GOFRE

Active

Private limited companyfounded 2000active for 25 yearsPaddebroeken 107, 1745 Opwijk, BelgiumKBO/BCE: BE 0473.439.677

Summary

The annual accounts of GOFRE for financial year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €50,558 and a net result of -€76,189. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 18% of 9,816 sector peers (NACE 43, financial year 2025). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow Report Compare

GOFREActiveChecked score 53/100

Risk analysis Report Compare

Activity

Insulation installation

NACE 43230

1 site

Size

€295,383total assets 2025

Equity: €50,558
Loss: -€76,189

Turnover not published (abbreviated or micro format)

Financial health

53 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.1%

Structure

Frederik VerdoolaegeDirector

2025 accounts 32 days early1 of 2 deeds summarised

Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €76,189, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)Equity €50,558 (17.1% of total assets)lowers riskSize: total assets €295,383Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 20% of its sector peers (NACE 43, micro)

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 42-13

equity 17.1% of total assets

Liquidity 53+4

short-term debt 14.2% · cash 4.9%

Profitability 0-27

return on assets -25.8%

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.7% (47,644 companies, NACE 43, micro)

Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%▲ +0.4 percentage points vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.8%▼ -0.1 percentage points vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 1.3%▲ +0.4 percentage points vs 07-2026 09-2026: 1.4%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.1%▼ -0.3 percentage points vs 09-2026

Credit of up to €2,500 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 2.05, compared with 1.25 in 2024, above the usual 1.5; short-term debt: 14.2% and cash: 4.9% of total assets), but 82.9% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 19% on solvency, 49% on liquidity, 4% on profitability and 7% on growth.

The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Loss of €76,189, the second in a row (financial year 2025)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Size: total assets €295,383

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €50,558 (17.1% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€76,189

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9816 sector peers (2025).

NBB · sector comparison

Position among 9816 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

32 days early

2024

22 days late

2023

22 days late

2022

32 days early

2021

24 days late

2020

7 days early

2019

1 day early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 August (5 of the last 5 filed years within 54 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-12-2025 Weakest financial yearnet -€76,189
22-08-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Caution: Among the weakest 5% on net resultsector median €26,992 · 9,808 companies -€76,189 View
Caution: Equity fell in 2025from €126,747 to €50,558 ▼ 60.1% View
Caution: 2 loss-making years in a rowloss financial year 2025 -€76,189 View

By topic

Financials

Financial year: 2025
Total assets: €295,383
Loss: -€76,189
Solvency: 17.1%

Total assets▼ 30.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member

Frederik VerdoolaegeDirector

Go to Board & ownership

Timeline

Events: 30
Since: 2002
Next accounts: by 31-07-2027

18-12-2024Resignation: Frederik Verdoolaege (manager)
22-08-2024Annual accounts filed
31-12-2023Equity above €150,000

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Insulation installationNACE 43230
Founded: 06-12-2000
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 26

Annual meeting: First Monday of June at 19:00
Purpose: “Het onderhoud en afregelen van verwarmingsinstallaties gevoed met vloeibare brandstoffen…” (deed in Dutch)

Go to Articles of association

Key facts about GOFRE

What is the company number of GOFRE?: 0473.439.677. In Belgium the VAT number is the company number with BE in front: BE 0473.439.677.
Where is GOFRE based?: The registered office is at Paddebroeken 107, 1745 Opwijk.Company details
What does GOFRE do?: According to the KBO register, the main activity is insulation installation (NACE 43230).
What is the legal form of GOFRE?: Private limited company (BV).
When was GOFRE founded?: On 06-12-2000.
Is GOFRE still active?: Yes, GOFRE is an active enterprise in the KBO register.
What is the turnover of GOFRE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GOFRE profitable?: In financial year 2025, GOFRE made a loss of €76,189.
Where can I find the annual accounts of GOFRE?: GOFRE filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GOFRE due?: By 31-07-2027, for financial year 2026.Timeline