Financials
- Fiscal year
- 2025
- Total assets
- €280,007
- Loss
- -€31,648
- Solvency
- 49.7%
Total assets▲ 2.4%
Net result
20192025
GIRO - MAT
ActiveSummary
GIRO - MAT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,126 and a net result of -€31,648. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 56% of 13458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Wholesale trade
NACE 46630NACE 51820
2 sites
Size
€280,007total assets 2025
- Equity
- €139,126
- Loss
- -€31,648
Turnover not published (abridged schema)
Structure
Accounts 40 d early0 of 2 deeds read
Why 68- Loss of €31,648 (FY 2025)- Liquidity: current ratio 0.08, cash €6,700, halved+ Founded in 1998+ Size: total assets €280,007Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 30% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
75-12
equity 49.7% of total assets
Liquidity
28-28
short-term debt 50.2% · cash 2.4%
Profitability
9-74
return on assets -11.3%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.3%▲ +13.5% vs 12-2024
02-2025: 0.3%▲ +0.4% vs 01-2025
03-2025: 0.3%▼ -2.3% vs 02-2025
04-2025: 0.4%▲ +55.1% vs 03-2025
05-2025: 0.1%▼ -74.8% vs 04-2025lowest value
06-2025: 0.1%● 0.0% vs 05-2025lowest value
07-2025: 0.1%● 0.0% vs 06-2025lowest value
08-2025: 0.1%● 0.0% vs 07-2025lowest value
09-2025: 0.1%● 0.0% vs 08-2025lowest value
10-2025: 0.1%● 0.0% vs 09-2025lowest value
11-2025: 0.1%● 0.0% vs 10-2025lowest value
12-2025: 0.1%● 0.0% vs 11-2025lowest value
01-2026: 0.1%▲ +14.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%▲ +0.9% vs 02-2026
04-2026: 0.6%▲ +464% vs 03-2026highest value
05-2026: 0.6%● 0.0% vs 04-2026highest value
06-2026: 0.6%● 0.0% vs 05-2026highest value
07-2026: 0.6%● 0.0% vs 06-2026highest value
08-2026: 0.6%● 0.0% vs 07-2026highest value
09-2026: 0.6%● 0.0% vs 08-2026highest value
10-2026: 0.6%▼ -1.1% vs 09-2026
- Loss of €31,648 (FY 2025) raises the probability
- Founded in 1998 lowers the probability for this profile
- Size: total assets €280,007 lowers the probability for this profile
- Liquidity: current ratio 0.08, cash €6,700, halved raises the probability
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 1.6 in 2024; short-term debt: 50.2% and cash: 2.4% of total assets), and 50.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 57%, liquidity 25%, profitability 16%, growth against the median 20%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-03-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
16 d early
2023
9 d early
2022
22 d early
2021
12 d late
2020
4 d early
2019
16 d 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 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 14 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close05-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€31,648
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 30-04-2027
- 21-03-2026Annual accounts filed
- 30-09-2025Weakest financial year
- 14-04-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46630
- Founded
- 29-10-1998
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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