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GIOSAPIO

Active
Private limited companyfounded 20224 yrs activeDefacqzstraat 13, 1050 Elsene, BelgiumKBO/BCE: BE 0789.603.457
Summary

GIOSAPIO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,604 and a net result of €74,987. Equity is growing by ~50.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 4.02 against 3.4 in 2024; short-term debt: 23.5% and cash: 94% of total assets), and 23.5% of the assets are financed with debt.
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Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.5%
Return on assets
30.6%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
2 d early
2024
9 d early
2023
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 9 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 29 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GIOSAPIO was incorporated on 11 August 2022 as a Private limited company.1 Total assets rose from EUR 93,368 in 2023 to EUR 245,147 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€187,604▲ 66.6%
2024 · €112,617
Total assets
€245,147▲ 60.6%
2024 · €152,671
Net result
€74,987▲ 92.7%
2024 · €38,920
Working capital
€173,823▲ 80.7%
2024 · €96,187
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€88,235-€50,327▼ 43.0%€105,773▲ 110%
Net result€68,697above the sector's middle half-€38,920within the sector's middle half▼ 43.3%€74,987above the sector's middle half▲ 92.7%
Equity€73,697within the sector's middle half-€112,617within the sector's middle half▲ 52.8%€187,604within the sector's middle half▲ 66.6%
Total assets€93,368within the sector's middle half-€152,671within the sector's middle half▲ 63.5%€245,147within the sector's middle half▲ 60.6%
Debt€19,670-€40,054▲ 104%€57,543▲ 43.7%
Working capital€57,337within the sector's middle half-€96,187within the sector's middle half▲ 67.8%€173,823above the sector's middle half▲ 80.7%
Solvency78.9%above the sector's middle half-73.8%within the sector's middle half▼ 5.2pp76.5%within the sector's middle half▲ 2.8pp
Current ratio3.91within the sector's middle half-3.40within the sector's middle half▼ 0.514.02within the sector's middle half▲ 0.62
Return on assets (ROA)73.6%above the sector's middle half-25.5%within the sector's middle half▼ 48.1pp30.6%within the sector's middle half▲ 5.1pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
€0€50,000€100,000Operating result 2023: €88,235€88,235Net result 2023: €68,697€68,697Operating result 2024: €50,327€50,327Net result 2024: €38,920€38,920Operating result 2025: €105,773€105,773Net result 2025: €74,987€74,987202320242025€0€50,000€100,000Operating result 2023: €88,235€88,200Net result 2023: €68,697€68,700Operating result 2024: €50,327€50,300Net result 2024: €38,920€38,900Operating result 2025: €105,773€106,000Net result 2025: €74,987€75,000202320242025
The operating result recovers in 2025; 2025 is 110% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €245,147
Fixed assets €13,781 ▼ 16.1%
Current assets €231,365 ▲ 69.8%
Equity and liabilities €245,147
Equity €187,604 ▲ 66.6%
Debt €57,543 ▲ 43.7%
Debt's share of the balance-sheet total falls from 26.2% to 23.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€114,782▲
2024 · €57,573
Cash flow
€83,997▲
2024 · €46,167
Debt to equity
0.31▼
2024 · 0.36
ROE
40.0%▲
2024 · 34.6%
Interest coverage
1756.16▲
2024 · 697.10
Debt ≤ 1 year
€57,543▲
2024 · €40,054
Income taxes
€30,720▲
2024 · €11,415
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€152,671€245,147▲
Fixed assets21/28€16,430€13,781▼
Tangible fixed assets22/27€16,346€13,697▼
Furniture and vehicles24€16,346€13,697▼
Financial fixed assets28€84€84=
Current assets29/58€136,241€231,365▲
Amounts receivable within one year40/41€3,392€256▼
Other amounts receivable41€3,392€256▼
Cash at bank and in hand54/58€131,443€230,518▲
Deferred charges and accrued income490/1€1,406€592▼
Equity and liabilities
Total equity and liabilities10/49€152,671€245,147▲
Equity10/15€112,617€187,604▲
Contributions10/11€5,000€5,000=
Reserves13-€74,500
Distributable reserves133-€74,500
Profit (loss) carried forward14€107,617€108,104▲
Amounts payable17/49€40,054€57,543▲
Amounts payable within one year42/48€40,054€57,543▲
Trade debts44€9,179€15,050▲
Suppliers440/4€9,179€15,050▲
Taxes, remuneration and social security45€30,875€42,114▲
Taxes450/3€30,875€42,114▲
Other amounts payable47/48-€379
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,247€9,010▲
Other operating charges640/8€285€253▼
Gross operating margin9900€57,859€115,036▲
Operating profit (loss)9901€50,327€105,773▲
Financial income75/76B€91-
Recurring financial income75€91-
Financial charges65/66B€83€65▼
Recurring financial charges65€83€65▼
Profit (loss) for the period before taxes9903€50,335€105,707▲
Income taxes67/77€11,415€30,720▲
Profit (loss) for the period9904€38,920€74,987▲
Profit (loss) for the period to be appropriated9905€38,920€74,987▲
Appropriation of the result
Profit (loss) to be appropriated9906€107,617€182,604▲
Profit (loss) brought forward from the previous period14P€68,697€107,617▲
Transfer to equity691/2-€74,500
To other reserves6921-€74,500

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,500€7,247€9,010▲ 24.3%
Other operating charges640/8€544€285€253▼ 11.2%
Gross operating margin9900€92,279€57,859€115,036▲ 98.8%
Operating profit (loss)9901€88,235€50,327€105,773▲ 110%
Financial income75/76B€39€91--
Recurring financial income75€39€91--
Financial charges65/66B€117€83€65▼ 20.9%
Recurring financial charges65€117€83€65▼ 20.9%
Profit (loss) for the period before taxes9903€88,157€50,335€105,707▲ 110%
Income taxes67/77€19,460€11,415€30,720▲ 169%
Profit (loss) for the period9904€68,697€38,920€74,987▲ 92.7%
Profit (loss) for the period to be appropriated9905€68,697€38,920€74,987▲ 92.7%
Line202320242025Change
Assets
Total assets20/58€93,368€152,671€245,147▲ 60.6%
Fixed assets21/28€16,360€16,430€13,781▼ 16.1%
Tangible fixed assets22/27€16,276€16,346€13,697▼ 16.2%
Furniture and vehicles24€16,276€16,346€13,697▼ 16.2%
Financial fixed assets28€84€84€84=
Current assets29/58€77,007€136,241€231,365▲ 69.8%
Amounts receivable within one year40/41€1,184€3,392€256▼ 92.5%
Other amounts receivable41€1,184€3,392€256▼ 92.5%
Cash at bank and in hand54/58€75,212€131,443€230,518▲ 75.4%
Deferred charges and accrued income490/1€612€1,406€592▼ 57.9%
Equity and liabilities
Total equity and liabilities10/49€93,368€152,671€245,147▲ 60.6%
Equity10/15€73,697€112,617€187,604▲ 66.6%
Contributions10/11€5,000€5,000€5,000=
Reserves13--€74,500-
Distributable reserves133--€74,500-
Profit (loss) carried forward14€68,697€107,617€108,104▲ 0.5%
Amounts payable17/49€19,670€40,054€57,543▲ 43.7%
Amounts payable within one year42/48€19,670€40,054€57,543▲ 43.7%
Trade debts44€210€9,179€15,050▲ 64.0%
Suppliers440/4€210€9,179€15,050▲ 64.0%
Taxes, remuneration and social security45€19,460€30,875€42,114▲ 36.4%
Taxes450/3€19,460€30,875€42,114▲ 36.4%
Other amounts payable47/48--€379-
Line202320242025Change
Profit (loss) for the period9904€68,697€38,920€74,987▲ 92.7%
+ Depreciation and write-downs630€3,500€7,247€9,010▲ 24.3%
Operating cash flow (approximation)€72,197€46,167€83,997▲ 81.9%
Investment in fixed assets (approximation)--€7,316-€6,361▲ 13.1%
Change in cash-€56,232€99,074▲ 76.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €74,987 ▲92.7%
Operating result €105,773, net result €74,987, both a record.
31-12
Financial Equity above €150,000Eq €187,604 ▲66.6%
3 profitable years in a row build equity to €187,604.
22-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €38,920 ▼43.3%
Net result drops to €38,920, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €100,000Eq €112,617 ▲52.8%
2 profitable years in a row build equity to €112,617.
05-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
130 m²
Building footprint
97 m²
Volume, LiDAR
1,777 m³
Parcel 21447A0324/00M004, Brussels · tallest building 21.7 m, ±7 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Defacqzstraat 13, 1050 Elsene
Construction of residential and non-residential buildings
since 20222.334.276.096
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447A0324/00M004 Brussels 130 m² 1 · 97 m² 21.7 m · 7 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.

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,313 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded11-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47120Other non-specialised retail sale
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID 0208:0789603457
Also 9925:BE0789603457
Registered 01-03-2026

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.