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GIGATEK

Active
Private limited companyfounded 199134 yrs activeRoggemanskaai (Felix) 7 D, 1501 Halle, BelgiumKBO/BCE: BE 0445.959.973
Summary

GIGATEK has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,173 and a net result of -€20,427. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 15% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability33▼-37
Solvency32▼-4
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.13 in 2024; short-term debt: 92.8% and cash: 12% of total assets), and 92.8% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
7.2%
Return on assets
-2%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8160 sector peers (2025).
NBB · sector comparison
Position among 8160 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
7 d early
2023
4 d early
2022
on the day
2021
2 d late
2020
16 d late
2019
78 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 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

GIGATEK was incorporated on 23 December 1991.1 Total assets rose from EUR 100,658 in 2019 to EUR 1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€74,173▼ 21.6%
2024 · €94,600
Total assets
€1.0m▲ 24.8%
2024 · €828,258
Net result
-€20,427
2024 · €11,035
Working capital
€74,173▼ 21.6%
2024 · €94,600
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€59,475▼ 1,287%€39,187€22,260▼ 43.2%€11,390▼ 48.8%€16,295▲ 43.1%
Net result-€57,664below the sector's middle half▼ 1,259%€34,891above the sector's middle half€19,706within the sector's middle half▼ 43.5%€11,035within the sector's middle half▼ 44.0%-€20,427below the sector's middle half
Equity€28,967within the sector's middle half▼ 66.6%€63,858within the sector's middle half▲ 120%€83,564within the sector's middle half▲ 30.9%€94,600below the sector's middle half▲ 13.2%€74,173below the sector's middle half▼ 21.6%
Total assets€60,781below the sector's middle half▼ 38.2%€87,051within the sector's middle half▲ 43.2%€96,756within the sector's middle half▲ 11.1%€828,258within the sector's middle half▲ 756%€1.0mwithin the sector's middle half▲ 24.8%
Debt€31,815▲ 171%€23,193▼ 27.1%€13,192▼ 43.1%€733,659▲ 5,461%€959,872▲ 30.8%
Working capital-€12,303below the sector's middle half€32,782within the sector's middle half€63,176within the sector's middle half▲ 92.7%€94,600within the sector's middle half▲ 49.7%€74,173within the sector's middle half▼ 21.6%
Solvency47.7%within the sector's middle half▼ 40.4pp73.4%above the sector's middle half▲ 25.7pp86.4%above the sector's middle half▲ 13.0pp11.4%below the sector's middle half▼ 74.9pp7.2%below the sector's middle half▼ 4.2pp
Current ratio0.61below the sector's middle half▼ 7.742.41within the sector's middle half▲ 1.805.79above the sector's middle half▲ 3.381.13below the sector's middle half▼ 4.661.08below the sector's middle half▼ 0.05
Return on assets (ROA)-94.9%below the sector's middle half▼ 90.6pp40.1%above the sector's middle half▲ 135.0pp20.4%above the sector's middle half▼ 19.7pp1.3%within the sector's middle half▼ 19.0pp-2.0%below the sector's middle half▼ 3.3pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€75,000-€50,000-€25,000€0€25,000€50,000Operating result 2021: -€59,475-€59,475Net result 2021: -€57,664-€57,664Operating result 2022: €39,187€39,187Net result 2022: €34,891€34,891Operating result 2023: €22,260€22,260Net result 2023: €19,706€19,706Operating result 2024: €11,390€11,390Net result 2024: €11,035€11,035Operating result 2025: €16,295€16,295Net result 2025: -€20,427-€20,42720212022202320242025-€40,000-€20,000€0€20,000Operating result 2023: €22,260€22,300Net result 2023: €19,706€19,700Operating result 2024: €11,390€11,400Net result 2024: €11,035€11,000Operating result 2025: €16,295€16,300Net result 2025: -€20,427-€20,400202320242025
The operating result recovers in 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.0m
Equity €74,173 ▼ 21.6%
Debt €959,872 ▲ 30.8%
Debt's share of the balance-sheet total rises from 88.6% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
12.94▲
2024 · 7.76
ROE
-27.5%▼
2024 · 11.7%
Debt ≤ 1 year
€959,872▲
2024 · €733,659
Income taxes
€0▼
2024 · €247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,104 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a small loss
1.5% went bankrupt
3.5% stopped otherwise
94% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,104 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 · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€828,258€1.0m▲
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Current assets29/58€828,258€1.0m▲
Amounts receivable within one year40/41€757,202€909,468▲
Trade receivables40€0-
Other amounts receivable41€757,202€909,468▲
Cash at bank and in hand54/58€71,056€124,578▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€828,258€1.0m▲
Equity10/15€94,600€74,173▼
Contributions10/11€22,310€22,310=
Reserves13€67,864€56,829▼
Non-distributable reserves130/1€2,231€2,231=
Reserves not available under the articles1311€2,231€2,231=
Distributable reserves133€65,633€54,598▼
Profit (loss) carried forward14€4,425-€4,966▼
Amounts payable17/49€733,659€959,872▲
Amounts payable within one year42/48€733,659€959,872▲
Trade debts44€703,333€959,872▲
Suppliers440/4€703,333€959,872▲
Taxes, remuneration and social security45€30,325€0▼
Taxes450/3€30,325€0▼
Other amounts payable47/48€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€1,133€633▼
Non-recurring operating charges66A€2,289€0▼
Gross operating margin9900€14,813€16,929▲
Operating profit (loss)9901€11,390€16,295▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€108€36,722▲
Recurring financial charges65€108€36,722▲
Profit (loss) for the period before taxes9903€11,283-€20,427▼
Income taxes67/77€247€0▼
Profit (loss) for the period9904€11,035-€20,427▼
Profit (loss) for the period to be appropriated9905€11,035-€20,427▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,461-€16,001▼
Profit (loss) brought forward from the previous period14P€4,425€4,425=
Transfer from equity791/2-€11,035
Transfer to equity691/2€11,035€0▼
To other reserves6921€11,035€0▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€200----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,194€10,194€10,194€0--
Other operating charges640/8-€952€971€1,133€633▼ 44.1%
Non-recurring operating charges66A---€2,289€0▼ 100%
Gross operating margin9900-€46,916€50,333€33,425€14,813€16,929▲ 14.3%
Operating profit (loss)9901-€59,475€39,187€22,260€11,390€16,295▲ 43.1%
Financial income75/76B-€5€1€0--
Recurring financial income75€390€5€1€0--
Financial charges65/66B-€81€94€108€36,722▲ 34,041%
Recurring financial charges65€79€81€94€108€36,722▲ 34,041%
Profit (loss) for the period before taxes9903-€59,164€39,111€22,167€11,283-€20,427▼ 281%
Income taxes67/77-€1,500€4,219€2,460€247€0▼ 100%
Profit (loss) for the period9904-€57,664€34,891€19,706€11,035-€20,427▼ 285%
Profit (loss) for the period to be appropriated9905-€57,664€34,891€19,706€11,035-€20,427▼ 285%
Line20212022202320242025Change
Assets
Total assets20/58€60,781€87,051€96,756€828,258€1.0m▲ 24.8%
Fixed assets21/28€41,270€31,076€20,389€0--
Tangible fixed assets22/27€40,777€30,583€20,389€0--
Furniture and vehicles24-€30,583€20,389€0--
Financial fixed assets28€493€493----
Current assets29/58€19,511€55,975€76,368€828,258€1.0m▲ 24.8%
Amounts receivable within one year40/41€867€8,525€3,933€757,202€909,468▲ 20.1%
Trade receivables40-€8,525€3,802€0--
Other amounts receivable41--€132€757,202€909,468▲ 20.1%
Cash at bank and in hand54/58€18,644€47,165€72,016€71,056€124,578▲ 75.3%
Deferred charges and accrued income490/1-€285€418€0--
Equity and liabilities
Total equity and liabilities10/49€60,781€87,051€96,756€828,258€1.0m▲ 24.8%
Equity10/15€28,967€63,858€83,564€94,600€74,173▼ 21.6%
Contributions10/11-€22,310€22,310€22,310€22,310=
Reserves13€2,231€37,122€56,829€67,864€56,829▼ 16.3%
Non-distributable reserves130/1-€2,231€2,231€2,231€2,231=
Reserves not available under the articles1311-€2,231€2,231€2,231€2,231=
Distributable reserves133-€34,891€54,598€65,633€54,598▼ 16.8%
Profit (loss) carried forward14€4,425€4,425€4,425€4,425-€4,966▼ 212%
Amounts payable17/49€31,815€23,193€13,192€733,659€959,872▲ 30.8%
Amounts payable within one year42/48€31,815€23,193€13,192€733,659€959,872▲ 30.8%
Trade debts44€1,349€815€199€703,333€959,872▲ 36.5%
Suppliers440/4-€815€199€703,333€959,872▲ 36.5%
Taxes, remuneration and social security45-€5,554€2,460€30,325€0▼ 100%
Taxes450/3-€5,554€2,460€30,325€0▼ 100%
Other amounts payable47/48-€16,824€10,532€0--
Line20212022202320242025Change
Profit (loss) for the period9904-€57,664€34,891€19,706€11,035-€20,427▼ 285%
+ Depreciation and write-downs630€10,194€10,194€10,194€0--
Operating cash flow (approximation)-€47,470€45,086€29,901€11,035-€20,427▼ 285%
Investment in fixed assets (approximation)-€0€493€20,389--
Change in cash-€28,521€24,852-€960€53,521▲ 5,676%

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 31-10-2026
2025
29-10
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
24-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Liquidity doublescurrent ratio 5.79
Current ratio from 2.41 to 5.79; short-term debt falls from €23,193 to €13,192.
2022
31-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial Back to profitnet €34,891
Net result €34,891 after 3 loss-making years.
31-03
Financial Liquidity quadruplescurrent ratio 2.41
Current ratio from 0.61 to 2.41; short-term debt falls from €31,815 to €23,193.
2021
02-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial Weakest financial yearnet -€57,664
Net result drops to -€57,664, the lowest in the series; recovery starts the following year.
2020
16-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2019
14-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
02-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2017
03-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
12-08
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.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Halle · 1 establishment unit since 1992
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.

Roggemanskaai (Felix) 7 D1501 Halle
1 establishment unit
GIGATEK ELECTRONICS
Roggemanskaai (Felix) 7, 1501 HalleAir transport
since 19922.056.093.261

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

The accounts to 31-03-2025 list no holdings, and no other source names one.

According to the annual accounts to 31-03-2025 of GIGATEK and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Dual-learning approval

3 live approvals
Commercieel assistent (vwo)
Goedgekeurd · 2025 to 2030
Commercieel assistent duaal (so)
Goedgekeurd · 2025 to 2030
Commerciële organisatie duaal (so)
Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

Of 1,244 companies in sector 46643 we hold annual accounts for 955. 526 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-12-1991
Fiscal year end31-03
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0445959973
Also 9925:BE0445959973
Registered 28-11-2025

Register as of 28 September 2026 · Peppol Directory

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