GIMO
ActiveSummary
The computed 12-month bankruptcy probability of GIMO is 1.6% (moderate). The 2025 annual accounts show equity of €22,615 and a net result of €428. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 28% of 2,787 sector peers (NACE 41, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €22,615
- Profit
- €428
Why 54raises risk1 change of registered office in 24 monthsSector: Construction of residential and non-residential buildings (NACE 41)Liquidity: current ratio 0.20, cash €928lowers riskFounded in 2003Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro): better than 26% on solvency, 7% on liquidity, 60% on profitability and 29% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 7 accounts on average 12 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 54% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,984 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1,500 | - | €14,998 | €2,500 | €12,514 | €11,079 | €6,200 | €4,000 | ▼ 35.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €813 | €1,067 | €10,205 | €5,567 | €2,711 | ▼ 51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | - | €5,089 | - |
| Other operating charges640/8 | - | - | - | €635 | €635 | €671 | €674 | €687 | ▲ 1.8% |
| Gross operating margin9900 | €791 | €1,809 | €814 | €1,687 | €11,447 | €871 | €2,133 | €6,444 | ▲ 202% |
| Operating profit (loss)9901 | €156 | €1,175 | €179 | €1,053 | €10,812 | €200 | €1,459 | €669 | ▼ 54.2% |
| Financial income75/76B | - | - | - | €1 | - | - | €0 | - | - |
| Recurring financial income75 | €374 | €0 | - | €1 | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €74 | €146 | €14 | €88 | €84 | ▼ 4.2% |
| Recurring financial charges65 | €51 | €56 | €53 | €74 | €146 | €14 | €88 | €84 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €480 | €1,119 | €126 | €979 | €10,666 | €186 | €1,371 | €584 | ▼ 57.4% |
| Income taxes67/77 | €145 | €347 | €32 | €261 | €2,847 | €50 | €374 | €156 | ▼ 58.3% |
| Profit (loss) for the period9904 | €334 | €772 | €94 | €717 | €7,820 | €136 | €997 | €428 | ▼ 57.1% |
| Profit (loss) for the period to be appropriated9905 | €334 | €772 | €94 | €717 | €7,820 | €136 | €997 | €428 | ▼ 57.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €11,856 | €36,366 | €14,053 | €13,495 | €24,664 | €29,120 | €22,561 | €117,350 | ▲ 420% |
| Fixed assets21/28 | - | - | - | - | - | - | - | €98,105 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | - | - | - | €98,105 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €98,105 | - |
| Current assets29/58 | €11,856 | €36,366 | €14,053 | €13,495 | €24,664 | €29,120 | €22,561 | €19,244 | ▼ 14.7% |
| Amounts receivable within one year40/41 | €5,513 | €306 | €993 | €11,820 | €1,500 | €501 | €2,700 | €12,969 | ▲ 380% |
| Trade receivables40 | - | - | - | €1,500 | €1,500 | - | €1,200 | €5,500 | ▲ 358% |
| Other amounts receivable41 | - | - | - | €10,320 | - | €501 | €1,500 | €7,469 | ▲ 398% |
| Cash at bank and in hand54/58 | €6,343 | €36,060 | €13,060 | €1,675 | €23,164 | €28,619 | €546 | €928 | ▲ 69.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €19,314 | €5,348 | ▼ 72.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €11,856 | €36,366 | €14,053 | €13,495 | €24,664 | €29,120 | €22,561 | €117,350 | ▲ 420% |
| Equity10/15 | €11,650 | €12,422 | €12,516 | €13,234 | €21,054 | €21,190 | €22,187 | €22,615 | ▲ 1.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €5,450 | €6,222 | €6,316 | €7,034 | €14,854 | €14,990 | €15,987 | €16,415 | ▲ 2.7% |
| Non-distributable reserves130/1 | - | - | - | €380 | €380 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €380 | €380 | - | - | - | - |
| Distributable reserves133 | - | - | - | €6,654 | €14,474 | €14,990 | €15,987 | €16,415 | ▲ 2.7% |
| Amounts payable17/49 | €206 | €23,944 | €1,537 | €261 | €3,611 | €7,931 | €374 | €94,734 | ▲ 254× |
| Amounts payable within one year42/48 | €206 | €23,944 | €1,537 | €261 | €3,611 | €7,931 | €374 | €94,734 | ▲ 254× |
| Trade debts44 | €61 | €22,597 | €62 | - | €176 | €5,035 | - | €3,342 | - |
| Suppliers440/4 | - | - | - | - | €176 | €5,035 | - | €3,342 | - |
| Taxes, remuneration and social security45 | - | - | - | €261 | €3,435 | €2,896 | €374 | €156 | ▼ 58.3% |
| Taxes450/3 | - | - | - | €261 | €3,435 | €2,896 | €374 | €156 | ▼ 58.3% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €91,236 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334 | €772 | €94 | €717 | €7,820 | €136 | €997 | €428 | ▼ 57.1% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | - | €5,089 | - |
| Operating cash flow (approximation) | €334 | €772 | €94 | €717 | €7,820 | €136 | €997 | €5,517 | ▲ 453% |
| Change in cash | - | €29,718 | -€23,000 | -€11,385 | €21,489 | €5,454 | -€28,072 | €381 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-07-2026 | 2026-00360126 |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00208765 |
| 31-12-2023 | abbreviated format | 21-08-2024 | 2024-00378444 |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00259077 |
| 31-12-2021 | abbreviated format | 19-06-2022 | 2022-20086965 |
| 31-12-2020 | abbreviated format | 24-07-2021 | 2021-39800137 |
| 31-12-2019 | abbreviated format | 24-07-2020 | 2020-35800167 |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-38800160 |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-20300273 |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-38500297 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Molenaers Ludovic |
|
Owners and capital
Owners
2 ownersOwners 2
- Ludovic Molenaersnatural personSourceown accounts 202599%
- Kim Molenaersnatural personSourceown accounts 20251%
According to the 2025 annual accounts of GIMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 18-12-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 24-07-2025
- Registered-office move, 3740 Bilzen-Hoeselt, Sint-Lambertuslaan 38 bus 31
18-12
Gazette deed
Resignation: Molenaers Ludovic (manager)Appointment: Molenaers Ludovic (director) · Amendment of the articles · Capital conversion7 facts ▸
- General meeting, 11-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffen en beschikbaar maken voor uitkering” (deed in Dutch)
- Director resignation, Molenaers Ludovic (manager)
- Director appointment, Molenaers Ludovic (director)
- Director discharge, Molenaers Ludovic
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0479.739.828
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73006H0018/00Y000 | Flanders | 5,531 m² | 1 · 1,205 m² | 0.7 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De in- en verkoop,zowel groothandel als kleinhandel,zowel voor export als import van bouwmaterialen allerhand,grondstoffen voor…” (deed in Dutch)deed of 18-12-2023
33 activities (deed in Dutch)
- De in- en verkoop,zowel groothandel als kleinhandel,zowel voor export als import van bouwmaterialen allerhand,grondstoffen voor bouwmaterialen,stenen,tegels,pannen,grindsoorten,buizen in allerhande materialen,allerhande cementsoorten,voegmaterialen,isolatiematerialen,allerhande gipssoorten en gipsplaten,afwerkmaterialen,allerhande elektro-installatiematerialen,sanitair-toestellen en sanitair-installatiemateriaal,gereedschappen voor bouwwerkzaamheden,elektrische gereedschap en machines voor bouwwerkzaamheden zoals boormachines,schuurmachines,slijpmachines,freesmachines,boorhamers,mengmachines,betonmolens,laser- en meetapparatuur,etc.;
- De in- en verkoop,zowel groothandel als kleinhandel,zowel voor export alsook voor import alsook de fabricage,productie en assemblage van ramen,deuren,poorten en luiken in hout,metaal,aluminium,kunststoffen of eender welk materiaal alsmede het plaatsen en installeren hiervan;
- Het leggen en afwerken van parketvloeren allerhand;
- Het leggen van chape en chapevloeren;
- Het leggen van betonklinkers of asfaltsteen,stoepdallen en natuursteen;
- Plaatsen en afwerken van gyprocwanden;
- Het bouwen van stellingen;
- Het invoegen en reinigen van gevels;
- Alle laswerkzaamheden;
- Het plaatsen van warmte- en geluidsisolatie;
- Het plaatsen van ijzerwerk,metalen luiken en schrijnwerk en schrijnwerk in polyester;
- Het plaatsen van afsluitingen en omheiningen;
- Het plaatsen en leggen van kabels en leidingen allerhand;
- Het uitvoeren van allerhande grondwerken en rioleringswerken;
- Het vervaardigen van metaalconstructies allerhand en metalen kunstwerken,montage- en demontagewerkzaamheden alsmede de bouw en constructie van metalen gebinten;
- Het uitvoeren van industriële schilderwerken,het schilderen van meubels,speelgoed en artikelen voor technische en huishoudelijke doeleinden;
- Het vervaardigen,ontwerpen en assembleren van meubelen in hout,kunststof of metaal;
- Het uitvoeren van kleine werkzaamheden met plafonneer- en cementwerkzaamheden die noodzakelijk zijn voor werken die behoren tot andere beroepswerkzaamheden;
- Geringe herstelwerken van andere beroepen met aannemer van metaal- en betonwerken;
- Het afdekken van daken in glas of een ander doorschijnend materiaal uitgevoerd door aannemers van schrijnwerken en glaswerken,binnen het raam van hun activiteiten;
- Algemene bouwonderneming inhoudende het optrekken van gebouwen onder de kap brengen alsmede de coördinatie van de andere aan onderaannemers toevertrouwde en door deze uitgevoerde voltooiingswerken van gebouwen;
- Restauratiewerken van gebouwen en monumenten;
- Slopingswerken van gebouwen en kunstwerken;bouwen van stellingen alsmede het invoegen en reinigen van gevels;het bouwen van niet-metalen kunstwerken;
- Het optrekken van niet-metalen uiteenneembare paviljoenen en barakken;
- Waterdicht maken en bedekken van gebouwen met asfalt en teer;
- Het droogmaken van gebouwen anders dan met teer en asfalt;
- Leggen van tegelvloeren en mozaïek,warmte en geluidsisolering;
- Timmer- en schrijnwerk voor gebouwen;
- Onderneming voor het bedekken van gebouwen;metalen en niet-metalen dakbedekkingswerken van gebouwen;steen- en marmerwerken voor gebouwen.
- Onderneming voor het bouwen,herstellen en onderhouden van wegen,aanleggen van parkings en inritten;leggen van stoepdallen en betonklinkers;aanleggen en onderhouden van speelpleinen,sportvelden evenals van parken en tuinen met inbegrip van de aanplantingen;plaatsen van afsluitingen en omheiningen en vangrails en veiligheidsinrichtingen;leggen van kabels en diverse leidingen;grondwerken;rioleringswerken;draineringswerken;algemene aannemingen van waterbouwkundige werken;ruimen van waterlopen;bitumineuze verhardingen en bestrijdingen;speciale bekledingen voor sportvelden;plaatsen van sport- en speelpleinaccommodatie Verkeerssignalisatie.METAALCONSTRUCTIES EN METALEN KUNSTWERKEN.INDUSTRIËLE PIJPLEIDINGEN EN KANALISATIES.ELEKTROTECHNISCHE INSTALLATIES.SPECIALE INSTALLATIES zoals het inrichten van fabrieken,werkplaatsen,pompstations,koelinstallaties,aanleggen van moerriolen.Industriële schilderwerken.
- Het verrichten van allerhande financiële,commerciële en industriële activiteiten die direct of indirect in verband staan met het doel of die het realiseren van het voorwerp kunnen bevorderen.
- Het deelnemen en/of het uitvoeren van bestuursmandaten in andere vennootschappen,firma's of verenigingen die een gelijkaardig voorwerp hebben.
- De vennootschap handelt voor eigen rekening,voor rekening van derden,in commissie,als tussenpersoon of als vertegenwoordiger.
- Name clauseThe name the company operates under according to its articles.
- GIMOdeed of 18-12-2023
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Caetsbeekstraat 12 te 3740 Bilzen-Hoeselt, Besloten Vennootschap” (deed in Dutch)deed of 22-08-2025
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, Bestuursorgaan” (deed in Dutch)“Bepaalde of onbepaalde termijn, Mandaat” (deed in Dutch)“Coöptatie, collegiaal orgaan en plaats openvalt vóór einde mandaat” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of May at 16:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere benoemd, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)