GILBO

Active

Public limited companyfounded 1989active for 36 yearsKortrijksesteenweg 157, 9830 Sint-Martens-Latem, Belgium48 active companies are registered at this addressKBO/BCE: BE 0438.857.593

Summary

GILBO has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.1m and a net result of €1.2m. Equity remains stable across the filed financial years (±2.2% per year). Its solvency ranks better than 72% of 5,767 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

GILBOActiveChecked score 89/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203

8th largest company by equity in Sint-Martens-Latem, Real estate sector1 site

Size

€3.4mturnover 2025

Equity: €22.1m
Profit: €1.2m

Financial health

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: STRACO · 60%
Board: 4 members
Holdings: 2

Auditor: FIGURAD BEDRIJFSREVISOREN2025 accounts filed 39 days late4 of 14 deeds summarised

Why 89raises riskLiquidity: current ratio 0.42, cash €408,9731 change of registered office in 24 monthsLast filed accounts filed 39 days late; 2 of the last 3 latelowers riskSize: turnover €3.4m, total assets €33.2mShow the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 71% of its sector peers (NACE 68, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 91+2

equity 66.4% of total assets

Liquidity 52=

short-term debt 8.9% · cash 1.2%

Profitability 82-1

return on assets 3.5%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,719 companies, NACE 68, medium-sized)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.1%▼ -0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026highest value

Credit of up to €330,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.42, compared with 1.2 in 2024, below 1; short-term debt: 8.9% and cash: 1.2% of total assets), and 33.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, medium-sized): better than 80% on solvency, 69% on liquidity, 94% on profitability and 40% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises risk

Liquidity: current ratio 0.42, cash €408,973

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Last filed accounts filed 39 days late; 2 of the last 3 late

NBB · filings

Size: turnover €3.4m, total assets €33.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

2025 accounts filed 39 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

39 days late

2024

26 days late

2023

61 days late

2022

140 days late

2021

9 days early

2020

8 days early

2019

24 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

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 8 September (4 of the last 5 filed years within 48 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

08-09-2026 Annual accounts filedfinancial year 2025 · full…
01-09-2026 Permanent representative: William NagelsRegistered-office move · Power of…
02-06-2026 Reappointment: Figurad Bedrijfsrevisoren BV (statutory auditor)Amendment of the articles ·…

Key points

Positive: Among the best 8% on equitysector median €946,069 · 5,768 companies €22.1m View
Controlled by STRACOultimately: Straco PE 60% View
Active since 1989founded 30-10-1989 36 years View

By topic

Financials

Financial year: 2025
Turnover: €3.4m
Profit: €1.2m
Solvency: 66.4%

Turnover▼ 13.4%

Net result

20222025

Go to Financials

Board & ownership

Board: 4 members
Parent: STRACO · 60%
Auditor: FIGURAD BEDRIJFSREVISOREN

TICACONSULTDirector
ViBelDirector
DONADirector
ELIAS WHEMABDirector

Go to Board & ownership

Network & group

Group: Straco PE
Holdings: 2
Connected companies: 29

2 holdings

Go to Network & group

Timeline

Events: 42
Since: 1992
Next accounts: by 31-07-2027

26-08-2025Annual accounts filed
31-12-2024Back to profit
21-11-2024Reappointments: ELIAS WHEMAB (director) and DONA (director)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Renting and operating of own or leased non-residential…NACE 68203
Founded: 30-10-1989
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 36

Annual meeting: Second Thursday of June at 11:00
Purpose: “Alle studiën en operaties met betrekking tot alle onroerende goederen en rechten en tot…” (deed in Dutch)

Go to Articles of association

Key facts about GILBO

What is the company number of GILBO?: 0438.857.593. In Belgium the VAT number is the company number with BE in front: BE 0438.857.593.
Where is GILBO based?: The registered office is at Kortrijksesteenweg 157, 9830 Sint-Martens-Latem.Company details
What does GILBO do?: According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of GILBO?: Public limited company (NV).
When was GILBO founded?: On 30-10-1989.
Is GILBO still active?: Yes, GILBO is an active enterprise in the KBO register.
What is the turnover of GILBO?: €3.4m in financial year 2025, according to the filed annual accounts.Financials
Is GILBO profitable?: In financial year 2025, GILBO made a profit of €1.2m.
Where can I find the annual accounts of GILBO?: GILBO filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GILBO due?: By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?STRACO RE · 16 companies How does this company compare with its sector?Sector benchmark

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Overview