GULACO
ActiveSummary
GULACO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €457,920 and a net result of €25,536. Equity is growing by ~6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-3
Solvency68▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 4.15 against 2.63 in 2024; short-term debt: 1.4% and cash: 4.4% of total assets), but 56.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
2.4%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
25 d late
2023
14 d late
2022
11 d late
2021
4 d late
2020
31 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 14 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€457,920▲ 5.9%
2024 · €432,384
Total assets
€1.1m▲ 2.4%
2024 · €1.0m
Net result
€25,536▼ 33.4%
2024 · €38,344
Working capital
€47,704▲ 101%
2024 · €23,713
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,984▲ 88.2%€12,461▼ 64.4%€47,059▲ 278%€50,382▲ 7.1%€38,030▼ 24.5%
Net result€28,958▲ 156%€3,292▼ 88.6%€33,790▲ 926%€38,344▲ 13.5%€25,536▼ 33.4%
Equity€356,958▲ 8.8%€360,250▲ 0.9%€394,040▲ 9.4%€432,384▲ 9.7%€457,920▲ 5.9%
Total assets€750,699▲ 1.9%€941,589▲ 25.4%€1.0m▲ 8.2%€1.0m▲ 1.0%€1.1m▲ 2.4%
Debt€393,741▼ 3.7%€581,339▲ 47.6%€624,605▲ 7.4%€596,106▼ 4.6%€595,171▼ 0.2%
Working capital-€356,243▲ 7.1%-€419,488▼ 17.8%€39,828€23,713▼ 40.5%€47,704▲ 101%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€990,251 =
Current assets
€62,839 ▲ 64.3%
Equity and liabilities €1.1m
Equity
€457,920 ▲ 5.9%
Debt
€595,171 ▼ 0.2%
Debt's share of the balance-sheet total falls from 58.0% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.15▲
2024 · 2.63
Debt to equity
1.30▼
2024 · 1.38
ROE
5.6%▼
2024 · 8.9%
ROA
2.4%▼
2024 · 3.7%
Debt ≤ 1 year
€15,136▲
2024 · €14,526
Debt > 1 year
€580,035▼
2024 · €580,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
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 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 14,684 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €19,752 | - | - | - | - |
| Other operating charges640/8 | €6,262 | €6,916 | €7,891 | €8,991 | €12,074 | ▲ 34.3% |
| Gross operating margin9900 | €41,245 | €39,129 | €54,951 | €59,373 | €50,104 | ▼ 15.6% |
| Operating profit (loss)9901 | €34,984 | €12,461 | €47,059 | €50,382 | €38,030 | ▼ 24.5% |
| Financial income75/76B | - | - | - | €625 | €131 | ▼ 79.1% |
| Recurring financial income75 | - | - | - | €625 | €131 | ▼ 79.1% |
| Financial charges65/66B | €6,026 | €9,169 | €13,269 | €12,664 | €12,625 | ▼ 0.3% |
| Recurring financial charges65 | €6,026 | €9,169 | €13,269 | €12,664 | €12,625 | ▼ 0.3% |
| Profit (loss) for the period before taxes9903 | €28,958 | €3,292 | €33,790 | €38,344 | €25,536 | ▼ 33.4% |
| Profit (loss) for the period9904 | €28,958 | €3,292 | €33,790 | €38,344 | €25,536 | ▼ 33.4% |
| Profit (loss) for the period to be appropriated9905 | €28,958 | €3,292 | €33,790 | €38,344 | €25,536 | ▼ 33.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €750,699 | €941,589 | €1.0m | €1.0m | €1.1m | ▲ 2.4% |
| Fixed assets21/28 | €713,201 | €922,051 | €964,174 | €990,251 | €990,251 | = |
| Tangible fixed assets22/27 | €713,201 | €922,051 | €964,174 | €990,251 | €990,251 | = |
| Land and buildings22 | €713,201 | €922,051 | €964,174 | €990,251 | €990,251 | = |
| Current assets29/58 | €37,498 | €19,538 | €54,471 | €38,239 | €62,839 | ▲ 64.3% |
| Amounts receivable within one year40/41 | €4,772 | €8,007 | €8,252 | €12,386 | €15,221 | ▲ 22.9% |
| Trade receivables40 | - | €62 | - | - | - | - |
| Other amounts receivable41 | €4,772 | €7,945 | €8,252 | €12,386 | €15,221 | ▲ 22.9% |
| Cash at bank and in hand54/58 | €32,725 | €11,531 | €46,219 | €24,297 | €45,988 | ▲ 89.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,557 | €1,630 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €750,699 | €941,589 | €1.0m | €1.0m | €1.1m | ▲ 2.4% |
| Equity10/15 | €356,958 | €360,250 | €394,040 | €432,384 | €457,920 | ▲ 5.9% |
| Contributions10/11 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Capital10 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Issued capital100 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Profit (loss) carried forward14 | -€243,042 | -€239,750 | -€205,960 | -€167,616 | -€142,080 | ▲ 15.2% |
| Amounts payable17/49 | €393,741 | €581,339 | €624,605 | €596,106 | €595,171 | ▼ 0.2% |
| Amounts payable after more than one year17 | - | €141,464 | €609,070 | €580,644 | €580,035 | ▼ 0.1% |
| Financial debts170/4 | - | €141,464 | €609,070 | €580,644 | €580,035 | ▼ 0.1% |
| Amounts payable within one year42/48 | €393,741 | €439,026 | €14,642 | €14,526 | €15,136 | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,426 | €8,707 | ▲ 3.3% |
| Financial debts43 | €390,841 | €435,702 | €8,154 | - | - | - |
| Credit institutions430/8 | - | €7,891 | €8,154 | - | - | - |
| Other loans439 | €390,841 | €427,812 | - | - | - | - |
| Trade debts44 | €1,501 | - | €388 | €0 | €329 | - |
| Suppliers440/4 | €1,501 | - | €388 | €0 | €329 | - |
| Taxes, remuneration and social security45 | - | €224 | - | - | - | - |
| Remuneration and social security454/9 | - | €224 | - | - | - | - |
| Other amounts payable47/48 | €1,400 | €3,100 | €6,100 | €6,100 | €6,100 | = |
| Accrued charges and deferred income492/3 | - | €850 | €893 | €937 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,958 | €3,292 | €33,790 | €38,344 | €25,536 | ▼ 33.4% |
| + Depreciation and write-downs630 | - | €19,752 | - | - | - | - |
| Operating cash flow (approximation) | €28,958 | €23,044 | €33,790 | €38,344 | €25,536 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | -€228,602 | -€42,123 | -€26,077 | €0 | ▲ 100% |
| Change in cash | - | -€21,194 | €34,688 | -€21,922 | €21,691 | ▲ 199% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €38,344 ▲13.5%
Operating result €50,382, net result €38,344, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Liquidity times 84current ratio 3.72
Current ratio from 0.04 to 3.72; short-term debt falls from €439,026 to €14,642.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,305
Net result €11,305 after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 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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Directors · office · real estate
Directors
6 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, Hamont-Achel · 1 establishment unit since 2000
Ground area
1,879 m²
Building footprint
164 m²
Volume, LiDAR
1,068 m³
Parcel 72001A0520/00C000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leliestraat 20, 3930 Hamont-Achel
since 20002.116.020.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72001A0520/00C000 | Flanders | 1,879 m² | 1 · 164 m² | 10.1 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded02-08-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472522038
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.