GIELKENS
ActiveGIELKENS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.52M and a net result of €134k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 326 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+3
Solvency60▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.59 in 2023; short-term debt: 36% and cash: 4.8% of total assets), but 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.9%
Return on assets
3.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
61 d late
2022
92 d late
2021
3 d early
2020
39 d early
2019
104 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€2.11M
EBIT margin
5.3%
Net result
€134k▲ 206%
2023 · €44k
2018: €55k
2019: €-79k
2020: €89k
2021: €66k
2022: €49k
2023: €44k
2018 → 2024
Working capital
€885k▲ 22.8%
2023 · €720k
2018: €559k
2019: €394k
2020: €471k
2021: €418k
2022: €767k
2023: €720k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.11M
Equity€1.23M-€1.30M▲ 5.4%€1.35M▲ 3.8%€1.39M▲ 3.2%€1.52M▲ 9.6%
Operating result€60k-€112k▲ 85.8%€96k▼ 14.1%€94k▼ 2.1%€236k▲ 151%
Net result€89k-€66k▼ 25.3%€49k▼ 25.8%€44k▼ 11.5%€134k▲ 206%
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 recovers in 2024; 2024 is 151% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.36M
Fixed assets
€1.91M▲ 22.9%
Current assets
€2.46M▲ 27.0%
Equity and liabilities €4.36M
Equity
€1.52M▲ 9.6%
Debt
€2.84M▲ 35.6%
The debt ratio rises from 60.1% to 65.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€589k▲
2023 · €324k
Cash flow
€487k▲
2023 · €274k
Solvency
34.9%▼
2023 · 39.9%
Current ratio
1.56▼
2023 · 1.59
Quick ratio
0.40▲
2023 · 0.30
Debt / equity
1.86▲
2023 · 1.51
ROE
8.8%▲
2023 · 3.1%
ROA
3.1%▲
2023 · 1.3%
Interest coverage
10.94▲
2023 · 7.88
Debt
€2.84M▲
2023 · €2.09M
Debt ≤ 1 year
€1.57M▲
2023 · €1.21M
Debt > 1 year
€1.27M▲
2023 · €881k
Income taxes
€52k▲
2023 · €9k
Staff costs
€647k▼
2023 · €715k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.49M€4.36M▲
Fixed assets21/28€1.55M€1.91M▲
Intangible fixed assets21€4k€328k▲
Tangible fixed assets22/27€1.55M€1.58M▲
Land and buildings22€644k€553k▼
Plant, machinery and equipment23€98k€313k▲
Furniture and vehicles24€9k€9k▲
Leasing and similar rights25€795k€704k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.93M€2.46M▲
Stocks and contracts in progress3€1.58M€1.83M▲
Stocks30/36€1.58M€1.83M▲
Amounts receivable within one year40/41€318k€385k▲
Trade receivables40€288k€371k▲
Other amounts receivable41€29k€15k▼
Cash at bank and in hand54/58€10k€209k▲
Deferred charges and accrued income490/1€30k€32k▲
Equity and liabilities
Total equity and liabilities10/49€3.49M€4.36M▲
Equity10/15€1.39M€1.52M▲
Contributions10/11€640k€640k=
Reserves13€658k€758k▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€648k€748k▲
Profit (loss) carried forward14€93k€127k▲
Amounts payable17/49€2.09M€2.84M▲
Amounts payable after more than one year17€881k€1.27M▲
Financial debts170/4€881k€1.27M▲
Amounts payable within one year42/48€1.21M€1.57M▲
Current portion of amounts payable after more than one year42€202k€365k▲
Financial debts43€321k€471k▲
Credit institutions430/8€321k€471k▲
Trade debts44€255k€275k▲
Suppliers440/4€255k€275k▲
Taxes, remuneration and social security45€54k€82k▲
Taxes450/3€22k€45k▲
Remuneration and social security454/9€32k€36k▲
Other amounts payable47/48€381k€379k▼
Income statement
Code20232024
Remuneration, social security and pensions62€715k€647k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€231k€353k▲
Other operating charges640/8€35k€60k▲
Non-recurring operating charges66A€16k-
Gross operating margin9900€1.09M€1.30M▲
Operating profit (loss)9901€94k€236k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€41k€54k▲
Recurring financial charges65€41k€54k▲
Profit (loss) for the period before taxes9903€53k€185k▲
Income taxes67/77€9k€52k▲
Profit (loss) for the period9904€44k€134k▲
Profit (loss) for the period to be appropriated9905€44k€134k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€227k▲
Profit (loss) brought forward from the previous period14P€49k€93k▲
Transfer to equity691/2-€100k
To other reserves6921-€100k
Social balance
Average headcount (FTE)908716.314.3▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €134k ▲206%
Operating result €236k, net result €134k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 104 days late
2019
31-12
Financial
Weakest financial yearnet €-79k ▼245%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 41 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bilzen-Hoeselt · 2 establishment units since 1990
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.
Kogelstraat 133740 Bilzen-HoeseltGround area
1.7 ha
Building footprint
5,936 m²
Volume, LiDAR
38,038 m³
2 parcels, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GIELKENS BVBA
since 19902.050.226.246
Limesweg 3, 3700 Tongeren-Borgloon
since 19952.050.226.345
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73076D0298/00B000 | Flanders | 1.6 ha | 1 · 5,255 m² | 12.1 m · 2 fl. |
| 73068A0491/00F000 | Flanders | 910 m² | 1 · 681 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 71,882 EUR awarded · 72,479 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 24,967 EUR | 24,967 EUR |
| 2024 | 3 | 17,932 EUR | 17,980 EUR |
| 2023 | 2 | 13,599 EUR | 14,148 EUR |
| 2022 | 1 | 15,384 EUR | 15,384 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
FELLER CONCASSAGES
BE 0477.020.264
Comblain-au-Pont · Eq €1.52M
INTERSTONE
BE 0870.723.171
Lier · Eq €1.51M
POTIER STONE
BE 0888.572.359
Maldegem · Eq €1.51M
MAGMA NATUURSTEEN
BE 0452.121.354
Tielt · Eq €1.49M
Amant
BE 0471.998.634
Evergem · Eq €1.57M
Of 738 companies in sector 23700 we hold annual accounts for 491. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-05-1990
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.