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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Giardinieri is 0.6% (low). The 2024 annual accounts show equity of €9.85M and a net result of €159k. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 3174 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
3 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 90% of 3174 peers (2024). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 25-06-2025 | 36 d early | 2025-00183684 |
| 31-12-2023 | 31-07-2024 | 19-06-2024 | 42 d early | 2024-00149996 |
| 31-12-2022 | 31-07-2023 | 19-07-2023 | 12 d early | 2023-00256361 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€159k-97.9%
Working capital€130k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 25-06-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~39.1%/year over 3 fiscal years, indicative, assuming unchanged policy.
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 82 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.2% | 53.8% | |
| Net result | €159k | €18k | |
| Equity | €9.85M | €40k | |
| Gross operating margin | €-58k | €36k | |
| Total assets | €11.42M | €93k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P90
Improving position over 2022-2024
· n=1763-3174
P95
Stable position over 2022-2024
· n=1759-3173
P95
Stable position over 2022-2024
· n=1765-3176
P5
Weakening position over 2022-2024
· n=1757-3173
Describes the position versus peers, not a forecast.
€-60k
-
22-24
€159k
-97.9%
22-24
€167k
-97.8%
22-24
€11.42M
-8.9%
22-24
€9.85M
+1.6%
22-24
€130k
-
22-24
0
-
22-24
€53k
+60.8%
22-24
€1.57M
-44.7%
22-24
€400k
-76.7%
22-24
€1.10M
0.0%
22-24
1.33
+39.1%
22-24
1.33
+39.1%
22-24
86.2%
+11.6%
22-24
0.16
-45.6%
22-24
1.6%
-97.9%
22-24
1.4%
-97.6%
22-24
-1.22
-
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-60k |
| Net profit | €159k |
| Cash flow | €167k |
| Staff costs | - |
| Income taxes | €53k |
| Dividends | - |
| Total assets | €11.42M |
| Equity | €9.85M |
| Debt | €1.57M |
| of which ≤ 1y | €400k |
| of which > 1y | €1.10M |
| Working capital | €130k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.33 |
| Quick ratio | 1.33 |
| Working capital ratio | 1.1% |
| Solvency | 86.2% |
| Debt / equity | 0.16 |
| Long-term debt ratio | 0.11 |
| Interest coverage | -1.22 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.4% |
| ROE | 1.6% |
| 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 | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €11.42M |
| Fixed assets | 21/28 | €10.87M |
| Formation expenses | 20 | €19k |
| Financial fixed assets | 28 | €10.87M |
| Current assets | 29/58 | €530k |
| Amounts receivable within one year | 40/41 | €26k |
| Investments | 50/53 | €45k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.42M |
| Equity | 10/15 | €9.85M |
| Contributions / capital | 10/11 | €400k |
| Reserves | 13 | €9.45M |
| Amounts payable | 17/49 | €1.57M |
| Amounts payable after one year | 17 | €1.10M |
| Amounts payable within one year | 42/48 | €400k |
| Trade debts payable within one year | 44 | €0 |
| Income statement | ||
| Gross operating margin | 9900 | €-58k |
| Operating result | 9901 | €-67k |
| Financial income | 75 | €329k |
| Financial charges | 65 | €49k |
| Result before taxes | 9903 | €213k |
| Income taxes | 67/77 | €53k |
| Net result for the period | 9904 | €159k |
| Result to be appropriated | 9905 | €159k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed63
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (23023163). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
Etienne De WalscheDirectorState Gazette act 23023163 (16-02-2023)Current08-02-2023 → present
-
JEF DE WALSCHE BVLegal entityManaging director· perm. rep.: JEF DE WALSCHEState Gazette act 23023163 (16-02-2023)Current14-12-2022 → present
-
Current14-12-2022 → present
Former directors (2)
-
COMMV FicorexDirectorState Gazette act 23023163 (16-02-2023)Former- → 08-02-2023
2 events
- 08-02-2023 Resigned· Director
- 08-02-2023 Resigned· Managing director
-
BEN BOONEDirectorState Gazette act 23023163 (16-02-2023)Former- → 14-12-2022
2 events
- 14-12-2022 Resigned· Director
- 14-12-2022 Resigned· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van verpakkingsbedrijven(82920) |
| Legal form | Public limited company(014) |
| Incorporation | 10-06-2022 |
| Status | Active |
| Postal code | 2860 |
Locations & real estate
Registered office
on the map · from the address register
Sint-Katelijne-Waver
exact location from the address register
Parcels1
Ground area3.3 ha
Buildings1
Building footprint1.1 ha
Volume (LiDAR)1,252 m³
Tallest building16.0 m
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0404/00F000 | Flanders | 3.3 ha | 1 · 1.1 ha | 16.0 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts Capital history · 1
31-07-2025
Capital change
All acts · 2
updated 1 year ago
2025
31-07-2025 Capital increase of €1,100,000
Notary:
Günther Pauwels · Lievegem
2023
16-02-2023 3 directors appointed, 5 resigning
- Etienne De Walsche, Bestuurder
- JEF DE WALSCHE, Gedelegeerd bestuurder
- Jeroen Verlinde, Voorzitter
- COMMV Ficorex, Bestuurder
- COMMV Ficorex, Bestuurder
- COMMV Ficorex, Gedelegeerd bestuurder
- BEN BOONE, Bestuurder
- BEN BOONE, Gedelegeerd bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes60
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
63
Profitability
8
Solvency
85
Growth
52
Stability
94
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads BankActivities
Verpakkingsbedrijven82920Activiteiten van verpakkingsbedrijven82920Handelsbemiddeling gespecialiseerd in andere goederen46180Handelsbemiddeling in de groothandel in andere specifieke goederen46180Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | Giardinieri |
Registered office
Hoveniersstraat 47
2860 Sint-Katelijne-Waver, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.