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GINELL

Active
Private limited company (pre-2019)founded 198937 years 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).

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 probability, 12 months
1.1%
Structure
Board
1 member
Accounts filed 178 days 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%
Financially better than 45% of its sector peers (no NACE code, micro)
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%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.4%▼ -0.2 percentage points vs 02-2025lowest value 04-2025: 0.4%● unchanged vs 03-2025lowest value 05-2025: 0.4%● unchanged vs 04-2025lowest value 06-2025: 0.4%● unchanged vs 05-2025lowest value 07-2025: 0.4%● unchanged vs 06-2025lowest value 08-2025: 0.4%● unchanged vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.5%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%▲ +0.3 percentage points vs 03-2026 05-2026: 0.9%▲ +0.1 percentage points vs 04-2026 06-2026: 1.3%▲ +0.4 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.8%▲ +0.4 percentage points vs 07-2026 09-2026: 3.4%▲ +1.6 percentage points vs 08-2026highest value 10-2026: 1.1%▼ -2.3 percentage points vs 09-2026
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 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 (no NACE code, micro): better than 81% on solvency, 37% on liquidity, 24% on profitability and 39% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
−lowers risk+raises risk
raises risk · Latest accounts 178 days late; 2 of the last 3 late
NBB · filings
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €47,959
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1476.58, cash €1, halved
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 days late
2024
38 days early
2023
72 days late
2022
81 days late
2021
14 days early
2020
13 days early
2019
40 days 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 close07-10-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
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 days 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. 31-08-2024Liquidity times 134
  2. 11-06-2024Annual accounts filed
  3. 20-06-2023Annual 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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