Gillyconvalley
ActiveSummary
Gillyconvalley has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-46k) and a net result of €-49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-12
Solvency22▼-3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.09 in 2024; short-term debt: 70.3% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.3%
Return on assets
-3.5%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-46k
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 29-10-2025, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
24 d early
2023
2 d late
2022
3 d early
2021
5 d late
2020
10 d late
2019
28 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-49k
2024 · €32k
2019: €-6k
2020: €-2k▲ +69.1% vs 2019
2021: €15k▲ +943% vs 2020
2022: €-21k▼ -240% vs 2021
2023: €-17k▲ +17.5% vs 2022
2024: €32k▲ +286% vs 2023highest in 7 years
2025: €-49k▼ -255% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-812k▼ 26.7%
2024 · €-640k
2019: €-8k
2020: €-10k▼ -29.4% vs 2019
2021: €-7k▲ +28.2% vs 2020highest in 7 years
2022: €-173k▼ -2253% vs 2021
2023: €-451k▼ -160% vs 2022
2024: €-640k▼ -42.0% vs 2023
2025: €-812k▼ -26.7% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€-12k€-29k▼ 146%€3k€-46k
2021: €9khighest in 5 years
2022: €-12k▼ -230% vs 2021
2023: €-29k▼ -146% vs 2022
2024: €3k▲ +110% vs 2023
2025: €-46k▼ -1694% vs 2024lowest in 5 years
Operating result€21k-€-2k€-3k▼ 59.8%€-23k▼ 770%€-87k▼ 275%
2021: €21khighest in 5 years
2022: €-2k▼ -108% vs 2021
2023: €-3k▼ -59.8% vs 2022
2024: €-23k▼ -770% vs 2023
2025: €-87k▼ -275% vs 2024lowest in 5 years
Net result€15k-€-21k€-17k▲ 17.5%€32k€-49k
2021: €15k
2022: €-21k▼ -240% vs 2021
2023: €-17k▲ +17.5% vs 2022
2024: €32k▲ +286% vs 2023highest in 5 years
2025: €-49k▼ -255% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €87k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€1.23M ▲ 7.0%
Current assets
€186k ▲ 195%
Key figures and ratios
EBITDA
€-15k▼
2024 · €18k
Cash flow
€23k▼
2024 · €73k
Solvency
-3.3%▼
2024 · 0.2%
Current ratio
0.19▲
2024 · 0.09
Debt to equity
-31.58
ROA
-3.5%▼
2024 · 2.6%
Interest coverage
-1.24▼
2024 · 0.49
Debt
€1.47M▲
2024 · €1.21M
Debt ≤ 1 year
€998k▲
2024 · €703k
Debt > 1 year
€467k▼
2024 · €508k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.21M€1.42M▲
Fixed assets21/28€1.15M€1.23M▲
Tangible fixed assets22/27€768k€849k▲
Land and buildings22€665k€724k▲
Furniture and vehicles24€204€30▼
Other tangible fixed assets26€103k€125k▲
Financial fixed assets28€384k€384k=
Current assets29/58€63k€186k▲
Amounts receivable within one year40/41€61k€185k▲
Trade receivables40€61k-
Other amounts receivable41-€185k
Cash at bank and in hand54/58€518€466▼
Deferred charges and accrued income490/1€1k€891▼
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.42M▲
Equity10/15€3k€-46k▼
Contributions10/11€2€2=
Reserves13€498€498=
Non-distributable reserves130/1€498€498=
Reserves not available under the articles1311€498€498=
Profit (loss) carried forward14€2k€-47k▼
Amounts payable17/49€1.21M€1.47M▲
Amounts payable after more than one year17€508k€467k▼
Financial debts170/4€506k€465k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€703k€998k▲
Current portion of amounts payable after more than one year42€45k€45k▼
Trade debts44€55k€12k▼
Suppliers440/4€55k€12k▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€604k€938k▲
Accrued charges and deferred income492/3-€915
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€73k▲
Other operating charges640/8€15k€13k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€33k€-2k▼
Operating profit (loss)9901€-23k€-87k▼
Financial income75/76B€91k€50k▼
Recurring financial income75€91k€50k▼
Financial charges65/66B€36k€12k▼
Recurring financial charges65€36k€12k▼
Profit (loss) for the period before taxes9903€32k€-49k▼
Profit (loss) for the period9904€32k€-49k▼
Profit (loss) for the period to be appropriated9905€32k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-47k▼
Profit (loss) brought forward from the previous period14P€-29k€2k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €360 | €100 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €28k | €37k | €41k | €73k | ▲ 77.7% |
| Other operating charges640/8 | - | €8k | €5k | €15k | €13k | ▼ 15.6% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | €28k | €34k | €39k | €33k | €-2k | ▼ 106% |
| Operating profit (loss)9901 | €21k | €-2k | €-3k | €-23k | €-87k | ▼ 275% |
| Financial income75/76B | - | - | €45 | €91k | €50k | ▼ 45.1% |
| Recurring financial income75 | €1 | - | €45 | €91k | €50k | ▼ 45.1% |
| Financial charges65/66B | - | €19k | €15k | €36k | €12k | ▼ 66.9% |
| Recurring financial charges65 | €5k | €19k | €15k | €36k | €12k | ▼ 66.9% |
| Profit (loss) for the period before taxes9903 | €16k | €-21k | €-17k | €32k | €-49k | ▼ 255% |
| Income taxes67/77 | €1k | €-133 | - | - | - | - |
| Profit (loss) for the period9904 | €15k | €-21k | €-17k | €32k | €-49k | ▼ 255% |
| Profit (loss) for the period to be appropriated9905 | €15k | €-21k | €-17k | €32k | €-49k | ▼ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128k | €624k | €972k | €1.21M | €1.42M | ▲ 16.8% |
| Fixed assets21/28 | €122k | €622k | €971k | €1.15M | €1.23M | ▲ 7.0% |
| Tangible fixed assets22/27 | €122k | €622k | €587k | €768k | €849k | ▲ 10.6% |
| Land and buildings22 | - | €621k | €587k | €665k | €724k | ▲ 8.9% |
| Furniture and vehicles24 | - | €1k | €511 | €204 | €30 | ▼ 85.3% |
| Other tangible fixed assets26 | - | - | - | €103k | €125k | ▲ 21.7% |
| Financial fixed assets28 | - | - | €384k | €384k | €384k | = |
| Current assets29/58 | €6k | €2k | €1k | €63k | €186k | ▲ 195% |
| Amounts receivable within one year40/41 | €4k | - | - | €61k | €185k | ▲ 203% |
| Trade receivables40 | - | - | - | €61k | - | - |
| Other amounts receivable41 | - | - | - | - | €185k | - |
| Cash at bank and in hand54/58 | €1k | €2k | €114 | €518 | €466 | ▼ 10.1% |
| Deferred charges and accrued income490/1 | - | €176 | €1k | €1k | €891 | ▼ 40.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128k | €624k | €972k | €1.21M | €1.42M | ▲ 16.8% |
| Equity10/15 | €9k | €-12k | €-29k | €3k | €-46k | ▼ 1,694% |
| Contributions10/11 | - | €2 | €2 | €2 | €2 | = |
| Reserves13 | €498 | €498 | €498 | €498 | €498 | = |
| Non-distributable reserves130/1 | - | €498 | €498 | €498 | €498 | = |
| Reserves not available under the articles1311 | - | €498 | €498 | €498 | €498 | = |
| Profit (loss) carried forward14 | €9k | €-12k | €-29k | €2k | €-47k | ▼ 2,046% |
| Amounts payable17/49 | €119k | €636k | €1.00M | €1.21M | €1.47M | ▲ 20.9% |
| Amounts payable after more than one year17 | €105k | €461k | €549k | €508k | €467k | ▼ 8.2% |
| Financial debts170/4 | - | €459k | €547k | €506k | €465k | ▼ 8.2% |
| Other amounts payable178/9 | - | €2k | €2k | €2k | €2k | = |
| Amounts payable within one year42/48 | €13k | €175k | €452k | €703k | €998k | ▲ 41.8% |
| Current portion of amounts payable after more than one year42 | - | €44k | €44k | €45k | €45k | ▼ 0.1% |
| Financial debts43 | - | - | €165k | - | - | - |
| Credit institutions430/8 | - | - | €165k | - | - | - |
| Trade debts44 | €761 | €6k | €1k | €55k | €12k | ▼ 77.9% |
| Suppliers440/4 | - | €6k | €1k | €55k | €12k | ▼ 77.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €3k | - |
| Taxes450/3 | - | - | - | - | €3k | - |
| Other amounts payable47/48 | - | €126k | €242k | €604k | €938k | ▲ 55.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €915 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €-21k | €-17k | €32k | €-49k | ▼ 255% |
| + Depreciation and write-downs630 | €6k | €28k | €37k | €41k | €73k | ▲ 77.7% |
| Operating cash flow (approximation) | €20k | €7k | €20k | €73k | €23k | ▼ 67.8% |
| Investment in fixed assets (approximation) | - | €-528k | €-386k | €-221k | €-154k | ▲ 30.5% |
| Change in cash | - | €573 | €-2k | €404 | €-52 | ▼ 113% |
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
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series.
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
31-03
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waterloo · 1 establishment unit since 2017
Ground area
2,037 m²
Building footprint
314 m²
Volume, LiDAR
2,044 m³
2 parcels, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Gillyconvalley
since 20172.264.007.318
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0463/00A000 | Wallonia | 1,947 m² | 1 · 249 m² | 9.8 m · 2 fl. |
| 52342B0052/00C000 | Wallonia | 89 m² | 1 · 65 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 803 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
Founded05-04-2017
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.