GORET
ActiveSummary
GORET has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €566 and a net result of €2,959. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 3158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+49
Solvency26▲+3
Growth49▼-19
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3158 sector peers (2025).
NBB · sector comparisonPosition among 3158 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
10 d early
2023
30 d late
2022
11 d late
2021
12 d late
2020
4 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€75,128▼ 17.3%
2022 · €90,811
EBIT margin
4.0%▲ 7.4pp
2022 · -3.3%
Net result
€2,959
2024 · -€7,206
Working capital
-€2,502▲ 57.2%
2024 · -€5,845
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
Turnover€67,658€90,811▲ 34.2%€75,128
Operating result€25,102▲ 117%-€3,024-€5,112▼ 69.1%-€7,226▼ 41.3%€3,036
Net result€25,190▲ 119%-€2,806-€5,113▼ 82.2%-€7,206▼ 40.9%€2,959
EBIT margin37.1%-3.3%▼ 40.4pp4.0%
Equity€12,732€9,926▼ 22.0%€4,813▼ 51.5%-€2,393€566
Total assets€158,117▲ 15.3%€145,132▼ 8.2%€153,141▲ 5.5%€125,034▼ 18.4%€108,900▼ 12.9%
Debt€145,385▼ 2.8%€135,206▼ 7.0%€148,328▲ 9.7%€127,427▼ 14.1%€108,334▼ 15.0%
Working capital€8,223€9,901▲ 20.4%€977▼ 90.1%-€5,845-€2,502▲ 57.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,036 after a loss of €7,226 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,900
Fixed assets
€3,068 ▼ 11.1%
Current assets
€105,832 ▼ 13.0%
Equity and liabilities €108,900
Equity
€566
Debt
€108,334
Debt finances 99.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€3,420▲
2024 · -€6,842
Cash flow
€3,343▲
2024 · -€6,822
Current ratio
0.98▲
2024 · 0.95
Quick ratio
0.95▲
2024 · 0.86
ROA
2.7%▲
2024 · -5.8%
Interest coverage
44.27▲
2024 · -60.02
Debt ≤ 1 year
€108,334▼
2024 · €127,427
Equity ratios withheld: equity of €566 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,081 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.2%
stopped otherwise
97%
still going
A further 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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 1,081 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €67,658 | €90,811 | - | - | €75,128 | - |
| Goods, raw materials, services and sundry goods60/61 | €45,449 | €97,721 | - | - | €81,217 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,933 | €4,484 | €27 | €384 | €384 | = |
| Other operating charges640/8 | €106 | €488 | €237 | €179 | €896 | ▲ 401% |
| Non-recurring operating charges66A | - | - | €13 | €10 | - | - |
| Gross operating margin9900 | €31,141 | €1,948 | -€4,835 | -€6,653 | €4,316 | ▲ 165% |
| Operating profit (loss)9901 | €25,102 | -€3,024 | -€5,112 | -€7,226 | €3,036 | ▲ 142% |
| Financial income75/76B | €167 | €281 | €121 | €134 | - | - |
| Recurring financial income75 | €167 | €281 | €121 | €134 | - | - |
| Financial charges65/66B | €78 | €63 | €123 | €114 | €77 | ▼ 32.2% |
| Recurring financial charges65 | €78 | €63 | €123 | €114 | €77 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €25,190 | -€2,806 | -€5,113 | -€7,206 | €2,959 | ▲ 141% |
| Profit (loss) for the period9904 | €25,190 | -€2,806 | -€5,113 | -€7,206 | €2,959 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €25,190 | -€2,806 | -€5,113 | -€7,206 | €2,959 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,117 | €145,132 | €153,141 | €125,034 | €108,900 | ▼ 12.9% |
| Fixed assets21/28 | €4,509 | €25 | €3,836 | €3,452 | €3,068 | ▼ 11.1% |
| Tangible fixed assets22/27 | €4,484 | - | €3,811 | €3,427 | €3,043 | ▼ 11.2% |
| Plant, machinery and equipment23 | €4,484 | - | €3,811 | €3,427 | €3,043 | ▼ 11.2% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €153,608 | €145,107 | €149,305 | €121,582 | €105,832 | ▼ 13.0% |
| Stocks and contracts in progress3 | €51,861 | €37,073 | €32,903 | €12,500 | €3,000 | ▼ 76.0% |
| Stocks30/36 | €51,861 | €37,073 | €32,903 | €12,500 | €3,000 | ▼ 76.0% |
| Amounts receivable within one year40/41 | €25,843 | €3,040 | €2,733 | €2,300 | €39,741 | ▲ 1,628% |
| Trade receivables40 | €25,843 | €1,113 | €2,733 | - | €35,415 | - |
| Other amounts receivable41 | - | €1,927 | - | €2,300 | €4,326 | ▲ 88.1% |
| Cash at bank and in hand54/58 | €75,374 | €94,331 | €109,266 | €104,233 | €63,091 | ▼ 39.5% |
| Deferred charges and accrued income490/1 | €531 | €10,663 | €4,403 | €2,549 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,117 | €145,132 | €153,141 | €125,034 | €108,900 | ▼ 12.9% |
| Equity10/15 | €12,732 | €9,926 | €4,813 | -€2,393 | €566 | ▲ 124% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€5,868 | -€8,674 | -€13,787 | -€20,993 | -€18,034 | ▲ 14.1% |
| Amounts payable17/49 | €145,385 | €135,206 | €148,328 | €127,427 | €108,334 | ▼ 15.0% |
| Amounts payable within one year42/48 | €145,385 | €135,206 | €148,328 | €127,427 | €108,334 | ▼ 15.0% |
| Trade debts44 | €18,155 | €7,260 | €18,792 | €1,741 | €8,583 | ▲ 393% |
| Suppliers440/4 | €18,155 | €7,260 | €18,792 | €271 | €8,583 | ▲ 3,067% |
| Bills of exchange payable441 | - | - | - | €1,470 | - | - |
| Taxes, remuneration and social security45 | €32 | - | €791 | - | - | - |
| Taxes450/3 | €32 | - | €791 | - | - | - |
| Other amounts payable47/48 | €127,198 | €127,946 | €128,745 | €125,686 | €99,751 | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,190 | -€2,806 | -€5,113 | -€7,206 | €2,959 | ▲ 141% |
| + Depreciation and write-downs630 | €5,933 | €4,484 | €27 | €384 | €384 | = |
| Operating cash flow (approximation) | €31,123 | €1,678 | -€5,086 | -€6,822 | €3,343 | ▲ 149% |
| Investment in fixed assets (approximation) | - | €0 | -€3,838 | -€0 | -€0 | = |
| Change in cash | - | €18,958 | €14,935 | -€5,033 | -€41,142 | ▼ 717% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Back to profitnet €2,959
Net result €2,959 after 3 loss-making years.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€7,206
Net result drops to -€7,206, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Highest result since 2018net €25,190 ▲119%
Operating result €25,102, net result €25,190, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Back to profitnet €11,490
Net result €11,490 after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Flobecq · 1 establishment unit since 2006
Ground area
289 m²
Building footprint
75 m²
Volume, LiDAR
466 m³
Parcel 51019F0825/00A000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
de la Crêtestraat 19, 7880 Flobecq
since 20062.233.992.746
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51019F0825/00A000 | Wallonia | 289 m² | 1 · 75 m² | 8.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFlobecq/Vloesberg2.233.992.746
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Of 20,585 companies in sector 01500 we hold annual accounts for 1,149. 27 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 (pre-2019)
Founded29-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882205003
Registered
28-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.