GULDAGER
ActiveSummary
GULDAGER has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €401k and a net result of €-36k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 509 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-18
Solvency65▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 3.03 in 2023; short-term debt: 36.2% and cash: 3.9% of total assets), but 60.4% of the assets are financed with debt.
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Signals
Four 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.6%
Return on assets
-3.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
21 d late
2022
39 d early
2021
16 d early
2020
61 d late
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Equity
€401k▼ 8.3%
2023 · €437k
Total assets
€1.01M▲ 13.4%
2023 · €893k
Net result
€-36k
2023 · €25k
Working capital
€409k▼ 4.0%
2023 · €426k
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
Line20202021202220232024
Operating result€41k▼ 42.5%€44k▲ 6.1%€119k▲ 174%€43k▼ 63.5%€-28k
Net result€22k▼ 64.0%€23k▲ 3.2%€80k▲ 245%€25k▼ 69.1%€-36k
Equity€359k▲ 6.7%€382k▲ 6.5%€462k▲ 21.0%€437k▼ 5.4%€401k▼ 8.3%
Total assets€904k▼ 0.8%€947k▲ 4.8%€954k▲ 0.8%€893k▼ 6.4%€1.01M▲ 13.4%
Debt€545k▼ 5.1%€564k▲ 3.7%€492k▼ 12.9%€456k▼ 7.2%€612k▲ 34.3%
Working capital€286k▼ 13.6%€312k▲ 9.1%€467k▲ 49.8%€426k▼ 8.9%€409k▼ 4.0%
Staff (FTE)9.7▲ 40.6%8.1▼ 16.5%7.1▼ 12.3%7.9▲ 11.3%9.7▲ 22.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €28k after €43k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.01M
Fixed assets
€238k ▼ 8.0%
Current assets
€776k ▲ 22.2%
Equity and liabilities €1.01M
Equity
€401k ▼ 8.3%
Debt
€612k ▲ 34.3%
Debt's share of the balance-sheet total rises from 51.1% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▼
2023 · €97k
Cash flow
€28k▼
2023 · €78k
Current ratio
2.11▼
2023 · 3.03
Quick ratio
0.80▼
2023 · 1.17
Debt to equity
1.53▲
2023 · 1.04
ROE
-9.1%▼
2023 · 5.7%
ROA
-3.6%▼
2023 · 2.8%
Interest coverage
4.77▼
2023 · 17.53
Debt ≤ 1 year
€367k▲
2023 · €209k
Debt > 1 year
€10k▼
2023 · €52k
Income taxes
€817▼
2023 · €13k
Staff costs
€733k▲
2023 · €597k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €548k | €507k | €597k | €733k | ▲ 22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €36k | €42k | €53k | €65k | ▲ 21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €864 | €1k | €488 | €661 | ▲ 35.3% |
| Other operating charges640/8 | - | €6k | €10k | €7k | €7k | ▲ 8.2% |
| Gross operating margin9900 | €644k | €635k | €681k | €700k | €777k | ▲ 11.0% |
| Operating profit (loss)9901 | €41k | €44k | €119k | €43k | €-28k | ▼ 165% |
| Financial income75/76B | - | - | €217 | €8 | €182 | ▲ 2,186% |
| Recurring financial income75 | €478 | - | €217 | €8 | €182 | ▲ 2,186% |
| Financial charges65/66B | - | €10k | €10k | €6k | €8k | ▲ 39.3% |
| Recurring financial charges65 | €8k | €10k | €10k | €6k | €8k | ▲ 39.3% |
| Profit (loss) for the period before taxes9903 | €34k | €34k | €109k | €38k | €-36k | ▼ 194% |
| Income taxes67/77 | €11k | €10k | €29k | €13k | €817 | ▼ 93.8% |
| Profit (loss) for the period9904 | €22k | €23k | €80k | €25k | €-36k | ▼ 247% |
| Profit (loss) for the period to be appropriated9905 | €22k | €23k | €80k | €25k | €-36k | ▼ 247% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €904k | €947k | €954k | €893k | €1.01M | ▲ 13.4% |
| Fixed assets21/28 | €255k | €251k | €269k | €258k | €238k | ▼ 8.0% |
| Tangible fixed assets22/27 | €255k | €251k | €269k | €258k | €238k | ▼ 8.0% |
| Land and buildings22 | - | €184k | €166k | €145k | €125k | ▼ 14.1% |
| Plant, machinery and equipment23 | - | €12k | €13k | €13k | €14k | ▲ 10.4% |
| Furniture and vehicles24 | - | €55k | €90k | €84k | €85k | ▲ 1.9% |
| Other tangible fixed assets26 | - | - | - | €17k | €13k | ▼ 19.5% |
| Current assets29/58 | €648k | €696k | €685k | €635k | €776k | ▲ 22.2% |
| Stocks and contracts in progress3 | €309k | €321k | €351k | €390k | €482k | ▲ 23.5% |
| Stocks30/36 | - | €321k | €351k | €390k | €482k | ▲ 23.5% |
| Amounts receivable within one year40/41 | €239k | €344k | €218k | €225k | €247k | ▲ 9.6% |
| Trade receivables40 | - | €323k | €217k | €173k | €246k | ▲ 42.6% |
| Other amounts receivable41 | - | €21k | €537 | €52k | €399 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €99k | €28k | €111k | €13k | €40k | ▲ 202% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €6k | €7k | ▲ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €904k | €947k | €954k | €893k | €1.01M | ▲ 13.4% |
| Equity10/15 | €359k | €382k | €462k | €437k | €401k | ▼ 8.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €76k | €76k | €76k | €76k | €76k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €70k | €70k | €70k | €70k | = |
| Profit (loss) carried forward14 | €221k | €244k | €324k | €299k | €263k | ▼ 12.2% |
| Amounts payable17/49 | €545k | €564k | €492k | €456k | €612k | ▲ 34.3% |
| Amounts payable after more than one year17 | €27k | €14k | €95k | €52k | €10k | ▼ 81.3% |
| Financial debts170/4 | - | €14k | €95k | €52k | €10k | ▼ 81.3% |
| Amounts payable within one year42/48 | €363k | €384k | €218k | €209k | €367k | ▲ 75.3% |
| Current portion of amounts payable after more than one year42 | - | €13k | €42k | €43k | €42k | ▼ 1.1% |
| Trade debts44 | €241k | €276k | €109k | €84k | €160k | ▲ 90.9% |
| Suppliers440/4 | - | €276k | €109k | €84k | €160k | ▲ 90.9% |
| Taxes, remuneration and social security45 | - | €95k | €67k | €83k | €70k | ▼ 15.1% |
| Taxes450/3 | - | €31k | €15k | €19k | €7k | ▼ 66.1% |
| Remuneration and social security454/9 | - | €64k | €52k | €63k | €64k | ▲ 0.6% |
| Other amounts payable47/48 | - | - | - | - | €94k | - |
| Accrued charges and deferred income492/3 | - | €167k | €179k | €195k | €236k | ▲ 21.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €23k | €80k | €25k | €-36k | ▼ 247% |
| + Depreciation and write-downs630 | €24k | €36k | €42k | €53k | €65k | ▲ 21.8% |
| Operating cash flow (approximation) | €46k | €60k | €123k | €78k | €28k | ▼ 63.8% |
| Investment in fixed assets (approximation) | - | €-32k | €-61k | €-43k | €-44k | ▼ 3.0% |
| Change in cash | - | €-71k | €83k | €-98k | €26k | ▲ 127% |
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
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €80k ▲245%
Operating result €119k, net result €80k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Halle · 1 establishment unit since 1954
Ground area
1,552 m²
Building footprint
147 m²
Volume, LiDAR
668 m³
Parcel 23413H0183/00F000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Halleweg 385, 1500 Halle
since 19542.005.903.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23413H0183/00F000 | Flanders | 1,552 m² | 1 · 147 m² | 6.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,055 EUR awarded · 1,006 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 49 EUR | 0 EUR |
| 2024 | 1 | 250 EUR | 250 EUR |
| 2023 | 1 | 450 EUR | 450 EUR |
| 2022 | 1 | 306 EUR | 306 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 63 companies in sector 28295 we hold annual accounts for 55. 44 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-08-1954
Fiscal year end31-12
Activities, NACEBEL 2025
28295Manufacture of machinery and equipment not elsewhere classified
29310Manufacture of motor vehicles, trailers and semi-trailers
Scores and ratios are computed by Checked and are not a credit decision.