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GIMELCO

Active
Private limited company (pre-2019)founded 2015active for 11 yearsWiekstraat 10, 3600 Genk, BelgiumKBO/BCE: BE 0631.691.417

The file of GIMELCO contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 3.3% (moderate). The 2025 annual accounts show equity of €11,384 and a net result of -€4,864. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 9,615 sector peers (NACE 43, financial year 2025).

Overview

Activity
Site preparation
NACE 43120
1 site
Size
€86,349total assets 2025
Equity
€11,384
Loss
-€4,864
Turnover not published (abbreviated format)
Financial health
48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.3%
Structure
Accounts filed 6 days late0 of 3 deeds read
Why 48raises riskLatest accounts 6 days late; 2 of the last 3 lateLiquidity: current ratio 1.15, cash €26, halvedSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €86,349Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 12% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 38-10
equity 13.2% of total assets
Liquidity 2-6
short-term debt 86.8% · cash 0.0%
Profitability 23-31
return on assets -5.6%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,538 companies, NACE 43, micro)
Last 24 months 11-2024: 11.6% 12-2024: 12.4%▲ +0.8 percentage points vs 11-2024highest value 01-2025: 12.4%● unchanged vs 12-2024highest value 02-2025: 12.4%● unchanged vs 01-2025highest value 03-2025: 12.4%● unchanged vs 02-2025highest value 04-2025: 12.4%● unchanged vs 03-2025highest value 05-2025: 12.4%● unchanged vs 04-2025highest value 06-2025: 6.1%▼ -6.3 percentage points vs 05-2025 07-2025: 5.9%▼ -0.2 percentage points vs 06-2025 08-2025: 6.3%▲ +0.4 percentage points vs 07-2025 09-2025: 6.9%▲ +0.6 percentage points vs 08-2025 10-2025: 9.2%▲ +2.3 percentage points vs 09-2025 11-2025: 3.7%▼ -5.5 percentage points vs 10-2025 12-2025: 3.3%▼ -0.4 percentage points vs 11-2025 01-2026: 3.3%● unchanged vs 12-2025 02-2026: 3.5%▲ +0.2 percentage points vs 01-2026 03-2026: 3.5%● unchanged vs 02-2026 04-2026: 3.5%● unchanged vs 03-2026 05-2026: 3.6%▲ +0.1 percentage points vs 04-2026 06-2026: 3.5%▼ -0.1 percentage points vs 05-2026 07-2026: 3.2%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: 4.2%▲ +1.0 percentage point vs 07-2026 09-2026: 3.3%▼ -0.9 percentage points vs 08-2026 10-2026: 3.3%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions
Liquidity tight (current ratio 1.15, compared with 1.3 in 2024; short-term debt: 86.8% and cash: 0% of total assets), and 86.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 16% on solvency, 3% on liquidity, 15% on profitability and 14% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Latest accounts 6 days late; 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.15, cash €26, halved
NBB · annual accounts
lowers risk · Size: total assets €86,349
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9615 sector peers (2025).
NBB · sector comparison
Position among 9615 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
6 days late
2024
61 days late
2023
295 days late
2022
661 days late
2021
94 days late
2020
152 days late
2019
109 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 197 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 November (4 of the last 5 filed years within 202 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Among the weakest 10% on equitysector median €256,319 · 9,617 companies €11,384 View
  • Total assets 20256 financial years filed €86,349 View
  • Active since 2015founded 02-06-2015 11 years View

By topic

Financials

Financial year
2025
Total assets
€86,349
Loss
-€4,864
Solvency
13.2%
Total assets▲ 22.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 22-05-2025Annual accounts filed
  2. 31-12-2023Back to profit
  3. 02-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Site preparationNACE 43120
Founded
02-06-2015
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

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