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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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GINOX from As, company number BE0775763636, closed financial year 2025 with a result of € 494,676 after tax. For that financial year GINOX recorded a gross margin of € 215,654 and equity of € 780,735. Compared with financial year 2024, the result moved from € 131,567 to € 494,676. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 780,735
▲ 172% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 494,676
▲ 276% vs 2024
Profit after tax over the fiscal year.
€ 40,751
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 800 paid out
0 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 643,318
▼ 44% vs 2024
€ 173,866 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 88
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,370
▲ 41% 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 | € 64,928 | € 66,086 | € 110,170 | € 215,654 | ▲ 96% |
| Profit after taxes | € 47,194 | € 98,099 | € 131,567 | € 494,676 | ▲ 276% |
| Equity | € 57,194 | € 155,293 | € 286,859 | € 780,735 | ▲ 172% |
| Total debts | € 486,277 | € 397,053 | € 1,458,228 | € 972,279 | ▼ 33% |
| Cash | € 28,648 | € 38,140 | € 59,999 | € 40,751 | ▼ 32% |
| Retained profit | € 47,194 | € 145,293 | € 276,859 | € 770,735 | ▲ 178% |
| Dividend | € 0 | € 0 | € 0 | € 800 | |
| Bank debt | € 377,580 | € 284,555 | € 1,138,998 | € 643,318 | ▼ 44% |
| Balance sheet total | € 543,471 | € 552,346 | € 1,745,087 | € 1,753,014 |
Key figures of GINOX, 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 GINOX?
What happened at GINOX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 494,676 (▲ 276% vs 2024). Source: NBB ↗
- New establishment in As. KBO
- Start of the company according to the CBE. KBO
- Raf Claessens became a director. NBB
In short
From € 47,194 profit in 2022 to € 494,676 profit in 2025.
Paid € 90,744 in corporate taxes since 2022.
Best year ever: 2025, with € 494,676 profit.
Paid out € 800 in dividends to the owners in total.
Management
Behind GINOX is Raf Claessens. It owns 100% of Korage Immo and 100% of Korage itself.
Directors
According to the 2025 annual accounts
Raf Claessens
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Zander Leënstraat 40
3665 As
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0775.763.636
- VAT number
- BE 0775.763.636
- Registered office
- Zander Leënstraat 40, 3665 As
- Names & denominations
- GINOX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 2021
- Peppol
- Active · Active since 13 Sept 2025
- Activities · NACE
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