GISEL
ActiveGISEL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €33k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 92% of 13933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+4
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 9.53 against 9.54 in 2024), and 8.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.6%
Return on assets
2.4%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-02-2026, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
155 d early
2024
48 d early
2023
29 d late
2022
28 d late
2021
12 d early
2020
11 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.26M▲ 2.7%
2024 · €1.23M
2018: €1.15M
2019: €1.16M
2020: €1.17M
2021: €1.18M
2022: €1.19M
2023: €1.20M
2024: €1.23M
2018 → 2025
Total assets
€1.37M▲ 1.5%
2024 · €1.35M
2018: €1.44M
2019: €1.41M
2020: €1.40M
2021: €1.38M
2022: €1.35M
2023: €1.36M
2024: €1.35M
2018 → 2025
Net result
€33k▲ 54.5%
2024 · €21k
2018: €61k
2019: €10k
2020: €6k
2021: €7k
2022: €8k
2023: €18k
2024: €21k
2018 → 2025
Working capital
€454k▲ 8.9%
2024 · €416k
2018: €288k
2019: €296k
2020: €253k
2021: €271k
2022: €336k
2023: €373k
2024: €416k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.18M-€1.19M▲ 0.7%€1.20M▲ 1.5%€1.23M▲ 1.8%€1.26M▲ 2.7%
Operating result€13k-€2k▼ 87.0%€9k▲ 429%€13k▲ 41.1%€37k▲ 182%
Net result€7k-€8k▲ 19.1%€18k▲ 107%€21k▲ 21.4%€33k▲ 54.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 182% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€867k▼ 2.4%
Current assets
€507k▲ 8.9%
Equity and liabilities €1.37M
Equity
€1.26M▲ 2.7%
Debt
€115k▼ 10.1%
The debt ratio falls from 9.5% to 8.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€78k▲
2024 · €57k
Cash flow
€74k▲
2024 · €65k
Solvency
91.6%▲
2024 · 90.5%
Current ratio
9.53=
2024 · 9.54
Quick ratio
9.53=
2024 · 9.54
Debt / equity
0.09▼
2024 · 0.10
ROE
2.6%▲
2024 · 1.7%
ROA
2.4%▲
2024 · 1.6%
Interest coverage
18.82▲
2024 · 14.25
Debt
€115k▼
2024 · €128k
Debt ≤ 1 year
€53k▲
2024 · €49k
Debt > 1 year
€62k▼
2024 · €80k
Income taxes
€19k▲
2024 · €13k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.37M▲
Fixed assets21/28€888k€867k▼
Tangible fixed assets22/27€623k€604k▼
Land and buildings22€622k€586k▼
Plant, machinery and equipment23€1k€869▼
Furniture and vehicles24€318€17k▲
Financial fixed assets28€265k€263k▼
Current assets29/58€465k€507k▲
Amounts receivable within one year40/41€304k€108k▼
Trade receivables40€15k€5k▼
Other amounts receivable41€289k€104k▼
Current investments50/53-€264k
Cash at bank and in hand54/58€150k€127k▼
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.37M▲
Equity10/15€1.23M€1.26M▲
Contributions10/11€12k€12k=
Reserves13€1.21M€1.25M▲
Tax-exempt reserves132€86€86=
Distributable reserves133€1.21M€1.25M▲
Amounts payable17/49€128k€115k▼
Amounts payable after more than one year17€80k€62k▼
Financial debts170/4€80k€62k▼
Amounts payable within one year42/48€49k€53k▲
Current portion of amounts payable after more than one year42€23k€17k▼
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€19k€21k▲
Taxes450/3€19k€21k▲
Other amounts payable47/48€2k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€41k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€63k€84k▲
Operating profit (loss)9901€13k€37k▲
Financial income75/76B€26k€20k▼
Recurring financial income75€26k€20k▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€35k€52k▲
Income taxes67/77€13k€19k▲
Profit (loss) for the period9904€21k€33k▲
Profit (loss) for the period to be appropriated9905€21k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€33k▲
Transfer to equity691/2€21k€33k▲
To other reserves6921€21k€33k▲
The notes to these accounts (14 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €6k ▼38.1%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Geraardsbergen · 1 establishment unit since 2008
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.
Kouterlosrechts(Ove) 29500 GeraardsbergenGround area
1,486 m²
Building footprint
567 m²
Volume, LiDAR
3,374 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Gisel
since 20082.235.251.370
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41056B0080/00K000 | Flanders | 1,286 m² | 1 · 363 m² | 7.7 m · 2 fl. |
| 41031A0276/00P000 | Flanders | 200 m² | 1 · 204 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6488QWXQ2AM851767Y73
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,352. 3,058 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2008
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
69102Activities of notaries
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.