Checked.be
Active
BE 0431.369.985Private limited company
G.L.
Vijverstraat(SAR) 86 ·3040 Huldenberg, Belgium· 39 yrs active
Sector: Wholesale of meat and meat products, excluding game and poultry
(46321)
Conclusion
G.L. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10k and a net result of €4k. Equity is shrinking by ~21.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 50% of 15880 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €10k |
| Net result | €4k |
| Better than sector | 50% |
| Active | 39 yrs |
Financial profile
78
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
100
Solvency
77
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1987, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
83
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score history
86
2021
93
2022
52
2023
83
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.67 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.67 (≥ 1.0)
+5
Leverage
Debt/equity 1.49 (< 2.0)
+3
Profitability
ROE 38% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-12-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.1% | 39.5% | |
| Net result | €4k | €5k | |
| Equity | €10k | €56k | |
| Gross operating margin | €4k | €26k | |
| Total assets | €24k | €175k |
€-6k
-
21-24
€4k
-
21-24
€-6k
-
21-24
€24k
-60.9%
21-24
€10k
-77.2%
21-24
€10k
-77.2%
21-24
€14k
-25.3%
21-24
€14k
-25.3%
21-24
1.67
-47.7%
21-24
1.67
-47.7%
21-24
40.1%
-41.6%
21-24
1.49
+227.5%
21-24
38.2%
-
21-24
15.3%
-
21-24
-144.30
-
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | €-6k | €7k | €12k |
| Net profit | €4k | €-7k | €5k | €10k |
| Cash flow | - | €-6k | €7k | €12k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €24k | €61k | €82k | €95k |
| Equity | €10k | €42k | €49k | €44k |
| Debt | €14k | €19k | €33k | €51k |
| of which ≤ 1y | €14k | €19k | €33k | €51k |
| of which > 1y | - | - | - | - |
| Working capital | €10k | €42k | €48k | €41k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.67 | 3.19 | 2.48 | 1.81 |
| Quick ratio | 1.67 | 3.19 | 2.48 | 1.81 |
| Working capital ratio | 40.1% | 68.7% | 58.8% | 43.7% |
| Solvency | 40.1% | 68.7% | 60.2% | 46.3% |
| Debt / equity | 1.49 | 0.46 | 0.66 | 1.16 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | -144.30 | 198.73 | 362.91 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 15.3% | -11.9% | 6.7% | 11.0% |
| ROE | 38.2% | -17.3% | 11.1% | 23.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €24k | €61k | €82k | €95k |
| Fixed assets | 21/28 | €0 | - | €1k | €3k |
| Tangible fixed assets | 22/27 | €0 | - | €1k | €3k |
| Current assets | 29/58 | €24k | €61k | €81k | €92k |
| Amounts receivable within one year | 40/41 | €12k | €52k | €48k | €52k |
| Cash & bank | 54/58 | €12k | €9k | €33k | €41k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €24k | €61k | €82k | €95k |
| Equity | 10/15 | €10k | €42k | €49k | €44k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | - | €23k | €31k | €25k |
| Accumulated profits (losses) | 14 | €-9k | €840 | €139 | €677 |
| Amounts payable | 17/49 | €14k | €19k | €33k | €51k |
| Amounts payable within one year | 42/48 | €14k | €19k | €33k | €51k |
| Trade debts payable within one year | 44 | €1k | €4k | €7k | €13k |
| Income statement | |||||
| Gross operating margin | 9900 | €4k | €-6k | €7k | €12k |
| Operating result | 9901 | €4k | €-7k | €5k | €10k |
| Financial income | 75 | €1 | €0 | - | €52 |
| Financial charges | 65 | €44 | €42 | €34 | €32 |
| Result before taxes | 9903 | €4k | €-7k | €5k | €10k |
| Net result for the period | 9904 | €4k | €-7k | €5k | €10k |
| Result to be appropriated | 9905 | €4k | €-7k | €5k | €10k |
Directors & mandates
Current directors & mandates
-
Leonard, GuidoManagerState Gazette act 23416109 (26-10-2023)Current26-10-2023 → present
2 events
- 26-10-2023 Resigned· Manager
- 26-10-2023 Appointed· Manager
Legal Structure
| NACE primary | Wholesale of meat and meat products, excluding game and poultry(46321) |
| Legal form | Private limited company(610) |
| Incorporation | 22-06-1987 |
| Status | Active |
| Postal code | 3040 |
Establishment units
G.L.
since 19872.029.911.674
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24099C0425/00F000 | Flanders | 661 m² | 1 · 261 m² | 8.4 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Weakest financial yearnet €-7k ▼234%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
26-10
State Gazette act
Director changes
v3.2
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
26-10-2023 1 director appointed, 1 resigning
- Leonard, Guido, Zaakvoerder
- Leonard, Guido, Zaakvoerder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Leonard, Guido",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Leonard, Guido",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0431.369.985",
"name_full": "G.L."
}
}Credit advice
Company registry (CBE)
Activities
Wholesale of meat and meat products, excluding game and poultry4632151321
Names & trade names
| Legal nameNL | G.L. |
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