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Gigaro

Active
Private limited companyfounded 20233 yrs activeCasselrylaan 27, 9800 Deinze, BelgiumKBO/BCE: BE 0795.929.441
Summary

The computed 12-month bankruptcy probability of Gigaro is 3.5% (moderate). The 2024 annual accounts show equity of €1.0m and a net result of -€288,657. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability18
Solvency47
Growth-
Track record79
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.15; short-term debt: 56.2% of total assets), and 77.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
22.4%
Return on assets
-6.4%
Age of the figures
21 mo
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 18-06-2026, 43 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
43 d early
2024
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 January 2023, Gigaro was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
€1.0m
Total assets
€4.5m
Net result
-€288,657
Working capital
-€2.2m

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €4.5m
Fixed assets €4.1m
Current assets €387,340
Equity and liabilities €4.5m
Equity €1.0m
Debt €3.5m
Debt finances 77.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€146,805
Cash flow
€16,944
Current ratio
0.15
Debt to equity
3.46
ROE
-28.5%
ROA
-6.4%
Interest coverage
0.83
Debt ≤ 1 year
€2.5m
Debt > 1 year
€915,255

Peer companies

Historical observation

Of the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
3.0% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 3.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 440 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 38 lines
Balance sheet Code2024
Assets
Total assets20/58€4.5m
Fixed assets21/28€4.1m
Tangible fixed assets22/27€4.1m
Land and buildings22€3.9m
Other tangible fixed assets26€273,000
Current assets29/58€387,340
Amounts receivable within one year40/41€373,729
Other amounts receivable41€373,729
Deferred charges and accrued income490/1€13,610
Equity and liabilities
Total equity and liabilities10/49€4.5m
Equity10/15€1.0m
Contributions10/11€1.3m
Outside capital11€1.3m
Other1109/19€1.3m
Profit (loss) carried forward14-€288,657
Amounts payable17/49€3.5m
Amounts payable after more than one year17€915,255
Financial debts170/4€915,255
Amounts payable within one year42/48€2.5m
Current portion of amounts payable after more than one year42€57,563
Financial debts43€690,349
Credit institutions430/8€690,349
Trade debts44€1,090
Suppliers440/4€1,090
Other amounts payable47/48€1.8m
Accrued charges and deferred income492/3€54,315
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€305,602
Other operating charges640/8€40,096
Gross operating margin9900€186,901
Operating profit (loss)9901-€158,797
Financial income75/76B€46,341
Recurring financial income75€46,341
Financial charges65/66B€176,201
Recurring financial charges65€176,201
Profit (loss) for the period before taxes9903-€288,657
Profit (loss) for the period9904-€288,657
Profit (loss) for the period to be appropriated9905-€288,657
Appropriation of the result
Profit (loss) to be appropriated9906-€288,657

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€305,602
Other operating charges640/8€40,096
Gross operating margin9900€186,901
Operating profit (loss)9901-€158,797
Financial income75/76B€46,341
Recurring financial income75€46,341
Financial charges65/66B€176,201
Recurring financial charges65€176,201
Profit (loss) for the period before taxes9903-€288,657
Profit (loss) for the period9904-€288,657
Profit (loss) for the period to be appropriated9905-€288,657
Line2024
Assets
Total assets20/58€4.5m
Fixed assets21/28€4.1m
Tangible fixed assets22/27€4.1m
Land and buildings22€3.9m
Other tangible fixed assets26€273,000
Current assets29/58€387,340
Amounts receivable within one year40/41€373,729
Other amounts receivable41€373,729
Deferred charges and accrued income490/1€13,610
Equity and liabilities
Total equity and liabilities10/49€4.5m
Equity10/15€1.0m
Contributions10/11€1.3m
Outside capital11€1.3m
Other1109/19€1.3m
Profit (loss) carried forward14-€288,657
Amounts payable17/49€3.5m
Amounts payable after more than one year17€915,255
Financial debts170/4€915,255
Amounts payable within one year42/48€2.5m
Current portion of amounts payable after more than one year42€57,563
Financial debts43€690,349
Credit institutions430/8€690,349
Trade debts44€1,090
Suppliers440/4€1,090
Other amounts payable47/48€1.8m
Accrued charges and deferred income492/3€54,315
Line2024
Profit (loss) for the period9904-€288,657
+ Depreciation and write-downs630€305,602
Operating cash flow (approximation)€16,944

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Deinze · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,056 m²
Building footprint
334 m²
Volume, LiDAR
1,329 m³
Parcel 44004A0258/00H002, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Gigaro
Casselrylaan 27, 9800 DeinzeRenting and operating of own or leased non-residential real estate, excluding land
since 20232.345.167.713
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44004A0258/00H002 Flanders 2,056 m² 1 · 334 m² 9.2 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-01-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.