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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GICOR from Middelkerke, company number BE0457740921, closed financial year 2025 with a result of € -22,220 after tax. For that financial year GICOR recorded a gross margin of € -2,092 and equity of € -350,558. Compared with financial year 2024, the result moved from € -19,085 to € -22,220. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -350,558
▼ € 32,916 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,220
▼ 16 % more loss than in 2024
Profit after tax over the fiscal year.
€ 31
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -369,150.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,637
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -9,885 | € 14,431 | € -1,231 | € -2,092 | ▼ € 861 |
| Profit after taxes | € -29,873 | € -7,725 | € -19,085 | € -22,220 | ▼ € 3,134 |
| Equity | € -290,832 | € -298,557 | € -317,642 | € -350,558 | ▼ € 32,916 |
| Total debts | € 555,371 | € 550,533 | € 556,633 | € 586,808 | ▲ 5% |
| Cash | € 1,694 | € 1,480 | € 2,673 | € 31 | ▼ 99% |
| Land & buildings | € 254,909 | € 243,041 | € 231,173 | € 219,305 | ▼ 5% |
| Retained profit | € -309,424 | € -317,149 | € -336,234 | € -369,150 | ▼ € 32,916 |
| Bank debt | € 8,695 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 264,539 | € 251,976 | € 238,990 | € 236,250 | ▼ 1% |
Key figures of GICOR, 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 GICOR?
What happened at GICOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,220. Source: NBB ↗
- Leonardo became a director. NBB
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,873 loss in 2022 to € 22,220 loss in 2025.
Management
Behind GICOR are Walter Boone and Leonardo.
Directors
According to the 2025 annual accounts
Walter Boone
Director
Andere functie · represented by Leonia Heylen
since 2013
Establishments
Establishment units
Physical locations of this company
Zeedijk 300
8430 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →BELLEGARDE
€ 91,168 gross margin · 2025
ACCOUNTANCY VAN DEN BROECK - VANDECASTEELE
€ -4,279 gross margin · 2024
VALSAN
€ 119,387 gross margin · 2025
Accountantskantoor Van den Broeck - Vandecasteele
Vereniging van Mede-eigenaars Residentie Belle Vue te Middelkerke, Zeedijk 300
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.740.921
- VAT number
- BE 0457.740.921
- Registered office
- Zeedijk 300, 8430 Middelkerke
- Names & denominations
- GICOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 1996
- Peppol
- Active · Active since 13 Feb 2024