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GINELL

Active
Private limited company (pre-2019)founded 198937 yrs activeJan Janssensstraat 1, 2610 Antwerpen, BelgiumKBO/BCE: BE 0436.890.275
Summary

GINELL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,352 and a net result of -€683. Equity remains stable across the filed fiscal years (±1.1% per year). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisWatch ReportCompare
GINELLActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€47,959total assets 2025
Equity
€42,352
Loss
-€683
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
1.1%
Structure
Board
1 member
Accounts filed 178 d late1 of 4 deeds read
Why 55Capped at 59: a confirmed filing finding- Latest accounts 178 days late; 2 of the last 3 late- Liquidity: current ratio 1476.58, cash €1, halved+ Founded in 1989+ Size: total assets €47,959Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 45% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 88.3% of total assets
Liquidity 50=
short-term debt 0.1% · cash 0.0%
Profitability 34=
return on assets -1.4%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.6% 12-2024: 0.6%▼ -0.5% vs 11-2024 01-2025: 0.6%▲ +0.4% vs 12-2024 02-2025: 0.6%▲ +12.1% vs 01-2025 03-2025: 0.4%▼ -37.7% vs 02-2025lowest value 04-2025: 0.4%● 0.0% vs 03-2025lowest value 05-2025: 0.4%● 0.0% vs 04-2025lowest value 06-2025: 0.4%● 0.0% vs 05-2025lowest value 07-2025: 0.4%● 0.0% vs 06-2025lowest value 08-2025: 0.4%● 0.0% vs 07-2025lowest value 09-2025: 0.4%▲ +1.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%▼ -0.7% vs 11-2025 01-2026: 0.4%▲ +0.5% vs 12-2025 02-2026: 0.4%▲ +10.4% vs 01-2026 03-2026: 0.5%▲ +3.2% vs 02-2026 04-2026: 0.8%▲ +82.1% vs 03-2026 05-2026: 0.9%▲ +11.9% vs 04-2026 06-2026: 1.3%▲ +43.8% vs 05-2026 07-2026: 1.4%▲ +2.1% vs 06-2026 08-2026: 1.8%▲ +34.5% vs 07-2026 09-2026: 3.4%▲ +83.4% vs 08-2026highest value 10-2026: 1.1%▼ -68.0% vs 09-2026
  • Latest accounts 178 days late; 2 of the last 3 late raises the probability
  • Founded in 1989 lowers the probability for this profile
  • Size: total assets €47,959 lowers the probability for this profile
  • Liquidity: current ratio 1476.58, cash €1, halved raises the probability
Credit up to €2,000 at 30 days only on tighter terms
short-term debt: 0.1% and cash: 0% of total assets, and 11.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 37%, profitability 24%, growth against the median 39%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Latest accounts 178 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €47,959
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1476.58, cash €1, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 25-09-2026, 178 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
178 d late
2024
38 d early
2023
72 d late
2022
81 d late
2021
14 d early
2020
13 d early
2019
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 32 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today. Usually files around 12 June (4 of the last 5 filed years within 105 days of that day).
Companies Code · seven months
Position in the running window
31-08-2026 close05-10-2026 today31-03-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Appointment: Olivier Verborgt (non-statutory director)State Gazette act
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€683 View
  • Caution: Latest accounts filed lateafter the legal deadline 178 d View
  • New directorlatest change 20-07-2026 · 1 in office 1 joined View

By topic

Financials

Fiscal year
2025
Total assets
€47,959
Loss
-€683
Solvency
88.3%
Total assets▼ 0.1%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-03-2027
  1. 25-09-2026Annual accounts filed
  2. 10-09-2026Appointment: Olivier Verborgt (non-statutory director)
  3. 21-02-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Founded
08-03-1989
Year ends
31-08
Peppol
Not found in the Peppol directory
Go to Company details

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