GIC IMMO
ActiveSummary
GIC IMMO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+57
Solvency42▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.37 in 2024; short-term debt: 83.2% and cash: 16.3% of total assets), and 83.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.8%
Return on assets
10%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
14 d late
2022
59 d early
2021
15 d late
2020
61 d late
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€27k▲ 11.3%
2024 · €24k
Total assets
€159k▼ 13.4%
2024 · €184k
Net result
€16k
2024 · €-87k
Working capital
€27k▼ 45.0%
2024 · €49k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€62k▲ 103%€62k▲ 0.1%€5k▼ 91.1%€-81k€25k
Net result€37k▲ 113%€41k▲ 13.2%€2k▼ 96.0%€-87k€16k
Equity€71k▲ 96.8%€111k▲ 56.0%€111k=€24k▼ 78.3%€27k▲ 11.3%
Total assets€226k▲ 5.0%€269k▲ 19.2%€230k▼ 14.6%€184k▼ 19.9%€159k▼ 13.4%
Debt€155k▼ 13.6%€158k▲ 2.2%€119k▼ 24.8%€160k▲ 34.5%€133k▼ 17.1%
Working capital€80k▲ 58.9%€125k▲ 56.9%€131k▲ 4.2%€49k▼ 62.9%€27k▼ 45.0%
Staff (FTE)5.2▲ 40.5%5.2=4.2▼ 19.2%4.9▲ 16.7%5.8▲ 18.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €81k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €159k
Equity
€27k ▲ 11.3%
Debt
€133k ▼ 17.1%
Debt's share of the balance-sheet total falls from 86.9% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2024 · €-73k
Cash flow
€19k▲
2024 · €-79k
Current ratio
1.20▼
2024 · 1.37
Debt to equity
4.96▼
2024 · 6.66
ROE
59.8%▲
2024 · -361.6%
ROA
10.0%▲
2024 · -47.2%
Interest coverage
3.05▲
2024 · -12.99
Debt ≤ 1 year
€133k▲
2024 · €130k
Staff costs
€253k▲
2024 · €187k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €32k | - | €5k | - |
| Remuneration, social security and pensions62 | €184k | €153k | €142k | €187k | €253k | ▲ 35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €12k | €9k | €8k | €3k | ▼ 67.4% |
| Other operating charges640/8 | €1k | €1k | €3k | €3k | €975 | ▼ 61.1% |
| Non-recurring operating charges66A | - | €4k | - | - | - | - |
| Gross operating margin9900 | €267k | €232k | €159k | €116k | €282k | ▲ 143% |
| Operating profit (loss)9901 | €62k | €62k | €5k | €-81k | €25k | ▲ 131% |
| Financial income75/76B | €111 | €2k | €4 | €3 | €15 | ▲ 482% |
| Recurring financial income75 | €111 | €2k | €4 | €3 | €15 | ▲ 482% |
| Financial charges65/66B | €5k | €3k | €3k | €6k | €9k | ▲ 60.2% |
| Recurring financial charges65 | €5k | €3k | €3k | €6k | €9k | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €56k | €61k | €2k | €-87k | €16k | ▲ 118% |
| Income taxes67/77 | €20k | €20k | €384 | €74 | - | - |
| Profit (loss) for the period9904 | €37k | €41k | €2k | €-87k | €16k | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | €37k | €41k | €2k | €-87k | €16k | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226k | €269k | €230k | €184k | €159k | ▼ 13.4% |
| Fixed assets21/28 | €42k | €25k | €13k | €5k | - | - |
| Tangible fixed assets22/27 | €42k | €25k | €13k | €5k | - | - |
| Plant, machinery and equipment23 | €3k | €2k | €985 | €141 | - | - |
| Furniture and vehicles24 | €8k | €1k | €201 | €3k | - | - |
| Leasing and similar rights25 | €32k | €22k | €12k | €2k | - | - |
| Current assets29/58 | €183k | €244k | €216k | €178k | €159k | ▼ 10.7% |
| Amounts receivable within one year40/41 | €162k | €234k | €163k | €148k | €129k | ▼ 12.6% |
| Trade receivables40 | €159k | €224k | €157k | €142k | €129k | ▼ 9.5% |
| Other amounts receivable41 | €2k | €10k | €6k | €5k | €367 | ▼ 93.3% |
| Cash at bank and in hand54/58 | €19k | €6k | €51k | €28k | €26k | ▼ 8.7% |
| Deferred charges and accrued income490/1 | €3k | €4k | €3k | €2k | €4k | ▲ 94.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226k | €269k | €230k | €184k | €159k | ▼ 13.4% |
| Equity10/15 | €71k | €111k | €111k | €24k | €27k | ▲ 11.3% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €46k | €86k | €86k | €86k | €86k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €44k | €83k | €83k | €83k | €83k | = |
| Profit (loss) carried forward14 | - | - | - | €-87k | €-84k | ▲ 3.1% |
| Amounts payable17/49 | €155k | €158k | €119k | €160k | €133k | ▼ 17.1% |
| Amounts payable after more than one year17 | €51k | €40k | €33k | €30k | - | - |
| Financial debts170/4 | €21k | €10k | €3k | - | - | - |
| Other amounts payable178/9 | €30k | €30k | €30k | €30k | - | - |
| Amounts payable within one year42/48 | €103k | €118k | €86k | €130k | €133k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €7k | €3k | - | - |
| Trade debts44 | €18k | €13k | €18k | €31k | €28k | ▼ 11.3% |
| Suppliers440/4 | €18k | €13k | €18k | €31k | €28k | ▼ 11.3% |
| Taxes, remuneration and social security45 | €61k | €86k | €51k | €53k | €61k | ▲ 14.4% |
| Taxes450/3 | €42k | €57k | €30k | €27k | €18k | ▼ 32.4% |
| Remuneration and social security454/9 | €20k | €29k | €21k | €26k | €42k | ▲ 63.4% |
| Other amounts payable47/48 | €13k | €8k | €10k | €42k | €44k | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €41k | €2k | €-87k | €16k | ▲ 118% |
| + Depreciation and write-downs630 | €20k | €12k | €9k | €8k | €3k | ▼ 67.4% |
| Operating cash flow (approximation) | €56k | €53k | €11k | €-79k | €19k | ▲ 123% |
| Investment in fixed assets (approximation) | - | €5k | €3k | €0 | - | - |
| Change in cash | - | €-13k | €45k | €-22k | €-2k | ▲ 88.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €41k ▲13.2%
Operating result €62k, net result €41k, both a record.
31-12
Financial
Equity above €100kEq €111k ▲56%
3 profitable years in a row build equity to €111k.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
Show earlier events
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Comines-Warneton · 2 establishment units since 2013
Ground area
415 m²
Building footprint
201 m²
Volume, LiDAR
1,828 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
GIC IMMO
since 20132.220.882.108
Molensstraat 85, 7700 Mouscron
since 20132.249.310.531
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002C0487/00W000 | Wallonia | 269 m² | 1 · 87 m² | 11.7 m · 3 fl. |
| 54432C0137/00X000 | Wallonia | 146 m² | 1 · 115 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 4,257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
Phone
056840085Mouscron
Fax
056843685Mouscron
Scores and ratios are computed by Checked and are not a credit decision.