Financials
- Fiscal year
- 2024
- Total assets
- €20,127
- Loss
- -€9,202
- Solvency
- -488.1%
Total assets▼ 24.2%
Net result
20182024
GOLDEN SPA
ActiveSummary
The computed 12-month bankruptcy probability of GOLDEN SPA is 5.1% (elevated). The 2024 annual accounts show negative equity (-€98,236) and a net result of -€9,202. Equity is shrinking by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 6% of 6162 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Day spas, saunas and steam baths
NACE 96230NACE 96040
1 site
Size
€20,127total assets 2024
- Equity
- -€98,236
- Loss
- -€9,202
Turnover not published (abridged schema)
Structure
Accounts 63 d overdue0 of 3 deeds read
Why 35- Figures for FY 2024 (filed 02-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late- Founded in 2017+ Size: total assets €20,127Show the evidence
Checked score
Score 2024
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 15% of its sector peers (NACE 96, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -488.1% of total assets
Liquidity
11+3
short-term debt 588.1% · cash 8.9%
Profitability
0=
return on assets -45.7%
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 8 months
03-2026: 2.8%
04-2026: 2.8%▲ +0.5% vs 03-2026
05-2026: 2.7%▼ -1.8% vs 04-2026
06-2026: 2.6%▼ -2.7% vs 05-2026
07-2026: 2.6%▼ -1.4% vs 06-2026lowest value
08-2026: 3.3%▲ +25.3% vs 07-2026
09-2026: 3.5%▲ +8.0% vs 08-2026
10-2026: 5.1%▲ +44.6% vs 09-2026highest value
- Figures for FY 2024 (filed 02-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 3 of the last 3 late raises the probability
- Size: total assets €20,127 lowers the probability for this profile
- Founded in 2017 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.02 against 0.02 in 2023; short-term debt: 588.1% and cash: 8.9% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 96, micro). Better than this share of them on solvency 11%, liquidity 10%, profitability 8%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€98,236
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
55 d late
2022
121 d late
2021
141 d late
2020
18 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 69 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2019
- 29-09-2025Annual accounts filed
- 24-09-2024Annual accounts filed
- 29-11-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Day spas, saunas and steam bathsNACE 96230
- Founded
- 04-12-2017
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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