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Guarde

Active Private limited companyfounded 2009active for 17 yearsSpeelmansrei 16, 8000 BrugesKBO/BCE: BE 0809.219.827

Overview

Lifetime

17 annual accounts with figures on one time axis
peak €56,102 (2025)
€56,102▲ €58,796
lowest -€3,452 (2009)
€28,551▲ 370%
peak €208,964 (2025)
€208,964▲ 15.8%
€88,239▲ 17.8%
Board1 name since 2009
Documentsfilings and deeds
17-07-202614 days before the deadline
2025micro format
Gross margin from -€2,694 to €56,102Result from €6,074 to €28,551Equity from €180,413 to €208,964Debts from €74,897 to €88,239Investments €44,479

Key points

from the 2025 annual accounts

Equity

€208,964 ▲ 15.8%

Guarde has made a profit without a break since 2010.

Investments

€44,374 8.5 × depreciation

Green is investment, beige is depreciation.

Filings

17 annual accounts since 2009
AprilJune31 JulyOctober2010201520202025

The 2017 accounts came 21 days late. The other nine of the last ten were filed on time.

Checked score

97
Excellent
Financially stronger than 80% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026highest value 09-2026: < 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%● unchanged vs 09-2026highest value 11-2026: < 0.1%● unchanged vs 10-2026highest value

Financial strength
Strong

95-1equity 70.3% of total assets
89=short-term debt 27.5% · cash 63.0%
81+59return on assets 9.6%

Score breakdown

lowers risk
Liquidity: current ratio 2.38, cash €187,189
Equity €208,964 (70.3% of total assets)
Size: total assets €297,203
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 78% of them on solvency, 91% on liquidity, 78% on profitability and 72% on growth.

The bankruptcy probability was computed on 06-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as Guarde has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of Guarde itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 Guarde. 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 €20,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.38 (2.71 in 2024), above the usual 1.5. Short-term debt is 27.5% and cash 63% of total assets. 29.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.38, cash €187,189
NBB · annual accounts
lowers risk · Equity €208,964 (70.3% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €297,203
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
34 days early
2023
57 days early
2022
21 days early
2021
34 days early
2020
43 days early
2019
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DD
Director, since 20-01-2009
Board & ownership

Recent changes

Resignation: Dominique De Spiegelaere (director) Reappointment: Dominique De Spiegelaere (director) · Director discharge: Dominique De Spiegelaere · General meeting of 16-10-2023 · Gazette deed
Incorporation published on 22-01-2009 · Gazette deed
First establishment Speelmansrei 16, Bruges
All 24 events

Comparable companies

same main activity, similar in size and age
Company
Guarde Bruges €297,203 €56,102 70.3% -
COGEDIM Liège €298,724 €56,845 -5.9% -
Fiets! Kalmthout €277,470 €49,502 96.8% -
BRASSEURS D'ETOILES Liège €265,633 €53,340 -90.0% -
L.C.G. Zutendaal €331,848 €68,138 -20.1% -
C.V.S. GROUP Zemst €252,222 €47,604 -88.6% -
SCHARIS BEHEER Lanaken €338,518 €46,933 59.0% -

These companies have the same main activity as Guarde: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €252,000 and €339,000, founded between 2008 and 2010.

Official details

Source: KBO
Status
Active since 20-01-2009Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
Establishment unit
2.176.644.0698000 Bruges, since 20-01-2009
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€56,102
≈ €72,000estimated
€28,551▲ 370%
€208,964▲ 15.8%
€297,203▲ 16.4%
Filing
Filed on 17-07-2026, 14 days before the end of the filing period
Financials

Insights on Guarde

Guarde files the micro format. That format states no turnover. The gross margin rose from -€3,452 in 2009 to €56,102 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 17-07-2026, 14 days before the deadline
€56,102
▲ €58,796
€46,588
▲ €63,595
€28,551
▲ 370%
€112,863
▼ 6.9%
70.3%
▼ 0.4 percentage points
2.38
▼ 0.33

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €72,000. Estimated: probably between €63,000 and €93,000.

Balance sheet

balance sheet total €297,203 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

70.3%

Higher than 80% of 17,178 companies in 2025.

2.38

Higher than 71% of 16,475 companies in 2025.

9.6%

Higher than 75% of 16,854 companies in 2025.

Guarde Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 297,203255,309253,697248,853243,716240,577234,453234,054235,259242,858246,489258,918265,838268,567255,869259,357245,231
20 ----------------900
21/28 102,51963,26277,18891,114105,039118,965132,891146,816160,742174,668188,594202,519217,917233,315249,712248,571236,157
22/27 102,51963,26277,18891,114105,039118,965132,891146,816160,742174,668188,594202,519217,917233,315248,712247,571234,257
22 66,04463,26277,18891,114105,039118,965132,891146,816160,742174,668188,594202,519216,445230,371244,296241,683234,257
24 36,475-----------1,4722,9444,4165,888-
28 --------------1,0001,0001,000
29/58 194,683192,047176,508157,740138,676121,612101,56387,23774,51768,19057,89656,39947,92135,2526,15610,7869,074
40/41 5,286---------5,0007,92813,08113,081-79550
40 5,259---------5,0007,90213,08113,081---
41 27----------26---79550
54/58 187,189192,047176,508157,740138,676121,612101,56387,23774,51768,18052,89648,47134,84022,1716,15610,7078,524
490/1 2,209--------10-------
Balance sheet: equity and liabilities
10/49 297,203255,309253,697248,853243,716240,577234,453234,054235,259242,858246,489258,918265,838268,567255,869259,357245,231
10/15 208,964180,413181,451200,964193,365185,686178,094170,981164,290158,129151,890147,224143,694141,485134,613124,923121,548
10/11 125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000
100 ------125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000125,000
13 83,96455,41356,45175,96468,36560,68635,68527,28120,59020,28014,0411,120940829485--
130/1 --03,6173,6173,617-----------
130 ------3,6172,3271,9921,6821,3701,120940829485--
1311 --03,6173,6173,617-----------
133 83,96455,41356,45172,34664,74857,06932,06824,95518,59818,59812,671------
14 000---17,40918,70018,70012,84912,84921,10417,75415,6579,128-77-3,452
17/49 88,23974,89772,24547,89050,35054,89156,35963,07270,97084,72894,599111,694122,144127,082121,255134,434123,683
42/48 81,82070,78870,22246,27448,66154,89156,35963,07270,97084,72894,599111,694122,144127,082121,255134,434123,683
44 633210115112---2,563--70---3888,28124,643
440/4 633210115112---2,563--70---3888,28124,643
45 19,6993,4507,2169,1227,62110,0486,3995,3155,2315,2874,0043,6234,3084,7961,4281,113-
450/3 19,6993,4507,2169,1227,62110,0486,3995,3155,2315,2874,0043,6234,3084,7961,4281,113-
47/48 61,48967,12862,89137,04041,04044,84349,96155,19565,73979,44190,524108,070117,837122,286119,440125,04099,040
492/3 6,4184,1092,0231,6161,690----1-------
Income statement
9900 56,102-2,694-3,553-1,271-1,141-1,165-988-1,066-1,517-737-889-921-857-116-897-2,895-3,452
630 5,22213,92613,92613,92613,92613,92613,92613,92613,92613,92613,92615,39815,39815,39815,39821,839-
640/8 4,2933875494604594572,1662,1302,0932,0612,0512,0452,0241,9789393-
9901 46,588-17,007-18,028-15,656-15,525-15,547-17,080-17,121-17,536-16,723-16,866-18,363-18,279-17,491-16,387-24,827-3,452
75/76B 1,53129,51528,77628,77628,78128,83530,56230,52730,47030,49430,55330,54430,43735,59226,19728,348-
75 1,53129,51528,77628,77628,78128,83530,56230,52730,47030,49430,55330,54430,43735,59226,19728,348-
65/66B 4,2194,1872,1011,7191,7341,8982,0802,6734,2015,2837,7298,6639,93911,227120146-
65 4,2194,1872,1011,7191,7341,8982,0802,6734,2015,2837,7298,6639,93911,227120146-
9903 43,9008,3228,64711,40111,52211,38911,40210,7338,7338,4885,9583,5182,2196,8749,6903,375-3,452
67/77 15,3492,2482,3083,8023,8433,7984,2894,0412,5722,2491,292-13102---
9904 28,5516,0746,3397,5987,6797,5927,1136,6916,1616,2394,6663,5312,2086,8729,6903,375-3,452
9905 28,5516,0746,3397,5987,6797,5927,1136,6916,1616,2394,6663,5312,2086,8729,6903,375-3,452
Appropriation of the result
9906 28,5516,0746,3397,5987,67925,00125,81325,39119,01019,08825,77021,28517,86516,0009,613-77-3,452
791/2 07,11325,851--------------
691/2 28,5516,0746,3397,5987,67925,0018,4046,6913106,23912,921180111344485--
6920 ------1,291335310312250180111344485--
6921 28,5516,0746,3397,5987,67925,0017,1136,357-5,92712,671------
694/7 07,11325,851--------------
695 07,11325,851--------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-07-2026 2026-00303044 PDF
31-12-2024 micro format 27-06-2025 2025-00192601 PDF
31-12-2023 micro format 04-06-2024 2024-00111026 PDF
31-12-2022 micro format 10-07-2023 2023-00225903 PDF
31-12-2021 micro format 27-06-2022 2022-20094303 PDF
31-12-2020 micro format 18-06-2021 2021-21700043 PDF
31-12-2019 micro format 22-06-2020 2020-19700361 PDF
31-12-2018 micro format 25-07-2019 2019-39100071 PDF
31-12-2017 micro format 21-08-2018 2018-47000079 PDF
31-12-2016 micro format 10-07-2017 2017-28600384 PDF
31-12-2015 abbreviated format 01-07-2016 2016-25000409 PDF
31-12-2014 abbreviated format 08-06-2015 2015-15100274 PDF
31-12-2013 abbreviated format 04-07-2014 2014-26100485 PDF
31-12-2012 abbreviated format 28-08-2013 2013-47400102 PDF
31-12-2011 abbreviated format 22-06-2012 2012-19000051 PDF
31-12-2010 abbreviated format 30-08-2011 2011-45900499 PDF
31-12-2009 abbreviated format 29-07-2010 2010-35200351 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
51,810-3,081-4,102-1,730-1,599-1,622-3,155-3,195-3,610-2,798-2,940-2,965-2,881-2,093-990-2,988-
33,77320,00020,26521,52421,60521,51821,03920,61720,08620,16518,59118,92817,60622,27025,08825,214-
44,374000000000000-1,00016,53934,253235,257
-4,85815,53918,76919,06317,06420,04914,32612,7206,33715,2844,42413,63112,66916,015-4,5512,183-
112,863121,259106,287111,46690,01566,72145,20324,1653,547-16,538-36,704-55,295-74,223-91,829-115,099-123,648-114,609
70.3%70.7%71.5%80.8%79.3%77.2%76.0%73.1%69.8%65.1%61.6%56.9%54.1%52.7%52.6%48.2%49.6%
2.382.712.513.412.852.221.801.381.050.800.610.500.390.280.050.080.07
0.420.420.400.240.260.300.320.370.430.540.620.760.850.900.901.081.02
13.7%3.4%3.5%3.8%4.0%4.1%4.0%3.9%3.7%3.9%3.1%2.4%1.5%4.9%7.2%2.7%-2.8%
9.6%2.4%2.5%3.1%3.2%3.2%3.0%2.9%2.6%2.6%1.9%1.4%0.8%2.6%3.8%1.3%-1.4%
12.28-0.74-1.95-1.01-0.92------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€44,374----
Financial fixed assets€0----
€5,222€13,926€13,926€13,926€13,926

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Guarde

The operating result for 2025 is a profit of €46,588, after a loss of €17,007 in 2024. It is the highest result since 2009.

Debt's share of the balance-sheet total rises from 29.3% to 29.7%. Equity and debt are higher.

Board & ownership

Board

1 director, no change since 2023
Director (not named in the articles)
since 20-01-2009 term without a fixed end
listed in the 2025 annual accounts, filed on 17-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Dominique De Spiegelaere
Director (not named in the articles)
Board
Mandates as a list
  • Dominique De Spiegelaere
    • Director (not named in the articles), from 20-01-2009 to date

See the board, name and registered office on a given date →

Control

Capital

Contribution
€125,000
Source
2025 annual accounts

Articles of association

deed of 19-10-2023 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 16:00

Network & group

No group

Guarde has no parent and no holdings in its annual accounts. Dominique De Spiegelaere is the only director. Guarde shares no director with another company.

Timeline

Timeline

24 events since 2009

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 14 days before the deadline
2025
Highest result from 2009 to 2025 net €28,551 ▲370% The operating result of €46,588 and the net result of €28,551 are both a record.
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 57 days before the deadline
2023
Resignation: Dominique De Spiegelaere (director)Reappointment: Dominique De Spiegelaere (director) · Director discharge: Dominique De Spiegelaere · General meeting of 16-10-20234 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 21 days before the deadline
2022
Equity above €200,000 equity €200,964 ▲3.9% After 13 profitable years in a row, equity reaches €200,964.
Annual accounts 2021 filed PDFmicro format · 34 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 43 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 39 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 6 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 21 days late
2017
Annual accounts 2016 filed PDFmicro format · 21 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 30 days before the deadline
2015
Equity above €150,000 equity €151,890 ▲3.2% After 6 profitable years in a row, equity reaches €151,890.
Annual accounts 2014 filed PDFabbreviated format · 53 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 27 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 28 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 39 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 30 days late
2010
Back to profit net €3,375 The net result is €3,375, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 2 days before the deadline
2009
Incorporation PDFpublished on 22-01-2009
First establishment Speelmansrei 16, Bruges

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 January 2009, Guarde was incorporated.1 Dominique De Spiegelaere has served as director since 2009.2 Total assets went from €234,054 in 2018 to €297,203 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0809.219.827
VAT number
BE 0809.219.827
Peppol ID
0208:0809219827
Other Peppol ID
9925:BE0809219827
Legal form
Private limited company
Status
Active, normal situation
Founded
20-01-2009
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 16:00
deed of 19-10-2023 (in Dutch)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
Guarde in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 19-10-2023 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
68201 Real estate activities main activity
68321 Real estate activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Speelmansrei 16 registered office 8000 Bruges 20-01-2009 2.176.644.069

Buildings and parcels at the address

Ground area
309 m²
Buildings
139 m²
Volume, LiDAR
1,030 m³
Tallest building
13.6 m
Buildings to scale, each on its own parcel
139 m², 13.6 m 139 m², 13.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
31804D1303/00E000309 m² 1 · 139 m² 13.6 m · 2