GUKUN
ActiveSummary
GUKUN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €248,191 and a net result of -€35,470. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 95% of 4272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
What they do
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716
2 sites
How big
€276,943total assets 2025
- Equity
- €248,191
- Loss
- -€35,470
Who decides
- Parent
- HD - I · 99.05%
Accounts filed 27 d late0 of 6 deeds read
Why 52- Higher-failure-rate region- Higher-failure-rate sector- Multiple establishment units- Persistent losses+ Long track record+ Lower-risk legal formFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.79 in 2024; short-term debt: 10.4% and cash: 0.4% of total assets), and 10.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€35,470
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
62 d early
2022
23 d late
2021
24 d late
2020
30 d late
2019
91 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€35,470
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €276,943Loss -€35,470Solvency 89.6%Liquidity 0.24
Total assets
€276,943▼ 12.2%
2018 - 2025
Net result
-€35,470▼ 3.5%
2018 - 2025
Equity
€248,191▼ 12.5%
2018 - 2025
Solvency
89.6%▼ 0.3pp
2018 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€72,515▲ 736%€37,304▼ 48.6%-€556-€33,177▼ 5,863%-€33,865▼ 2.1%
Net result€63,702within the sector's middle half▲ 40,568%€24,837within the sector's middle half▼ 61.0%-€248below the sector's middle half-€34,262below the sector's middle half▼ 13,698%-€35,470below the sector's middle half▼ 3.5%
Equity€293,335within the sector's middle half▲ 27.7%€318,172within the sector's middle half▲ 8.5%€317,924within the sector's middle half▼ 0.1%€283,661within the sector's middle half▼ 10.8%€248,191within the sector's middle half▼ 12.5%
Total assets€660,417within the sector's middle half▼ 6.7%€371,575below the sector's middle half▼ 43.7%€353,351below the sector's middle half▼ 4.9%€315,534below the sector's middle half▼ 10.7%€276,943below the sector's middle half▼ 12.2%
Debt€367,082▼ 23.3%€53,403▼ 85.5%€35,428▼ 33.7%€31,872▼ 10.0%€28,752▼ 9.8%
Working capital€237,032within the sector's middle half▲ 31.4%-€16,398below the sector's middle half€6,648below the sector's middle half-€6,313below the sector's middle half-€21,881below the sector's middle half▼ 247%
Solvency44.4%within the sector's middle half▲ 12.0pp85.6%above the sector's middle half▲ 41.2pp90.0%above the sector's middle half▲ 4.3pp89.9%above the sector's middle half▼ 0.1pp89.6%above the sector's middle half▼ 0.3pp
Current ratio4.59above the sector's middle half▲ 2.340.69below the sector's middle half▼ 3.891.19within the sector's middle half▲ 0.500.79below the sector's middle half▼ 0.400.24below the sector's middle half▼ 0.56
Return on assets (ROA)9.6%within the sector's middle half▲ 9.6pp6.7%within the sector's middle half▼ 3.0pp-0.1%below the sector's middle half▼ 6.8pp-10.9%below the sector's middle half▼ 10.8pp-12.8%below the sector's middle half▼ 1.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,865 in 2025 against €33,177 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276,943
Fixed assets
€270,072 ▼ 7.2%
Current assets
€6,871 ▼ 71.8%
Equity and liabilities €276,943
Equity
€248,191 ▼ 12.5%
Debt
€28,752 ▼ 9.8%
Debt's share of the balance-sheet total rises from 10.1% to 10.4%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
-€12,763▼
2024 · -€12,075
Cash flow
-€14,368▼
2024 · -€13,160
Debt to equity
0.12▲
2024 · 0.11
ROE
-14.3%▼
2024 · -12.1%
Interest coverage
-7.82▲
2024 · -10.86
Debt ≤ 1 year
€28,752▼
2024 · €30,672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €25,576 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,137 | €22,706 | €21,102 | €21,102 | €21,102 | = |
| Other operating charges640/8 | €4,286 | €3,950 | €4,454 | €4,617 | €4,601 | ▼ 0.4% |
| Non-recurring operating charges66A | - | - | €1,192 | €0 | - | - |
| Gross operating margin9900 | €101,938 | €63,960 | €26,191 | -€7,457 | -€8,162 | ▼ 9.4% |
| Operating profit (loss)9901 | €72,515 | €37,304 | -€556 | -€33,177 | -€33,865 | ▼ 2.1% |
| Financial income75/76B | €103 | €0 | €489 | €26 | €27 | ▲ 5.1% |
| Recurring financial income75 | €103 | €0 | €489 | €26 | €27 | ▲ 5.1% |
| Financial charges65/66B | €5,622 | €4,171 | €181 | €1,111 | €1,632 | ▲ 46.9% |
| Recurring financial charges65 | €5,622 | €4,171 | €181 | €1,111 | €1,632 | ▲ 46.9% |
| Profit (loss) for the period before taxes9903 | €66,996 | €33,133 | -€248 | -€34,262 | -€35,470 | ▼ 3.5% |
| Income taxes67/77 | €3,294 | €8,296 | €0 | - | - | - |
| Profit (loss) for the period9904 | €63,702 | €24,837 | -€248 | -€34,262 | -€35,470 | ▼ 3.5% |
| Transfer from tax-exempt reserves789 | €119 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €63,821 | €24,837 | -€248 | -€34,262 | -€35,470 | ▼ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €660,417 | €371,575 | €353,351 | €315,534 | €276,943 | ▼ 12.2% |
| Fixed assets21/28 | €357,276 | €334,570 | €312,276 | €291,174 | €270,072 | ▼ 7.2% |
| Tangible fixed assets22/27 | €357,276 | €334,570 | €312,276 | €291,174 | €270,072 | ▼ 7.2% |
| Land and buildings22 | €357,276 | €334,570 | €312,276 | €291,174 | €270,072 | ▼ 7.2% |
| Current assets29/58 | €303,141 | €37,005 | €41,075 | €24,360 | €6,871 | ▼ 71.8% |
| Amounts receivable within one year40/41 | €5,772 | €957 | €40,620 | €23,503 | €5,782 | ▼ 75.4% |
| Trade receivables40 | €2,404 | €41 | €23,000 | €23,000 | €4,000 | ▼ 82.6% |
| Other amounts receivable41 | €3,368 | €916 | €17,620 | €503 | €1,782 | ▲ 254% |
| Cash at bank and in hand54/58 | €297,369 | €13,048 | €456 | €856 | €1,090 | ▲ 27.3% |
| Deferred charges and accrued income490/1 | - | €23,000 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €660,417 | €371,575 | €353,351 | €315,534 | €276,943 | ▼ 12.2% |
| Equity10/15 | €293,335 | €318,172 | €317,924 | €283,661 | €248,191 | ▼ 12.5% |
| Contributions10/11 | €105,000 | €105,000 | €105,000 | €105,000 | €105,000 | = |
| Capital10 | €105,000 | €105,000 | €105,000 | €105,000 | €105,000 | = |
| Issued capital100 | €105,000 | €105,000 | €105,000 | €105,000 | €105,000 | = |
| Reserves13 | €188,335 | €213,172 | €212,924 | €178,661 | €143,191 | ▼ 19.9% |
| Non-distributable reserves130/1 | €10,500 | €10,500 | €10,500 | €10,500 | €10,500 | = |
| Legal reserve130 | €10,500 | €10,500 | €10,500 | €10,500 | €10,500 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €177,835 | €202,672 | €202,424 | €168,161 | €132,691 | ▼ 21.1% |
| Amounts payable17/49 | €367,082 | €53,403 | €35,428 | €31,872 | €28,752 | ▼ 9.8% |
| Amounts payable after more than one year17 | €300,625 | €0 | - | - | - | - |
| Financial debts170/4 | €300,625 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €66,109 | €53,403 | €34,428 | €30,672 | €28,752 | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | €32,500 | €0 | - | - | - | - |
| Financial debts43 | - | - | €34 | €75 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €34 | €75 | €0 | ▼ 100% |
| Trade debts44 | €27,429 | €36,823 | €34,374 | €387 | €6,650 | ▲ 1,617% |
| Suppliers440/4 | €27,429 | €36,823 | €34,374 | €387 | €6,650 | ▲ 1,617% |
| Taxes, remuneration and social security45 | €2,459 | €0 | €20 | €0 | - | - |
| Taxes450/3 | €294 | €0 | €20 | €0 | - | - |
| Remuneration and social security454/9 | €2,165 | €0 | - | - | - | - |
| Other amounts payable47/48 | €3,721 | €16,580 | €0 | €30,210 | €22,103 | ▼ 26.8% |
| Accrued charges and deferred income492/3 | €348 | €0 | €1,000 | €1,200 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,702 | €24,837 | -€248 | -€34,262 | -€35,470 | ▼ 3.5% |
| + Depreciation and write-downs630 | €25,137 | €22,706 | €21,102 | €21,102 | €21,102 | = |
| Operating cash flow (approximation) | €88,840 | €47,543 | €20,854 | -€13,160 | -€14,368 | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | €0 | €1,192 | €0 | €0 | - |
| Change in cash | - | -€284,321 | -€12,592 | €401 | €233 | ▼ 41.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
SPORTICA
BE 0875.881.195
Nieuwpoort · Eq €248,130
MER DU NORD
BE 0544.749.525
Ukkel · Eq €248,035
CAMPION
BE 0431.270.215
Boussu · Eq €248,487
WILMOTS
BE 0438.560.457
Jodoigne · Eq €247,223
DT BEDDING
BE 0463.362.862
Sint-Niklaas · Eq €246,982
Of 6,488 companies in this sector we hold annual accounts for 2,442. 1,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent HD - I · 99.05%
Directors
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerChain of control
- HD - I
- GUKUN
Highest known parent: HD - I. The sources do not say who stands above it.
Owners 1
- HD - IparentSourceaccounts HD - I 202599.05%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 directors read yet: 0 of 6 Gazette acts processed.
Timeline
14 eventsLatest 27-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€35,470
Net result drops to -€35,470, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €63,702 ▲40,568%
Operating result €72,515, net result €63,702, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.59
Current ratio from 2.24 to 4.59; short-term debt falls from €145,202 to €66,109.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €157
Net result €157 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Company details
Public limited company · founded 04-02-2008Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPublic limited company
Founded04-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47690Retail sale of other cultural and recreation goods
60310News agency activities
70200Business and other management consultancy
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895451243
Also
9925:BE0895451243
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2008
Ground area
1,313 m²
Building footprint
611 m²
Volume, LiDAR
7,347 m³
2 parcels, Brussels, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
2 establishment units
DROP DEAD
since 2008unit no. 2.169.139.635
Drop Dead
since 2018unit no. 2.278.766.164
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1398/00E000 | Brussels | 1,119 m² | 1 · 418 m² | 18.6 m · 5 fl. |
| 11602E0023/00N002indicative | Flanders | 193 m² | 1 · 193 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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