GULDENTOPS
ActiveSummary
GULDENTOPS has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323,035 and a net result of €73,263. Equity has been growing by about 9.7% per year since 2018. Its solvency ranks better than 81% of 11,771 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-10-2005 Normal situation
- Activity
- Activities of interior architects NACE 71112
- Establishment unit
- 2.149.444.972 3001 Leuven, since 17-10-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €127,589
- ▼ 2.9%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €73,263
- ▲ 8.9%
- Equity
- €323,035
- ▲ 19.0%
- Total assets
- €396,856
- ▲ 11.0%
- 2025 accounts filed 55 days after the deadline
Score breakdownraises riskLast filed accounts filed 55 days late; 3 of the last 3 accounts latelowers riskLiquidity: current ratio 4.97, cash €93,642Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Equity €323,035 (81.4% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 65% on liquidity, 67% on profitability and 66% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 56 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 55 days after the deadline Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524955.
Annual accounts 2025 filed on 24-09-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is 5% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,611 | €47,179 | €12,750 | €13,773 | €47,085 |
| Depreciation and write-downs of the year | €34,935 | €37,459 | €28,751 | €29,339 | €30,380 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €180 awarded · €180 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €60 | €60 |
| 2024 | 1 | €120 | €120 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,938 | €29,463 | €30,475 | €34,935 | €37,459 | €28,751 | €29,339 | €30,380 | ▲ 3.5% |
| Other operating charges640/8 | - | - | - | €843 | €797 | €874 | €902 | €932 | ▲ 3.3% |
| Gross operating margin9900 | €45,378 | €70,344 | €91,063 | €95,825 | €93,646 | €116,650 | €131,424 | €127,589 | ▼ 2.9% |
| Operating profit (loss)9901 | €29,531 | €39,076 | €59,640 | €60,046 | €55,390 | €87,025 | €101,183 | €96,277 | ▼ 4.8% |
| Financial income75/76B | - | - | - | €3,379 | €212 | €2,665 | €6,137 | €16,609 | ▲ 171% |
| Recurring financial income75 | €2,969 | €182 | €207 | €3,379 | €212 | €2,665 | €6,137 | €16,609 | ▲ 171% |
| Financial charges65/66B | - | - | - | €7,753 | €4,366 | €5,477 | €6,879 | €4,726 | ▼ 31.3% |
| Recurring financial charges65 | €7,523 | €6,774 | €5,750 | €7,753 | €4,366 | €5,477 | €6,879 | €4,726 | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €24,977 | €32,483 | €54,098 | €55,672 | €51,236 | €84,213 | €100,440 | €108,160 | ▲ 7.7% |
| Income taxes67/77 | €9,118 | €12,037 | €16,130 | €20,131 | €15,597 | €27,703 | €33,162 | €34,897 | ▲ 5.2% |
| Profit (loss) for the period9904 | €15,859 | €20,446 | €37,968 | €35,541 | €35,638 | €56,510 | €67,279 | €73,263 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €15,859 | €20,446 | €37,968 | €35,541 | €35,638 | €56,510 | €67,279 | €73,263 | ▲ 8.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €340,752 | €332,163 | €348,096 | €364,377 | €305,595 | €353,046 | €357,439 | €396,856 | ▲ 11.0% |
| Fixed assets21/28 | €63,687 | €106,203 | €132,631 | €110,307 | €120,027 | €104,026 | €88,460 | €105,165 | ▲ 18.9% |
| Tangible fixed assets22/27 | €63,687 | €106,203 | €132,631 | €110,307 | €120,027 | €104,026 | €88,460 | €105,165 | ▲ 18.9% |
| Plant, machinery and equipment23 | - | - | - | €643 | €40,967 | €37,273 | €32,453 | €25,479 | ▼ 21.5% |
| Furniture and vehicles24 | - | - | - | €46,467 | €28,104 | €24,669 | €25,021 | €18,332 | ▼ 26.7% |
| Other tangible fixed assets26 | - | - | - | €63,198 | €50,956 | €42,084 | €30,985 | €61,354 | ▲ 98.0% |
| Current assets29/58 | €277,065 | €225,960 | €215,465 | €254,069 | €185,568 | €249,020 | €268,979 | €291,691 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €49,617 | €51,169 | €12,725 | €100 | €21,274 | €16,814 | €21,021 | €2,973 | ▼ 85.9% |
| Trade receivables40 | - | - | - | €100 | €14,667 | €14,099 | €16,006 | €2,973 | ▼ 81.4% |
| Other amounts receivable41 | - | - | - | - | €6,606 | €2,715 | €5,015 | - | - |
| Current investments50/53 | €500 | €500 | €51,769 | €500 | €500 | €189,713 | €172,533 | €191,733 | ▲ 11.1% |
| Cash at bank and in hand54/58 | €226,948 | €174,291 | €150,971 | €253,469 | €163,181 | €40,730 | €74,068 | €93,642 | ▲ 26.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €613 | €1,763 | €1,357 | €3,343 | ▲ 146% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €340,752 | €332,163 | €348,096 | €364,377 | €305,595 | €353,046 | €357,439 | €396,856 | ▲ 11.0% |
| Equity10/15 | €160,176 | €179,810 | €216,978 | €252,520 | €207,158 | €238,505 | €271,539 | €323,035 | ▲ 19.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €153,976 | €173,610 | €210,778 | €246,320 | €200,958 | €232,305 | €265,339 | €316,835 | ▲ 19.4% |
| Non-distributable reserves130/1 | - | - | - | €4,160 | €4,160 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €4,160 | €4,160 | - | - | - | - |
| Distributable reserves133 | - | - | - | €242,160 | €196,798 | €232,305 | €265,339 | €316,835 | ▲ 19.4% |
| Amounts payable17/49 | €180,576 | €152,352 | €131,118 | €111,857 | €98,437 | €114,541 | €85,900 | €73,821 | ▼ 14.1% |
| Amounts payable after more than one year17 | €104,854 | €93,839 | €82,202 | €69,910 | €56,925 | €43,209 | €28,719 | €13,412 | ▼ 53.3% |
| Financial debts170/4 | - | - | - | €69,910 | €56,925 | €43,209 | €28,719 | €13,412 | ▼ 53.3% |
| Amounts payable within one year42/48 | €53,645 | €36,076 | €33,062 | €24,711 | €23,996 | €70,131 | €54,433 | €58,697 | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,292 | €12,985 | €13,717 | €14,490 | €15,306 | ▲ 5.6% |
| Trade debts44 | €26,565 | €4,913 | €19,496 | €5,563 | €3,404 | €2,342 | €1,542 | €5,127 | ▲ 232% |
| Suppliers440/4 | - | - | - | €5,563 | €3,404 | €2,342 | €1,542 | €5,127 | ▲ 232% |
| Taxes, remuneration and social security45 | - | - | - | €6,532 | €7,607 | €9,480 | €12,825 | €13,818 | ▲ 7.7% |
| Taxes450/3 | - | - | - | €5,632 | €7,607 | €9,480 | €12,825 | €13,818 | ▲ 7.7% |
| Remuneration and social security454/9 | - | - | - | €900 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €324 | - | €44,593 | €25,576 | €24,445 | ▼ 4.4% |
| Accrued charges and deferred income492/3 | - | - | - | €17,236 | €17,515 | €1,201 | €2,748 | €1,712 | ▼ 37.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,859 | €20,446 | €37,968 | €35,541 | €35,638 | €56,510 | €67,279 | €73,263 | ▲ 8.9% |
| + Depreciation and write-downs630 | €14,938 | €29,463 | €30,475 | €34,935 | €37,459 | €28,751 | €29,339 | €30,380 | ▲ 3.5% |
| Operating cash flow (approximation) | €30,797 | €49,910 | €68,443 | €70,477 | €73,098 | €85,262 | €96,617 | €103,643 | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | -€71,979 | -€56,904 | -€12,611 | -€47,179 | -€12,750 | -€13,773 | -€47,085 | ▼ 242% |
| Change in cash | - | -€52,657 | -€23,320 | €102,499 | -€90,289 | -€122,451 | €33,338 | €19,574 | ▼ 41.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as GULDENTOPS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GULDENTOPS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for GULDENTOPS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-09-2026 | 2026-00524955 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00529326 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00451227 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00434229 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20447679 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70900475 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66500399 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61200197 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67500247 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65300414 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 06-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Dirk Guldentops |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, onbepaalde duur bij gebrek aan bepaling van duurtijd”
Articles of association, deed of 06-11-2023 (in Dutch)
Network & group
GULDENTOPS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GULDENTOPS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-11
Gazette deed
Change of role: Dirk Guldentops, from manager to directorAmendment of the articles · Capital · Capital conversion10 points ▸
- General meeting, 09-10-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €18,600
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, Dirk Guldentops (manager (not named in the articles))
- Director appointment, Dirk Guldentops (director (not named in the articles))
- Capital
- Registered office clause, “Gempstraat 34,3390 Tielt-Winge” (deed in Dutch)
- General meeting, “al de voorafgaande beslissingen, unanimiteit van stemmen” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
3 activities
- Het beroep van interieurarchitect. Dit omvat zowel advies,dienstverlening,handel,productie en aanneming in verband met interieurarchitectuur.
- Het verrichten van klusjesdiensten en meer bepaald alle beroepswerkzaamheden waarvoor geen specifieke vergunning vereist is.
- Het verlenen van bijstand,advies en leiding aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24101B0139/00C003 | Flanders | 4,307 m² | 1 · 218 m² | 9.1 m · 2 |
| 24433E0098/00N003 | Flanders | 76 m² | 1 · 55 m² | 10.8 m · 3 |