GYMP FLAGS
ActiveSummary
GYMP FLAGS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €26k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+28
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.41 against 6.21 in 2024; short-term debt: 21.6% and cash: 32.2% of total assets), and 21.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
78.4%
Return on assets
9.8%
Age of the figures
9 mo
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
136 d early
2023
71 d early
2022
66 d early
2021
68 d early
2020
67 d early
2019
78 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€209k▲ 14.3%
2024 · €183k
Total assets
€267k▲ 19.5%
2024 · €223k
Net result
€26k▲ 852%
2024 · €3k
Working capital
€196k▲ 5.5%
2024 · €186k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39k▼ 66.9%€25k▼ 35.5%€21k▼ 15.5%€7k▼ 69.2%€30k▲ 367%
Net result€27k▼ 73.8%€17k▼ 37.7%€14k▼ 17.4%€3k▼ 79.8%€26k▲ 852%
Equity€150k▼ 20.0%€167k▲ 11.0%€180k▲ 8.2%€183k▲ 1.5%€209k▲ 14.3%
Total assets€267k▲ 13.8%€201k▼ 24.7%€214k▲ 6.3%€223k▲ 4.3%€267k▲ 19.5%
Debt€117k▲ 147%€35k▼ 70.3%€34k▼ 3.0%€40k▲ 19.0%€58k▲ 43.1%
Working capital€140k▼ 17.5%€162k▲ 15.4%€178k▲ 10.3%€186k▲ 4.3%€196k▲ 5.5%
Staff (FTE)1.6▼ 36.0%1.6=1.6=1.7▲ 6.3%1.7=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 367% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267k
Fixed assets
€13k ▲ 727%
Current assets
€254k ▲ 14.4%
Equity and liabilities €267k
Equity
€209k ▲ 14.3%
Debt
€58k ▲ 43.1%
Debt's share of the balance-sheet total rises from 18.0% to 21.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €7k
Cash flow
€27k▲
2024 · €3k
Current ratio
4.41▼
2024 · 6.21
Debt to equity
0.28▲
2024 · 0.22
ROE
12.5%▲
2024 · 1.5%
ROA
9.8%▲
2024 · 1.2%
Interest coverage
8.48▲
2024 · 3.91
Debt ≤ 1 year
€58k▲
2024 · €36k
Income taxes
€9k▲
2024 · €2k
Staff costs
€86k▲
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | €5k | - |
| Remuneration, social security and pensions62 | €71k | €76k | €79k | €85k | €86k | ▲ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €5k | €5k | €399 | €598 | ▲ 50.0% |
| Other operating charges640/8 | €826 | €792 | €857 | €856 | €2k | ▲ 80.8% |
| Gross operating margin9900 | €118k | €107k | €106k | €92k | €119k | ▲ 28.5% |
| Operating profit (loss)9901 | €39k | €25k | €21k | €7k | €30k | ▲ 367% |
| Financial income75/76B | €9 | €9 | €50 | €67 | €8k | ▲ 11,941% |
| Recurring financial income75 | €9 | €9 | €50 | €67 | €8k | ▲ 11,941% |
| Financial charges65/66B | €3k | €2k | €2k | €2k | €4k | ▲ 107% |
| Recurring financial charges65 | €3k | €2k | €2k | €2k | €4k | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €36k | €23k | €19k | €5k | €35k | ▲ 624% |
| Income taxes67/77 | €10k | €7k | €6k | €2k | €9k | ▲ 318% |
| Profit (loss) for the period9904 | €27k | €17k | €14k | €3k | €26k | ▲ 852% |
| Profit (loss) for the period to be appropriated9905 | €27k | €17k | €14k | €3k | €26k | ▲ 852% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €267k | €201k | €214k | €223k | €267k | ▲ 19.5% |
| Fixed assets21/28 | €10k | €5k | €2k | €2k | €13k | ▲ 727% |
| Tangible fixed assets22/27 | €10k | €5k | €2k | €2k | €13k | ▲ 727% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €4k | €2k | €2k | €2k | €13k | ▲ 727% |
| Furniture and vehicles24 | €6k | €3k | €0 | - | - | - |
| Current assets29/58 | €257k | €196k | €212k | €222k | €254k | ▲ 14.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €160k | - |
| Other amounts receivable291 | - | - | - | - | €160k | - |
| Stocks and contracts in progress3 | €48k | €49k | €58k | €0 | - | - |
| Stocks30/36 | €48k | €49k | €58k | €0 | - | - |
| Amounts receivable within one year40/41 | €18k | €18k | €18k | €0 | €4k | - |
| Trade receivables40 | €18k | €18k | €18k | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | €4k | - |
| Current investments50/53 | €8k | €8k | €8k | €8k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €180k | €118k | €127k | €213k | €86k | ▼ 59.7% |
| Deferred charges and accrued income490/1 | €3k | €4k | €798 | €820 | €4k | ▲ 394% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €267k | €201k | €214k | €223k | €267k | ▲ 19.5% |
| Equity10/15 | €150k | €167k | €180k | €183k | €209k | ▲ 14.3% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €0 | €17k | €30k | €33k | €59k | ▲ 79.5% |
| Distributable reserves133 | €0 | €17k | €30k | €33k | €59k | ▲ 79.5% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €117k | €35k | €34k | €40k | €58k | ▲ 43.1% |
| Amounts payable within one year42/48 | €117k | €35k | €34k | €36k | €58k | ▲ 61.2% |
| Trade debts44 | €22k | €10k | €9k | €2k | €11k | ▲ 547% |
| Suppliers440/4 | €22k | €10k | €9k | €2k | €11k | ▲ 547% |
| Taxes, remuneration and social security45 | €31k | €24k | €25k | €23k | €21k | ▼ 6.1% |
| Taxes450/3 | €17k | €8k | €7k | €6k | €7k | ▲ 2.8% |
| Remuneration and social security454/9 | €14k | €17k | €18k | €17k | €15k | ▼ 9.5% |
| Other amounts payable47/48 | €64k | €0 | - | €11k | €25k | ▲ 125% |
| Accrued charges and deferred income492/3 | €211 | €112 | €0 | €5k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €17k | €14k | €3k | €26k | ▲ 852% |
| + Depreciation and write-downs630 | €8k | €5k | €5k | €399 | €598 | ▲ 50.0% |
| Operating cash flow (approximation) | €34k | €22k | €19k | €3k | €27k | ▲ 751% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €-12k | - |
| Change in cash | - | €-62k | €9k | €86k | €-127k | ▼ 248% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €209k ▲14.3%
8 profitable years in a row build equity to €209k.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €3k ▼79.8%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.65
Current ratio from 2.20 to 5.65; short-term debt falls from €117k to €35k.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €101k ▲328%
Operating result €117k, net result €101k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.58
Current ratio from 1.73 to 4.58; short-term debt falls from €81k to €47k.
31-12
Financial
Equity above €150kEq €188k ▲118%
3 profitable years in a row build equity to €188k.
Show earlier events
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Waregem · 2 establishment units since 2009
Ground area
1,353 m²
Building footprint
1,163 m²
Volume, LiDAR
6,521 m³
3 parcels, Flanders · tallest building 22.2 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Gymp Flags
since 20092.218.232.523
Gymp Flagstore Knokke
since 20252.383.534.775
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0267/00K002 | Flanders | 759 m² | 1 · 766 m² | 4.6 m · 1 fl. |
| 31804D1410/00C000 | Flanders | 446 m² | 1 · 251 m² | 12.1 m · 2 fl. |
| 31334B0801/00A000 | Flanders | 148 m² | 1 · 146 m² | 22.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 505 companies in sector 47713 we hold annual accounts for 196. 138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
Scores and ratios are computed by Checked and are not a credit decision.