Filings
14 annual accounts since 2012
Six of the last ten came late. The 2016 accounts came latest: 392 days after the end of the period.
GULEC
Lifetime
14 annual accounts with figures on one time axispeak €21,760 (2017)
€3,140▼ 19.6%
lowest -€5,688 (2021)
€2,204▼ 7.9%
peak €52,945 (2020)
€40,332▲ 5.8%
€1,366▼ 19.9%
Board1 name since 2017
1 directorALI Gyulten
Documentsfilings and deeds
08-07-202623 days before the deadline
2025micro format
Gross margin from €3,904 to €3,140Debts from €1,705 to €1,366Cash from €5,384 to €10,159
Key points
from the 2025 annual accountsAt the same address
36 companies
Position in the sector
96.7%
Higher solvency than 95% of companies in repair of computers and personal goods. Sector median 37.8% · 3,328 companies.
Checked score
96
Excellent
Financially stronger than 68% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.3 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.2 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €41,698
lowers risk
Founded in 2011
Liquidity: current ratio 30.53, cash €10,159
Equity €40,332 (96.7% of total assets)
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 95, micro). It does better than 92% of them on solvency, 81% on liquidity, 54% on profitability and 46% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as GULEC has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GULEC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for GULEC. 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.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 30.53 (23.55 in 2024), above the usual 1.5. Short-term debt is 3.3% and cash 24.4% of total assets. 3.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €40,332
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
15 days early
2023
30 days late
2022
31 days late
2021
4 days early
2020
1 day early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0840007231
Change of role: ALI Gyulten, from manager to director
General meeting of 14-12-2023 · Gazette deed
First establishment
Retouches Leder, Sint-Martinusplein 11/22, Genk
Incorporation
published on 10-10-2011 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GULEC Genk | - | - | 96.7% | - |
| PIF Auderghem | - | - | 34.2% | - |
| Safetylock Berlare | - | - | -24.2% | - |
| Inter Wine & Dine Ixelles | - | - | 32.9% | - |
| PETROPARTS Jette | €64,847 | 4.5% | 98.2% | - |
| FUKI & YAR Boom | - | - | 55.6% | - |
| SPRL MGCO Erezée | €111,919 | -4.4% | -41.7% | - |
These companies have the same main activity as GULEC: repair and maintenance of other personal and household goods (NACE 95290). They are comparable in size and age: total assets between €27,600 and €55,200, founded between 2005 and 2013.
Official details
Source: KBO- Status
- Active since 06-10-2011Normal situation
- Registered office
- 37 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Repair and maintenance of other personal and household goodsNACE 95290
- Establishment unit
- 2.289.474.2713600 Genk, since 16-10-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- ≈ €24,000estimated
- €41,698▲ 4.7%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on GULEC
GULEC files the micro format. That format states no turnover. The gross margin rose from -€800 in 2012 to €3,140 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GULEC
- What is the company number of GULEC?
- The company number of GULEC is 0840.007.231. The VAT number is the same number with BE in front: BE 0840.007.231.
- Where is GULEC based?
- The registered office is at Sint-Martinusplein 11, 3600 Genk.Company details
- What does GULEC do?
- According to the KBO register, the main activity is repair and maintenance of other personal and household goods (NACE 95290).
- What is the legal form of GULEC?
- GULEC is a private limited company (BV).
- When was GULEC founded?
- GULEC was founded on 06-10-2011.
- Is GULEC still active?
- Yes, GULEC is an active enterprise in the KBO register.
- What is the turnover of GULEC?
- The turnover in financial year 2025 is ≈ €24,000. This figure is estimated from the gross margin of €3,140 and 119 comparable companies (NACE 95). It probably lies between €10,000 and €50,000. It is a rough estimate.Financials
- Is GULEC profitable?
- In financial year 2025, GULEC made a profit of €2,204.
- Where can I find the annual accounts of GULEC?
- GULEC filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GULEC due?
- GULEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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