GIELEN
ActiveSummary
GIELEN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.00M and a net result of €98k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+33
Solvency52▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 4.54 against 3.83 in 2024; short-term debt: 4.4% and cash: 0.8% of total assets), but 72.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% 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
27.4%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
on the day
2022
32 d early
2021
25 d late
2020
4 d late
2019
91 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
Financials · fiscal year 2025, abbreviated schema
Equity
€4.00M▲ 2.5%
2024 · €3.90M
2018: €910klowest in 8 years
2019: €1.50M▲ +64.7% vs 2018
2020: €1.83M▲ +21.8% vs 2019
2021: €2.93M▲ +60.5% vs 2020
2022: €4.33M▲ +47.7% vs 2021highest in 8 years
2023: €4.14M▼ -4.4% vs 2022
2024: €3.90M▼ -5.8% vs 2023
2025: €4.00M▲ +2.5% vs 2024
2018 → 2025
Total assets
€14.60M▲ 35.1%
2024 · €10.81M
2018: €1.72Mlowest in 8 years
2019: €2.38M▲ +38.2% vs 2018
2020: €7.27M▲ +206% vs 2019
2021: €9.36M▲ +28.6% vs 2020
2022: €9.59M▲ +2.5% vs 2021
2023: €9.89M▲ +3.2% vs 2022
2024: €10.81M▲ +9.3% vs 2023
2025: €14.60M▲ +35.1% vs 2024highest in 8 years
2018 → 2025
Net result
€98k
2024 · €-239k
2018: €583k
2019: €589k▲ +1.1% vs 2018
2020: €327k▼ -44.4% vs 2019
2021: €1.10M▲ +238% vs 2020
2022: €1.41M▲ +27.9% vs 2021highest in 8 years
2023: €-190k▼ -113% vs 2022
2024: €-239k▼ -25.9% vs 2023lowest in 8 years
2025: €98k▲ +141% vs 2024
2018 → 2025
Working capital
€2.30M▲ 87.6%
2024 · €1.22M
2018: €609k
2019: €1.21M▲ +98.5% vs 2018
2020: €1.03M▼ -15.1% vs 2019
2021: €1.31M▲ +27.5% vs 2020
2022: €1.78M▲ +35.9% vs 2021
2023: €31k▼ -98.2% vs 2022lowest in 8 years
2024: €1.22M▲ +3818% vs 2023
2025: €2.30M▲ +87.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.93M-€4.33M▲ 47.7%€4.14M▼ 4.4%€3.90M▼ 5.8%€4.00M▲ 2.5%
2021: €2.93Mlowest in 5 years
2022: €4.33M▲ +47.7% vs 2021highest in 5 years
2023: €4.14M▼ -4.4% vs 2022
2024: €3.90M▼ -5.8% vs 2023
2025: €4.00M▲ +2.5% vs 2024
Operating result€1.49M-€1.84M▲ 23.0%€-106k€-110k▼ 3.8%€176k
2021: €1.49M
2022: €1.84M▲ +23.0% vs 2021highest in 5 years
2023: €-106k▼ -106% vs 2022
2024: €-110k▼ -3.8% vs 2023lowest in 5 years
2025: €176k▲ +260% vs 2024
Net result€1.10M-€1.41M▲ 27.9%€-190k€-239k▼ 25.9%€98k
2021: €1.10M
2022: €1.41M▲ +27.9% vs 2021highest in 5 years
2023: €-190k▼ -113% vs 2022
2024: €-239k▼ -25.9% vs 2023lowest in 5 years
2025: €98k▲ +141% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €176k after a loss of €110k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.60M
Fixed assets
€11.66M ▲ 27.3%
Current assets
€2.94M ▲ 77.8%
Equity and liabilities €14.60M
Equity
€4.00M ▲ 2.5%
Debt
€10.60M ▲ 53.4%
Debt's share of the balance-sheet total rises from 63.9% to 72.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€675k▲
2024 · €328k
Cash flow
€597k▲
2024 · €199k
Current ratio
4.54▲
2024 · 3.83
Quick ratio
1.59▲
2024 · 0.46
Debt to equity
2.65▲
2024 · 1.77
ROE
2.5%▲
2024 · -6.1%
ROA
0.7%▲
2024 · -2.2%
Interest coverage
8.48▲
2024 · 2.49
Debt ≤ 1 year
€648k▲
2024 · €432k
Debt > 1 year
€9.95M▲
2024 · €6.48M
Income taxes
€345▲
2024 · €269
Staff costs
€93k▼
2024 · €106k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.81M€14.60M▲
Fixed assets21/28€9.16M€11.66M▲
Tangible fixed assets22/27€9.16M€11.66M▲
Land and buildings22€4.96M€4.69M▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€160k€121k▼
Other tangible fixed assets26€4.02M€6.84M▲
Current assets29/58€1.66M€2.94M▲
Stocks and contracts in progress3€1.46M€1.91M▲
Stocks30/36€1.46M€1.91M▲
Amounts receivable within one year40/41€130k€198k▲
Trade receivables40€126k€188k▲
Other amounts receivable41€4k€10k▲
Cash at bank and in hand54/58€49k€121k▲
Deferred charges and accrued income490/1€20k€711k▲
Equity and liabilities
Total equity and liabilities10/49€10.81M€14.60M▲
Equity10/15€3.90M€4.00M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.84M€3.94M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€3.83M€3.93M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€6.91M€10.60M▲
Amounts payable after more than one year17€6.48M€9.95M▲
Financial debts170/4€6.48M€9.95M▲
Amounts payable within one year42/48€432k€648k▲
Current portion of amounts payable after more than one year42€256k€244k▼
Financial debts43-€14k
Credit institutions430/8-€14k
Trade debts44€87k€326k▲
Suppliers440/4€87k€326k▲
Taxes, remuneration and social security45€88k€62k▼
Taxes450/3€69k€41k▼
Remuneration and social security454/9€19k€21k▲
Other amounts payable47/48€1k€1k=
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€106k€93k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€438k€499k▲
Other operating charges640/8€63k€77k▲
Gross operating margin9900€497k€846k▲
Operating profit (loss)9901€-110k€176k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€131k€80k▼
Recurring financial charges65€131k€80k▼
Profit (loss) for the period before taxes9903€-239k€99k▲
Income taxes67/77€269€345▲
Profit (loss) for the period9904€-239k€98k▲
Profit (loss) for the period to be appropriated9905€-239k€98k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-429k€98k▲
Profit (loss) brought forward from the previous period14P€-190k€0▲
Transfer from equity791/2€429k€0▼
Transfer to equity691/2-€98k
To other reserves6921-€98k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | €10k | €50k | €106k | €93k | ▼ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €337k | €386k | €692k | €438k | €499k | ▲ 14.1% |
| Other operating charges640/8 | €139k | €44k | €50k | €63k | €77k | ▲ 21.3% |
| Non-recurring operating charges66A | - | €64k | €0 | - | - | - |
| Gross operating margin9900 | €1.97M | €2.34M | €687k | €497k | €846k | ▲ 70.2% |
| Operating profit (loss)9901 | €1.49M | €1.84M | €-106k | €-110k | €176k | ▲ 260% |
| Financial income75/76B | €0 | €99k | €37k | €3k | €2k | ▼ 29.6% |
| Recurring financial income75 | €0 | €4k | €15k | €3k | €2k | ▼ 29.6% |
| Non-recurring financial income76B | - | €95k | €22k | - | - | - |
| Financial charges65/66B | €35k | €47k | €121k | €131k | €80k | ▼ 39.4% |
| Recurring financial charges65 | €35k | €47k | €121k | €131k | €80k | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €1.46M | €1.89M | €-190k | €-239k | €99k | ▲ 141% |
| Income taxes67/77 | €355k | €477k | €129 | €269 | €345 | ▲ 28.2% |
| Profit (loss) for the period9904 | €1.10M | €1.41M | €-190k | €-239k | €98k | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €1.10M | €1.41M | €-190k | €-239k | €98k | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.36M | €9.59M | €9.89M | €10.81M | €14.60M | ▲ 35.1% |
| Fixed assets21/28 | €7.00M | €7.34M | €9.33M | €9.16M | €11.66M | ▲ 27.3% |
| Tangible fixed assets22/27 | €7.00M | €7.34M | €9.33M | €9.16M | €11.66M | ▲ 27.3% |
| Land and buildings22 | €5.33M | €5.45M | €5.18M | €4.96M | €4.69M | ▼ 5.6% |
| Plant, machinery and equipment23 | €64k | €0 | €7k | €12k | €10k | ▼ 14.9% |
| Furniture and vehicles24 | - | - | €61k | €160k | €121k | ▼ 24.5% |
| Other tangible fixed assets26 | €1.61M | €1.89M | €4.09M | €4.02M | €6.84M | ▲ 70.1% |
| Current assets29/58 | €2.36M | €2.24M | €561k | €1.66M | €2.94M | ▲ 77.8% |
| Stocks and contracts in progress3 | - | - | €308k | €1.46M | €1.91M | ▲ 31.5% |
| Stocks30/36 | - | - | €308k | €1.46M | €1.91M | ▲ 31.5% |
| Amounts receivable within one year40/41 | €1.83M | €24k | €173k | €130k | €198k | ▲ 51.6% |
| Trade receivables40 | €1.83M | €24k | €168k | €126k | €188k | ▲ 49.2% |
| Other amounts receivable41 | €0 | €138 | €5k | €4k | €10k | ▲ 120% |
| Current investments50/53 | €123k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €409k | €2.22M | €66k | €49k | €121k | ▲ 145% |
| Deferred charges and accrued income490/1 | €0 | - | €14k | €20k | €711k | ▲ 3,478% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.36M | €9.59M | €9.89M | €10.81M | €14.60M | ▲ 35.1% |
| Equity10/15 | €2.93M | €4.33M | €4.14M | €3.90M | €4.00M | ▲ 2.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €1.76M | €4.27M | €4.27M | €3.84M | €3.94M | ▲ 2.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | €6k | €0 | - | - | - | - |
| Distributable reserves133 | €1.76M | €4.26M | €4.26M | €3.83M | €3.93M | ▲ 2.6% |
| Profit (loss) carried forward14 | €1.10M | - | €-190k | €0 | - | - |
| Amounts payable17/49 | €6.42M | €5.26M | €5.75M | €6.91M | €10.60M | ▲ 53.4% |
| Amounts payable after more than one year17 | €5.38M | €4.79M | €5.22M | €6.48M | €9.95M | ▲ 53.6% |
| Financial debts170/4 | €5.38M | €4.79M | €5.22M | €6.48M | €9.95M | ▲ 53.6% |
| Amounts payable within one year42/48 | €1.05M | €465k | €530k | €432k | €648k | ▲ 50.1% |
| Current portion of amounts payable after more than one year42 | €451k | €385k | €254k | €256k | €244k | ▼ 4.5% |
| Financial debts43 | - | - | - | - | €14k | - |
| Credit institutions430/8 | - | - | - | - | €14k | - |
| Trade debts44 | €363k | €22k | €172k | €87k | €326k | ▲ 275% |
| Suppliers440/4 | €363k | €22k | €172k | €87k | €326k | ▲ 275% |
| Taxes, remuneration and social security45 | €35k | €58k | €104k | €88k | €62k | ▼ 28.8% |
| Taxes450/3 | €35k | €55k | €91k | €69k | €41k | ▼ 40.2% |
| Remuneration and social security454/9 | - | €3k | €13k | €19k | €21k | ▲ 12.4% |
| Other amounts payable47/48 | €199k | €0 | - | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.10M | €1.41M | €-190k | €-239k | €98k | ▲ 141% |
| + Depreciation and write-downs630 | €337k | €386k | €692k | €438k | €499k | ▲ 14.1% |
| Operating cash flow (approximation) | €1.44M | €1.80M | €502k | €199k | €597k | ▲ 201% |
| Investment in fixed assets (approximation) | - | €-733k | €-2.68M | €-261k | €-3.00M | ▼ 1,051% |
| Change in cash | - | €1.81M | €-2.15M | €-17k | €72k | ▲ 523% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €98k
Net result €98k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-239k
Net result drops to €-239k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.83
Current ratio from 1.06 to 3.83; short-term debt falls from €530k to €432k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.41M ▲27.9%
Operating result €1.84M, net result €1.41M, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.83
Current ratio from 2.25 to 4.83; short-term debt falls from €1.05M to €465k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Equity above €2MEq €2.93M ▲60.5%
4 profitable years in a row build equity to €2.93M.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
Show earlier events
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Equity above €1MEq €1.50M ▲64.7%
2 profitable years in a row build equity to €1.50M.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Sint-Truiden · 1 establishment unit since 1989
Ground area
5,113 m²
Building footprint
2,749 m²
Volume, LiDAR
17,012 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bedrijvenstraat 5760, 3800 Sint-Truiden
since 19892.042.608.380
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0062/00L000 | Flanders | 4,175 m² | 1 · 2,520 m² | 8.1 m · 2 fl. |
| 71353E0480/00W000 | Flanders | 938 m² | 1 · 229 m² | 8.1 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500CYVYJOU5JWM497
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,525. 238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
63920Other information service activities
64210Activities of holding companies
68110Buying and selling of own real estate
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.