GIK
ActiveSummary
GIK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €398,950 and a net result of €35,204. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 75% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-22
Solvency94▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.26 against 2.35 in 2023; short-term debt: 30.8% and cash: 14.6% of total assets), and 31.2% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
61 d late
2021
75 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€398,950▲ 9.7%
2023 · €363,746
Total assets
€580,276▲ 17.6%
2023 · €493,616
Net result
€35,204▼ 69.6%
2023 · €115,983
Working capital
€225,545▲ 30.7%
2023 · €172,533
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€78,555▲ 125%€90,299▲ 15.0%€17,539▼ 80.6%€161,215▲ 819%€45,233▼ 71.9%
Net result€58,004▲ 111%€67,114▲ 15.7%€13,129▼ 80.4%€115,983▲ 783%€35,204▼ 69.6%
Equity€167,519▲ 53.0%€234,633▲ 40.1%€247,762▲ 5.6%€363,746▲ 46.8%€398,950▲ 9.7%
Total assets€321,847▲ 21.4%€334,332▲ 3.9%€502,267▲ 50.2%€493,616▼ 1.7%€580,276▲ 17.6%
Debt€154,328▼ 0.9%€99,699▼ 35.4%€254,505▲ 155%€129,870▼ 49.0%€181,327▲ 39.6%
Working capital€19,549▼ 38.3%€10,954▼ 44.0%€225,854▲ 1,962%€172,533▼ 23.6%€225,545▲ 30.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +783% on 2022. Cause not known from the registers.
- 2022 Total assets +50% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 72% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €580,276
Fixed assets
€175,805 ▼ 9.2%
Current assets
€404,471 ▲ 34.8%
Equity and liabilities €580,276
Equity
€398,950 ▲ 9.7%
Debt
€181,327 ▲ 39.6%
Debt's share of the balance-sheet total rises from 26.3% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,040▼
2023 · €179,954
Cash flow
€53,012▼
2023 · €134,723
Current ratio
2.26▼
2023 · 2.35
Quick ratio
1.11▲
2023 · 1.02
Debt to equity
0.45▲
2023 · 0.36
ROE
8.8%▼
2023 · 31.9%
ROA
6.1%▼
2023 · 23.5%
Interest coverage
55.04▲
2023 · 37.28
Debt ≤ 1 year
€178,927▲
2023 · €127,470
Income taxes
€11,735▼
2023 · €43,491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,175 | €19,051 | €19,051 | €18,739 | €17,808 | ▼ 5.0% |
| Other operating charges640/8 | - | €2,303 | €4,174 | €3,539 | €2,838 | ▼ 19.8% |
| Gross operating margin9900 | €93,657 | €111,652 | €40,763 | €183,493 | €65,878 | ▼ 64.1% |
| Operating profit (loss)9901 | €78,555 | €90,299 | €17,539 | €161,215 | €45,233 | ▼ 71.9% |
| Financial income75/76B | - | €2,498 | €2,928 | €3,087 | €2,852 | ▼ 7.6% |
| Recurring financial income75 | €3,455 | €2,498 | €2,928 | €3,087 | €2,852 | ▼ 7.6% |
| Financial charges65/66B | - | €1,293 | €2,558 | €4,827 | €1,145 | ▼ 76.3% |
| Recurring financial charges65 | €3,171 | €1,293 | €2,558 | €4,827 | €1,145 | ▼ 76.3% |
| Profit (loss) for the period before taxes9903 | €78,838 | €91,504 | €17,908 | €159,475 | €46,939 | ▼ 70.6% |
| Income taxes67/77 | €20,834 | €24,390 | €4,779 | €43,491 | €11,735 | ▼ 73.0% |
| Profit (loss) for the period9904 | €58,004 | €67,114 | €13,129 | €115,983 | €35,204 | ▼ 69.6% |
| Profit (loss) for the period to be appropriated9905 | €58,004 | €67,114 | €13,129 | €115,983 | €35,204 | ▼ 69.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €321,847 | €334,332 | €502,267 | €493,616 | €580,276 | ▲ 17.6% |
| Fixed assets21/28 | €244,870 | €226,079 | €207,028 | €193,613 | €175,805 | ▼ 9.2% |
| Tangible fixed assets22/27 | €244,870 | €226,079 | €207,028 | €193,613 | €175,805 | ▼ 9.2% |
| Land and buildings22 | - | €205,671 | €192,066 | €184,096 | €171,734 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €2,361 | €1,731 | €1,101 | €471 | ▼ 57.2% |
| Furniture and vehicles24 | - | €18,047 | €13,231 | €8,415 | €3,600 | ▼ 57.2% |
| Current assets29/58 | €76,977 | €108,253 | €295,239 | €300,003 | €404,471 | ▲ 34.8% |
| Stocks and contracts in progress3 | - | - | €170,500 | €170,500 | €205,514 | ▲ 20.5% |
| Stocks30/36 | - | - | €170,500 | €170,500 | €205,514 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €63,461 | €88,069 | €71,094 | €95,479 | €112,832 | ▲ 18.2% |
| Trade receivables40 | - | €31,919 | €7,415 | €35,411 | €39,986 | ▲ 12.9% |
| Other amounts receivable41 | - | €56,150 | €63,679 | €60,068 | €72,846 | ▲ 21.3% |
| Cash at bank and in hand54/58 | €13,166 | €19,822 | €44,645 | €34,024 | €84,499 | ▲ 148% |
| Deferred charges and accrued income490/1 | - | €361 | €9,000 | - | €1,626 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €321,847 | €334,332 | €502,267 | €493,616 | €580,276 | ▲ 17.6% |
| Equity10/15 | €167,519 | €234,633 | €247,762 | €363,746 | €398,950 | ▲ 9.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €153,259 | €220,373 | €233,502 | €349,486 | €384,690 | ▲ 10.1% |
| Amounts payable17/49 | €154,328 | €99,699 | €254,505 | €129,870 | €181,327 | ▲ 39.6% |
| Amounts payable after more than one year17 | €95,000 | - | €155,000 | - | - | - |
| Financial debts170/4 | - | - | €155,000 | - | - | - |
| Amounts payable within one year42/48 | €57,428 | €97,299 | €69,385 | €127,470 | €178,927 | ▲ 40.4% |
| Trade debts44 | €6,606 | €18,391 | €6,017 | €50,613 | €100,069 | ▲ 97.7% |
| Suppliers440/4 | - | €18,391 | €6,017 | €50,613 | €100,069 | ▲ 97.7% |
| Taxes, remuneration and social security45 | - | €44,928 | €29,071 | €42,560 | €42,560 | = |
| Taxes450/3 | - | €44,928 | €29,071 | €42,560 | €42,560 | = |
| Other amounts payable47/48 | - | €33,980 | €34,298 | €34,298 | €36,298 | ▲ 5.8% |
| Accrued charges and deferred income492/3 | - | €2,400 | €30,120 | €2,400 | €2,400 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,004 | €67,114 | €13,129 | €115,983 | €35,204 | ▼ 69.6% |
| + Depreciation and write-downs630 | €13,175 | €19,051 | €19,051 | €18,739 | €17,808 | ▼ 5.0% |
| Operating cash flow (approximation) | €71,179 | €86,165 | €32,180 | €134,723 | €53,012 | ▼ 60.7% |
| Investment in fixed assets (approximation) | - | -€260 | €0 | -€5,324 | €0 | ▲ 100% |
| Change in cash | - | €6,656 | €24,823 | -€10,621 | €50,476 | ▲ 575% |
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
2026
12-08
State Gazette act
Registered officeRegistered office clause · Registered-office move3 facts ▸
State Gazette act
Registered office
Registered office clause · Registered-office move3 facts ▸
- Registered office clause, Lieven Bauwensstraat 20, 8200 Brugge
- General meeting, 15-06-2026
- Registered-office move, Lieven Bauwensstraat 28, 8200 Brugge
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €115,983 ▲783%
Operating result €161,215, net result €115,983, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet €13,129 ▼80.4%
Net result drops to €13,129, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.26
Current ratio from 1.11 to 4.26; short-term debt falls from €97,299 to €69,385.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Equity above €200,000Eq €234,633 ▲40.1%
4 profitable years in a row build equity to €234,633.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €150,000Eq €167,519 ▲53%
3 profitable years in a row build equity to €167,519.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €109,515 ▲33.5%
2 profitable years in a row build equity to €109,515.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 248 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2016
Ground area
2,119 m²
Building footprint
123 m²
Volume, LiDAR
580 m³
Parcel 31424B0554/00C000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GIK
since 20162.258.147.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0554/00C000 | Flanders | 2,119 m² | 1 · 123 m² | 6.2 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.
Articles of association
Legal form clause
Besloten vennootschap (BV)
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Of 8,574 companies in sector 43410 we hold annual accounts for 4,367. 3,082 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
Founded09-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660820913
Also
9925:BE0660820913
Registered
02-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.