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Gimost

Active
Private limited companyfounded 198046 yrs activeKerkstraat 11, 1701 Dilbeek, BelgiumKBO/BCE: BE 0420.713.744
Summary

Gimost has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143,775 and a net result of -€48,675. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 1413 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability13=
Solvency49▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.06 against 0.01 in 2023; short-term debt: 76.1% and cash: 4.4% of total assets), and 76.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 46 years 0 50 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2024
Solvency, return and age of the figures
Solvency
23.9%
Return on assets
-8.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€48,675
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-11-2025, 95 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
95 d late
2023
160 d late
2022
126 d late
2021
23 d late
2020
173 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 101 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 September 1980, Gimost was incorporated.1 Total assets went from EUR 291,925 in 2018 to EUR 602,173 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€143,775▼ 25.3%
2023 · €192,450
Total assets
€602,173▼ 2.5%
2023 · €617,399
Net result
-€48,675▲ 14.0%
2023 · -€56,595
Working capital
-€431,917▼ 3.1%
2023 · -€418,728
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20202021202220232024
Operating result€6,677▼ 24.8%-€9,643-€20,075▼ 108%-€37,268▼ 85.6%-€29,394▲ 21.1%
Net result€1,755within the sector's middle half▼ 80.0%-€9,819below the sector's middle half-€32,196below the sector's middle half▼ 228%-€56,595below the sector's middle half▼ 75.8%-€48,675below the sector's middle half▲ 14.0%
Equity€291,060within the sector's middle half▲ 0.6%€281,242within the sector's middle half▼ 3.4%€249,045within the sector's middle half▼ 11.4%€192,450within the sector's middle half▼ 22.7%€143,775within the sector's middle half▼ 25.3%
Total assets€416,708within the sector's middle half▲ 24.0%€514,108within the sector's middle half▲ 23.4%€677,907within the sector's middle half▲ 31.9%€617,399within the sector's middle half▼ 8.9%€602,173within the sector's middle half▼ 2.5%
Debt€125,648▲ 169%€232,866▲ 85.3%€428,862▲ 84.2%€424,948▼ 0.9%€458,398▲ 7.9%
Working capital-€113,381below the sector's middle half▼ 747%-€192,432below the sector's middle half▼ 69.7%-€336,452below the sector's middle half▼ 74.8%-€418,728below the sector's middle half▼ 24.5%-€431,917below the sector's middle half▼ 3.1%
Solvency69.8%within the sector's middle half▼ 16.2pp54.7%within the sector's middle half▼ 15.1pp36.7%within the sector's middle half▼ 18.0pp31.2%within the sector's middle half▼ 5.6pp23.9%within the sector's middle half▼ 7.3pp
Current ratio0.10below the sector's middle half▼ 0.620.17below the sector's middle half▲ 0.080.22below the sector's middle half▲ 0.040.01below the sector's middle half▼ 0.200.06below the sector's middle half▲ 0.04
Return on assets (ROA)0.4%within the sector's middle half▼ 2.2pp-1.9%below the sector's middle half▼ 2.3pp-4.7%below the sector's middle half▼ 2.8pp-9.2%below the sector's middle half▼ 4.4pp-8.1%below the sector's middle half▲ 1.1pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2020: €6,677€6,677Net result 2020: €1,755€1,755Operating result 2021: -€9,643-€9,643Net result 2021: -€9,819-€9,819Operating result 2022: -€20,075-€20,075Net result 2022: -€32,196-€32,196Operating result 2023: -€37,268-€37,268Net result 2023: -€56,595-€56,595Operating result 2024: -€29,394-€29,394Net result 2024: -€48,675-€48,67520202021202220232024-€60,000-€40,000-€20,000€0Operating result 2022: -€20,075-€20,100Net result 2022: -€32,196-€32,200Operating result 2023: -€37,268-€37,300Net result 2023: -€56,595-€56,600Operating result 2024: -€29,394-€29,400Net result 2024: -€48,675-€48,700202220232024
The operating result stays negative: a loss of €29,394 in 2024 against €37,268 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €602,173
Fixed assets €575,692 ▼ 5.8%
Current assets €26,482 ▲ 326%
Equity and liabilities €602,173
Equity €143,775 ▼ 25.3%
Debt €458,398 ▲ 7.9%
Debt's share of the balance-sheet total rises from 68.8% to 76.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€9,145▼
2023 · €13,244
Cash flow
-€10,137▼
2023 · -€6,083
Debt to equity
3.19▲
2023 · 2.21
ROE
-33.9%▼
2023 · -29.4%
Interest coverage
0.47▼
2023 · 0.63
Debt ≤ 1 year
€458,398▲
2023 · €424,948
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.4% went bankrupt
1.7% stopped otherwise
96% still going

A further 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 2,508 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€617,399€602,173▼
Fixed assets21/28€611,178€575,692▼
Tangible fixed assets22/27€611,178€575,692▼
Land and buildings22€235,001€205,249▼
Other tangible fixed assets26€376,177€370,443▼
Current assets29/58€6,220€26,482▲
Cash at bank and in hand54/58€6,220€26,482▲
Equity and liabilities
Total equity and liabilities10/49€617,399€602,173▼
Equity10/15€192,450€143,775▼
Contributions10/11€100,000€100,000=
Reserves13€10,000€10,000=
Non-distributable reserves130/1€10,000€10,000=
Reserves not available under the articles1311€10,000€10,000=
Profit (loss) carried forward14€82,450€33,775▼
Amounts payable17/49€424,948€458,398▲
Amounts payable within one year42/48€424,948€458,398▲
Trade debts44€22,142€17,965▼
Suppliers440/4€22,142€17,965▼
Other amounts payable47/48€402,806€440,434▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,512€38,539▼
Other operating charges640/8€15,113€15,391▲
Gross operating margin9900€28,357€24,536▼
Operating profit (loss)9901-€37,268-€29,394▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€20,965€19,281▼
Recurring financial charges65€20,965€19,281▼
Profit (loss) for the period before taxes9903-€58,233-€48,675▲
Income taxes67/77-€1,639-
Profit (loss) for the period9904-€56,595-€48,675▲
Profit (loss) for the period to be appropriated9905-€56,595-€48,675▲
Appropriation of the result
Profit (loss) to be appropriated9906€82,450€33,775▼
Profit (loss) brought forward from the previous period14P€139,045€82,450▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,192€27,910€35,799€50,512€38,539▼ 23.7%
Other operating charges640/8-€11,400€13,113€15,113€15,391▲ 1.8%
Gross operating margin9900€30,188€29,668€28,836€28,357€24,536▼ 13.5%
Operating profit (loss)9901€6,677-€9,643-€20,075-€37,268-€29,394▲ 21.1%
Financial income75/76B-€86€1,301€0--
Recurring financial income75-€86€1,301€0--
Financial charges65/66B-€262€11,784€20,965€19,281▼ 8.0%
Recurring financial charges65€537€262€11,784€20,965€19,281▼ 8.0%
Profit (loss) for the period before taxes9903€6,140-€9,819-€30,558-€58,233-€48,675▲ 16.4%
Income taxes67/77€4,384-€1,639-€1,639--
Profit (loss) for the period9904€1,755-€9,819-€32,196-€56,595-€48,675▲ 14.0%
Profit (loss) for the period to be appropriated9905€1,755-€9,819-€32,196-€56,595-€48,675▲ 14.0%
Line20202021202220232024Change
Assets
Total assets20/58€416,708€514,108€677,907€617,399€602,173▼ 2.5%
Fixed assets21/28€404,442€473,674€585,498€611,178€575,692▼ 5.8%
Tangible fixed assets22/27€404,442€473,674€585,498€611,178€575,692▼ 5.8%
Land and buildings22-€246,900€240,951€235,001€205,249▼ 12.7%
Other tangible fixed assets26-€226,774€344,547€376,177€370,443▼ 1.5%
Current assets29/58€12,267€40,434€92,409€6,220€26,482▲ 326%
Amounts receivable within one year40/41€10,935€28,751€61,069---
Other amounts receivable41-€28,751€61,069---
Cash at bank and in hand54/58€1,331€11,683€31,341€6,220€26,482▲ 326%
Equity and liabilities
Total equity and liabilities10/49€416,708€514,108€677,907€617,399€602,173▼ 2.5%
Equity10/15€291,060€281,242€249,045€192,450€143,775▼ 25.3%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Capital10-€100,000----
Issued capital100-€100,000----
Reserves13€10,000€10,000€10,000€10,000€10,000=
Non-distributable reserves130/1-€10,000€10,000€10,000€10,000=
Legal reserve130-€10,000----
Reserves not available under the articles1311--€10,000€10,000€10,000=
Profit (loss) carried forward14€181,060€171,242€139,045€82,450€33,775▼ 59.0%
Amounts payable17/49€125,648€232,866€428,862€424,948€458,398▲ 7.9%
Amounts payable within one year42/48€125,648€232,866€428,862€424,948€458,398▲ 7.9%
Trade debts44€75,503€22,105€81,470€22,142€17,965▼ 18.9%
Suppliers440/4-€22,105€81,470€22,142€17,965▼ 18.9%
Other amounts payable47/48-€210,761€347,392€402,806€440,434▲ 9.3%
Line20202021202220232024Change
Profit (loss) for the period9904€1,755-€9,819-€32,196-€56,595-€48,675▲ 14.0%
+ Depreciation and write-downs630€12,192€27,910€35,799€50,512€38,539▼ 23.7%
Operating cash flow (approximation)€13,948€18,092€3,602-€6,083-€10,137▼ 66.6%
Investment in fixed assets (approximation)--€97,143-€147,622-€76,193-€3,052▲ 96.0%
Change in cash-€10,352€19,658-€25,121€20,262▲ 181%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-11
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 95 days late
07-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 160 days late
2023
31-12
Financial Weakest financial yearnet -€56,595
Net result drops to -€56,595, the lowest in the series; recovery starts the following year.
04-12
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 126 days late
2022
23-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
20-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 173 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial Back to profitnet €8,784
Net result €8,784 after one loss-making year.
06-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
29-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
11-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Dilbeek · 2 establishment units since 1980
seat establishment All 2 establishment units on the map
Ground area
6,370 m²
Building footprint
3,673 m²
Volume, LiDAR
39,548 m³
3 parcels, Flanders · tallest building 27.6 m, ±8 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
2 establishment units
Zeedijk 143, 8400 Oostende
Activities of head offices; management consultancy activities
since 19802.017.930.887
Levoldlaan 32, 1700 Dilbeek
NACE 70201
since 19882.017.930.788
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23037B0192/00N000
ProtectedMonumentBrouwerij TimmermansSource ↗
Flanders 5,467 m² 1 · 2,884 m² 17.6 m · 3 fl.
35384A0089/00H026 Flanders 694 m² 1 · 579 m² 27.6 m · 8 fl.
23016D0157/00S003 Flanders 209 m² 1 · 209 m² 13.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

3 owners

Chain of control

  1. HOLMAR 98.15%
  2. JOHN MARTIN 99.12%
  3. Brouwerij Timmermans 99.99%
  4. Gimost

Highest known parent: HOLMAR. The sources do not say who stands above it.

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2024 · 3 entries · 502,984 EUR awarded
Year Entries awardedpaid
2024 3 502,984 EUR0 EUR
Schemes
1 entry · 300,000 EUR · Onroerend Erfgoed
1 entry · 27,984 EUR · Onroerend Erfgoed

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,473 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
Founded01-09-1980
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.