GIEWA
ActiveGIEWA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.19M and a net result of €1.59M. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 65% of 477 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+92
Solvency83▲+11
Growth85▲+33
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 0.51 in 2024; short-term debt: 24.7% and cash: 2.4% of total assets), and 42.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
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 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
28.9%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-04-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
6 d early
2023
28 d early
2022
37 d early
2021
30 d early
2020
18 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.31M▲ 251%
2024 · €943k
2024: €943k
2024 → 2025
EBIT margin
61.6%▲ 106.9pp
2024 · -45.3%
2024: -45.3%
2024 → 2025
Net result
€1.59M
2024 · €-449k
2018: €186k
2019: €229k
2020: €222k
2021: €317k
2022: €332k
2023: €515k
2024: €-449k
2018 → 2025
Working capital
€943k
2024 · €-330k
2018: €118k
2019: €62k
2020: €127k
2021: €58k
2022: €-60k
2023: €344k
2024: €-330k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€943k€3.31M▲ 251%
Equity€1.20M-€1.53M▲ 27.7%€2.05M▲ 33.6%€1.60M▼ 21.9%€3.19M▲ 99.5%
Operating result€416k-€397k▼ 4.7%€702k▲ 77.0%€-427k€2.04M
Net result€317k-€332k▲ 4.9%€515k▲ 55.1%€-449k€1.59M
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2.04M after a loss of €427k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.51M
Fixed assets
€3.21M▲ 4.5%
Current assets
€2.30M▲ 561%
Equity and liabilities €5.51M
Equity
€3.19M▲ 99.5%
Debt
€2.32M▲ 27.5%
The debt ratio falls from 53.2% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.47M▲
2024 · €-4k
Cash flow
€2.02M▲
2024 · €-25k
Solvency
57.9%▲
2024 · 46.8%
Current ratio
1.69▲
2024 · 0.51
Quick ratio
1.69▲
2024 · 0.51
Debt / equity
0.73▼
2024 · 1.14
ROE
49.9%▲
2024 · -28.1%
ROA
28.9%▲
2024 · -13.1%
Interest coverage
136.33▲
2024 · -0.20
Debt
€2.32M▲
2024 · €1.82M
Debt ≤ 1 year
€1.36M▲
2024 · €678k
Debt > 1 year
€954k▼
2024 · €1.14M
Income taxes
€432k▲
2024 · €0
Staff costs
€402k▼
2024 · €542k
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€3.42M€5.51M▲
Fixed assets21/28€3.07M€3.21M▲
Intangible fixed assets21€2k€4k▲
Tangible fixed assets22/27€3.07M€3.20M▲
Land and buildings22€2.68M€2.75M▲
Plant, machinery and equipment23€113k€90k▼
Furniture and vehicles24€276k€360k▲
Current assets29/58€348k€2.30M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€243k€2.16M▲
Trade receivables40€132k€2.15M▲
Other amounts receivable41€111k€14k▼
Cash at bank and in hand54/58€100k€133k▲
Deferred charges and accrued income490/1€5k€5k=
Equity and liabilities
Total equity and liabilities10/49€3.42M€5.51M▲
Equity10/15€1.60M€3.19M▲
Contributions10/11€99k€99k=
Reserves13€1.50M€3.09M▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€1.49M€3.08M▲
Amounts payable17/49€1.82M€2.32M▲
Amounts payable after more than one year17€1.14M€954k▼
Financial debts170/4€1.14M€954k▼
Credit institutions173€1.14M€954k▼
Amounts payable within one year42/48€678k€1.36M▲
Current portion of amounts payable after more than one year42€185k€185k=
Trade debts44€48k€50k▲
Suppliers440/4€48k€50k▲
Taxes, remuneration and social security45€45k€573k▲
Taxes450/3€16k€564k▲
Remuneration and social security454/9€29k€8k▼
Other amounts payable47/48€400k€550k▲
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Operating income70/76A€989k€3.33M▲
Turnover70€943k€3.31M▲
Other operating income74€45k€15k▼
Non-recurring operating income76A€0-
Operating charges60/66A€1.42M€1.29M▼
Goods for resale, raw materials and consumables60€200k€228k▲
Purchases600/8€200k€228k▲
Services and other goods61€247k€221k▼
Remuneration, social security and pensions62€542k€402k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€423k€431k▲
Other operating charges640/8€4k€6k▲
Operating profit (loss)9901€-427k€2.04M▲
Financial income75/76B€42€14▼
Recurring financial income75€42€14▼
Other financial income752/9€42€14▼
Financial charges65/66B€21k€18k▼
Recurring financial charges65€21k€18k▼
Debt charges650€21k€18k▼
Other financial charges652/9€1€0▼
Profit (loss) for the period before taxes9903€-449k€2.02M▲
Income taxes67/77€0€432k▲
Taxes670/3€0€432k▲
Profit (loss) for the period9904€-449k€1.59M▲
Profit (loss) for the period to be appropriated9905€-449k€1.59M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-449k€1.59M▲
Transfer from equity791/2€449k€0▼
From reserves792€449k€0▼
Transfer to equity691/2€0€1.59M▲
To other reserves6921€0€1.59M▲
Social balance
Average headcount (FTE)90877.56.7▼
The notes to these accounts (86 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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Back to profitnet €1.59M
Net result €1.59M after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 1.69
Current ratio from 0.51 to 1.69.
30-09
Financial
Equity above €2MEq €3.19M ▲99.5%
Equity rises from €1.60M to €3.19M.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €-449k ▼187%
Net result drops to €-449k, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €2MEq €2.05M ▲33.6%
6 profitable years in a row build equity to €2.05M.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €1MEq €1.20M ▲35.8%
4 profitable years in a row build equity to €1.20M.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €500kEq €662k ▲52.9%
2 profitable years in a row build equity to €662k.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Sint-Truiden · 1 establishment unit since 2010
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.
Hameistraat 223800 Sint-TruidenGround area
2,682 m²
Building footprint
222 m²
Volume, LiDAR
1,396 m³
Parcel 71009C0050/00V000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hameistraat 22, 3800 Sint-Truiden
since 20102.196.482.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009C0050/00V000 | Flanders | 2,682 m² | 1 · 222 m² | 11.3 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 siteSint-Truiden2.196.482.351
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Of 1,345 companies in sector 01240 we hold annual accounts for 321. 165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-01-2011
Fiscal year end30-09
Activities, NACEBEL
01240Growing of pome and stone fruits
01610Support activities for crop production
38210Materials recovery from waste
38211Waste collection, recovery and disposal activities
47210Retail sale of fruit and vegetables
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.