Gilco
ActiveSummary
Gilco has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €854,021 and a net result of -€8,895. Equity is growing by ~13.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-3
Solvency59=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 8.68 against 11.65 in 2024; short-term debt: 5.1% and cash: 0.4% of total assets), but 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 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
33.8%
Return on assets
-0.4%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
29 d late
2022
11 d late
2021
61 d early
2020
47 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€854,021▼ 4.6%
2024 · €895,456
Total assets
€2.5m▼ 2.6%
2024 · €2.6m
Net result
-€8,895▲ 64.1%
2024 · -€24,792
Working capital
€994,688▼ 2.9%
2024 · €1.0m
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
Line20212022202320242025
Operating result€1.4m▲ 3,359%-€17,662-€15,956▲ 9.7%-€25,387▼ 59.1%-€19,819▲ 21.9%
Net result€1.0m▲ 3,456%-€23,656-€21,910▲ 7.4%-€24,792▼ 13.2%-€8,895▲ 64.1%
Equity€1.0m▲ 4,600%€978,328▼ 4.0%€936,892▼ 4.2%€895,456▼ 4.4%€854,021▼ 4.6%
Total assets€2.9m▲ 990%€2.8m▼ 4.2%€2.7m▼ 3.6%€2.6m▼ 3.5%€2.5m▼ 2.6%
Debt€1.6m▲ 849%€1.5m▼ 4.4%€1.4m▼ 3.0%€1.4m▼ 2.7%€1.4m▼ 0.8%
Working capital€1.2m€1.1m▼ 5.7%€1.1m▼ 3.9%€1.0m▼ 3.0%€994,688▼ 2.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,819 in 2025 against €25,387 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.4m ▼ 4.7%
Current assets
€1.1m ▲ 0.3%
Equity and liabilities €2.5m
Equity
€854,021 ▼ 4.6%
Provisions
€277,443 ▼ 4.7%
Debt
€1.4m ▼ 0.8%
Debt's share of the balance-sheet total rises from 54.3% to 55.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€51,124▲
2024 · €45,119
Cash flow
€62,048▲
2024 · €45,714
Current ratio
8.68▼
2024 · 11.65
Debt to equity
1.64▲
2024 · 1.57
ROE
-1.0%▲
2024 · -2.8%
ROA
-0.4%▲
2024 · -1.0%
Interest coverage
1.73▼
2024 · 2.23
Debt ≤ 1 year
€129,582▲
2024 · €96,206
Debt > 1 year
€1.3m▼
2024 · €1.3m
Income taxes
€18,043▲
2024 · €6,721
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 8,594 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 | €1.4m | €4,500 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,209 | €64,737 | €69,815 | €70,506 | €70,943 | ▲ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | -€2,879 | €0 | - | - |
| Other operating charges640/8 | €32,021 | €4,726 | €7,886 | €7,064 | €24,853 | ▲ 252% |
| Non-recurring operating charges66A | €306 | €0 | - | - | - | - |
| Gross operating margin9900 | €1.4m | €51,802 | €58,866 | €52,183 | €75,977 | ▲ 45.6% |
| Operating profit (loss)9901 | €1.4m | -€17,662 | -€15,956 | -€25,387 | -€19,819 | ▲ 21.9% |
| Financial income75/76B | €11,370 | €7,963 | €8,694 | €13,755 | €44,656 | ▲ 225% |
| Recurring financial income75 | €7,271 | €7,963 | €8,694 | €13,755 | €44,656 | ▲ 225% |
| Non-recurring financial income76B | €4,099 | €0 | - | - | - | - |
| Financial charges65/66B | €8,524 | €21,490 | €20,875 | €20,252 | €29,501 | ▲ 45.7% |
| Recurring financial charges65 | €8,524 | €21,490 | €20,875 | €20,252 | €29,501 | ▲ 45.7% |
| Profit (loss) for the period before taxes9903 | €1.4m | -€31,190 | -€28,137 | -€31,884 | -€4,664 | ▲ 85.4% |
| Transfer from deferred taxes780 | €12,661 | €13,733 | €13,812 | €13,812 | €13,812 | = |
| Transfer to deferred taxes680 | €345,273 | €0 | - | - | - | - |
| Income taxes67/77 | €14,260 | €6,199 | €7,585 | €6,721 | €18,043 | ▲ 168% |
| Profit (loss) for the period9904 | €1.0m | -€23,656 | -€21,910 | -€24,792 | -€8,895 | ▲ 64.1% |
| Transfer from tax-exempt reserves789 | €37,983 | €41,198 | €41,436 | €41,436 | €41,436 | = |
| Transfer to tax-exempt reserves689 | €1.0m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €38,157 | €17,542 | €19,525 | €16,643 | €32,541 | ▲ 95.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 2.6% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 4.7% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 4.7% |
| Land and buildings22 | €1.6m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 4.3% |
| Furniture and vehicles24 | - | €31,909 | €25,181 | €18,452 | €11,724 | ▼ 36.5% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €110,818 | €139,706 | €194,169 | €262,930 | €339,936 | ▲ 29.3% |
| Trade receivables40 | €985 | €605 | €0 | - | - | - |
| Other amounts receivable41 | €109,832 | €139,102 | €194,169 | €262,930 | €339,936 | ▲ 29.3% |
| Current investments50/53 | €752,499 | €807,995 | €808,000 | €808,000 | €772,622 | ▼ 4.4% |
| Cash at bank and in hand54/58 | €420,762 | €243,601 | €143,867 | €49,219 | €10,731 | ▼ 78.2% |
| Deferred charges and accrued income490/1 | €723 | €689 | €903 | €947 | €982 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 2.6% |
| Equity10/15 | €1.0m | €978,328 | €936,892 | €895,456 | €854,021 | ▼ 4.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1.0m | €959,736 | €918,300 | €876,864 | €835,429 | ▼ 4.7% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €999,075 | €957,876 | €916,441 | €875,005 | €833,569 | ▼ 4.7% |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €332,612 | €318,879 | €305,067 | €291,255 | €277,443 | ▼ 4.7% |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | €0 | - | - | - | - | - |
| Deferred taxes168 | €332,612 | €318,879 | €305,067 | €291,255 | €277,443 | ▼ 4.7% |
| Amounts payable17/49 | €1.6m | €1.5m | €1.4m | €1.4m | €1.4m | ▼ 0.8% |
| Amounts payable after more than one year17 | €1.4m | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 3.4% |
| Financial debts170/4 | €1.4m | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 3.4% |
| Amounts payable within one year42/48 | €118,798 | €92,808 | €90,458 | €96,206 | €129,582 | ▲ 34.7% |
| Current portion of amounts payable after more than one year42 | €42,287 | €42,904 | €43,531 | €44,166 | €44,810 | ▲ 1.5% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €984 | €92 | €4,540 | €2,568 | €3,475 | ▲ 35.3% |
| Suppliers440/4 | €984 | €92 | €4,540 | €2,568 | €3,475 | ▲ 35.3% |
| Taxes, remuneration and social security45 | €25,760 | €14,319 | €0 | €1,720 | €11,402 | ▲ 563% |
| Taxes450/3 | €25,760 | €14,319 | €0 | €1,720 | €11,402 | ▲ 563% |
| Other amounts payable47/48 | €49,767 | €35,492 | €42,387 | €47,752 | €69,895 | ▲ 46.4% |
| Accrued charges and deferred income492/3 | €749 | €670 | €1,440 | €231 | €239 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | -€23,656 | -€21,910 | -€24,792 | -€8,895 | ▲ 64.1% |
| + Depreciation and write-downs630 | €25,209 | €64,737 | €69,815 | €70,506 | €70,943 | ▲ 0.6% |
| Operating cash flow (approximation) | €1.1m | €41,081 | €47,904 | €45,714 | €62,048 | ▲ 35.7% |
| Investment in fixed assets (approximation) | - | -€33,642 | -€14,510 | -€1,475 | -€1,094 | ▲ 25.8% |
| Change in cash | - | -€177,161 | -€99,734 | -€94,648 | -€38,488 | ▲ 59.3% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€24,792
Net result drops to -€24,792, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €1.0m ▲3,456%
Operating result €1.4m, net result €1.0m, both a record.
31-12
Financial
Liquidity times 11current ratio 10.82
Current ratio from 0.96 to 10.82; short-term debt falls from €154,282 to €118,798.
31-12
Financial
Equity above €1mEq €1.0m ▲4,600%
4 profitable years in a row build equity to €1.0m.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Landen · 1 establishment unit since 1982
Ground area
2,494 m²
Building footprint
1,182 m²
Volume, LiDAR
7,671 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oude Keerbergsebaan 2, 2820 Bonheiden
since 19822.021.454.462
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0276/00Y000 | Flanders | 1,709 m² | 1 · 1,044 m² | 8.6 m · 2 fl. |
| 24079A0473/00N002 | Flanders | 786 m² | 1 · 138 m² | 10.2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-01-1970
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.