GINV
ActiveSummary
GINV has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2009 annual accounts show negative equity (-€1.3m) and a net result of -€95,785. Equity is shrinking by ~8.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2009 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2009 · tick = 2008
Profitability33▲+2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2009Solvency, return and age of the figures
Solvency
-28.1%
Return on assets
-2%
Age of the figures
201 mo
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
neutral · No filing for years
The last filed financial year closed on 31-12-2009. Since then, 16 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2010 close31-07-2011 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2009 was due by 31-07-2010 and was filed on 23-07-2010, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2009, abbreviated schema
Equity
-€1.3m▼ 7.6%
2008 · -€1.3m
Total assets
€4.8m▲ 23.2%
2008 · €3.9m
Net result
-€95,785▲ 2.2%
2008 · -€97,922
Working capital
-€5.1m=
2008 · -€5.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2006200720082009
Operating result-€141,900--€133,609▲ 5.8%-€98,289▲ 26.4%-€95,805▲ 2.5%
Net result-€136,959--€128,307▲ 6.3%-€97,922▲ 23.7%-€95,785▲ 2.2%
Equity-€1.0m--€1.2m▼ 12.5%-€1.3m▼ 8.5%-€1.3m▼ 7.6%
Total assets€3.7m-€3.5m▼ 5.5%€3.9m▲ 10.3%€4.8m▲ 23.2%
Debt€4.8m-€4.7m▼ 1.6%€5.1m▲ 9.8%€6.1m▲ 19.4%
Working capital-€4.6m--€4.6m▼ 0.3%-€5.1m▼ 11.3%-€5.1m=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €95,805 in 2009 against €98,289 in 2008; the loss shrinks.
Balance-sheet composition
2009 in colour, 2008 as the grey bar beneath
Assets €4.8m
Fixed assets
€3.8m ▼ 2.4%
Current assets
€1.0m ▲ 3,459%
Key figures and ratios
EBITDA
€34,863▲
2008 · €28,712
Cash flow
€34,883▲
2008 · €29,079
Solvency
-28.1%▲
2008 · -32.2%
Current ratio
0.17▲
2008 · 0.01
ROA
-2.0%▲
2008 · -2.5%
Debt ≤ 1 year
€6.1m▲
2008 · €5.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114,132 | €114,132 | €127,001 | €130,668 | ▲ 2.9% |
| Gross operating margin9900 | -€22,079 | -€13,526 | €36,050 | €43,729 | ▲ 21.3% |
| Operating profit (loss)9901 | -€141,900 | -€133,609 | -€98,289 | -€95,805 | ▲ 2.5% |
| Recurring financial income75 | €5,212 | €3,663 | €477 | €85 | ▼ 82.2% |
| Recurring financial charges65 | €140 | €81 | €110 | €65 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | -€136,828 | -€130,027 | -€97,922 | -€95,785 | ▲ 2.2% |
| Income taxes67/77 | €131 | -€1,720 | - | - | - |
| Profit (loss) for the period9904 | -€136,959 | -€128,307 | -€97,922 | -€95,785 | ▲ 2.2% |
| Profit (loss) for the period to be appropriated9905 | -€136,959 | -€128,307 | -€97,922 | -€95,785 | ▲ 2.2% |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.7m | €3.5m | €3.9m | €4.8m | ▲ 23.2% |
| Fixed assets21/28 | €3.6m | €3.4m | €3.9m | €3.8m | ▼ 2.4% |
| Tangible fixed assets22/27 | €3.6m | €3.4m | €3.9m | €3.8m | ▼ 2.4% |
| Current assets29/58 | €181,608 | €90,137 | €28,855 | €1.0m | ▲ 3,459% |
| Amounts receivable within one year40/41 | €9,263 | €11,303 | €6,103 | €5,495 | ▼ 10.0% |
| Current investments50/53 | €110,288 | - | - | - | - |
| Cash at bank and in hand54/58 | €62,057 | €78,834 | €22,752 | €21,409 | ▼ 5.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.7m | €3.5m | €3.9m | €4.8m | ▲ 23.2% |
| Equity10/15 | -€1.0m | -€1.2m | -€1.3m | -€1.3m | ▼ 7.6% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €30,176 | €30,176 | €30,176 | €30,176 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.2m | -€1.3m | -€1.4m | ▼ 7.1% |
| Amounts payable17/49 | €4.8m | €4.7m | €5.1m | €6.1m | ▲ 19.4% |
| Amounts payable within one year42/48 | €4.8m | €4.7m | €5.1m | €6.1m | ▲ 19.4% |
| Trade debts44 | €9,238 | €9,763 | - | €1,663 | - |
| Line | 2006 | 2007 | 2008 | 2009 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€136,959 | -€128,307 | -€97,922 | -€95,785 | ▲ 2.2% |
| + Depreciation and write-downs630 | €114,132 | €114,132 | €127,001 | €130,668 | ▲ 2.9% |
| Operating cash flow (approximation) | -€22,827 | -€14,175 | €29,079 | €34,883 | ▲ 20.0% |
| Investment in fixed assets (approximation) | - | -€0 | -€550,697 | -€36,675 | ▲ 93.3% |
| Change in cash | - | €16,777 | -€56,083 | -€1,342 | ▲ 97.6% |
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
2010
23-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
31-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
18-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 18 days late
2007
20-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 20 days late
2006
29-08
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema · 29 days late
2005
27-09
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema · 58 days late
2004
03-08
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 3 days late
2003
31-07
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema
2002
25-07
NBB filing
Annual accounts filed
fiscal year 2001 · abbreviated schema
24-01
NBB filing
Annual accounts filed
fiscal year 2000 · abbreviated schema · 177 days late
NBB filing
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1998
Ground area
661 m²
Building footprint
658 m²
Volume, LiDAR
21,008 m³
Parcel 11002A0251/00K000, Flanders · tallest building 38.3 m, ±12 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
GINV
since 19982.087.831.958
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0251/00K000 | Flanders | 661 m² | 1 · 658 m² | 38.3 m · 12 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.
Structure & network
Owners and holdings
1 ownerChain of control
- FMG International
- GINV
Highest known parent: FMG International. The sources do not say who stands above it.
Owners 1
- FMG Internationalparent99.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formLimited partnership
Founded03-07-1998
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463738786
Registered
18-12-2025
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.