GICOPA
ActiveGICOPA has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456k and a net result of €89k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-14
Solvency92▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.09 in 2024; short-term debt: 33.1% and cash: 2.2% of total assets), and 33.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
66.7%
Return on assets
13%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €456k
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
86 d early
2023
85 d early
2022
91 d early
2021
80 d early
2020
25 d early
2019
23 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€89k▼ 47.5%
2024 · €169k
2018: €-205k
2019: €178
2020: €-168k
2021: €126k
2022: €126k
2023: €154k
2024: €169k
2018 → 2025
Working capital
€64k▲ 114%
2024 · €30k
2018: €-442k
2019: €-422k
2020: €-557k
2021: €-465k
2022: €-390k
2023: €-373k
2024: €30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-81k-€45k€199k▲ 338%€367k▲ 84.7%€456k▲ 24.0%
Operating result€130k-€132k▲ 1.2%€160k▲ 21.3%€174k▲ 8.8%€93k▼ 46.8%
Net result€126k-€126k▲ 0.2%€154k▲ 21.9%€169k▲ 9.7%€89k▼ 47.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €683k
Fixed assets
€393k▲ 15.9%
Current assets
€291k▼ 21.4%
Equity and liabilities €683k
Equity
€456k▲ 24.0%
Provisions
€1k▼ 9.0%
Debt
€226k▼ 33.4%
The debt ratio falls from 47.9% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€155k▼
2024 · €227k
Cash flow
€151k▼
2024 · €222k
Solvency
66.7%▲
2024 · 51.8%
Current ratio
1.29▲
2024 · 1.09
Quick ratio
0.48▼
2024 · 0.55
Debt / equity
0.50▼
2024 · 0.93
ROE
19.4%▼
2024 · 45.9%
ROA
13.0%▼
2024 · 23.8%
Interest coverage
31.78▼
2024 · 41.46
Debt
€226k▼
2024 · €340k
Debt ≤ 1 year
€226k▼
2024 · €340k
Income taxes
€191▲
2024 · €176
Staff costs
€365k▲
2024 · €344k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€709k€683k▼
Fixed assets21/28€339k€393k▲
Intangible fixed assets21€14k€11k▼
Tangible fixed assets22/27€325k€382k▲
Land and buildings22€120k€111k▼
Plant, machinery and equipment23€166k€171k▲
Furniture and vehicles24€38k€97k▲
Assets under construction and advance payments27-€3k
Current assets29/58€370k€291k▼
Stocks and contracts in progress3€182k€181k▼
Stocks30/36€182k€181k▼
Amounts receivable within one year40/41€107k€95k▼
Trade receivables40€100k€77k▼
Other amounts receivable41€7k€18k▲
Cash at bank and in hand54/58€81k€15k▼
Equity and liabilities
Total equity and liabilities10/49€709k€683k▼
Equity10/15€367k€456k▲
Contributions10/11€519k€519k=
Reserves13€17k€17k=
Tax-exempt reserves132€14k€14k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-171k€-83k▲
Investment grants15€3k€3k▼
Provisions and deferred taxes16€2k€1k▼
Deferred taxes168€2k€1k▼
Amounts payable17/49€340k€226k▼
Amounts payable within one year42/48€340k€226k▼
Trade debts44€97k€69k▼
Suppliers440/4€97k€69k▼
Taxes, remuneration and social security45€40k€44k▲
Taxes450/3€176€367▲
Remuneration and social security454/9€40k€44k▲
Other amounts payable47/48€203k€113k▼
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€344k€365k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€62k▲
Other operating charges640/8€9k€12k▲
Gross operating margin9900€581k€533k▼
Operating profit (loss)9901€174k€93k▼
Financial income75/76B€493€1k▲
Recurring financial income75€493€1k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€169k€89k▼
Income taxes67/77€176€191▲
Profit (loss) for the period9904€169k€89k▼
Profit (loss) for the period to be appropriated9905€169k€89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-171k€-83k▲
Profit (loss) brought forward from the previous period14P€-340k€-171k▲
Social balance
Average headcount (FTE)90878.38.2▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €169k ▲9.7%
Operating result €174k, net result €169k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.09
Current ratio from 0.51 to 1.09; short-term debt falls from €756k to €340k.
31-12
Financial
Equity above €200kEq €367k ▲84.7%
4 profitable years in a row build equity to €367k.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €150kEq €199k ▲338%
3 profitable years in a row build equity to €199k.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €178
Net result €178 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sprimont · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Lileutige 1224140 SprimontGround area
1,808 m²
Building footprint
992 m²
Volume, LiDAR
5,630 m³
Parcel 62100H0320/00N000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Lileutige 122, 4140 Sprimont
since 19802.017.242.484
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100H0320/00N000 | Wallonia | 1,808 m² | 1 · 992 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSprimont2.017.242.484
Similar companies · same sector, comparable size
KARRAS
BE 0437.114.167
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GOLDEN CUP
BE 0437.020.137
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Andes Chocolatier
BE 0836.326.080
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WATHELET - HERMANS
BE 0454.630.783
Villers-le-Bouillet · Eq €438k
J.J. LOOZE
BE 0428.916.479
Seneffe · Eq €437k
Of 453 companies in sector 46360 we hold annual accounts for 286. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-02-1980
Fiscal year end31-12
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
46389Wholesale of other food products
47242Retail sale of chocolate and confectionery
47810Retail trade
52621
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.