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GGP Dubellay

Active
Private limited company (pre-2019)founded 2013active for 13 yearsOppemstraat 37, 3080 Tervuren, BelgiumKBO/BCE: BE 0533.961.640
Summary

GGP Dubellay has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€73,795) and a net result of -€4,077. Equity has been shrinking by about 32% per year since 2020. Its solvency ranks better than 5% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

Source: KBO
Status
Active since 07-05-2013 Normal situation
Activity
Retail sale of watches and jewellery NACE 47770and 5 others
Establishment unit
2.221.255.656 3080 Tervuren, since 07-05-2013
Financial year end
30 June
Peppol
Reachable since 29-12-2025

Board and ownership

Board
  • LAENEN XAVIERDirector

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts to 30-06-2025
Gross margin
€187
Turnover
≈ €2,000
estimated
Loss
€4,077
▼ 58.3%
Equity
-€73,795
▼ 5.8%
Total assets
€13,878
▼ 67.4%
  • Negative equity on 30-06-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €4,077, the second in a row (financial year 2025)Negative equity -€73,795lowers riskSize: total assets €13,878Founded in 2013Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 13% of micro companies in retail trade (NACE 47)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -531.7% of total assets
Liquidity 9+6
short-term debt 631.7% · cash 7.0%
Profitability 0=
return on assets -29.4%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 3.0% 01-2025: 3.2%▲ +0.2 percentage points vs 12-2024 02-2025: 3.2%● unchanged vs 01-2025highest value 03-2025: 1.6%▼ -1.6 percentage points vs 02-2025 04-2025: 1.6%● unchanged vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025 08-2025: 1.6%● unchanged vs 07-2025 09-2025: 1.6%● unchanged vs 08-2025 10-2025: 1.6%● unchanged vs 09-2025 11-2025: 1.5%▼ -0.1 percentage points vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.7%▲ +0.2 percentage points vs 12-2025 02-2026: 2.1%▲ +0.4 percentage points vs 01-2026 03-2026: 1.0%▼ -1.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026lowest value 11-2026: 1.0%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.3 in 2024), below 1. Short-term debt is 631.7% and cash 7% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 10% on liquidity, 6% on profitability and 30% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €13,878
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €4,077, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€73,795
NBB · annual accounts
lowers risk · Founded in 2013
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2022232425
2020 to 2025 · latest year -€73,795
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2020
89 days late
2018
58 days early
2017
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end02-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€73,795 View
  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€4,077 View
  • Caution: Lower solvency than 95% of companies in retail tradesector median 33.2% · 22,773 companies -531.7% View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Incorporation
All 12 events

Comparable companies

These companies have the same main activity as GGP Dubellay: retail sale of watches and jewellery (NACE 47770). They are comparable in size and age: total assets between €13,700 and €31,100, founded between 2001 and 2016.

CompanyTotal assetsGross margin
GGP Dubellay Tervuren€13,878€187
CIEL MES BIJOUX ACCESSOIRES Brussel€13,677-€8,557
ALPICO Aiseau-Presles€22,539-€11,137
De Trazegnies Antwerpen€15,034-€17,987
Carri Heist-op-den-Berg€28,018-€26
LE PANIER DE VLEURGAT Etterbeek€31,061€1,362
BW & HM Beringen€13,823-€1,214
Full comparison

Key facts about GGP Dubellay

What is the company number of GGP Dubellay?
The company number of GGP Dubellay is 0533.961.640. The VAT number is the same number with BE in front: BE 0533.961.640.
Where is GGP Dubellay based?
The registered office is at Oppemstraat 37, 3080 Tervuren.Company details
What does GGP Dubellay do?
According to the KBO register, the main activity is retail sale of watches and jewellery (NACE 47770).
What is the legal form of GGP Dubellay?
The legal form of GGP Dubellay is Private limited company (pre-2019) (BVBA).
When was GGP Dubellay founded?
GGP Dubellay was founded on 07-05-2013.
Is GGP Dubellay still active?
Yes, GGP Dubellay is an active enterprise in the KBO register.
How many employees does GGP Dubellay have?
GGP Dubellay had an average of 0.8 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of GGP Dubellay?
The turnover in financial year 2025 is ≈ €2,000. This figure is estimated from the gross margin of €187 and 118 comparable companies (NACE 477). It probably lies between €710 and €4,200. It is a rough estimate.
Is GGP Dubellay profitable?
In financial year 2025, GGP Dubellay made a loss of €4,077.
Where can I find the annual accounts of GGP Dubellay?
GGP Dubellay filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GGP Dubellay due?
GGP Dubellay must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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