Ginisis is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €292k and a net result of €-1.02M. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 30% of 9863 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
43 d early
2022
31 d early
2021
51 d early
2020
93 d early
2019
120 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€292k▼ 77.8%
2023 · €1.31M
2018: €1.18M
2019: €1.25M
2020: €1.25M
2021: €1.32M
2022: €1.34M
2023: €1.31M
2018 → 2024
Net result
€-1.02M▼ 3,275%
2023 · €-30k
2018: €25k
2019: €61k
2020: €3k
2021: €74k
2022: €22k
2023: €-30k
2018 → 2024
Total assets
€978k▼ 52.4%
2023 · €2.05M
2018: €1.23M
2019: €1.35M
2020: €2.12M
2021: €2.16M
2022: €2.11M
2023: €2.05M
2018 → 2024
Solvency
29.9%▼ 34.1pp
2023 · 64.0%
2018: 96.6%
2019: 92.2%
2020: 58.8%
2021: 61.3%
2022: 63.6%
2023: 64.0%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.25M-€1.32M▲ 5.9%€1.34M▲ 1.7%€1.31M▼ 2.3%€292k▼ 77.8%
Operating result€16k-€99k▲ 530%€38k▼ 62.0%€-129k€-10k▲ 92.3%
Net result€3k-€74k▲ 2,377%€22k▼ 70.3%€-30k€-1.02M▼ 3,275%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €129k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €978k
Fixed assets
€734k▼ 62.3%
Current assets
€244k▲ 124%
Equity and liabilities €978k
Equity
€292k▼ 77.8%
Debt
€686k▼ 7.4%
The debt ratio rises from 36.0% to 70.1%. Equity and debt are lower.
Key figures and ratios
Solvency
29.9%▼
2023 · 64.0%
ROE
-349.9%▼
2023 · -2.3%
ROA
-104.6%▼
2023 · -1.5%
Debt
€686k▼
2023 · €740k
Debt ≤ 1 year
€98k▲
2023 · €80k
Debt > 1 year
€587k▼
2023 · €655k
Income taxes
€167▼
2023 · €324
Staff costs
€5k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.05M€978k▼
Fixed assets21/28€1.95M€734k▼
Tangible fixed assets22/27€799k€734k▼
Land and buildings22€718k€680k▼
Plant, machinery and equipment23€19k€12k▼
Furniture and vehicles24€62k€42k▼
Financial fixed assets28€1.15M€0▼
Current assets29/58€109k€244k▲
Amounts receivable within one year40/41€63k€76k▲
Trade receivables40€24k€76k▲
Other amounts receivable41€39k€0▼
Cash at bank and in hand54/58€44k€165k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.05M€978k▼
Equity10/15€1.31M€292k▼
Contributions10/11€1.17M€1.17M=
Reserves13€143k€143k=
Non-distributable reserves130/1€17k€17k=
Reserves not available under the articles1311€17k€17k=
Distributable reserves133€127k€127k=
Profit (loss) carried forward14-€-1.02M
Amounts payable17/49€740k€686k▼
Amounts payable after more than one year17€655k€587k▼
Financial debts170/4€655k€587k▼
Amounts payable within one year42/48€80k€98k▲
Current portion of amounts payable after more than one year42€73k€68k▼
Trade debts44€830€4k▲
Suppliers440/4€830€4k▲
Taxes, remuneration and social security45€2k€20k▲
Taxes450/3€2k€20k▲
Remuneration and social security454/9€46€0▼
Other amounts payable47/48€4k€6k▲
Accrued charges and deferred income492/3€5k€451▼
Income statement
Code20232024
Non-recurring operating income76A€0€25k▲
Remuneration, social security and pensions62€17k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€52k▼
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€11k€0▼
Gross operating margin9900€-43k€51k▲
Operating profit (loss)9901€-129k€-10k▲
Financial income75/76B€111k€704▼
Recurring financial income75€1k€704▼
Non-recurring financial income76B€110k€0▼
Financial charges65/66B€12k€1.01M▲
Recurring financial charges65€12k€37k▲
Non-recurring financial charges66B-€976k
Profit (loss) for the period before taxes9903€-30k€-1.02M▼
Income taxes67/77€324€167▼
Profit (loss) for the period9904€-30k€-1.02M▼
Profit (loss) for the period to be appropriated9905€-30k€-1.02M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-1.02M▼
Transfer from equity791/2€30k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90870.4-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-1.02M
Net result drops to €-1.02M, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €74k ▲2377%
Operating result €99k, net result €74k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tongeren-Borgloon · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oorsprongstraat 183840 Tongeren-BorgloonGround area
1,678 m²
Building footprint
295 m²
Volume, LiDAR
1,875 m³
Parcel 73036B0258/00L000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ginisis
since 20162.259.461.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73036B0258/00L000 | Flanders | 1,678 m² | 1 · 295 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 295 EUR awarded · 295 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 295 EUR | 295 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,743 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.