Equity
€132,476
GOUDEN HEELAL has made a profit without a break since 2019.
GOUDEN HEELAL
Lifetime
19 annual accounts with figures on one time axisGross marginpeak €182,834 (2024)
€182,834▲ 29×
Resultlowest -€48,009 (2012)
€163,537▲ 29×
Equitypeak €132,476 (2024)
€132,476▲ €163,537
Debts
€151,378▲ 1.5%
Board2 names since 2005
1 directorGÖKSU Atila
Documentsfilings and deeds
04-02-2026188 days late
2024micro format
Gross margin from €6,316 to €182,834Result from €5,672 to €163,537Appointment: GÖKSU Atila (director) 05-02Equity from -€31,062 to €132,476Cash from €9,262 to €78,216
Key points
from the 2024 annual accountsResult
€163,537 ▲ 29×
The result rose in 2024 from €5,672 to €163,537.
Turnover
≈ €580,000 estimated
The micro format states no turnover.
Liquidity
2.87 was 1.22 in 2023
Short-term debts rose from €96,487 to €98,795.
Filings
19 annual accounts 97 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€163,537
Higher net result than 95% of companies in retail trade. Sector median €4,565 · 25,539 companies.
Checked score
58
Fair
Financially stronger than 83% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,273 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 1.5%▼ -0.5 percentage points vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 1.9%▲ +0.4 percentage points vs 07-2025
09-2025: 2.2%▲ +0.3 percentage points vs 08-2025
10-2025: 2.7%▲ +0.5 percentage points vs 09-2025
11-2025: 2.9%▲ +0.2 percentage points vs 10-2025
12-2025: 3.7%▲ +0.8 percentage points vs 11-2025
01-2026: 7.3%▲ +3.6 percentage points vs 12-2025highest value
02-2026: 7.3%● unchanged vs 01-2026highest value
03-2026: 0.9%▼ -6.4 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.8%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 1.2%▲ +0.4 percentage points vs 07-2026
09-2026: 1.3%▲ +0.1 percentage points vs 08-2026
10-2026: 1.7%▲ +0.4 percentage points vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 188 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 04-02-2026)
lowers risk
Founded in 2005
Liquidity: current ratio 2.87, cash €78,216
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 61% of them on solvency, 75% on liquidity, 96% on profitability and 99% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as GOUDEN HEELAL has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GOUDEN HEELAL itself is higher: 1.7% within 12 months. It rests on far more data about GOUDEN HEELAL than the profile alone.
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 31,368 companies, not a prediction for GOUDEN HEELAL. 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.
Credit verdict
Credit of up to €7,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.87 (1.22 in 2023), above the usual 1.5. Short-term debt is 34.8% and cash 27.6% of total assets. However, 53.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 97 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline05-11-2026 today
raises risk · 2024 accounts filed 188 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-02-2026, 188 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
188 days late
2023
134 days late
2022
33 days early
2021
51 days early
2020
52 days early
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 23 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Appointment: Göksu Seymen (additional director)
General meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0877220983
Appointment: GÖKSU Atila (director)
General meeting of 27-12-2023 · Gazette deed
First establishment
Dendermondsesteenweg 326, Ghent
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| GOUDEN HEELAL Ghent | €283,854 | €182,834 | 46.7% | - |
| CB Design Ghent | €294,358 | €148,972 | 35.8% | - |
| KANNAI Brussels | €305,481 | €192,181 | 21.8% | - |
| FABRIQUE LIEGEOISE DE L'OR Fléron | €348,812 | €189,273 | 60.7% | - |
| ANNE ZELLIEN Antwerp | €371,343 | €147,144 | 55.1% | - |
| MULTIDISCI Watermael-Boitsfort | €340,514 | €132,251 | 47.2% | - |
| NIROMA Koksijde | €378,759 | €135,748 | 91.6% | - |
These companies have the same main activity as GOUDEN HEELAL: retail sale of watches and jewellery (NACE 47770). They are comparable in size and age: total assets between €294,000 and €379,000, founded between 2002 and 2007.
Official details
Source: KBO- Status
- Active since 26-10-2005Normal situation
- Activity
- Retail sale of watches and jewelleryNACE 47770
- Establishment unit
- 2.150.332.1279040 Ghent, since 06-12-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 14-07-2025
Insights on GOUDEN HEELAL
GOUDEN HEELAL files the micro format. That format states no turnover. The gross margin rose from €2,567 in 2006 to €182,834 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GOUDEN HEELAL
- What is the company number of GOUDEN HEELAL?
- The company number of GOUDEN HEELAL is 0877.220.983. The VAT number is the same number with BE in front: BE 0877.220.983.
- Where is GOUDEN HEELAL based?
- The registered office is at Dendermondsesteenweg 326, 9040 Ghent.Company details
- What does GOUDEN HEELAL do?
- According to the KBO register, the main activity is retail sale of watches and jewellery (NACE 47770).
- What is the legal form of GOUDEN HEELAL?
- GOUDEN HEELAL is a private limited company (BV).
- When was GOUDEN HEELAL founded?
- GOUDEN HEELAL was founded on 26-10-2005.
- Is GOUDEN HEELAL still active?
- Yes, GOUDEN HEELAL is an active enterprise in the KBO register.
- What is the turnover of GOUDEN HEELAL?
- The turnover in financial year 2024 is ≈ €580,000. This figure is estimated from the gross margin of €182,834 and 32 comparable companies (NACE 477). It probably lies between €400,000 and €1.1m.Financials
- Is GOUDEN HEELAL profitable?
- In financial year 2024, GOUDEN HEELAL made a profit of €163,537.
- Where can I find the annual accounts of GOUDEN HEELAL?
- GOUDEN HEELAL filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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