Checked.be
Active
BE 0891.532.641Private limited company
GUI PAI
Van Wesenbekestraat 17 ·2060 Antwerpen, Belgium· 19 yrs active
Sector: Retail trade
(47230)
Conclusion
GUI PAI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €205k and a net result of €69k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €205k |
| Net result | €69k |
| Staff (FTE) | 0.8 |
| Better than sector | 70% |
Financial profile
91
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
97
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€21k
estimate, not credit advice
Score history
58
2020
68
2021
63
2022
89
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.24 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.96 (≥ 1.0)
+5
Leverage
Debt/equity 0.77 (< 1.0)
+10
Profitability
ROE 33% (≥ 10%)
+10
Interest coverage
Interest coverage 4.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~27.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.5% | 38.5% | |
| Net result | €69k | €44k | |
| Equity | €205k | €332k | |
| Gross operating margin | €169k | €266k | |
| Staff costs | €40k | €166k |
€125k
+74.8%
20-24
€69k
+56.9%
20-24
€69k
+54.3%
20-24
€363k
+7.9%
20-24
€205k
+35.4%
20-24
€196k
+37.8%
20-24
1
0.0%
20-24
€40k
+26.9%
20-24
€25k
+25.5%
20-24
€15k
-93.8%
20-24
€158k
-14.6%
20-24
€158k
-14.6%
20-24
2.24
+26.8%
20-24
1.96
+105.5%
20-24
56.5%
+25.5%
20-24
0.77
-37.0%
20-24
33.5%
+15.8%
20-24
18.9%
+45.3%
20-24
4.09
-62.6%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €125k | €71k | €74k | €95k | €39k |
| Net profit | €69k | €44k | €41k | €61k | €8k |
| Cash flow | €69k | €45k | €45k | €65k | €24k |
| Staff costs | €40k | €32k | €31k | €46k | - |
| Income taxes | €25k | €20k | €21k | €22k | €4k |
| Dividends | €15k | - | - | €240k | - |
| Total assets | €363k | €336k | €473k | €541k | €855k |
| Equity | €205k | €151k | €108k | €66k | €245k |
| Debt | €158k | €185k | €365k | €475k | €610k |
| of which ≤ 1y | €158k | €185k | €364k | €475k | €608k |
| of which > 1y | - | - | - | - | - |
| Working capital | €196k | €142k | €99k | €49k | €221k |
| Employees (FTE) | 0.8 | 0.8 | 0.8 | 1.4 | 1.6 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 2.24 | 1.77 | 1.27 | 1.10 | 1.36 |
| Quick ratio | 1.96 | 0.95 | 0.81 | 0.89 | 0.88 |
| Working capital ratio | 54.1% | 42.4% | 21.0% | 9.0% | 25.9% |
| Solvency | 56.5% | 45.1% | 22.8% | 12.3% | 28.7% |
| Debt / equity | 0.77 | 1.22 | 3.39 | 7.15 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 4.09 | 10.92 | 10.33 | 13.13 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 18.9% | 13.0% | 8.7% | 11.3% | 0.9% |
| ROE | 33.5% | 28.9% | 38.4% | 92.5% | 3.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €363k | €336k | €473k | €541k | €855k |
| Fixed assets | 21/28 | €9k | €9k | €10k | €18k | €25k |
| Tangible fixed assets | 22/27 | €504 | €690 | €2k | €4k | €20k |
| Financial fixed assets | 28 | €8k | €8k | €8k | €13k | €5k |
| Current assets | 29/58 | €354k | €327k | €463k | €523k | €829k |
| Stocks & contracts in progress | 3 | €45k | €151k | €168k | €99k | €292k |
| Amounts receivable within one year | 40/41 | €123k | €105k | €150k | €326k | €337k |
| Cash & bank | 54/58 | €186k | €72k | €142k | €98k | €200k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €363k | €336k | €473k | €541k | €855k |
| Equity | 10/15 | €205k | €151k | €108k | €66k | €245k |
| Contributions / capital | 10/11 | €22k | €22k | €20k | €20k | - |
| Reserves | 13 | €183k | €129k | €88k | €46k | €225k |
| Amounts payable | 17/49 | €158k | €185k | €365k | €475k | €610k |
| Amounts payable within one year | 42/48 | €158k | €185k | €364k | €475k | €608k |
| Trade debts payable within one year | 44 | €116k | €153k | €207k | €355k | €367k |
| Income statement | ||||||
| Gross operating margin | 9900 | €169k | €108k | €119k | €143k | €93k |
| Operating result | 9901 | €125k | €71k | €70k | €91k | €23k |
| Financial income | 75 | - | - | - | - | €269 |
| Financial charges | 65 | €31k | €7k | €7k | €7k | €12k |
| Result before taxes | 9903 | €94k | €64k | €63k | €84k | €12k |
| Income taxes | 67/77 | €25k | €20k | €21k | €22k | €4k |
| Net result for the period | 9904 | €69k | €44k | €41k | €61k | €8k |
| Result to be appropriated | 9905 | €69k | €44k | €41k | €61k | €8k |
Legal Structure
| NACE primary | Retail trade(47230) |
| Legal form | Private limited company(610) |
| Incorporation | 09-08-2007 |
| Status | Active |
| Postal code | 2060 |
Establishment units
Gui Pai
since 20072.167.438.175
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1276/00W011 | Flanders | 185 m² | 1 · 185 m² | 16.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €69k ▲56.9%
Operating result €125k, net result €69k, both a record.
31-12
Financial
Equity above €200kEq €205k ▲35.4%
5 profitable years in a row build equity to €205k.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €151k ▲40.7%
4 profitable years in a row build equity to €151k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €108k ▲62.3%
3 profitable years in a row build equity to €108k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47112Retail trade47230
Names & trade names
| Legal nameNL | GUI PAI |
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