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GOALA

Active
Private limited company (pre-2019)founded 201411 yrs activeZwaanhofweg 10, 8900 Ieper, BelgiumKBO/BCE: BE 0567.945.391
Summary

GOALA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For GOALA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €646,184 and a net result of -€988,415. Equity is shrinking by ~32.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. Its solvency ranks better than 5% of 5798 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: At least two filing cycles are missing
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-10-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filings
Position against the passed deadline
31-10-2024 close31-05-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-10-2023 was due by 31-05-2024 and was filed on 16-05-2025, 350 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
350 d late
2022
625 d late
2021
on the day
2020
19 d early
2019
18 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 195 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GOALA was incorporated on 19 November 2014.1 Total assets rose from EUR 29 million in 2018 to EUR 91 million in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023

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Financials · fiscal year 2023, abbreviated schema

Equity
€646,184▼ 60.5%
2022 · €1.6m
Net result
-€988,415▼ 3,988%
2022 · -€24,177
Total assets
€91.0m▲ 0.7%
2022 · €90.4m
Solvency
0.7%▼ 1.1pp
2022 · 1.8%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Operating result-€1.1m€347,778€155,396▼ 55.3%€154,187▼ 0.8%€171,240▲ 11.1%
Net result-€3.9m▲ 34.9%€345,871above the sector's middle half-€6.8mbelow the sector's middle half-€24,177below the sector's middle half▲ 99.6%-€988,415below the sector's middle half▼ 3,988%
Equity€8.1m▲ 1.5%€8.4mabove the sector's middle half▲ 4.3%€1.7mwithin the sector's middle half▼ 80.3%€1.6mwithin the sector's middle half▼ 1.5%€646,184within the sector's middle half▼ 60.5%
Total assets€33.2m▲ 16.0%€44.1mabove the sector's middle half▲ 32.9%€59.9mabove the sector's middle half▲ 35.9%€90.4mabove the sector's middle half▲ 50.8%€91.0mabove the sector's middle half▲ 0.7%
Debt€25.1m▲ 21.6%€35.7m▲ 42.1%€58.3m▲ 63.4%€88.7m▲ 52.3%€90.4m▲ 1.9%
Working capital-€2.8m€2.8m€10.6m▲ 282%€9.5m▼ 10.9%€10.1m▲ 7.0%
Solvency24.4%▼ 3.5pp19.1%below the sector's middle half▼ 5.3pp2.8%below the sector's middle half▼ 16.4pp1.8%below the sector's middle half▼ 1.0pp0.7%below the sector's middle half▼ 1.1pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€8.0m-€6.0m-€4.0m-€2.0m€0Operating result 2019: -€1.1m-€1.1mNet result 2019: -€3.9m-€3.9mOperating result 2020: €347,778€347,778Net result 2020: €345,871€345,871Operating result 2021: €155,396€155,396Net result 2021: -€6.8m-€6.8mOperating result 2022: €154,187€154,187Net result 2022: -€24,177-€24,177Operating result 2023: €171,240€171,240Net result 2023: -€988,415-€988,41520192020202120222023-€8m-€6m-€4m-€2m€0Operating result 2021: €155,396€155,000Net result 2021: -€6.8m-€6.8mOperating result 2022: €154,187€154,000Net result 2022: -€24,177-€24,200Operating result 2023: €171,240€171,000Net result 2023: -€988,415-€988,000202120222023
The operating result recovers in 2023; 2023 is 11% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €91.0m
Fixed assets €80.9m =
Current assets €10.1m ▲ 7.0%
Equity and liabilities €91.0m
Equity €646,184 ▼ 60.5%
Debt €90.4m ▲ 1.9%
Debt's share of the balance-sheet total rises from 98.2% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
ROE
-153.0%▼
2022 · -1.5%
ROA
-1.1%▼
2022 · 0.0%
Debt ≤ 1 year
€22,665▲
2022 · €19,634
Debt > 1 year
€88.3m=
2022 · €88.3m
A ratio outside any meaningful range has been withheld (balance sheet total €91.0m, equity €646,184).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 39 lines
Balance sheet Code20222023
Assets
Total assets20/58€90.4m€91.0m▲
Fixed assets21/28€80.9m€80.9m=
Financial fixed assets28€80.9m€80.9m=
Current assets29/58€9.5m€10.1m▲
Amounts receivable after more than one year29€6.5m€7.0m▲
Other amounts receivable291€6.5m€7.0m▲
Amounts receivable within one year40/41€2.9m€3.1m▲
Trade receivables40€547,021€723,479▲
Other amounts receivable41€2.4m€2.4m▼
Current investments50/53€3,645€1,049▼
Cash at bank and in hand54/58-€17,216
Equity and liabilities
Total equity and liabilities10/49€90.4m€91.0m▲
Equity10/15€1.6m€646,184▼
Contributions10/11€12.0m€12.0m=
Reserves13€1,337€1,337=
Non-distributable reserves130/1€1,337€1,337=
Reserves not available under the articles1311€1,337€1,337=
Profit (loss) carried forward14-€10.3m-€11.3m▼
Amounts payable17/49€88.7m€90.4m▲
Amounts payable after more than one year17€88.3m€88.3m=
Other amounts payable178/9€88.3m€88.3m=
Amounts payable within one year42/48€19,634€22,665▲
Trade debts44€16,572€19,602▲
Suppliers440/4€16,572€19,602▲
Taxes, remuneration and social security45€3,063€3,063=
Taxes450/3€3,063€3,063=
Accrued charges and deferred income492/3€450,699€2.1m▲
Income statement Code20222023
Other operating charges640/8€979€1,072▲
Gross operating margin9900€155,166€172,313▲
Operating profit (loss)9901€154,187€171,240▲
Financial income75/76B€271,587€473,252▲
Recurring financial income75€271,587€473,252▲
Financial charges65/66B€449,951€1.6m▲
Recurring financial charges65€449,951€1.6m▲
Profit (loss) for the period before taxes9903-€24,177-€988,415▼
Profit (loss) for the period9904-€24,177-€988,415▼
Profit (loss) for the period to be appropriated9905-€24,177-€988,415▼
Appropriation of the result
Profit (loss) to be appropriated9906-€10.3m-€11.3m▼
Profit (loss) brought forward from the previous period14P-€10.3m-€10.3m▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Other operating charges640/8--€868€979€1,072▲ 9.5%
Gross operating margin9900€40,930€152,309€156,264€155,166€172,313▲ 11.1%
Operating profit (loss)9901-€1.1m€347,778€155,396€154,187€171,240▲ 11.1%
Financial income75/76B--€195,814€271,587€473,252▲ 74.3%
Recurring financial income75€2.8m-€195,814€271,587€473,252▲ 74.3%
Financial charges65/66B--€7.1m€449,951€1.6m▲ 263%
Recurring financial charges65€5.6m€1,907€7.1m€449,951€1.6m▲ 263%
Profit (loss) for the period before taxes9903-€3.9m€345,871-€6.8m-€24,177-€988,415▼ 3,988%
Profit (loss) for the period9904-€3.9m€345,871-€6.8m-€24,177-€988,415▼ 3,988%
Profit (loss) for the period to be appropriated9905-€3.9m€345,871-€6.8m-€24,177-€988,415▼ 3,988%
Line20192020202120222023Change
Assets
Total assets20/58€33.2m€44.1m€59.9m€90.4m€91.0m▲ 0.7%
Fixed assets21/28€30.7m€41.3m€49.3m€80.9m€80.9m=
Financial fixed assets28€30.7m€41.3m€49.3m€80.9m€80.9m=
Current assets29/58€2.5m€2.8m€10.6m€9.5m€10.1m▲ 7.0%
Amounts receivable after more than one year29--€7.9m€6.5m€7.0m▲ 7.2%
Other amounts receivable291--€7.9m€6.5m€7.0m▲ 7.2%
Amounts receivable within one year40/41€2.4m€2.5m€2.7m€2.9m€3.1m▲ 6.0%
Trade receivables40--€370,562€547,021€723,479▲ 32.3%
Other amounts receivable41--€2.4m€2.4m€2.4m▼ 0.1%
Current investments50/53€1,316€316€2,517€3,645€1,049▼ 71.2%
Cash at bank and in hand54/58€28,961€50,701--€17,216-
Equity and liabilities
Total equity and liabilities10/49€33.2m€44.1m€59.9m€90.4m€91.0m▲ 0.7%
Equity10/15€8.1m€8.4m€1.7m€1.6m€646,184▼ 60.5%
Contributions10/11€12.0m-€12.0m€12.0m€12.0m=
Reserves13€1,337€1,337€1,337€1,337€1,337=
Non-distributable reserves130/1--€1,337€1,337€1,337=
Reserves not available under the articles1311--€1,337€1,337€1,337=
Profit (loss) carried forward14-€3.9m-€3.5m-€10.3m-€10.3m-€11.3m▼ 9.6%
Amounts payable17/49€25.1m€35.7m€58.3m€88.7m€90.4m▲ 1.9%
Amounts payable after more than one year17€19.8m€35.6m€58.2m€88.3m€88.3m=
Other amounts payable178/9--€58.2m€88.3m€88.3m=
Amounts payable within one year42/48€5.3m€7,161€15,165€19,634€22,665▲ 15.4%
Trade debts44€37,238€4,702€4,386€16,572€19,602▲ 18.3%
Suppliers440/4--€4,386€16,572€19,602▲ 18.3%
Taxes, remuneration and social security45--€10,778€3,063€3,063=
Taxes450/3--€10,778€3,063€3,063=
Accrued charges and deferred income492/3---€450,699€2.1m▲ 362%
Line20192020202120222023Change
Profit (loss) for the period9904-€3.9m€345,871-€6.8m-€24,177-€988,415▼ 3,988%
Operating cash flow (approximation)-€3.9m€345,871-€6.8m-€24,177-€988,415▼ 3,988%
Investment in fixed assets (approximation)--€10.6m-€8.0m-€31.6m€0▲ 100%
Change in cash-€21,740----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-07
State Gazette act General meeting · Director appointment
Board composition · Permanent representative
2025
16-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 350 days late
14-02
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 625 days late
2022
31-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-10
Financial Weakest financial yearnet -€6.8m
Net result drops to -€6.8m, the lowest in the series; recovery starts the following year.
12-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
Financial Back to profitnet €345,871
Net result €345,871 after 2 loss-making years.
31-10
Financial Liquidity times 832current ratio 389.12
Current ratio from 0.47 to 389.12; short-term debt falls from €5.3m to €7,161.
18-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
28-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
5,629 m²
Building footprint
1,997 m²
Volume, LiDAR
14,036 m³
Parcel 33305B1021/00D002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
88 companies at this address See who is registered here
1 establishment unit
GOALA
Zwaanhofweg 10, 8900 IeperHoldings
since 20142.236.700.531
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33305B1021/00D002 Flanders 5,629 m² 1 · 1,997 m² 8.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-10-2023 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-10-2023 of GOALA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2014
Fiscal year end31-10
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0567945391
Also 9925:BE0567945391
Registered 12-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.