GIJSELS
ActiveSummary
GIJSELS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €446,359. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 39% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-3
Solvency60▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.75 against 1.08 in 2024; short-term debt: 46.3% and cash: 16.8% of total assets), and 65% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
35%
Return on assets
7.2%
Age of the figures
9 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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
44 d early
2023
16 d early
2022
20 d early
2021
38 d early
2020
58 d early
2019
65 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 43 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Ranst, Construction sector#5 company by equity in Ranst, Construction sector
Equity
€2.2m▼ 18.7%
2024 · €2.7m
Total assets
€6.2m▲ 9.2%
2024 · €5.7m
Net result
€446,359▼ 20.7%
2024 · €563,173
Working capital
-€707,748
2024 · €134,253
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€591,832€755,783▲ 27.7%€749,624▼ 0.8%€929,793▲ 24.0%€767,108▼ 17.5%
Net result€393,718above the sector's middle half€513,436above the sector's middle half▲ 30.4%€483,208above the sector's middle half▼ 5.9%€563,173above the sector's middle half▲ 16.5%€446,359above the sector's middle half▼ 20.7%
Equity€1.6mabove the sector's middle half▲ 13.4%€1.9mabove the sector's middle half▲ 19.5%€2.2mabove the sector's middle half▲ 20.5%€2.7mabove the sector's middle half▲ 19.6%€2.2mabove the sector's middle half▼ 18.7%
Total assets€2.7mabove the sector's middle half▲ 24.2%€3.4mabove the sector's middle half▲ 22.5%€4.2mabove the sector's middle half▲ 23.6%€5.7mabove the sector's middle half▲ 37.0%€6.2mabove the sector's middle half▲ 9.2%
Debt€1.2m▲ 42.1%€1.5m▲ 26.5%€1.9m▲ 27.6%€3.0m▲ 57.6%€4.0m▲ 34.1%
Working capital€266,893within the sector's middle half▼ 39.9%€221,305within the sector's middle half▼ 17.1%€329,680within the sector's middle half▲ 49.0%€134,253within the sector's middle half▼ 59.3%-€707,748below the sector's middle half
Solvency56.7%within the sector's middle half▼ 5.4pp55.3%within the sector's middle half▼ 1.4pp53.9%within the sector's middle half▼ 1.4pp47.0%within the sector's middle half▼ 6.9pp35.0%within the sector's middle half▼ 12.0pp
Current ratio1.41within the sector's middle half▼ 0.801.26within the sector's middle half▼ 0.151.28within the sector's middle half▲ 0.021.08below the sector's middle half▼ 0.200.75below the sector's middle half▼ 0.32
Return on assets (ROA)14.4%above the sector's middle half▲ 15.5pp15.3%above the sector's middle half▲ 0.9pp11.6%within the sector's middle half▼ 3.6pp9.9%within the sector's middle half▼ 1.7pp7.2%within the sector's middle half▼ 2.7pp
Staff (FTE)2below the sector's middle half▼ 35.5%1.9below the sector's middle half▼ 5.0%1below the sector's middle half▼ 47.4%3within the sector's middle half▲ 200%4.3within the sector's middle half▲ 43.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.2m
Fixed assets
€4.0m ▲ 6.7%
Current assets
€2.2m ▲ 14.1%
Equity and liabilities €6.2m
Equity
€2.2m ▼ 18.7%
Provisions
€3,045 ▼ 9.2%
Debt
€4.0m ▲ 34.1%
Debt's share of the balance-sheet total rises from 52.9% to 65.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.3m▲
2024 · €2.1m
Cash flow
€1.9m▲
2024 · €1.7m
Quick ratio
0.74▼
2024 · 1.06
Debt to equity
1.86▲
2024 · 1.13
ROE
20.5%▼
2024 · 21.0%
Interest coverage
20.04▲
2024 · 18.86
Debt ≤ 1 year
€2.9m▲
2024 · €1.8m
Debt > 1 year
€1.2m▼
2024 · €1.2m
Income taxes
€209,555▼
2024 · €268,295
Staff costs
€266,160▲
2024 · €166,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 31,371 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,740 | €0 | - | - |
| Remuneration, social security and pensions62 | €82,441 | €61,864 | €66,832 | €166,711 | €266,160 | ▲ 59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €371,860 | €491,482 | €680,153 | €1.2m | €1.5m | ▲ 26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €15,769 | -€449 | €7,911 | €32,870 | ▲ 315% |
| Other operating charges640/8 | €17,487 | €25,615 | €22,593 | €40,590 | €41,315 | ▲ 1.8% |
| Gross operating margin9900 | €1.1m | €1.4m | €1.5m | €2.3m | €2.6m | ▲ 12.0% |
| Operating profit (loss)9901 | €591,832 | €755,783 | €749,624 | €929,793 | €767,108 | ▼ 17.5% |
| Financial income75/76B | €3,811 | €771 | €7,147 | €12,935 | €1,088 | ▼ 91.6% |
| Recurring financial income75 | €3,811 | €771 | €7,147 | €12,935 | €1,088 | ▼ 91.6% |
| Financial charges65/66B | €25,714 | €30,541 | €49,459 | €111,567 | €112,590 | ▲ 0.9% |
| Recurring financial charges65 | €25,714 | €30,541 | €49,459 | €111,567 | €112,590 | ▲ 0.9% |
| Profit (loss) for the period before taxes9903 | €569,929 | €726,014 | €707,312 | €831,161 | €655,607 | ▼ 21.1% |
| Transfer from deferred taxes780 | €454 | €434 | €429 | €307 | €307 | = |
| Income taxes67/77 | €176,665 | €213,012 | €224,533 | €268,295 | €209,555 | ▼ 21.9% |
| Profit (loss) for the period9904 | €393,718 | €513,436 | €483,208 | €563,173 | €446,359 | ▼ 20.7% |
| Transfer from tax-exempt reserves789 | €40,264 | €786 | €779 | €901 | €901 | = |
| Profit (loss) for the period to be appropriated9905 | €433,982 | €514,222 | €483,987 | €564,074 | €447,260 | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €3.4m | €4.2m | €5.7m | €6.2m | ▲ 9.2% |
| Fixed assets21/28 | €1.8m | €2.3m | €2.6m | €3.8m | €4.0m | ▲ 6.7% |
| Tangible fixed assets22/27 | €1.8m | €2.3m | €2.6m | €3.8m | €4.0m | ▲ 6.7% |
| Land and buildings22 | €1.0m | €1.0m | €1.0m | €962,263 | €947,516 | ▼ 1.5% |
| Plant, machinery and equipment23 | €292,935 | €387,858 | €420,510 | €498,371 | €701,396 | ▲ 40.7% |
| Furniture and vehicles24 | €66,851 | €143,620 | €114,833 | €188,701 | €201,694 | ▲ 6.9% |
| Leasing and similar rights25 | €451,577 | €711,368 | €1.1m | €2.1m | €2.2m | ▲ 2.5% |
| Financial fixed assets28 | €405 | €405 | €405 | €405 | €405 | = |
| Current assets29/58 | €923,694 | €1.1m | €1.5m | €1.9m | €2.2m | ▲ 14.1% |
| Stocks and contracts in progress3 | €21,772 | €27,420 | €32,060 | €30,024 | €37,400 | ▲ 24.6% |
| Stocks30/36 | €21,772 | €27,420 | €32,060 | €30,024 | €37,400 | ▲ 24.6% |
| Amounts receivable within one year40/41 | €490,004 | €517,097 | €725,375 | €905,393 | €980,684 | ▲ 8.3% |
| Trade receivables40 | €465,965 | €501,426 | €700,644 | €853,038 | €980,684 | ▲ 15.0% |
| Other amounts receivable41 | €24,039 | €15,671 | €24,731 | €52,354 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €400,418 | €527,630 | €722,469 | €889,724 | €1.0m | ▲ 17.6% |
| Deferred charges and accrued income490/1 | €11,501 | €2,925 | €23,972 | €78,104 | €107,946 | ▲ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €3.4m | €4.2m | €5.7m | €6.2m | ▲ 9.2% |
| Equity10/15 | €1.6m | €1.9m | €2.2m | €2.7m | €2.2m | ▼ 18.7% |
| Contributions10/11 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €1.5m | €1.8m | €2.2m | €2.6m | €2.1m | ▼ 19.0% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,099 | - | - | - | - | - |
| Other1319 | - | €3,099 | €0 | - | - | - |
| Tax-exempt reserves132 | €9,054 | €8,268 | €7,489 | €6,588 | €5,687 | ▼ 13.7% |
| Distributable reserves133 | €1.5m | €1.8m | €2.2m | €2.6m | €2.1m | ▼ 19.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €4,522 | €4,088 | €3,659 | €3,352 | €3,045 | ▼ 9.2% |
| Deferred taxes168 | €4,522 | €4,088 | €3,659 | €3,352 | €3,045 | ▼ 9.2% |
| Amounts payable17/49 | €1.2m | €1.5m | €1.9m | €3.0m | €4.0m | ▲ 34.1% |
| Amounts payable after more than one year17 | €524,908 | €642,472 | €736,978 | €1.2m | €1.2m | ▼ 7.2% |
| Financial debts170/4 | €524,908 | €642,472 | €736,978 | €1.2m | €1.2m | ▼ 7.2% |
| Amounts payable within one year42/48 | €656,800 | €853,767 | €1.2m | €1.8m | €2.9m | ▲ 62.8% |
| Current portion of amounts payable after more than one year42 | €292,287 | €390,466 | €573,113 | €1.0m | €1.2m | ▲ 20.1% |
| Trade debts44 | €185,950 | €185,674 | €298,530 | €294,829 | €366,344 | ▲ 24.3% |
| Suppliers440/4 | €185,950 | €185,674 | €298,530 | €294,829 | €366,344 | ▲ 24.3% |
| Advances received on contracts in progress46 | €25,000 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €74,837 | €61,738 | €23,255 | €76,663 | €84,352 | ▲ 10.0% |
| Taxes450/3 | €56,920 | €45,483 | €5,003 | €30,791 | €36,959 | ▲ 20.0% |
| Remuneration and social security454/9 | €17,917 | €16,254 | €18,253 | €45,872 | €47,393 | ▲ 3.3% |
| Other amounts payable47/48 | €78,725 | €215,889 | €279,298 | €391,234 | €1.2m | ▲ 212% |
| Accrued charges and deferred income492/3 | €2,589 | €1,976 | €252 | €602 | €4,198 | ▲ 597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €393,718 | €513,436 | €483,208 | €563,173 | €446,359 | ▼ 20.7% |
| + Depreciation and write-downs630 | €371,860 | €491,482 | €680,153 | €1.2m | €1.5m | ▲ 26.8% |
| Operating cash flow (approximation) | €765,578 | €1.0m | €1.2m | €1.7m | €1.9m | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | -€956,854 | -€1.0m | -€2.3m | -€1.7m | ▲ 24.6% |
| Change in cash | - | €127,213 | €194,839 | €167,255 | €156,693 | ▼ 6.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €563,173 ▲16.5%
Operating result €929,793, net result €563,173, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.2m ▲20.5%
3 profitable years in a row build equity to €2.2m.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €393,718
Net result €393,718 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€25,150
Net result drops to -€25,150, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ranst · 2 establishment units since 2002
Ground area
4,388 m²
Building footprint
1,113 m²
Volume, LiDAR
8,519 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Kanaalstraat 17, 2520 Ranst
since 20022.092.832.111
Gijsels BVBA
since 20092.178.176.570
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0507/00G002 | Flanders | 3,023 m² | 1 · 926 m² | 11.0 m · 2 fl. |
| 11015B0306/00G000 | Flanders | 1,364 m² | 1 · 187 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2024 · 1 entry · 126 EUR awarded · 126 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 126 EUR | 126 EUR |
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Company details
Identification
Legal formPrivate limited company
Founded15-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
77399Renting and leasing of other machinery, equipment and tangible goods
43222Installation of electric heating, air conditioning, cooling and ventilation
47552Retail sale of lighting equipment
77229Renting and leasing of other personal and household goods
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467085088
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.