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GILFI

Active
Public limited companyfounded 1985active for 41 yearsRue Crufer 7, 4970 Stavelot, BelgiumKBO/BCE: BE 0427.120.890
Summary

GILFI has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527,440 and a net result of €117,525. Equity has been shrinking by about 4% per year since 2018. Its solvency ranks better than 42% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 18-04-1985 Normal situation
Activity
Manufacture of food products NACE 10520and 2 others
Joint committees
201 Paritair Comité voor de zelfstandige kleinhandel
118 Paritair Comité voor de voedingsnijverheid · annual accounts 2025
Establishment unit
2.033.526.212 4970 Stavelot, since 06-05-1986
Financial year end
31 December
Peppol
Reachable since 12-12-2025

Board and ownership

Board
  • RONDEHAIEDaily manager · permanent representative GRIGNARD Stéphane
  • CONDORELODirector · since 07-05-2026 · permanent representative GRIGNARD Michel
Shareholders
  • RONDEHAIE· score 8730-06-2026 annual accounts of RONDEHAIE

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€557,130
▼ 13.8%
Turnover
≈ €1.3m
estimated
Profit
€117,525
▼ 16.8%
Equity
€527,440
▼ 1.3%
Total assets
€1.6m
▲ 1.9%
Employees on 31-12-2025
7
▼ 12.5%
  • 2025 accounts filed 49 days after the deadline
Filed on 18-09-2026
Score breakdownraises riskSector: Manufacture of food products (NACE 10)Last filed accounts filed 49 days late; 1 of the last 3 accounts latelowers riskFounded in 1985Liquidity: current ratio 1.69, cash €302,950Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 53% of micro companies in food products (NACE 10)
Financial strength · tick: 2024
Strong
Solvency 58-1
equity 33.3% of total assets
Liquidity 57=
short-term debt 37.0% · cash 19.1%
Profitability 78-2
return on assets 7.4%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,081 companies, NACE 10, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.3%▼ -0.1 percentage points vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.69 (1.69 in 2024), above the usual 1.5. Short-term debt is 37% and cash 19.1% of total assets. However, 66.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro). It does better than 51% of them on solvency, 61% on liquidity, 63% on profitability and 36% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1985
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Last filed accounts filed 49 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.69, cash €302,950
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
49 days late
2024
15 days early
2023
12 days early
2022
24 days early
2021
41 days early
2020
60 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 2nd oldest company in Stavelot, Manufacturing sectorin the Checked rankings No. 2 View
  • Positive: 8 profitable years in a rowprofit 2025: €117,525 8 years View
  • New directorslatest change 07-05-2026 · 2 in office 2 joined View

Recent changes

  1. · Gazette deed Permanent representatives: GRIGNARD Stéphane and GRIGNARD MichelAppointments: RONDEHAIE (director) and CONDORELO (director)
  2. · Gazette deed Changes of role: Joachim DEROUAUX (director) and Stéphane GRIGNARD (director)
  3. · Gazette deed Resignations: René GILSON, Eric GILSON and Benoît GILSONReappointments: Eric GILSON (director) and Benoît GILSON (director) · Appointments: Joachim DEROUAUX (director) and Stéphane GRIGNARD (director)
All 17 events

Comparable companies

These companies have the same main activity as GILFI: manufacture of food products (NACE 10520). They are comparable in size and age: total assets between €1.1m and €2.7m, founded between 1978 and 2003.

CompanyTotal assetsGross margin
GILFI Stavelot€1.6m€0.6m
B'NICE Beerse€1.1m€0.5m
IJSROOSJE Scherpenheuvel-Zichem€2.0m€0.6m
ijstijd Oudenburg€1.3m€0.6m
DV ICE Lanaken€1.2m€0.5m
MESTDAGH Veurne€1.5m€0.7m
VOERKE IJS Wellen€2.7m€1.0m
Full comparison

Key facts about GILFI

What is the company number of GILFI?
The company number of GILFI is 0427.120.890. The VAT number is the same number with BE in front: BE 0427.120.890.
Where is GILFI based?
The registered office is at Rue Crufer 7, 4970 Stavelot.Company details
What does GILFI do?
According to the KBO register, the main activity is manufacture of food products (NACE 10520).
What is the legal form of GILFI?
The legal form of GILFI is Public limited company (NV).
When was GILFI founded?
GILFI was founded on 18-04-1985.
Is GILFI still active?
Yes, GILFI is an active enterprise in the KBO register.
How many employees does GILFI have?
GILFI had an average of 5.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does GILFI fall under?
In its 2025 annual accounts, GILFI states joint committees 201 (Paritair Comité voor de zelfstandige kleinhandel) and 118 (Paritair Comité voor de voedingsnijverheid).
What is the turnover of GILFI?
The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €557,130 and 2,285 comparable companies of the same size. It probably lies between €790,000 and €2.2m. It is a rough estimate.
Is GILFI profitable?
In financial year 2025, GILFI made a profit of €117,525.
Where can I find the annual accounts of GILFI?
GILFI filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GILFI due?
GILFI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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