GIUALE

Active

Private limited companyfounded 201411 yrs activeRue du Fond du Maréchal(RH) 25, 5020 Namur, BelgiumKBO/BCE: BE 0506.905.568

The computed 12-month bankruptcy probability of GIUALE is 2.5% (moderate). The 2024 annual accounts show equity of €118k and a net result of €77k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 18942 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency77▲+35

Growth78=

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days only on tighter terms

Liquidity ample (current ratio 1.99 against 1.12 in 2023; short-term debt: 47.6% and cash: 22.5% of total assets), and 47.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 31-01-2026, 184 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

184 d late

2023

139 d late

2022

83 d early

2020

5 d early

2019

87 d late

2018

58 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€118k▲ 193%

2023 · €40k

2018: €-8k 2019: €-33k 2020: €-38k 2022: €-23k 2023: €40k

2018 → 2024

Total assets

€224k▼ 5.5%

2023 · €237k

2018: €43k 2019: €27k 2020: €3k 2022: €255k 2023: €237k

2018 → 2024

Net result

€77k▲ 22.5%

2023 · €63k

2018: €15k 2019: €-24k 2020: €-4k 2022: €15k 2023: €63k

2018 → 2024

Working capital

€106k▲ 361%

2023 · €23k

2018: €-38k 2019: €-50k 2020: €-38k 2022: €-43k 2023: €23k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202220232024Trend

Equity€-33k-€-38k▼ 15.3%€-23k▲ 39.1%€40k€118k▲ 193%

Operating result€-21k-€-4k▲ 82.9%€15k€88k▲ 487%€112k▲ 26.9%

Net result€-24k-€-4k▲ 85.0%€15k€63k▲ 328%€77k▲ 22.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2024 is 27% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €224k

94.7%

Fixed assets €12k▼ 30.5%

Current assets €212k▼ 3.5%

Equity and liabilities €224k

52.4%

47.6%

Equity €118k▲ 193%

Debt €107k▼ 45.8%

The debt ratio falls from 83.1% to 47.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€117k▲

2023 · €93k

Cash flow

€83k▲

2023 · €68k

Solvency

52.4%▲

2023 · 16.9%

Current ratio

1.99▲

2023 · 1.12

Quick ratio

0.85▲

2023 · 0.50

Debt / equity

0.91▼

2023 · 4.91

ROE

65.8%▼

2023 · 157.3%

ROA

34.5%▲

2023 · 26.6%

Interest coverage

53.50▲

2023 · 48.74

Debt

€107k▼

2023 · €197k

Debt ≤ 1 year

€107k▼

2023 · €197k

Income taxes

€29k▲

2023 · €23k

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€237k€224k▼

Fixed assets21/28€17k€12k▼

Tangible fixed assets22/27€17k€12k▼

Land and buildings22€590€468▼

Plant, machinery and equipment23€254€199▼

Furniture and vehicles24€16k€11k▼

Current assets29/58€220k€212k▼

Stocks and contracts in progress3€122k€122k=

Stocks30/36€122k€122k=

Amounts receivable within one year40/41€47k€40k▼

Trade receivables40€47k€40k▼

Other amounts receivable41-€395

Cash at bank and in hand54/58€51k€50k▼

Equity and liabilities

Total equity and liabilities10/49€237k€224k▼

Equity10/15€40k€118k▲

Contributions10/11€19k€19k=

Outside capital11€19k€19k=

Share premium1100/10€19k€19k=

Profit (loss) carried forward14€22k€99k▲

Amounts payable17/49€197k€107k▼

Amounts payable within one year42/48€197k€107k▼

Financial debts43€5k-

Credit institutions430/8€5k-

Trade debts44€129k€22k▼

Suppliers440/4€129k€22k▼

Taxes, remuneration and social security45€31k€56k▲

Taxes450/3€29k€54k▲

Remuneration and social security454/9€2k€2k=

Other amounts payable47/48€32k€29k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲

Other operating charges640/8€2k€367▼

Gross operating margin9900€95k€117k▲

Operating profit (loss)9901€88k€112k▲

Financial income75/76B€18€7▼

Recurring financial income75€18€7▼

Financial charges65/66B€2k€5k▲

Recurring financial charges65€2k€2k▲

Non-recurring financial charges66B-€3k

Profit (loss) for the period before taxes9903€86k€107k▲

Income taxes67/77€23k€29k▲

Profit (loss) for the period9904€63k€77k▲

Profit (loss) for the period to be appropriated9905€63k€77k▲

Appropriation of the result

Profit (loss) to be appropriated9906€22k€99k▲

Profit (loss) brought forward from the previous period14P€-42k€22k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 4Filings 9

2026

31-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 184 days late

2024

31-12

Financial Highest result since 2018net €77k ▲22.5%

Operating result €112k, net result €77k, both a record.

31-12

Financial Equity above €100kEq €118k ▲193%

3 profitable years in a row build equity to €118k.

17-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 139 days late

2023

09-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €15k

Net result €15k after 2 loss-making years.

2021

26-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

26-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 87 days late

2019

31-12

Financial Weakest financial yearnet €-24k ▼258%

Net result drops to €-24k, the lowest in the series; recovery starts the following year.

03-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

13-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 13 days late

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

04-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 4 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

12 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, Namur · 2 establishment units since 2015

establishment All 2 establishment units on the map

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 du Fond du Maréchal(RH) 255020 Namur

Ground area

1.7 ha

Building footprint

3,495 m²

Volume, LiDAR

27,347 m³