Giltec Plus
ActiveSummary
Giltec Plus has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,145 and a net result of €23,958. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 11425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency74▼-16
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 2.81 in 2024; short-term debt: 51.3% and cash: 5% of total assets), but 51.3% of the assets are financed with debt.
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Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
48.7%
Return on assets
37.5%
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 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
22 d early
2023
43 d early
2022
28 d early
2021
18 d early
2020
47 d early
2019
92 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€31,145▼ 16.2%
2024 · €37,186
Total assets
€63,931▲ 11.4%
2024 · €57,391
Net result
€23,958▲ 9.9%
2024 · €21,794
Working capital
€29,965▼ 18.0%
2024 · €36,564
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
Line20212022202320242025
Operating result€32,537▲ 316%€41,421▲ 27.3%€83,371▲ 101%€29,360▼ 64.8%€32,855▲ 11.9%
Net result€22,585▲ 201%€30,043▲ 33.0%€59,965▲ 99.6%€21,794▼ 63.7%€23,958▲ 9.9%
Equity€65,384▲ 4.1%€35,427▼ 45.8%€35,392▼ 0.1%€37,186▲ 5.1%€31,145▼ 16.2%
Total assets€94,411▲ 45.0%€115,189▲ 22.0%€99,396▼ 13.7%€57,391▼ 42.3%€63,931▲ 11.4%
Debt€29,027▲ 1,164%€79,762▲ 175%€64,004▼ 19.8%€20,204▼ 68.4%€32,786▲ 62.3%
Working capital€60,731▲ 8.0%€30,334▼ 50.1%€33,515▲ 10.5%€36,564▲ 9.1%€29,965▼ 18.0%
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 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,931
Fixed assets
€1,179 ▲ 89.5%
Current assets
€62,752 ▲ 10.5%
Equity and liabilities €63,931
Equity
€31,145 ▼ 16.2%
Debt
€32,786 ▲ 62.3%
Debt's share of the balance-sheet total rises from 35.2% to 51.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33,893▲
2024 · €30,615
Cash flow
€24,996▲
2024 · €23,049
Current ratio
1.91▼
2024 · 2.81
Quick ratio
1.02▼
2024 · 1.33
Debt to equity
1.05▲
2024 · 0.54
ROE
76.9%▲
2024 · 58.6%
ROA
37.5%▼
2024 · 38.0%
Interest coverage
38.49▼
2024 · 42.82
Debt ≤ 1 year
€32,786▲
2024 · €20,204
Income taxes
€8,606▲
2024 · €7,764
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,821 | €3,221 | €3,217 | €1,255 | €1,038 | ▼ 17.2% |
| Other operating charges640/8 | - | €193 | €195 | €205 | €221 | ▲ 7.6% |
| Gross operating margin9900 | €35,548 | €44,834 | €86,782 | €30,820 | €34,114 | ▲ 10.7% |
| Operating profit (loss)9901 | €32,537 | €41,421 | €83,371 | €29,360 | €32,855 | ▲ 11.9% |
| Financial income75/76B | - | €463 | €538 | €913 | €590 | ▼ 35.3% |
| Recurring financial income75 | - | €463 | €538 | €913 | €590 | ▼ 35.3% |
| Financial charges65/66B | - | €509 | €2,409 | €715 | €881 | ▲ 23.2% |
| Recurring financial charges65 | €1,283 | €509 | €2,409 | €715 | €881 | ▲ 23.2% |
| Profit (loss) for the period before taxes9903 | €31,254 | €41,375 | €81,500 | €29,558 | €32,565 | ▲ 10.2% |
| Income taxes67/77 | €8,669 | €11,332 | €21,535 | €7,764 | €8,606 | ▲ 10.9% |
| Profit (loss) for the period9904 | €22,585 | €30,043 | €59,965 | €21,794 | €23,958 | ▲ 9.9% |
| Profit (loss) for the period to be appropriated9905 | €22,585 | €30,043 | €59,965 | €21,794 | €23,958 | ▲ 9.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,411 | €115,189 | €99,396 | €57,391 | €63,931 | ▲ 11.4% |
| Fixed assets21/28 | €4,653 | €5,093 | €1,877 | €622 | €1,179 | ▲ 89.5% |
| Tangible fixed assets22/27 | €4,653 | €5,093 | €1,877 | €622 | €1,179 | ▲ 89.5% |
| Furniture and vehicles24 | - | €5,093 | €1,877 | €622 | €1,179 | ▲ 89.5% |
| Current assets29/58 | €89,758 | €110,096 | €97,519 | €56,768 | €62,752 | ▲ 10.5% |
| Stocks and contracts in progress3 | €17,337 | €23,063 | €34,555 | €29,878 | €29,354 | ▼ 1.8% |
| Stocks30/36 | - | €23,063 | €34,555 | €29,878 | €29,354 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €12,528 | €22,911 | €38,047 | €16,521 | €29,554 | ▲ 78.9% |
| Trade receivables40 | - | €10,448 | €24,568 | €320 | €12,083 | ▲ 3,676% |
| Other amounts receivable41 | - | €12,462 | €13,479 | €16,201 | €17,471 | ▲ 7.8% |
| Cash at bank and in hand54/58 | €59,448 | €63,665 | €24,739 | €9,852 | €3,187 | ▼ 67.7% |
| Deferred charges and accrued income490/1 | - | €458 | €178 | €518 | €656 | ▲ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,411 | €115,189 | €99,396 | €57,391 | €63,931 | ▲ 11.4% |
| Equity10/15 | €65,384 | €35,427 | €35,392 | €37,186 | €31,145 | ▼ 16.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €43,384 | €13,427 | €13,392 | €15,186 | €9,145 | ▼ 39.8% |
| Amounts payable17/49 | €29,027 | €79,762 | €64,004 | €20,204 | €32,786 | ▲ 62.3% |
| Amounts payable within one year42/48 | €29,027 | €79,762 | €64,004 | €20,204 | €32,786 | ▲ 62.3% |
| Trade debts44 | €358 | €8,430 | €469 | €204 | €2,786 | ▲ 1,264% |
| Suppliers440/4 | - | €8,430 | €469 | €204 | €2,786 | ▲ 1,264% |
| Taxes, remuneration and social security45 | - | €11,332 | €3,535 | €0 | - | - |
| Taxes450/3 | - | €11,332 | €3,535 | €0 | - | - |
| Other amounts payable47/48 | - | €60,000 | €60,000 | €20,000 | €30,000 | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,585 | €30,043 | €59,965 | €21,794 | €23,958 | ▲ 9.9% |
| + Depreciation and write-downs630 | €2,821 | €3,221 | €3,217 | €1,255 | €1,038 | ▼ 17.2% |
| Operating cash flow (approximation) | €25,406 | €33,264 | €63,182 | €23,049 | €24,996 | ▲ 8.4% |
| Investment in fixed assets (approximation) | - | -€3,661 | €0 | €0 | -€1,595 | - |
| Change in cash | - | €4,217 | -€38,925 | -€14,887 | -€6,665 | ▲ 55.2% |
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
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €59,965 ▲99.6%
Operating result €83,371, net result €59,965, both a record.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €7,495
Net result €7,495 after one loss-making year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostkamp · 1 establishment unit since 2010
Ground area
198 m²
Building footprint
76 m²
Volume, LiDAR
483 m³
Parcel 31403F0019/00Y000, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Giltec Plus
since 20102.190.507.844
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0019/00Y000 | Flanders | 198 m² | 1 · 76 m² | 9.0 m · 3 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 136 companies in sector 46641 we hold annual accounts for 86. 36 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
Founded12-07-2010
Fiscal year end30-06
Activities, NACEBEL 2025
46641Wholesale trade
47610Retail trade
47690Retail sale of other cultural and recreation goods
47742Retail sale of prescription glasses, lenses and sunglasses
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.