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GUDRUN COMMERCIAL

Active
Public limited companyfounded 2002active for 24 yearsIndustriestraat 18, 2500 Lier, BelgiumKBO/BCE: BE 0476.530.118
Summary

GUDRUN COMMERCIAL has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.4m and a net result of -€655,613. Equity is growing by about 43% per year across the filed financial years. Its solvency ranks better than 26% of 6,075 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Wholesale trade
NACE 46360Manufacture of cocoa, chocolate and sugar confectionery NACE 10820
Largest employer in Lier, Wholesale and retail trade sector1 site
Size
€43.5mturnover 2025
Staff
138.6 FTE
Equity
€5.4m
Loss
-€655,613
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
GUDRUN IMMO · 100%
Holdings
2
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 18 days early
Why 86raises riskLoss of €655,613 (financial year 2025)Equity €5.4m (24.1% of total assets)lowers riskFounded in 2002Liquidity: current ratio 1.53, cash €3.5mShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 49-7
equity 24.1% of total assets
Liquidity 40+1
short-term debt 57.2% · cash 15.5%
Profitability 35-55
return on assets -2.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (745 companies, NACE 46, medium-sized)
Last 24 months 11-2024: 0.5% 12-2024: 1.1%▲ +0.6 percentage points vs 11-2024highest value 01-2025: 1.1%● unchanged vs 12-2024highest value 02-2025: 1.1%● unchanged vs 01-2025highest value 03-2025: 1.1%● unchanged vs 02-2025highest value 04-2025: 1.1%● unchanged vs 03-2025highest value 05-2025: 1.1%● unchanged vs 04-2025highest value 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 0.1%▼ -1.0 percentage point 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 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 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: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €460,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.53, compared with 1.7 in 2024, above the usual 1.5; short-term debt: 57.2% and cash: 15.5% of total assets), but 75.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, medium-sized): better than 29% on solvency, 54% on liquidity, 19% on profitability and 28% on growth.

The bankruptcy probability was computed on 16-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €655,613 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €5.4m (24.1% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.53, cash €3.5m
NBB · annual accounts
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
20 days early
2024
33 days early
2023
10 days early
2022
14 days early
2021
13 days early
2020
42 days early
← 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 21 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Ernst en Young Bedrijfsrevisoren (statutory…Gazette deed
  3. Capital & sharesAmendment of the articles

Key points

  • Caution: From profit to loss in 2025after €4.2m in 2024 -€655,613 View
  • Caution: Among the weakest 5% on net resultsector median €114,505 · 6,015 companies -€655,613 View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Controlled by GUDRUN IMMOultimately: Natra Spread SL 100% View
  • Flemish supportawarded from 2022 to 2025 €219,391 View

By topic

Financials

Financial year
2025
Turnover
€43.5m
Loss
-€655,613
Solvency
24.1%
Turnover▼ 0.2%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
Parent
GUDRUN IMMO · 100%
Auditor
Ernst et Young Reviseurs…
  • Jacques AbeilleDirector
  • Armando SantacesariaDirector
  • De Lathouwer SofieManaging director
Go to Board & ownership

Network & group

Group
Natra Spread SL
Subsidiaries
2
Mergers and asset contributions
2

2 subsidiaries

Go to Network & group

Timeline

Events
56
Since
2003
Next accounts
by 31-07-2027
  1. 11-07-2025Annual accounts filed
  2. 12-06-2025Resignation: De Lathouwer Sofie BV (director and…
  3. 01-04-2025Resignation: Gabriel Cravero (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46360
Founded
18-01-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Who signs
Two directors jointly
Annual meeting
Second Wednesday of June at 12:00
Purpose
“De fabricage van en de handel in voedings- en genotsmiddelen, meer in het bijzonder…” (deed in Dutch)
Go to Articles of association

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