GILFI
ActiveGILFI has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €534k and a net result of €141k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 47% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-1
Solvency59▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.83 in 2023; short-term debt: 34.8% and cash: 18.2% of total assets), but 65.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
12 d early
2022
24 d early
2021
41 d early
2020
60 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€141k▼ 1.0%
2023 · €143k
2018: €60k
2019: €103k
2020: €28k
2021: €71k
2022: €186k
2023: €143k
2018 → 2024
Working capital
€373k▲ 13.2%
2023 · €330k
2018: €156k
2019: €254k
2020: €323k
2021: €352k
2022: €500k
2023: €330k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€758k-€773k▲ 1.9%€754k▼ 2.4%€542k▼ 28.1%€534k▼ 1.5%
Operating result€41k-€93k▲ 125%€252k▲ 171%€209k▼ 17.1%€194k▼ 7.1%
Net result€28k-€71k▲ 157%€186k▲ 161%€143k▼ 23.2%€141k▼ 1.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.55M
Fixed assets
€641k▼ 13.6%
Current assets
€913k▲ 26.0%
Equity and liabilities €1.55M
Equity
€534k▼ 1.5%
Provisions
€6k▼ 33.3%
Debt
€1.01M▲ 10.8%
The debt ratio rises from 62.4% to 65.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€295k▼
2023 · €332k
Cash flow
€242k▼
2023 · €266k
Solvency
34.4%▼
2023 · 37.0%
Current ratio
1.69▼
2023 · 1.83
Quick ratio
1.41▼
2023 · 1.46
Debt / equity
1.90▲
2023 · 1.69
ROE
26.4%▲
2023 · 26.3%
ROA
9.1%▼
2023 · 9.7%
Interest coverage
16.15▼
2023 · 16.35
Debt
€1.01M▲
2023 · €915k
Debt ≤ 1 year
€540k▲
2023 · €395k
Debt > 1 year
€474k▼
2023 · €520k
Income taxes
€49k▼
2023 · €53k
Staff costs
€323k▼
2023 · €324k
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
Assets
Total assets20/58€1.47M€1.55M▲
Fixed assets21/28€741k€641k▼
Tangible fixed assets22/27€416k€315k▼
Land and buildings22€305k€240k▼
Plant, machinery and equipment23€46k€27k▼
Furniture and vehicles24€64k€48k▼
Financial fixed assets28€326k€326k=
Current assets29/58€725k€913k▲
Stocks and contracts in progress3€148k€149k▲
Stocks30/36€148k€149k▲
Amounts receivable within one year40/41€282k€310k▲
Trade receivables40€271k€293k▲
Other amounts receivable41€12k€17k▲
Current investments50/53-€150k
Cash at bank and in hand54/58€293k€283k▼
Deferred charges and accrued income490/1€2k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.55M▲
Equity10/15€542k€534k▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€379k€376k▼
Non-distributable reserves130/1€35k€360k▲
Legal reserve130€35k€35k=
Reserves not available under the articles1311-€325k
Tax-exempt reserves132€16k€11k▼
Distributable reserves133€328k€5k▼
Investment grants15€13k€9k▼
Provisions and deferred taxes16€8k€6k▼
Deferred taxes168€8k€6k▼
Amounts payable17/49€915k€1.01M▲
Amounts payable after more than one year17€520k€474k▼
Financial debts170/4€520k€474k▼
Amounts payable within one year42/48€395k€540k▲
Current portion of amounts payable after more than one year42€57k€46k▼
Trade debts44€129k€153k▲
Suppliers440/4€129k€153k▲
Taxes, remuneration and social security45€52k€43k▼
Taxes450/3€14k€1k▼
Remuneration and social security454/9€38k€42k▲
Other amounts payable47/48€157k€298k▲
Income statement
Code20232024
Remuneration, social security and pensions62€324k€323k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€101k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€13k▲
Other operating charges640/8€20k€16k▼
Gross operating margin9900€680k€646k▼
Operating profit (loss)9901€209k€194k▼
Financial income75/76B€4k€11k▲
Recurring financial income75€4k€11k▲
Financial charges65/66B€20k€18k▼
Recurring financial charges65€20k€18k▼
Profit (loss) for the period before taxes9903€193k€187k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€53k€49k▼
Profit (loss) for the period9904€143k€141k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€148k€147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€148k€147k▼
Transfer from equity791/2€205k-
Transfer to equity691/2€3k€2k▼
To other reserves6921€3k€2k▼
Profit to be distributed694/7€350k€145k▼
Return on contributions (dividend)694€350k€145k▼
Social balance
Average headcount (FTE)90877.46.8▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director discharge8 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director discharge8 facts ▸
- General meeting, 2026-05-07
- Director resignation, Conseil d'Administration
- Director discharge, administrateur
- Director appointment, RONDEHAIE (administrateur)
- Permanent representative, Stéphane GRIGNARD
- Director appointment, CONDORELO (administrateur)
- Permanent representative, Michel GRIGNARD
- Director appointment, RONDEHAIE (délégué à la gestion journalière)
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €186k ▲161%
Operating result €252k, net result €186k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €28k ▼73.1%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
CONDORELO
CurrentDirector · since 07-05-2026 · Limited partnership · perm. rep.: Michel GRIGNARD
RONDEHAIE
CurrentDirector · since 07-05-2026 · Private limited company · perm. rep.: Stéphane GRIGNARD
07-05-2026
CONDORELO: Appointed as Director
07-05-2026
RONDEHAIE: Appointed as Director
07-05-2026
RONDEHAIE: Appointed as Daily management delegate
Location & real-estate footprint
Registered office, Stavelot · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Crufer 74970 StavelotGround area
4,827 m²
Building footprint
1,190 m²
Volume, LiDAR
7,726 m³
Parcel 63027B0719/00W007, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Crufer 7, 4970 Stavelot
since 19862.033.526.212
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027B0719/00W007 | Wallonia | 4,827 m² | 1 · 1,190 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Recognitions · licences · registrations
Food safety, FASFC
1 siteStavelot2.033.526.212
Similar companies · same sector, comparable size
Bonvanill
BE 0758.547.819
Waregem · Eq €540k
Desart
BE 0877.277.601
Laakdal · Eq €493k
nICE! CREAM CONSULTING
BE 0734.612.078
Huldenberg · Eq €580k
GALLBY
BE 0886.680.067
Beernem · Eq €492k
TARTISTE
BE 0843.821.509
Deinze · Eq €580k
Of 611 companies in sector 10520 we hold annual accounts for 236. 128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-04-1985
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
46331Wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
51331
52630
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:087/27.52.54