Equity
-€91,110
Debts exceed assets in financial year 2025.
GILROE
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €97,203 (2011)
€5,875▼ 23.9%
lowest -€53,766 (2020)
-€2,278▼ €2,355
peak €84,540 (2006)
-€91,110▼ €2,278
€101,106▲ 1.6%
peak 1 FTE (2008)
-not published
Board3 names since 2019
1 directorGillain Yves
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Gross margin from €7,724 to €5,875Loss of €2,278
Key points
from the 2025 annual accountsDebts
€101,106 1,011% of the balance sheet
Financial debts 67%Suppliers 6%Taxes and wages 1%Other 27%
Of this, €33,829 falls due within a year.
Position in the sector
-911.5%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 3.0%● unchanged vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 2.9%▼ -0.1 percentage points vs 02-2025
04-2025: 2.9%● unchanged vs 03-2025
05-2025: 2.8%▼ -0.1 percentage points vs 04-2025
06-2025: 2.8%● unchanged vs 05-2025
07-2025: 3.0%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.6%▼ -2.4 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026lowest value
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.3 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€91,110
Loss of €2,278 (financial year 2025)
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €9,996
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 12% on liquidity, 10% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as GILROE has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GILROE itself is lower: 0.9% within 12 months. It rests on far more data about GILROE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for GILROE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.24 (0.33 in 2024), below 1. Short-term debt is 338.4% and cash 17.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€91,110
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
1 day early
2023
22 days early
2022
38 days late
2021
11 days early
2020
9 days early
2019
41 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0475527355
Resignation: Anne-Sophie Roels (director)
General meeting of 26-03-2021 · Gazette deed
Merger: YM Gillain takes over FERO
Company renamed from YM GILLAIN to GILROE · Resignation: YM Gillain (manager) · Permanent representative: GILLAIN Yves · General meeting of 27-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GILROE Zoersel | €9,996 | €5,875 | -911.5% | - |
| A.R.M.C. Brussels | €10,118 | €3,922 | -746.7% | - |
| BEMA Ravels | €12,790 | €10,654 | -185.7% | - |
| EFFERVESCENCE Wavre | €11,423 | €7,436 | 50.6% | - |
| Philippe DALCQ Perwez | €19,563 | €5,917 | -172.7% | - |
| ENTREPRISE QUENON Walcourt | €4,965 | €6,328 | -42.3% | - |
| ENTREPRISE GENERALE EUROBAT Genappe | €19,409 | €6,534 | 52.1% | - |
These companies have the same main activity as GILROE: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €4,970 and €19,600, founded between 1990 and 2006.
Official details
Source: KBO- Status
- Active since 27-08-2001Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 3 others
- Establishment unit
- 2.116.713.3132980 Zoersel, since 16-11-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 26-04-2024
Annual accounts 2025
- ≈ €79,000estimated
- €9,996▼ 6.6%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on GILROE
GILROE files the micro format. That format states no turnover. The gross margin fell from €71,050 in 2006 to €5,875 in 2025.
The balance sheet grew most from 2014 to 2015 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GILROE
- What is the company number of GILROE?
- The company number of GILROE is 0475.527.355. The VAT number is the same number with BE in front: BE 0475.527.355.
- Where is GILROE based?
- The registered office is at Zoerselhoek 49, 2980 Zoersel.Company details
- What does GILROE do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of GILROE?
- GILROE is a private limited company (pre-2019) (BVBA).
- When was GILROE founded?
- GILROE was founded on 27-08-2001.
- Is GILROE still active?
- Yes, GILROE is an active enterprise in the KBO register.
- What is the turnover of GILROE?
- The turnover in financial year 2025 is ≈ €79,000. This figure is estimated from the gross margin of €5,875 and 201 comparable companies (NACE 43990). It probably lies between €43,000 and €150,000. It is a rough estimate.Financials
- Is GILROE profitable?
- In financial year 2025, GILROE made a loss of €2,278.
- Where can I find the annual accounts of GILROE?
- GILROE filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GILROE due?
- GILROE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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