Summary
GUBBELS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €607,665 and a net result of €81,602. Equity is growing by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 6167 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
3 d early
2022
38 d late
2021
31 d early
2020
54 d late
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€607,665▲ 15.5%
2023 · €526,063
Net result
€81,602▼ 27.0%
2023 · €111,710
Total assets
€1.4m▼ 1.4%
2023 · €1.4m
Solvency
44.6%▲ 6.5pp
2023 · 38.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result€24,033▲ 129%€15,982▼ 33.5%€25,408▲ 59.0%€39,131▲ 54.0%€48,589▲ 24.2%
Net result€254below the sector's middle half▼ 96.1%€279,530above the sector's middle half▲ 109,995%€110,466within the sector's middle half▼ 60.5%€111,710within the sector's middle half▲ 1.1%€81,602within the sector's middle half▼ 27.0%
Equity€18,257below the sector's middle half▲ 1.4%€303,887within the sector's middle half▲ 1,565%€414,353within the sector's middle half▲ 36.4%€526,063within the sector's middle half▲ 27.0%€607,665within the sector's middle half▲ 15.5%
Total assets€1.2mabove the sector's middle half▲ 9.5%€1.2mwithin the sector's middle half=€1.4mwithin the sector's middle half▲ 9.5%€1.4mwithin the sector's middle half▲ 1.9%€1.4mwithin the sector's middle half▼ 1.4%
Debt€1.2m▲ 9.7%€935,470▼ 23.4%€942,798▲ 0.8%€856,450▼ 9.2%€755,366▼ 11.8%
Working capital-€119,505below the sector's middle half€58,204within the sector's middle half€39,942within the sector's middle half▼ 31.4%€55,971within the sector's middle half▲ 40.1%€26,282within the sector's middle half▼ 53.0%
Solvency1.5%below the sector's middle half▼ 0.1pp24.5%within the sector's middle half▲ 23.0pp30.5%within the sector's middle half▲ 6.0pp38.1%within the sector's middle half▲ 7.5pp44.6%within the sector's middle half▲ 6.5pp
Current ratio0.66within the sector's middle half▼ 15.651.33within the sector's middle half▲ 0.661.16within the sector's middle half▼ 0.171.20within the sector's middle half▲ 0.041.09within the sector's middle half▼ 0.11
Return on assets (ROA)0.0%below the sector's middle half▼ 0.6pp22.6%above the sector's middle half▲ 22.5pp8.1%within the sector's middle half▼ 14.4pp8.1%within the sector's middle half▼ 0.1pp6.0%within the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +109,995% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.0m =
Current assets
€319,339 ▼ 5.8%
Equity and liabilities €1.4m
Equity
€607,665 ▲ 15.5%
Debt
€755,366 ▼ 11.8%
Debt's share of the balance-sheet total falls from 61.9% to 55.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
13.4%▼
2023 · 21.2%
Debt ≤ 1 year
€293,057▲
2023 · €282,852
Debt > 1 year
€443,143▼
2023 · €563,039
Income taxes
€5,409▼
2023 · €5,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €930 | €1,314 | €1,314 | €384 | - | - |
| Other operating charges640/8 | - | €868 | €868 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €25,310 | €18,163 | €27,590 | €40,476 | €49,556 | ▲ 22.4% |
| Operating profit (loss)9901 | €24,033 | €15,982 | €25,408 | €39,131 | €48,589 | ▲ 24.2% |
| Financial income75/76B | - | €278,170 | €96,670 | €92,271 | €63,770 | ▼ 30.9% |
| Recurring financial income75 | €5,487 | €278,170 | €96,670 | €92,271 | €63,770 | ▼ 30.9% |
| Financial charges65/66B | - | €12,568 | €7,414 | €13,910 | €25,348 | ▲ 82.2% |
| Recurring financial charges65 | €29,016 | €12,568 | €7,414 | €13,910 | €25,348 | ▲ 82.2% |
| Profit (loss) for the period before taxes9903 | €504 | €281,584 | €114,664 | €117,493 | €87,010 | ▼ 25.9% |
| Income taxes67/77 | €250 | €2,053 | €4,198 | €5,783 | €5,409 | ▼ 6.5% |
| Profit (loss) for the period9904 | €254 | €279,530 | €110,466 | €111,710 | €81,602 | ▼ 27.0% |
| Profit (loss) for the period to be appropriated9905 | €254 | €279,530 | €110,466 | €111,710 | €81,602 | ▼ 27.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.1m | €1.0m | €1.0m | = |
| Tangible fixed assets22/27 | €3,012 | €1,698 | €384 | - | - | - |
| Plant, machinery and equipment23 | - | €1,698 | €384 | - | - | - |
| Financial fixed assets28 | €1.0m | €1.0m | €1.1m | €1.0m | €1.0m | = |
| Current assets29/58 | €235,259 | €236,159 | €290,667 | €338,822 | €319,339 | ▼ 5.8% |
| Amounts receivable after more than one year29 | - | €167,000 | €231,818 | €254,226 | €234,226 | ▼ 7.9% |
| Other amounts receivable291 | - | €167,000 | €231,818 | €254,226 | €234,226 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €9,438 | €11,045 | €13,390 | €40,575 | €41,780 | ▲ 3.0% |
| Trade receivables40 | - | €11,045 | €13,390 | €15,575 | €16,780 | ▲ 7.7% |
| Other amounts receivable41 | - | - | - | €25,000 | €25,000 | = |
| Cash at bank and in hand54/58 | €20,113 | €32,736 | €18,411 | €14,106 | €12,659 | ▼ 10.3% |
| Deferred charges and accrued income490/1 | - | €25,378 | €27,048 | €29,915 | €30,673 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.4m | €1.4m | €1.4m | ▼ 1.4% |
| Equity10/15 | €18,257 | €303,887 | €414,353 | €526,063 | €607,665 | ▲ 15.5% |
| Contributions10/11 | €12,500 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,757 | €285,287 | €395,753 | €507,463 | €589,065 | ▲ 16.1% |
| Non-distributable reserves130/1 | - | €343 | €343 | - | - | - |
| Reserves not available under the articles1311 | - | €343 | €343 | - | - | - |
| Distributable reserves133 | - | €284,944 | €395,410 | €507,463 | €589,065 | ▲ 16.1% |
| Profit (loss) carried forward14 | -€255 | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €935,470 | €942,798 | €856,450 | €755,366 | ▼ 11.8% |
| Amounts payable after more than one year17 | €853,559 | €746,955 | €681,513 | €563,039 | €443,143 | ▼ 21.3% |
| Financial debts170/4 | - | €746,955 | €681,513 | €563,039 | €443,143 | ▼ 21.3% |
| Amounts payable within one year42/48 | €354,764 | €177,956 | €250,725 | €282,852 | €293,057 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €100,604 | €111,082 | €112,474 | €113,896 | ▲ 1.3% |
| Trade debts44 | €3,518 | €4,611 | €4,406 | €8,349 | €15,989 | ▲ 91.5% |
| Suppliers440/4 | - | €4,611 | €4,406 | €8,349 | €15,989 | ▲ 91.5% |
| Taxes, remuneration and social security45 | - | €4,574 | €5,568 | €7,817 | €10,800 | ▲ 38.2% |
| Taxes450/3 | - | €4,574 | €5,568 | €7,817 | €10,800 | ▲ 38.2% |
| Other amounts payable47/48 | - | €68,166 | €129,670 | €154,212 | €152,372 | ▼ 1.2% |
| Accrued charges and deferred income492/3 | - | €10,560 | €10,560 | €10,560 | €19,166 | ▲ 81.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €254 | €279,530 | €110,466 | €111,710 | €81,602 | ▼ 27.0% |
| + Depreciation and write-downs630 | €930 | €1,314 | €1,314 | €384 | - | - |
| Operating cash flow (approximation) | €1,184 | €280,844 | €111,780 | €112,094 | €81,602 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | €0 | -€64,600 | €22,409 | €0 | ▼ 100% |
| Change in cash | - | €12,623 | -€14,325 | -€4,305 | -€1,446 | ▲ 66.4% |
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
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €526,063 ▲27%
6 profitable years in a row build equity to €526,063.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €279,530 ▲109,995%
Net result €279,530, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.66 to 1.33; short-term debt falls from €354,764 to €177,956.
31-12
Financial
Equity above €200,000Eq €303,887 ▲1,565%
4 profitable years in a row build equity to €303,887.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
31-12
Financial
Weakest financial yearnet €254 ▼96.1%
Net result drops to €254, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 54 days late
2017
01-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 93 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Maasmechelen · 1 establishment unit since 2015
Ground area
4,589 m²
Building footprint
152 m²
Parcel 73048E0931/00G031, Flanders. Linked by address, not a title deed.
1 establishment unit
GUBBELS
since 20152.244.785.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0931/00G031 | Flanders | 4,589 m² | 1 · 152 m² | - |
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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
40%
According to the 2024 annual accounts of GUBBELS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,483 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
Founded14-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635538060
Also
9925:BE0635538060
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.