GILCOTRANS

Active

Public limited companyfounded 199035 yrs activeDuindistelstraat 4, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0441.636.149

GILCOTRANS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.10M and a net result of €18k. Its solvency ranks better than 89% of 1710 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

86 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▼-20

Solvency95▲+4

Growth52

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €95k at 30 days acceptable

Liquidity ample (current ratio 1.78 against 1.59 in 2023), and 18.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

81.8%

Return on assets

1.4%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

on the day

2023

26 d early

2022

4 d early

2021

2 d early

2020

22 d early

2019

69 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€1.10M▲ 1.7%

2023 · €1.08M

2023: €1.08M

2023 → 2024

Total assets

€1.35M▲ 1.2%

2023 · €1.33M

2023: €1.33M

2023 → 2024

Net result

€18k▼ 70.1%

2023 · €61k

2023: €61k

2023 → 2024

Working capital

€167k▲ 31.1%

2023 · €128k

2023: €128k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€1.08M-€1.10M▲ 1.7%

Operating result€89k-€30k▼ 66.8%

Net result€61k-€18k▼ 70.1%

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 2024; 2024 is 67% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.35M

71.5%

28.5%

Fixed assets €963k▼ 2.5%

Current assets €383k▲ 11.8%

Equity and liabilities €1.35M

81.8%

17.8%

Equity €1.10M▲ 1.7%

Provisions €5k▼ 25.0%

Debt €240k▼ 0.2%

The debt ratio falls from 18.1% to 17.8%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€66k▼

2023 · €123k

Cash flow

€55k▼

2023 · €95k

Solvency

81.8%▲

2023 · 81.5%

Current ratio

1.78▲

2023 · 1.59

Quick ratio

1.78▲

2023 · 1.59

Debt / equity

0.22▼

2023 · 0.22

ROE

1.7%▼

2023 · 5.6%

ROA

1.4%▼

2023 · 4.6%

Interest coverage

4.95▼

2023 · 10.25

Debt

€240k▼

2023 · €240k

Debt ≤ 1 year

€216k▲

2023 · €215k

Debt > 1 year

€20k▼

2023 · €22k

Income taxes

€8k▼

2023 · €14k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€1.33M€1.35M▲

Fixed assets 21/28€987k€963k▼

Tangible fixed assets 22/27€541k€516k▼

Financial fixed assets 28€446k€446k=

Current assets 29/58€342k€383k▲

Amounts receivable within one year 40/41€3k€1k▼

Investments 50/53€200k€200k=

Cash & bank 54/58€134k€176k▲

Total equity & liabilities 10/49€1.33M€1.35M▲

Equity 10/15€1.08M€1.10M▲

Contributions / capital 10/11€106k€106k=

Reserves 13€841k€836k▼

Accumulated profits (losses) 14€137k€159k▲

Provisions & deferred taxes 16€6k€5k▼

Amounts payable 17/49€240k€240k▼

Amounts payable after one year 17€22k€20k▼

Amounts payable within one year 42/48€215k€216k▲

Trade debts payable within one year 44€11k€5k▼

Income statement Code20232024

Gross operating margin 9900€150k€94k▼

Operating result 9901€89k€30k▼

Financial income 75€3k€9k▲

Financial charges 65€12k€13k▲

Result before taxes 9903€81k€25k▼

Income taxes 67/77€14k€8k▼

Net result for the period 9904€61k€18k▼

Result to be appropriated 9905€43k€23k▼

Timeline · acts, filings and financial milestones

All 14Gazette 4Filings 10

2026

10-06

State Gazette act Open capture

General meeting · Officer reappointment · Mandate term · Mandate compensation

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

05-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

27-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

29-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

09-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

08-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 69 days late

30-07

State Gazette act Director changes

v3.2

2019

06-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 6 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

01-02

State Gazette act Statutes amendment

v3.2

2017

17-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

19-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 19 days late

2011

11-10

State Gazette act Director changes

v3.2

State Gazette actNBB filing

4 of 7 acts read

About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 4 have been read. The other 3 have not 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

3 directors, last change in 2020

Guido Gilis

Managing director · since 30-07-2020

Not recently confirmed

Karoline Van Eemeren

Director · since 30-07-2020

Not recently confirmed

Guy Gilis

Managing director · since 01-08-2011

Not recently confirmed

30-07-2020 Guido Gilis: Mandate renewed as Managing director

30-07-2020 Guido Gilis: Mandate renewed as Director

30-07-2020 Karoline Van Eemeren: Mandate renewed as Director

01-08-2011 Guy Gilis: Mandate renewed as Managing director

Not every act has been read: a resignation may be missing here

3 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Knokke-Heist · 2 establishment units since 1990

exact location from the address register On OpenStreetMap

Ground area

1.3 ha

Building footprint

5,518 m²

Volume, LiDAR

2,963 m³

2 parcels, Flanders · tallest building 25.8 m, ±7 floors. Linked by address, not a title deed.

2 establishment units

Duindistelstraat 4, 8300 Knokke-Heist