GHYKO
ActiveGHYKO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €-38k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 40% of 385 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-21
Solvency86▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 2.3 in 2024), but 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
28 d late
2022
60 d late
2021
99 d late
2020
27 d late
2019
27 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▼ 20.1%
2024 · €189k
2018: €197k
2019: €206k
2020: €172k
2021: €179k
2022: €178k
2023: €181k
2024: €189k
2018 → 2025
Total assets
€357k▼ 15.3%
2024 · €422k
2018: €822k
2019: €764k
2020: €589k
2021: €527k
2022: €458k
2023: €443k
2024: €422k
2018 → 2025
Net result
€-38k
2024 · €8k
2018: €118k
2019: €9k
2020: €-34k
2021: €6k
2022: €-399
2023: €3k
2024: €8k
2018 → 2025
Working capital
€87k▼ 30.3%
2024 · €125k
2018: €106k
2019: €105k
2020: €138k
2021: €136k
2022: €139k
2023: €121k
2024: €125k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€178k▼ 0.2%€181k▲ 1.4%€189k▲ 4.5%€151k▼ 20.1%
Operating result€20k-€3k▼ 83.7%€9k▲ 183%€14k▲ 47.5%€-36k
Net result€6k-€-399€3k€8k▲ 218%€-38k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €36k after €14k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €357k
Fixed assets
€179k▼ 10.8%
Current assets
€178k▼ 19.3%
Equity and liabilities €357k
Equity
€151k▼ 20.1%
Debt
€206k▼ 11.3%
The debt ratio rises from 55.2% to 57.7%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-14k▼
2024 · €36k
Cash flow
€-16k▼
2024 · €30k
Solvency
42.3%▼
2024 · 44.8%
Current ratio
1.96▼
2024 · 2.30
Quick ratio
1.96▼
2024 · 2.30
Debt / equity
1.36▲
2024 · 1.23
ROE
-25.2%▼
2024 · 4.3%
ROA
-10.6%▼
2024 · 1.9%
Interest coverage
-4.57▼
2024 · 8.07
Debt
€206k▼
2024 · €233k
Debt ≤ 1 year
€91k▼
2024 · €96k
Debt > 1 year
€114k▼
2024 · €134k
Staff costs
€10k▲
2024 · €9k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€422k€357k▼
Fixed assets21/28€201k€179k▼
Tangible fixed assets22/27€199k€179k▼
Land and buildings22€192k€170k▼
Plant, machinery and equipment23€7k€9k▲
Financial fixed assets28€2k€110▼
Current assets29/58€221k€178k▼
Amounts receivable within one year40/41€39k€15k▼
Trade receivables40€39k€14k▼
Other amounts receivable41€124€587▲
Current investments50/53€116k€89k▼
Cash at bank and in hand54/58€64k€74k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€422k€357k▼
Equity10/15€189k€151k▼
Contributions10/11€19k€19k=
Reserves13€66k€66k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€104k€66k▼
Amounts payable17/49€233k€206k▼
Amounts payable after more than one year17€134k€114k▼
Financial debts170/4€134k€114k▼
Amounts payable within one year42/48€96k€91k▼
Current portion of amounts payable after more than one year42€22k€20k▼
Trade debts44€48k€44k▼
Suppliers440/4€48k€44k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€19k€23k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€9k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€50k€1k▼
Operating profit (loss)9901€14k€-36k▼
Financial income75/76B€1k€910▼
Recurring financial income75€1k€910▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€10k€-38k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€8k€-38k▼
Profit (loss) for the period to be appropriated9905€8k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€66k▼
Profit (loss) brought forward from the previous period14P€104k€104k=
Transfer to equity691/2€8k-
To other reserves6921€8k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-38k ▼571%
Net result drops to €-38k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 99 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Equity above €200kEq €206k ▲4.7%
2 profitable years in a row build equity to €206k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lennik · 1 establishment unit since 2004
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.
Baasbergstraat 11750 LennikGround area
3,238 m²
Building footprint
407 m²
Volume, LiDAR
2,050 m³
2 parcels, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GHYKO
since 20042.155.778.379
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23075B0045/00D000 | Flanders | 2,935 m² | 1 · 285 m² | 8.8 m · 2 fl. |
| 23049A0532/00V003 | Flanders | 303 m² | 1 · 122 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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VIBRAMAX
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SISY
BE 0808.844.002
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DE LEENER
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SYBERMAT
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Braine-l'Alleud · Eq €262k
Of 40 companies in sector 28920 we hold annual accounts for 28. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2004
Fiscal year end31-12
Activities, NACEBEL
28920Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
74700
29520
68201Renting and operating of own or leased residential real estate, excluding social housing
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.