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GILLIAERT

Active
Private limited companyfounded 20233 yrs activeKleine Warande 20, 8470 Gistel, BelgiumKBO/BCE: BE 0799.298.014
Summary

The computed 12-month bankruptcy probability of GILLIAERT is 1.6% (moderate). The 2025 annual accounts show equity of €77,399 and a net result of €37,133. Its solvency ranks better than 26% of 177 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability77▼-5
Solvency38▲+5
Growth78
Track record94
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.49 in 2024; short-term debt: 23.8% and cash: 9.5% of total assets), and 87% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
1 d early
2024
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
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

GILLIAERT was incorporated on 8 March 2023 as a Private limited company.1 The registered office was moved to Gistel in 2026.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 10-07-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Turnover
€165,234
EBIT margin
19.1%
Net result
€37,133▲ 83.2%
2024 · €20,266
Working capital
-€31,709▲ 81.7%
2024 · -€173,696
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Turnover€165,234-
Operating result€31,482-€62,451▲ 98.4%
Net result€20,266within the sector's middle half-€37,133above the sector's middle half▲ 83.2%
EBIT margin19.1%-
Equity€40,266within the sector's middle half-€77,399within the sector's middle half▲ 92.2%
Total assets€506,834within the sector's middle half-€594,779within the sector's middle half▲ 17.4%
Debt€466,568-€517,380▲ 10.9%
Working capital-€173,696--€31,709▲ 81.7%
Solvency7.9%below the sector's middle half-13.0%within the sector's middle half▲ 5.1pp
above within below the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2024: €31,482€31,482Net result 2024: €20,266€20,266Operating result 2025: €62,451€62,451Net result 2025: €37,133€37,13320242025€0€20,000€40,000€60,000Operating result 2024: €31,482€31,500Net result 2024: €20,266€20,300Operating result 2025: €62,451€62,500Net result 2025: €37,133€37,10020242025
The operating result rises in 2025; 2025 is 98% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €594,779
Fixed assets €485,156 ▲ 43.0%
Current assets €109,623 ▼ 34.5%
Equity and liabilities €594,779
Equity €77,399 ▲ 92.2%
Debt €517,380 ▲ 10.9%
Debt's share of the balance-sheet total falls from 92.1% to 87.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€162,284▲
2024 · €78,789
Cash flow
€136,965▲
2024 · €67,574
Current ratio
0.78▲
2024 · 0.49
Debt to equity
6.68▼
2024 · 11.59
ROE
48.0%▼
2024 · 50.3%
ROA
6.2%▲
2024 · 4.0%
Interest coverage
11.50▼
2024 · 22.23
Debt ≤ 1 year
€141,332▼
2024 · €341,164
Debt > 1 year
€376,048▲
2024 · €125,404
Income taxes
€11,203▲
2024 · €7,672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,602 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.1% went bankrupt
0.9% stopped otherwise
97% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,602 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 · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€506,834€594,779▲
Fixed assets21/28€339,366€485,156▲
Tangible fixed assets22/27€337,116€482,906▲
Land and buildings22-€229,151
Plant, machinery and equipment23€5,363€15,327▲
Furniture and vehicles24€331,753€238,428▼
Financial fixed assets28€2,250€2,250=
Current assets29/58€167,468€109,623▼
Amounts receivable within one year40/41€27,281€52,846▲
Trade receivables40€22,052€36,193▲
Other amounts receivable41€5,230€16,653▲
Cash at bank and in hand54/58€138,152€56,613▼
Deferred charges and accrued income490/1€2,035€164▼
Equity and liabilities
Total equity and liabilities10/49€506,834€594,779▲
Equity10/15€40,266€77,399▲
Contributions10/11€20,000€20,000=
Reserves13€20,266€57,399▲
Distributable reserves133€20,266€57,399▲
Amounts payable17/49€466,568€517,380▲
Amounts payable after more than one year17€125,404€376,048▲
Financial debts170/4€125,404€376,048▲
Amounts payable within one year42/48€341,164€141,332▼
Current portion of amounts payable after more than one year42-€55,259
Financial debts43€18,485-
Credit institutions430/8€18,485-
Trade debts44€241,127€6,622▼
Suppliers440/4€241,127€6,622▼
Taxes, remuneration and social security45€8,662€5,419▼
Taxes450/3€8,662€5,419▼
Other amounts payable47/48€72,889€74,032▲
Income statement Code20242025
Turnover70€165,234-
Goods, raw materials, services and sundry goods60/61€85,184-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,308€99,833▲
Other operating charges640/8€1,261€2,602▲
Gross operating margin9900€80,050€164,886▲
Operating profit (loss)9901€31,482€62,451▲
Financial charges65/66B€3,544€14,116▲
Recurring financial charges65€3,544€14,116▲
Profit (loss) for the period before taxes9903€27,938€48,335▲
Income taxes67/77€7,672€11,203▲
Profit (loss) for the period9904€20,266€37,133▲
Profit (loss) for the period to be appropriated9905€20,266€37,133▲
Appropriation of the result
Profit (loss) to be appropriated9906€20,266€37,133▲
Transfer to equity691/2€20,266€37,133▲
To other reserves6921€20,266€37,133▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Turnover70€165,234--
Goods, raw materials, services and sundry goods60/61€85,184--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,308€99,833▲ 111%
Other operating charges640/8€1,261€2,602▲ 106%
Gross operating margin9900€80,050€164,886▲ 106%
Operating profit (loss)9901€31,482€62,451▲ 98.4%
Financial charges65/66B€3,544€14,116▲ 298%
Recurring financial charges65€3,544€14,116▲ 298%
Profit (loss) for the period before taxes9903€27,938€48,335▲ 73.0%
Income taxes67/77€7,672€11,203▲ 46.0%
Profit (loss) for the period9904€20,266€37,133▲ 83.2%
Profit (loss) for the period to be appropriated9905€20,266€37,133▲ 83.2%
Line20242025Change
Assets
Total assets20/58€506,834€594,779▲ 17.4%
Fixed assets21/28€339,366€485,156▲ 43.0%
Tangible fixed assets22/27€337,116€482,906▲ 43.2%
Land and buildings22-€229,151-
Plant, machinery and equipment23€5,363€15,327▲ 186%
Furniture and vehicles24€331,753€238,428▼ 28.1%
Financial fixed assets28€2,250€2,250=
Current assets29/58€167,468€109,623▼ 34.5%
Amounts receivable within one year40/41€27,281€52,846▲ 93.7%
Trade receivables40€22,052€36,193▲ 64.1%
Other amounts receivable41€5,230€16,653▲ 218%
Cash at bank and in hand54/58€138,152€56,613▼ 59.0%
Deferred charges and accrued income490/1€2,035€164▼ 91.9%
Equity and liabilities
Total equity and liabilities10/49€506,834€594,779▲ 17.4%
Equity10/15€40,266€77,399▲ 92.2%
Contributions10/11€20,000€20,000=
Reserves13€20,266€57,399▲ 183%
Distributable reserves133€20,266€57,399▲ 183%
Amounts payable17/49€466,568€517,380▲ 10.9%
Amounts payable after more than one year17€125,404€376,048▲ 200%
Financial debts170/4€125,404€376,048▲ 200%
Amounts payable within one year42/48€341,164€141,332▼ 58.6%
Current portion of amounts payable after more than one year42-€55,259-
Financial debts43€18,485--
Credit institutions430/8€18,485--
Trade debts44€241,127€6,622▼ 97.3%
Suppliers440/4€241,127€6,622▼ 97.3%
Taxes, remuneration and social security45€8,662€5,419▼ 37.4%
Taxes450/3€8,662€5,419▼ 37.4%
Other amounts payable47/48€72,889€74,032▲ 1.6%
Line20242025Change
Profit (loss) for the period9904€20,266€37,133▲ 83.2%
+ Depreciation and write-downs630€47,308€99,833▲ 111%
Operating cash flow (approximation)€67,574€136,965▲ 103%
Investment in fixed assets (approximation)--€245,623-
Change in cash--€81,539-

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

Next filing, fiscal year 2026, expected by 31-10-2026
2026
10-07
State Gazette act Permanent representative: Steven Dewulf
Registered-office move · Power of attorney4 facts ▸
  • General meeting, 28-05-2026
  • Registered-office move, Kleine Warande 20, 8470 Gistel
  • Power of attorney, BV icount
  • Permanent representative, Steven Dewulf (permanent representative)
2025
30-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
446 m²
Building footprint
112 m²
Parcel 35005A1419/00D002, Flanders. Linked by address, not a title deed.
1 establishment unit
GILLIAERT
Kleine Warande 20, 8470 GistelSewerage
since 20232.342.498.827
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35005A1419/00D002 Flanders 445 m² 1 · 112 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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 428 EUR awarded · 428 EUR paid
Year Entries awardedpaid
2023 1 428 EUR428 EUR
Schemes
1 entry · 428 EUR · 428 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 394 companies in sector 38110 we hold annual accounts for 203. 110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-03-2023
Fiscal year end31-03
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
43990Other specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799298014
Also 9925:BE0799298014
Registered 01-04-2024

Register as of 27 September 2026 · Peppol Directory

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