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GIOTAX

Active
Private limited companyfounded 200422 yrs activePark ten Hovelaan 10, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0863.633.362
Summary

GIOTAX has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,883 and a net result of €22,025. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2023
Profitability71▲+51
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 16.63 against 5.15 in 2023; short-term debt: 6% and cash: 6.9% of total assets), and 10.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
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
89.2%
Return on assets
13.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 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 filings
Deviation from the deadline
2025
28 d late
2023
27 d late
2022
28 d late
2021
28 d late
2020
17 d late
2019
2 d early
2018
on the day
← 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 18 days after the deadline; the sector median for financial year 2023 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 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

On 24 February 2004, GIOTAX was incorporated.1 Total assets went from EUR 113,383 in 2019 to EUR 165,838 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€147,883▲ 50.1%
2023 · €98,515
Total assets
€165,838▲ 35.9%
2023 · €122,057
Net result
€22,025
2023 · -€6,812
Working capital
€155,635▲ 59.4%
2023 · €97,641
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20202021202220232025
Operating result€37,529▲ 57.7%€22,238▼ 40.7%€2,373▼ 89.3%-€354€34,120-
Net result€30,872within the sector's middle half▲ 205%€15,924within the sector's middle half▼ 48.4%€1,844below the sector's middle half▼ 88.4%-€6,812below the sector's middle half€22,025within the sector's middle half-
Equity€91,909within the sector's middle half▲ 43.5%€107,833within the sector's middle half▲ 17.3%€109,677within the sector's middle half▲ 1.7%€98,515within the sector's middle half▼ 10.2%€147,883within the sector's middle half-
Total assets€127,763within the sector's middle half▲ 12.7%€128,962within the sector's middle half▲ 0.9%€129,881within the sector's middle half▲ 0.7%€122,057within the sector's middle half▼ 6.0%€165,838within the sector's middle half-
Debt€28,624▼ 32.0%€21,128▼ 26.2%€20,204▼ 4.4%€23,542▲ 16.5%€17,955-
Working capital€95,855within the sector's middle half▲ 42.2%€104,662within the sector's middle half▲ 9.2%€107,783within the sector's middle half▲ 3.0%€97,641within the sector's middle half▼ 9.4%€155,635within the sector's middle half-
Solvency71.9%within the sector's middle half▲ 15.5pp83.6%above the sector's middle half▲ 11.7pp84.4%above the sector's middle half▲ 0.8pp80.7%above the sector's middle half▼ 3.7pp89.2%above the sector's middle half-
Current ratio4.35above the sector's middle half▲ 1.755.95above the sector's middle half▲ 1.606.33above the sector's middle half▲ 0.385.15above the sector's middle half▼ 1.1916.63above the sector's middle half-
Return on assets (ROA)24.2%above the sector's middle half▲ 15.2pp12.3%within the sector's middle half▼ 11.8pp1.4%below the sector's middle half▼ 10.9pp-5.6%below the sector's middle half▼ 7.0pp13.3%within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 69, Legal and accounting 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
-€20,000€0€20,000€40,000Operating result 2020: €37,529€37,529Net result 2020: €30,872€30,872Operating result 2021: €22,238€22,238Net result 2021: €15,924€15,924Operating result 2022: €2,373€2,373Net result 2022: €1,844€1,844Operating result 2023: -€354-€354Net result 2023: -€6,812-€6,812Operating result 2025: €34,120€34,120Net result 2025: €22,025€22,02520202021202220232025-€20,000€0€20,000€40,000Operating result 2022: €2,373€2,370Net result 2022: €1,844€1,840Operating result 2023: -€354-€354Net result 2023: -€6,812-€6,810Operating result 2025: €34,120€34,100Net result 2025: €22,025€22,000202220232025
The operating result is €34,120 in 2025, compared with -€354 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €165,838
Fixed assets €247 ▼ 71.7%
Current assets €165,591 ▲ 36.6%
Equity and liabilities €165,838
Equity €147,883 ▲ 50.1%
Debt €17,955 ▼ 23.7%
Debt's share of the balance-sheet total falls from 19.3% to 10.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2023
Debt to equity
0.12▼
2023 · 0.24
ROE
14.9%▲
2023 · -6.9%
Debt ≤ 1 year
€9,955▼
2023 · €23,542
Income taxes
€11,412▲
2023 · €5,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,370 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 bankruptcy probability of 0.1% 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 497,338 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% 1.9%
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 31,370 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 2023 · 43 lines
Balance sheet Code20232025
Assets
Total assets20/58€122,057€165,838▲
Fixed assets21/28€874€247▼
Tangible fixed assets22/27€626-
Furniture and vehicles24€626-
Financial fixed assets28€247€247=
Current assets29/58€121,183€165,591▲
Amounts receivable within one year40/41€121,183€154,133▲
Trade receivables40€86,490€124,650▲
Other amounts receivable41€34,693€29,482▼
Cash at bank and in hand54/58-€11,458
Equity and liabilities
Total equity and liabilities10/49€122,057€165,838▲
Equity10/15€98,515€147,883▲
Contributions10/11€18,600€18,600=
Reserves13€89,089€138,458▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€87,229€136,598▲
Profit (loss) carried forward14-€9,175-€9,175=
Amounts payable17/49€23,542€17,955▼
Amounts payable within one year42/48€23,542€9,955▼
Financial debts43€125-
Credit institutions430/8€125-
Trade debts44€19,667€5,364▼
Suppliers440/4€19,667€5,364▼
Taxes, remuneration and social security45€2,835€4,591▲
Taxes450/3€105€4,591▲
Remuneration and social security454/9€2,730-
Other amounts payable47/48€915-
Accrued charges and deferred income492/3-€8,000
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,020-
Other operating charges640/8€11,242€11,525▲
Gross operating margin9900€11,909€45,645▲
Operating profit (loss)9901-€354€34,120▲
Financial charges65/66B€650€683▲
Recurring financial charges65€650€683▲
Profit (loss) for the period before taxes9903-€1,004€33,437▲
Income taxes67/77€5,809€11,412▲
Profit (loss) for the period9904-€6,812€22,025▲
Profit (loss) for the period to be appropriated9905-€6,812€22,025▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9,175€12,850▲
Profit (loss) brought forward from the previous period14P-€2,362-€9,175▼
Transfer to equity691/2-€22,025
To other reserves6921-€22,025

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

Line20202021202220232025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€806€1,187€1,277€1,020--
Other operating charges640/8--€11,021€11,242€11,525-
Gross operating margin9900€44,897€34,734€14,671€11,909€45,645-
Operating profit (loss)9901€37,529€22,238€2,373-€354€34,120-
Financial income75/76B--€0---
Recurring financial income75-€79€0---
Financial charges65/66B--€530€650€683-
Recurring financial charges65€657€392€530€650€683-
Profit (loss) for the period before taxes9903€36,872€21,924€1,844-€1,004€33,437-
Income taxes67/77€6,000€6,000-€5,809€11,412-
Profit (loss) for the period9904€30,872€15,924€1,844-€6,812€22,025-
Profit (loss) for the period to be appropriated9905€30,872€15,924€1,844-€6,812€22,025-
Line20202021202220232025Change
Assets
Total assets20/58€127,763€128,962€129,881€122,057€165,838-
Fixed assets21/28€3,284€3,171€1,894€874€247-
Tangible fixed assets22/27€3,037€2,924€1,647€626--
Furniture and vehicles24--€1,647€626--
Financial fixed assets28€247€247€247€247€247-
Current assets29/58€124,479€125,790€127,987€121,183€165,591-
Amounts receivable within one year40/41€119,089€125,758€125,202€121,183€154,133-
Trade receivables40--€97,955€86,490€124,650-
Other amounts receivable41--€27,247€34,693€29,482-
Cash at bank and in hand54/58€5,390€33€2,785-€11,458-
Equity and liabilities
Total equity and liabilities10/49€127,763€128,962€129,881€122,057€165,838-
Equity10/15€91,909€107,833€109,677€98,515€147,883-
Contributions10/11€18,600-€18,600€18,600€18,600-
Reserves13€73,165€89,089€90,933€89,089€138,458-
Non-distributable reserves130/1--€1,860€1,860€1,860-
Reserves not available under the articles1311--€1,860€1,860€1,860-
Distributable reserves133--€89,073€87,229€136,598-
Profit (loss) carried forward14€144€144€144-€9,175-€9,175-
Provisions and deferred taxes16€7,230-----
Amounts payable17/49€28,624€21,128€20,204€23,542€17,955-
Amounts payable within one year42/48€28,624€21,128€20,204€23,542€9,955-
Financial debts43---€125--
Credit institutions430/8---€125--
Trade debts44€23,345€18,665€17,704€19,667€5,364-
Suppliers440/4--€17,704€19,667€5,364-
Taxes, remuneration and social security45--€2,500€2,835€4,591-
Taxes450/3--€2,500€105€4,591-
Remuneration and social security454/9---€2,730--
Other amounts payable47/48---€915--
Accrued charges and deferred income492/3----€8,000-
Line20202021202220232025Change
Profit (loss) for the period9904€30,872€15,924€1,844-€6,812€22,025-
+ Depreciation and write-downs630€806€1,187€1,277€1,020--
Operating cash flow (approximation)€31,677€17,111€3,121-€5,792€22,025-
Investment in fixed assets (approximation)--€1,074€0€0--
Change in cash--€5,357€2,753---

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 31-01-2027
2026
28-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-06
Financial Back to profitnet €22,025
Net result €22,025 after one loss-making year.
30-06
Financial Liquidity triplescurrent ratio 16.63
Current ratio from 5.15 to 16.63; short-term debt falls from €23,542 to €9,955.
30-06
Financial Equity above €100,000Eq €147,883 ▲50.1%
Equity rises from €98,515 to €147,883.
2024
27-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-06
Financial Weakest financial yearnet -€6,812
Net result drops to -€6,812, the lowest in the series; recovery starts the following year.
28-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
28-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial Equity above €100,000Eq €107,833 ▲17.3%
3 profitable years in a row build equity to €107,833.
17-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-06
Financial Highest result since 2019net €30,872 ▲205%
Operating result €37,529, net result €30,872, both a record.
29-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
31-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
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
1 act for this company is 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, Merelbeke-Melle · 1 establishment unit since 2004
seat establishment The establishment unit on the map
Ground area
419 m²
Building footprint
97 m²
Volume, LiDAR
560 m³
Parcel 44402A0329/02A002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Park ten Hovelaan 10, 9090 Merelbeke-Melle
Certified accountants and tax accountants
since 20042.262.615.565
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44402A0329/02A002 Flanders 419 m² 1 · 97 m² 10.1 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.

Similar companies · same sector, comparable size

Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,521 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
Founded24-02-2004
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
69209Other tax advisory services
Contact
E-mail jeanpierre@trofisk.be
Phone +32495223301
E-invoicing
Reachable via Peppol
Peppol ID 0208:0863633362
Also 9925:BE0863633362
Registered 28-05-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.