Gilmax
ActiveGilmax has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €-14k. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very 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
Profitability38▼-62
Solvency62▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.22 in 2024; short-term debt: 20.8% and cash: 26.7% of total assets), but 63% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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
37%
Return on assets
-8.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-12-2025, 58 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
58 d early
2024
53 d early
2023
21 d late
2022
56 d early
2021
54 d early
2020
51 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 26.5%
2024 · €84k
2020: €3k
2021: €20k
2022: €26k
2023: €38k
2024: €84k
2020 → 2025
Total assets
€168k▼ 19.2%
2024 · €207k
2020: €13k
2021: €32k
2022: €36k
2023: €87k
2024: €207k
2020 → 2025
Net result
€-14k
2024 · €53k
2020: €3k
2021: €16k
2022: €7k
2023: €25k
2024: €53k
2020 → 2025
Working capital
€33k▼ 10.8%
2024 · €37k
2020: €3k
2021: €20k
2022: €26k
2023: €38k
2024: €37k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€26k▲ 33.9%€38k▲ 43.1%€84k▲ 124%€62k▼ 26.5%
Operating result€23k-€11k▼ 50.2%€35k▲ 207%€70k▲ 99.7%€-10k
Net result€16k-€7k▼ 59.5%€25k▲ 280%€53k▲ 108%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €70k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168k
Fixed assets
€99k▼ 28.7%
Current assets
€68k▲ 0.4%
Equity and liabilities €168k
Equity
€62k▼ 26.5%
Debt
€106k▼ 14.2%
The debt ratio rises from 59.3% to 63.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €70k
Cash flow
€11k▼
2024 · €53k
Solvency
37.0%▼
2024 · 40.7%
Current ratio
1.95▼
2024 · 2.22
Quick ratio
1.95▼
2024 · 2.22
Debt / equity
1.70▲
2024 · 1.46
ROE
-23.2%▼
2024 · 62.5%
ROA
-8.6%▼
2024 · 25.4%
Interest coverage
3.63▼
2024 · 366.74
Debt
€106k▼
2024 · €123k
Debt ≤ 1 year
€35k▲
2024 · €31k
Debt > 1 year
€71k▼
2024 · €92k
Income taxes
€378▼
2024 · €17k
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€207k€168k▼
Fixed assets21/28€140k€99k▼
Tangible fixed assets22/27€140k€99k▼
Furniture and vehicles24€140k€99k▼
Current assets29/58€68k€68k▲
Amounts receivable within one year40/41€62k€21k▼
Trade receivables40€50k€9k▼
Other amounts receivable41€12k€12k▲
Cash at bank and in hand54/58€5k€45k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€207k€168k▼
Equity10/15€84k€62k▼
Contributions10/11€600€600=
Reserves13€84k€61k▼
Distributable reserves133€84k€61k▼
Amounts payable17/49€123k€106k▼
Amounts payable after more than one year17€92k€71k▼
Financial debts170/4€92k€71k▼
Amounts payable within one year42/48€31k€35k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€2k€974▼
Suppliers440/4€2k€974▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€6k€8k▲
Income statement
Code20242025
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€341€25k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€71k€17k▼
Operating profit (loss)9901€70k€-10k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€190€4k▲
Recurring financial charges65€190€4k▲
Profit (loss) for the period before taxes9903€69k€-14k▼
Income taxes67/77€17k€378▼
Profit (loss) for the period9904€53k€-14k▼
Profit (loss) for the period to be appropriated9905€53k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-14k▼
Transfer from equity791/2€6k€22k▲
Transfer to equity691/2€53k-
To other reserves6921€53k-
Profit to be distributed694/7€6k€8k▲
Return on contributions (dividend)694€6k€8k▲
The notes to these accounts (7 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
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-14k ▼127%
Net result drops to €-14k, the lowest in the series.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2020net €53k ▲108%
Operating result €70k, net result €53k, both a record.
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis-Waas · 1 establishment unit since 2019
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.
Geinsteindestraat(SP) 569170 Sint-Gillis-WaasGround area
899 m²
Building footprint
123 m²
Volume, LiDAR
729 m³
Parcel 46022A0640/00F000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gilmax
since 20192.290.766.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022A0640/00F000 | Flanders | 898 m² | 1 · 123 m² | 8.3 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.
Similar companies · same sector, comparable size
JOBU
BE 1018.299.664
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DESSCON
BE 1004.453.212
Kortrijk · Eq €62k
ASTOU
BE 0476.414.609
Zoersel · Eq €62k
FAIDHERBE, HAUBURSIN & FILS
BE 0713.819.733
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Veerkracht
BE 0785.941.213
Leuven · Eq €62k
Of 5,696 companies in sector 70100 we hold annual accounts for 3,489. 2,122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2019
Fiscal year end30-06
Activities, NACEBEL
70100Activities of head offices
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.