GULEC
ActiveSummary
GULEC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €2k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 2566 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 30.53 against 23.55 in 2024; short-term debt: 3.3% and cash: 24.4% of total assets), and 3.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
96.7%
Return on assets
5.3%
Age of the figures
9 mo
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 €40k
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 d early
2024
15 d early
2023
30 d late
2022
31 d late
2021
4 d early
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▲ 5.8%
2024 · €38k
2018: €50k
2019: €50k▲ +0.2% vs 2018
2020: €53k▲ +5.5% vs 2019highest in 8 years
2021: €47k▼ -10.7% vs 2020
2022: €47k▲ +0.3% vs 2021
2023: €36k▼ -24.6% vs 2022lowest in 8 years
2024: €38k▲ +6.7% vs 2023
2025: €40k▲ +5.8% vs 2024
2018 → 2025
Total assets
€42k▲ 4.7%
2024 · €40k
2018: €64khighest in 8 years
2019: €56k▼ -11.5% vs 2018
2020: €54k▼ -4.3% vs 2019
2021: €49k▼ -8.6% vs 2020
2022: €49k▼ -0.6% vs 2021
2023: €44k▼ -10.0% vs 2022
2024: €40k▼ -9.6% vs 2023lowest in 8 years
2025: €42k▲ +4.7% vs 2024
2018 → 2025
Net result
€2k▼ 7.9%
2024 · €2k
2018: €10khighest in 8 years
2019: €106▼ -98.9% vs 2018
2020: €3k▲ +2486% vs 2019
2021: €-6k▼ -307% vs 2020lowest in 8 years
2022: €143▲ +103% vs 2021
2023: €-2k▼ -1261% vs 2022
2024: €2k▲ +244% vs 2023
2025: €2k▼ -7.9% vs 2024
2018 → 2025
Working capital
€40k▲ 6.1%
2024 · €38k
2018: €52khighest in 8 years
2019: €50k▼ -3.8% vs 2018
2020: €52k▲ +3.2% vs 2019
2021: €47k▼ -9.5% vs 2020
2022: €47k▼ -0.3% vs 2021
2023: €39k▼ -16.2% vs 2022
2024: €38k▼ -3.0% vs 2023lowest in 8 years
2025: €40k▲ +6.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€47k▲ 0.3%€36k▼ 24.6%€38k▲ 6.7%€40k▲ 5.8%
2021: €47k
2022: €47k▲ +0.3% vs 2021highest in 5 years
2023: €36k▼ -24.6% vs 2022lowest in 5 years
2024: €38k▲ +6.7% vs 2023
2025: €40k▲ +5.8% vs 2024
Operating result€-6k-€249€-1k€3k€2k▼ 13.6%
2021: €-6klowest in 5 years
2022: €249▲ +104% vs 2021
2023: €-1k▼ -600% vs 2022
2024: €3k▲ +310% vs 2023highest in 5 years
2025: €2k▼ -13.6% vs 2024
Net result€-6k-€143€-2k€2k€2k▼ 7.9%
2021: €-6klowest in 5 years
2022: €143▲ +103% vs 2021
2023: €-2k▼ -1261% vs 2022
2024: €2k▲ +244% vs 2023highest in 5 years
2025: €2k▼ -7.9% vs 2024
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 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €42k
Equity
€40k ▲ 5.8%
Debt
€1k ▼ 19.9%
Debt's share of the balance-sheet total falls from 4.3% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €3k
Cash flow
€2k▼
2024 · €3k
Current ratio
30.53▲
2024 · 23.55
Debt to equity
0.03▼
2024 · 0.04
ROE
5.5%▼
2024 · 6.3%
ROA
5.3%▼
2024 · 6.0%
Interest coverage
41.93▲
2024 · 12.68
Debt ≤ 1 year
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€40k€42k▲
Fixed assets21/28€152€0▼
Tangible fixed assets22/27€152€0▼
Plant, machinery and equipment23€152€0▼
Current assets29/58€40k€42k▲
Amounts receivable within one year40/41€34k€31k▼
Trade receivables40€1k€2k▲
Other amounts receivable41€33k€30k▼
Cash at bank and in hand54/58€5k€10k▲
Deferred charges and accrued income490/1€170€298▲
Equity and liabilities
Total equity and liabilities10/49€40k€42k▲
Equity10/15€38k€40k▲
Contributions10/11€6k€6k=
Reserves13€37k€37k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-5k€-3k▲
Amounts payable17/49€2k€1k▼
Amounts payable within one year42/48€2k€1k▼
Trade debts44€231€24▼
Suppliers440/4€231€24▼
Taxes, remuneration and social security45€1k€1k▼
Taxes450/3€255€141▼
Remuneration and social security454/9€1k€1k=
Accrued charges and deferred income492/3€19€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244€152▼
Other operating charges640/8€1k€727▼
Gross operating margin9900€4k€3k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€226€58▼
Recurring financial charges65€226€58▼
Profit (loss) for the period before taxes9903€2k€2k▼
Profit (loss) for the period9904€2k€2k▼
Profit (loss) for the period to be appropriated9905€2k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Profit (loss) brought forward from the previous period14P€-7k€-5k▲
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €244 | €244 | €244 | €244 | €152 | ▼ 37.8% |
| Other operating charges640/8 | €723 | €678 | €641 | €1k | €727 | ▼ 30.2% |
| Gross operating margin9900 | €-5k | €1k | €-360 | €4k | €3k | ▼ 19.6% |
| Operating profit (loss)9901 | €-6k | €249 | €-1k | €3k | €2k | ▼ 13.6% |
| Financial income75/76B | €62 | - | €10 | €0 | - | - |
| Recurring financial income75 | €62 | - | €10 | €0 | - | - |
| Financial charges65/66B | €123 | €106 | €429 | €226 | €58 | ▼ 74.5% |
| Recurring financial charges65 | €123 | €106 | €429 | €226 | €58 | ▼ 74.5% |
| Profit (loss) for the period before taxes9903 | €-6k | €143 | €-2k | €2k | €2k | ▼ 7.9% |
| Profit (loss) for the period9904 | €-6k | €143 | €-2k | €2k | €2k | ▼ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €143 | €-2k | €2k | €2k | ▼ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €49k | €44k | €40k | €42k | ▲ 4.7% |
| Fixed assets21/28 | €882 | €639 | €395 | €152 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €882 | €639 | €395 | €152 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €882 | €639 | €395 | €152 | €0 | ▼ 100% |
| Current assets29/58 | €48k | €48k | €44k | €40k | €42k | ▲ 5.1% |
| Amounts receivable within one year40/41 | €44k | €44k | €36k | €34k | €31k | ▼ 8.5% |
| Trade receivables40 | €2k | €2k | €4k | €1k | €2k | ▲ 50.9% |
| Other amounts receivable41 | €43k | €41k | €32k | €33k | €30k | ▼ 10.4% |
| Cash at bank and in hand54/58 | €4k | €5k | €5k | €5k | €10k | ▲ 88.7% |
| Deferred charges and accrued income490/1 | €106 | - | €3k | €170 | €298 | ▲ 75.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €49k | €44k | €40k | €42k | ▲ 4.7% |
| Equity10/15 | €47k | €47k | €36k | €38k | €40k | ▲ 5.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €47k | €47k | €37k | €37k | €37k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €45k | €45k | €37k | €37k | €37k | = |
| Profit (loss) carried forward14 | €-6k | €-6k | €-7k | €-5k | €-3k | ▲ 45.8% |
| Amounts payable17/49 | €2k | €2k | €8k | €2k | €1k | ▼ 19.9% |
| Amounts payable within one year42/48 | €1k | €2k | €4k | €2k | €1k | ▼ 19.0% |
| Trade debts44 | €149 | €212 | €189 | €231 | €24 | ▼ 89.4% |
| Suppliers440/4 | €149 | €212 | €189 | €231 | €24 | ▼ 89.4% |
| Taxes, remuneration and social security45 | €1k | €1k | €4k | €1k | €1k | ▼ 7.8% |
| Taxes450/3 | €168 | €156 | €3k | €255 | €141 | ▼ 44.5% |
| Remuneration and social security454/9 | €1k | €1k | €1k | €1k | €1k | = |
| Accrued charges and deferred income492/3 | €522 | - | €4k | €19 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €143 | €-2k | €2k | €2k | ▼ 7.9% |
| + Depreciation and write-downs630 | €244 | €244 | €244 | €244 | €152 | ▼ 37.8% |
| Operating cash flow (approximation) | €-5k | €387 | €-1k | €3k | €2k | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €620 | €442 | €340 | €5k | ▲ 1,304% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 23.55
Current ratio from 9.73 to 23.55; short-term debt falls from €4k to €2k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €143
Net result €143 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 6current ratio 55.05
Current ratio from 9.19 to 55.05; short-term debt falls from €6k to €959.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 392 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Genk · 1 establishment unit since 2017
Ground area
6,292 m²
Building footprint
6,008 m²
Volume, LiDAR
80,298 m³
Parcel 71016I0760/00E000, Flanders · tallest building 42.3 m, ±2 floors. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
Retouches Leder
since 20172.289.474.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I0760/00E000 | Flanders | 6,292 m² | 1 · 6,008 m² | 42.3 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
2023 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 2,544 companies in sector 95290 we hold annual accounts for 418. 320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
95290Repair and maintenance of other personal and household goods
Contact
E-mail
canan.alkan@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.