GUDRUN IMMO
ActiveSummary
GUDRUN IMMO has been active since 1967 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €242,923. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 49% of 5,674 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
In the rankings
#2 oldest company in Lier, Real estate sector#7 company by total assets in Lier, Real estate sector#10 company by equity in Lier, Real estate sector
Turnover
€814,378▲ 53.2%
2024 · €531,713
EBIT margin
74.8%▲ 2.9pp
2024 · 71.8%
Net result
€242,923▲ 2.9%
2024 · €236,024
Working capital
-€441,253
2024 · €741,255
Trend over the years
2022 to 2025, 5 financial years 2019 to 2025, 8 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.8m
2025
Operating result€0.6m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.8m
2025
Equity€3.3m
2025
Debt€5.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin74.8%
2025
Return on assets (ROA)2.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency37.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.04
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420242025
Turnover€0.6m-€0.7m▲ 1.9%€0.7m▲ 1.0%€0.7m▲ 0.4%€0.7m▲ 7.7%€0.8m▲ 7.3%€0.5m-€0.8m▲ 53.2%
Operating result€0.5m-€0.5m▲ 0.6%€0.4m▼ 13.6%€0.5m▲ 14.9%€0.5m▲ 5.6%€0.5m▲ 10.5%€0.4m-€0.6m▲ 59.4%
Net result€0.3m-€0.3m▲ 2.5%€0.2mabove the sector's middle half▼ 35.4%€0.2mabove the sector's middle half▲ 29.8%€0.3mabove the sector's middle half▲ 33.1%€0.3mabove the sector's middle half▼ 5.4%€0.2mabove the sector's middle half-€0.2mabove the sector's middle half▲ 2.9%
EBIT margin72.1%-71.2%▼ 0.9pp61.0%▼ 10.3pp69.8%▲ 8.8pp68.4%▼ 1.4pp70.4%▲ 2.0pp71.8%-74.8%▲ 2.9pp
Equity€1.6m-€1.9m▲ 16.1%€2.0mwithin the sector's middle half▲ 9.0%€2.2mwithin the sector's middle half▲ 10.7%€2.5mwithin the sector's middle half▲ 12.8%€2.8mwithin the sector's middle half▲ 10.8%€3.0mabove the sector's middle half-€3.3mwithin the sector's middle half▲ 8.0%
Total assets€5.3m-€5.6m▲ 6.1%€8.6mwithin the sector's middle half▲ 55.2%€8.9mwithin the sector's middle half▲ 3.1%€9.2mwithin the sector's middle half▲ 3.0%€9.5mwithin the sector's middle half▲ 3.0%€9.8mabove the sector's middle half-€8.8mwithin the sector's middle half▼ 10.7%
Debt€3.7m-€3.7m▲ 1.7%€6.6m▲ 78.2%€6.7m▲ 0.7%€6.7m▼ 0.3%€6.7m=€6.8m-€5.5m▼ 19.1%
Working capital€1.2m-€1.5m▲ 20.4%€1.7mabove the sector's middle half▲ 19.0%€2.0mabove the sector's middle half▲ 17.7%€2.4mabove the sector's middle half▲ 16.2%€0.3mwithin the sector's middle half▼ 88.3%€0.7mwithin the sector's middle half--€0.4mbelow the sector's middle half
Solvency30.4%-33.3%▲ 2.9pp23.4%within the sector's middle half▼ 9.9pp25.1%within the sector's middle half▲ 1.7pp27.5%within the sector's middle half▲ 2.4pp29.6%within the sector's middle half▲ 2.1pp30.8%within the sector's middle half-37.3%within the sector's middle half▲ 6.5pp
Current ratio8.82-7.97▼ 0.8516.89above the sector's middle half▲ 8.9113.88above the sector's middle half▼ 3.0120.45above the sector's middle half▲ 6.573.45above the sector's middle half▼ 17.005.87above the sector's middle half-0.04below the sector's middle half▼ 5.83
Return on assets (ROA)4.8%-4.6%▼ 0.2pp1.9%within the sector's middle half▼ 2.7pp2.4%within the sector's middle half▲ 0.5pp3.1%within the sector's middle half▲ 0.7pp2.9%within the sector's middle half▼ 0.3pp2.4%within the sector's middle half-2.8%within the sector's middle half▲ 0.4pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2025 Turnover +53% on 2024. The previous financial year ran 8 months, this one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.8m
Fixed assets
€8.8m ▼ 2.0%
Current assets
€16,599 ▼ 98.1%
Equity and liabilities €8.8m
Equity
€3.3m ▲ 8.0%
Debt
€5.5m ▼ 19.1%
Debt's share of the balance-sheet total falls from 69.2% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€785,970▲
2024 · €507,419
Cash flow
€420,127▲
2024 · €361,455
Debt to equity
1.68▼
2024 · 2.24
ROE
7.4%▼
2024 · 7.8%
Interest coverage
2.62▲
2024 · 1.64
Debt ≤ 1 year
€457,852▲
2024 · €152,216
Debt > 1 year
€5.0m▼
2024 · €6.6m
Income taxes
€74,131▼
2024 · €94,005
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €749,395 | €774,294 | €983,764 | €571,550 | €876,030 | ▲ 53.3% |
| Turnover70 | €647,865 | €660,121 | €666,449 | €669,294 | €720,724 | €773,658 | €531,713 | €814,378 | ▲ 53.2% |
| Other operating income74 | - | - | - | €80,101 | €53,570 | €60,106 | €39,837 | €61,652 | ▲ 54.8% |
| Non-recurring operating income76A | - | - | - | - | - | €150,000 | - | - | - |
| Operating charges60/66A | - | - | - | €282,407 | €281,181 | €439,006 | €189,562 | €267,264 | ▲ 41.0% |
| Services and other goods61 | - | - | - | €41,318 | €47,884 | €30,927 | €22,055 | €27,155 | ▲ 23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,823 | €156,939 | €174,942 | €175,461 | €180,207 | €185,980 | €125,431 | €177,204 | ▲ 41.3% |
| Other operating charges640/8 | - | - | - | €65,628 | €53,091 | €57,976 | €41,053 | €62,905 | ▲ 53.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €164,123 | €1,022 | - | - |
| Operating profit (loss)9901 | €467,412 | €470,285 | €406,424 | €466,988 | €493,113 | €544,758 | €381,988 | €608,766 | ▲ 59.4% |
| Financial income75/76B | - | - | - | €41,586 | €149,444 | €280,689 | €310,618 | €10,456 | ▼ 96.6% |
| Recurring financial income75 | €13,614 | €31,050 | €36,382 | €41,586 | €149,444 | €280,689 | €51,618 | €10,456 | ▼ 79.7% |
| Income from current assets751 | - | - | - | €41,586 | €149,444 | €280,689 | €51,618 | - | - |
| Other financial income752/9 | - | - | - | - | - | - | - | €10,456 | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €259,000 | - | - |
| Financial charges65/66B | - | - | - | €234,718 | €297,920 | €463,697 | €362,577 | €302,167 | ▼ 16.7% |
| Recurring financial charges65 | €121,568 | €145,626 | €230,791 | €234,718 | €297,920 | €463,697 | €309,577 | €302,167 | ▼ 2.4% |
| Debt charges650 | €116,738 | €128,740 | €217,391 | €233,536 | €296,799 | €462,692 | €308,936 | €300,527 | ▼ 2.7% |
| Other financial charges652/9 | - | - | - | €1,182 | €1,121 | €1,005 | €640 | €1,640 | ▲ 156% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €53,000 | - | - |
| Profit (loss) for the period before taxes9903 | €359,458 | €355,709 | €210,280 | €273,855 | €344,637 | €361,751 | €330,029 | €317,055 | ▼ 3.9% |
| Income taxes67/77 | €108,603 | €98,529 | €44,082 | €58,136 | €57,423 | €89,968 | €94,005 | €74,131 | ▼ 21.1% |
| Taxes670/3 | - | - | - | €58,136 | €57,423 | €89,968 | €94,005 | €79,264 | ▼ 15.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €5,132 | - |
| Profit (loss) for the period9904 | €250,856 | €257,180 | €166,198 | €215,719 | €287,214 | €271,782 | €236,024 | €242,923 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €250,856 | €257,180 | €166,198 | €215,719 | €287,214 | €271,782 | €236,024 | €242,923 | ▲ 2.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.3m | €5.6m | €8.6m | €8.9m | €9.2m | €9.5m | €9.8m | €8.8m | ▼ 10.7% |
| Fixed assets21/28 | €3.9m | €3.9m | €6.8m | €6.7m | €6.7m | €9.1m | €8.9m | €8.8m | ▼ 2.0% |
| Tangible fixed assets22/27 | €2.0m | €2.0m | €1.9m | €1.8m | €1.8m | €1.6m | €1.5m | €1.3m | ▼ 12.1% |
| Land and buildings22 | - | - | - | €1.8m | €1.7m | €1.5m | €1.4m | €1.2m | ▼ 12.1% |
| Plant, machinery and equipment23 | - | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 12.3% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 15.3% |
| Financial fixed assets28 | €1.9m | €1.9m | €4.9m | €4.9m | €4.9m | €7.5m | €7.5m | €7.5m | = |
| Affiliated companies280/1 | - | - | - | €4.9m | €4.9m | €7.5m | €7.5m | €7.5m | = |
| Participating interests280 | - | - | - | €4.9m | €4.9m | €7.5m | €7.5m | €7.5m | = |
| Other financial fixed assets284/8 | - | - | - | €105 | €105 | €105 | €105 | €105 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €105 | €105 | €105 | €105 | €105 | = |
| Current assets29/58 | €1.4m | €1.7m | €1.8m | €2.2m | €2.5m | €0.4m | €0.9m | €0.02m | ▼ 98.1% |
| Amounts receivable within one year40/41 | €1.3m | €1.7m | €1.8m | €2.2m | €2.4m | €0.3m | €0.9m | €149 | ▼ 100.0% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.3m | - | - | - |
| Other amounts receivable41 | - | - | - | €2.1m | €2.4m | €97 | €0.9m | €149 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €0.03m | €0.004m | €0.007m | €0.04m | €0.05m | €0.05m | €0.03m | €0.02m | ▼ 40.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.3m | €5.6m | €8.6m | €8.9m | €9.2m | €9.5m | €9.8m | €8.8m | ▼ 10.7% |
| Equity10/15 | €1.6m | €1.9m | €2.0m | €2.2m | €2.5m | €2.8m | €3.0m | €3.3m | ▲ 8.0% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €1.3m | €1.6m | €1.8m | €2.0m | €2.3m | €2.5m | €2.8m | €3.0m | ▲ 8.7% |
| Amounts payable17/49 | €3.7m | €3.7m | €6.6m | €6.7m | €6.7m | €6.7m | €6.8m | €5.5m | ▼ 19.1% |
| Amounts payable after more than one year17 | €3.5m | €3.5m | €6.5m | €6.5m | €6.5m | €6.5m | €6.6m | €5.0m | ▼ 23.7% |
| Financial debts170/4 | - | - | - | €6.5m | €6.5m | €6.5m | €6.6m | €5.0m | ▼ 23.7% |
| Credit institutions173 | - | - | - | €6.5m | €6.5m | €6.5m | €5.0m | €5.0m | = |
| Other loans174 | - | - | - | - | - | - | €1.6m | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.5m | ▲ 201% |
| Trade debts44 | €0.04m | €0.08m | €0.04m | €0.1m | €0.06m | €0.02m | €0.06m | €0.04m | ▼ 39.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.06m | €0.02m | €0.06m | €0.04m | ▼ 39.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.06m | €0.09m | €0.09m | €0.08m | ▼ 11.9% |
| Taxes450/3 | - | - | - | €0.06m | €0.06m | €0.09m | €0.09m | €0.08m | ▼ 11.9% |
| Other amounts payable47/48 | - | - | - | €274 | - | - | - | €0.3m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.03m | €0.04m | €0.09m | €0.04m | ▼ 53.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 2.9% |
| + Depreciation and write-downs630 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 41.3% |
| Operating cash flow (approximation) | €0.4m | €0.4m | €0.3m | €0.4m | €0.5m | €0.5m | €0.4m | €0.4m | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€3.1m | -€0.08m | -€0.2m | -€2.6m | - | €0 | - |
| Change in cash | - | -€0.02m | €0.004m | €0.03m | €0.009m | -€0.001m | - | -€0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 13-07-2026 | 2026-00292193 |
| 31-12-2024 | full format | 11-07-2025 | 2025-00275586 |
| 30-04-2024 | full format | 28-10-2024 | 2024-00521523 |
| 30-04-2023 | full format | 24-11-2023 | 2023-00517594 |
| 30-04-2022 | full format | 16-11-2022 | 2022-20521699 |
| 30-04-2021 | full format | 17-11-2021 | 2021-77700124 |
| 30-04-2020 | full format | 19-10-2020 | 2020-62100462 |
| 30-04-2019 | full format | 21-11-2019 | 2019-74200130 |
| 30-04-2018 | full format | 15-05-2019 | 2019-13300298 |
| 31-03-2017 | full format | 25-10-2017 | 2017-68300316 |
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Of the 12,017 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,060. 3,162 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.