GILLO
ActiveSummary
GILLO has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,385 and a net result of €3,535. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▲+3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 23.02 against 30.41 in 2023; short-term debt: 4.3% and cash: 17.2% of total assets), and 4.3% of the assets are financed with debt.
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Signals
Three 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
47 d early
2022
56 d early
2021
3 d early
2020
4 d early
2019
4 d early
← 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 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€72,385▲ 5.1%
2023 · €68,850
Total assets
€75,673▲ 6.3%
2023 · €71,192
Net result
€3,535▲ 39.4%
2023 · €2,535
Working capital
€72,385▲ 5.1%
2023 · €68,850
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€16,082▼ 31.2%-€1,889▲ 88.3%€4,520€2,348▼ 48.1%€2,862▲ 21.9%
Net result-€24,107▼ 101%-€2,145▲ 91.1%€4,485€2,535▼ 43.5%€3,535▲ 39.4%
Equity€63,976▼ 27.4%€61,831▼ 3.4%€66,316▲ 7.3%€68,850▲ 3.8%€72,385▲ 5.1%
Total assets€75,915▼ 24.6%€63,367▼ 16.5%€68,673▲ 8.4%€71,192▲ 3.7%€75,673▲ 6.3%
Debt€11,939▼ 5.4%€1,536▼ 87.1%€2,358▲ 53.5%€2,341▼ 0.7%€3,288▲ 40.4%
Working capital€68,546▼ 12.8%€61,756▼ 9.9%€66,316▲ 7.4%€68,850▲ 3.8%€72,385▲ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 22% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €75,673
Equity
€72,385 ▲ 5.1%
Debt
€3,288 ▲ 40.4%
Debt's share of the balance-sheet total rises from 3.3% to 4.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
23.02▼
2023 · 30.41
Quick ratio
22.55▼
2023 · 29.76
Debt to equity
0.05▲
2023 · 0.03
ROE
4.9%▲
2023 · 3.7%
ROA
4.7%▲
2023 · 3.6%
Debt ≤ 1 year
€3,288▲
2023 · €2,341
Income taxes
€550▲
2023 · €442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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%.
| 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 16,986 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,978 | €75 | €75 | - | - | - |
| Other operating charges640/8 | - | €766 | €308 | €637 | €427 | ▼ 32.9% |
| Gross operating margin9900 | -€9,323 | -€1,048 | €4,903 | €2,985 | €3,289 | ▲ 10.2% |
| Operating profit (loss)9901 | -€16,082 | -€1,889 | €4,520 | €2,348 | €2,862 | ▲ 21.9% |
| Financial income75/76B | - | €528 | €1,257 | €1,085 | €1,627 | ▲ 50.0% |
| Recurring financial income75 | €2,240 | €528 | €1,257 | €1,085 | €1,627 | ▲ 50.0% |
| Financial charges65/66B | - | €661 | €706 | €455 | €404 | ▼ 11.3% |
| Recurring financial charges65 | €813 | €661 | €706 | €455 | €404 | ▼ 11.3% |
| Profit (loss) for the period before taxes9903 | -€23,991 | -€2,022 | €5,071 | €2,977 | €4,085 | ▲ 37.2% |
| Income taxes67/77 | €116 | €123 | €586 | €442 | €550 | ▲ 24.5% |
| Profit (loss) for the period9904 | -€24,107 | -€2,145 | €4,485 | €2,535 | €3,535 | ▲ 39.4% |
| Profit (loss) for the period to be appropriated9905 | -€24,107 | -€2,145 | €4,485 | €2,535 | €3,535 | ▲ 39.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,915 | €63,367 | €68,673 | €71,192 | €75,673 | ▲ 6.3% |
| Fixed assets21/28 | €150 | €75 | - | - | - | - |
| Tangible fixed assets22/27 | €150 | €75 | - | - | - | - |
| Furniture and vehicles24 | - | €75 | - | - | - | - |
| Current assets29/58 | €75,765 | €63,292 | €68,673 | €71,192 | €75,673 | ▲ 6.3% |
| Amounts receivable after more than one year29 | - | €45,900 | €45,900 | €45,900 | €45,900 | = |
| Other amounts receivable291 | - | €45,900 | €45,900 | €45,900 | €45,900 | = |
| Stocks and contracts in progress3 | €3,025 | €3,025 | €3,025 | €1,530 | €1,530 | = |
| Stocks30/36 | - | €3,025 | €3,025 | €1,530 | €1,530 | = |
| Amounts receivable within one year40/41 | €9,608 | €3,695 | €1,700 | €6,517 | €14,657 | ▲ 125% |
| Other amounts receivable41 | - | €3,695 | €1,700 | €6,517 | €14,657 | ▲ 125% |
| Cash at bank and in hand54/58 | €16,093 | €10,048 | €17,282 | €16,406 | €13,052 | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | €624 | €766 | €838 | €533 | ▼ 36.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,915 | €63,367 | €68,673 | €71,192 | €75,673 | ▲ 6.3% |
| Equity10/15 | €63,976 | €61,831 | €66,316 | €68,850 | €72,385 | ▲ 5.1% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €45,384 | €43,239 | €47,723 | €50,258 | €53,793 | ▲ 7.0% |
| Non-distributable reserves130/1 | - | €2,355 | €2,355 | €2,355 | €2,355 | = |
| Reserves not available under the articles1311 | - | €2,355 | €2,355 | €2,355 | €2,355 | = |
| Distributable reserves133 | - | €40,884 | €45,369 | €47,903 | €51,438 | ▲ 7.4% |
| Profit (loss) carried forward14 | €70,261 | - | - | - | - | - |
| Amounts payable17/49 | €11,939 | €1,536 | €2,358 | €2,341 | €3,288 | ▲ 40.4% |
| Amounts payable within one year42/48 | €7,219 | €1,536 | €2,358 | €2,341 | €3,288 | ▲ 40.4% |
| Trade debts44 | €665 | €308 | €576 | €486 | €1,108 | ▲ 128% |
| Suppliers440/4 | - | €308 | €576 | €486 | €1,108 | ▲ 128% |
| Taxes, remuneration and social security45 | - | €1,228 | €1,782 | €1,855 | €2,179 | ▲ 17.5% |
| Taxes450/3 | - | €1,228 | €1,782 | €1,855 | €2,179 | ▲ 17.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,107 | -€2,145 | €4,485 | €2,535 | €3,535 | ▲ 39.4% |
| + Depreciation and write-downs630 | €5,978 | €75 | €75 | - | - | - |
| Operating cash flow (approximation) | -€18,129 | -€2,070 | €4,560 | €2,535 | €3,535 | ▲ 39.4% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€6,044 | €7,234 | -€876 | -€3,354 | ▼ 283% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,485
Net result €4,485 after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 41.21
Current ratio from 10.50 to 41.21; short-term debt falls from €7,219 to €1,536.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€24,107
Net result drops to -€24,107, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1982
Ground area
164 m²
Building footprint
109 m²
Volume, LiDAR
1,546 m³
Parcel 11808H1198/00B004, Flanders · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Van Leriusstraat 57, 2018 Antwerpen
since 19822.020.688.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1198/00B004 | Flanders | 164 m² | 1 · 109 m² | 19.3 m · 5 fl. |
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.
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Of 458 companies in sector 47712 we hold annual accounts for 268. 197 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 (pre-2019)
Founded11-05-1982
Fiscal year end31-12
Activities, NACEBEL 2025
47712Retail trade
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422733027
Also
9925:BE0422733027
Registered
06-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.