GIKA
ActiveSummary
GIKA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €775,506 and a net result of €97,474. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 18230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Financials · fiscal year 2025, micro schema
In the rankings
#3 company by equity in Theux, Health and social work sector#4 company by total assets in Theux, Health and social work sector#10 oldest company in Theux, Health and social work sector
Equity
€775,506▲ 14.2%
2024 · €678,865
Total assets
€880,212▲ 9.6%
2024 · €803,298
Net result
€97,474▲ 7.8%
2024 · €90,424
Working capital
€511,456▲ 32.8%
2024 · €385,216
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 86, Human health 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€80,197▼ 5.7%€115,156▲ 43.6%€129,196▲ 12.2%€132,802▲ 2.8%€136,253▲ 2.6%
Net result€55,283within the sector's middle half▼ 4.5%€77,374within the sector's middle half▲ 40.0%€91,635within the sector's middle half▲ 18.4%€90,424within the sector's middle half▼ 1.3%€97,474within the sector's middle half▲ 7.8%
Equity€506,868above the sector's middle half▲ 12.2%€584,242above the sector's middle half▲ 15.3%€677,501above the sector's middle half▲ 16.0%€678,865above the sector's middle half▲ 0.2%€775,506above the sector's middle half▲ 14.2%
Total assets€572,926within the sector's middle half▲ 4.6%€653,562above the sector's middle half▲ 14.1%€748,918above the sector's middle half▲ 14.6%€803,298above the sector's middle half▲ 7.3%€880,212above the sector's middle half▲ 9.6%
Debt€66,059▼ 31.4%€69,319▲ 4.9%€71,417▲ 3.0%€124,432▲ 74.2%€104,705▼ 15.9%
Working capital€226,681within the sector's middle half▲ 27.1%€271,142above the sector's middle half▲ 19.6%€367,754above the sector's middle half▲ 35.6%€385,216above the sector's middle half▲ 4.7%€511,456above the sector's middle half▲ 32.8%
Solvency88.5%above the sector's middle half▲ 6.0pp89.4%above the sector's middle half▲ 0.9pp90.5%above the sector's middle half▲ 1.1pp84.5%within the sector's middle half▼ 6.0pp88.1%above the sector's middle half▲ 3.6pp
Current ratio5.18within the sector's middle half▲ 2.125.00within the sector's middle half▼ 0.176.74within the sector's middle half▲ 1.734.23within the sector's middle half▼ 2.516.21within the sector's middle half▲ 1.98
Return on assets (ROA)9.6%within the sector's middle half▼ 0.9pp11.8%within the sector's middle half▲ 2.2pp12.2%within the sector's middle half▲ 0.4pp11.3%within the sector's middle half▼ 1.0pp11.1%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €880,212
Fixed assets
€270,577 ▼ 9.4%
Current assets
€609,634 ▲ 20.8%
Equity and liabilities €880,212
Equity
€775,506 ▲ 14.2%
Debt
€104,705 ▼ 15.9%
Debt's share of the balance-sheet total falls from 15.5% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€165,586▲
2024 · €163,539
Cash flow
€126,807▲
2024 · €121,161
Debt to equity
0.14▼
2024 · 0.18
ROE
12.6%▼
2024 · 13.3%
Interest coverage
17.93▼
2024 · 25.71
Debt ≤ 1 year
€98,178▼
2024 · €119,420
Income taxes
€44,528▲
2024 · €39,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,366 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 17,811 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,376 | €23,826 | €29,799 | €30,737 | €29,333 | ▼ 4.6% |
| Other operating charges640/8 | €2,671 | €2,889 | €3,044 | €3,016 | €3,276 | ▲ 8.6% |
| Gross operating margin9900 | €106,243 | €141,871 | €162,039 | €166,555 | €168,862 | ▲ 1.4% |
| Operating profit (loss)9901 | €80,197 | €115,156 | €129,196 | €132,802 | €136,253 | ▲ 2.6% |
| Financial income75/76B | €1 | €2,388 | €1,862 | €3,242 | €14,983 | ▲ 362% |
| Recurring financial income75 | €1 | €2,388 | €1,862 | €3,242 | €14,983 | ▲ 362% |
| Financial charges65/66B | €3,516 | €5,357 | €440 | €6,360 | €9,234 | ▲ 45.2% |
| Recurring financial charges65 | €3,516 | €5,357 | €440 | €6,360 | €9,234 | ▲ 45.2% |
| Profit (loss) for the period before taxes9903 | €76,681 | €112,186 | €130,619 | €129,684 | €142,002 | ▲ 9.5% |
| Income taxes67/77 | €21,398 | €34,812 | €38,984 | €39,260 | €44,528 | ▲ 13.4% |
| Profit (loss) for the period9904 | €55,283 | €77,374 | €91,635 | €90,424 | €97,474 | ▲ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €55,283 | €77,374 | €91,635 | €90,424 | €97,474 | ▲ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €572,926 | €653,562 | €748,918 | €803,298 | €880,212 | ▲ 9.6% |
| Fixed assets21/28 | €291,995 | €314,717 | €317,076 | €298,662 | €270,577 | ▼ 9.4% |
| Tangible fixed assets22/27 | €291,995 | €314,717 | €317,076 | €298,662 | €270,577 | ▼ 9.4% |
| Land and buildings22 | €78,876 | €78,548 | €78,220 | €77,893 | €77,565 | ▼ 0.4% |
| Plant, machinery and equipment23 | €32,471 | €31,765 | €22,323 | €15,050 | €6,937 | ▼ 53.9% |
| Furniture and vehicles24 | €4,319 | €2,777 | €1,562 | €1,448 | €1,762 | ▲ 21.7% |
| Other tangible fixed assets26 | €176,329 | €201,626 | €214,970 | €204,271 | €184,314 | ▼ 9.8% |
| Current assets29/58 | €280,932 | €338,845 | €431,842 | €504,636 | €609,634 | ▲ 20.8% |
| Amounts receivable within one year40/41 | €4,130 | - | - | - | - | - |
| Other amounts receivable41 | €4,130 | - | - | - | - | - |
| Current investments50/53 | €50,094 | €77,353 | €189,664 | €176,822 | €288,808 | ▲ 63.3% |
| Cash at bank and in hand54/58 | €188,335 | €247,730 | €222,268 | €325,951 | €318,951 | ▼ 2.1% |
| Deferred charges and accrued income490/1 | €38,373 | €13,762 | €19,910 | €1,862 | €1,875 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €572,926 | €653,562 | €748,918 | €803,298 | €880,212 | ▲ 9.6% |
| Equity10/15 | €506,868 | €584,242 | €677,501 | €678,865 | €775,506 | ▲ 14.2% |
| Contributions10/11 | €106,800 | €106,800 | €106,800 | €29,280 | €29,280 | = |
| Reserves13 | €399,760 | €477,440 | €570,387 | €649,268 | €745,909 | ▲ 14.9% |
| Non-distributable reserves130/1 | €10,680 | €10,680 | €10,680 | - | - | - |
| Reserves not available under the articles1311 | €10,680 | €10,680 | €10,680 | - | - | - |
| Distributable reserves133 | €389,080 | €466,760 | €559,707 | €649,268 | €745,909 | ▲ 14.9% |
| Profit (loss) carried forward14 | €308 | €2 | €314 | €317 | €317 | = |
| Amounts payable17/49 | €66,059 | €69,319 | €71,417 | €124,432 | €104,705 | ▼ 15.9% |
| Amounts payable within one year42/48 | €54,251 | €67,703 | €64,088 | €119,420 | €98,178 | ▼ 17.8% |
| Trade debts44 | €6,791 | €5,282 | €7,750 | €5,486 | €2,209 | ▼ 59.7% |
| Suppliers440/4 | €6,791 | €5,282 | €7,750 | €5,486 | €2,209 | ▼ 59.7% |
| Taxes, remuneration and social security45 | €6,528 | €23,925 | €34,905 | €8,677 | €13,434 | ▲ 54.8% |
| Taxes450/3 | €6,528 | €23,925 | €34,905 | €5,277 | €6,034 | ▲ 14.3% |
| Remuneration and social security454/9 | - | - | - | €3,400 | €7,400 | ▲ 118% |
| Other amounts payable47/48 | €40,933 | €38,496 | €21,433 | €105,257 | €82,535 | ▼ 21.6% |
| Accrued charges and deferred income492/3 | €11,808 | €1,616 | €7,329 | €5,012 | €6,527 | ▲ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,283 | €77,374 | €91,635 | €90,424 | €97,474 | ▲ 7.8% |
| + Depreciation and write-downs630 | €23,376 | €23,826 | €29,799 | €30,737 | €29,333 | ▼ 4.6% |
| Operating cash flow (approximation) | €78,659 | €101,200 | €121,434 | €121,161 | €126,807 | ▲ 4.7% |
| Investment in fixed assets (approximation) | - | -€46,548 | -€32,158 | -€12,324 | -€1,248 | ▲ 89.9% |
| Change in cash | - | €59,394 | -€25,462 | €103,683 | -€7,000 | ▼ 107% |
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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Of 16,631 companies in this sector we hold annual accounts for 8,049. 6,081 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector