Gintronics
ActiveSummary
Gintronics has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €0 and a net result of €27,532. Equity is shrinking by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency25▼-75
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 6.39 in 2024; short-term debt: 100% and cash: 10.4% of total assets), and 100% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 683 sector peers (2025).
NBB · sector comparisonPosition among 683 sector peers
Solvency
better than 23%
← weakest
strongest →
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 01-04-2026, 121 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
121 d early
2024
154 d early
2023
68 d early
2022
14 d early
2021
26 d late
2020
33 d early
2019
7 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 53 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€0▼ 100%
2024 · €62,102
Total assets
€42,245▼ 38.9%
2024 · €69,117
Net result
€27,532▼ 47.5%
2024 · €52,413
Working capital
-€27,085
2024 · €37,821
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing 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-€21,207-€10,778▲ 49.2%€6,809€61,508▲ 803%€36,017▼ 41.4%
Net result-€22,014below the sector's middle half-€11,254below the sector's middle half▲ 48.9%€2,680within the sector's middle half€52,413above the sector's middle half▲ 1,856%€27,532within the sector's middle half▼ 47.5%
Equity€48,763within the sector's middle half▼ 31.1%€37,509within the sector's middle half▼ 23.1%€40,189within the sector's middle half▲ 7.1%€62,102within the sector's middle half▲ 54.5%€0below the sector's middle half▼ 100%
Total assets€113,330within the sector's middle half▼ 12.7%€90,696within the sector's middle half▼ 20.0%€64,804within the sector's middle half▼ 28.5%€69,117within the sector's middle half▲ 6.7%€42,245within the sector's middle half▼ 38.9%
Debt€64,567▲ 9.5%€53,187▼ 17.6%€24,616▼ 53.7%€7,015▼ 71.5%€42,245▲ 502%
Working capital€44,794▼ 30.1%€34,747▼ 22.4%€37,361▲ 7.5%€37,821▲ 1.2%-€27,085
Solvency43.0%within the sector's middle half▼ 11.5pp41.4%within the sector's middle half▼ 1.7pp62.0%within the sector's middle half▲ 20.7pp89.9%above the sector's middle half▲ 27.8pp0.0%below the sector's middle half▼ 89.9pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing 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 falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,245
Fixed assets
€27,085 ▲ 11.5%
Current assets
€15,160 ▼ 66.2%
Key figures and ratios
EBITDA
€43,410▼
2024 · €64,587
Cash flow
€34,925▼
2024 · €55,493
Current ratio
0.36▼
2024 · 6.39
ROA
65.2%▼
2024 · 75.8%
Interest coverage
36.37▼
2024 · 454.90
Debt ≤ 1 year
€42,245▲
2024 · €7,015
Income taxes
€7,715▼
2024 · €9,041
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 1,322 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,561 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €9,377 | €104 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,831 | €1,207 | €1,513 | €3,079 | €7,393 | ▲ 140% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €2,060 | €0 | - | - | - |
| Other operating charges640/8 | €2,271 | €1,537 | €1,674 | €1,250 | €850 | ▼ 32.0% |
| Gross operating margin9900 | -€7,728 | -€5,871 | €9,996 | €65,837 | €44,259 | ▼ 32.8% |
| Operating profit (loss)9901 | -€21,207 | -€10,778 | €6,809 | €61,508 | €36,017 | ▼ 41.4% |
| Financial income75/76B | €30 | €398 | €0 | €89 | €425 | ▲ 378% |
| Recurring financial income75 | €30 | €398 | €0 | €89 | €425 | ▲ 378% |
| Financial charges65/66B | €175 | €277 | €2,267 | €142 | €1,194 | ▲ 741% |
| Recurring financial charges65 | €175 | €277 | €2,267 | €142 | €1,194 | ▲ 741% |
| Profit (loss) for the period before taxes9903 | -€21,352 | -€10,658 | €4,542 | €61,455 | €35,248 | ▼ 42.6% |
| Income taxes67/77 | €663 | €596 | €1,862 | €9,041 | €7,715 | ▼ 14.7% |
| Profit (loss) for the period9904 | -€22,014 | -€11,254 | €2,680 | €52,413 | €27,532 | ▼ 47.5% |
| Profit (loss) for the period to be appropriated9905 | -€22,014 | -€11,254 | €2,680 | €52,413 | €27,532 | ▼ 47.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,330 | €90,696 | €64,804 | €69,117 | €42,245 | ▼ 38.9% |
| Fixed assets21/28 | €3,969 | €2,762 | €2,828 | €24,281 | €27,085 | ▲ 11.5% |
| Tangible fixed assets22/27 | €3,969 | €2,762 | €2,828 | €24,281 | €27,085 | ▲ 11.5% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €1,549 | €1,074 | €1,723 | €23,587 | €20,130 | ▼ 14.7% |
| Other tangible fixed assets26 | €2,420 | €1,688 | €1,105 | €694 | €6,955 | ▲ 902% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €109,361 | €87,934 | €61,976 | €44,836 | €15,160 | ▼ 66.2% |
| Amounts receivable within one year40/41 | €13,387 | €3,882 | €0 | €13,340 | €5,104 | ▼ 61.7% |
| Trade receivables40 | €13,282 | €3,882 | €0 | €9,680 | €0 | ▼ 100% |
| Other amounts receivable41 | €105 | €0 | - | €3,660 | €5,104 | ▲ 39.4% |
| Cash at bank and in hand54/58 | €95,974 | €83,932 | €61,837 | €31,495 | €4,414 | ▼ 86.0% |
| Deferred charges and accrued income490/1 | - | €120 | €139 | €0 | €5,642 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,330 | €90,696 | €64,804 | €69,117 | €42,245 | ▼ 38.9% |
| Equity10/15 | €48,763 | €37,509 | €40,189 | €62,102 | €0 | ▼ 100% |
| Contributions10/11 | €30,500 | €30,500 | €30,500 | €0 | - | - |
| Reserves13 | €40,278 | €40,278 | €40,278 | €62,102 | €0 | ▼ 100% |
| Distributable reserves133 | €40,278 | €40,278 | €40,278 | €62,102 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€22,014 | -€33,269 | -€30,589 | €0 | €0 | - |
| Amounts payable17/49 | €64,567 | €53,187 | €24,616 | €7,015 | €42,245 | ▲ 502% |
| Amounts payable within one year42/48 | €64,567 | €53,187 | €24,616 | €7,015 | €42,245 | ▲ 502% |
| Financial debts43 | - | - | - | - | €2,692 | - |
| Credit institutions430/8 | - | - | - | - | €2,692 | - |
| Trade debts44 | €6,428 | €4,258 | €2,374 | €1,599 | €6,774 | ▲ 324% |
| Suppliers440/4 | €6,428 | €4,258 | €2,374 | €1,599 | €6,774 | ▲ 324% |
| Taxes, remuneration and social security45 | €7,124 | €8,116 | €9,519 | €5,416 | €9,376 | ▲ 73.1% |
| Taxes450/3 | €7,124 | €5,821 | €9,519 | €5,416 | €9,376 | ▲ 73.1% |
| Remuneration and social security454/9 | €0 | €2,295 | €0 | - | - | - |
| Other amounts payable47/48 | €51,014 | €40,814 | €12,723 | €0 | €23,403 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,014 | -€11,254 | €2,680 | €52,413 | €27,532 | ▼ 47.5% |
| + Depreciation and write-downs630 | €1,831 | €1,207 | €1,513 | €3,079 | €7,393 | ▲ 140% |
| Operating cash flow (approximation) | -€20,184 | -€10,048 | €4,193 | €55,493 | €34,925 | ▼ 37.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,579 | -€24,533 | -€10,196 | ▲ 58.4% |
| Change in cash | - | -€12,043 | -€22,094 | -€30,342 | -€27,081 | ▲ 10.7% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €52,413 ▲1,856%
Operating result €61,508, net result €52,413, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.39
Current ratio from 2.52 to 6.39; short-term debt falls from €24,616 to €7,015.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,680
Net result €2,680 after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet -€22,014
Net result drops to -€22,014, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Waregem · 1 establishment unit since 2014
Ground area
372 m²
Building footprint
92 m²
Volume, LiDAR
506 m³
Parcel 34453F0264/00F002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gintronics
since 20142.255.430.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0264/00F002 | Flanders | 372 m² | 1 · 92 m² | 7.8 m · 2 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.
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 463 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
Founded24-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554684305
Also
9925:BE0554684305
Registered
24-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.