GIRBO
ActiveSummary
GIRBO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€48,541) and a net result of €7,029. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+68
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
18 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
75 d late
2023
17 d late
2022
20 d early
2021
3 d early
2020
27 d late
2019
27 d late
← 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 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€48,541▲ 12.6%
2024 · -€55,571
Total assets
€3,259▼ 41.6%
2024 · €5,578
Net result
€7,029
2024 · -€437
Working capital
-€50,189▲ 13.1%
2024 · -€57,734
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result-€1,849▼ 111%€22,862€18,761▼ 17.9%€1,816▼ 90.3%€9,370▲ 416%
Net result-€4,169below the sector's middle half▼ 43.7%€20,127within the sector's middle half€16,341within the sector's middle half▼ 18.8%-€437within the sector's middle half€7,029within the sector's middle half
Equity-€91,602below the sector's middle half▼ 4.8%-€71,475below the sector's middle half▲ 22.0%-€55,134below the sector's middle half▲ 22.9%-€55,571below the sector's middle half▼ 0.8%-€48,541below the sector's middle half▲ 12.6%
Total assets€49,478below the sector's middle half▼ 25.9%€27,936below the sector's middle half▼ 43.5%€13,063below the sector's middle half▼ 53.2%€5,578below the sector's middle half▼ 57.3%€3,259below the sector's middle half▼ 41.6%
Debt€141,080▼ 8.5%€99,411▼ 29.5%€68,197▼ 31.4%€61,149▼ 10.3%€51,800▼ 15.3%
Working capital-€91,602below the sector's middle half▼ 4.8%-€71,475below the sector's middle half▲ 22.0%-€55,134below the sector's middle half▲ 22.9%-€57,734below the sector's middle half▼ 4.7%-€50,189below the sector's middle half▲ 13.1%
Solvency-185.1%below the sector's middle half▼ 54.2pp-255.9%below the sector's middle half▼ 70.7pp-422.1%below the sector's middle half▼ 166.2pp-996.2%below the sector's middle half▼ 574.1pp
Current ratio0.35below the sector's middle half▼ 0.080.28below the sector's middle half▼ 0.070.19below the sector's middle half▼ 0.090.06below the sector's middle half▼ 0.14
Return on assets (ROA)-8.4%below the sector's middle half▼ 4.1pp72.0%above the sector's middle half▲ 80.5pp125.1%above the sector's middle half▲ 53.1pp-7.8%below the sector's middle half▼ 132.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 416% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3,259
Fixed assets
€1,647 ▼ 23.9%
Current assets
€1,612 ▼ 52.8%
Key figures and ratios
EBITDA
€9,886▲
2024 · €2,234
Cash flow
€7,546▲
2024 · -€19
Interest coverage
4.22▲
2024 · 0.99
Debt ≤ 1 year
€51,800▼
2024 · €61,149
Ratios withheld: a balance sheet total of €3,259 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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%.
| 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 3,795 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,360 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €417 | €516 | ▲ 23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €16,110 | - | - | - | - |
| Other operating charges640/8 | - | €846 | €2,425 | €690 | €793 | ▲ 14.9% |
| Gross operating margin9900 | -€1,127 | €39,818 | €21,185 | €2,924 | €10,679 | ▲ 265% |
| Operating profit (loss)9901 | -€1,849 | €22,862 | €18,761 | €1,816 | €9,370 | ▲ 416% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €2,735 | €2,420 | €2,254 | €2,340 | ▲ 3.8% |
| Recurring financial charges65 | €2,320 | €2,735 | €2,420 | €2,254 | €2,340 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | -€4,169 | €20,127 | €16,341 | -€437 | €7,029 | ▲ 1,710% |
| Profit (loss) for the period9904 | -€4,169 | €20,127 | €16,341 | -€437 | €7,029 | ▲ 1,710% |
| Profit (loss) for the period to be appropriated9905 | -€4,169 | €20,127 | €16,341 | -€437 | €7,029 | ▲ 1,710% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,478 | €27,936 | €13,063 | €5,578 | €3,259 | ▼ 41.6% |
| Fixed assets21/28 | - | - | - | €2,164 | €1,647 | ▼ 23.9% |
| Tangible fixed assets22/27 | - | - | - | €2,164 | €1,647 | ▼ 23.9% |
| Furniture and vehicles24 | - | - | - | €2,164 | €1,647 | ▼ 23.9% |
| Current assets29/58 | €49,478 | €27,936 | €13,063 | €3,415 | €1,612 | ▼ 52.8% |
| Stocks and contracts in progress3 | €16,110 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €33,036 | €26,816 | €13,063 | €1,204 | €1,311 | ▲ 8.9% |
| Trade receivables40 | - | €15,530 | €1,325 | - | - | - |
| Other amounts receivable41 | - | €11,286 | €11,738 | €1,204 | €1,311 | ▲ 8.9% |
| Cash at bank and in hand54/58 | €333 | €1,121 | - | €1,267 | €301 | ▼ 76.2% |
| Deferred charges and accrued income490/1 | - | - | - | €944 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,478 | €27,936 | €13,063 | €5,578 | €3,259 | ▼ 41.6% |
| Equity10/15 | -€91,602 | -€71,475 | -€55,134 | -€55,571 | -€48,541 | ▲ 12.6% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €4,202 | €4,202 | €4,202 | €4,202 | €4,202 | = |
| Non-distributable reserves130/1 | - | €4,202 | €4,202 | €4,202 | €4,202 | = |
| Legal reserve130 | - | €4,202 | €4,202 | €4,202 | €4,202 | = |
| Profit (loss) carried forward14 | -€157,304 | -€137,177 | -€120,836 | -€121,273 | -€114,243 | ▲ 5.8% |
| Amounts payable17/49 | €141,080 | €99,411 | €68,197 | €61,149 | €51,800 | ▼ 15.3% |
| Amounts payable within one year42/48 | €141,080 | €99,411 | €68,197 | €61,149 | €51,800 | ▼ 15.3% |
| Financial debts43 | - | €17,541 | €6,693 | €13,946 | €13,128 | ▼ 5.9% |
| Credit institutions430/8 | - | €17,541 | €6,693 | €13,946 | €13,128 | ▼ 5.9% |
| Trade debts44 | €7,466 | €13,184 | €5,092 | €9,450 | €920 | ▼ 90.3% |
| Suppliers440/4 | - | €13,184 | €5,092 | €9,450 | €920 | ▼ 90.3% |
| Taxes, remuneration and social security45 | - | €210 | - | - | - | - |
| Taxes450/3 | - | €210 | - | - | - | - |
| Other amounts payable47/48 | - | €68,476 | €56,412 | €37,753 | €37,753 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,169 | €20,127 | €16,341 | -€437 | €7,029 | ▲ 1,710% |
| + Depreciation and write-downs630 | - | - | - | €417 | €516 | ▲ 23.6% |
| Operating cash flow (approximation) | -€4,169 | €20,127 | €16,341 | -€19 | €7,546 | ▲ 39,400% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €788 | - | - | -€966 | - |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €7,029
Net result €7,029 after one loss-making year.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 17 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €20,127
Net result €20,127 after 2 loss-making years.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€4,169
Net result drops to -€4,169, the lowest in the series; recovery starts the following year.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Lille · 1 establishment unit since 1994
Ground area
975 m²
Building footprint
364 m²
Volume, LiDAR
3,000 m³
Parcel 13009C0555/00D002, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
GIRBO NV
since 19942.068.614.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0555/00D002 | Flanders | 975 m² | 1 · 364 m² | 13.5 m · 3 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- DVDPparentSourceaccounts DVDP 30-06-2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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ANDENNE BRICOLAGE
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-09-1994
Fiscal year end31-03
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453473317
Also
9925:BE0453473317
Registered
06-11-2024
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.