Gireco
ActiveGireco has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €20k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 5895 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+8
Solvency100▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 16.53 against 1.8 in 2023; short-term debt: 5.5% and cash: 34.3% of total assets), and 5.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
36 d early
2022
35 d early
2021
52 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 52.0%
2023 · €39k
2018: €12k
2019: €16k
2020: €25k
2021: €30k
2022: €50k
2023: €39k
2018 → 2024
Total assets
€63k▼ 22.0%
2023 · €81k
2018: €14k
2019: €19k
2020: €29k
2021: €34k
2022: €51k
2023: €81k
2018 → 2024
Net result
€20k▲ 33.3%
2023 · €15k
2018: €5k
2019: €4k
2020: €9k
2021: €5k
2022: €20k
2023: €15k
2018 → 2024
Working capital
€54k▲ 61.4%
2023 · €33k
2018: €11k
2019: €15k
2020: €24k
2021: €25k
2022: €45k
2023: €33k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€30k▲ 19.7%€50k▲ 68.2%€39k▼ 22.0%€60k▲ 52.0%
Operating result€11k-€8k▼ 32.8%€28k▲ 270%€22k▼ 21.2%€28k▲ 26.8%
Net result€9k-€5k▼ 46.1%€20k▲ 315%€15k▼ 25.0%€20k▲ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 27% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63k
Fixed assets
€6k▲ 0.1%
Current assets
€57k▼ 23.8%
Equity and liabilities €63k
Equity
€60k▲ 52.0%
Debt
€3k▼ 91.7%
The debt ratio falls from 51.5% to 5.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▲
2023 · €24k
Cash flow
€23k▲
2023 · €17k
Solvency
94.5%▲
2023 · 48.5%
Current ratio
16.53▲
2023 · 1.80
Quick ratio
16.53▲
2023 · 1.80
Debt / equity
0.06▼
2023 · 1.06
ROE
34.2%▼
2023 · 39.0%
ROA
32.3%▲
2023 · 18.9%
Interest coverage
166.57▲
2023 · 23.64
Debt
€3k▼
2023 · €42k
Debt ≤ 1 year
€3k▼
2023 · €42k
Income taxes
€9k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€81k€63k▼
Fixed assets21/28€6k€6k▲
Tangible fixed assets22/27€6k€6k▲
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€75k€57k▼
Amounts receivable within one year40/41€25k€34k▲
Trade receivables40€4k€3k▼
Other amounts receivable41€21k€31k▲
Cash at bank and in hand54/58€49k€22k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€81k€63k▼
Equity10/15€39k€60k▲
Contributions10/11€10k€10k=
Reserves13€29k€50k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€29k€50k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€42k€3k▼
Amounts payable within one year42/48€42k€3k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€0€2k▲
Taxes450/3€0€2k▲
Other amounts payable47/48€39k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€493€535▲
Non-recurring operating charges66A€0-
Gross operating margin9900€24k€31k▲
Operating profit (loss)9901€22k€28k▲
Financial income75/76B€845€1k▲
Recurring financial income75€845€1k▲
Financial charges65/66B€1k€185▼
Recurring financial charges65€1k€185▼
Profit (loss) for the period before taxes9903€22k€29k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€15k€20k▲
Profit (loss) for the period to be appropriated9905€15k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€20k▲
Transfer from equity791/2€29k€0▼
Transfer to equity691/2€15k€20k▲
To other reserves6921€15k€20k▲
Profit to be distributed694/7€29k€0▼
Return on contributions (dividend)694€29k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €20k ▲33.3%
Net result €20k, the highest in the series.
31-12
Financial
Liquidity times 9current ratio 16.53
Current ratio from 1.80 to 16.53; short-term debt falls from €42k to €3k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 6current ratio 39.45
Current ratio from 7.07 to 39.45; short-term debt falls from €4k to €1k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €4k ▼24%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Retie · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groenedijk 702470 RetieGround area
981 m²
Building footprint
195 m²
Volume, LiDAR
989 m³
Parcel 13036E0374/00E000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gireco
since 20182.277.272.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036E0374/00E000 | Flanders | 981 m² | 1 · 195 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,218 companies in sector 81300 we hold annual accounts for 4,363. 3,634 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2018
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:stefaan.gijs@telenet.be
Phone:0497 63 03 70