GIMAT
ActiveSummary
GIMAT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €314,653 and a net result of €843. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 510 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
What they do
Manufacture of machinery and equipment not elsewhere classified
NACE 28130Wholesale trade NACE 46630
1 site
How big
€2.2mtotal assets 2024
- Staff
- 1 FTE
- Equity
- €314,653
- Profit
- €843
Turnover not published (abridged schema)
Who decides
Accounts 62 d overdue
Why 40- Limited track record- Weak solvency vs sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-15
Solvency39▼-35
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.99 in 2023; short-term debt: 84.6% and cash: 1.2% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 510 sector peers (2024).
NBB · sector comparisonPosition among 510 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
42 d early
2022
40 d early
2021
39 d early
2020
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet €843 ▼96.5%
- Annual accounts filedfiscal year 2023 · abbreviated…
Financials
Fiscal year 2024Total assets €2.2mProfit €843Solvency 14.5%Liquidity 1.16
Total assets
€2.2m▲ 236%
2020 - 2024
Net result
€843▼ 96.5%
2020 - 2024
Equity
€314,653▲ 0.3%
2020 - 2024
Staff (FTE)
1▲ 150%
2023 - 2024
Financials · fiscal year 2024, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€0.05m-€0.3m▲ 467%€0.03m▼ 87.8%€0.05m▲ 53.8%€0.03m▼ 41.9%
Net result€0.03mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 521%€0.02mwithin the sector's middle half▼ 90.6%€0.02mwithin the sector's middle half▲ 24.8%€0.001mbelow the sector's middle half▼ 96.5%
Equity€0.06mbelow the sector's middle half-€0.3mwithin the sector's middle half▲ 327%€0.3mwithin the sector's middle half▲ 7.2%€0.3mwithin the sector's middle half▲ 8.4%€0.3mwithin the sector's middle half▲ 0.3%
Total assets€0.7mwithin the sector's middle half-€1.2mwithin the sector's middle half▲ 69.7%€1.0mwithin the sector's middle half▼ 19.6%€0.6mbelow the sector's middle half▼ 34.8%€2.2mwithin the sector's middle half▲ 236%
Debt€0.7m-€1.0m▲ 45.1%€0.7m▼ 27.1%€0.3m▼ 52.6%€1.9m▲ 460%
Working capital€0.06mbelow the sector's middle half-€0.3mwithin the sector's middle half▲ 375%€0.3mwithin the sector's middle half▲ 7.0%€0.3mwithin the sector's middle half▲ 4.7%€0.3mwithin the sector's middle half▲ 1.7%
Solvency8.7%below the sector's middle half-22.0%within the sector's middle half▲ 13.2pp29.3%within the sector's middle half▲ 7.3pp48.6%within the sector's middle half▲ 19.3pp14.5%below the sector's middle half▼ 34.1pp
Current ratio1.08below the sector's middle half-1.28within the sector's middle half▲ 0.191.40within the sector's middle half▲ 0.131.99within the sector's middle half▲ 0.581.16within the sector's middle half▼ 0.83
Return on assets (ROA)4.6%within the sector's middle half-16.8%above the sector's middle half▲ 12.2pp2.0%within the sector's middle half▼ 14.9pp3.8%within the sector's middle half▲ 1.8pp0.0%below the sector's middle half▼ 3.7pp
Staff (FTE)0.4below the sector's middle half1below the sector's middle half▲ 150%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€33,442 ▼ 32.6%
Current assets
€2.1m ▲ 259%
Equity and liabilities €2.2m
Equity
€314,653 ▲ 0.3%
Debt
€1.9m ▲ 460%
Debt's share of the balance-sheet total rises from 51.4% to 85.5%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€46,806▼
2023 · €62,798
Cash flow
€16,990▼
2023 · €34,203
Quick ratio
0.69▼
2023 · 1.38
Debt to equity
5.90▲
2023 · 1.06
ROE
0.3%▼
2023 · 7.7%
Interest coverage
1.66▼
2023 · 2.91
Debt ≤ 1 year
€1.8m▲
2023 · €299,458
Debt > 1 year
€20,160▼
2023 · €32,094
Income taxes
€2,721▼
2023 · €7,025
Staff costs
€85,885▲
2023 · €28,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €28,851 | €85,885 | ▲ 198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,356 | €2,000 | €2,824 | €10,000 | €16,147 | ▲ 61.5% |
| Other operating charges640/8 | - | €101 | €450 | €1,204 | €1,294 | ▲ 7.4% |
| Gross operating margin9900 | €52,167 | €284,017 | €37,613 | €92,854 | €133,985 | ▲ 44.3% |
| Operating profit (loss)9901 | €49,710 | €281,916 | €34,339 | €52,798 | €30,659 | ▼ 41.9% |
| Financial income75/76B | - | €0 | €0 | €0 | €1,176 | - |
| Recurring financial income75 | - | €0 | €0 | €0 | €1,176 | - |
| Financial charges65/66B | - | €12,302 | €9,653 | €21,570 | €28,271 | ▲ 31.1% |
| Recurring financial charges65 | €7,838 | €12,302 | €9,653 | €21,570 | €28,271 | ▲ 31.1% |
| Profit (loss) for the period before taxes9903 | €41,873 | €269,614 | €24,686 | €31,228 | €3,564 | ▼ 88.6% |
| Income taxes67/77 | €8,539 | €62,737 | €5,289 | €7,025 | €2,721 | ▼ 61.3% |
| Profit (loss) for the period9904 | €33,334 | €206,877 | €19,397 | €24,203 | €843 | ▼ 96.5% |
| Profit (loss) for the period to be appropriated9905 | €33,334 | €206,877 | €19,397 | €24,203 | €843 | ▼ 96.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.7m | €1.2m | €1.0m | €0.6m | €2.2m | ▲ 236% |
| Fixed assets21/28 | €0.008m | €0.006m | €0.007m | €0.05m | €0.03m | ▼ 32.6% |
| Intangible fixed assets21 | €0.008m | €0.006m | €0.004m | €0.002m | - | - |
| Tangible fixed assets22/27 | - | - | €0.003m | €0.05m | €0.03m | ▼ 30.2% |
| Furniture and vehicles24 | - | - | €0.003m | €0.05m | €0.03m | ▼ 30.2% |
| Current assets29/58 | €0.7m | €1.2m | €1.0m | €0.6m | €2.1m | ▲ 259% |
| Stocks and contracts in progress3 | €0.09m | €0 | €0.3m | €0.2m | €0.9m | ▲ 380% |
| Contracts in progress37 | - | €0 | €0.3m | €0.2m | €0.9m | ▲ 380% |
| Amounts receivable within one year40/41 | €0.1m | €0.6m | €0.6m | €0.1m | €1.2m | ▲ 991% |
| Trade receivables40 | - | €0.6m | €0.6m | €0.1m | €1.2m | ▲ 1,110% |
| Other amounts receivable41 | - | €0.003m | €0.003m | €0.01m | €0.003m | ▼ 75.0% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.1m | €0.3m | €0.03m | ▼ 91.1% |
| Deferred charges and accrued income490/1 | - | €0 | - | €0.001m | €280 | ▼ 44.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.7m | €1.2m | €1.0m | €0.6m | €2.2m | ▲ 236% |
| Equity10/15 | €0.06m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Contributions10/11 | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.03m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Distributable reserves133 | - | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Amounts payable17/49 | €0.7m | €1.0m | €0.7m | €0.3m | €1.9m | ▲ 460% |
| Amounts payable after more than one year17 | - | - | - | €0.03m | €0.02m | ▼ 37.2% |
| Financial debts170/4 | - | - | - | €0.03m | €0.02m | ▼ 37.2% |
| Amounts payable within one year42/48 | €0.7m | €1.0m | €0.7m | €0.3m | €1.8m | ▲ 513% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | ▲ 5.2% |
| Financial debts43 | - | €0 | €0.2m | €0 | €0.05m | - |
| Credit institutions430/8 | - | €0 | €0.2m | €0 | €0.05m | - |
| Trade debts44 | €0.4m | €0.7m | €0.5m | €0.3m | €0.6m | ▲ 148% |
| Suppliers440/4 | - | €0.7m | €0.5m | €0.3m | €0.6m | ▲ 148% |
| Advances received on contracts in progress46 | - | - | - | - | €0.9m | - |
| Taxes, remuneration and social security45 | - | €0.3m | €0.08m | €0.03m | €0.2m | ▲ 668% |
| Taxes450/3 | - | €0.3m | €0.08m | €0.02m | €0.2m | ▲ 731% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0.009m | ▲ 191% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,334 | €206,877 | €19,397 | €24,203 | €843 | ▼ 96.5% |
| + Depreciation and write-downs630 | €2,356 | €2,000 | €2,824 | €10,000 | €16,147 | ▲ 61.5% |
| Operating cash flow (approximation) | €35,690 | €208,877 | €22,221 | €34,203 | €16,990 | ▼ 50.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,729 | -€53,040 | €0 | ▲ 100% |
| Change in cash | - | €116,356 | -€500,004 | €202,000 | -€273,144 | ▼ 235% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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HYDRAULIC DREDGING SYSTEMS
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SOCIETE DE POMPES ET MOTEURS
BE 0437.183.750
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Of 42 companies in this sector we hold annual accounts for 33. 26 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
8 eventsLatest 03-06-2025
History
Acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €843 ▼96.5%
Net result drops to €843, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €206,877 ▲521%
Operating result €281,916, net result €206,877, both a record.
31-12
Financial
Equity above €200,000Eq €270,210 ▲327%
2 profitable years in a row build equity to €270,210.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Support & recognitions
1 funding sourceFlanders €1,011
Flemish government
€1,011
awarded · 2024
Subsidies and aid
Flemish government
2024 · 1 entry · €1,011 awarded · €1,011 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €1,011 | €1,011 |
Company details
Private limited company · founded 25-10-2019Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded25-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
28130Manufacture of machinery and equipment not elsewhere classified
46630Wholesale trade
Contact
Website
www.gimat.be
E-mail
info@gimat.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736810515
Also
9925:BE0736810515
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2019
Ground area
5,589 m²
Building footprint
717 m²
Volume, LiDAR
175 m³
Parcel 13302D0175/00G000, Flanders · tallest building 11.1 m. Linked by address, not a title deed.
1 establishment unit
GIMAT
since 2019unit no. 2.295.207.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0175/00G000 | Flanders | 5,589 m² | 1 · 717 m² | 11.1 m |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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