GIMMIC
ActiveSummary
GIMMIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80k and a net result of €6k. Equity is shrinking by ~21.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 28% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+58
Solvency33▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.19 in 2023; short-term debt: 22.6% and cash: 4.8% of total assets), but 92.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 24-07-2025, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
61 d late
2022
31 d late
2021
23 d early
2020
29 d late
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€80k▲ 8.6%
2023 · €74k
Total assets
€1.06M▼ 23.4%
2023 · €1.39M
Net result
€6k
2023 · €-90k
Working capital
€189k▲ 77.4%
2023 · €107k
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
Line20202021202220232024
Operating result€-76k€35k€-42k€-91k▼ 115%€23k
Net result€-88k€34k€-42k€-90k▼ 111%€6k
Equity€172k▼ 33.7%€206k▲ 19.8%€164k▼ 20.6%€74k▼ 54.8%€80k▲ 8.6%
Total assets€1.10M▼ 1.0%€1.16M▲ 4.6%€1.07M▼ 7.4%€1.39M▲ 29.7%€1.06M▼ 23.4%
Debt€932k▲ 9.0%€949k▲ 1.8%€906k▼ 4.5%€1.31M▲ 44.9%€982k▼ 25.2%
Working capital€110k▼ 32.6%€183k▲ 66.3%€198k▲ 8.1%€107k▼ 46.2%€189k▲ 77.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €23k after a loss of €91k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.06M
Fixed assets
€634k ▼ 10.7%
Current assets
€429k ▼ 36.8%
Equity and liabilities €1.06M
Equity
€80k ▲ 8.6%
Debt
€982k ▼ 25.2%
Debt's share of the balance-sheet total falls from 94.7% to 92.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2023 · €-22k
Cash flow
€73k▲
2023 · €-22k
Current ratio
1.79▲
2023 · 1.19
Quick ratio
0.40▼
2023 · 0.65
Debt to equity
12.20▼
2023 · 17.73
ROE
7.9%▲
2023 · -121.3%
ROA
0.6%▲
2023 · -6.5%
Interest coverage
201.19▲
2023 · -60.47
Debt ≤ 1 year
€240k▼
2023 · €571k
Debt > 1 year
€743k=
2023 · €743k
Income taxes
€16k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €75 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €92k | €89k | €71k | €68k | €66k | ▼ 2.6% |
| Other operating charges640/8 | - | €4k | €5k | €4k | €2k | ▼ 34.4% |
| Gross operating margin9900 | €21k | €128k | €34k | €-19k | €92k | ▲ 595% |
| Operating profit (loss)9901 | €-76k | €35k | €-42k | €-91k | €23k | ▲ 126% |
| Financial income75/76B | - | - | - | €4k | - | - |
| Recurring financial income75 | - | - | - | €4k | - | - |
| Financial charges65/66B | - | €454 | €417 | €371 | €445 | ▲ 19.9% |
| Recurring financial charges65 | €11k | €454 | €417 | €371 | €445 | ▲ 19.9% |
| Profit (loss) for the period before taxes9903 | €-88k | €35k | €-42k | €-87k | €23k | ▲ 126% |
| Income taxes67/77 | - | €434 | - | €3k | €16k | ▲ 426% |
| Profit (loss) for the period9904 | €-88k | €34k | €-42k | €-90k | €6k | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €-88k | €34k | €-42k | €-90k | €6k | ▲ 107% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.10M | €1.16M | €1.07M | €1.39M | €1.06M | ▼ 23.4% |
| Fixed assets21/28 | €829k | €780k | €709k | €710k | €634k | ▼ 10.7% |
| Intangible fixed assets21 | €653 | €392 | €131 | - | - | - |
| Tangible fixed assets22/27 | €821k | €772k | €701k | €702k | €626k | ▼ 10.8% |
| Land and buildings22 | - | €458k | €433k | €413k | €387k | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €21k | €13k | €8k | €3k | ▼ 61.2% |
| Furniture and vehicles24 | - | €11k | €3k | €2k | €1k | ▼ 40.1% |
| Other tangible fixed assets26 | - | €281k | €252k | €279k | €235k | ▼ 15.7% |
| Financial fixed assets28 | €8k | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €275k | €376k | €362k | €678k | €429k | ▼ 36.8% |
| Stocks and contracts in progress3 | €212k | €259k | €306k | €306k | €333k | ▲ 9.0% |
| Stocks30/36 | - | €259k | €306k | €306k | €333k | ▲ 9.0% |
| Amounts receivable within one year40/41 | €23k | €93k | €42k | €339k | €40k | ▼ 88.3% |
| Trade receivables40 | - | €76k | €17k | €312k | €38k | ▼ 87.7% |
| Other amounts receivable41 | - | €17k | €25k | €28k | €2k | ▼ 94.5% |
| Cash at bank and in hand54/58 | €39k | €23k | €13k | €32k | €51k | ▲ 58.2% |
| Deferred charges and accrued income490/1 | - | €905 | €1k | €905 | €5k | ▲ 439% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.10M | €1.16M | €1.07M | €1.39M | €1.06M | ▼ 23.4% |
| Equity10/15 | €172k | €206k | €164k | €74k | €80k | ▲ 8.6% |
| Contributions10/11 | €171k | €171k | €171k | €171k | €171k | = |
| Outside capital11 | - | €171k | €171k | - | - | - |
| Other1109/19 | - | €171k | €171k | - | - | - |
| Reserves13 | €17k | €17k | €17k | €17k | €17k | = |
| Non-distributable reserves130/1 | - | €17k | €17k | €17k | €17k | = |
| Reserves not available under the articles1311 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €-16k | €18k | €-24k | €-114k | €-108k | ▲ 5.6% |
| Amounts payable17/49 | €932k | €949k | €906k | €1.31M | €982k | ▼ 25.2% |
| Amounts payable after more than one year17 | €767k | €757k | €743k | €743k | €743k | = |
| Financial debts170/4 | - | €14k | - | - | - | - |
| Other amounts payable178/9 | - | €743k | €743k | €743k | €743k | = |
| Amounts payable within one year42/48 | €165k | €193k | €164k | €571k | €240k | ▼ 58.1% |
| Current portion of amounts payable after more than one year42 | - | €11k | €14k | - | - | - |
| Financial debts43 | - | - | - | €979 | - | - |
| Credit institutions430/8 | - | - | - | €979 | - | - |
| Trade debts44 | €2k | €9k | €14k | €353k | €78k | ▼ 77.9% |
| Suppliers440/4 | - | €9k | €14k | €353k | €78k | ▼ 77.9% |
| Taxes, remuneration and social security45 | - | €434 | €767 | €992 | €872 | ▼ 12.1% |
| Taxes450/3 | - | €434 | €767 | €992 | €872 | ▼ 12.1% |
| Other amounts payable47/48 | - | €173k | €135k | €216k | €161k | ▼ 25.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-88k | €34k | €-42k | €-90k | €6k | ▲ 107% |
| + Depreciation and write-downs630 | €92k | €89k | €71k | €68k | €66k | ▼ 2.6% |
| Operating cash flow (approximation) | €5k | €123k | €29k | €-22k | €73k | ▲ 434% |
| Investment in fixed assets (approximation) | - | €-39k | €0 | €-70k | €10k | ▲ 114% |
| Change in cash | - | €-16k | €-9k | €19k | €19k | ▼ 0.7% |
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
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-90k
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Equity above €200kEq €206k ▲19.8%
Equity rises from €172k to €206k.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, La Hulpe · 2 establishment units since 2018
Ground area
1,433 m²
Building footprint
254 m²
Volume, LiDAR
2,826 m³
2 parcels, Brussels, Wallonia · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Librairie L'Abac
since 20182.278.500.504
Rue du Moulin 59, 1310 La Hulpe
since 20182.278.649.863
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050D0010/00B002 | Wallonia | 1,248 m² | 1 · 116 m² | 6.6 m · 2 fl. |
| 21809K0822/00G002 | Brussels | 184 m² | 1 · 138 m² | 19.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 911 companies in sector 47793 we hold annual accounts for 161. 119 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47793Retail sale of other second-hand goods, excluding clothing
55204Guest rooms (bed and breakfast)
Scores and ratios are computed by Checked and are not a credit decision.