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 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
GINCO from Hasselt, company number BE1001643477, closed financial year 2025 with a result of € -223,331 after tax. For that financial year GINCO recorded a gross margin of € -220,620 and equity of € -244,207. Compared with financial year 2024, the result moved from € -40,877 to € -223,331. 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 June 16, 2026.
€ -244,207
▼ € 223,331 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -223,331
▼ 446 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -264,207.
Debts at end 2025
€ 266,022
▲ € 204,357 vs 2024
Loans from banks and other lenders, long and short.
€ 5,238
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,611
▲ 85% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -38,840 | € -220,620 | ▼ € 181,780 |
| Profit after taxes | € -40,877 | € -223,331 | ▼ € 182,454 |
| Equity | € -20,877 | € -244,207 | ▼ € 223,331 |
| Total debts | € 96,830 | € 290,767 | ▲ 200% |
| Retained profit | € -40,877 | € -264,207 | ▼ € 223,331 |
| Bank debt | € 61,665 | € 266,022 | ▲ € 204,357 |
| Balance sheet total | € 75,954 | € 46,560 | ▼ 39% |
Key figures of GINCO, fiscal years 2024 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 GINCO?
What happened at GINCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 223,331. Source: NBB ↗
- New establishment in Hasselt. KBO
- Koel Management BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 40,877 loss in 2024 to € 223,331 loss in 2025.
Management
Behind GINCO is Koel Management BV. Koel Management BV is also behind JUST THAT and Lean Mean Business.
Directors
According to the 2025 annual accounts
Director · represented by Martens Koen
Also active at: JUST THAT, Lean Mean Business
since 2023
Establishments
Establishment units
Physical locations of this company
Paul Bellefroidlaan 4C box 5
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1001.643.477
- VAT number
- BE 1001.643.477
- Registered office
- Paul Bellefroidlaan 4C bus 5, 3500 Hasselt
- Names & denominations
- GINCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2023
- Peppol
- Active · Active since 5 Sept 2025
- Contact
- roadtorally.com
- Activities · NACE
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