GIMEFA
ActiveSummary
For the legal form of GIMEFA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €3.6m and a net result of -€650,794. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-69
Solvency100=
Growth32▼-26
Track record100
Credit verdict
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 21.7 against 17.47 in 2024; short-term debt: 3.8% and cash: 0.5% of total assets), and 3.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€650,794
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 05-01-2026, 66 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
66 d late
2024
29 d late
2023
8 d late
2022
227 d late
2021
4 d early
2020
361 d late
2019
566 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 179 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 November (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€3.6m▼ 15.5%
2024 · €4.2m
Total assets
€3.7m▼ 16.4%
2024 · €4.4m
Net result
-€650,794▼ 11,360%
2024 · -€5,679
Working capital
€2.9m▼ 17.6%
2024 · €3.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€257,578▲ 55.3%€357,537-€111,194€57,917-€82,616
Net result-€142,360▲ 73.8%€674,816-€72,605-€5,679▲ 92.2%-€650,794▼ 11,360%
Equity€3.6m▼ 3.8%€4.3m▲ 18.7%€4.2m▼ 1.7%€4.2m▼ 0.1%€3.6m▼ 15.5%
Total assets€3.9m▼ 2.1%€4.5m▲ 15.5%€4.5m▼ 0.9%€4.4m▼ 0.8%€3.7m▼ 16.4%
Debt€285,094▲ 26.2%€211,812▼ 25.7%€243,208▲ 14.8%€215,379▼ 11.4%€141,125▼ 34.5%
Working capital€2.9m▼ 2.0%€3.6m▲ 24.9%€3.6m▼ 0.3%€3.5m▼ 0.3%€2.9m▼ 17.6%
Staff (FTE)10
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €82,616 after €57,917 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€632,190 ▼ 3.8%
Current assets
€3.1m ▼ 18.6%
Equity and liabilities €3.7m
Equity
€3.6m ▼ 15.5%
Debt
€141,125 ▼ 34.5%
Debt's share of the balance-sheet total falls from 4.9% to 3.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€50,007▼
2024 · €69,466
Cash flow
-€618,184▼
2024 · €5,871
Current ratio
21.70▲
2024 · 17.47
Debt to equity
0.04▼
2024 · 0.05
ROE
-18.3%▼
2024 · -0.1%
ROA
-17.6%▼
2024 · -0.1%
Interest coverage
-0.08▼
2024 · 11.45
Debt ≤ 1 year
€141,125▼
2024 · €215,379
Income taxes
€635▼
2024 · €99,303
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €39,282 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | €240 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,880 | €67,948 | €60,636 | €11,550 | €32,610 | ▲ 182% |
| Other operating charges640/8 | - | €157,687 | €45,053 | €47,123 | €96,559 | ▲ 105% |
| Gross operating margin9900 | -€96,211 | €583,172 | -€5,264 | €116,589 | €46,552 | ▼ 60.1% |
| Operating profit (loss)9901 | -€257,578 | €357,537 | -€111,194 | €57,917 | -€82,616 | ▼ 243% |
| Financial income75/76B | - | €261,910 | €40,144 | €41,777 | €42,839 | ▲ 2.5% |
| Recurring financial income75 | €103,935 | €40,720 | €40,144 | €41,777 | €42,839 | ▲ 2.5% |
| Non-recurring financial income76B | - | €221,190 | €0 | - | - | - |
| Financial charges65/66B | - | -€127,473 | €1,361 | €6,069 | €610,382 | ▲ 9,957% |
| Recurring financial charges65 | €14,235 | -€127,473 | €1,361 | €6,069 | €610,382 | ▲ 9,957% |
| Profit (loss) for the period before taxes9903 | -€130,550 | €746,920 | -€72,411 | €93,624 | -€650,159 | ▼ 794% |
| Income taxes67/77 | €11,810 | €72,104 | €194 | €99,303 | €635 | ▼ 99.4% |
| Profit (loss) for the period9904 | -€142,360 | €674,816 | -€72,605 | -€5,679 | -€650,794 | ▼ 11,360% |
| Profit (loss) for the period to be appropriated9905 | -€142,360 | €674,816 | -€72,605 | -€5,679 | -€650,794 | ▼ 11,360% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €4.5m | €4.5m | €4.4m | €3.7m | ▼ 16.4% |
| Fixed assets21/28 | €749,348 | €713,112 | €650,976 | €657,192 | €632,190 | ▼ 3.8% |
| Tangible fixed assets22/27 | €714,095 | €474,081 | €413,444 | €419,660 | €394,658 | ▼ 6.0% |
| Land and buildings22 | - | €471,365 | €412,230 | €415,990 | €385,762 | ▼ 7.3% |
| Plant, machinery and equipment23 | - | €2,008 | €1,214 | €3,670 | €8,896 | ▲ 142% |
| Furniture and vehicles24 | - | €707 | €0 | - | - | - |
| Financial fixed assets28 | €35,253 | €239,032 | €237,532 | €237,532 | €237,532 | = |
| Current assets29/58 | €3.1m | €3.8m | €3.8m | €3.8m | €3.1m | ▼ 18.6% |
| Amounts receivable after more than one year29 | - | €378,034 | €396,949 | €542,610 | €324,761 | ▼ 40.1% |
| Other amounts receivable291 | - | €378,034 | €396,949 | €542,610 | €324,761 | ▼ 40.1% |
| Amounts receivable within one year40/41 | €2.9m | €2.9m | €3.0m | €3.1m | €2.7m | ▼ 13.2% |
| Trade receivables40 | - | €0 | - | €5,258 | €16,736 | ▲ 218% |
| Other amounts receivable41 | - | €2.9m | €3.0m | €3.1m | €2.7m | ▼ 13.6% |
| Current investments50/53 | €4,913 | €4,913 | €4,913 | €4,913 | €4,913 | = |
| Cash at bank and in hand54/58 | €0 | €461,675 | €411,085 | €88,999 | €19,505 | ▼ 78.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €4.5m | €4.5m | €4.4m | €3.7m | ▼ 16.4% |
| Equity10/15 | €3.6m | €4.3m | €4.2m | €4.2m | €3.6m | ▼ 15.5% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | - | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Issued capital100 | - | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €3.5m | €4.1m | €4.1m | €4.1m | €3.4m | ▼ 16.0% |
| Non-distributable reserves130/1 | - | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Legal reserve130 | - | €14,874 | €14,874 | €14,874 | €14,874 | = |
| Tax-exempt reserves132 | - | €89,242 | €89,242 | €57,383 | €57,383 | = |
| Distributable reserves133 | - | €4.0m | €4.0m | €4.0m | €3.3m | ▼ 16.3% |
| Amounts payable17/49 | €285,094 | €211,812 | €243,208 | €215,379 | €141,125 | ▼ 34.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €285,094 | €211,812 | €243,208 | €215,379 | €141,125 | ▼ 34.5% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €164,843 | €67,076 | €82,078 | €43,538 | €85,885 | ▲ 97.3% |
| Suppliers440/4 | - | €67,076 | €82,078 | €43,538 | €85,885 | ▲ 97.3% |
| Taxes, remuneration and social security45 | - | €56,000 | €56,194 | €73,003 | €880 | ▼ 98.8% |
| Taxes450/3 | - | €56,000 | €56,194 | €73,003 | €880 | ▼ 98.8% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €88,736 | €104,936 | €98,838 | €54,359 | ▼ 45.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€142,360 | €674,816 | -€72,605 | -€5,679 | -€650,794 | ▼ 11,360% |
| + Depreciation and write-downs630 | €100,880 | €67,948 | €60,636 | €11,550 | €32,610 | ▲ 182% |
| Operating cash flow (approximation) | -€41,480 | €742,765 | -€11,969 | €5,871 | -€618,184 | ▼ 10,630% |
| Investment in fixed assets (approximation) | - | -€31,712 | €1,500 | -€17,765 | -€7,608 | ▲ 57.2% |
| Change in cash | - | €461,675 | -€50,590 | -€322,086 | -€69,494 | ▲ 78.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 66 days late
2025
31-03
Financial
Weakest financial yearnet -€650,794
Net result drops to -€650,794, the lowest in the series.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 227 days late
2022
28-10
Bankruptcy
Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Brussel · event 27-04-2021
31-03
Financial
Back to profitnet €674,816
Net result €674,816 after 3 loss-making years.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 361 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 566 days late
05-03
Bankruptcy
Judicial dissolution and immediate closure
Ondernemingsrechtbank Brussel · event 26-02-2021
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 215 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 77 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koksijde · 2 establishment units since 1962
Ground area
1.2 ha
Building footprint
5,211 m²
Volume, LiDAR
30,586 m³
3 parcels, Flanders, Wallonia · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Groot-Bijgaardenstraat 302, 1601 Sint-Pieters-Leeuw
since 19622.007.257.820
Rue Diguette 10, 4031 Liège
since 19992.007.257.919
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069A0032/00Z000 | Flanders | 7,657 m² | 1 · 3,983 m² | 11.2 m · 2 fl. |
| 62002D0535/00D002 | Wallonia | 2,874 m² | 1 · 832 m² | 6.5 m · 2 fl. |
| 38342H0494/00B000 | Flanders | 1,050 m² | 1 · 396 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts CNRG 30-06-202523.2%
Holdings 1
- GROUPE INDUSTRIEL DE CHAUFFAGEsubsidiarySourceown accounts 31-03-2025Equity -€259,324Result -€16,24992.25%
According to the annual accounts to 31-03-2025 of GIMEFA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPartnership limited by shares
Founded20-06-1962
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405589068
Registered
30-04-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.