GIEMO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GIEMO is 0.6% (low). The 2025 annual accounts show equity of €189k and a net result of €22k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2873 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 2873 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. 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-wide

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-03-2026, 43 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. 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 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	18-03-2026	43 d early	2026-00056270
30-09-2024	30-04-2025	28-03-2025	33 d early	2025-00056578
30-09-2023	30-04-2024	01-03-2024	60 d early	2024-00038095
30-09-2022	30-04-2023	16-03-2023	45 d early	2023-00040333
30-09-2021	30-04-2022	17-03-2022	44 d early	2022-07900026
30-09-2020	30-04-2021	29-04-2021	1 d early	2021-12600572
30-09-2019	30-04-2020	28-04-2020	2 d early	2020-10100374
30-09-2018	30-04-2019	29-03-2019	32 d early	2019-08700061
30-09-2017	30-04-2018	24-04-2018	6 d early	2018-10500537
30-09-2016	30-04-2017	31-03-2017	30 d early	2017-08300597

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 signals

Long-established

Founded in 1997, 29 years in business.

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 everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −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€22k+47.8%

Working capital€187k+13.2%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 18-03-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~9.8%/year over 8 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 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	88.6%	43.4%	better than 95% of 2873 sector peers
Net result	€22k	€13k	better than 61% of 2872 sector peers
Equity	€189k	€44k	better than 90% of 2873 sector peers
Gross operating margin	€39k	€39k	better than 50% of 2870 sector peers
Total assets	€213k	€115k	better than 73% of 2873 sector peers

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).

Solvency P95

Stable position over 2020-2025 · n=1633-11087

Net result P61

Stable position over 2020-2025 · n=1626-11069

Equity P90

Stable position over 2020-2025 · n=1635-11090

Gross operating margin P50

Improving position over 2020-2025 · n=1624-11060

Describes the position versus peers, not a forecast.

EBITDA

€38k

+46.0% 18-25

Net profit

€22k

+47.8% 18-25

Cash flow

€25k

+35.6% 18-25

Total assets

€213k

+11.7% 18-25

Equity

€189k

+13.0% 18-25

Working capital

€187k

+13.2% 18-25

Income taxes

€11k

+81.0% 18-25

Dividends

€0

-100.0% 18-25

Debt

€24k

+2.6% 18-25

Debt ≤ 1y

€23k

+2.9% 18-25

Debt > 1y

€0

-100.0% 18-25

Current ratio

9.24

+8.8% 18-25

Quick ratio

9.19

+8.8% 18-25

Solvency

88.6%

+1.2% 18-25

Debt / equity

0.13

-9.2% 18-25

ROE

11.5%

+30.8% 18-25

ROA

10.2%

+32.3% 18-25

Interest coverage

20.69

+9.9% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€38k
Net profit	€22k
Cash flow	€25k
Staff costs	-
Income taxes	€11k
Dividends	€0
Total assets	€213k
Equity	€189k
Debt	€24k
of which ≤ 1y	€23k
of which > 1y	-
Working capital	€187k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	9.24
Quick ratio	9.19
Working capital ratio	88.0%
Solvency	88.6%
Debt / equity	0.13
Long-term debt ratio	-
Interest coverage	20.69
Gross margin	-
Net margin	-
ROA	10.2%
ROE	11.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €3k · 1.3% Current assets €210k · 98.7%

Equity & liabilities

Equity €189k · 88.6% Debt €24k · 11.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€213k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€3k
Current assets	29/58	€210k
Stocks & contracts in progress	3	€1k
Amounts receivable within one year	40/41	€11k
Cash & bank	54/58	€196k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€213k
Equity	10/15	€189k
Contributions / capital	10/11	€6k
Reserves	13	€182k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€24k
Amounts payable within one year	42/48	€23k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€39k
Operating result	9901	€34k
Financial income	75	€154
Financial charges	65	€2k
Result before taxes	9903	€33k
Income taxes	67/77	€11k
Net result for the period	9904	€22k
Result to be appropriated	9905	€22k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

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 from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rijkelstraat 463511 Hasselt

Establishment units

1 location

GIEMO BVBA

Rijkelstraat 46, 3511 Hasseltde verlaging van het grondwaterpeil en de drainage van bouwterreinen

since 19972.083.264.545

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area748 m²

Buildings1

Building footprint78 m²

Volume (LiDAR)421 m³

Tallest building6.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.
71483E0336/00F000	Flanders	748 m²	1 · 78 m²	6.7 m · 2 fl.

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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 57

Solvency 100

Growth 78

Stability 100

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