Equity
-€17,573
Debts exceed assets in financial year 2025.
GIES TECHNICS
Lifetime
2 annual accounts with figures on one time axispeak €23,916 (2024)
-€32,363▼ €56,278
lowest -€37,432 (2025)
-€37,432▼ €55,091
peak €19,859 (2024)
-€17,573▼ €37,432
€50,713▲ 53.8%
Board1 name since 2023
1 directorBONNEUX Giesbert Pieter Jozef
Documentsfilings and deeds
21-08-202621 days late
2025micro format
Gross margin from €23,916 to -€32,363Loss of €37,432Equity from €19,859 to -€17,573Debts from €32,982 to €50,713Cash from €6,549 to €11,150
Key points
from the 2025 annual accountsResult
-€37,432 -€37,432
From profit to loss in 2025, after a profit of €17,659 in 2024.
Debts
€50,713 153% of the balance sheet
Suppliers 80%Taxes and wages 10%Other 11%
Investments
€3,583 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 23.6% higher than in 2024.
Liquidity
0.45 was 1.32 in 2024
Short-term debts rose from €32,982 to €50,713.
Position in the sector
-53.0%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
2025 accounts filed 21 days after the deadlineTurnover not published (micro format)
Checked score
52
Fair
Financially stronger than 10% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 2.9%▼ -0.1 percentage points vs 12-2024
02-2025: 3.2%▲ +0.3 percentage points vs 01-2025
03-2025: 3.3%▲ +0.1 percentage points vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025highest value
05-2025: 3.3%● unchanged vs 04-2025highest value
06-2025: 3.3%● unchanged vs 05-2025highest value
07-2025: 3.3%● unchanged vs 06-2025highest value
08-2025: 3.3%● unchanged vs 07-2025highest value
09-2025: 1.9%▼ -1.4 percentage points vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.8%▼ -0.1 percentage points vs 10-2025
12-2025: 1.6%▼ -0.2 percentage points vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025lowest value
02-2026: 1.6%● unchanged vs 01-2026lowest value
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 2.5%▲ +0.7 percentage points vs 07-2026
09-2026: 2.1%▼ -0.4 percentage points vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
11-2026: 1.8%▼ -0.3 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€17,573
Loss of €37,432 (financial year 2025)
lowers risk
Size: total assets €33,140
Liquidity: current ratio 0.45, cash €11,150
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 32% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as GIES TECHNICS has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GIES TECHNICS itself is lower: 1.8% within 12 months. It rests on far more data about GIES TECHNICS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for GIES TECHNICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.45 (1.32 in 2024), below 1. Short-term debt is 153% and cash 33.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€17,573
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
21 days late
2024
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800062928
Incorporation
Founding capital of €3,000, 100 shares · Founder: BONNEUX Giesbert Pieter Jozef · Appointment: BONNEUX Giesbert Pieter Jozef (director) · published on 30-03-2023 · Gazette deed
First establishment
Weyerstraat 16, Alken
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GIES TECHNICS Alken | €33,140 | -€32,363 | -53.0% | - |
| MB REPAIR Sint-Genesius-Rode | €32,571 | -€14,152 | -90.0% | - |
| COSA Ghent | €32,821 | -€3,521 | 89.7% | - |
| KDSD Bertem | €26,578 | -€27,659 | -153.9% | - |
| JM Energieker Geel | €42,013 | -€29,613 | -55.3% | - |
| Hln & Co Meise | €25,722 | -€5,433 | 32.4% | - |
| Las- en Konstruktiebedrijf Niekamp Belgium Antwerp | €27,212 | -€5,047 | -848.4% | - |
These companies have the same main activity as GIES TECHNICS: plumbing work (NACE 43221). They are comparable in size and age: total assets between €25,700 and €42,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 28-03-2023Normal situation
- Activity
- Plumbing workNACE 43221and 5 others
- Establishment unit
- 2.343.262.8503570 Alken, since 28-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-08-2025
Insights on GIES TECHNICS
The computed 12-month bankruptcy probability of GIES TECHNICS is 1.8% (moderate). The 2025 annual accounts show negative equity (-€17,573) and a net result of -€37,432.
Its solvency ranks better than 5% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GIES TECHNICS
- What is the company number of GIES TECHNICS?
- The company number of GIES TECHNICS is 0800.062.928. The VAT number is the same number with BE in front: BE 0800.062.928.
- Where is GIES TECHNICS based?
- The registered office is at Weyerstraat 16, 3570 Alken.Company details
- What does GIES TECHNICS do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of GIES TECHNICS?
- GIES TECHNICS is a private limited company (BV).
- When was GIES TECHNICS founded?
- GIES TECHNICS was founded on 28-03-2023.
- Is GIES TECHNICS still active?
- Yes, GIES TECHNICS is an active enterprise in the KBO register.
- What is the turnover of GIES TECHNICS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is GIES TECHNICS profitable?
- In financial year 2025, GIES TECHNICS made a loss of €37,432.
- Where can I find the annual accounts of GIES TECHNICS?
- GIES TECHNICS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GIES TECHNICS due?
- GIES TECHNICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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