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GILATECH

Active
Private limited companyfounded 2025active for 1 yearBosstraat 128, 3500 Hasselt, BelgiumKBO/BCE: BE 1022.240.042

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 22-07-2026 at the NBB

Turnover
≈ €160,000
Estimated: probably between €130,000 and €210,000
Total assets
€70,619
Net result
€34,594
Working capital
€19,831

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €69,910
Fixed assets €23,994
Current assets €45,916
Equity and liabilities €70,619
Equity €37,594
Debt €33,025
Debt's share of the balance-sheet total is 46.8%.
Key figures and ratios
2025 value
EBITDA
€46,796
Cash flow
€37,526
Current ratio
1.76
Debt to equity
0.88
ROE
92.0%
ROA
49.0%
Interest coverage
over 100
Debt ≤ 1 year
€26,085
Debt > 1 year
€6,940
Income taxes
€8,908

Investments

fixed assets acquired
Item2025
Tangible fixed assets€22,198
Financial fixed assets€2,850
Depreciation and write-downs of the year€2,932

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as GILATECH: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €61,400 and €75,300, founded in 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
GILATECH Hasselt2025€70,619€37,594€46,986€34,5942025
JEBE CONSULTANCY Hasselt2025€75,281€35,380€48,730€32,3802025
Van den Rul Consulting Tessenderlo-Ham2025€62,326€39,734€48,338€38,0672025
IDB CONSULTING Oudsbergen2025€61,376€35,941€45,704€30,9412025
Ad Test Solutions Peer2025€62,581€31,434€42,737€33,9342025
KeyValue IT Beringen2025€62,060€44,290€52,269€41,2902025
BrightBit Solutions Zottegem2025€69,634€38,007€47,740€36,0072025

They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as GILATECH has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of GILATECH itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for GILATECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 47 lines

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€70,619
Formation expenses20€709
Fixed assets21/28€23,994
Tangible fixed assets22/27€21,144
Plant, machinery and equipment23€4,371
Furniture and vehicles24€16,773
Financial fixed assets28€2,850
Current assets29/58€45,916
Amounts receivable within one year40/41€24,263
Trade receivables40€24,189
Other amounts receivable41€73
Cash at bank and in hand54/58€19,332
Deferred charges and accrued income490/1€2,322
Equity and liabilities
Total equity and liabilities10/49€70,619
Equity10/15€37,594
Contributions10/11€3,000
Reserves13€34,500
Distributable reserves133€34,500
Profit (loss) carried forward14€94
Amounts payable17/49€33,025
Amounts payable after more than one year17€6,940
Financial debts170/4€6,940
Amounts payable within one year42/48€26,085
Current portion of amounts payable after more than one year42€7,298
Financial debts43€2,232
Credit institutions430/8€2,232
Trade debts44€515
Suppliers440/4€515
Taxes, remuneration and social security45€15,740
Taxes450/3€13,640
Remuneration and social security454/9€2,100
Other amounts payable47/48€300
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,932
Other operating charges640/8€189
Gross operating margin9900€46,986
Operating profit (loss)9901€43,865
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€370
Recurring financial charges65€370
Profit (loss) for the period before taxes9903€43,502
Income taxes67/77€8,908
Profit (loss) for the period9904€34,594
Profit (loss) for the period to be appropriated9905€34,594
Appropriation of the result
Profit (loss) to be appropriated9906€34,594
Transfer to equity691/2€34,500
To other reserves6921€34,500

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,932
Other operating charges640/8€189
Gross operating margin9900€46,986
Operating profit (loss)9901€43,865
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€370
Recurring financial charges65€370
Profit (loss) for the period before taxes9903€43,502
Income taxes67/77€8,908
Profit (loss) for the period9904€34,594
Profit (loss) for the period to be appropriated9905€34,594
Line2025
Assets
Total assets20/58€70,619
Formation expenses20€709
Fixed assets21/28€23,994
Tangible fixed assets22/27€21,144
Plant, machinery and equipment23€4,371
Furniture and vehicles24€16,773
Financial fixed assets28€2,850
Current assets29/58€45,916
Amounts receivable within one year40/41€24,263
Trade receivables40€24,189
Other amounts receivable41€73
Cash at bank and in hand54/58€19,332
Deferred charges and accrued income490/1€2,322
Equity and liabilities
Total equity and liabilities10/49€70,619
Equity10/15€37,594
Contributions10/11€3,000
Reserves13€34,500
Distributable reserves133€34,500
Profit (loss) carried forward14€94
Amounts payable17/49€33,025
Amounts payable after more than one year17€6,940
Financial debts170/4€6,940
Amounts payable within one year42/48€26,085
Current portion of amounts payable after more than one year42€7,298
Financial debts43€2,232
Credit institutions430/8€2,232
Trade debts44€515
Suppliers440/4€515
Taxes, remuneration and social security45€15,740
Taxes450/3€13,640
Remuneration and social security454/9€2,100
Other amounts payable47/48€300
Line2025
Profit (loss) for the period9904€34,594
+ Depreciation and write-downs630€2,932
Operating cash flow (approximation)€37,526

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 22-07-2026 2026-00315555 NBB

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