GORYAL
ActiveSummary
GORYAL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356,643 and a net result of €59,128. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+73
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 20.78 against 70.75 in 2024; short-term debt: 4.8% and cash: 89.3% of total assets), and 4.8% of the assets are financed with debt.
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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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.2%
Return on assets
15.8%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
22 d late
2022
31 d late
2021
26 d late
2020
61 d late
2019
115 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 32 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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. Usually files around 23 August (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€356,643▲ 19.9%
2024 · €297,514
Total assets
€374,472▲ 24.1%
2024 · €301,676
Net result
€59,128
2024 · -€8,085
Working capital
€352,616▲ 21.5%
2024 · €290,307
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€44,154▼ 9.2%€50,165▲ 13.6%-€12,550-€7,805▲ 37.8%€71,323
Net result€34,061within the sector's middle half▼ 9.8%€38,772within the sector's middle half▲ 13.8%-€13,028below the sector's middle half-€8,085below the sector's middle half▲ 37.9%€59,128above the sector's middle half
Equity€267,456above the sector's middle half▲ 14.6%€306,228above the sector's middle half▲ 14.5%€305,599above the sector's middle half▼ 0.2%€297,514above the sector's middle half▼ 2.6%€356,643above the sector's middle half▲ 19.9%
Total assets€286,997above the sector's middle half▲ 16.2%€327,498above the sector's middle half▲ 14.1%€305,599above the sector's middle half▼ 6.7%€301,676above the sector's middle half▼ 1.3%€374,472above the sector's middle half▲ 24.1%
Debt€19,542▲ 43.3%€21,270▲ 8.8%€4,162€17,829▲ 328%
Working capital€263,675above the sector's middle half▲ 13.4%€303,545above the sector's middle half▲ 15.1%€290,307above the sector's middle half€352,616above the sector's middle half▲ 21.5%
Solvency93.2%above the sector's middle half▼ 1.3pp93.5%above the sector's middle half▲ 0.3pp100.0%above the sector's middle half▲ 6.5pp98.6%above the sector's middle half▼ 1.4pp95.2%above the sector's middle half▼ 3.4pp
Current ratio14.49above the sector's middle half▼ 3.5615.27above the sector's middle half▲ 0.7870.75above the sector's middle half20.78above the sector's middle half▼ 49.97
Return on assets (ROA)11.9%within the sector's middle half▼ 3.4pp11.8%within the sector's middle half=-4.3%below the sector's middle half▼ 16.1pp-2.7%below the sector's middle half▲ 1.6pp15.8%within the sector's middle half▲ 18.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
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: €71,323 after a loss of €7,805 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374,472
Fixed assets
€4,026 ▼ 44.1%
Current assets
€370,445 ▲ 25.8%
Equity and liabilities €374,472
Equity
€356,643 ▲ 19.9%
Debt
€17,829 ▲ 328%
Debt's share of the balance-sheet total rises from 1.4% to 4.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74,503▲
2024 · -€4,624
Cash flow
€62,309▲
2024 · -€4,905
Debt to equity
0.05▲
2024 · 0.01
ROE
16.6%▲
2024 · -2.7%
Interest coverage
568.21▲
2024 · -39.47
Debt ≤ 1 year
€17,829▲
2024 · €4,162
Income taxes
€12,063▲
2024 · €163
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 34,696 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €932 | €1,098 | €1,977 | €3,181 | €3,181 | = |
| Other operating charges640/8 | €790 | €810 | €881 | €1,213 | €939 | ▼ 22.6% |
| Gross operating margin9900 | €45,875 | €52,073 | -€9,692 | -€3,411 | €75,442 | ▲ 2,311% |
| Operating profit (loss)9901 | €44,154 | €50,165 | -€12,550 | -€7,805 | €71,323 | ▲ 1,014% |
| Financial income75/76B | €80 | €0 | - | - | - | - |
| Recurring financial income75 | €80 | €0 | - | - | - | - |
| Financial charges65/66B | €669 | €554 | €303 | €117 | €131 | ▲ 11.9% |
| Recurring financial charges65 | €669 | €554 | €303 | €117 | €131 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €43,565 | €49,611 | -€12,853 | -€7,922 | €71,191 | ▲ 999% |
| Income taxes67/77 | €9,504 | €10,839 | €176 | €163 | €12,063 | ▲ 7,287% |
| Profit (loss) for the period9904 | €34,061 | €38,772 | -€13,028 | -€8,085 | €59,128 | ▲ 831% |
| Profit (loss) for the period to be appropriated9905 | €34,061 | €38,772 | -€13,028 | -€8,085 | €59,128 | ▲ 831% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286,997 | €327,498 | €305,599 | €301,676 | €374,472 | ▲ 24.1% |
| Fixed assets21/28 | €3,781 | €2,682 | €10,388 | €7,207 | €4,026 | ▼ 44.1% |
| Tangible fixed assets22/27 | €3,781 | €2,682 | €10,388 | €7,207 | €4,026 | ▼ 44.1% |
| Furniture and vehicles24 | €574 | €236 | €8,701 | €6,280 | €3,860 | ▼ 38.5% |
| Other tangible fixed assets26 | €3,207 | €2,447 | €1,687 | €927 | €167 | ▼ 82.0% |
| Current assets29/58 | €283,217 | €324,815 | €295,212 | €294,469 | €370,445 | ▲ 25.8% |
| Amounts receivable within one year40/41 | €16,884 | €17,184 | €4,463 | €32,501 | €33,484 | ▲ 3.0% |
| Trade receivables40 | €16,766 | €17,152 | - | €25,840 | €30,347 | ▲ 17.4% |
| Other amounts receivable41 | €118 | €32 | €4,463 | €6,661 | €3,137 | ▼ 52.9% |
| Cash at bank and in hand54/58 | €262,243 | €305,322 | €288,270 | €259,696 | €334,574 | ▲ 28.8% |
| Deferred charges and accrued income490/1 | €4,090 | €2,309 | €2,478 | €2,272 | €2,388 | ▲ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286,997 | €327,498 | €305,599 | €301,676 | €374,472 | ▲ 24.1% |
| Equity10/15 | €267,456 | €306,228 | €305,599 | €297,514 | €356,643 | ▲ 19.9% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €259,396 | €298,168 | €285,139 | €277,054 | €336,183 | ▲ 21.3% |
| Amounts payable17/49 | €19,542 | €21,270 | - | €4,162 | €17,829 | ▲ 328% |
| Amounts payable within one year42/48 | €19,542 | €21,270 | - | €4,162 | €17,829 | ▲ 328% |
| Trade debts44 | €6,738 | €935 | - | €882 | €234 | ▼ 73.5% |
| Suppliers440/4 | €6,738 | €935 | - | €882 | €234 | ▼ 73.5% |
| Taxes, remuneration and social security45 | €12,804 | €20,335 | - | €3,280 | €17,595 | ▲ 436% |
| Taxes450/3 | €12,804 | €20,335 | - | €3,280 | €17,595 | ▲ 436% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,061 | €38,772 | -€13,028 | -€8,085 | €59,128 | ▲ 831% |
| + Depreciation and write-downs630 | €932 | €1,098 | €1,977 | €3,181 | €3,181 | = |
| Operating cash flow (approximation) | €34,993 | €39,870 | -€11,051 | -€4,905 | €62,309 | ▲ 1,370% |
| Investment in fixed assets (approximation) | - | €0 | -€9,683 | €0 | €0 | - |
| Change in cash | - | €43,079 | -€17,052 | -€28,574 | €74,877 | ▲ 362% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €59,128
Net result €59,128 after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet -€13,028
Net result drops to -€13,028, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 18.05
Current ratio from 7.80 to 18.05; short-term debt falls from €28,699 to €13,637.
31-12
Financial
Equity above €200,000Eq €233,395 ▲19.3%
3 profitable years in a row build equity to €233,395.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
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, Sint-Agatha-Berchem · 1 establishment unit since 2009
Ground area
439 m²
Building footprint
325 m²
Volume, LiDAR
3,009 m³
2 parcels, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GORYAL
since 20092.176.748.591
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0488/00T003 | Brussels | 223 m² | 1 · 216 m² | 12.5 m · 3 fl. |
| 21342B0043/00H003 | Brussels | 216 m² | 1 · 109 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 13,245 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
Founded25-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58290Other software publishing
59113Video and film production, excluding cinema and television films
61100Wired, wireless and satellite telecommunications
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810052641
Also
9925:BE0810052641
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.