GILLEMAN
ActiveGILLEMAN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.89M and a net result of €20k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 24% of 829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+4
Solvency42▼-4
Growth63▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.19 in 2024; short-term debt: 82.4% and cash: 0.6% of total assets), and 83.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.6%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 829 sector peers (2025).
NBB · sector comparisonPosition among 829 sector peers
Solvency
better than 24%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
14 d late
2023
54 d late
2022
18 d late
2021
114 d late
2020
9 d late
2019
32 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€35.36M▼ 1.9%
2024 · €36.06M
2018: €33.85M
2019: €36.28M
2020: €33.30M
2021: €28.85M
2022: €36.14M
2023: €44.49M
2024: €36.06M
2018 → 2025
EBIT margin
1.3%▼ 0.4pp
2024 · 1.7%
2018: 1.2%
2019: 1.1%
2020: 1.1%
2021: 1.4%
2022: 1.2%
2023: 1.4%
2024: 1.7%
2018 → 2025
Net result
€20k▼ 69.0%
2024 · €63k
2018: €15k
2019: €16k
2020: €38k
2021: €32k
2022: €58k
2023: €-22k
2024: €63k
2018 → 2025
Working capital
€2.06M▼ 0.3%
2024 · €2.07M
2018: €1.97M
2019: €1.95M
2020: €1.87M
2021: €2.10M
2022: €2.14M
2023: €1.99M
2024: €2.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€28.85M-€36.14M▲ 25.2%€44.49M▲ 23.1%€36.06M▼ 19.0%€35.36M▼ 1.9%
Equity€2.77M-€2.83M▲ 2.1%€2.81M▼ 0.8%€2.87M▲ 2.3%€2.89M▲ 0.7%
Operating result€404k-€422k▲ 4.5%€602k▲ 42.5%€618k▲ 2.7%€475k▼ 23.1%
Net result€32k-€58k▲ 83.2%€-22k€63k€20k▼ 69.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.37M
Fixed assets
€1.00M▼ 6.4%
Current assets
€16.37M▲ 28.1%
Equity and liabilities €17.37M
Equity
€2.89M▲ 0.7%
Provisions
€3k=
Debt
€14.48M▲ 31.9%
The debt ratio rises from 79.2% to 83.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€869k▼
2024 · €987k
Cash flow
€414k▼
2024 · €432k
Solvency
16.6%▼
2024 · 20.7%
Current ratio
1.14▼
2024 · 1.19
Quick ratio
0.66▲
2024 · 0.61
Debt / equity
5.01▲
2024 · 3.82
ROE
0.7%▼
2024 · 2.2%
ROA
0.1%▼
2024 · 0.5%
Interest coverage
6.23▲
2024 · 5.11
Debt
€14.48M▲
2024 · €10.97M
Debt ≤ 1 year
€14.31M▲
2024 · €10.71M
Debt > 1 year
€144k▼
2024 · €254k
Income taxes
€49k▼
2024 · €70k
Staff costs
€2.16M▲
2024 · €1.98M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13.85M€17.37M▲
Fixed assets21/28€1.07M€1.00M▼
Intangible fixed assets21€5k€12k▲
Tangible fixed assets22/27€1.06M€982k▼
Plant, machinery and equipment23€463k€500k▲
Furniture and vehicles24€188k€213k▲
Leasing and similar rights25€410k€268k▼
Financial fixed assets28€5k€9k▲
Other financial fixed assets284/8€5k€9k▲
Amounts receivable and cash guarantees285/8€5k€9k▲
Current assets29/58€12.78M€16.37M▲
Stocks and contracts in progress3€6.21M€6.89M▲
Stocks30/36€2.63M€2.87M▲
Raw materials and consumables30/31€2.63M€2.87M▲
Contracts in progress37€3.58M€4.01M▲
Amounts receivable within one year40/41€6.27M€9.38M▲
Trade receivables40€4.81M€5.70M▲
Other amounts receivable41€1.46M€3.68M▲
Cash at bank and in hand54/58€108k€96k▼
Deferred charges and accrued income490/1€185k€6k▼
Equity and liabilities
Total equity and liabilities10/49€13.85M€17.37M▲
Equity10/15€2.87M€2.89M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€2.62M€2.64M▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€2.54M€2.56M▲
Provisions and deferred taxes16€3k€3k=
Provisions for liabilities and charges160/5€3k€3k=
Other liabilities and charges164/5€3k€3k=
Amounts payable17/49€10.97M€14.48M▲
Amounts payable after more than one year17€254k€144k▼
Financial debts170/4€254k€144k▼
Leasing and similar obligations172€254k€144k▼
Amounts payable within one year42/48€10.71M€14.31M▲
Current portion of amounts payable after more than one year42€115k€109k▼
Financial debts43€3.00M€3.00M=
Credit institutions430/8€3.00M€3.00M=
Other loans439-€0
Trade debts44€7.17M€10.75M▲
Suppliers440/4€7.17M€10.75M▲
Advances received on contracts in progress46€10k€0▼
Taxes, remuneration and social security45€269k€257k▼
Taxes450/3€83k€62k▼
Remuneration and social security454/9€186k€194k▲
Other amounts payable47/48€146k€186k▲
Accrued charges and deferred income492/3€13k€28k▲
Income statement
Code20242025
Operating income70/76A€34.30M€36.11M▲
Turnover70€36.06M€35.36M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-2.02M€439k▲
Other operating income74€208k€257k▲
Non-recurring operating income76A€53k€51k▼
Operating charges60/66A€33.68M€35.63M▲
Goods for resale, raw materials and consumables60€26.14M€27.18M▲
Purchases600/8€26.05M€27.41M▲
Change in stocks: decrease (increase)609€92k€-236k▼
Services and other goods61€4.88M€5.74M▲
Remuneration, social security and pensions62€1.98M€2.16M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€369k€394k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€189k€-10k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€3k€0▼
Other operating charges640/8€114k€89k▼
Non-recurring operating charges66A-€79k
Operating profit (loss)9901€618k€475k▼
Financial income75/76B€20k€50k▲
Recurring financial income75€20k€50k▲
Income from current assets751€6k€30k▲
Other financial income752/9€14k€20k▲
Financial charges65/66B€505k€456k▼
Recurring financial charges65€505k€456k▼
Debt charges650€193k€139k▼
Other financial charges652/9€312k€317k▲
Profit (loss) for the period before taxes9903€133k€69k▼
Income taxes67/77€70k€49k▼
Taxes670/3€70k€49k▼
Tax adjustments and reversals of tax provisions77-€0
Profit (loss) for the period9904€63k€20k▼
Profit (loss) for the period to be appropriated9905€63k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€20k▼
Transfer to equity691/2€63k€20k▼
To other reserves6921€63k€20k▼
Social balance
Average headcount (FTE)908727.930.2▲
The notes to these accounts (88 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-22k ▼138%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 114 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 1985
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.
Meersbloem-Leupegem 209700 OudenaardeGround area
3,067 m²
Building footprint
1,770 m²
Volume, LiDAR
13,889 m³
Parcel 45507A0020/02D000, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Meersbloem-Leupegem 20, 9700 Oudenaarde
since 19852.058.146.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507A0020/02D000 | Flanders | 3,067 m² | 1 · 1,770 m² | 8.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 782 EUR awarded · 388 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 309 EUR | 0 EUR |
| 2023 | 1 | 281 EUR | 196 EUR |
| 2022 | 1 | 192 EUR | 192 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesGILLEMAN NV34506
Food safety, FASFC
1 siteSchorisse
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 3,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-01-1985
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43331Floor and wall tiling
45211
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
45112
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.