GIMS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-04-2026 PDF all 22 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a profit of €31,519, after a loss of €13,011 in 2024. It is the highest result since 2021.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| part-time | 1 | 1 | - |
| in full-time equivalents | 0.2 | 0.2 | - |
| Average over the year, in full-time equivalents | 1.3 | 0.2 | 0.4 |
| Joined | 1 | - | - |
| Left | 1 | - | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €33,836 | €6,969 | - | €2,000 | €3,100 |
| Depreciation and write-downs of the year | €21,223 | €15,046 | €3,360 | €2,655 | €3,372 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €185,856 | - | €47,208 | €29,364 | - | €37,104 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €74,334 | €109,286 | - | €44,963 | - | - |
| Remuneration, social security and pensions62 | - | - | €4,335 | €3,416 | €5,101 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,219 | €21,281 | €21,223 | €15,046 | €3,360 | €2,655 | €3,372 | ▲ 27.0% |
| Other operating charges640/8 | - | - | €1,148 | €3,031 | €2,673 | €2,667 | €402 | ▼ 84.9% |
| Non-recurring operating charges66A | - | - | €500 | €13,621 | - | - | - | - |
| Gross operating margin9900 | €44,924 | €51,913 | -€3,722 | -€76,930 | -€20,975 | -€7,690 | €35,293 | - |
| Operating profit (loss)9901 | -€10,186 | €18,777 | -€30,928 | -€112,045 | -€32,109 | -€13,011 | €31,519 | - |
| Financial income75/76B | - | - | €5,311 | €21,473 | €2,457 | €769 | €616 | ▼ 19.8% |
| Recurring financial income75 | €1,904 | €8,052 | €5,187 | €21,473 | €2,457 | €769 | €616 | ▼ 19.8% |
| Non-recurring financial income76B | - | - | €123 | - | - | - | - | - |
| Financial charges65/66B | - | - | €123 | €84 | €155 | €115 | €108 | ▼ 5.5% |
| Recurring financial charges65 | €646 | €510 | €123 | €84 | €155 | €115 | €108 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | -€8,928 | €26,319 | -€25,741 | -€90,656 | -€29,808 | -€12,357 | €32,027 | - |
| Income taxes67/77 | €252 | €7,661 | - | €1,598 | €159 | €154 | €503 | ▲ 228% |
| Profit (loss) for the period9904 | -€9,180 | €18,658 | -€25,741 | -€92,253 | -€29,967 | -€12,511 | €31,524 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,180 | €18,658 | -€25,741 | -€92,253 | -€29,967 | -€12,511 | €31,524 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €478,787 | €406,841 | €357,783 | €269,891 | €223,635 | €172,100 | €200,100 | ▲ 16.3% |
| Fixed assets21/28 | €51,507 | €30,167 | €38,030 | €15,505 | €9,525 | €8,870 | €8,598 | ▼ 3.1% |
| Tangible fixed assets22/27 | €51,142 | €29,802 | €37,665 | €15,140 | €9,525 | €8,870 | €8,598 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | €9,589 | €9,173 | €4,402 | €4,591 | €5,163 | ▲ 12.5% |
| Furniture and vehicles24 | - | - | €25,727 | €3,617 | €2,773 | €1,929 | €1,085 | ▼ 43.8% |
| Other tangible fixed assets26 | - | - | €2,350 | €2,350 | €2,350 | €2,350 | €2,350 | = |
| Financial fixed assets28 | €365 | €365 | €365 | €365 | - | - | - | - |
| Current assets29/58 | €427,280 | €376,674 | €319,752 | €254,386 | €214,110 | €163,230 | €191,502 | ▲ 17.3% |
| Amounts receivable after more than one year29 | - | - | €133,114 | €94,334 | €87,418 | €87,418 | €77,000 | ▼ 11.9% |
| Other amounts receivable291 | - | - | €133,114 | €94,334 | €87,418 | €87,418 | €77,000 | ▼ 11.9% |
| Amounts receivable within one year40/41 | €17,846 | €14,541 | €13,616 | €24,715 | €29,229 | €54,613 | €92,349 | ▲ 69.1% |
| Trade receivables40 | - | - | €5,123 | €2,552 | €18,393 | €46,059 | €12,208 | ▼ 73.5% |
| Other amounts receivable41 | - | - | €8,493 | €22,163 | €10,836 | €8,554 | €80,141 | ▲ 837% |
| Current investments50/53 | €51,166 | €97,966 | €142,066 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €180,232 | €108,408 | €23,586 | €127,966 | €97,463 | €21,200 | €22,153 | ▲ 4.5% |
| Deferred charges and accrued income490/1 | - | - | €7,371 | €7,371 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €478,787 | €406,841 | €357,783 | €269,891 | €223,635 | €172,100 | €200,100 | ▲ 16.3% |
| Equity10/15 | €289,676 | €308,334 | €282,594 | €190,340 | €160,373 | €147,862 | €179,386 | ▲ 21.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | - | - | - | - |
| Capital10 | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €196,867 | €211,867 | €211,867 | €211,867 | €230,467 | €230,467 | €230,467 | = |
| Non-distributable reserves130/1 | - | - | €26,860 | €26,860 | €45,460 | €45,460 | €45,460 | = |
| Legal reserve130 | - | - | €26,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €26,860 | €45,460 | €45,460 | €45,460 | = |
| Own shares acquired1312 | - | - | - | - | €0 | - | €0 | - |
| Tax-exempt reserves132 | - | - | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Distributable reserves133 | - | - | €110,007 | €110,007 | €110,007 | €110,007 | €110,007 | = |
| Profit (loss) carried forward14 | €74,210 | €77,868 | €52,127 | -€40,126 | -€70,094 | -€82,604 | -€51,080 | ▲ 38.2% |
| Amounts payable17/49 | €189,110 | €98,507 | €75,189 | €79,551 | €63,262 | €24,238 | €20,713 | ▼ 14.5% |
| Amounts payable after more than one year17 | €12,500 | €12,500 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €176,610 | €86,007 | €75,189 | €79,551 | €60,612 | €12,656 | €8,450 | ▼ 33.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,400 | €2,400 | - | - | - |
| Trade debts44 | €115,570 | €9,937 | €13,552 | €14,607 | €3,274 | €2,277 | €1,160 | ▼ 49.0% |
| Suppliers440/4 | - | - | €13,552 | €14,607 | €3,274 | €2,277 | €1,160 | ▼ 49.0% |
| Taxes, remuneration and social security45 | - | - | €4,162 | €5,679 | €19,339 | €9,957 | €7,289 | ▼ 26.8% |
| Taxes450/3 | - | - | €909 | €2,889 | €3,438 | €7,199 | €7,289 | ▲ 1.3% |
| Remuneration and social security454/9 | - | - | €3,253 | €2,791 | €15,900 | €2,758 | - | - |
| Other amounts payable47/48 | - | - | €57,475 | €56,865 | €35,599 | €423 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,650 | €11,582 | €12,264 | ▲ 5.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,180 | €18,658 | -€25,741 | -€92,253 | -€29,967 | -€12,511 | €31,524 | - |
| + Depreciation and write-downs630 | €29,219 | €21,281 | €21,223 | €15,046 | €3,360 | €2,655 | €3,372 | ▲ 27.0% |
| Operating cash flow (approximation) | €20,038 | €39,939 | -€4,518 | -€77,207 | -€26,607 | -€9,856 | €34,896 | - |
| Investment in fixed assets (approximation) | - | €58 | -€29,086 | €7,479 | €2,620 | -€2,000 | -€3,100 | ▼ 55.0% |
| Change in cash | - | -€71,824 | -€84,822 | €104,380 | -€30,503 | -€76,263 | €953 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as GIMS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GIMS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for GIMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 24-04-2026 | 2026-00088500 | |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00083653 | |
| 30-09-2023 | abbreviated format | 14-03-2024 | 2024-00043349 | |
| 30-09-2022 | abbreviated format | 05-04-2023 | 2023-00054240 | |
| 30-09-2021 | abbreviated format | 20-04-2022 | 2022-20004770 | |
| 30-09-2020 | abbreviated format | 12-03-2021 | 2021-07500228 | |
| 30-09-2019 | abbreviated format | 01-05-2020 | 2020-11600514 | |
| 30-09-2018 | abbreviated format | 06-03-2019 | 2019-06400421 | |
| 30-09-2017 | micro format | 23-03-2018 | 2018-07900445 | |
| 30-09-2016 | abbreviated format | 31-05-2017 | 2017-14300034 |