GIMEX
ActiveSummary
GIMEX has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,833) and a net result of -€138. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-12
Solvency1▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.36 in 2024; short-term debt: 123.5% and cash: 2.1% of total assets), and equity is negative.
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Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-23.5%
Return on assets
-0.1%
Age of the figures
9 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€28,833
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
35 d early
2023
35 d early
2022
28 d early
2021
53 d early
2020
11 d early
2019
63 d 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 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in De Panne, Wholesale and retail trade sector
Equity
-€28,833▼ 0.5%
2024 · -€28,695
Total assets
€122,491▲ 11.1%
2024 · €110,301
Net result
-€138
2024 · €4,879
Working capital
-€88,833▼ 0.2%
2024 · -€88,695
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,259▼ 66.9%€5,666▲ 350%-€879€5,915€927▼ 84.3%
Net result-€338within the sector's middle half€4,720within the sector's middle half-€1,942within the sector's middle half€4,879within the sector's middle half-€138within the sector's middle half
Equity-€36,352below the sector's middle half▼ 0.9%-€31,632below the sector's middle half▲ 13.0%-€33,574below the sector's middle half▼ 6.1%-€28,695below the sector's middle half▲ 14.5%-€28,833below the sector's middle half▼ 0.5%
Total assets€103,920within the sector's middle half▼ 0.2%€111,409within the sector's middle half▲ 7.2%€109,268within the sector's middle half▼ 1.9%€110,301within the sector's middle half▲ 0.9%€122,491within the sector's middle half▲ 11.1%
Debt€140,272▲ 0.1%€143,041▲ 2.0%€142,843▼ 0.1%€138,996▼ 2.7%€151,325▲ 8.9%
Working capital-€96,352▼ 0.1%-€91,632▲ 4.9%-€93,574▼ 2.1%-€88,695▲ 5.2%-€88,833▼ 0.2%
Solvency-35.0%below the sector's middle half▼ 0.4pp-28.4%below the sector's middle half▲ 6.6pp-30.7%below the sector's middle half▼ 2.3pp-26.0%below the sector's middle half▲ 4.7pp-23.5%below the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,491
Fixed assets
€60,000 =
Current assets
€62,491 ▲ 24.2%
Key figures and ratios
Current ratio
0.41▲
2024 · 0.36
Quick ratio
0.05▲
2024 · 0.04
Debt to equity
-5.25▼
2024 · -4.84
ROA
-0.1%▼
2024 · 4.4%
Debt ≤ 1 year
€151,325▲
2024 · €138,996
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,798 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €247 | €0 | - | - | - | - |
| Other operating charges640/8 | €784 | €671 | €1,273 | €785 | €761 | ▼ 3.0% |
| Gross operating margin9900 | €2,289 | €6,337 | €394 | €6,700 | €1,687 | ▼ 74.8% |
| Operating profit (loss)9901 | €1,259 | €5,666 | -€879 | €5,915 | €927 | ▼ 84.3% |
| Financial income75/76B | €0 | €7 | €16 | €3 | €10 | ▲ 214% |
| Recurring financial income75 | €0 | €7 | €16 | €3 | €10 | ▲ 214% |
| Financial charges65/66B | €1,596 | €953 | €1,079 | €1,039 | €1,075 | ▲ 3.5% |
| Recurring financial charges65 | €1,596 | €953 | €1,079 | €1,039 | €1,075 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€338 | €4,720 | -€1,942 | €4,879 | -€138 | ▼ 103% |
| Profit (loss) for the period9904 | -€338 | €4,720 | -€1,942 | €4,879 | -€138 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€338 | €4,720 | -€1,942 | €4,879 | -€138 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,920 | €111,409 | €109,268 | €110,301 | €122,491 | ▲ 11.1% |
| Fixed assets21/28 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Current assets29/58 | €43,920 | €51,409 | €49,268 | €50,301 | €62,491 | ▲ 24.2% |
| Stocks and contracts in progress3 | €38,747 | €45,898 | €45,828 | €45,039 | €54,752 | ▲ 21.6% |
| Stocks30/36 | €38,747 | €45,898 | €45,828 | €45,039 | €54,752 | ▲ 21.6% |
| Amounts receivable within one year40/41 | €4,420 | €4,566 | €2,535 | €2,193 | €4,333 | ▲ 97.6% |
| Trade receivables40 | €4,420 | €4,036 | €1,877 | €2,193 | €3,586 | ▲ 63.6% |
| Other amounts receivable41 | - | €531 | €658 | €0 | €747 | - |
| Cash at bank and in hand54/58 | €720 | €910 | €731 | €2,298 | €2,615 | ▲ 13.8% |
| Deferred charges and accrued income490/1 | €33 | €34 | €174 | €770 | €791 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,920 | €111,409 | €109,268 | €110,301 | €122,491 | ▲ 11.1% |
| Equity10/15 | -€36,352 | -€31,632 | -€33,574 | -€28,695 | -€28,833 | ▼ 0.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €67,352 | €67,352 | €67,352 | €67,352 | €67,352 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Tax-exempt reserves132 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Distributable reserves133 | €56,852 | €56,852 | €56,852 | €56,852 | €56,852 | = |
| Profit (loss) carried forward14 | -€122,296 | -€117,577 | -€119,519 | -€114,640 | -€114,778 | ▼ 0.1% |
| Amounts payable17/49 | €140,272 | €143,041 | €142,843 | €138,996 | €151,325 | ▲ 8.9% |
| Amounts payable within one year42/48 | €140,272 | €143,041 | €142,843 | €138,996 | €151,325 | ▲ 8.9% |
| Financial debts43 | €1,686 | €2,174 | €2,471 | €1,715 | €1,013 | ▼ 40.9% |
| Credit institutions430/8 | €1,686 | €2,174 | €2,471 | €1,715 | €1,013 | ▼ 40.9% |
| Trade debts44 | €24,666 | €22,653 | €19,147 | €18,040 | €27,098 | ▲ 50.2% |
| Suppliers440/4 | €24,666 | €22,653 | €19,147 | €18,040 | €27,098 | ▲ 50.2% |
| Advances received on contracts in progress46 | €263 | €164 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €2,428 | €24 | €120 | €896 | €13 | ▼ 98.5% |
| Taxes450/3 | €2,428 | €24 | €120 | €896 | €13 | ▼ 98.5% |
| Other amounts payable47/48 | €111,229 | €118,026 | €121,105 | €118,345 | €123,201 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€338 | €4,720 | -€1,942 | €4,879 | -€138 | ▼ 103% |
| + Depreciation and write-downs630 | €247 | €0 | - | - | - | - |
| Operating cash flow (approximation) | -€90 | €4,720 | -€1,942 | €4,879 | -€138 | ▼ 103% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €190 | -€179 | €1,567 | €317 | ▼ 79.8% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,879
Net result €4,879 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,720
Net result €4,720 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,382
Net result €1,382 after 2 loss-making years.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, De Panne · 1 establishment unit since 2000
Ground area
344 m²
Building footprint
153 m²
Volume, LiDAR
1,087 m³
Parcel 38001E1011/00D000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TIT'S PALACE
since 20002.131.210.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001E1011/00D000 | Flanders | 344 m² | 1 · 153 m² | 9.9 m · 2 fl. |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 697 companies in sector 46392 we hold annual accounts for 485. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
47552Retail sale of lighting equipment
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441638723
Registered
05-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.