GIMARCO
ActiveGIMARCO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27.18M and a net result of €434k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 90% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+6
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.82 in 2024), and 12.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
87.4%
Return on assets
1.4%
Age of the figures
14 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
43 d early
2023
42 d early
2022
41 d early
2021
52 d early
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€27.18M▲ 1.6%
2024 · €26.74M
2019: €26.35M
2020: €26.46M
2021: €26.52M
2022: €26.57M
2023: €26.61M
2024: €26.74M
2019 → 2025
Total assets
€31.08M▲ 4.8%
2024 · €29.65M
2019: €26.44M
2020: €26.62M
2021: €26.87M
2022: €26.63M
2023: €26.69M
2024: €29.65M
2019 → 2025
Net result
€434k▲ 227%
2024 · €133k
2019: €31.55M
2020: €114k
2021: €60k
2022: €51k
2023: €41k
2024: €133k
2019 → 2025
Working capital
€5.72M▲ 8.2%
2024 · €5.29M
2019: €4.90M
2020: €5.01M
2021: €5.07M
2022: €5.12M
2023: €5.16M
2024: €5.29M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26.52M-€26.57M▲ 0.2%€26.61M▲ 0.2%€26.74M▲ 0.5%€27.18M▲ 1.6%
Operating result€9k-€962▼ 89.0%€-28k€-46k▼ 64.1%€-63k▼ 35.0%
Net result€60k-€51k▼ 15.0%€41k▼ 19.5%€133k▲ 222%€434k▲ 227%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €63k in 2025 against €46k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.08M
Fixed assets
€21.46M=
Current assets
€9.63M▲ 17.5%
Equity and liabilities €31.08M
Equity
€27.18M▲ 1.6%
Debt
€3.90M▲ 34.3%
The debt ratio rises from 9.8% to 12.6%: debt grows faster than equity.
Key figures and ratios
Solvency
87.4%▼
2024 · 90.2%
Current ratio
2.47▼
2024 · 2.82
Quick ratio
2.47▼
2024 · 2.82
Debt / equity
0.14▲
2024 · 0.11
ROE
1.6%▲
2024 · 0.5%
ROA
1.4%▲
2024 · 0.4%
Debt
€3.90M▲
2024 · €2.91M
Debt ≤ 1 year
€3.90M▲
2024 · €2.91M
Income taxes
€77k▲
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29.65M€31.08M▲
Fixed assets21/28€21.46M€21.46M=
Financial fixed assets28€21.46M€21.46M=
Current assets29/58€8.20M€9.63M▲
Amounts receivable after more than one year29€5.06M€5.94M▲
Other amounts receivable291€5.06M€5.94M▲
Amounts receivable within one year40/41€2.88M€2.85M▼
Trade receivables40€61k€61k=
Other amounts receivable41€2.82M€2.79M▼
Cash at bank and in hand54/58€48k€239k▲
Deferred charges and accrued income490/1€209k€599k▲
Equity and liabilities
Total equity and liabilities10/49€29.65M€31.08M▲
Equity10/15€26.74M€27.18M▲
Contributions10/11€960k€960k=
Capital10€960k€960k=
Issued capital100€960k€960k=
Reserves13€25.78M€26.22M▲
Non-distributable reserves130/1€96k€96k=
Legal reserve130€96k€96k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€25.69M€26.12M▲
Amounts payable17/49€2.91M€3.90M▲
Amounts payable within one year42/48€2.91M€3.90M▲
Trade debts44€124k€336k▲
Suppliers440/4€124k€336k▲
Taxes, remuneration and social security45€34k€17k▼
Taxes450/3€34k€17k▼
Other amounts payable47/48€2.75M€3.55M▲
Income statement
Code20242025
Other operating charges640/8€15k€126▼
Gross operating margin9900€-31k€-62k▼
Operating profit (loss)9901€-46k€-63k▼
Financial income75/76B€231k€642k▲
Recurring financial income75€231k€642k▲
Financial charges65/66B€3k€69k▲
Recurring financial charges65€3k€69k▲
Profit (loss) for the period before taxes9903€182k€511k▲
Income taxes67/77€49k€77k▲
Profit (loss) for the period9904€133k€434k▲
Profit (loss) for the period to be appropriated9905€133k€434k▲
Appropriation of the result
Profit (loss) to be appropriated9906€133k€434k▲
Transfer to equity691/2€133k€434k▲
To other reserves6921€133k€434k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director resignation8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director resignation8 facts ▸
- General meeting, 20/04/2026
- Board meeting, 20/04/2026
- Director resignation, BV PHVE (niet-statutaire bestuurder)
- Director appointment, BV VEM (niet-statutaire bestuurder)
- Permanent representative, Philiep Van Eeckhout
- Director resignation, BV PHVE (gedelegeerd bestuurder)
- Director appointment, BV VEM (gedelegeerd bestuurder)
- Power of attorney, NV TITECA
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €41k ▼19.5%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity times 5current ratio 81.33
Current ratio from 15.35 to 81.33; short-term debt falls from €353k to €64k.
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
BV VEM
CurrentNon-statutory director · since 30-03-2026 · Legal entity · perm. rep.: Philiep Van Eeckhout
30-03-2026
BV VEM: Appointed as Non-statutory director
30-03-2026
BV VEM: Appointed as Managing director
30-03-2026
PHVE BV: Resigned as Managing director
30-03-2026
PHVE BV: Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Baronielaan 88870 IzegemGround area
1,252 m²
Building footprint
224 m²
Volume, LiDAR
833 m³
Parcel 36493B0486/00F003, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GIVANCO BVBA
since 19942.066.934.594
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0486/00F003 | Flanders | 1,252 m² | 1 · 224 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
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.
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Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 83 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-05-1994
Fiscal year end30-06
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.