GIROLIE
ActiveSummary
GIROLIE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-335k) and a net result of €-61k. Equity is shrinking by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-36
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.2 in 2024; short-term debt: 64.3% and cash: 0.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
-70.7%
Return on assets
-12.9%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-335k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-05-2026, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
22 d late
2024
on the day
2023
on the day
2022
2 d late
2021
2 d late
2020
28 d late
2019
4 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-335k▼ 22.2%
2024 · €-274k
2018: €79k
2019: €108k
2020: €-132k
2021: €-220k
2022: €-238k
2023: €-262k
2024: €-274k
2018 → 2025
Total assets
€473k▼ 16.4%
2024 · €566k
2018: €1.54M
2019: €1.49M
2020: €1.05M
2021: €850k
2022: €764k
2023: €698k
2024: €566k
2018 → 2025
Net result
€-61k▼ 412%
2024 · €-12k
2018: €3k
2019: €29k
2020: €-240k
2021: €-88k
2022: €-18k
2023: €-24k
2024: €-12k
2018 → 2025
Working capital
€-270k▼ 19.2%
2024 · €-226k
2018: €-66k
2019: €-2k
2020: €-207k
2021: €-262k
2022: €-229k
2023: €-233k
2024: €-226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-220k-€-238k▼ 8.0%€-262k▼ 10.2%€-274k▼ 4.5%€-335k▼ 22.2%
Operating result€-81k-€-17k▲ 78.9%€-13k▲ 24.0%€-7k▲ 46.1%€-57k▼ 709%
Net result€-88k-€-18k▲ 80.1%€-24k▼ 38.0%€-12k▲ 51.0%€-61k▼ 412%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €57k in 2025 against €7k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €473k
Fixed assets
€439k ▼ 13.8%
Current assets
€35k ▼ 39.7%
Key figures and ratios
EBITDA
€13k▼
2024 · €63k
Cash flow
€9k▼
2024 · €58k
Solvency
-70.7%▼
2024 · -48.3%
Current ratio
0.11▼
2024 · 0.20
Debt to equity
-2.41▲
2024 · -3.07
ROA
-12.9%▼
2024 · -2.1%
Interest coverage
3.31▼
2024 · 12.94
Debt
€808k▼
2024 · €840k
Debt ≤ 1 year
€305k▲
2024 · €284k
Debt > 1 year
€503k▼
2024 · €556k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€566k€473k▼
Fixed assets21/28€509k€439k▼
Tangible fixed assets22/27€509k€439k▼
Land and buildings22€509k€439k▼
Financial fixed assets28€70€70=
Current assets29/58€57k€35k▼
Amounts receivable within one year40/41€38k€29k▼
Trade receivables40€38k€29k▼
Other amounts receivable41€81€36▼
Cash at bank and in hand54/58€848€2k▲
Deferred charges and accrued income490/1€19k€3k▼
Equity and liabilities
Total equity and liabilities10/49€566k€473k▼
Equity10/15€-274k€-335k▼
Contributions10/11€19k€19k=
Reserves13€89k€89k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€87k€89k▲
Profit (loss) carried forward14€-381k€-442k▼
Amounts payable17/49€840k€808k▼
Amounts payable after more than one year17€556k€503k▼
Financial debts170/4€556k€503k▼
Amounts payable within one year42/48€284k€305k▲
Current portion of amounts payable after more than one year42€56k€55k▼
Trade debts44€14k€16k▲
Suppliers440/4€14k€16k▲
Taxes, remuneration and social security45€1k€0▼
Taxes450/3€1k€0▼
Other amounts payable47/48€213k€233k▲
Accrued charges and deferred income492/3€641€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€70k=
Other operating charges640/8€7k€6k▼
Gross operating margin9900€70k€20k▼
Operating profit (loss)9901€-7k€-57k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-12k€-61k▼
Profit (loss) for the period9904€-12k€-61k▼
Profit (loss) for the period to be appropriated9905€-12k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-381k€-442k▼
Profit (loss) brought forward from the previous period14P€-370k€-381k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
30-09
Financial
Weakest financial yearnet €-240k ▼939%
Net result drops to €-240k, the lowest in the series; recovery starts the following year.
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
30-09
Financial
Highest result since 2018net €29k ▲787%
Operating result €39k, net result €29k, both a record.
30-09
Financial
Equity above €100kEq €108k ▲36.1%
2 profitable years in a row build equity to €108k.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
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.
Directors · office · real estate
Directors
3 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, Harelbeke · 1 establishment unit since 2011
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.
Evangeliestraat 338530 HarelbekeGround area
2,036 m²
Building footprint
761 m²
Volume, LiDAR
3,615 m³
Parcel 34323D1596/00L004, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Evangeliestraat 33, 8530 Harelbeke
since 20112.199.233.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D1596/00L004 | Flanders | 2,036 m² | 1 · 761 m² | 9.6 m · 1 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.
Similar companies · same sector, comparable size
CLUTCH
BE 0842.103.025
Elsene · Eq €107,720
AVENUE MOLIERE
BE 0879.713.289
Lasne · Eq €107,872
GOLDSTAR
BE 0434.006.110
Schaarbeek · Eq €106,794
SERAPHINE
BE 0477.882.574
Gent · Eq €109,116
K9-K4 Group
BE 0656.529.751
Maarkedal · Eq €109,136
Of 1,311 companies in sector 46423 we hold annual accounts for 812. 569 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-05-2011
Fiscal year end30-09
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47713Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.