Gülen & Co
ActiveGülen & Co has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.87M and a net result of €37k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 474 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▼ -6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-7
Solvency100=
Growth35=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 23.01 against 12.7 in 2024), and 5.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← 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
94.5%
Return on assets
1.8%
Age of the figures
8 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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
15 d early
2023
6 d early
2022
30 d late
2021
29 d late
2020
23 d late
2019
93 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€155k▼ 81.3%
2024 · €828k
2019: €5.47M
2020: €8.87M
2021: €12.67M
2022: €6.36M
2023: €1.62M
2024: €828k
2019 → 2025
EBIT margin
32.0%▲ 14.1pp
2024 · 18.0%
2019: 2.2%
2020: 11.3%
2021: 6.5%
2022: -0.3%
2023: -1.5%
2024: 18.0%
2019 → 2025
Net result
€37k▼ 69.9%
2024 · €122k
2018: €165k
2019: €110k
2020: €743k
2021: €634k
2022: €-19k
2023: €-25k
2024: €122k
2018 → 2025
Working capital
€1.84M▲ 4.9%
2024 · €1.76M
2018: €316k
2019: €372k
2020: €958k
2021: €1.60M
2022: €1.64M
2023: €1.66M
2024: €1.76M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.67M-€6.36M▼ 49.8%€1.62M▼ 74.5%€828k▼ 48.9%€155k▼ 81.3%
Equity€1.76M-€1.74M▼ 1.1%€1.72M▼ 1.4%€1.84M▲ 7.1%€1.87M▲ 2.0%
Operating result€830k-€-18k€-24k▼ 29.8%€149k€50k▼ 66.6%
Net result€634k-€-19k€-25k▼ 29.9%€122k€37k▼ 69.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.99M
Fixed assets
€58k▼ 47.6%
Current assets
€1.93M▲ 1.1%
Equity and liabilities €1.99M
Equity
€1.87M▲ 2.0%
Debt
€110k▼ 38.5%
The debt ratio falls from 8.9% to 5.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€102k▼
2024 · €205k
Cash flow
€89k▼
2024 · €178k
Solvency
94.5%▲
2024 · 91.1%
Current ratio
23.01▲
2024 · 12.70
Quick ratio
23.01▲
2024 · 12.70
Debt / equity
0.06▼
2024 · 0.10
ROE
2.0%▼
2024 · 6.6%
ROA
1.8%▼
2024 · 6.0%
Interest coverage
284.30▲
2024 · 185.09
Debt
€110k▼
2024 · €179k
Debt ≤ 1 year
€84k▼
2024 · €150k
Debt > 1 year
€26k▼
2024 · €29k
Income taxes
€13k▼
2024 · €26k
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€2.02M€1.99M▼
Fixed assets21/28€111k€58k▼
Tangible fixed assets22/27€111k€58k▼
Land and buildings22€55k€48k▼
Plant, machinery and equipment23€39k€1k▼
Furniture and vehicles24€8k€2k▼
Other tangible fixed assets26€9k€6k▼
Current assets29/58€1.91M€1.93M▲
Amounts receivable within one year40/41€1.89M€1.90M▲
Trade receivables40€87k€38k▼
Other amounts receivable41€1.81M€1.86M▲
Cash at bank and in hand54/58€14k€26k▲
Equity and liabilities
Total equity and liabilities10/49€2.02M€1.99M▼
Equity10/15€1.84M€1.87M▲
Contributions10/11€6k€6k=
Reserves13€1.83M€1.87M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.83M€1.87M▲
Amounts payable17/49€179k€110k▼
Amounts payable after more than one year17€29k€26k▼
Financial debts170/4€29k€26k▼
Amounts payable within one year42/48€150k€84k▼
Current portion of amounts payable after more than one year42€39k€6k▼
Trade debts44€7k€649▼
Suppliers440/4€7k€649▼
Taxes, remuneration and social security45€13k€3k▼
Taxes450/3€12k€2k▼
Remuneration and social security454/9€736€736=
Other amounts payable47/48€91k€74k▼
Income statement
Code20242025
Turnover70€828k€155k▼
Goods, raw materials, services and sundry goods60/61€725k€9k▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€53k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€38k▲
Other operating charges640/8€4k€10k▲
Gross operating margin9900€210k€150k▼
Operating profit (loss)9901€149k€50k▼
Financial income75/76B€94€94=
Recurring financial income75€94€94=
Financial charges65/66B€1k€360▼
Recurring financial charges65€1k€360▼
Profit (loss) for the period before taxes9903€148k€49k▼
Income taxes67/77€26k€13k▼
Profit (loss) for the period9904€122k€37k▼
Profit (loss) for the period to be appropriated9905€122k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€37k▼
Transfer from equity791/2€0-
Transfer to equity691/2€122k€37k▼
To other reserves6921€122k€37k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (12 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €122k
Net result €122k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.50
Current ratio from 2.21 to 7.50; short-term debt falls from €1.35M to €255k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €743k ▲573%
Operating result €1.00M, net result €743k, both a record.
31-12
Financial
Equity above €1MEq €1.19M ▲134%
3 profitable years in a row build equity to €1.19M.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €509k ▲9.2%
2 profitable years in a row build equity to €509k.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lommel · 1 establishment unit since 2008
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.
Maatheide 763920 LommelGround area
9,227 m²
Building footprint
2,534 m²
Volume, LiDAR
17,607 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heksenwaag kaasgroothandel
since 20082.171.222.561
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72342A1225/00T005 | Flanders | 6,029 m² | 1 · 1,067 m² | 7.4 m · 2 fl. |
| 72342A1225/00A004 | Flanders | 3,197 m² | 1 · 1,467 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,140 companies in sector 63920 we hold annual accounts for 1,515. 447 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-04-2008
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.