Turnover
≈ €380,000 estimated
The accounts state no turnover.
GIOTS
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1985peak €381,048 (2006)
€120,773▼ 26.4%
lowest -€2,627 (2021)
€55,698▲ 21.2%
peak €899,828 (2017)
€721,284▲ 8.4%
€409,674▼ 5.3%
peak 3.9 FTE (2007)
-not published
Board3 names since 2018
1 director
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Gross margin from €164,127 to €120,773
Key points
from the 2025 annual accountsFilings
41 annual accounts since 1985
Eight of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.
Position in the sector
€721,284
More equity than 95% of companies in specialised construction. Sector median €57,818 · 37,225 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,044 companies had the same profile as GIOTS has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,044 companies, not a prediction for GIOTS. 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.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426607384
New sole director
appointed, resigned · General meeting of 04-12-2023 · Gazette deed
Capital decrease of €323,000 to €62,000
Capital from €385,000 to €62,000 · Reappointments: (managing director) and (director) · General meeting of 09-02-2018 · Gazette deed
Incorporation
published on 23-01-1985 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GIOTS Wellen | €1.1m | €120,773 | 63.8% | - |
| VERMEULEN Stekene | €1.1m | €127,262 | 35.6% | 0.7 |
| DOSSCHE Drongen Ghent | €1.1m | €143,577 | 76.9% | 0.6 |
| LUC BERTEN Menen | €1.1m | €148,587 | 96.4% | 0 |
| Warmte technieker SCHRAEPEN Beringen | €1.1m | €183,509 | 74.2% | - |
| VANHAEREN & ZONEN Beringen | €1.0m | €83,847 | 48.6% | 1.8 |
| GARIO Sint-Gillis-Waas | €1.0m | €97,313 | 21.9% | - |
These companies have the same main activity as GIOTS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €981,000 and €1.1m, founded between 1982 and 1992.
Official details
Source: KBO- Status
- Active since 04-01-1985Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222
- Establishment unit
- 2.026.049.2923830 Wellen, since 04-01-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2025
Insights on GIOTS
GIOTS files the micro format. That format states no turnover. The gross margin fell from €381,048 in 2006 to €120,773 in 2025.
In December 2023, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GIOTS
- What is the company number of GIOTS?
- The company number of GIOTS is 0426.607.384. The VAT number is the same number with BE in front: BE 0426.607.384.
- Where is GIOTS based?
- The registered office is at Kukkelbergstraat 37, 3830 Wellen.Company details
- What does GIOTS do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of GIOTS?
- GIOTS is a public limited company (NV).
- When was GIOTS founded?
- GIOTS was founded on 04-01-1985.
- Is GIOTS still active?
- Yes, GIOTS is an active enterprise in the KBO register.
- How many employees does GIOTS have?
- GIOTS had an average of 0.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GIOTS?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €120,773 and 86 comparable companies (NACE 432). It probably lies between €300,000 and €460,000.
- Is GIOTS profitable?
- In financial year 2025, GIOTS made a profit of €55,698.
- Where can I find the annual accounts of GIOTS?
- GIOTS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GIOTS due?
- GIOTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.