GINF
ActiveSummary
GINF has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,060 and a net result of €78,967. Equity has been stable since 2019 (±0% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-09-2014 Normal situation
- Activity
- “Het verlenen van adviezen van financiële,immobiliaire,technische,commerciële of administratieve aard,in de ruimste zin,bijstand en diensten…” (deed in Dutch)From the articles, 12 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.236.449.816 2400 Mol, since 22-09-2014
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €508,762
- ▲ 2.7%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €78,967
- ▼ 20.3%
- Equity
- €8,060
- =
- Total assets
- €3.8m
- ▲ 14.7%
Score breakdownraises riskEquity €8,060 (0.2% of total assets)lowers riskSize: total assets €3.8mNo main activity registeredFounded in 2014Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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, small). It does better than 11% of them on solvency, 5% on liquidity, 47% on profitability and 44% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 18 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 07-01-2026 PDF all 10 filings
Every figure per financial year
The operating result for 2025 is 2% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2020 | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €25,000 | - | - | - | - |
Source: notes to the 2020 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,500 | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | €3,384 | - | €3,004 | €3,480 | €3,761 | €5,200 | ▲ 38.2% |
| Gross operating margin9900 | €111,905 | €196,789 | €543,402 | €573,857 | €384,177 | €495,517 | €508,762 | ▲ 2.7% |
| Operating profit (loss)9901 | €87,331 | €193,405 | €531,595 | €570,853 | €380,697 | €491,756 | €503,562 | ▲ 2.4% |
| Financial income75/76B | - | - | - | - | €158 | €17,169 | €27,251 | ▲ 58.7% |
| Recurring financial income75 | - | - | €1,492 | - | €158 | €17,169 | €27,251 | ▲ 58.7% |
| Financial charges65/66B | - | €86,885 | - | €266,618 | €323,103 | €376,797 | €425,514 | ▲ 12.9% |
| Recurring financial charges65 | €72,261 | €86,885 | €115,241 | €266,618 | €323,103 | €376,797 | €425,514 | ▲ 12.9% |
| Profit (loss) for the period before taxes9903 | €15,070 | €106,520 | €417,846 | €304,235 | €57,752 | €132,128 | €105,300 | ▼ 20.3% |
| Income taxes67/77 | €4,752 | €32,129 | €4,761 | €81,193 | €14,438 | €33,049 | €26,333 | ▼ 20.3% |
| Profit (loss) for the period9904 | €10,318 | €74,391 | €413,085 | €223,043 | €43,314 | €99,079 | €78,967 | ▼ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €10,318 | €74,391 | €413,085 | €223,043 | €43,314 | €99,079 | €78,967 | ▼ 20.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €3.1m | €3.1m | €3.1m | €3.0m | €3.3m | €3.8m | ▲ 14.7% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.4m | €0.3m | €0.06m | €0.06m | €0.06m | = |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.3m | - | - | - | - |
| Land and buildings22 | - | €0.3m | - | €0.3m | - | - | - | - |
| Financial fixed assets28 | €0.001m | €0.03m | €0.1m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Current assets29/58 | €2.4m | €2.8m | €2.8m | €2.8m | €2.9m | €3.2m | €3.7m | ▲ 15.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Other amounts receivable291 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Stocks and contracts in progress3 | €2.3m | €2.1m | €1.7m | €1.4m | €1.4m | €1.7m | €1.1m | ▼ 39.1% |
| Stocks30/36 | - | €2.1m | - | €1.4m | €1.4m | €1.7m | €1.1m | ▼ 39.1% |
| Amounts receivable within one year40/41 | - | - | - | - | €0.06m | €0.05m | €0.03m | ▼ 45.3% |
| Trade receivables40 | - | - | - | - | €0.03m | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | €0.04m | €0.05m | €0.03m | ▼ 45.3% |
| Current investments50/53 | - | - | - | - | - | €0.6m | €2.0m | ▲ 228% |
| Cash at bank and in hand54/58 | €0.2m | €0.6m | €0.6m | €0.8m | €0.8m | €0.2m | €0.04m | ▼ 81.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €3.1m | €3.1m | €3.1m | €3.0m | €3.3m | €3.8m | ▲ 14.7% |
| Equity10/15 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | €0.002m | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Other1319 | - | €0.002m | - | - | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.002m | - |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €2.7m | €3.1m | €3.1m | €3.1m | €3.0m | €3.3m | €3.8m | ▲ 14.8% |
| Amounts payable within one year42/48 | €2.7m | €3.1m | €3.1m | €3.1m | €3.0m | €3.3m | €3.8m | ▲ 14.8% |
| Financial debts43 | - | €1.5m | - | €0.5m | €0.2m | €0 | - | - |
| Other loans439 | - | €1.5m | - | €0.5m | €0.2m | €0 | - | - |
| Trade debts44 | €0.08m | €0.08m | - | €0.001m | - | €0.01m | €63 | ▼ 99.5% |
| Suppliers440/4 | - | €0.08m | - | €0.001m | - | €0.01m | €63 | ▼ 99.5% |
| Taxes, remuneration and social security45 | - | €0.01m | - | €0.08m | - | - | - | - |
| Taxes450/3 | - | €0.01m | - | €0.08m | - | - | - | - |
| Other amounts payable47/48 | - | €1.5m | - | €2.5m | €2.8m | €3.3m | €3.8m | ▲ 15.3% |
| Accrued charges and deferred income492/3 | - | €0.001m | - | €0.001m | €0.001m | €0.001m | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,318 | €74,391 | €413,085 | €223,043 | €43,314 | €99,079 | €78,967 | ▼ 20.3% |
| + Depreciation and write-downs630 | €18,500 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €28,818 | €74,391 | €413,085 | €223,043 | €43,314 | €99,079 | €78,967 | ▼ 20.3% |
| Investment in fixed assets (approximation) | - | -€24,388 | -€77,000 | €42,000 | €265,000 | €0 | €0 | - |
| Change in cash | - | €469,442 | €1,406 | €128,134 | €83,908 | -€622,366 | -€183,643 | ▲ 70.5% |
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, 1,448 companies had the same profile as GINF has now. Two years later, 95.6% were still going and 2.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GINF itself is lower: 0.1% within 12 months. It rests on far more data about GINF than the profile alone.
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 1,448 companies, not a prediction for GINF. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 07-01-2026 | 2026-00003413 | |
| 30-06-2024 | abbreviated format | 10-01-2025 | 2025-00003069 | |
| 30-06-2023 | abbreviated format | 11-01-2024 | 2024-00000282 | |
| 30-06-2022 | abbreviated format | 30-01-2023 | 2023-00009856 | |
| 30-06-2021 | abbreviated format | 24-01-2022 | 2022-01600561 | |
| 30-06-2020 | abbreviated format | 05-01-2021 | 2021-00300269 | |
| 30-06-2019 | abbreviated format | 02-01-2020 | 2020-00200133 | |
| 30-06-2018 | abbreviated format | 02-01-2019 | 2019-00100289 | |
| 30-06-2017 | abbreviated format | 02-01-2018 | 2018-00100290 | |
| 30-06-2016 | abbreviated format | 02-01-2017 | 2017-00100257 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Shareholders
2 ownersChain of control
- REPLACE
- GINF
Owners 2
- REPLACEparentSourceaccounts REPLACE 2025Equity €1.8m Profit of €286,157 in 2025 (profit of €213,176 in 2024) Checked score 9673%
- Sourceaccounts VATO 2025Equity €1.2m Profit of €238,185 in 2025 (profit of €157,766 in 2024) Checked score 9727%
Capital transactions
- 29-09-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| REPLACE |
|
| VATO |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 30-06-2025Equity -€337,324 Profit of €171,054 in 2025 (profit of €152,926 in 2024) Checked score 5750%
Companies at the same address
2 other companiesConnections & network
4 connected companiesTimeline
Acts, filings and financial milestones
29-09
Gazette deed
2 directors appointed, 2 directors resigningChanges of role: REPLACE (director) and VATO (director) · Permanent representatives: Koen HUYSMANS and Sven TORFS · Amendment of the articles12 points ▸
- General meeting, 19-09-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “overeenkomstig vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “2400 Mol,De Rooy 136” (deed in Dutch)
- Director resignation, REPLACE (manager)
- Director resignation, VATO (manager)
- Board rule, 2, “benoeming twee bestuurders” (deed in Dutch)
- Director appointment, REPLACE (director (not named in the articles))
- Director appointment, VATO (director (not named in the articles))
- Permanent representative, Koen HUYSMANS
- Permanent representative, Sven TORFS
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
12 activities
- Het verlenen van adviezen van financiële,immobiliaire,technische,commerciële of administratieve aard,in de ruimste zin,bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur
- Het verlenen van bijstand,advies,management en andere diensten aan bedrijven,privépersonen en instellingen.de vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuurdersfuncties waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande.de diensten kunnen worden geleverd krachtens contractuele of statutaire benoeming en in hoedanigheid van externe raadgever of orgaan van de cliënt
- Het beheer en het verwerven van een onroerend vermogen
- De aankoop,verkoop,ruiling,exploitatie,verkaveling en het beheer voor eigen rekening of voor rekening van derden van alle onroerende goederen zonder uitzondering,gelegen in België of in het buitenland
- Projectontwikkeling voor eigen rekening of voor derden en/of in participatie met derden
- Het verlenen van diensten in de bouwsector
- Het uitbaten,huren en verhuren van alle onroerende goederen,alsmede het optreden als makelaar en tussenpersoon bij verkoop en verhuring ervan
- In pandstelling ten voordele van derden
- Het zich borg stellen voor het goede verloop van verbintenissen aangegaan door derde personen die het genot zouden hebben van de onroerende goederen van de vennootschap
- Het verlenen van zowel persoonlijke als zakelijke roerende en onroerende waarborgen ten voordele van derden
- Alle beleggingen in roerende goederen en waarden
- Holdingactiviteiten
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13435C0618/00H000 | Flanders | 1,241 m² | 1 · 198 m² | 7.1 m · 2 |