Checked.be
Active
BE 0453.396.608Public limited company
GILVER
Ogezlaan 33 ·2500 Lier, Belgium· 31 yrs active
Sector: Wholesale of clothing, excluding workwear and underwear
(46423)
Conclusion
GILVER has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-245k) and a net result of €17. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 5% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-245k |
| Net result | €17 |
| Staff (FTE) | 1 |
| Better than sector | 5% |
Financial profile
37
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
33
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
8
2021
16
2022
10
2023
8
2024
0
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.13 (< 1.0)
-10
Quick ratio
Quick ratio 0.13 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
Negatieve ROE 0%
-10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1%/year).
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).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -694.7% | 44.7% | |
| Net result | €17 | €31k | |
| Equity | €-245k | €398k | |
| Gross operating margin | €34k | €211k | |
| Staff costs | €33k | €189k |
€27k
+385.5%
21-25
€17
-99.6%
21-25
€26k
+393.7%
21-25
€35k
-7.5%
21-25
€-245k
0.0%
21-25
€-241k
-0.7%
21-25
1
+11.1%
21-25
€33k
-7.7%
21-25
€281k
-1.0%
21-25
€277k
-0.5%
21-25
€4k
-28.8%
21-25
0.13
-7.1%
21-25
0.13
-7.1%
21-25
-694.7%
-8.1%
21-25
-1.14
+1.0%
21-25
0.0%
+99.6%
21-25
0.0%
-99.6%
21-25
89.75
+147.3%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | +385.5% | - |
| Net profit | -99.6% | - | - | +80.3% | - |
| Cash flow | - | - | - | +393.7% | - |
| Staff costs | -7.7% | +9.5% | +19.0% | +0.8% | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -7.5% | +41.8% | -43.5% | -12.3% | - |
| Equity | 0.0% | +1.9% | -1.4% | +3.5% | - |
| Debt | -1.0% | +2.3% | -5.9% | -5.1% | - |
| of which ≤ 1y | -0.5% | +0.3% | -5.9% | -5.1% | - |
| of which > 1y | -28.8% | - | - | - | - |
| Working capital | -0.7% | +4.1% | -1.4% | +9.7% | - |
| Employees (FTE) | +11.1% | -10.0% | 0.0% | 0.0% | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.13 | 0.14 | 0.10 | 0.16 | 0.12 |
| Quick ratio | 0.13 | 0.14 | 0.10 | 0.16 | 0.12 |
| Working capital ratio | -683.5% | -627.8% | -928.5% | -517.1% | -501.8% |
| Solvency | -694.7% | -642.4% | -928.5% | -517.1% | -470.0% |
| Debt / equity | -1.14 | -1.16 | -1.11 | -1.19 | -1.21 |
| Long-term debt ratio | -0.02 | -0.02 | - | - | - |
| Interest coverage | - | - | - | 89.75 | 36.29 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.0% | 12.5% | -12.8% | 18.9% | 9.2% |
| ROE | 0.0% | -1.9% | 1.4% | -3.7% | -2.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €35k | €38k | €27k | €48k | €54k |
| Fixed assets | 21/28 | - | - | - | - | €17k |
| Tangible fixed assets | 22/27 | - | - | - | - | €17k |
| Current assets | 29/58 | €35k | €38k | €27k | €48k | €37k |
| Amounts receivable within one year | 40/41 | €35k | €37k | €25k | €48k | €37k |
| Cash & bank | 54/58 | €594 | €2k | €2k | €14 | - |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €35k | €38k | €27k | €48k | €54k |
| Equity | 10/15 | €-245k | €-245k | €-250k | €-247k | €-256k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €4k | €4k | €4k | €4k | €4k |
| Accumulated profits (losses) | 14 | €-311k | €-311k | €-316k | €-312k | €-321k |
| Amounts payable | 17/49 | €281k | €283k | €277k | €294k | €310k |
| Amounts payable after one year | 17 | €4k | €6k | - | - | - |
| Amounts payable within one year | 42/48 | €277k | €278k | €277k | €294k | €310k |
| Trade debts payable within one year | 44 | - | €2k | €18k | €18k | €23k |
| Income statement | ||||||
| Gross operating margin | 9900 | €34k | €44k | €30k | €56k | €33k |
| Operating result | 9901 | €154 | €7k | €-3k | €9k | €5k |
| Financial charges | 65 | €137 | €2k | €100 | €297 | €151 |
| Result before taxes | 9903 | €17 | €5k | €-3k | €9k | €5k |
| Net result for the period | 9904 | €17 | €5k | €-3k | €9k | €5k |
| Result to be appropriated | 9905 | €17 | €5k | €-3k | €9k | €5k |
Legal Structure
| NACE primary | Wholesale of clothing, excluding workwear and underwear(46423) |
| Legal form | Public limited company(014) |
| Incorporation | 12-09-1994 |
| Status | Active |
| Postal code | 2500 |
Establishment units
GILVER
since 20032.134.141.738
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393F0286/00S010 | Flanders | 306 m² | 1 · 154 m² | 13.6 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 485 days late
2023
31-12
Financial
Weakest financial yearnet €-3k ▼138%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 275 days late
2022
31-12
Financial
Highest result since 2021net €9k ▲80.3%
Operating result €9k, net result €9k, both a record.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 498 days late
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 100 days late
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of clothing, excluding workwear and underwear4642351421Holdings64200Activities of holding companies6421074151
Names & trade names
| Legal nameNL | GILVER |
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