GIPSY

Active

Public limited companyfounded 1976active for 50 yearsPaddevijverstraat 55, 8900 Ieper, BelgiumKBO/BCE: BE 0416.258.969

Summary

GIPSY has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,889 and a net result of -€15,009. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 93% of 9,758 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

GIPSYActiveChecked score 89/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46425

10th oldest company in Ypres, Wholesale and retail trade sector1 site

Size

€79,144total assets 2025

Equity: €72,889
Loss: -€15,009

Turnover not published (abbreviated or micro format)

Financial health

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

2025 accounts 15 days early3 deeds in the Belgian Official Gazette

Why 89raises riskLoss of €15,009, the second in a row (financial year 2025)lowers riskFounded in 1976Equity €72,889 (92.1% of total assets)Liquidity: current ratio 2.53, cash €11,971Show the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 48% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 92.1% of total assets

Liquidity 69+2

short-term debt 7.9% · cash 15.1%

Profitability 0-66

return on assets -19.0%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,868 companies, NACE 46, micro)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €6,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.53, compared with 4.71 in 2024, above the usual 1.5; short-term debt: 7.9% and cash: 15.1% of total assets), and 7.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 74% on liquidity, 6% on profitability and 21% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €15,009, the second in a row (financial year 2025)

NBB · annual accounts

Founded in 1976

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €72,889 (92.1% of total assets)

NBB · annual accounts

Liquidity: current ratio 2.53, cash €11,971

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€15,009

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

15 days early

2024

26 days late

2023

33 days early

2022

25 days late

2021

19 days late

2020

24 days late

2019

24 days early

← 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 3 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (4 of the last 5 filed years within 34 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

16-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
26-08-2025 Annual accounts filedfinancial year 2024 · micro…
31-12-2024 Liquidity more than triplescurrent ratio 4.71

Key points

Risk: 7 loss-making years in a rowloss financial year 2025 -€15,009 View
Positive: Among the best 7% on solvencysector median 43.1% · 9,758 companies 92.1% View
Active since 1976founded 05-08-1976 50 years View

By topic

Financials

Financial year: 2025
Total assets: €79,144
Loss: -€15,009
Solvency: 92.1%

Total assets▼ 13.4%

Net result

20182025

Go to Financials

Timeline

Events: 51
Since: 1978
Next accounts: by 31-07-2027

28-06-2024Annual accounts filed
25-08-2023Annual accounts filed
19-08-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale tradeNACE 46425
Founded: 05-08-1976
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about GIPSY

What is the company number of GIPSY?: 0416.258.969. In Belgium the VAT number is the company number with BE in front: BE 0416.258.969.
Where is GIPSY based?: The registered office is at Paddevijverstraat 55, 8900 Ieper.Company details
What does GIPSY do?: According to the KBO register, the main activity is wholesale trade (NACE 46425).
What is the legal form of GIPSY?: Public limited company (NV).
When was GIPSY founded?: On 05-08-1976.
Is GIPSY still active?: Yes, GIPSY is an active enterprise in the KBO register.
What is the turnover of GIPSY?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GIPSY profitable?: In financial year 2025, GIPSY made a loss of €15,009.
Where can I find the annual accounts of GIPSY?: GIPSY filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GIPSY due?: By 31-07-2027, for financial year 2026.Timeline