GICAWORK
ActiveGICAWORK has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €64k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 91% of 7415 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+19
Solvency100▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.81 against 2.28 in 2024; short-term debt: 14.8% and cash: 38.1% of total assets), and 14.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
85.2%
Return on assets
32.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
34 d early
2023
19 d early
2022
30 d late
2021
10 d late
2020
13 d late
2019
55 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€169k▲ 61.9%
2024 · €104k
2018: €47k
2019: €49k
2020: €54k
2021: €82k
2022: €78k
2023: €87k
2024: €104k
2018 → 2025
Total assets
€198k▲ 11.9%
2024 · €177k
2018: €66k
2019: €90k
2020: €124k
2021: €137k
2022: €125k
2023: €115k
2024: €177k
2018 → 2025
Net result
€64k▲ 280%
2024 · €17k
2018: €4k
2019: €2k
2020: €5k
2021: €27k
2022: €-4k
2023: €9k
2024: €17k
2018 → 2025
Working capital
€141k▲ 52.1%
2024 · €93k
2018: €42k
2019: €45k
2020: €66k
2021: €85k
2022: €73k
2023: €75k
2024: €93k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€78k▼ 4.6%€87k▲ 12.0%€104k▲ 19.4%€169k▲ 61.9%
Operating result€43k-€1k▼ 96.6%€9k▲ 499%€25k▲ 179%€85k▲ 243%
Net result€27k-€-4k€9k€17k▲ 81.6%€64k▲ 280%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 243% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€27k▲ 136%
Current assets
€171k▲ 3.2%
Equity and liabilities €198k
Equity
€169k▲ 61.9%
Debt
€29k▼ 59.6%
The debt ratio falls from 41.1% to 14.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2024 · €28k
Cash flow
€68k▲
2024 · €20k
Solvency
85.2%▲
2024 · 58.9%
Current ratio
5.81▲
2024 · 2.28
Quick ratio
4.31▲
2024 · 1.76
Debt / equity
0.17▼
2024 · 0.70
ROE
38.2%▲
2024 · 16.3%
ROA
32.6%▲
2024 · 9.6%
Interest coverage
91.23▲
2024 · 18.45
Debt
€29k▼
2024 · €73k
Debt ≤ 1 year
€29k▼
2024 · €72k
Income taxes
€21k▲
2024 · €7k
Staff costs
€41k▲
2024 · €41k
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€177k€198k▲
Fixed assets21/28€12k€27k▲
Intangible fixed assets21€4k€4k▼
Tangible fixed assets22/27€7k€24k▲
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€2k€9k▲
Leasing and similar rights25-€11k
Other tangible fixed assets26€2k€1k▼
Current assets29/58€165k€171k▲
Stocks and contracts in progress3€38k€44k▲
Stocks30/36€38k€44k▲
Amounts receivable within one year40/41€78k€45k▼
Trade receivables40€18k€11k▼
Other amounts receivable41€60k€34k▼
Cash at bank and in hand54/58€41k€76k▲
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€177k€198k▲
Equity10/15€104k€169k▲
Contributions10/11€32k€32k=
Reserves13€42k€72k▲
Distributable reserves133€42k€72k▲
Profit (loss) carried forward14€30k€65k▲
Amounts payable17/49€73k€29k▼
Amounts payable within one year42/48€72k€29k▼
Trade debts44€50k€19k▼
Suppliers440/4€50k€19k▼
Advances received on contracts in progress46€160€160=
Taxes, remuneration and social security45€22k€10k▼
Taxes450/3€9k€3k▼
Remuneration and social security454/9€14k€7k▼
Accrued charges and deferred income492/3€250-
Income statement
Code20242025
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€41k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€977€3k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€70k€134k▲
Operating profit (loss)9901€25k€85k▲
Financial income75/76B€589€747▲
Recurring financial income75€589€747▲
Financial charges65/66B€2k€978▼
Recurring financial charges65€2k€978▼
Profit (loss) for the period before taxes9903€24k€85k▲
Income taxes67/77€7k€21k▲
Profit (loss) for the period9904€17k€64k▲
Profit (loss) for the period to be appropriated9905€17k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€95k▲
Profit (loss) brought forward from the previous period14P€30k€30k▲
Transfer to equity691/2€17k€30k▲
To other reserves6921€17k€30k▲
The notes to these accounts (10 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €64k ▲280%
Operating result €85k, net result €64k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.81
Current ratio from 2.28 to 5.81; short-term debt falls from €72k to €29k.
31-12
Financial
Equity above €150kEq €169k ▲61.9%
3 profitable years in a row build equity to €169k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €104k ▲19.4%
2 profitable years in a row build equity to €104k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-4k ▼114%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
11-07
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.
Directors · office · real estate
Directors
3 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, Sprimont · 2 establishment units since 1984
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.
Rue de Méry(DLX) 164140 SprimontGround area
1.3 ha
Building footprint
98 m²
Volume, LiDAR
850 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
GICAWORK
since 19842.025.620.019
Cloisonair
since 20202.307.498.950
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61076B0367/00S015 | Wallonia | 1.2 ha | - | - |
| 62028B0763/00E000 | Wallonia | 946 m² | 1 · 98 m² | 10.3 m · 3 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
RvH Bedrijfsgebouwen
BE 0870.742.076
Schoten · Eq €168k
HOLLMAN
BE 0746.842.491
Sint-Pieters-Leeuw · Eq €168k
AMR TRIDENT
BE 0894.428.486
Ittre · Eq €167k
ECOWALL
BE 0754.459.268
Holsbeek · Eq €167k
HOUSE FOR YOU
BE 0739.692.108
Seneffe · Eq €171k
Of 2,452 companies in sector 41003 we hold annual accounts for 1,055. 729 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-1984
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
43240Other construction installation
43299Specialised construction activities
43120Site preparation
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.