Equity
€472,720 from €1.1m in 2018
Equity fell by 56% in 7 years.
GILO TUBES
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €649,541 (2008)
€126,789▼ 40.2%
lowest -€100,069 (2013)
-€1,241▼ €19,281
peak €1.1m (2018)
€472,720▼ 0.3%
€36,760▼ 57.9%
peak 14.5 FTE (2008)
2.2 FTE▼ 26.7%
Board6 names since 2019
2 directorsVANVEC and 1 other
Owners
100%GILO INVEST
Documentsfilings and deeds
28-05-202664 days before the deadline
2025financial year
Gross margin from €211,960 to €126,789Loss of €1,241Staff from 3 FTE to 2.2 FTEDebts from €87,374 to €36,760Cash from €65,282 to €24,656
Key points
from the 2025 annual accountsTurnover
≈ €320,000 estimated
The accounts state no turnover.
Staff
2.2 FTE from 14.5 in 2008
Between 2008 and 2025, 85% of the full-time equivalents disappeared.
Liquidity
10.99 was 5.32 in 2024
Short-term debts fell from €83,955 to €36,760.
Filings
49 annual accounts since 1977
Three of the last ten came late. The 2022 accounts came latest: 27 days after the end of the period.
Position in the sector
92.8%
Higher solvency than 95% of companies in fabricated metal products. Sector median 45.5% · 834 companies.
Checked score
87
Excellent
Financially stronger than 53% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.3 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.2 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 10.99, cash €24,656, halved
lowers risk
Equity €472,720 (92.8% of total assets)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 90% of them on solvency, 54% on liquidity, 34% on profitability and 34% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as GILO TUBES has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GILO TUBES itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for GILO TUBES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.99 (5.32 in 2024), above the usual 1.5. Short-term debt is 7.2% and cash 4.8% of total assets. 7.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 days early
2024
13 days early
2023
on the day
2022
27 days late
2021
on the day
2020
18 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405625888
Company renamed from BERGER-RENSON to GILO TUBES
Reappointments: VANVEC (director) and VAN MUYLDER Barbara (director) · Permanent representative: VECCHIO Jérôme · “À La mécanique de precision de métaux et d'alliages spéciaux; À La conception et la réalisation de machines…” (deed in French) · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: SRL CA.L.O.R.S. · Appointment: Barbara VAN MUYLDER · Reappointment: SRL VANVEC · General meeting of 23-09-2022 · Gazette deed
Registered office moved from Châtelet to Fleurus
New registered office: Avenue d'Heppignies, 34-6220 Fleurus · Previous registered office: Rue du Calvaire, 52-6200 Châtelet · General meeting of 28-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GILO TUBES Fleurus | €509,480 | €126,789 | 92.8% | 2.2 |
| DETRY POMPES Namur | €479,297 | €179,033 | 76.2% | 2.2 |
| VANDEVELDE Moorslede | €668,997 | €93,702 | 94.2% | 2 |
| les Ateliers HMC Herstal | €337,636 | €170,781 | 39.7% | 1.9 |
| SCHOCKAERT Ostend | €800,959 | €260,389 | 93.5% | 2.4 |
| DR AUTOMATICS Antwerp | €629,370 | €164,941 | 54.8% | 0.8 |
| STANNIC Zedelgem | €487,082 | €218,589 | 46.4% | 2 |
These companies have the same main activity as GILO TUBES: machining of metals (NACE 25530). They are comparable in size and age: total assets between €338,000 and €801,000, founded between 1957 and 1992.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Machining of metalsNACE 25530and 1 other
- Establishment unit
- 2.004.114.2286220 Fleurus, since 01-11-1938
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €509,480▼ 9.2%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 28-05-2026, 64 days before the end of the filing period
Insights on GILO TUBES
GILO TUBES has existed since 1968. The gross margin fell from €556,596 in 2012 to €230,969 in 2013.
Solvency rose in 2025 from 84.4% to 92.8% because of lower debts.
GILO INVEST holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GILO TUBES
- What is the company number of GILO TUBES?
- The company number of GILO TUBES is 0405.625.888. The VAT number is the same number with BE in front: BE 0405.625.888.
- Where is GILO TUBES based?
- The registered office is at Avenue de Heppignies 34, 6220 Fleurus.Company details
- What does GILO TUBES do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of GILO TUBES?
- GILO TUBES is a public limited company (NV).
- When was GILO TUBES founded?
- GILO TUBES was founded on 01-01-1968.
- Is GILO TUBES still active?
- Yes, GILO TUBES is an active enterprise in the KBO register.
- How many employees does GILO TUBES have?
- GILO TUBES had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GILO TUBES?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €126,789 and 1,647 comparable companies of the same size. It probably lies between €200,000 and €600,000. It is a rough estimate.
- Is GILO TUBES profitable?
- In financial year 2025, GILO TUBES made a loss of €1,241.
- Where can I find the annual accounts of GILO TUBES?
- GILO TUBES filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GILO TUBES due?
- GILO TUBES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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