GOTRIBE!
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-04-2026 PDF all 18 filings
Turnover
≈ €130,000
Estimated: probably between €73,000 and €280,000
Total assets
€405,134▲ 9.3%
2024 · €370,719
Net result
€33,571▼ 23.8%
2024 · €44,043
Working capital
€302,087▲ 11.8%
2024 · €270,154
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€51,217
▼ 17.8%
2025
20182025
Net result
€33,571
▼ 23.8%
2025
middle half of the sector
20182025
Equity
€305,959
▲ 12.3%
2025
highest quarter of the sector
20182025
Total assets
€405,134
▲ 9.3%
2025
middle half of the sector
20182025
Debt
€99,175
▲ 0.9%
2025
20182025
Working capital
€302,087
▲ 11.8%
2025
highest quarter of the sector
20182025
Solvency
75.5%
▲ 2.0pp
2025
highest quarter of the sector
20182025
Current ratio
4.05
▲ 0.19
2025
highest quarter of the sector
20182025
Return on assets (ROA)
8.3%
▼ 3.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,162-€22,508▲ 214%€45,125▲ 100%€37,557▼ 16.8%€34,716▼ 7.6%€43,017▲ 23.9%€62,293▲ 44.8%€51,217▼ 17.8%
Net result€3,890-€14,440▲ 271%€30,906above the sector's middle half▲ 114%€24,958within the sector's middle half▼ 19.2%€18,341within the sector's middle half▼ 26.5%€34,155above the sector's middle half▲ 86.2%€44,043above the sector's middle half▲ 29.0%€33,571within the sector's middle half▼ 23.8%
Equity€147,464-€161,904▲ 9.8%€192,811within the sector's middle half▲ 19.1%€217,769within the sector's middle half▲ 12.9%€236,110within the sector's middle half▲ 8.4%€270,265within the sector's middle half▲ 14.5%€272,389within the sector's middle half▲ 0.8%€305,959above the sector's middle half▲ 12.3%
Total assets€177,754-€206,296▲ 16.1%€232,120within the sector's middle half▲ 12.5%€271,996within the sector's middle half▲ 17.2%€287,338within the sector's middle half▲ 5.6%€327,114within the sector's middle half▲ 13.8%€370,719within the sector's middle half▲ 13.3%€405,134within the sector's middle half▲ 9.3%
Debt€30,290-€44,392▲ 46.6%€39,310▼ 11.4%€54,228▲ 37.9%€51,229▼ 5.5%€56,849▲ 11.0%€98,331▲ 73.0%€99,175▲ 0.9%
Working capital€137,204-€155,642▲ 13.4%€189,380above the sector's middle half▲ 21.7%€213,405above the sector's middle half▲ 12.7%€233,325above the sector's middle half▲ 9.3%€268,206above the sector's middle half▲ 14.9%€270,154above the sector's middle half▲ 0.7%€302,087above the sector's middle half▲ 11.8%
Solvency83.0%-78.5%▼ 4.5pp83.1%above the sector's middle half▲ 4.6pp80.1%above the sector's middle half▼ 3.0pp82.2%above the sector's middle half▲ 2.1pp82.6%above the sector's middle half▲ 0.4pp73.5%above the sector's middle half▼ 9.1pp75.5%above the sector's middle half▲ 2.0pp
Current ratio5.61-4.60▼ 1.015.99above the sector's middle half▲ 1.395.04above the sector's middle half▼ 0.955.69above the sector's middle half▲ 0.655.93above the sector's middle half▲ 0.243.85above the sector's middle half▼ 2.074.05above the sector's middle half▲ 0.19
Return on assets (ROA)2.2%-7.0%▲ 4.8pp13.3%above the sector's middle half▲ 6.3pp9.2%above the sector's middle half▼ 4.1pp6.4%within the sector's middle half▼ 2.8pp10.4%above the sector's middle half▲ 4.1pp11.9%above the sector's middle half▲ 1.4pp8.3%within the sector's middle half▼ 3.6pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 18% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €405,134
Fixed assets
€3,873 ▼ 34.7%
Current assets
€401,262 ▲ 10.0%
Equity and liabilities €405,134
Equity
€305,959 ▲ 12.3%
Debt
€99,175 ▲ 0.9%
Debt's share of the balance-sheet total falls from 26.5% to 24.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53,274▼
2024 · €64,162
Cash flow
€35,628▼
2024 · €45,912
Debt to equity
0.32▼
2024 · 0.36
ROE
11.0%▼
2024 · 16.2%
Interest coverage
28.44▲
2024 · 11.48
Debt ≤ 1 year
€99,175▲
2024 · €94,635
Income taxes
€20,132▲
2024 · €15,074
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,688 | - | €1,652 | €3,321 | - |
| Depreciation and write-downs of the year | €1,697 | €1,522 | €1,438 | €1,869 | €2,057 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,212 | €3,402 | €2,601 | €1,697 | €1,522 | €1,438 | €1,869 | €2,057 | ▲ 10.1% |
| Other operating charges640/8 | - | - | - | €1,267 | €909 | €1,032 | €640 | €462 | ▼ 27.8% |
| Gross operating margin9900 | €12,213 | €26,757 | €48,641 | €40,520 | €37,147 | €45,487 | €64,802 | €53,735 | ▼ 17.1% |
| Operating profit (loss)9901 | €7,162 | €22,508 | €45,125 | €37,557 | €34,716 | €43,017 | €62,293 | €51,217 | ▼ 17.8% |
| Financial income75/76B | - | - | - | €80 | €1,296 | €639 | €2,415 | €4,360 | ▲ 80.6% |
| Recurring financial income75 | €154 | €191 | €150 | €80 | €1,296 | €639 | €2,415 | €4,360 | ▲ 80.6% |
| Financial charges65/66B | - | - | - | €1,806 | €7,857 | -€3,350 | €5,591 | €1,873 | ▼ 66.5% |
| Recurring financial charges65 | €626 | €1,211 | €1,541 | €1,806 | €7,857 | -€3,350 | €5,591 | €1,873 | ▼ 66.5% |
| Profit (loss) for the period before taxes9903 | €6,690 | €21,488 | €43,734 | €35,831 | €28,155 | €47,006 | €59,117 | €53,703 | ▼ 9.2% |
| Income taxes67/77 | €2,800 | €7,048 | €12,828 | €10,873 | €9,814 | €12,850 | €15,074 | €20,132 | ▲ 33.6% |
| Profit (loss) for the period9904 | €3,890 | €14,440 | €30,906 | €24,958 | €18,341 | €34,155 | €44,043 | €33,571 | ▼ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €3,890 | €14,440 | €30,906 | €24,958 | €18,341 | €34,155 | €44,043 | €33,571 | ▼ 23.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €177,754 | €206,296 | €232,120 | €271,996 | €287,338 | €327,114 | €370,719 | €405,134 | ▲ 9.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €10,798 | €7,396 | €4,795 | €5,786 | €4,264 | €4,478 | €5,930 | €3,873 | ▼ 34.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €10,798 | €7,396 | €4,795 | €5,786 | €4,264 | €4,478 | €5,930 | €3,873 | ▼ 34.7% |
| Land and buildings22 | - | - | - | €620 | €496 | €372 | €1,136 | €792 | ▼ 30.3% |
| Plant, machinery and equipment23 | - | - | - | €925 | €245 | €0 | €1,956 | €1,512 | ▼ 22.7% |
| Furniture and vehicles24 | - | - | - | €4,241 | €3,523 | €4,106 | €2,837 | €1,568 | ▼ 44.7% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €166,957 | €198,901 | €227,326 | €266,210 | €283,075 | €322,635 | €364,790 | €401,262 | ▲ 10.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €31,282 | €18,535 | €9,847 | €23,823 | €13,487 | €20,347 | €16,434 | €13,758 | ▼ 16.3% |
| Trade receivables40 | - | - | - | €20,696 | €12,939 | €20,347 | €15,284 | €13,758 | ▼ 10.0% |
| Other amounts receivable41 | - | - | - | €3,127 | €548 | €0 | €1,151 | €0 | ▼ 100% |
| Current investments50/53 | €0 | - | - | €49,753 | €67,985 | €141,170 | €168,168 | €194,183 | ▲ 15.5% |
| Cash at bank and in hand54/58 | €134,289 | €180,365 | €215,919 | €190,280 | €198,734 | €158,140 | €176,738 | €190,503 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,355 | €2,869 | €2,979 | €3,449 | €2,818 | ▼ 18.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €177,754 | €206,296 | €232,120 | €271,996 | €287,338 | €327,114 | €370,719 | €405,134 | ▲ 9.3% |
| Equity10/15 | €147,464 | €161,904 | €192,811 | €217,769 | €236,110 | €270,265 | €272,389 | €305,959 | ▲ 12.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €128,864 | €143,304 | €174,211 | €199,169 | €217,510 | €251,665 | €253,789 | €287,359 | ▲ 13.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €197,309 | €217,510 | €251,665 | €253,789 | €287,359 | ▲ 13.2% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €30,290 | €44,392 | €39,310 | €54,228 | €51,229 | €56,849 | €98,331 | €99,175 | ▲ 0.9% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €29,753 | €43,258 | €37,945 | €52,806 | €49,750 | €54,429 | €94,635 | €99,175 | ▲ 4.8% |
| Trade debts44 | €3,936 | €5,845 | €546 | €10,532 | €1,747 | €934 | €4,247 | €3,977 | ▼ 6.4% |
| Suppliers440/4 | - | - | - | €10,532 | €1,747 | €934 | €4,247 | €3,977 | ▼ 6.4% |
| Taxes, remuneration and social security45 | - | - | - | €7,083 | €10,536 | €11,052 | €6,638 | €9,427 | ▲ 42.0% |
| Taxes450/3 | - | - | - | €5,458 | €10,536 | €11,052 | €6,638 | €9,427 | ▲ 42.0% |
| Remuneration and social security454/9 | - | - | - | €1,625 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €35,190 | €37,467 | €42,444 | €83,751 | €85,771 | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,422 | €1,479 | €2,419 | €3,695 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,890 | €14,440 | €30,906 | €24,958 | €18,341 | €34,155 | €44,043 | €33,571 | ▼ 23.8% |
| + Depreciation and write-downs630 | €4,212 | €3,402 | €2,601 | €1,697 | €1,522 | €1,438 | €1,869 | €2,057 | ▲ 10.1% |
| Operating cash flow (approximation) | €8,102 | €17,842 | €33,507 | €26,655 | €19,863 | €35,593 | €45,912 | €35,628 | ▼ 22.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,688 | €0 | -€1,652 | -€3,321 | €0 | - |
| Change in cash | - | €46,076 | €35,554 | -€25,640 | €8,454 | -€40,594 | €18,599 | €13,765 | ▼ 26.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as GOTRIBE! has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of GOTRIBE! itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for GOTRIBE!. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-04-2026 | 2026-00072116 | |
| 31-12-2024 | micro format | 21-03-2025 | 2025-00051542 | |
| 31-12-2023 | micro format | 09-04-2024 | 2024-00059678 | |
| 31-12-2022 | micro format | 27-02-2023 | 2023-00031579 | |
| 31-12-2021 | micro format | 27-04-2022 | 2022-20014537 | |
| 31-12-2020 | micro format | 24-03-2021 | 2021-08500336 | |
| 31-12-2019 | micro format | 11-03-2020 | 2020-06700051 | |
| 31-12-2018 | micro format | 21-06-2019 | 2019-21200587 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60700176 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-49800529 |