GOLF 4000

Active

Private limited companyfounded 20215 yrs activeAvenue du Stade 11, 5590 Ciney, BelgiumKBO/BCE: BE 0767.663.740

Summary

The computed 12-month bankruptcy probability of GOLF 4000 is 1.8% (moderate). The 2025 annual accounts show equity of €113k and a net result of €19k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 18400 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

GOLF 4000ActiveChecked score 57/100

Risk analysis Report Compare

Checked score

Score 2025

57 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▲+17

Solvency60▲+4

Growth52=

Track record94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 1.54 against 1.53 in 2024; short-term debt: 49.1% and cash: 13.2% of total assets), but 64.6% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Retail trade (NACE 47)

about 45% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

35.4%

Return on assets

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

50 d early

2024

189 d late

2023

146 d early

2022

80 d early

2021

20 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€113k▲ 8.8%

2024 · €104k

2021: €35klowest in 5 years 2022: €86k▲ +147% vs 2021 2023: €104k▲ +20.0% vs 2022 2024: €104k● +0.0% vs 2023 2025: €113k▲ +8.8% vs 2024highest in 5 years

2021 → 2025

Total assets

€318k▼ 5.4%

2024 · €336k

2021: €306klowest in 5 years 2022: €337k▲ +10.1% vs 2021 2023: €365k▲ +8.4% vs 2022highest in 5 years 2024: €336k▼ -8.0% vs 2023 2025: €318k▼ -5.4% vs 2024

2021 → 2025

Net result

€19k▲ 314%

2024 · €5k

2021: €25k 2022: €51k▲ +106% vs 2021highest in 5 years 2023: €41k▼ -19.7% vs 2022 2024: €5k▼ -88.8% vs 2023lowest in 5 years 2025: €19k▲ +314% vs 2024

2021 → 2025

Working capital

€84k▲ 0.2%

2024 · €83k

2021: €45klowest in 5 years 2022: €95k▲ +109% vs 2021 2023: €97k▲ +2.7% vs 2022highest in 5 years 2024: €83k▼ -14.4% vs 2023 2025: €84k▲ +0.2% vs 2024

2021 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€35k-€86k▲ 147%€104k▲ 20.0%€104k=€113k▲ 8.8% 2021: €35klowest in 5 years 2022: €86k▲ +147% vs 2021 2023: €104k▲ +20.0% vs 2022 2024: €104k● +0.0% vs 2023 2025: €113k▲ +8.8% vs 2024highest in 5 years

Operating result€35k-€63k▲ 83.0%€56k▼ 11.0%€13k▼ 76.1%€32k▲ 140% 2021: €35k 2022: €63k▲ +83.0% vs 2021highest in 5 years 2023: €56k▼ -11.0% vs 2022 2024: €13k▼ -76.1% vs 2023lowest in 5 years 2025: €32k▲ +140% vs 2024

Net result€25k-€51k▲ 106%€41k▼ 19.7%€5k▼ 88.8%€19k▲ 314% 2021: €25k 2022: €51k▲ +106% vs 2021highest in 5 years 2023: €41k▼ -19.7% vs 2022 2024: €5k▼ -88.8% vs 2023lowest in 5 years 2025: €19k▲ +314% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 140% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €318k

24.7%

75.3%

Fixed assets €78k ▼ 16.7%

Current assets €240k ▼ 1.0%

Equity and liabilities €318k

35.4%

64.6%

Equity €113k ▲ 8.8%

Debt €205k ▼ 11.7%

Debt's share of the balance-sheet total falls from 69.2% to 64.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€53k▲

2024 · €37k

Cash flow

€40k▲

2024 · €28k

Current ratio

1.54▲

2024 · 1.53

Quick ratio

0.35▲

2024 · 0.22

Debt to equity

1.82▼

2024 · 2.24

ROE

17.0%▲

2024 · 4.5%

ROA

6.0%▲

2024 · 1.4%

Interest coverage

4.96▲

2024 · 3.62

Debt ≤ 1 year

€156k▼

2024 · €159k

Debt > 1 year

€49k▼

2024 · €74k

Income taxes

€8k▲

2024 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Balance sheet Code20242025

Assets

Total assets20/58€336k€318k▼

Fixed assets21/28€94k€78k▼

Intangible fixed assets21€74k€60k▼

Tangible fixed assets22/27€20k€18k▼

Plant, machinery and equipment23€17k€18k▲

Furniture and vehicles24€3k€621▼

Current assets29/58€242k€240k▼

Stocks and contracts in progress3€207k€184k▼

Stocks30/36€207k€184k▼

Amounts receivable within one year40/41€3k€12k▲

Trade receivables40€2k€12k▲

Other amounts receivable41€83-

Cash at bank and in hand54/58€29k€42k▲

Deferred charges and accrued income490/1€3k€1k▼

Equity and liabilities

Total equity and liabilities10/49€336k€318k▼

Equity10/15€104k€113k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€94k€103k▲

Amounts payable17/49€232k€205k▼

Amounts payable after more than one year17€74k€49k▼

Financial debts170/4€74k€49k▼

Amounts payable within one year42/48€159k€156k▼

Current portion of amounts payable after more than one year42€24k€25k▲

Trade debts44€28k€22k▼

Suppliers440/4€28k€22k▼

Advances received on contracts in progress46€9k€9k▲

Taxes, remuneration and social security45€40k€39k▼

Taxes450/3€40k€39k▼

Other amounts payable47/48€57k€61k▲

Accrued charges and deferred income492/3€46€21▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€21k▼

Other operating charges640/8€4k€3k▼

Gross operating margin9900€41k€56k▲

Operating profit (loss)9901€13k€32k▲

Financial income75/76B€4k€5k▲

Recurring financial income75€4k€5k▲

Financial charges65/66B€10k€11k▲

Recurring financial charges65€10k€11k▲

Profit (loss) for the period before taxes9903€7k€27k▲

Income taxes67/77€3k€8k▲

Profit (loss) for the period9904€5k€19k▲

Profit (loss) for the period to be appropriated9905€5k€19k▲

Appropriation of the result

Profit (loss) to be appropriated9906€98k€113k▲

Profit (loss) brought forward from the previous period14P€94k€94k=

Profit to be distributed694/7€5k€10k▲

Return on contributions (dividend)694€5k€10k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€14k	€22k	€24k	€24k	€21k	▼ 12.5%
Other operating charges640/8	-	€2k	€464	€4k	€3k	▼ 26.4%
Gross operating margin9900	€49k	€87k	€81k	€41k	€56k	▲ 36.7%
Operating profit (loss)9901	€35k	€63k	€56k	€13k	€32k	▲ 140%
Financial income75/76B	€3k	€8k	€4k	€4k	€5k	▲ 29.1%
Recurring financial income75	€3k	€8k	€4k	€4k	€5k	▲ 29.1%
Financial charges65/66B	€6k	€6k	€7k	€10k	€11k	▲ 4.2%
Recurring financial charges65	€6k	€6k	€7k	€10k	€11k	▲ 4.2%
Profit (loss) for the period before taxes9903	€31k	€65k	€53k	€7k	€27k	▲ 264%
Income taxes67/77	€6k	€14k	€12k	€3k	€8k	▲ 183%
Profit (loss) for the period9904	€25k	€51k	€41k	€5k	€19k	▲ 314%
Profit (loss) for the period to be appropriated9905	€25k	€51k	€41k	€5k	€19k	▲ 314%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€306k	€337k	€365k	€336k	€318k	▼ 5.4%
Formation expenses20	€356	-	-	-	-	-
Fixed assets21/28	€135k	€114k	€104k	€94k	€78k	▼ 16.7%
Intangible fixed assets21	€122k	€106k	€90k	€74k	€60k	▼ 18.8%
Tangible fixed assets22/27	€13k	€8k	€15k	€20k	€18k	▼ 8.9%
Plant, machinery and equipment23	€4k	€2k	€526	€17k	€18k	▲ 3.2%
Furniture and vehicles24	€9k	€5k	€14k	€3k	€621	▼ 79.2%
Current assets29/58	€171k	€223k	€261k	€242k	€240k	▼ 1.0%
Stocks and contracts in progress3	€122k	€196k	€208k	€207k	€184k	▼ 11.0%
Stocks30/36	€122k	€196k	€208k	€207k	€184k	▼ 11.0%
Amounts receivable within one year40/41	€7k	€4k	€6k	€3k	€12k	▲ 367%
Trade receivables40	€7k	€4k	€6k	€2k	€12k	▲ 383%
Other amounts receivable41	-	-	-	€83	-	-
Cash at bank and in hand54/58	€38k	€22k	€42k	€29k	€42k	▲ 43.7%
Deferred charges and accrued income490/1	€4k	€1k	€4k	€3k	€1k	▼ 58.4%
Equity and liabilities
Total equity and liabilities10/49	€306k	€337k	€365k	€336k	€318k	▼ 5.4%
Equity10/15	€35k	€86k	€104k	€104k	€113k	▲ 8.8%
Contributions10/11	€10k	€10k	€10k	€10k	€10k	=
Reserves13	€25k	€76k	-	-	-	-
Distributable reserves133	€25k	€76k	-	-	-	-
Profit (loss) carried forward14	-	-	€94k	€94k	€103k	▲ 9.8%
Amounts payable17/49	€271k	€251k	€262k	€232k	€205k	▼ 11.7%
Amounts payable after more than one year17	€146k	€122k	€98k	€74k	€49k	▼ 33.3%
Financial debts170/4	€146k	€122k	€98k	€74k	€49k	▼ 33.3%
Amounts payable within one year42/48	€125k	€129k	€164k	€159k	€156k	▼ 1.6%
Current portion of amounts payable after more than one year42	€24k	€25k	€25k	€24k	€25k	▲ 1.3%
Trade debts44	€8k	€6k	€17k	€28k	€22k	▼ 21.2%
Suppliers440/4	€8k	€6k	€17k	€28k	€22k	▼ 21.2%
Advances received on contracts in progress46	€9k	€6k	€7k	€9k	€9k	▲ 2.7%
Taxes, remuneration and social security45	€24k	€45k	€47k	€40k	€39k	▼ 4.1%
Taxes450/3	€24k	€45k	€47k	€40k	€39k	▼ 4.1%
Other amounts payable47/48	€60k	€47k	€68k	€57k	€61k	▲ 8.0%
Accrued charges and deferred income492/3	€78	€68	€137	€46	€21	▼ 53.8%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€25k	€51k	€41k	€5k	€19k	▲ 314%
+ Depreciation and write-downs630	€14k	€22k	€24k	€24k	€21k	▼ 12.5%
Operating cash flow (approximation)	€39k	€73k	€66k	€28k	€40k	▲ 40.9%
Investment in fixed assets (approximation)	-	€-356	€-15k	€-13k	€-5k	▲ 62.6%
Change in cash	-	€-15k	€20k	€-13k	€13k	▲ 199%

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

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

05-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 189 days late

2024

31-12

Financial Weakest financial yearnet €5k ▼88.8%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

07-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €100kEq €104k ▲20%

3 profitable years in a row build equity to €104k.

12-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €51k ▲106%

Operating result €63k, net result €51k, both a record.

11-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Ciney · 1 establishment unit since 2021

exact location from the address register On OpenStreetMap

Ground area

896 m²

Building footprint

245 m²

Parcel 91030D0167/00T012, Wallonia. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 establishment unit

GOLF 4000

Bld Frankignoul 3, 4020 LiègeWholesale trade

since 20212.316.922.697

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91030D0167/00T012	Wallonia	896 m²	1 · 245 m²	-

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.

Similar companies · same sector, comparable size

Green Impact Management

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TN Cyclo

BE 0763.803.833

Tremelo · Eq €111k

Of 1,315 companies in sector 47639 we hold annual accounts for 624. 506 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded29-04-2021

Fiscal year end31-12

Activities, NACEBEL 2025

47639Retail sale of other sporting goods

46150Agents in the wholesale of furniture, household goods and hardware

46190Agents in non-specialised wholesale trade

46423Wholesale of clothing, excluding workwear and underwear

46496Wholesale trade

47716Retail sale of clothing and accessories for women, men, children and babies (general range)

Contact

E-mail infogolf4000@gmail.com

Scores and ratios are computed by Checked and are not a credit decision.