GIROTTO
ActiveGIROTTO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-243k) and a net result of €24k. Equity is shrinking by ~64.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+82
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.23 in 2023; short-term debt: 194.2% and cash: 4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 2024Solvency, return and age of the figures
Solvency
-107%
Return on assets
10.4%
Age of the figures
21 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 15867 sector peers (2024).
NBB · sector comparisonPosition among 15867 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-05-2026, 276 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
276 d late
2023
210 d late
2022
76 d late
2021
441 d late
2020
767 d late
2019
1132 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-243k▲ 8.9%
2023 · €-266k
2018: €90k
2019: €73k
2020: €68k
2021: €-98k
2022: €-136k
2023: €-266k
2018 → 2024
Total assets
€227k▲ 24.3%
2023 · €182k
2018: €303k
2019: €221k
2020: €202k
2021: €147k
2022: €116k
2023: €182k
2018 → 2024
Net result
€24k
2023 · €-130k
2018: €16k
2019: €-12k
2020: €-5k
2021: €-166k
2022: €-38k
2023: €-130k
2018 → 2024
Working capital
€-307k▲ 5.0%
2023 · €-323k
2018: €99k
2019: €29k
2020: €39k
2021: €-124k
2022: €-140k
2023: €-323k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€-98k€-136k▼ 39.2%€-266k▼ 95.0%€-243k▲ 8.9%
Operating result€-4k-€-7k▼ 62.5%€-38k▼ 436%€-92k▼ 141%€-4k▲ 96.1%
Net result€-5k-€-166k▼ 3,063%€-38k▲ 76.8%€-130k▼ 237%€24k
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 €4k in 2024 against €92k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €227k
Fixed assets
€93k▲ 8.8%
Current assets
€133k▲ 38.0%
Key figures and ratios
EBITDA
€39k▲
2023 · €-64k
Cash flow
€66k▲
2023 · €-102k
Solvency
-107.0%▲
2023 · -145.9%
Current ratio
0.30▲
2023 · 0.23
Quick ratio
0.27▲
2023 · 0.22
Debt / equity
-1.93▼
2023 · -1.69
ROA
10.4%▲
2023 · -71.1%
Interest coverage
203.62▲
2023 · -111.96
Debt
€469k▲
2023 · €449k
Debt ≤ 1 year
€440k▲
2023 · €420k
Debt > 1 year
€29k=
2023 · €29k
Income taxes
€-24k▼
2023 · €37k
Staff costs
€20k▲
2023 · €3k
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€182k€227k▲
Fixed assets21/28€86k€93k▲
Tangible fixed assets22/27€86k€93k▲
Plant, machinery and equipment23€17k€36k▲
Furniture and vehicles24€69k€57k▼
Financial fixed assets28-€205
Current assets29/58€97k€133k▲
Stocks and contracts in progress3€6k€14k▲
Stocks30/36€6k€14k▲
Amounts receivable within one year40/41€88k€110k▲
Trade receivables40€73k€92k▲
Other amounts receivable41€15k€18k▲
Cash at bank and in hand54/58€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€182k€227k▲
Equity10/15€-266k€-243k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-288k€-264k▲
Amounts payable17/49€449k€469k▲
Amounts payable after more than one year17€29k€29k=
Trade debts175€29k€29k=
Amounts payable within one year42/48€420k€440k▲
Trade debts44€99k€108k▲
Suppliers440/4€99k€108k▲
Taxes, remuneration and social security45€152k€101k▼
Taxes450/3€152k€97k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€169k€232k▲
Accrued charges and deferred income492/3-€207
Income statement
Code20232024
Remuneration, social security and pensions62€3k€20k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€42k▲
Other operating charges640/8€7k€7k▼
Gross operating margin9900€-54k€66k▲
Operating profit (loss)9901€-92k€-4k▲
Financial income75/76B€19€4k▲
Recurring financial income75€19€4k▲
Financial charges65/66B€572€190▼
Recurring financial charges65€572€190▼
Profit (loss) for the period before taxes9903€-92k€-263▲
Income taxes67/77€37k€-24k▼
Profit (loss) for the period9904€-130k€24k▲
Profit (loss) for the period to be appropriated9905€-130k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-288k€-264k▲
Profit (loss) brought forward from the previous period14P€-158k€-288k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 276 days late
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 210 days late
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after 5 loss-making years.
2023
15-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 76 days late
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 441 days late
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 767 days late
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1132 days late
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1498 days late
2021
31-12
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series; recovery starts the following year.
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 615 days late
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 980 days late
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Flémalle · 2 establishment units since 2010
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.
Rue Edgard Doneux 234400 FlémalleGround area
3,209 m²
Building footprint
1,150 m²
Volume, LiDAR
7,597 m³
3 parcels, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
GIROTTO
since 20102.227.639.444
GIROTTO
since 20262.384.946.126
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64423A0328/00D003 | Wallonia | 2,117 m² | 1 · 567 m² | 10.4 m · 3 fl. |
| 62003A0019/00B002 | Wallonia | 680 m² | 1 · 475 m² | 8.0 m · 1 fl. |
| 62037B0353/00X002 | Wallonia | 411 m² | 1 · 109 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAns2.384.946.126
Fexhe-le-Haut-Clocher2.227.639.444
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HIQ TECH SYSTEMS
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REGULATEURS GEORGIN BELGIQUE
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Bowe Systec
BE 0458.430.908
Sint-Gillis (bij-Brussel) · Eq €69k
Of 2,507 companies in sector 46649 we hold annual accounts for 1,760. 918 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-1994
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
46649Wholesale of other machinery and equipment
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.