Checked.be
Active
BE 0674.778.421Private limited company
GILGEMYN
Hugo Verriestlaan 21 ·8560 Wevelgem, Belgium· 9 yrs active
Sector: Site preparation
(43120)
Conclusion
GILGEMYN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309k and a net result of €89k. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €309k |
| Net result | €89k |
| Staff (FTE) | 7.8 |
| Better than sector | 10% |
Financial profile
67
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
100
Solvency
5
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
51
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€16k
estimate, not credit advice
Score history
43
2021
43
2022
43
2023
51
2024
51
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.34 (< 1.0)
-10
Quick ratio
Quick ratio 0.34 (< 0.6)
-5
Leverage
Debt/equity 12.18 (> 3.0)
-10
Profitability
ROE 29% (≥ 10%)
+10
Interest coverage
Interest coverage 4.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~28.8%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.6% | 44.0% | |
| Net result | €89k | €30k | |
| Equity | €309k | €276k | |
| Gross operating margin | €649k | €275k | |
| Staff costs | €349k | €244k |
€290k
+42.3%
21-25
€89k
+79.6%
21-25
€181k
+53.8%
21-25
€4.07M
-0.3%
21-25
€309k
+40.7%
21-25
€-1.51M
+15.5%
21-25
8
+36.8%
21-25
€349k
+14.4%
21-25
€48k
+118.5%
21-25
€3.76M
-2.6%
21-25
€2.30M
-9.0%
21-25
€1.18M
+3.6%
21-25
0.34
+17.1%
21-25
0.34
+17.1%
21-25
7.6%
+41.1%
21-25
12.18
-30.8%
21-25
28.9%
+27.6%
21-25
2.2%
+80.1%
21-25
4.74
+49.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €290k | €203k | €189k | €141k | €155k |
| Net profit | €89k | €50k | €26k | €33k | €40k |
| Cash flow | €181k | €118k | €115k | €97k | €93k |
| Staff costs | €349k | €305k | €282k | €188k | €55k |
| Income taxes | €48k | €22k | €16k | €4k | €20k |
| Dividends | - | - | - | - | - |
| Total assets | €4.07M | €4.08M | €4.11M | €4.12M | €3.11M |
| Equity | €309k | €220k | €170k | €145k | €112k |
| Debt | €3.76M | €3.86M | €3.94M | €3.97M | €3.00M |
| of which ≤ 1y | €2.30M | €2.52M | €2.03M | €1.72M | €1.09M |
| of which > 1y | €1.18M | €1.14M | €1.83M | €2.25M | €1.91M |
| Working capital | €-1.51M | €-1.78M | €-1.23M | €-937k | €-633k |
| Employees (FTE) | 7.8 | 5.7 | 5.2 | 3.9 | 1.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.34 | 0.29 | 0.40 | 0.46 | 0.42 |
| Quick ratio | 0.34 | 0.29 | 0.39 | 0.45 | 0.41 |
| Working capital ratio | -37.0% | -43.6% | -29.9% | -22.8% | -20.3% |
| Solvency | 7.6% | 5.4% | 4.1% | 3.5% | 3.6% |
| Debt / equity | 12.18 | 17.60 | 23.18 | 27.43 | 26.77 |
| Long-term debt ratio | 3.82 | 5.19 | 10.77 | 15.54 | 17.03 |
| Interest coverage | 4.74 | 3.17 | 3.24 | 3.52 | 3.65 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.2% | 1.2% | 0.6% | 0.8% | 1.3% |
| ROE | 28.9% | 22.7% | 15.3% | 22.6% | 35.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €4.07M | €4.08M | €4.11M | €4.12M | €3.11M |
| Fixed assets | 21/28 | €3.28M | €3.34M | €3.30M | €3.33M | €2.66M |
| Intangible fixed assets | 21 | - | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €282k | €343k | €305k | €332k | €156k |
| Financial fixed assets | 28 | €3.00M | €3.00M | €3.00M | €3.00M | €2.50M |
| Current assets | 29/58 | €791k | €742k | €803k | €786k | €457k |
| Stocks & contracts in progress | 3 | €8k | €7k | €4k | €5k | €6k |
| Amounts receivable within one year | 40/41 | €721k | €679k | €741k | €707k | €348k |
| Cash & bank | 54/58 | €46k | €53k | €54k | €71k | €98k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.07M | €4.08M | €4.11M | €4.12M | €3.11M |
| Equity | 10/15 | €309k | €220k | €170k | €145k | €112k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €266k | €177k | €128k | €104k | €72k |
| Accumulated profits (losses) | 14 | €25k | €24k | €23k | €22k | €22k |
| Amounts payable | 17/49 | €3.76M | €3.86M | €3.94M | €3.97M | €3.00M |
| Amounts payable after one year | 17 | €1.18M | €1.14M | €1.83M | €2.25M | €1.91M |
| Amounts payable within one year | 42/48 | €2.30M | €2.52M | €2.03M | €1.72M | €1.09M |
| Trade debts payable within one year | 44 | €1.83M | €1.70M | €1.34M | €1.15M | €559k |
| Income statement | ||||||
| Gross operating margin | 9900 | €649k | €512k | €489k | €332k | €216k |
| Operating result | 9901 | €198k | €136k | €99k | €76k | €102k |
| Financial income | 75 | €247 | €230 | €375 | €5 | €422 |
| Financial charges | 65 | €61k | €64k | €58k | €40k | €42k |
| Result before taxes | 9903 | €137k | €72k | €42k | €36k | €60k |
| Income taxes | 67/77 | €48k | €22k | €16k | €4k | €20k |
| Net result for the period | 9904 | €89k | €50k | €26k | €33k | €40k |
| Result to be appropriated | 9905 | €89k | €50k | €26k | €33k | €40k |
Legal Structure
| NACE primary | Site preparation(43120) |
| Legal form | Private limited company(610) |
| Incorporation | 24-04-2017 |
| Status | Active |
| Postal code | 8560 |
Ownership & control
GILGEMYNBE 0674.778.421
controls
Where this company holds controlthis company sits on their board1
1 location
Establishment units
Just Shoot
since 20172.263.801.935
GILGEMYN
since 20212.351.883.972
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018A0825/00G002 | Flanders | 1.4 ha | 1 · 2,947 m² | 12.9 m · 1 fl. |
| 34012C0563/00H000 | Flanders | 912 m² | 1 · 160 m² | 10.2 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Highest result since 2021net €89k ▲79.6%
Operating result €198k, net result €89k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Equity above €200kEq €220k ▲29.3%
4 profitable years in a row build equity to €220k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €26k ▼20.6%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €170k ▲17.2%
3 profitable years in a row build equity to €170k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Waste collection, recovery and disposal activities38110Site preparation43120Demolition43110
Names & trade names
| Legal nameNL | GILGEMYN |
| Trade nameNL | GG Recup |
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