Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Gilco from Landen, company number BE0407009327, closed financial year 2025 with a result of € -8,895 after tax. For that financial year Gilco recorded a gross margin of € 75,977 and equity of € 854,021. Compared with financial year 2024, the result moved from € -24,792 to € -8,895. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 854,021
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,895
▲ 64 % less loss than in 2024
Profit after tax over the fiscal year.
€ 10,731
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 835,429.
People and assets in 2025
€ 11,724
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 3% vs 2024
€ 44,810 is repaid this year. At this pace the long-term loan is gone in ≈ 29 years.
€ 3,475
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,402
▲ € 9,682 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 51,802 | € 58,866 | € 52,183 | € 75,977 | ▲ 46% |
| Profit after taxes | € -23,656 | € -21,910 | € -24,792 | € -8,895 | ▲ € 15,898 |
| Equity | € 978,328 | € 936,892 | € 895,456 | € 854,021 | ▼ 5% |
| Total debts | € 1,494,325 | € 1,449,215 | € 1,409,589 | € 1,398,162 | ▼ 1% |
| Cash | € 243,601 | € 143,867 | € 49,219 | € 10,731 | ▼ 78% |
| Land & buildings | € 1,567,631 | € 1,519,055 | € 1,456,752 | € 1,393,631 | ▼ 4% |
| Retained profit | € 959,736 | € 918,300 | € 876,864 | € 835,429 | ▼ 5% |
| Dividend | € 17,542 | € 19,525 | € 16,643 | € 32,541 | ▲ 96% |
| Bank debt | € 1,443,752 | € 1,400,848 | € 1,357,317 | € 1,313,152 | ▼ 3% |
| Balance sheet total | € 2,791,532 | € 2,691,174 | € 2,596,300 | € 2,529,626 | ▼ 3% |
Key figures of Gilco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Gilco?
What happened at Gilco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,895. Source: NBB ↗
- Michael Ivo Wera became a director. NBB
- New establishment in Bonheiden. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,656 loss in 2022 to € 8,895 loss in 2025.
Paid € 38,548 in corporate taxes since 2022.
Paid out € 86,251 in dividends to the owners in total.
Management
Behind Gilco is Michael Ivo Wera.
Directors
According to the 2025 annual accounts
Michael Ivo Wera
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Neerwindenstraat 64
3400 Landen
Oude Keerbergsebaan 2
2820 Bonheiden
Active since 15 October 1982
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.009.327
- VAT number
- BE 0407.009.327
- Registered office
- Neerwindenstraat 64, 3400 Landen
- Names & denominations
- Gilco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 1970
- Peppol
- Not registered