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Complete company report
Generated 22-07-2026
Active BE 0406.860.065Public limited company

Gilti

Zeelaan 15 ·9900 Eeklo, Belgium· 56 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Gilti is 0.4% (very low). The 2025 annual accounts show equity of €268k and a net result of €41k. Equity remains stable across the filed fiscal years (±0.4% per year). The company has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €268k
Net result €41k
Active 56 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health93Profitability78Solvency100Growth78Stability100
90 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 78
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1969, 56 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 06-01-2026 with the NBB · fiscal year 2025 · micro
€-20k€0€20k€40k€60kOperating result 2021: €-1k€-1kNet result 2021: €-1k€-1kOperating result 2022: €-534€-534Net result 2022: €-782€-782Operating result 2023: €-2k€-2kNet result 2023: €-2k€-2kOperating result 2024: €-3k€-3kNet result 2024: €-3k€-3kOperating result 2025: €58k€58kNet result 2025: €41k€41k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±0.4%/year).
€200k€220k€240k€260k2026: €227k (€206k - €249k)2027: €226k (€205k - €248k)2028: €226k (€204k - €247k)2019: €233k2020: €233k2021: €232k2022: €231k2023: €230k2024: €226k2025: €268k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Net profit
€41k
- 19-25
Total assets
€288k
+18.1% 19-25
Equity
€268k
+18.3% 19-25
Working capital
€178k
+30.3% 19-25
Income taxes
€17k
+740.9% 19-25
Debt
€20k
+14.8% 19-25
Debt ≤ 1y
€20k
+14.8% 19-25
Current ratio
9.94
+12.0% 19-25
Quick ratio
9.94
+12.0% 19-25
Solvency
93.1%
+0.2% 19-25
Debt / equity
0.07
-3.0% 19-25
ROE
15.5%
- 19-25
ROA
14.4%
- 19-25
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€41k
Cash flow-
Staff costs-
Income taxes€17k
Dividends-
Total assets€288k
Equity€268k
Debt€20k
of which ≤ 1y€20k
of which > 1y-
Working capital€178k
Employees (FTE)-
Ratios (computed)
2025
Current ratio9.94
Quick ratio9.94
Working capital ratio62.0%
Solvency93.1%
Debt / equity0.07
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA14.4%
ROE15.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€288k
Fixed assets 21/28€89k
Tangible fixed assets 22/27€58k
Financial fixed assets 28€31k
Current assets 29/58€198k
Amounts receivable within one year 40/41€162k
Investments 50/53€15k
Cash & bank 54/58€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€288k
Equity 10/15€268k
Contributions / capital 10/11€62k
Reserves 13€206k
Accumulated profits (losses) 14€13
Amounts payable 17/49€20k
Amounts payable within one year 42/48€20k
Trade debts payable within one year 44€10k
Income statement
Gross operating margin 9900€68k
Operating result 9901€58k
Financial income 75€727
Financial charges 65€29
Result before taxes 9903€58k
Income taxes 67/77€17k
Net result for the period 9904€41k
Result to be appropriated 9905€41k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation01-10-1969
StatusActive
Postal code9900
Establishment units 1 location
GILTI
Zeelaan 15, 9900 Eeklode vervaardiging van ruitewissers, elektrische apparatuur om ijsafzetting op of om het beslaan van ruiten tegen te gaan, enz.
since 19702.003.464.229
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43005A0749/00R003 Flanders 1.0 ha 1 · 2,673 m² 6.7 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
06-01-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
30-01-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
03-01-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
14-11-2023
State Gazette act Director changes
Frank De Raedt
11-04-2023
State Gazette act Director changes
26-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
20-01-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
26-01-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
30-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
07-01-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-01-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-01-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 2 years ago
2023
14-11-2023 Desmet Francis appointed as sole director Director changes·Frank De Raedt
  • Desmet Francis, Enig bestuurder
Notary: Frank De Raedt · Lievegem
Technical details 
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      "via_org": {
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        "name": "DDL",
        "address": "8370 Uitkerke (Blankenberge) Businesspark \u201CTintersweghe\u201D, Steenovestraat 6 bus 01.04 (unit 10B)",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
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      "evidence_quote": "Met het oog op het vervullen van alle nuttige en noodzakelijke formaliteiten naar aanleiding van de door onderhavige vergadering genomen besluiten heeft de vergadering een bijzondere volmacht verleend aan de besloten vennootschap \u201CDDL\u201D te 8370 Uitkerke (Blankenberge) Businesspark \u201CTintersweghe\u201D, Ste",
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    "office_city": "Lievegem",
    "is_associated": false
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  "act_meta": {
    "language": "nl",
    "pub_date": "2023-11-14",
    "filing_date": "2023-11-10",
    "act_kind_objet": "Onderwerp akte:"
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  "decisions": [
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      "body": "algemene_vergadering",
      "date": "2023-11-08",
      "unanimous": null
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  "is_correction": false,
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  },
  "co_filed_documents": [
    "Expeditie van de akte statutenwijziging",
    "Co\u00F6rdinatie van de statuten"
  ],
  "corrected_publication_numac": null
}
11-04-2023 4 reappointed Director changes
  • Desmet Francis, Bestuurder
  • Denert Nancy, Bestuurder
  • Desmet Francis, Voorzitter
  • Desmet Francis, Gedelegeerd bestuurder
Technical details 
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  "notary": {
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  "act_meta": {
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Gilti
Registered office
Zeelaan 15
9900 Eeklo, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative