GILGEMYN
ActiveSummary
The computed 12-month bankruptcy probability of GILGEMYN is 2.3% (moderate). The 2025 annual accounts show equity of €309,023 and a net result of €89,393. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 10% of 9,600 sector peers (NACE 43, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#8 company by total assets in Wevelgem, Construction sector
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00426463.
Equity
€309,023▲ 40.7%
2024 · €219,630
Total assets
€4.1m▼ 0.3%
2024 · €4.1m
Net result
€89,393▲ 79.6%
2024 · €49,773
Working capital
-€1.5m▲ 15.5%
2024 · -€1.8m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.09m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.1m
2025
Equity€0.3m
2025
Debt€3.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency7.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.34
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)7.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.005m▼ 67.3%€0.05m▲ 766%€0.1m▲ 119%€0.08m▼ 24.9%€0.1m▲ 30.2%€0.1m▲ 36.3%€0.2m▲ 46.0%
Net result€0.01m-€0.004m▼ 64.1%€0.04mabove the sector's middle half▲ 751%€0.04mwithin the sector's middle half▲ 8.4%€0.03mwithin the sector's middle half▼ 18.3%€0.03mwithin the sector's middle half▼ 20.6%€0.05mwithin the sector's middle half▲ 91.5%€0.09mwithin the sector's middle half▲ 79.6%
Equity€0.03m-€0.04m▲ 14.2%€0.07mwithin the sector's middle half▲ 106%€0.1mwithin the sector's middle half▲ 55.7%€0.1mwithin the sector's middle half▲ 29.2%€0.2mwithin the sector's middle half▲ 17.2%€0.2mwithin the sector's middle half▲ 29.3%€0.3mwithin the sector's middle half▲ 40.7%
Total assets€0.05m-€0.4m▲ 728%€0.5mabove the sector's middle half▲ 35.6%€3.1mabove the sector's middle half▲ 502%€4.1mabove the sector's middle half▲ 32.3%€4.1mabove the sector's middle half▼ 0.3%€4.1mabove the sector's middle half▼ 0.6%€4.1mabove the sector's middle half▼ 0.3%
Debt€0.02m-€0.3m▲ 2,159%€0.4m▲ 28.5%€3.0m▲ 575%€4.0m▲ 32.4%€3.9m▼ 0.9%€3.9m▼ 1.8%€3.8m▼ 2.6%
Working capital€0.03m-€0.1m▲ 267%€0.1mabove the sector's middle half▼ 4.7%-€0.6mbelow the sector's middle half-€0.9mbelow the sector's middle half▼ 48.0%-€1.2mbelow the sector's middle half▼ 31.2%-€1.8mbelow the sector's middle half▼ 44.9%-€1.5mbelow the sector's middle half▲ 15.5%
Solvency66.7%-9.2%▼ 57.5pp13.9%below the sector's middle half▲ 4.7pp3.6%below the sector's middle half▼ 10.3pp3.5%below the sector's middle half▼ 0.1pp4.1%below the sector's middle half▲ 0.6pp5.4%below the sector's middle half▲ 1.2pp7.6%below the sector's middle half▲ 2.2pp
Current ratio3.00-1.82▼ 1.191.47within the sector's middle half▼ 0.350.42below the sector's middle half▼ 1.050.46below the sector's middle half▲ 0.040.40below the sector's middle half▼ 0.060.29below the sector's middle half▼ 0.100.34below the sector's middle half▲ 0.05
Return on assets (ROA)26.3%-1.1%▼ 25.1pp7.2%within the sector's middle half▲ 6.0pp1.3%below the sector's middle half▼ 5.9pp0.8%below the sector's middle half▼ 0.5pp0.6%below the sector's middle half▼ 0.2pp1.2%within the sector's middle half▲ 0.6pp2.2%within the sector's middle half▲ 1.0pp
Staff (FTE)1.90.8below the sector's middle half▼ 57.9%1.2below the sector's middle half▲ 50.0%3.9within the sector's middle half▲ 225%5.2within the sector's middle half▲ 33.3%5.7within the sector's middle half▲ 9.6%7.8within the sector's middle half▲ 36.8%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€3.3m ▼ 1.8%
Current assets
€790,614 ▲ 6.6%
Equity and liabilities €4.1m
Equity
€309,023 ▲ 40.7%
Debt
€3.8m ▼ 2.6%
Debt's share of the balance-sheet total falls from 94.6% to 92.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€289,505▲
2024 · €203,431
Cash flow
€180,874▲
2024 · €117,616
Quick ratio
0.34▲
2024 · 0.29
Debt to equity
12.18▼
2024 · 17.60
ROE
28.9%▲
2024 · 22.7%
Interest coverage
4.74▲
2024 · 3.17
Debt ≤ 1 year
€2.3m▼
2024 · €2.5m
Debt > 1 year
€1.2m▲
2024 · €1.1m
Income taxes
€47,751▲
2024 · €21,856
Staff costs
€349,421▲
2024 · €305,369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €54,566 | €188,269 | €281,554 | €305,369 | €349,421 | ▲ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €33,872 | €38,863 | €52,934 | €64,729 | €89,087 | €67,843 | €91,481 | ▲ 34.8% |
| Other operating charges640/8 | - | - | - | €7,222 | €2,811 | €18,522 | €3,667 | €9,929 | ▲ 171% |
| Gross operating margin9900 | €17,247 | €59,312 | €132,452 | €216,460 | €332,210 | €488,650 | €512,468 | €648,855 | ▲ 26.6% |
| Operating profit (loss)9901 | €16,372 | €5,362 | €46,434 | €101,738 | €76,403 | €99,487 | €135,588 | €198,024 | ▲ 46.0% |
| Financial income75/76B | - | - | - | €422 | €5 | €375 | €230 | €247 | ▲ 7.1% |
| Recurring financial income75 | €0 | €56 | €256 | €422 | €5 | €375 | €230 | €247 | ▲ 7.1% |
| Financial charges65/66B | - | - | - | €42,388 | €40,048 | €58,161 | €64,189 | €61,127 | ▼ 4.8% |
| Recurring financial charges65 | €391 | €2,068 | €6,597 | €42,388 | €40,048 | €58,161 | €64,189 | €61,127 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | €15,981 | €4,349 | €40,093 | €59,771 | €36,359 | €41,701 | €71,629 | €137,144 | ▲ 91.5% |
| Income taxes67/77 | €3,891 | €3 | €3,109 | €19,674 | €3,610 | €15,712 | €21,856 | €47,751 | ▲ 118% |
| Profit (loss) for the period9904 | €12,090 | €4,346 | €36,985 | €40,098 | €32,750 | €25,989 | €49,773 | €89,393 | ▲ 79.6% |
| Profit (loss) for the period to be appropriated9905 | €12,090 | €4,346 | €36,985 | €40,098 | €32,750 | €25,989 | €49,773 | €89,393 | ▲ 79.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.05m | €0.4m | €0.5m | €3.1m | €4.1m | €4.1m | €4.1m | €4.1m | ▼ 0.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0 | €0.1m | €0.2m | €2.7m | €3.3m | €3.3m | €3.3m | €3.3m | ▼ 1.8% |
| Intangible fixed assets21 | €0 | €0.005m | €0.003m | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 17.5% |
| Land and buildings22 | - | - | - | €0.006m | €0.006m | €0.005m | €0.004m | €0.003m | ▼ 17.6% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 35.3% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.08m | €0.04m | €0.03m | €0.02m | ▼ 43.4% |
| Other tangible fixed assets26 | - | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 9.6% |
| Financial fixed assets28 | €0 | - | - | €2.5m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Current assets29/58 | €0.05m | €0.3m | €0.3m | €0.5m | €0.8m | €0.8m | €0.7m | €0.8m | ▲ 6.6% |
| Stocks and contracts in progress3 | €0 | €0.02m | €0.02m | €0.006m | €0.005m | €0.004m | €0.007m | €0.008m | ▲ 7.5% |
| Stocks30/36 | - | - | - | €0.006m | €0.005m | €0.004m | €0.007m | €0.008m | ▲ 7.5% |
| Amounts receivable within one year40/41 | €0.02m | €0.1m | €0.2m | €0.3m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 6.2% |
| Trade receivables40 | - | - | - | €0.3m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 7.7% |
| Other amounts receivable41 | - | - | - | €0.009m | €0.005m | €181 | €0.02m | €0.02m | ▼ 34.3% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.1m | €0.2m | €0.1m | €0.07m | €0.05m | €0.05m | €0.05m | ▼ 13.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.003m | €0.004m | €0.003m | €0.02m | ▲ 467% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.05m | €0.4m | €0.5m | €3.1m | €4.1m | €4.1m | €4.1m | €4.1m | ▼ 0.3% |
| Equity10/15 | €0.03m | €0.04m | €0.07m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 40.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.03m | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 50.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 50.9% |
| Profit (loss) carried forward14 | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 1.6% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.02m | €0.3m | €0.4m | €3.0m | €4.0m | €3.9m | €3.9m | €3.8m | ▼ 2.6% |
| Amounts payable after more than one year17 | €0 | €0.2m | €0.2m | €1.9m | €2.3m | €1.8m | €1.1m | €1.2m | ▲ 3.6% |
| Financial debts170/4 | - | - | - | €1.9m | €2.3m | €1.8m | €1.1m | €1.2m | ▲ 3.6% |
| Amounts payable within one year42/48 | €0.02m | €0.1m | €0.2m | €1.1m | €1.7m | €2.0m | €2.5m | €2.3m | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.5m | €0.5m | €0.6m | €0.7m | €0.2m | ▼ 66.2% |
| Financial debts43 | - | - | - | - | - | - | €0.07m | €0.1m | ▲ 104% |
| Credit institutions430/8 | - | - | - | - | - | - | €0.07m | €0.1m | ▲ 104% |
| Trade debts44 | €0.01m | €0.1m | €0.2m | €0.6m | €1.1m | €1.3m | €1.7m | €1.8m | ▲ 7.7% |
| Suppliers440/4 | - | - | - | €0.6m | €1.1m | €1.3m | €1.7m | €1.8m | ▲ 7.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.07m | €0.05m | €0.08m | ▲ 66.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.005m | €0.04m | €0.02m | €0.05m | ▲ 128% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 20.4% |
| Other amounts payable47/48 | - | - | - | €0.005m | €0.001m | €0.01m | €0.02m | €0.01m | ▼ 32.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0 | €0.08m | €0.2m | €0.3m | ▲ 42.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.004m | €0.04m | €0.04m | €0.03m | €0.03m | €0.05m | €0.09m | ▲ 79.6% |
| + Depreciation and write-downs630 | €0 | €0.03m | €0.04m | €0.05m | €0.06m | €0.09m | €0.07m | €0.09m | ▲ 34.8% |
| Operating cash flow (approximation) | €0.01m | €0.04m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 53.8% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.09m | -€2.5m | -€0.7m | -€0.06m | -€0.1m | -€0.03m | ▲ 70.2% |
| Change in cash | - | €0.1m | €0.03m | -€0.06m | -€0.03m | -€0.02m | -€0.001m | -€0.007m | ▼ 577% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00426463 |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00411140 |
| 31-12-2023 | abbreviated format | 26-08-2024 | 2024-00369133 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00385726 |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20346445 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400333 |
| 31-12-2019 | micro format | 03-09-2020 | 2020-50800574 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59900039 |
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Of the 8,326 active companies whose main activity is site preparation (NACE 43120), figures are known for 3,277. 2,453 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €11,443 awarded · €11,625 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,586 | €2,435 |
| 2024 | 1 | €2,645 | €2,645 |
| 2023 | 1 | €601 | €934 |
| 2022 | 1 | €5,611 | €5,611 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.