Checked.be
Active
BE 0825.637.868Private limited company (pre-2019)
GULI
Binnenstraat 9 ·9300 Aalst, Belgium· 16 yrs active
Sector: Wholesale trade
(46232)
Conclusion
GULI has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €-15k. Equity is shrinking by ~20.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 80% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €42k |
| Net result | €-15k |
| Staff (FTE) | 0.7 |
| Better than sector | 80% |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
60
Profitability
0
Solvency
95
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
60
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
81
2022
74
2023
52
2024
60
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.80 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.30 (≥ 1.0)
+5
Leverage
Debt/equity 0.39 (< 1.0)
+10
Profitability
Negatieve ROE -36%
-10
Interest coverage
Interest coverage -3.5× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-06-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.2% | 36.5% | |
| Net result | €-15k | €44k | |
| Equity | €42k | €279k | |
| Gross operating margin | €27k | €244k | |
| Staff costs | €26k | €174k |
€-2k
+92.1%
22-25
€-15k
+58.6%
22-25
€-3k
+89.4%
22-25
€59k
-28.3%
22-25
€42k
-26.4%
22-25
€13k
-16.8%
22-25
1
-56.3%
22-25
€26k
-55.9%
22-25
€190
-3.7%
22-25
€16k
-32.9%
22-25
€16k
-32.7%
22-25
€0
-100.0%
22-25
1.80
+9.3%
22-25
1.30
+0.9%
22-25
72.2%
+2.7%
22-25
0.39
-8.8%
22-25
-35.9%
+43.8%
22-25
-25.9%
+42.3%
22-25
-3.49
+92.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €-2k | €-23k | €25k | €48k |
| Net profit | €-15k | €-37k | €8k | €28k |
| Cash flow | €-3k | €-24k | €21k | €37k |
| Staff costs | €26k | €60k | €78k | €86k |
| Income taxes | €190 | €197 | €3k | €11k |
| Dividends | - | - | - | - |
| Total assets | €59k | €82k | €231k | €230k |
| Equity | €42k | €58k | €95k | €87k |
| Debt | €16k | €24k | €136k | €143k |
| of which ≤ 1y | €16k | €24k | €136k | €143k |
| of which > 1y | €0 | €80 | - | - |
| Working capital | €13k | €16k | €40k | €40k |
| Employees (FTE) | 0.7 | 1.6 | 2.1 | 2.4 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.80 | 1.64 | 1.29 | 1.28 |
| Quick ratio | 1.30 | 1.29 | 1.24 | 1.24 |
| Working capital ratio | 22.2% | 19.1% | 17.2% | 17.2% |
| Solvency | 72.2% | 70.3% | 41.0% | 37.7% |
| Debt / equity | 0.39 | 0.42 | 1.44 | 1.66 |
| Long-term debt ratio | 0.00 | 0.00 | - | - |
| Interest coverage | -3.49 | -44.26 | 43.88 | 173.15 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -25.9% | -44.9% | 3.5% | 12.3% |
| ROE | -35.9% | -63.9% | 8.6% | 32.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €59k | €82k | €231k | €230k |
| Fixed assets | 21/28 | €29k | €42k | €55k | €47k |
| Formation expenses | 20 | €0 | €0 | €0 | €0 |
| Intangible fixed assets | 21 | €0 | €0 | €0 | €0 |
| Tangible fixed assets | 22/27 | €29k | €42k | €55k | €47k |
| Current assets | 29/58 | €29k | €40k | €176k | €183k |
| Stocks & contracts in progress | 3 | €8k | €9k | €7k | €5k |
| Amounts receivable within one year | 40/41 | €1k | €1k | €15k | €7k |
| Cash & bank | 54/58 | €20k | €29k | €151k | €168k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €59k | €82k | €231k | €230k |
| Equity | 10/15 | €42k | €58k | €95k | €87k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €30k | €45k | €82k | €74k |
| Accumulated profits (losses) | 14 | - | - | €0 | €102 |
| Amounts payable | 17/49 | €16k | €24k | €136k | €143k |
| Amounts payable after one year | 17 | €0 | €80 | - | - |
| Amounts payable within one year | 42/48 | €16k | €24k | €136k | €143k |
| Trade debts payable within one year | 44 | €11k | €13k | €23k | €22k |
| Income statement | |||||
| Gross operating margin | 9900 | €27k | €37k | €104k | €137k |
| Operating result | 9901 | €-15k | €-36k | €12k | €39k |
| Financial income | 75 | €5 | €17 | €20 | €48 |
| Financial charges | 65 | €526 | €527 | €566 | €278 |
| Result before taxes | 9903 | €-15k | €-37k | €11k | €39k |
| Income taxes | 67/77 | €190 | €197 | €3k | €11k |
| Net result for the period | 9904 | €-15k | €-37k | €8k | €28k |
| Result to be appropriated | 9905 | €-15k | €-37k | €8k | €28k |
Legal Structure
| NACE primary | Wholesale trade(46232) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 05-05-2010 |
| Status | Active |
| Postal code | 9300 |
Establishment units
Guli
since 20102.190.025.913
La Bodegvita
since 20182.281.175.823
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303E0543/00F004 | Flanders | 203 m² | 1 · 175 m² | 8.4 m · 1 fl. |
| 41002A0485/00N000 | Flanders | 190 m² | 1 · 110 m² | 16.3 m · 4 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-37k ▼556%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 86 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 67 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale trade46232Full-service restaurants56101Full-service restaurants56111Cafés and bars56301
Names & trade names
| Legal nameNL | GULI |
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