Gio
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-04-2026 PDF all 12 filings
Every figure per financial year
The operating result for 2023 is a loss of €4,985, larger than the loss of €702 in 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 30-09-2020 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2020 annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €97,945 | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €8,044 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,184 | €959 | €623 | €354 | €354 | - | - | - |
| Other operating charges640/8 | - | €8,514 | €82 | €348 | €4,831 | - | - | - |
| Non-recurring operating charges66A | - | €2,118 | - | - | - | - | - | - |
| Gross operating margin9900 | €108,230 | €30,799 | -€11,893 | - | €200 | - | - | - |
| Operating profit (loss)9901 | €43,696 | €11,163 | -€12,597 | -€702 | -€4,985 | - | - | - |
| Recurring financial income75 | €857 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | €9,904 | €473 | €273 | €2,398 | €45 | €60 | ▲ 33.9% |
| Recurring financial charges65 | €30,268 | €9,904 | €473 | €273 | €2,398 | €45 | €60 | ▲ 33.9% |
| Profit (loss) for the period before taxes9903 | €14,285 | €1,259 | -€13,070 | -€975 | -€7,383 | -€45 | -€60 | ▼ 33.9% |
| Income taxes67/77 | €7,479 | €5,130 | - | - | €2,368 | - | - | - |
| Profit (loss) for the period9904 | €6,807 | -€3,870 | -€13,070 | -€975 | -€9,751 | -€45 | -€60 | ▼ 33.9% |
| Profit (loss) for the period to be appropriated9905 | €6,807 | -€3,870 | -€13,070 | -€975 | -€9,751 | -€45 | -€60 | ▼ 33.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €225,889 | €81,929 | €80,917 | €80,155 | €57,593 | €51,939 | €51,880 | ▼ 0.1% |
| Fixed assets21/28 | €87,289 | €1,331 | €708 | €354 | - | - | - | - |
| Tangible fixed assets22/27 | €87,289 | €1,331 | €708 | €354 | - | - | - | - |
| Plant, machinery and equipment23 | - | €269 | €0 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €1,062 | €708 | €354 | - | - | - | - |
| Current assets29/58 | €138,600 | €80,598 | €80,209 | €79,801 | €57,593 | €51,939 | €51,880 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €131,585 | €79,007 | €79,628 | €79,544 | €57,469 | €51,861 | €51,861 | = |
| Other amounts receivable41 | - | €79,007 | €79,628 | €79,544 | €57,469 | €51,861 | €51,861 | = |
| Cash at bank and in hand54/58 | €7,016 | €1,591 | €581 | €257 | €123 | €79 | €19 | ▼ 76.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €225,889 | €81,929 | €80,917 | €80,155 | €57,593 | €51,939 | €51,880 | ▼ 0.1% |
| Equity10/15 | €77,539 | €73,669 | €60,599 | €59,624 | €49,873 | €49,828 | €49,769 | ▼ 0.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €50,733 | €50,733 | €50,733 | €50,733 | €50,733 | €50,733 | €50,733 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €48,733 | €48,733 | €48,733 | €48,733 | €48,733 | €48,733 | = |
| Profit (loss) carried forward14 | €6,807 | €2,936 | -€10,134 | -€11,109 | -€20,859 | -€20,904 | -€20,964 | ▼ 0.3% |
| Amounts payable17/49 | €148,350 | €8,260 | €20,318 | €20,531 | €7,719 | €2,111 | €2,111 | = |
| Amounts payable after more than one year17 | €30,733 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €116,717 | €8,260 | €20,318 | €20,531 | €7,719 | €2,111 | €2,111 | = |
| Trade debts44 | €67,483 | €8,260 | €20,318 | €20,531 | €7,719 | €2,111 | €2,111 | = |
| Suppliers440/4 | - | €8,260 | €20,318 | €20,531 | €7,719 | €2,111 | €2,111 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,807 | -€3,870 | -€13,070 | -€975 | -€9,751 | -€45 | -€60 | ▼ 33.9% |
| + Depreciation and write-downs630 | €38,184 | €959 | €623 | €354 | €354 | - | - | - |
| Operating cash flow (approximation) | €44,991 | -€2,911 | -€12,447 | -€621 | -€9,397 | -€45 | -€60 | ▼ 33.9% |
| Investment in fixed assets (approximation) | - | €84,999 | €0 | €0 | - | - | - | - |
| Change in cash | - | -€5,425 | -€1,009 | -€324 | -€134 | -€45 | -€60 | ▼ 33.9% |
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, 6,908 companies had the same profile as Gio has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Gio itself: 0.7% within 12 months.
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 6,908 companies, not a prediction for Gio. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 23-04-2026 | 2026-00085470 | |
| 30-09-2024 | micro format | 17-04-2025 | 2025-00072972 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00052635 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00074413 | |
| 30-09-2021 | micro format | 18-01-2023 | 2023-00000049 | |
| 30-09-2020 | micro format | 23-12-2022 | 2022-20544926 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11000396 | |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08700154 | |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08500469 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08300427 |