GIMEFA
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 66 days after the deadline Filed on 5 January 2026, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2026-00005440.
Annual accounts 2025 filed on 05-01-2026 PDF all 48 filings
Turnover
≈ €170,000
Estimated: probably between €88,000 and €310,000
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
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€82,616
2025
20192025
Net result
-€650,794
▼ 11,360%
2025
20192025
Equity
€3.6m
▼ 15.5%
2025
20192025
Total assets
€3.7m
▼ 16.4%
2025
20192025
Debt
€141,125
▼ 34.5%
2025
20192025
Working capital
€2.9m
▼ 17.6%
2025
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.5m--€0.6m▼ 8.0%-€0.3m▲ 55.3%€0.4m-€0.1m€0.06m-€0.08m
Net result-€0.6m--€0.5m▲ 9.3%-€0.1m▲ 73.8%€0.7m-€0.07m-€0.006m▲ 92.2%-€0.7m▼ 11,360%
Equity€4.3m-€3.8m▼ 12.7%€3.6m▼ 3.8%€4.3m▲ 18.7%€4.2m▼ 1.7%€4.2m▼ 0.1%€3.6m▼ 15.5%
Total assets€4.5m-€4.0m▼ 12.0%€3.9m▼ 2.1%€4.5m▲ 15.5%€4.5m▼ 0.9%€4.4m▼ 0.8%€3.7m▼ 16.4%
Debt€0.2m-€0.2m▲ 11.1%€0.3m▲ 26.2%€0.2m▼ 25.7%€0.2m▲ 14.8%€0.2m▼ 11.4%€0.1m▼ 34.5%
Working capital€3.6m-€2.9m▼ 18.8%€2.9m▼ 2.0%€3.6m▲ 24.9%€3.6m▼ 0.3%€3.5m▼ 0.3%€2.9m▼ 17.6%
Staff (FTE)1-10
The operating result for 2025 is a loss of €82,616, after a profit of €57,917 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
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.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | - | €100,000 | €100,000 | - |
| Carrying value of the mortgaged assets | - | €412,230 | €415,990 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €13,242 | - | €17,765 | €7,608 |
| Financial fixed assets | €0 | - | - | - |
| Depreciation and write-downs of the year | €67,948 | €60,636 | €11,550 | €32,610 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 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 | €89,585 | €122,401 | €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 | -€103,237 | -€279,254 | -€96,211 | €583,172 | -€5,264 | €116,589 | €46,552 | ▼ 60.1% |
| Operating profit (loss)9901 | -€532,940 | -€575,803 | -€257,578 | €357,537 | -€111,194 | €57,917 | -€82,616 | - |
| Financial income75/76B | - | - | - | €261,910 | €40,144 | €41,777 | €42,839 | ▲ 2.5% |
| Recurring financial income75 | €61,971 | €74,353 | €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 | ▲ 101× |
| Recurring financial charges65 | €131,969 | €65,847 | €14,235 | -€127,473 | €1,361 | €6,069 | €610,382 | ▲ 101× |
| Profit (loss) for the period before taxes9903 | -€602,939 | -€567,297 | -€130,550 | €746,920 | -€72,411 | €93,624 | -€650,159 | - |
| Income taxes67/77 | €314 | €0 | €11,810 | €72,104 | €194 | €99,303 | €635 | ▼ 99.4% |
| Profit (loss) for the period9904 | -€599,929 | -€544,030 | -€142,360 | €674,816 | -€72,605 | -€5,679 | -€650,794 | ▼ 11,360% |
| Profit (loss) for the period to be appropriated9905 | -€591,033 | -€512,718 | -€142,360 | €674,816 | -€72,605 | -€5,679 | -€650,794 | ▼ 11,360% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.5m | €4.0m | €3.9m | €4.5m | €4.5m | €4.4m | €3.7m | ▼ 16.4% |
| Fixed assets21/28 | €0.8m | €0.9m | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 3.8% |
| Tangible fixed assets22/27 | €0.8m | €0.9m | €0.7m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 6.0% |
| Land and buildings22 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 7.3% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.004m | €0.009m | ▲ 142% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0 | - | - | - |
| Financial fixed assets28 | €0.04m | €0.04m | €0.04m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €3.7m | €3.1m | €3.1m | €3.8m | €3.8m | €3.8m | €3.1m | ▼ 18.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.4m | €0.4m | €0.5m | €0.3m | ▼ 40.1% |
| Other amounts receivable291 | - | - | - | €0.4m | €0.4m | €0.5m | €0.3m | ▼ 40.1% |
| Amounts receivable within one year40/41 | €2.2m | €2.8m | €2.9m | €2.9m | €3.0m | €3.1m | €2.7m | ▼ 13.2% |
| Trade receivables40 | - | - | - | €0 | - | €0.005m | €0.02m | ▲ 218% |
| Other amounts receivable41 | - | - | - | €2.9m | €3.0m | €3.1m | €2.7m | ▼ 13.6% |
| Current investments50/53 | €0.04m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Cash at bank and in hand54/58 | €1.2m | €0.01m | €0 | €0.5m | €0.4m | €0.09m | €0.02m | ▼ 78.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.5m | €4.0m | €3.9m | €4.5m | €4.5m | €4.4m | €3.7m | ▼ 16.4% |
| Equity10/15 | €4.3m | €3.8m | €3.6m | €4.3m | €4.2m | €4.2m | €3.6m | ▼ 15.5% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €4.1m | €3.6m | €3.5m | €4.1m | €4.1m | €4.1m | €3.4m | ▼ 16.0% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.09m | €0.09m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | €4.0m | €4.0m | €4.0m | €3.3m | ▼ 16.3% |
| Provisions and deferred taxes16 | €0.02m | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 34.5% |
| Amounts payable after more than one year17 | €0.1m | €0.07m | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 34.5% |
| Financial debts43 | - | - | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €0.05m | €0.07m | €0.2m | €0.07m | €0.08m | €0.04m | €0.09m | ▲ 97.3% |
| Suppliers440/4 | - | - | - | €0.07m | €0.08m | €0.04m | €0.09m | ▲ 97.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.06m | €0.07m | €0.001m | ▼ 98.8% |
| Taxes450/3 | - | - | - | €0.06m | €0.06m | €0.07m | €0.001m | ▼ 98.8% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.1m | €0.1m | €0.05m | ▼ 45.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.6m | -€0.5m | -€0.1m | €0.7m | -€0.07m | -€0.006m | -€0.7m | ▼ 11,360% |
| + Depreciation and write-downs630 | €0.09m | €0.1m | €0.1m | €0.07m | €0.06m | €0.01m | €0.03m | ▲ 182% |
| Operating cash flow (approximation) | -€0.5m | -€0.4m | -€0.04m | €0.7m | -€0.01m | €0.006m | -€0.6m | - |
| Investment in fixed assets (approximation) | - | -€0.2m | €0.05m | -€0.03m | €0.002m | -€0.02m | -€0.008m | ▲ 57.2% |
| Change in cash | - | -€1.2m | -€0.01m | €0.5m | -€0.05m | -€0.3m | -€0.07m | ▲ 78.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | abbreviated format | 05-01-2026 | 2026-00005440 | |
| 31-03-2024 | abbreviated format | 29-11-2024 | 2024-00606375 | |
| 31-03-2023 | abbreviated format | 08-11-2023 | 2023-00509442 | |
| 31-03-2022 | micro format | 15-06-2023 | 2023-00133286 | |
| 31-03-2021 | abbreviated format | 27-10-2021 | 2021-73800438 | |
| 31-03-2020 | abbreviated format | 27-10-2021 | 2021-73800336 | |
| 31-03-2019 | abbreviated format | 19-05-2021 | 2021-14400544 | |
| 31-03-2018 | abbreviated format | 03-06-2019 | 2019-15900046 | |
| 31-03-2017 | abbreviated format | 30-10-2017 | 2017-69100471 | |
| 31-03-2016 | abbreviated format | 16-01-2017 | 2017-01600159 |