GILLTECH
ActiveGILLTECH has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €87k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 474 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-4
Solvency67▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.48 in 2024; short-term debt: 56.1% and cash: 2.6% of total assets), but 57.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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 dateAge against the risk zone
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
42.4%
Return on assets
14.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €251k
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
13 d early
2023
30 d early
2022
171 d early
2021
27 d early
2020
11 d late
2019
77 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€87k▲ 4.3%
2024 · €84k
2018: €-7k
2019: €-2k
2020: €-292
2021: €-10k
2022: €35k
2023: €57k
2024: €84k
2018 → 2025
Working capital
€219k▲ 54.1%
2024 · €142k
2018: €2k
2019: €-328
2020: €-620
2021: €-35k
2022: €9k
2023: €66k
2024: €142k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€-11k-€24k€80k▲ 239%€164k▲ 104%€251k▲ 53.2%
Operating result€-10k-€47k€87k▲ 85.3%€127k▲ 45.4%€134k▲ 5.8%
Net result€-10k-€35k€57k▲ 65.6%€84k▲ 46.0%€87k▲ 4.3%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€41k▼ 4.0%
Current assets
€552k▲ 26.3%
Equity and liabilities €593k
Equity
€251k▲ 53.2%
Debt
€342k▲ 8.2%
The debt ratio falls from 65.8% to 57.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€149k▲
2024 · €137k
Cash flow
€101k▲
2024 · €94k
Solvency
42.4%▲
2024 · 34.2%
Current ratio
1.66▲
2024 · 1.48
Quick ratio
0.89▲
2024 · 0.82
Debt / equity
1.36▼
2024 · 1.93
ROE
34.7%▼
2024 · 51.0%
ROA
14.7%▼
2024 · 17.5%
Interest coverage
63.53▼
2024 · 64.75
Debt
€342k▲
2024 · €316k
Debt ≤ 1 year
€333k▲
2024 · €295k
Debt > 1 year
€9k▼
2024 · €21k
Income taxes
€45k▲
2024 · €42k
Staff costs
€28k▲
2024 · €15k
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€480k€593k▲
Fixed assets21/28€43k€41k▼
Intangible fixed assets21-€5k
Tangible fixed assets22/27€43k€36k▼
Plant, machinery and equipment23€976€3k▲
Furniture and vehicles24€37k€30k▼
Other tangible fixed assets26€5k€3k▼
Current assets29/58€437k€552k▲
Stocks and contracts in progress3€196k€255k▲
Stocks30/36€196k€255k▲
Amounts receivable within one year40/41€166k€277k▲
Trade receivables40€165k€269k▲
Other amounts receivable41€845€8k▲
Cash at bank and in hand54/58€73k€15k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€480k€593k▲
Equity10/15€164k€251k▲
Contributions10/11€29k€29k=
Reserves13€135k€222k▲
Distributable reserves133€135k€222k▲
Profit (loss) carried forward14€63€109▲
Amounts payable17/49€316k€342k▲
Amounts payable after more than one year17€21k€9k▼
Financial debts170/4€21k€9k▼
Amounts payable within one year42/48€295k€333k▲
Current portion of amounts payable after more than one year42€12k€12k▼
Trade debts44€233k€305k▲
Suppliers440/4€233k€305k▲
Taxes, remuneration and social security45€34k€10k▼
Taxes450/3€32k€8k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€16k€6k▼
Income statement
Code20242025
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Remuneration, social security and pensions62€15k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€157k€178k▲
Operating profit (loss)9901€127k€134k▲
Financial income75/76B€589€669▲
Recurring financial income75€589€669▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€126k€133k▲
Income taxes67/77€42k€45k▲
Profit (loss) for the period9904€84k€87k▲
Profit (loss) for the period to be appropriated9905€84k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€87k▲
Profit (loss) brought forward from the previous period14P€1€63▲
Transfer to equity691/2€84k€87k▲
To other reserves6921€84k€87k▲
Social balance
Average headcount (FTE)90870.51.0▲
The notes to these accounts (18 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €87k ▲4.3%
Operating result €134k, net result €87k, both a record.
31-12
Financial
Equity above €200kEq €251k ▲53.2%
4 profitable years in a row build equity to €251k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €150kEq €164k ▲104%
3 profitable years in a row build equity to €164k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €35k
Net result €35k after 4 loss-making years.
31-12
Financial
Liquidity times 13current ratio 1.12
Current ratio from 0.09 to 1.12.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Theux · 1 establishment unit since 1998
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.
Rue Gaston Barla 274910 TheuxGround area
3,102 m²
Building footprint
266 m²
Volume, LiDAR
1,613 m³
Parcel 63060C0073/00D005, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GILLTECH
since 19982.086.297.774
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63060C0073/00D005 | Wallonia | 3,102 m² | 1 · 266 m² | 10.3 m · 2 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.
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Of 3,717 companies in sector 33120 we hold annual accounts for 1,341. 1,085 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-1998
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
25530Machining of metals
33190Repair, maintenance and installation of machinery and equipment
49410Freight transport by road
93129Activities of other sports clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.