GINSYS
ActiveSummary
GINSYS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,035 and a net result of €43,429. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 55% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+65
Solvency85▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.49 against 3.45 in 2024; short-term debt: 29.5% and cash: 44.4% of total assets), and 39.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.4%
Return on assets
25.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
51 d early
2023
12 d early
2022
30 d late
2021
67 d early
2020
3 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (3 of the last 4 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Lievegem, Telecoms and IT sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€104,035▲ 13.9%
2024 · €91,314
Total assets
€172,124▲ 21.5%
2024 · €141,615
Net result
€43,429
2024 · -€13,906
Working capital
€75,632▲ 35.7%
2024 · €55,744
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,447€10,729▼ 38.5%€58,961▲ 450%-€11,485€57,591
Net result€17,058within the sector's middle half€6,714within the sector's middle half▼ 60.6%€40,879within the sector's middle half▲ 509%-€13,906below the sector's middle half€43,429within the sector's middle half
Equity€65,542within the sector's middle half▲ 35.2%€72,256within the sector's middle half▲ 10.2%€105,219within the sector's middle half▲ 45.6%€91,314within the sector's middle half▼ 13.2%€104,035within the sector's middle half▲ 13.9%
Total assets€74,857within the sector's middle half▲ 40.0%€82,338within the sector's middle half▲ 10.0%€175,587within the sector's middle half▲ 113%€141,615within the sector's middle half▼ 19.3%€172,124within the sector's middle half▲ 21.5%
Debt€9,315▲ 87.0%€10,082▲ 8.2%€70,368▲ 598%€50,302▼ 28.5%€68,089▲ 35.4%
Working capital€61,162within the sector's middle half▲ 47.7%€67,632within the sector's middle half▲ 10.6%€59,982within the sector's middle half▼ 11.3%€55,744within the sector's middle half▼ 7.1%€75,632within the sector's middle half▲ 35.7%
Solvency87.6%above the sector's middle half▼ 3.1pp87.8%above the sector's middle half▲ 0.2pp59.9%within the sector's middle half▼ 27.8pp64.5%within the sector's middle half▲ 4.6pp60.4%within the sector's middle half▼ 4.0pp
Current ratio7.84above the sector's middle half▼ 1.488.30above the sector's middle half▲ 0.462.80within the sector's middle half▼ 5.503.45within the sector's middle half▲ 0.652.49within the sector's middle half▼ 0.96
Return on assets (ROA)22.8%within the sector's middle half▲ 64.0pp8.2%within the sector's middle half▼ 14.6pp23.3%within the sector's middle half▲ 15.1pp-9.8%below the sector's middle half▼ 33.1pp25.2%within the sector's middle half▲ 35.1pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €57,591 after a loss of €11,485 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172,124
Fixed assets
€45,730 ▼ 27.5%
Current assets
€126,394 ▲ 61.0%
Equity and liabilities €172,124
Equity
€104,035 ▲ 13.9%
Debt
€68,089 ▲ 35.4%
Debt's share of the balance-sheet total rises from 35.5% to 39.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76,504▲
2024 · €7,704
Cash flow
€62,341▲
2024 · €5,283
Debt to equity
0.65▲
2024 · 0.55
ROE
41.7%▲
2024 · -15.2%
Interest coverage
37.18▲
2024 · 3.42
Debt ≤ 1 year
€50,763▲
2024 · €22,773
Debt > 1 year
€16,259▼
2024 · €26,463
Income taxes
€12,218▲
2024 · €291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,478 | €2,899 | €10,586 | €19,189 | €18,912 | ▼ 1.4% |
| Other operating charges640/8 | - | €469 | €1,847 | €2,267 | €1,551 | ▼ 31.6% |
| Gross operating margin9900 | €20,392 | €14,097 | €71,394 | €9,972 | €78,054 | ▲ 683% |
| Operating profit (loss)9901 | €17,447 | €10,729 | €58,961 | -€11,485 | €57,591 | ▲ 601% |
| Financial income75/76B | - | €0 | €1 | €120 | €112 | ▼ 6.7% |
| Recurring financial income75 | €0 | €0 | €1 | €120 | €112 | ▼ 6.7% |
| Financial charges65/66B | - | €262 | €1,562 | €2,250 | €2,057 | ▼ 8.6% |
| Recurring financial charges65 | €203 | €262 | €1,562 | €2,250 | €2,057 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €17,243 | €10,466 | €57,400 | -€13,615 | €55,646 | ▲ 509% |
| Income taxes67/77 | €185 | €3,753 | €16,521 | €291 | €12,218 | ▲ 4,096% |
| Profit (loss) for the period9904 | €17,058 | €6,714 | €40,879 | -€13,906 | €43,429 | ▲ 412% |
| Profit (loss) for the period to be appropriated9905 | €17,058 | €6,714 | €40,879 | -€13,906 | €43,429 | ▲ 412% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,857 | €82,338 | €175,587 | €141,615 | €172,124 | ▲ 21.5% |
| Fixed assets21/28 | €4,748 | €5,438 | €82,288 | €63,098 | €45,730 | ▼ 27.5% |
| Tangible fixed assets22/27 | €4,598 | €5,288 | €82,138 | €62,948 | €45,580 | ▼ 27.6% |
| Plant, machinery and equipment23 | - | €3,276 | €2,517 | €1,758 | €998 | ▼ 43.2% |
| Furniture and vehicles24 | - | €2,012 | €79,621 | €61,191 | €44,581 | ▼ 27.1% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €70,109 | €76,900 | €93,299 | €78,517 | €126,394 | ▲ 61.0% |
| Amounts receivable within one year40/41 | €14,549 | €20,557 | €32,476 | €57,235 | €38,978 | ▼ 31.9% |
| Trade receivables40 | - | €9,762 | €19,940 | €39,766 | €31,516 | ▼ 20.7% |
| Other amounts receivable41 | - | €10,796 | €12,536 | €17,469 | €7,462 | ▼ 57.3% |
| Cash at bank and in hand54/58 | €50,082 | €47,939 | €51,342 | €11,650 | €76,366 | ▲ 555% |
| Deferred charges and accrued income490/1 | - | €8,404 | €9,481 | €9,632 | €11,050 | ▲ 14.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,857 | €82,338 | €175,587 | €141,615 | €172,124 | ▲ 21.5% |
| Equity10/15 | €65,542 | €72,256 | €105,219 | €91,314 | €104,035 | ▲ 13.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €64,344 | €66,056 | €99,019 | €99,019 | €97,835 | ▼ 1.2% |
| Distributable reserves133 | - | €66,056 | €99,019 | €99,019 | €97,835 | ▼ 1.2% |
| Profit (loss) carried forward14 | -€5,002 | - | - | -€13,906 | - | - |
| Amounts payable17/49 | €9,315 | €10,082 | €70,368 | €50,302 | €68,089 | ▲ 35.4% |
| Amounts payable after more than one year17 | - | - | €36,186 | €26,463 | €16,259 | ▼ 38.6% |
| Financial debts170/4 | - | - | €36,186 | €26,463 | €16,259 | ▼ 38.6% |
| Amounts payable within one year42/48 | €8,947 | €9,269 | €33,318 | €22,773 | €50,763 | ▲ 123% |
| Current portion of amounts payable after more than one year42 | - | - | €9,265 | €9,723 | €10,204 | ▲ 4.9% |
| Trade debts44 | €1,474 | €677 | €1,605 | €797 | €712 | ▼ 10.7% |
| Suppliers440/4 | - | €677 | €1,605 | €797 | €712 | ▼ 10.7% |
| Taxes, remuneration and social security45 | - | €8,398 | €14,532 | €9,231 | €12,460 | ▲ 35.0% |
| Taxes450/3 | - | €8,398 | €14,532 | €9,231 | €12,460 | ▲ 35.0% |
| Other amounts payable47/48 | - | €193 | €7,916 | €3,022 | €27,387 | ▲ 806% |
| Accrued charges and deferred income492/3 | - | €814 | €864 | €1,066 | €1,067 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,058 | €6,714 | €40,879 | -€13,906 | €43,429 | ▲ 412% |
| + Depreciation and write-downs630 | €2,478 | €2,899 | €10,586 | €19,189 | €18,912 | ▼ 1.4% |
| Operating cash flow (approximation) | €19,536 | €9,613 | €51,466 | €5,283 | €62,341 | ▲ 1,080% |
| Investment in fixed assets (approximation) | - | -€3,589 | -€87,436 | €0 | -€1,544 | - |
| Change in cash | - | -€2,143 | €3,403 | -€39,691 | €64,716 | ▲ 263% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €43,429
Net result €43,429 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €104,035 ▲13.9%
Equity rises from €91,314 to €104,035.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €105,219 ▲45.6%
3 profitable years in a row build equity to €105,219.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €17,058
Net result €17,058 after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€22,060
Net result drops to -€22,060, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lievegem · 1 establishment unit since 1999
Ground area
464 m²
Building footprint
152 m²
Volume, LiDAR
1,218 m³
Parcel 44072A0754/00B000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ginsys
since 19992.092.023.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072A0754/00B000 | Flanders | 464 m² | 1 · 152 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
2024 · 1 entry · 87 EUR awarded · 87 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 87 EUR | 87 EUR |
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Of 2,783 companies in sector 63910 we hold annual accounts for 699. 510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
63910Web portal activities
33200Installation of industrial machinery and equipment
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466536742
Registered
08-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.