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Complete company report
Generated 09-08-2026
Active BE 0865.640.074Private limited company

GIVARCO

Heinestraat 31 ·9970 Kaprijke, Belgium· 22 yrs active
Sector: Agriculture (01461)
Conclusion Checked

The computed 12-month bankruptcy probability of GIVARCO is 0.3% (very low). The 2024 annual accounts show equity of €457k and a net result of €-54k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 196 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €457k
Net result €-54k
Staff (FTE) 0.8
Better than sector 56%
Snowflake analysis 5 axes · computed by Checked
Health58Profitability0Solvency77Growth78Stability100
63 / 100

Strong profile, led by stability.

Health 58
Profitability 0
Solvency 77
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Multiple establishment units +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
58 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 06-05-2025 with the NBB · fiscal year 2024 · verkort
€-750k€-500k€-250k€0€250kOperating result 2020: €99k€99kNet result 2020: €-153k€-153kOperating result 2021: €-477k€-477kNet result 2021: €-514k€-514kOperating result 2022: €-91k€-91kNet result 2022: €-112k€-112kOperating result 2023: €375k€375kNet result 2023: €336k€336kOperating result 2024: €-33k€-33kNet result 2024: €-54k€-54k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~11.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-500k€0€500k€1.00M2025: €403k (€173k - €632k)2026: €349k (€-18k - €716k)2027: €294k (€-210k - €799k)2018: €450k2019: €741k2020: €802k2021: €287k2022: €175k2023: €511k2024: €457k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 01, Agriculture · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 39.8% 32.3%
better than 56% of 196 sector peers
Net result €-54k €93k
better than 6% of 195 sector peers
Equity €457k €507k
better than 48% of 196 sector peers
Gross operating margin €141k €436k
better than 21% of 193 sector peers
Staff costs €13k €162k
higher than 13% of 128 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€111k
-78.4% -47% vs sector
Net profit
€-54k
- far below sector median
Cash flow
€90k
-81.0% -55% vs sector
Total assets
€1.15M
-27.2% -10% vs sector
Equity
€457k
-10.6% +37% vs sector
Working capital
€170k
-29.5% far above sector median
Employees (FTE)
1
0.0% -33% vs sector
Staff costs
€13k
+5.8% -81% vs sector
Income taxes
€0
-100.0% -100% vs sector
Debt
€692k
-35.2% -45% vs sector
Debt ≤ 1y
€245k
-46.6% -26% vs sector
Debt > 1y
€437k
-27.3% -53% vs sector
Current ratio
1.69
+11.0% +53% vs sector
Quick ratio
0.91
+18.4% +41% vs sector
Solvency
39.8%
+22.8% +69% vs sector
Debt / equity
1.51
-27.5% far above sector median
ROE
-11.9%
- far below sector median
ROA
-4.7%
- far below sector median
Interest coverage
4.75
-64.2% -64% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€111k
Net profit€-54k
Cash flow€90k
Staff costs€13k
Income taxes-
Dividends-
Total assets€1.15M
Equity€457k
Debt€692k
of which ≤ 1y€245k
of which > 1y€437k
Working capital€170k
Employees (FTE)0.8
Ratios (computed)
2024
Current ratio1.69
Quick ratio0.91
Working capital ratio14.8%
Solvency39.8%
Debt / equity1.51
Long-term debt ratio0.96
Interest coverage4.75
Gross margin-
Net margin-
ROA-4.7%
ROE-11.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.15M
Fixed assets 21/28€734k
Formation expenses 20€0
Tangible fixed assets 22/27€734k
Financial fixed assets 28€150
Current assets 29/58€415k
Stocks & contracts in progress 3€192k
Amounts receivable within one year 40/41€109k
Investments 50/53€0
Cash & bank 54/58€90k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.15M
Equity 10/15€457k
Contributions / capital 10/11€244k
Accumulated profits (losses) 14€213k
Amounts payable 17/49€692k
Amounts payable after one year 17€437k
Amounts payable within one year 42/48€245k
Trade debts payable within one year 44€56k
Income statement
Gross operating margin 9900€141k
Operating result 9901€-33k
Financial income 75€3k
Financial charges 65€23k
Result before taxes 9903€-54k
Net result for the period 9904€-54k
Result to be appropriated 9905€-54k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Agriculture(01461)
Legal form Private limited company(610)
Incorporation07-06-2004
StatusActive
Postal code9970
Establishment units 3 locations
GIVARCO
Heinestraat 31, 9970 KaprijkeFokvarkenshouderij
since 20042.138.927.303
Knokstraat 10, 9968 Assenede
Fokvarkenshouderijen
since 20112.203.639.862
Meersstraat 2, 9968 Assenede
Fokvarkenshouderijen
since 20112.203.639.961
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43003A1176/00C000 Flanders 1.7 ha 1 · 184 m² 9.3 m · 2 fl.
43007B0977/00L000 Flanders 8,149 m² 1 · 3,066 m² 8.1 m · 1 fl.
43003A0835/00L000 Flanders 7,228 m² 1 · 273 m² 7.8 m · 1 fl.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
05-09-2025
State Gazette act Director changes
06-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
03-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
11-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
05-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
13-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
31-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
23-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
03-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
14-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
19-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 11 months ago
2025
05-09-2025 1 director appointed, 2 resigning Director changes
  • Lien Lootens, Bestuurder
  • Nico Baeke, Bestuurder
  • Eveline De Bleeker, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Fokvarkenshouderij01231Fokvarkenshouderijen01461Fokvarkenshouderijen01461Varkensvetmesterijen01462Varkensvetmesterijen01462Teelt van granen (m.u.v. rijst), peulgewassen en oliehoudende zaden01110Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden01110
Primary activity highlighted.
Names & trade names
Legal nameNL GIVARCO
Registered office
Heinestraat 31
9970 Kaprijke, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative