GIZEH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 9 filings
Equity
€210,147▼ 3.6%
2024 · €218,094
Total assets
€292,051▼ 1.0%
2024 · €295,085
Net result
-€7,947▼ 127%
2024 · -€3,506
Working capital
-€81,895▼ 10.7%
2024 · -€73,948
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €7,686, larger than the loss of €3,349 in 2024. It is the lowest result since 2021.
Operating result-€7,686
2025
Net result-€7,947
2025
Total assets€292,051
2025
Equity€210,147
2025
Debt€81,904
2025
Working capital-€81,895
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€8,125--€6,368▲ 21.6%-€4,176▲ 34.4%-€4,518▼ 8.2%-€2,166▲ 52.1%-€5,009▼ 131%-€3,349▲ 33.1%-€7,686▼ 130%
Net result-€11,313--€6,357▲ 43.8%-€4,194▲ 34.0%-€4,598▼ 9.6%-€8,696▼ 89.1%-€5,156▲ 40.7%-€3,506▲ 32.0%-€7,947▼ 127%
Equity€200,602-€244,244▲ 21.8%€240,050▼ 1.7%€235,452▼ 1.9%€226,756▼ 3.7%€221,600▼ 2.3%€218,094▼ 1.6%€210,147▼ 3.6%
Total assets€315,682-€300,077▼ 4.9%€300,100=€302,550▲ 0.8%€293,913▼ 2.9%€294,944▲ 0.4%€295,085=€292,051▼ 1.0%
Debt€115,080-€55,833▼ 51.5%€60,050▲ 7.6%€67,097▲ 11.7%€67,156▲ 0.1%€73,345▲ 9.2%€76,992▲ 5.0%€81,904▲ 6.4%
Working capital-€92,566--€48,473▲ 47.6%-€52,217▼ 7.7%-€56,714▼ 8.6%-€65,286▼ 15.1%-€70,442▼ 7.9%-€73,948▼ 5.0%-€81,895▼ 10.7%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292,051
Fixed assets
€292,042 =
Current assets
€9 ▼ 99.7%
Equity and liabilities €292,051
Equity
€210,147 ▼ 3.6%
Debt
€81,904 ▲ 6.4%
Debt's share of the balance-sheet total rises from 26.1% to 28.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2024 · 0.04
Debt to equity
0.39▲
2024 · 0.35
ROE
-3.8%▼
2024 · -1.6%
ROA
-2.7%▼
2024 · -1.2%
Debt ≤ 1 year
€81,904▲
2024 · €76,992
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €450 | €450 | €450 | €100 | €125 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €618 | €591 | €10 | €525 | €983 | ▲ 87.2% |
| Gross operating margin9900 | -€7,119 | -€5,221 | -€3,259 | -€3,800 | -€1,450 | -€4,999 | -€2,824 | -€6,704 | ▼ 137% |
| Operating profit (loss)9901 | -€8,125 | -€6,368 | -€4,176 | -€4,518 | -€2,166 | -€5,009 | -€3,349 | -€7,686 | ▼ 130% |
| Recurring financial income75 | €1 | €67 | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €79 | €6,530 | €148 | €158 | €261 | ▲ 65.4% |
| Recurring financial charges65 | €3,189 | €57 | €19 | €79 | €6,530 | €148 | €158 | €261 | ▲ 65.4% |
| Profit (loss) for the period before taxes9903 | -€11,313 | -€6,357 | -€4,194 | -€4,598 | -€8,696 | -€5,156 | -€3,506 | -€7,947 | ▼ 127% |
| Income taxes67/77 | €0 | €0 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€11,313 | -€6,357 | -€4,194 | -€4,598 | -€8,696 | -€5,156 | -€3,506 | -€7,947 | ▼ 127% |
| Profit (loss) for the period to be appropriated9905 | -€11,313 | -€6,357 | -€4,194 | -€4,598 | -€8,696 | -€5,156 | -€3,506 | -€7,947 | ▼ 127% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €315,682 | €300,077 | €300,100 | €302,550 | €293,913 | €294,944 | €295,085 | €292,051 | ▼ 1.0% |
| Formation expenses20 | €1,126 | €676 | €225 | €125 | €0 | - | - | - | - |
| Fixed assets21/28 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | = |
| Intangible fixed assets21 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | €292,042 | = |
| Current assets29/58 | €22,514 | €7,360 | €7,833 | €10,383 | €1,871 | €2,903 | €3,043 | €9 | ▼ 99.7% |
| Amounts receivable within one year40/41 | €22,266 | €6,417 | €7,803 | €10,350 | €1,838 | €2,887 | €3,043 | €0 | ▼ 100% |
| Trade receivables40 | - | - | - | €2,086 | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €8,264 | €1,838 | €2,887 | €3,043 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €248 | €943 | €30 | €33 | €33 | €16 | €0 | €9 | ▲ 451× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €315,682 | €300,077 | €300,100 | €302,550 | €293,913 | €294,944 | €295,085 | €292,051 | ▼ 1.0% |
| Equity10/15 | €200,602 | €244,244 | €240,050 | €235,452 | €226,756 | €221,600 | €218,094 | €210,147 | ▼ 3.6% |
| Contributions10/11 | €218,550 | €250,602 | - | €250,602 | €250,602 | €250,602 | €250,602 | €250,602 | = |
| Profit (loss) carried forward14 | -€17,948 | -€6,357 | -€10,552 | -€15,149 | -€23,845 | -€29,002 | -€32,508 | -€40,455 | ▼ 24.4% |
| Amounts payable17/49 | €115,080 | €55,833 | €60,050 | €67,097 | €67,156 | €73,345 | €76,992 | €81,904 | ▲ 6.4% |
| Amounts payable within one year42/48 | €115,080 | €55,833 | €60,050 | €67,097 | €67,156 | €73,345 | €76,992 | €81,904 | ▲ 6.4% |
| Financial debts43 | - | - | - | - | - | - | €33 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | - | - | €33 | €0 | ▼ 100% |
| Trade debts44 | €34,488 | €12,690 | €13,465 | €16,200 | €16,795 | €15,217 | €14,889 | €13,723 | ▼ 7.8% |
| Suppliers440/4 | - | - | - | €16,200 | €16,795 | €15,217 | €14,889 | €13,723 | ▼ 7.8% |
| Other amounts payable47/48 | - | - | - | €50,897 | €50,361 | €58,128 | €62,070 | €68,181 | ▲ 9.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,313 | -€6,357 | -€4,194 | -€4,598 | -€8,696 | -€5,156 | -€3,506 | -€7,947 | ▼ 127% |
| + Depreciation and write-downs630 | €450 | €450 | €450 | €100 | €125 | €0 | - | - | - |
| Operating cash flow (approximation) | -€10,862 | -€5,907 | -€3,744 | -€4,497 | -€8,571 | -€5,156 | -€3,506 | -€7,947 | ▼ 127% |
| Investment in fixed assets (approximation) | - | -€450 | -€450 | -€100 | -€125 | €0 | €0 | €0 | - |
| Change in cash | - | €696 | -€914 | €3 | €0 | -€17 | -€16 | €9 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00373241 | NBB |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00335753 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00423599 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00301004 | |
| 31-12-2021 | micro format | 28-10-2022 | 2022-20475709 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53600591 | |
| 31-12-2019 | micro format | 11-08-2020 | 2020-40500590 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-44100519 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-30000154 |