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GILLAGH

Active
Private limited companyfounded 201313 yrs activeRue des Vallées 7, 6060 Charleroi, BelgiumKBO/BCE: BE 0502.621.336
Summary

GILLAGH has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €412,098 and a net result of €1,879. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 46% of 6545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
GILLAGHActiveChecked score 48/100
Risk analysis ReportCompare

Checked score

Score 2024
48 / 100
Fair
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-6
Solvency54▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.39 against 1.44 in 2023; short-term debt: 71% and cash: 6.8% of total assets), and 71.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · 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
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-05-2026, 292 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
292 d late
2023
92 d late
2022
106 d late
2021
170 d late
2020
101 d late
2019
117 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 146 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 21 January 2013, GILLAGH was incorporated.1 Total assets went from EUR 1.4 million in 2018 to EUR 1.4 million in 2024 and headcount from 6.7 to 6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,879▼ 34.3%
2023 · €2,861
Working capital
€392,115▲ 0.4%
2023 · €390,433
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€100,636€72,901▼ 27.6%-€32,599€19,398€18,301▼ 5.7%
Net result€90,177within the sector's middle half€63,359within the sector's middle half▼ 29.7%-€42,295below the sector's middle half€2,861within the sector's middle half€1,879within the sector's middle half▼ 34.3%
Equity€386,294within the sector's middle half▲ 30.5%€449,653within the sector's middle half▲ 16.4%€407,358within the sector's middle half▼ 9.4%€410,219within the sector's middle half▲ 0.7%€412,098within the sector's middle half▲ 0.5%
Total assets€1.3mwithin the sector's middle half▼ 11.2%€1.4mwithin the sector's middle half▲ 5.6%€1.4mwithin the sector's middle half▼ 0.6%€1.3mwithin the sector's middle half▼ 7.8%€1.4mwithin the sector's middle half▲ 9.3%
Debt€961,688▼ 21.3%€973,176▲ 1.2%€1.0m▲ 3.5%€894,495▼ 11.2%€1.0m▲ 13.4%
Working capital€276,455within the sector's middle half▲ 62.7%€387,646within the sector's middle half▲ 40.2%€388,723within the sector's middle half▲ 0.3%€390,433within the sector's middle half▲ 0.4%€392,115within the sector's middle half▲ 0.4%
Solvency28.7%within the sector's middle half▲ 9.1pp31.6%within the sector's middle half▲ 2.9pp28.8%within the sector's middle half▼ 2.8pp31.4%within the sector's middle half▲ 2.6pp28.9%within the sector's middle half▼ 2.5pp
Current ratio1.30within the sector's middle half▲ 0.151.41within the sector's middle half▲ 0.111.39within the sector's middle half▼ 0.021.44within the sector's middle half▲ 0.051.39within the sector's middle half▼ 0.05
Return on assets (ROA)6.7%within the sector's middle half▲ 7.7pp4.5%within the sector's middle half▼ 2.2pp-3.0%below the sector's middle half▼ 7.4pp0.2%within the sector's middle half▲ 3.2pp0.1%within the sector's middle half▼ 0.1pp
Staff (FTE)5.9within the sector's middle half▼ 10.6%6.5within the sector's middle half▲ 10.2%6.4within the sector's middle half▼ 1.5%6.3within the sector's middle half▼ 1.6%6within the sector's middle half▼ 4.8%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2020: €100,636€100,636Net result 2020: €90,177€90,177Operating result 2021: €72,901€72,901Net result 2021: €63,359€63,359Operating result 2022: -€32,599-€32,599Net result 2022: -€42,295-€42,295Operating result 2023: €19,398€19,398Net result 2023: €2,861€2,861Operating result 2024: €18,301€18,301Net result 2024: €1,879€1,87920202021202220232024-€60,000-€40,000-€20,000€0€20,000Operating result 2022: -€32,599-€32,600Net result 2022: -€42,295-€42,300Operating result 2023: €19,398€19,400Net result 2023: €2,861€2,860Operating result 2024: €18,301€18,300Net result 2024: €1,879€1,880202220232024
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets €22,156 ▼ 26.3%
Current assets €1.4m ▲ 10.2%
Equity and liabilities €1.4m
Equity €412,098 ▲ 0.5%
Debt €1.0m ▲ 13.4%
Debt's share of the balance-sheet total rises from 68.6% to 71.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€27,285▼
2023 · €38,991
Cash flow
€10,863▼
2023 · €22,455
Quick ratio
0.56▲
2023 · 0.48
Debt to equity
2.46▲
2023 · 2.18
ROE
0.5%▼
2023 · 0.7%
Interest coverage
1.58▼
2023 · 2.24
Debt ≤ 1 year
€1.0m▲
2023 · €883,798
Staff costs
€237,785▼
2023 · €241,268
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.4% went bankrupt
1.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.3m€1.4m▲
Formation expenses20€427-
Fixed assets21/28€30,057€22,156▼
Tangible fixed assets22/27€29,940€22,039▼
Plant, machinery and equipment23€10,146€9,094▼
Furniture and vehicles24€1,057-
Other tangible fixed assets26€18,737€12,945▼
Financial fixed assets28€117€117=
Current assets29/58€1.3m€1.4m▲
Stocks and contracts in progress3€853,333€840,986▼
Stocks30/36€853,333€840,986▼
Amounts receivable within one year40/41€349,342€462,833▲
Trade receivables40€188,165€300,841▲
Other amounts receivable41€161,177€161,992▲
Cash at bank and in hand54/58€66,028€96,903▲
Deferred charges and accrued income490/1€5,528€3,197▼
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.4m▲
Equity10/15€410,219€412,098▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Profit (loss) carried forward14-€633,381-€631,502▲
Amounts payable17/49€894,495€1.0m▲
Amounts payable within one year42/48€883,798€1.0m▲
Current portion of amounts payable after more than one year42€17,004-
Financial debts43€225,000€225,000=
Credit institutions430/8€225,000€225,000=
Trade debts44€513,639€647,890▲
Suppliers440/4€513,639€647,890▲
Taxes, remuneration and social security45€57,325€80,812▲
Taxes450/3€10,960€34,184▲
Remuneration and social security454/9€46,365€46,627▲
Other amounts payable47/48€70,829€58,103▼
Accrued charges and deferred income492/3€10,697€2,174▼
Income statement Code20232024
Remuneration, social security and pensions62€241,268€237,785▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,593€8,984▼
Other operating charges640/8€29,107€26,557▼
Gross operating margin9900€309,366€291,627▼
Operating profit (loss)9901€19,398€18,301▼
Financial income75/76B€897€887▼
Recurring financial income75€897€887▼
Financial charges65/66B€17,434€17,309▼
Recurring financial charges65€17,434€17,309▼
Profit (loss) for the period before taxes9903€2,861€1,879▼
Profit (loss) for the period9904€2,861€1,879▼
Profit (loss) for the period to be appropriated9905€2,861€1,879▼
Appropriation of the result
Profit (loss) to be appropriated9906-€633,381-€631,502▲
Profit (loss) brought forward from the previous period14P-€636,242-€633,381▲
Social balance
Average headcount (FTE)90876.36.0▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€247,585€247,865€241,268€237,785▼ 1.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55,095€55,062€54,561€19,593€8,984▼ 54.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€6,934---
Other operating charges640/8-€26,896€35,903€29,107€26,557▼ 8.8%
Gross operating margin9900€388,299€402,444€312,664€309,366€291,627▼ 5.7%
Operating profit (loss)9901€100,636€72,901-€32,599€19,398€18,301▼ 5.7%
Financial income75/76B-€727€910€897€887▼ 1.2%
Recurring financial income75€980€727€910€897€887▼ 1.2%
Financial charges65/66B-€10,269€10,606€17,434€17,309▼ 0.7%
Recurring financial charges65€11,438€10,269€10,606€17,434€17,309▼ 0.7%
Profit (loss) for the period before taxes9903€90,177€63,359-€42,295€2,861€1,879▼ 34.3%
Profit (loss) for the period9904€90,177€63,359-€42,295€2,861€1,879▼ 34.3%
Profit (loss) for the period to be appropriated9905€90,177€63,359-€42,295€2,861€1,879▼ 34.3%
Line20202021202220232024Change
Assets
Total assets20/58€1.3m€1.4m€1.4m€1.3m€1.4m▲ 9.3%
Formation expenses20€2,389€1,613€854€427--
Fixed assets21/28€132,088€77,802€24,001€30,057€22,156▼ 26.3%
Tangible fixed assets22/27€131,972€77,686€23,884€29,940€22,039▼ 26.4%
Plant, machinery and equipment23-€24,174€2,829€10,146€9,094▼ 10.4%
Furniture and vehicles24-€6,158€2,546€1,057--
Other tangible fixed assets26-€47,354€18,509€18,737€12,945▼ 30.9%
Financial fixed assets28€117€117€117€117€117=
Current assets29/58€1.2m€1.3m€1.4m€1.3m€1.4m▲ 10.2%
Stocks and contracts in progress3€735,428€803,265€923,707€853,333€840,986▼ 1.4%
Stocks30/36-€803,265€923,707€853,333€840,986▼ 1.4%
Amounts receivable within one year40/41€356,448€353,527€419,774€349,342€462,833▲ 32.5%
Trade receivables40-€281,080€259,002€188,165€300,841▲ 59.9%
Other amounts receivable41-€72,448€160,772€161,177€161,992▲ 0.5%
Cash at bank and in hand54/58€118,326€183,579€43,463€66,028€96,903▲ 46.8%
Deferred charges and accrued income490/1-€3,043€3,021€5,528€3,197▼ 42.2%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.4m€1.4m€1.3m€1.4m▲ 9.3%
Equity10/15€386,294€449,653€407,358€410,219€412,098▲ 0.5%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Capital10-€1.0m€1.0m€1.0m€1.0m=
Issued capital100-€1.0m€1.0m€1.0m€1.0m=
Profit (loss) carried forward14-€657,306-€593,947-€636,242-€633,381-€631,502▲ 0.3%
Amounts payable17/49€961,688€973,176€1.0m€894,495€1.0m▲ 13.4%
Amounts payable within one year42/48€937,050€955,768€1.0m€883,798€1.0m▲ 14.5%
Current portion of amounts payable after more than one year42--€2,819€17,004--
Financial debts43-€225,000€225,000€225,000€225,000=
Credit institutions430/8-€225,000€225,000€225,000€225,000=
Trade debts44€503,125€593,219€638,620€513,639€647,890▲ 26.1%
Suppliers440/4-€593,219€638,620€513,639€647,890▲ 26.1%
Taxes, remuneration and social security45-€58,860€59,546€57,325€80,812▲ 41.0%
Taxes450/3-€8,187€14,418€10,960€34,184▲ 212%
Remuneration and social security454/9-€50,673€45,128€46,365€46,627▲ 0.6%
Other amounts payable47/48-€78,689€75,258€70,829€58,103▼ 18.0%
Accrued charges and deferred income492/3-€17,408€6,220€10,697€2,174▼ 79.7%
Line20202021202220232024Change
Profit (loss) for the period9904€90,177€63,359-€42,295€2,861€1,879▼ 34.3%
+ Depreciation and write-downs630€55,095€55,062€54,561€19,593€8,984▼ 54.1%
Operating cash flow (approximation)€145,272€118,420€12,266€22,455€10,863▼ 51.6%
Investment in fixed assets (approximation)--€776-€759-€25,649-€1,084▲ 95.8%
Change in cash-€65,252-€140,115€22,565€30,875▲ 36.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
19-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 292 days late
2024
31-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
31-12
Financial Back to profitnet €2,861
Net result €2,861 after one loss-making year.
14-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 106 days late
17-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 170 days late
2021
09-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 101 days late
2020
31-12
Financial Back to profitnet €90,177
Net result €90,177 after 2 loss-making years.
25-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 117 days late
2019
31-12
Financial Equity above €200,000Eq €296,117 ▲59%
Equity rises from €186,239 to €296,117.
25-11
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 117 days late
2018
29-11
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 121 days late
2017
17-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
16-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2013
seat establishment approximate The establishment unit on the map
Ground area
611 m²
Parcel 52342A0625/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Mr Bricolage
Rue des Vallées 7, 6060 CharleroiRetail trade
since 20132.216.087.140
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52342A0625/00T000 Wallonia 611 m² - -
Linked by address, not proof of ownership
Good to know
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

Part of the group FIDAGH 9 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. FIDAGH 85%
  2. BRICOLAGH 100%
  3. GILLAGH

Highest known parent: FIDAGH. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Charleroi2.216.087.140
4 permissions
Detailhandel mengvoeders vee · since 10-03-2021
Detailhandel LM>3 maand · since 21-02-2015
Detailhandelaar meststoffen · since 21-02-2015
and 1 more

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Company details

Identification
Legal formPrivate limited company
Founded21-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47522Retail trade
47526Retail trade
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0502621336
Also 9925:BE0502621336
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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