GOETHALS ALEX
ActiveGOETHALS ALEX has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-17
Solvency38▼-15
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 2.34 in 2024; short-term debt: 41.5% and cash: 14.2% of total assets), and 87.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.7%
Return on assets
10.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
62 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 64.2%
2024 · €58k
2018: €27k
2019: €39k
2020: €49k
2021: €79k
2022: €-13k
2023: €12k
2024: €58k
2018 → 2025
Total assets
€163k▼ 21.4%
2024 · €207k
2018: €147k
2019: €144k
2020: €148k
2021: €171k
2022: €156k
2023: €172k
2024: €207k
2018 → 2025
Net result
€17k▼ 66.2%
2024 · €51k
2018: €15k
2019: €25k
2020: €20k
2021: €40k
2022: €-81k
2023: €25k
2024: €51k
2018 → 2025
Working capital
€26k▼ 64.4%
2024 · €74k
2018: €-12k
2019: €110
2020: €8k
2021: €40k
2022: €35k
2023: €48k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€-13k€12k€58k▲ 383%€21k▼ 64.2%
Operating result€57k-€-78k€31k€61k▲ 99.2%€44k▼ 28.8%
Net result€40k-€-81k€25k€51k▲ 100%€17k▼ 66.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163k
Fixed assets
€69k▼ 12.0%
Current assets
€94k▼ 27.2%
Equity and liabilities €163k
Equity
€21k▼ 64.2%
Debt
€142k▼ 4.9%
The debt ratio rises from 72.1% to 87.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▼
2024 · €70k
Cash flow
€27k▼
2024 · €60k
Solvency
12.7%▼
2024 · 27.9%
Current ratio
1.39▼
2024 · 2.34
Quick ratio
1.39▼
2024 · 2.34
Debt / equity
6.87▲
2024 · 2.59
ROE
83.1%▼
2024 · 88.1%
ROA
10.6%▼
2024 · 24.6%
Interest coverage
9.49▼
2024 · 11.56
Debt
€142k▼
2024 · €149k
Debt ≤ 1 year
€67k▲
2024 · €55k
Debt > 1 year
€72k▼
2024 · €92k
Income taxes
€21k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€207k€163k▼
Fixed assets21/28€78k€69k▼
Tangible fixed assets22/27€78k€69k▼
Land and buildings22€72k€64k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€129k€94k▼
Amounts receivable within one year40/41€55k€20k▼
Trade receivables40€25k€20k▼
Other amounts receivable41€29k€0▼
Cash at bank and in hand54/58€31k€23k▼
Deferred charges and accrued income490/1€43k€51k▲
Equity and liabilities
Total equity and liabilities10/49€207k€163k▼
Equity10/15€58k€21k▼
Contributions10/11€6k€6k=
Reserves13€56k€14k▼
Distributable reserves133€56k€14k▼
Profit (loss) carried forward14€-5k€0▲
Amounts payable17/49€149k€142k▼
Amounts payable after more than one year17€92k€72k▼
Financial debts170/4€92k€72k▼
Amounts payable within one year42/48€55k€67k▲
Current portion of amounts payable after more than one year42€19k€20k▲
Financial debts43€2€327▲
Credit institutions430/8€2€327▲
Trade debts44€18k€18k▲
Suppliers440/4€18k€18k▲
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€18k€13k▼
Other amounts payable47/48-€16k
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Non-recurring operating income76A€31k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€73k€55k▼
Operating profit (loss)9901€61k€44k▼
Financial income75/76B€1k€150▼
Recurring financial income75€1k€150▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€57k€38k▼
Income taxes67/77€6k€21k▲
Profit (loss) for the period9904€51k€17k▼
Profit (loss) for the period to be appropriated9905€51k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€13k▲
Profit (loss) brought forward from the previous period14P€-55k€-5k▲
Transfer from equity791/2€5k€54k▲
Transfer to equity691/2-€13k
To other reserves6921-€13k
Profit to be distributed694/7€5k€54k▲
Return on contributions (dividend)694€5k€54k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €51k ▲100%
Operating result €61k, net result €51k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-81k ▼304%
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pater Beckstraat(Kor) 268500 KortrijkGround area
193 m²
Building footprint
88 m²
Volume, LiDAR
748 m³
Parcel 34022E0138/00X005, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Goethals Alex
since 20052.148.266.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0138/00X005 | Flanders | 193 m² | 1 · 88 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
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DW PENSAERT
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NIMO
BE 0539.743.533
Kruisem · Eq €20k
MAJOSIE
BE 0798.245.761
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APIX
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Mont-Saint-Guibert · Eq €21k
Of 1,745 companies in sector 46150 we hold annual accounts for 757. 471 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2005
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
51150
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
47591Retail trade
51471
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.