GOLAZO SPORTS
ActiveSummary
GOLAZO SPORTS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.53M and a net result of €7.42M. Equity is shrinking by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+10
Solvency30▼-8
Growth54=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.82 in 2024; short-term debt: 83.3% and cash: 24.7% of total assets), and 95.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
4.8%
Return on assets
23.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 3187 sector peers (2025).
NBB · sector comparisonPosition among 3187 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-05-2026, 82 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
82 d early
2024
65 d early
2023
65 d early
2022
68 d early
2021
31 d early
2020
24 d early
2019
13 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€50.02M▲ 2.9%
2024 · €48.61M
2018: €37.89M
2019: €39.38M
2020: €12.72M
2021: €31.32M
2022: €43.91M
2023: €39.60M
2024: €48.61M
2018 → 2025
EBIT margin
16.1%▲ 4.0pp
2024 · 12.1%
2018: 16.8%
2019: 11.9%
2020: -31.1%
2021: 18.8%
2022: 10.4%
2023: 10.6%
2024: 12.1%
2018 → 2025
Net result
€7.42M▲ 31.0%
2024 · €5.67M
2018: €4.67M
2019: €3.28M
2020: €-2.89M
2021: €4.34M
2022: €4.58M
2023: €3.15M
2024: €5.67M
2018 → 2025
Working capital
€-7.59M▼ 97.3%
2024 · €-3.85M
2018: €14.83M
2019: €15.01M
2020: €13.43M
2021: €15.97M
2022: €-4.64M
2023: €-5.30M
2024: €-3.85M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31.32M-€43.91M▲ 40.2%€39.60M▼ 9.8%€48.61M▲ 22.8%€50.02M▲ 2.9%
Equity€27.43M-€7.43M▼ 72.9%€3.98M▼ 46.5%€3.97M▼ 0.3%€1.53M▼ 61.4%
Operating result€5.89M-€4.55M▼ 22.7%€4.20M▼ 7.8%€5.88M▲ 40.1%€8.04M▲ 36.7%
Net result€4.34M-€4.58M▲ 5.6%€3.15M▼ 31.3%€5.67M▲ 79.9%€7.42M▲ 31.0%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.95M
Fixed assets
€12.92M ▲ 0.8%
Current assets
€19.03M ▲ 7.8%
Equity and liabilities €31.95M
Equity
€1.53M ▼ 61.4%
Debt
€30.42M ▲ 14.8%
Debt's share of the balance-sheet total rises from 87.0% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8.95M▲
2024 · €6.72M
Cash flow
€8.34M▲
2024 · €6.50M
Current ratio
0.71▼
2024 · 0.82
Debt to equity
19.87▲
2024 · 6.68
ROE
484.9%▲
2024 · 142.8%
ROA
23.2%▲
2024 · 18.6%
Interest coverage
5426.18▲
2024 · 2102.24
Debt ≤ 1 year
€26.62M▲
2024 · €21.50M
Income taxes
€2.13M▲
2024 · €1.74M
Staff costs
€4.17M▲
2024 · €3.89M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 79 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30.47M€31.95M▲
Fixed assets21/28€12.82M€12.92M▲
Intangible fixed assets21€1.96M€1.71M▼
Tangible fixed assets22/27€1.48M€1.56M▲
Plant, machinery and equipment23€88k€47k▼
Furniture and vehicles24€1.26M€1.40M▲
Other tangible fixed assets26€127k€109k▼
Financial fixed assets28€9.39M€9.65M▲
Affiliated companies280/1€9.36M€9.63M▲
Participating interests280€9.36M€9.63M▲
Other financial fixed assets284/8€27k€27k=
Amounts receivable and cash guarantees285/8€27k€27k=
Current assets29/58€17.65M€19.03M▲
Amounts receivable within one year40/41€12.90M€10.08M▼
Trade receivables40€11.91M€8.79M▼
Other amounts receivable41€984k€1.29M▲
Cash at bank and in hand54/58€3.41M€7.88M▲
Deferred charges and accrued income490/1€1.35M€1.07M▼
Equity and liabilities
Total equity and liabilities10/49€30.47M€31.95M▲
Equity10/15€3.97M€1.53M▼
Contributions10/11€583k€583k=
Capital10€575k€575k=
Issued capital100€575k€575k=
Outside capital11€8k€8k=
Share premium1100/10€8k€8k=
Reserves13€3.38M€948k▼
Non-distributable reserves130/1€58k€58k=
Legal reserve130€58k€58k=
Tax-exempt reserves132-€842k
Distributable reserves133€3.33M€49k▼
Amounts payable17/49€26.51M€30.42M▲
Amounts payable within one year42/48€21.50M€26.62M▲
Trade debts44€7.91M€7.45M▼
Suppliers440/4€7.91M€7.45M▼
Advances received on contracts in progress46€2.68M€4.22M▲
Taxes, remuneration and social security45€2.07M€1.61M▼
Taxes450/3€1.66M€1.17M▼
Remuneration and social security454/9€411k€446k▲
Other amounts payable47/48€8.84M€13.34M▲
Accrued charges and deferred income492/3€5.00M€3.80M▼
Income statement
Code20242025
Operating income70/76A€51.42M€53.44M▲
Turnover70€48.61M€50.02M▲
Other operating income74€2.76M€3.39M▲
Non-recurring operating income76A€40k€27k▼
Operating charges60/66A€45.54M€45.40M▼
Goods for resale, raw materials and consumables60€33.60M€33.61M=
Purchases600/8€33.60M€33.61M=
Services and other goods61€6.45M€6.31M▼
Remuneration, social security and pensions62€3.89M€4.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€837k€916k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€556k€107k▼
Other operating charges640/8€34k€31k▼
Non-recurring operating charges66A€173k€269k▲
Operating profit (loss)9901€5.88M€8.04M▲
Financial income75/76B€1.76M€1.71M▼
Recurring financial income75€1.76M€1.71M▼
Income from financial fixed assets750€1.75M€1.66M▼
Income from current assets751€3k€32k▲
Other financial income752/9€9k€16k▲
Financial charges65/66B€241k€196k▼
Recurring financial charges65€241k€196k▼
Debt charges650€3k€2k▼
Other financial charges652/9€238k€194k▼
Profit (loss) for the period before taxes9903€7.40M€9.55M▲
Income taxes67/77€1.74M€2.13M▲
Taxes670/3€1.74M€2.13M▲
Profit (loss) for the period9904€5.67M€7.42M▲
Transfer from tax-exempt reserves789€120k-
Transfer to tax-exempt reserves689-€842k
Profit (loss) for the period to be appropriated9905€5.79M€6.58M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.79M€6.58M▲
Transfer from equity791/2-€3.28M
From reserves792-€3.28M
Transfer to equity691/2€109k-
To other reserves6921€109k-
Profit to be distributed694/7€5.68M€9.86M▲
Return on contributions (dividend)694€5.63M€9.80M▲
Employees696€51k€59k▲
Social balance
Average headcount (FTE)908755.458.0▲
The notes to these accounts (53 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
10-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €7.42M ▲31%
Operating result €8.04M, net result €7.42M, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €4.34M
Net result €4.34M after one loss-making year.
31-12
Financial
Equity above €25MEq €27.43M ▲18.8%
Equity rises from €23.09M to €27.43M.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-2.89M ▼188%
Net result drops to €-2.89M, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €25MEq €25.98M ▲14.5%
2 profitable years in a row build equity to €25.98M.
Show earlier events
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Beringen · 1 establishment unit since 1994
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.
Schoebroekstraat 83583 BeringenGround area
7,842 m²
Building footprint
3,460 m²
Volume, LiDAR
32,219 m³
Parcel 71049A0710/00B000, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Golazo Events
since 19942.050.502.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049A0710/00B000 | Flanders | 7,842 m² | 1 · 3,460 m² | 11.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 2,790,107 EUR awarded · 2,293,357 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,163,200 EUR | 843,200 EUR |
| 2024 | 3 | 851,414 EUR | 826,164 EUR |
| 2023 | 2 | 348,993 EUR | 361,993 EUR |
| 2022 | 1 | 426,500 EUR | 262,000 EUR |
Schemes
Subsidies voor (G-) sportevenementen
Event Flanders: projectsubsidies
Event Flanders: thematische projectoproep tot subsidiëring
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeringen2.050.502.103
Similar companies · same sector, comparable size
FIDES FORTUNA
BE 0724.646.022
Tienen · Eq €1,530,761
APPLICA
BE 0446.564.739
Brussel · Eq €1,530,740
PRAEMIUM
BE 0464.688.396
Roeselare · Eq €1,530,661
HAMLAND
BE 0456.733.408
Lokeren · Eq €1,531,353
Trapegeer
BE 0652.988.558
Waregem · Eq €1,530,159
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 23,154 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
93199Other sports activities
73110Advertising agencies
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.