GORBO
ActiveSummary
GORBO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305,606 and a net result of €5,080. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | = |
| Other operating charges640/8 | - | - | - | €4,072 | €4,170 | €4,567 | €4,757 | €5,304 | ▲ 11.5% |
| Gross operating margin9900 | €52,606 | €52,196 | €51,684 | €53,018 | €56,916 | €54,448 | €56,935 | €58,586 | ▲ 2.9% |
| Operating profit (loss)9901 | €15,030 | €14,545 | €13,727 | €15,031 | €18,830 | €15,966 | €18,263 | €19,366 | ▲ 6.0% |
| Recurring financial income75 | - | - | €227 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €13,675 | €13,477 | €12,313 | €12,856 | €14,286 | ▲ 11.1% |
| Recurring financial charges65 | €8,841 | €14,896 | €14,329 | €13,675 | €13,477 | €12,313 | €12,856 | €14,286 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €6,189 | -€351 | -€374 | €1,356 | €5,353 | €3,652 | €5,407 | €5,080 | ▼ 6.0% |
| Profit (loss) for the period9904 | €6,189 | -€351 | -€374 | €1,356 | €5,353 | €3,652 | €5,407 | €5,080 | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €6,189 | -€351 | -€374 | €1,356 | €5,353 | €3,652 | €5,407 | €5,080 | ▼ 6.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 3.9% |
| Fixed assets21/28 | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 4.3% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 4.3% |
| Land and buildings22 | - | - | - | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 4.3% |
| Current assets29/58 | €0.03m | €0.02m | €0.04m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 21.6% |
| Amounts receivable within one year40/41 | - | - | - | - | €199 | - | - | - | - |
| Trade receivables40 | - | - | - | - | €199 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.04m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▲ 23.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 0.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | ▼ 3.9% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.7% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.02m | -€0.02m | -€0.02m | -€0.02m | -€0.01m | -€0.006m | -€0.001m | ▲ 79.7% |
| Amounts payable17/49 | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | ▼ 7.2% |
| Amounts payable after more than one year17 | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 9.9% |
| Financial debts170/4 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | ▼ 9.9% |
| Amounts payable within one year42/48 | €0.04m | €0.03m | €0.03m | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | ▲ 25.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 2.2% |
| Trade debts44 | €0.001m | €0.001m | €350 | €350 | €0.001m | €0.002m | €0.001m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €350 | €0.001m | €0.002m | €0.001m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.002m | - | - | €0.002m | - |
| Taxes450/3 | - | - | - | - | €0.002m | - | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €128 | €0.001m | €0.004m | €0.005m | €0.01m | ▲ 111% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.006m | €0.005m | €0.006m | €0.01m | ▲ 54.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,189 | -€351 | -€374 | €1,356 | €5,353 | €3,652 | €5,407 | €5,080 | ▼ 6.0% |
| + Depreciation and write-downs630 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | €33,916 | = |
| Operating cash flow (approximation) | €40,104 | €33,565 | €33,541 | €35,272 | €39,268 | €37,568 | €39,322 | €38,996 | ▼ 0.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€7,273 | €18,220 | -€21,568 | €5,536 | -€6,734 | -€1,829 | €2,804 | ▲ 253% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.