GOLDFIRE
ActiveSummary
GOLDFIRE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254,932 and a net result of -€42,587. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 71% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▲+6
Solvency88▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 4.12 in 2024; short-term debt: 36.6% and cash: 4.4% of total assets), and 36.6% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€42,587
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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
4 d late
2024
on the day
2023
57 d early
2022
24 d late
2021
30 d early
2020
65 d early
2019
46 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€42,587▲ 57.3%
2024 · -€99,831
Working capital
€240,010▼ 11.9%
2024 · €272,557
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€166,799▲ 160%-€43,984-€225,288▼ 412%-€96,659▲ 57.1%-€38,098▲ 60.6%
Net result€166,415▲ 161%-€44,760-€226,734▼ 407%-€99,831▲ 56.0%-€42,587▲ 57.3%
Equity€668,844▲ 33.1%€624,084▼ 6.7%€397,350▼ 36.3%€297,519▼ 25.1%€254,932▼ 14.3%
Total assets€799,570▲ 21.3%€721,784▼ 9.7%€473,249▼ 34.4%€389,428▼ 17.7%€402,191▲ 3.3%
Debt€130,726▼ 16.6%€97,700▼ 25.3%€75,899▼ 22.3%€91,909▲ 21.1%€147,259▲ 60.2%
Working capital€646,983▲ 31.5%€583,988▼ 9.7%€364,661▼ 37.6%€272,557▼ 25.3%€240,010▼ 11.9%
Staff (FTE)6.8▼ 24.4%5.8▼ 14.7%5▼ 13.8%4.1▼ 18.0%4▼ 2.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38,098 in 2025 against €96,659 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,191
Fixed assets
€14,922 ▼ 49.4%
Current assets
€387,269 ▲ 7.6%
Equity and liabilities €402,191
Equity
€254,932 ▼ 14.3%
Debt
€147,259 ▲ 60.2%
Debt's share of the balance-sheet total rises from 23.6% to 36.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€23,555▲
2024 · -€81,381
Cash flow
-€28,044▲
2024 · -€84,553
Current ratio
2.63▼
2024 · 4.12
Quick ratio
2.40▼
2024 · 3.73
Debt to equity
0.58▲
2024 · 0.31
ROE
-16.7%▲
2024 · -33.6%
ROA
-10.6%▲
2024 · -25.6%
Interest coverage
-6.54▲
2024 · -34.48
Debt ≤ 1 year
€147,259▲
2024 · €87,406
Income taxes
€939▲
2024 · €857
Staff costs
€229,075▼
2024 · €265,932
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €341,927 | €313,860 | €318,453 | €265,932 | €229,075 | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,386 | €11,996 | €15,429 | €15,278 | €14,543 | ▼ 4.8% |
| Other operating charges640/8 | €1,207 | €1,311 | €3,243 | €4,504 | €3,916 | ▼ 13.1% |
| Gross operating margin9900 | €516,319 | €283,184 | €111,836 | €189,054 | €209,436 | ▲ 10.8% |
| Operating profit (loss)9901 | €166,799 | -€43,984 | -€225,288 | -€96,659 | -€38,098 | ▲ 60.6% |
| Financial income75/76B | €12 | €218 | €64 | €46 | €51 | ▲ 10.6% |
| Recurring financial income75 | €12 | €218 | €64 | €46 | €51 | ▲ 10.6% |
| Financial charges65/66B | €233 | €800 | €1,068 | €2,360 | €3,600 | ▲ 52.6% |
| Recurring financial charges65 | €233 | €800 | €1,068 | €2,360 | €3,600 | ▲ 52.6% |
| Profit (loss) for the period before taxes9903 | €166,578 | -€44,566 | -€226,293 | -€98,974 | -€41,648 | ▲ 57.9% |
| Income taxes67/77 | €163 | €194 | €441 | €857 | €939 | ▲ 9.6% |
| Profit (loss) for the period9904 | €166,415 | -€44,760 | -€226,734 | -€99,831 | -€42,587 | ▲ 57.3% |
| Profit (loss) for the period to be appropriated9905 | €166,415 | -€44,760 | -€226,734 | -€99,831 | -€42,587 | ▲ 57.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €799,570 | €721,784 | €473,249 | €389,428 | €402,191 | ▲ 3.3% |
| Fixed assets21/28 | €21,861 | €59,492 | €44,743 | €29,465 | €14,922 | ▼ 49.4% |
| Tangible fixed assets22/27 | €21,721 | €59,352 | €44,603 | €29,325 | €14,782 | ▼ 49.6% |
| Furniture and vehicles24 | €19,548 | €58,144 | €43,883 | €29,093 | €14,782 | ▼ 49.2% |
| Other tangible fixed assets26 | €2,173 | €1,208 | €720 | €232 | - | - |
| Financial fixed assets28 | €140 | €140 | €140 | €140 | €140 | = |
| Current assets29/58 | €777,709 | €662,292 | €428,507 | €359,964 | €387,269 | ▲ 7.6% |
| Amounts receivable after more than one year29 | - | - | €50,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | €50,000 | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €34,252 | €34,252 | €34,252 | €34,252 | €34,252 | = |
| Stocks30/36 | €34,252 | €34,252 | €34,252 | €34,252 | €34,252 | = |
| Amounts receivable within one year40/41 | €353,940 | €361,200 | €212,817 | €185,934 | €218,589 | ▲ 17.6% |
| Trade receivables40 | €345,529 | €328,131 | €203,099 | €180,696 | €217,723 | ▲ 20.5% |
| Other amounts receivable41 | €8,410 | €33,068 | €9,719 | €5,238 | €866 | ▼ 83.5% |
| Current investments50/53 | €5,782 | €5,783 | €5,783 | €5,821 | €5,860 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €368,853 | €245,371 | €110,467 | €29,696 | €17,768 | ▼ 40.2% |
| Deferred charges and accrued income490/1 | €14,881 | €15,687 | €15,188 | €4,261 | €10,800 | ▲ 153% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €799,570 | €721,784 | €473,249 | €389,428 | €402,191 | ▲ 3.3% |
| Equity10/15 | €668,844 | €624,084 | €397,350 | €297,519 | €254,932 | ▼ 14.3% |
| Contributions10/11 | €739,086 | €739,086 | €739,086 | €739,086 | €739,086 | = |
| Capital10 | €482,400 | €482,400 | €482,400 | €482,400 | €482,400 | = |
| Issued capital100 | €482,400 | €482,400 | €482,400 | €482,400 | €482,400 | = |
| Outside capital11 | €256,686 | €256,686 | €256,686 | €256,686 | €256,686 | = |
| Share premium1100/10 | €256,686 | €256,686 | €256,686 | €256,686 | €256,686 | = |
| Profit (loss) carried forward14 | -€70,242 | -€115,002 | -€341,736 | -€441,567 | -€484,154 | ▼ 9.6% |
| Amounts payable17/49 | €130,726 | €97,700 | €75,899 | €91,909 | €147,259 | ▲ 60.2% |
| Amounts payable after more than one year17 | - | €19,396 | €12,054 | €4,503 | - | - |
| Financial debts170/4 | - | €19,396 | €12,054 | €4,503 | - | - |
| Amounts payable within one year42/48 | €130,726 | €78,304 | €63,845 | €87,406 | €147,259 | ▲ 68.5% |
| Current portion of amounts payable after more than one year42 | - | €7,142 | €7,342 | €7,551 | €4,503 | ▼ 40.4% |
| Financial debts43 | €12 | €234 | €67 | €245 | €459 | ▲ 87.5% |
| Credit institutions430/8 | €12 | €234 | €67 | €245 | €459 | ▲ 87.5% |
| Trade debts44 | €7,631 | €11,152 | €7,245 | €25,616 | €50,841 | ▲ 98.5% |
| Suppliers440/4 | €7,631 | €11,152 | €7,245 | €25,616 | €50,841 | ▲ 98.5% |
| Taxes, remuneration and social security45 | €104,724 | €59,775 | €49,191 | €53,994 | €91,455 | ▲ 69.4% |
| Taxes450/3 | €68,716 | €33,738 | €20,603 | €16,453 | €37,492 | ▲ 128% |
| Remuneration and social security454/9 | €36,009 | €26,037 | €28,588 | €37,541 | €53,963 | ▲ 43.7% |
| Other amounts payable47/48 | €18,359 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €166,415 | -€44,760 | -€226,734 | -€99,831 | -€42,587 | ▲ 57.3% |
| + Depreciation and write-downs630 | €6,386 | €11,996 | €15,429 | €15,278 | €14,543 | ▼ 4.8% |
| Operating cash flow (approximation) | €172,801 | -€32,763 | -€211,305 | -€84,553 | -€28,044 | ▲ 66.8% |
| Investment in fixed assets (approximation) | - | -€49,627 | -€679 | €0 | €0 | - |
| Change in cash | - | -€123,483 | -€134,904 | -€80,770 | -€11,928 | ▲ 85.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€226,734
Net result drops to -€226,734, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €166,415 ▲161%
Operating result €166,799, net result €166,415, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €502,429 ▲14.5%
2 profitable years in a row build equity to €502,429.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €124,503
Net result €124,503 after one loss-making year.
30-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
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.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Vorst · 1 establishment unit since 2004
Ground area
2,946 m²
Building footprint
1,047 m²
Volume, LiDAR
6,384 m³
Parcel 21384D0001/00Y004, Brussels · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GOLDFIRE
since 20042.134.902.494
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0001/00Y004 | Brussels | 2,946 m² | 1 · 1,047 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,994 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Phone
02/726.65.00Vorst
Scores and ratios are computed by Checked and are not a credit decision.