Guldenbouw
ActiveGuldenbouw has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €978k and a net result of €186k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 27% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+29
Solvency51▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 3.35 in 2024; short-term debt: 47.1% and cash: 0.1% of total assets), but 74.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
25.8%
Return on assets
4.9%
Age of the figures
9 mo
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
34 d early
2023
21 d late
2022
39 d late
2021
19 d late
2020
16 d early
2019
28 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€978k▲ 23.4%
2024 · €792k
2018: €339k
2019: €442k
2020: €556k
2021: €628k
2022: €686k
2023: €715k
2024: €792k
2018 → 2025
Total assets
€3.79M▲ 21.5%
2024 · €3.12M
2018: €708k
2019: €1.10M
2020: €906k
2021: €1.45M
2022: €2.68M
2023: €1.93M
2024: €3.12M
2018 → 2025
Net result
€186k▲ 143%
2024 · €76k
2018: €163k
2019: €103k
2020: €114k
2021: €72k
2022: €58k
2023: €30k
2024: €76k
2018 → 2025
Working capital
€1.91M▼ 8.2%
2024 · €2.08M
2018: €365k
2019: €414k
2020: €538k
2021: €1,000k
2022: €2.07M
2023: €815k
2024: €2.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€628k-€686k▲ 9.2%€715k▲ 4.3%€792k▲ 10.7%€978k▲ 23.4%
Operating result€105k-€133k▲ 26.5%€69k▼ 48.3%€104k▲ 51.6%€323k▲ 209%
Net result€72k-€58k▼ 20.1%€30k▼ 48.0%€76k▲ 155%€186k▲ 143%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 209% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.79M
Fixed assets
€91k▼ 39.5%
Current assets
€3.70M▲ 24.6%
Equity and liabilities €3.79M
Equity
€978k▲ 23.4%
Debt
€2.81M▲ 20.8%
The debt ratio falls from 74.6% to 74.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€368k▲
2024 · €156k
Cash flow
€231k▲
2024 · €128k
Solvency
25.8%▲
2024 · 25.4%
Current ratio
2.07▼
2024 · 3.35
Quick ratio
0.40▼
2024 · 1.15
Debt / equity
2.87▼
2024 · 2.94
ROE
19.0%▲
2024 · 9.7%
ROA
4.9%▲
2024 · 2.5%
Interest coverage
4.57▲
2024 · 1.40
Debt
€2.81M▲
2024 · €2.33M
Debt ≤ 1 year
€1.78M▲
2024 · €886k
Debt > 1 year
€1.02M▼
2024 · €1.44M
Income taxes
€57k▲
2024 · €28k
Staff costs
€726k▼
2024 · €846k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.12M€3.79M▲
Fixed assets21/28€151k€91k▼
Tangible fixed assets22/27€151k€91k▼
Plant, machinery and equipment23€109k€73k▼
Furniture and vehicles24€42k€19k▼
Current assets29/58€2.97M€3.70M▲
Stocks and contracts in progress3€1.95M€2.98M▲
Stocks30/36€13k€12k▼
Contracts in progress37€1.94M€2.97M▲
Amounts receivable within one year40/41€637k€708k▲
Trade receivables40€188k€348k▲
Other amounts receivable41€449k€360k▼
Cash at bank and in hand54/58€382k€4k▼
Equity and liabilities
Total equity and liabilities10/49€3.12M€3.79M▲
Equity10/15€792k€978k▲
Contributions10/11€19k€19k=
Reserves13€773k€959k▲
Distributable reserves133€773k€959k▲
Amounts payable17/49€2.33M€2.81M▲
Amounts payable after more than one year17€1.44M€1.02M▼
Financial debts170/4€1.44M€1.02M▼
Amounts payable within one year42/48€886k€1.78M▲
Financial debts43€106k€164k▲
Credit institutions430/8-€7k
Other loans439€106k€157k▲
Trade debts44€604k€1.23M▲
Suppliers440/4€604k€1.23M▲
Taxes, remuneration and social security45€53k€233k▲
Taxes450/3€7k€161k▲
Remuneration and social security454/9€46k€72k▲
Other amounts payable47/48€122k€156k▲
Income statement
Code20242025
Remuneration, social security and pensions62€846k€726k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€45k▼
Other operating charges640/8€16k€16k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€1.02M€1.11M▲
Operating profit (loss)9901€104k€323k▲
Financial income75/76B€111k€21▼
Recurring financial income75€111k€21▼
Non-recurring financial income76B€111k-
Financial charges65/66B€112k€80k▼
Recurring financial charges65€112k€80k▼
Profit (loss) for the period before taxes9903€104k€242k▲
Income taxes67/77€28k€57k▲
Profit (loss) for the period9904€76k€186k▲
Profit (loss) for the period to be appropriated9905€76k€186k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€186k▲
Transfer to equity691/2€76k€186k▲
To other reserves6921€76k€186k▲
Social balance
Average headcount (FTE)908712.610.0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €186k ▲143%
Operating result €323k, net result €186k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet €30k ▼48%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €556k ▲25.7%
3 profitable years in a row build equity to €556k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-07-2021
Wout Guldentops: Resigned as Director
19-11-2020
GULDENTOPS Toon: Resigned as Director
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Misweg 62220 Heist-op-den-BergGround area
776 m²
Building footprint
1,019 m²
Volume, LiDAR
4,707 m³
Parcel 12014K0809/00S000, Flanders · tallest building 16.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Guldenbouw
since 20132.222.424.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0809/00S000 | Flanders | 776 m² | 1 · 1,019 m² | 16.2 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 11,834 EUR awarded · 11,834 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 171 EUR | 381 EUR |
| 2024 | 2 | 6,190 EUR | 5,980 EUR |
| 2023 | 1 | 551 EUR | 551 EUR |
| 2022 | 2 | 4,922 EUR | 4,922 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Recognised contractor
4 categoriesGuldenbouw BV41018
Dual-learning approval
2 live approvals · 5 endedMetselaar (vwo)
Ruwbouw duaal (so)
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,631. 712 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43240Other construction installation
43299Specialised construction activities
42110Construction of roads and motorways
43110Demolition
43120Site preparation
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.