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GoodSide

Active
Private limited companyfounded 20223 yrs activeRue du Houmier(RVX) 78, 4140 Sprimont, BelgiumKBO/BCE: BE 0794.113.957
Summary

GoodSide has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €109,941 and a net result of €60,456. Its solvency ranks better than 77% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+22
Growth78
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 6.25 against 1.84 in 2023; short-term debt: 11.1% and cash: 34.4% of total assets), and 19.2% of the assets are financed with debt.
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Signals

Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 28 November 2022, GoodSide was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€109,941▲ 119%
2023 · €50,285
Total assets
€136,104▲ 43.1%
2023 · €95,104
Net result
€60,456▲ 31.2%
2023 · €46,085
Working capital
€79,411▲ 229%
2023 · €24,146
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
Line20232024
Operating result€61,000-€77,566▲ 27.2%
Net result€46,085-€60,456▲ 31.2%
Equity€50,285-€109,941▲ 119%
Total assets€95,104-€136,104▲ 43.1%
Debt€44,818-€26,163▼ 41.6%
Working capital€24,146-€79,411▲ 229%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000€80,000Operating result 2023: €61,000€61,000Net result 2023: €46,085€46,085Operating result 2024: €77,566€77,566Net result 2024: €60,456€60,45620232024€0€20,000€40,000€60,000€80,000Operating result 2023: €61,000€61,000Net result 2023: €46,085€46,100Operating result 2024: €77,566€77,600Net result 2024: €60,456€60,50020232024
The operating result rises in 2024; 2024 is 27% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,104
Fixed assets €41,555 ▼ 1.9%
Current assets €94,549 ▲ 79.3%
Equity and liabilities €136,104
Equity €109,941 ▲ 119%
Debt €26,163 ▼ 41.6%
Debt's share of the balance-sheet total falls from 47.1% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€78,389▲
2023 · €63,082
Cash flow
€61,279▲
2023 · €48,167
Current ratio
6.25▲
2023 · 1.84
Debt to equity
0.24▼
2023 · 0.89
ROE
55.0%▼
2023 · 91.6%
ROA
44.4%▼
2023 · 48.5%
Interest coverage
38.83▲
2023 · 27.36
Debt ≤ 1 year
€15,138▼
2023 · €28,580
Debt > 1 year
€11,025▼
2023 · €16,000
Income taxes
€16,043▲
2023 · €12,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€95,104€136,104▲
Fixed assets21/28€42,378€41,555▼
Tangible fixed assets22/27€2,378€1,555▼
Other tangible fixed assets26€2,378€1,555▼
Financial fixed assets28€40,000€40,000=
Current assets29/58€52,725€94,549▲
Amounts receivable within one year40/41€31,405€46,364▲
Trade receivables40€30,856€21,456▼
Other amounts receivable41€550€24,908▲
Cash at bank and in hand54/58€21,320€46,770▲
Deferred charges and accrued income490/1-€1,414
Equity and liabilities
Total equity and liabilities10/49€95,104€136,104▲
Equity10/15€50,285€109,941▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€45,285€104,941▲
Amounts payable17/49€44,818€26,163▼
Amounts payable after more than one year17€16,000€11,025▼
Financial debts170/4€16,000€11,025▼
Amounts payable within one year42/48€28,580€15,138▼
Current portion of amounts payable after more than one year42€4,781€4,976▲
Trade debts44€769€2,356▲
Suppliers440/4€769€2,356▲
Taxes, remuneration and social security45€22,229€7,007▼
Taxes450/3€22,229€7,007▼
Other amounts payable47/48€800€800=
Accrued charges and deferred income492/3€239€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,082€823▼
Other operating charges640/8-€32
Gross operating margin9900€63,082€78,421▲
Operating profit (loss)9901€61,000€77,566▲
Financial income75/76B€3€951▲
Recurring financial income75€3€951▲
Financial charges65/66B€2,306€2,019▼
Recurring financial charges65€2,306€2,019▼
Profit (loss) for the period before taxes9903€58,696€76,499▲
Income taxes67/77€12,611€16,043▲
Profit (loss) for the period9904€46,085€60,456▲
Profit (loss) for the period to be appropriated9905€46,085€60,456▲
Appropriation of the result
Profit (loss) to be appropriated9906€46,085€105,741▲
Profit (loss) brought forward from the previous period14P-€45,285
Profit to be distributed694/7€800€800=
Return on contributions (dividend)694€800€800=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,082€823▼ 60.5%
Other operating charges640/8-€32-
Gross operating margin9900€63,082€78,421▲ 24.3%
Operating profit (loss)9901€61,000€77,566▲ 27.2%
Financial income75/76B€3€951▲ 36,766%
Recurring financial income75€3€951▲ 36,766%
Financial charges65/66B€2,306€2,019▼ 12.4%
Recurring financial charges65€2,306€2,019▼ 12.4%
Profit (loss) for the period before taxes9903€58,696€76,499▲ 30.3%
Income taxes67/77€12,611€16,043▲ 27.2%
Profit (loss) for the period9904€46,085€60,456▲ 31.2%
Profit (loss) for the period to be appropriated9905€46,085€60,456▲ 31.2%
Line20232024Change
Assets
Total assets20/58€95,104€136,104▲ 43.1%
Fixed assets21/28€42,378€41,555▼ 1.9%
Tangible fixed assets22/27€2,378€1,555▼ 34.6%
Other tangible fixed assets26€2,378€1,555▼ 34.6%
Financial fixed assets28€40,000€40,000=
Current assets29/58€52,725€94,549▲ 79.3%
Amounts receivable within one year40/41€31,405€46,364▲ 47.6%
Trade receivables40€30,856€21,456▼ 30.5%
Other amounts receivable41€550€24,908▲ 4,432%
Cash at bank and in hand54/58€21,320€46,770▲ 119%
Deferred charges and accrued income490/1-€1,414-
Equity and liabilities
Total equity and liabilities10/49€95,104€136,104▲ 43.1%
Equity10/15€50,285€109,941▲ 119%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€45,285€104,941▲ 132%
Amounts payable17/49€44,818€26,163▼ 41.6%
Amounts payable after more than one year17€16,000€11,025▼ 31.1%
Financial debts170/4€16,000€11,025▼ 31.1%
Amounts payable within one year42/48€28,580€15,138▼ 47.0%
Current portion of amounts payable after more than one year42€4,781€4,976▲ 4.1%
Trade debts44€769€2,356▲ 206%
Suppliers440/4€769€2,356▲ 206%
Taxes, remuneration and social security45€22,229€7,007▼ 68.5%
Taxes450/3€22,229€7,007▼ 68.5%
Other amounts payable47/48€800€800=
Accrued charges and deferred income492/3€239€0▼ 100%
Line20232024Change
Profit (loss) for the period9904€46,085€60,456▲ 31.2%
+ Depreciation and write-downs630€2,082€823▼ 60.5%
Operating cash flow (approximation)€48,167€61,279▲ 27.2%
Investment in fixed assets (approximation)-€0-
Change in cash-€25,450-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity triplescurrent ratio 6.25
Current ratio from 1.84 to 6.25; short-term debt falls from €28,580 to €15,138.
31-12
Financial Equity above €100,000Eq €109,941 ▲119%
2 profitable years in a row build equity to €109,941.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sprimont · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,837 m²
Building footprint
118 m²
Volume, LiDAR
662 m³
Parcel 62091A1643/00Z002, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GOODSIDE
Rue du Houmier(RVX) 78, 4140 SprimontBusiness consulting
since 20222.338.405.724
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62091A1643/00Z002 Wallonia 1,837 m² 1 · 118 m² 8.2 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.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,760 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
Founded28-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail francois.luthers@skynet.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794113957
Registered 14-10-2025

Register as of 26 September 2026 · Peppol Directory

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