Equity
€1.2m ▲ 12.6%
GIMAPI has made a profit without a break since 2014.
GIMAPI
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €398,321 (2023)
€273,194▼ 14.6%
lowest -€6,160 (2013)
€131,701▼ 17.3%
peak €1.2m (2025)
€1.2m▲ 12.6%
€983,649▼ 9.5%
Board2 names since 2013
2 directorsNollet Piet and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €319,915 to €273,194Equity from €1.0m to €1.2mCash from €18,379 to €311,628
Key points
from the 2025 annual accountsFilings
23 annual accounts since 2003
The last five annual accounts were filed 0 to 4 days before the end of the period.
Position in the sector
€131,701
Higher net result than 93% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
98
Excellent
Financially stronger than 80% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged 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 02-2026
04-2026: 0.1%● unchanged vs 03-2026highest value
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €2.3m
Liquidity: current ratio 2.74, cash €311,628
Figures for financial year 2025 (filed on 30-04-2026)
Equity €1.2m (52.3% of total assets)
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 68, small). It does better than 70% of them on solvency, 92% on liquidity, 85% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-09-2025.
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, 20,137 companies had the same profile as GIMAPI has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of GIMAPI itself: < 0.1% 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 20,137 companies, not a prediction for GIMAPI. 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 €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.74 (1.79 in 2024), above the usual 1.5. Short-term debt is 9.5% and cash 13.8% of total assets. 47.7% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
4 days early
2021
1 day early
2020
23 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 4 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
NP
Nollet Piet
Director, since 11-06-2013
TE
Timmerman Els
Director, since 11-06-2013
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476957314
First establishment
Tieltsesteenweg 153, Aalter
Incorporation
published on 08-03-2002 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as GIMAPI: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.1m and €2.5m, founded between 2000 and 2002.
Official details
Source: KBO- Status
- Active since 22-02-2002Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.101.657.2309880 Aalter, since 25-03-2002
- Financial year end
- 30 September
- Peppol
- Reachable since 26-12-2025
Annual accounts to 30-09-2025
- ≈ €480,000estimated
- €2.3m▲ 1.3%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on GIMAPI
GIMAPI files the micro format. That format states no turnover. The gross margin rose from -€369 in 2007 to €273,194 in 2025.
The balance sheet grew most from 2013 to 2014 through fixed assets.
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 GIMAPI
- What is the company number of GIMAPI?
- The company number of GIMAPI is 0476.957.314. The VAT number is the same number with BE in front: BE 0476.957.314.
- Where is GIMAPI based?
- The registered office is at Tieltsesteenweg 153, 9880 Aalter.Company details
- What does GIMAPI do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of GIMAPI?
- GIMAPI is a private limited company (pre-2019) (BVBA).
- When was GIMAPI founded?
- GIMAPI was founded on 22-02-2002.
- Is GIMAPI still active?
- Yes, GIMAPI is an active enterprise in the KBO register.
- What is the turnover of GIMAPI?
- The turnover in financial year 2025 is ≈ €480,000. This figure is estimated from the gross margin of €273,194 and 43 comparable companies (NACE 681). It probably lies between €360,000 and €800,000.Financials
- Is GIMAPI profitable?
- In financial year 2025, GIMAPI made a profit of €131,701.
- Where can I find the annual accounts of GIMAPI?
- GIMAPI filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GIMAPI due?
- GIMAPI must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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