GIO-TAN
ActiveSummary
GIO-TAN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168,290 and a net result of €37,603. Equity is growing by ~10.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+13
Solvency70▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 0.83 in 2024; short-term debt: 13.8% and cash: 12.9% of total assets), but 55.3% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
44.7%
Return on assets
10%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
29 d late
2022
87 d late
2021
24 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 46 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€168,290▲ 3.4%
2024 · €162,687
Total assets
€376,614▼ 3.4%
2024 · €389,831
Net result
€37,603
2024 · -€2,743
Working capital
€28,240
2024 · -€10,556
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
Line20212022202320242025
Operating result€71,182▲ 30.6%€23,734▼ 66.7%-€59€19,709€66,357▲ 237%
Net result€47,913▲ 48.8%€10,443▼ 78.2%-€6,954-€2,743▲ 60.6%€37,603
Equity€161,942▲ 42.0%€172,385▲ 6.4%€165,431▼ 4.0%€162,687▼ 1.7%€168,290▲ 3.4%
Total assets€274,390▲ 4.1%€355,377▲ 29.5%€304,037▼ 14.4%€389,831▲ 28.2%€376,614▼ 3.4%
Debt€112,449▼ 24.8%€182,992▲ 62.7%€138,607▼ 24.3%€227,143▲ 63.9%€208,324▼ 8.3%
Working capital€93,258▲ 88.9%€72,097▼ 22.7%€72,940▲ 1.2%-€10,556€28,240
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 237% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376,614
Fixed assets
€296,412 ▼ 12.6%
Current assets
€80,202 ▲ 58.3%
Equity and liabilities €376,614
Equity
€168,290 ▲ 3.4%
Debt
€208,324 ▼ 8.3%
Debt's share of the balance-sheet total falls from 58.3% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129,373▲
2024 · €66,568
Cash flow
€100,618▲
2024 · €44,116
Current ratio
1.54▲
2024 · 0.83
Debt to equity
1.24▼
2024 · 1.40
ROE
22.3%▲
2024 · -1.7%
ROA
10.0%▲
2024 · -0.7%
Interest coverage
18.69▲
2024 · 10.74
Debt ≤ 1 year
€51,963▼
2024 · €61,219
Debt > 1 year
€156,362▼
2024 · €165,924
Income taxes
€23,189▲
2024 · €16,990
Staff costs
€7,767▼
2024 · €8,302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8,246 | €8,015 | - | €8,302 | €7,767 | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,357 | €30,293 | €33,551 | €46,859 | €63,015 | ▲ 34.5% |
| Other operating charges640/8 | €2,681 | €13,853 | €2,416 | €12,297 | €3,527 | ▼ 71.3% |
| Gross operating margin9900 | €104,466 | €75,895 | €35,908 | €87,168 | €140,666 | ▲ 61.4% |
| Operating profit (loss)9901 | €71,182 | €23,734 | -€59 | €19,709 | €66,357 | ▲ 237% |
| Financial income75/76B | €2,783 | €2,135 | €2,096 | €735 | €1,357 | ▲ 84.6% |
| Recurring financial income75 | €2,783 | €2,135 | €2,096 | €735 | €1,357 | ▲ 84.6% |
| Financial charges65/66B | €4,414 | €4,727 | €6,046 | €6,197 | €6,923 | ▲ 11.7% |
| Recurring financial charges65 | €4,414 | €4,727 | €4,476 | €6,197 | €6,923 | ▲ 11.7% |
| Non-recurring financial charges66B | - | - | €1,570 | - | - | - |
| Profit (loss) for the period before taxes9903 | €69,551 | €21,142 | -€4,009 | €14,247 | €60,791 | ▲ 327% |
| Income taxes67/77 | €21,638 | €10,699 | €2,945 | €16,990 | €23,189 | ▲ 36.5% |
| Profit (loss) for the period9904 | €47,913 | €10,443 | -€6,954 | -€2,743 | €37,603 | ▲ 1,471% |
| Profit (loss) for the period to be appropriated9905 | €47,913 | €10,443 | -€6,954 | -€2,743 | €37,603 | ▲ 1,471% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,390 | €355,377 | €304,037 | €389,831 | €376,614 | ▼ 3.4% |
| Fixed assets21/28 | €131,648 | €204,038 | €175,603 | €339,167 | €296,412 | ▼ 12.6% |
| Tangible fixed assets22/27 | €131,276 | €203,666 | €175,231 | €338,795 | €296,040 | ▼ 12.6% |
| Land and buildings22 | €77,197 | €123,106 | €114,020 | €108,554 | €100,370 | ▼ 7.5% |
| Furniture and vehicles24 | €54,079 | €80,560 | €61,212 | €230,241 | €195,670 | ▼ 15.0% |
| Financial fixed assets28 | €372 | €372 | €372 | €372 | €372 | = |
| Current assets29/58 | €142,743 | €151,339 | €128,434 | €50,663 | €80,202 | ▲ 58.3% |
| Amounts receivable after more than one year29 | €66,000 | €56,000 | €56,000 | €14,000 | €14,000 | = |
| Other amounts receivable291 | €66,000 | €56,000 | €56,000 | €14,000 | €14,000 | = |
| Amounts receivable within one year40/41 | €40,035 | €11,342 | €18,656 | €7,859 | €16,969 | ▲ 116% |
| Trade receivables40 | €40,035 | €11,342 | €10,103 | €5,000 | €689 | ▼ 86.2% |
| Other amounts receivable41 | - | - | €8,553 | €2,859 | €16,280 | ▲ 470% |
| Cash at bank and in hand54/58 | €36,683 | €83,997 | €53,778 | €27,688 | €48,611 | ▲ 75.6% |
| Deferred charges and accrued income490/1 | €25 | - | - | €1,117 | €622 | ▼ 44.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,390 | €355,377 | €304,037 | €389,831 | €376,614 | ▼ 3.4% |
| Equity10/15 | €161,942 | €172,385 | €165,431 | €162,687 | €168,290 | ▲ 3.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €106,359 | €114,359 | €114,359 | €114,359 | €82,359 | ▼ 28.0% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €104,500 | €112,500 | €112,500 | €112,500 | €80,500 | ▼ 28.4% |
| Profit (loss) carried forward14 | €36,991 | €39,434 | €32,479 | €29,736 | €67,339 | ▲ 126% |
| Amounts payable17/49 | €112,449 | €182,992 | €138,607 | €227,143 | €208,324 | ▼ 8.3% |
| Amounts payable after more than one year17 | €62,964 | €103,750 | €83,113 | €165,924 | €156,362 | ▼ 5.8% |
| Financial debts170/4 | €62,964 | €103,750 | €83,113 | €165,924 | €156,362 | ▼ 5.8% |
| Amounts payable within one year42/48 | €49,484 | €79,243 | €55,494 | €61,219 | €51,963 | ▼ 15.1% |
| Current portion of amounts payable after more than one year42 | €27,721 | €47,804 | €48,970 | €39,629 | €28,938 | ▼ 27.0% |
| Trade debts44 | - | €4,841 | €424 | €4,471 | €999 | ▼ 77.7% |
| Suppliers440/4 | - | €4,841 | €424 | €4,471 | €999 | ▼ 77.7% |
| Taxes, remuneration and social security45 | €21,638 | €26,037 | €6,100 | €12,006 | €22,026 | ▲ 83.5% |
| Taxes450/3 | €21,638 | €26,037 | €5,100 | €12,006 | €22,026 | ▲ 83.5% |
| Remuneration and social security454/9 | - | - | €1,000 | - | - | - |
| Other amounts payable47/48 | €125 | €560 | - | €5,114 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,913 | €10,443 | -€6,954 | -€2,743 | €37,603 | ▲ 1,471% |
| + Depreciation and write-downs630 | €22,357 | €30,293 | €33,551 | €46,859 | €63,015 | ▲ 34.5% |
| Operating cash flow (approximation) | €70,270 | €40,736 | €26,597 | €44,116 | €100,618 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€102,683 | -€5,116 | -€210,423 | -€20,260 | ▲ 90.4% |
| Change in cash | - | €47,314 | -€30,219 | -€26,090 | €20,923 | ▲ 180% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €37,603
Net result €37,603 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€6,954
Net result drops to -€6,954, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €47,913 ▲48.8%
Operating result €71,182, net result €47,913, both a record.
31-12
Financial
Equity above €150,000Eq €161,942 ▲42%
3 profitable years in a row build equity to €161,942.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €100,000Eq €114,028 ▲39.4%
2 profitable years in a row build equity to €114,028.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €32,812
Net result €32,812 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bernissart
Ground area
1,221 m²
Building footprint
160 m²
Parcel 57009C0365/00X000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57009C0365/00X000 | Wallonia | 1,221 m² | 1 · 160 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-1997
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460510072
Also
9925:BE0460510072
Registered
16-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.