GOLF CO RE
ActiveSummary
GOLF CO RE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €257k and a net result of €6k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 92% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-1
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.34 in 2023; short-term debt: 7.7% and cash: 0% of total assets), and 7.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
23 d early
2022
21 d early
2021
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€257k▲ 2.4%
2023 · €251k
2021: €248k
2022: €244k
2023: €251k
2021 → 2024
Total assets
€278k▲ 4.9%
2023 · €265k
2021: €250k
2022: €253k
2023: €265k
2021 → 2024
Net result
€6k▼ 14.7%
2023 · €7k
2021: €-2k
2022: €-5k
2023: €7k
2021 → 2024
Working capital
€-15k▼ 59.2%
2023 · €-10k
2021: €249k
2022: €244k
2023: €-10k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€248k-€244k▼ 1.9%€251k▲ 3.0%€257k▲ 2.4%
Operating result€-3k-€-12k▼ 239%€-8k▲ 32.9%€-8k▼ 3.1%
Net result€-2k-€-5k▼ 163%€7k€6k▼ 14.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2024 against €8k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278k
Fixed assets
€272k ▲ 4.6%
Current assets
€6k ▲ 21.2%
Equity and liabilities €278k
Equity
€257k ▲ 2.4%
Debt
€22k ▲ 46.1%
Debt's share of the balance-sheet total rises from 5.6% to 7.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.29▼
2023 · 0.34
Debt to equity
0.08▲
2023 · 0.06
ROE
2.4%▼
2023 · 2.9%
ROA
2.2%▼
2023 · 2.7%
Debt ≤ 1 year
€22k▲
2023 · €15k
Income taxes
€2k▲
2023 · €270
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 · 2024 against 2023 · 30 lines
Balance sheet
Code20232024
Assets
Total assets20/58€265k€278k▲
Fixed assets21/28€260k€272k▲
Financial fixed assets28€260k€272k▲
Current assets29/58€5k€6k▲
Amounts receivable within one year40/41€5k€6k▲
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€547€6▼
Equity and liabilities
Total equity and liabilities10/49€265k€278k▲
Equity10/15€251k€257k▲
Contributions10/11€250k€250k=
Profit (loss) carried forward14€743€7k▲
Amounts payable17/49€15k€22k▲
Amounts payable within one year42/48€15k€22k▲
Trade debts44€14k€19k▲
Suppliers440/4€14k€19k▲
Taxes, remuneration and social security45€270€3k▲
Taxes450/3€270€3k▲
Income statement
Code20232024
Other operating charges640/8€499€513▲
Gross operating margin9900€-7k€-8k▼
Operating profit (loss)9901€-8k€-8k▼
Financial income75/76B€16k€17k▲
Recurring financial income75€16k€17k▲
Financial charges65/66B€337€297▼
Recurring financial charges65€337€297▼
Profit (loss) for the period before taxes9903€7k€8k▲
Income taxes67/77€270€2k▲
Profit (loss) for the period9904€7k€6k▼
Profit (loss) for the period to be appropriated9905€7k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€743€7k▲
Profit (loss) brought forward from the previous period14P€-6k€743▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ieper · 1 establishment unit since 2021
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.
Zwaanhofweg 108900 IeperGround area
5,629 m²
Building footprint
1,997 m²
Volume, LiDAR
14,036 m³
Parcel 33305B1021/00D002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GOLF CO RE
since 20212.332.793.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1021/00D002 | Flanders | 5,629 m² | 1 · 1,997 m² | 8.8 m · 2 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.
Similar companies · same sector, comparable size
GOLF MICE RE
BE 0773.736.732
Ieper · Eq €256,905
GOLF AMENITIES RE
BE 0773.738.217
Ieper · Eq €256,813
GOLF HOTEL RE
BE 0773.737.326
Ieper · Eq €256,963
ANTÉMA
BE 0744.576.552
Fosses-la-Ville · Eq €256,690
GOLF HOTEL UNITS RE
BE 0773.737.821
Ieper · Eq €256,675
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,234 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 formPrivate limited company
Founded10-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.