Result
€47,364 ▼ 77.9%
The result fell in 2025 from €213,879 to €47,364.
Gillain en Co
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €11.6m (2022)
€10.4m▼ 7.1%
lowest -€79,392 (2009)
€47,364▼ 77.9%
peak €3.2m (2025)
€3.2m▲ 1.5%
€3.0m▼ 14.6%
peak 24.7 FTE (2024)
23.6 FTE▼ 4.5%
Board4 names since 2018
2 directorsJAN TIMMER PARTICIPATIE and 1 other
Owners5 names in the annual accounts
consolidatesJan Timmer Holding BV
Documentsfilings and deeds
10-06-202651 days before the deadline
2025financial year
Result from €213,879 to €47,3641 statutory auditor reappointed 13-08Cash from €364,280 to €599,847
Key points
from the 2025 annual accountsStaff
23 employees on 31-12-2025
In 2025, 4 people joined and 7 left. On top of that, 2.4 agency workers worked there on average.
Payment terms
35 days to suppliers
Gillain en Co pays its suppliers 4 days later than in 2024. Customers pay 25 days earlier.
Checked score
91
Excellent
Financially stronger than 41% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 1.4%▲ +0.7 percentage points vs 12-2024highest value
02-2025: 1.4%● unchanged vs 01-2025highest value
03-2025: 1.4%● unchanged vs 02-2025highest value
04-2025: 1.3%▼ -0.1 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -1.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged 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: 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Founded in 1968
Equity €3.2m (51.5% of total assets)
Legal form: public limited company
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 46, small). It does better than 60% of them on solvency, 42% on liquidity, 31% on profitability and 32% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as Gillain en Co has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Gillain en Co itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for Gillain en Co. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €290,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.98 (1.8 in 2024), above the usual 1.5. Short-term debt is 47.9% and cash 9.6% of total assets. 48.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 days early
2024
35 days early
2023
112 days late
2022
41 days early
2021
37 days early
2020
41 days early
2019
38 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 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 24 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- JAN TIMMER PARTICIPATIE 100%equity €5.2m (2025) · deed of 19-02-2024
- Jan Timmer Holding BV consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0404958073
1 statutory auditor reappointed
VCLJ Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Patrick Kilian and Jan Timmer · General meeting of 03-06-2025 · Gazette deed
2 directors appointed, 1 resignation
Resignation: TIMMER Jan Leendert (managing director) · Appointments: JAN TIMMER PARTICIPATIE (managing director) and PMA HELEON · Permanent representatives: TIMMER Jan Leendert and TIMMER Johanna · General meeting of 28-12-2023 · Gazette deed
Reappointment: VCLJ Bedrijfsrevisoren (statutory auditor)
Permanent representative: Patrick Kilian · General meeting of 07-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Gillain en Co Aartselaar | €10.4m | 1.5% | 51.5% | 23.6 |
| Ulma Packaging Schelle | €6.1m | 5.0% | 43.1% | 18.9 |
| HALFEN Schoten | €7.6m | 18.9% | 13.0% | 12.3 |
| De Nieuwe Gouden Spade Ypres | €7.9m | -1.8% | 47.4% | 23.4 |
| TURCK MULTIPROX Aalst | €14.5m | 6.0% | 62.2% | 20.5 |
| Buhlmann Zaventem | €9.2m | 1.1% | 45.0% | 16 |
| FIXCENTER Woluwe-Saint-Pierre | €12.0m | 9.8% | 68.5% | 33.5 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Gillain en Co: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €3.7m and €7.8m, founded between 1968 and 1976.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Wholesale of machine toolsNACE 46620and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.04Metal trade · annual accounts 2025
- Establishment unit
- 2.003.918.6442630 Aartselaar, since 01-04-1956
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Annual accounts 2025
- €6.3m▼ 7.0%
- Employeeson 31-12-2025
- 23▼ 11.5%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on Gillain en Co
Gillain en Co has existed since 1968. Turnover grew from €7.1m in 2006 to €10.4m in 2025 and staff from 18.5 to 23.6 full-time equivalents.
JAN TIMMER PARTICIPATIE holds all the shares. In February 2024, the Official Gazette published the appointment of JAN TIMMER PARTICIPATIE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Gillain en Co
- What is the company number of Gillain en Co?
- The company number of Gillain en Co is 0404.958.073. The VAT number is the same number with BE in front: BE 0404.958.073.
- Where is Gillain en Co based?
- The registered office is at Boomsesteenweg 85, 2630 Aartselaar.Company details
- What does Gillain en Co do?
- According to the KBO register, the main activity is wholesale of machine tools (NACE 46620).
- What is the legal form of Gillain en Co?
- Gillain en Co is a public limited company (NV).
- When was Gillain en Co founded?
- Gillain en Co was founded on 01-01-1968.
- Is Gillain en Co still active?
- Yes, Gillain en Co is an active enterprise in the KBO register.
- How many employees does Gillain en Co have?
- Gillain en Co had an average of 23.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Gillain en Co fall under?
- In its 2025 annual accounts, Gillain en Co states joint committees 200 (Auxiliary committee for white-collar workers) and 149.04 (Metal trade).
- What is the turnover of Gillain en Co?
- The turnover of Gillain en Co was €10.4m in financial year 2025, according to the filed annual accounts.
- Is Gillain en Co profitable?
- In financial year 2025, Gillain en Co made a profit of €47,364.
- Where can I find the annual accounts of Gillain en Co?
- Gillain en Co filed 50 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Gillain en Co due?
- Gillain en Co must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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