GULLIVER

Active Private limited companyfounded 1994active for 32 yearsLouizalaan 160A, 1050 BrusselsKBO/BCE: BE 0451.787.396

GULLIVER

Financial year 2025

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Annual accounts 2025

full format, filed on 02-06-2026, 59 days before the deadline

€141,225

▼ 10.1%

€44,172

▼ 32.0%

€33,497

▼ 37.8%

€515,307

▲ 11.8%

73.5%

▲ 2.3 percentage points

3.67

▲ 0.28

The turnover shown is an estimate from the gross margin.

Turnover ≈ €660,000. Estimated: probably between €440,000 and €1.3m.

Balance sheet

balance sheet total €726,802 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

73.5%

Higher than 86% of 6,423 companies in 2024.

3.67

Higher than 84% of 6,379 companies in 2024.

4.6%

Higher than 68% of 6,400 companies in 2024.

GULLIVER Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Staff

€44,834

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, nobody joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	726,802	703,439	660,461	613,199	473,514	398,864	391,358	406,211	408,967	526,981	584,173	586,971	597,373	547,673	632,999	618,510	535,848	440,344	427,363	355,015
`21/28`	18,556	49,654	62,057	22,089	18,224	27,257	39,037	10,528	14,119	114,728	149,559	171,242	79,579	101,652	107,999	139,150	181,031	61,621	64,528	79,101
`22/27`	17,882	48,980	61,383	21,415	17,550	26,583	38,490	9,981	13,572	114,181	149,012	170,694	79,032	101,104	107,552	136,290	180,584	61,173	64,081	78,654
`24`	2,612	39,938	51,072	9,836	17,550	26,583	38,248	7,214	7,056	10,981	16,161	3,882	5,758	2,508	1,901	1,801	3,083	3,802	1,860	1,886
`26`	15,270	9,042	10,310	11,579	-	-	242	2,767	6,516	103,200	132,851	166,813	73,274	98,596	105,651	134,489	177,500	44,264	62,221	76,768
`27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,108	-	-
`28`	674	674	674	674	674	674	547	547	547	547	547	547	547	547	447	2,860	447	447	447	447
`29/58`	708,245	653,785	598,405	591,110	455,290	371,607	352,321	395,684	394,848	412,253	434,614	415,730	517,794	446,022	525,000	479,360	354,817	378,724	362,835	275,914
`3`	226,510	236,999	228,878	172,506	197,093	240,651	209,706	247,246	237,176	269,568	266,165	266,692	237,012	264,984	278,521	246,282	253,898	213,504	203,840	195,694
`30/36`	226,510	236,999	228,878	172,506	197,093	240,651	209,706	247,246	237,176	269,568	266,165	266,692	237,012	264,984	278,521	246,282	253,898	213,504	203,840	195,694
`40/41`	1,069	10,948	8,474	10,652	11,282	24,937	28,253	5,266	60,756	40,881	27,308	39,310	15,936	43,608	42,881	34,540	33,212	30,783	9,850	37,601
`40`	724	10,948	8,474	10,616	6,494	1,361	7,908	4,979	20,886	20,495	14,712	11,370	7,881	13,714	28,024	14,497	7,499	25,112	9,850	37,601
`41`	345	-	-	37	4,788	23,576	20,345	286	39,870	20,385	12,597	27,940	8,055	29,894	14,857	20,043	25,713	5,670	-	-
`50/53`	97,500	97,896	317,542	350,000	180,000	-	-	-	-	2	10,000	34,605	110,889	55,994	161,466	50,280	165	50,000	80,539	49
`54/58`	379,547	303,484	39,828	54,317	66,915	106,018	114,361	143,020	96,916	100,316	128,337	67,526	148,664	81,175	37,063	142,053	67,543	84,437	68,606	42,570
`490/1`	3,620	4,457	3,683	3,635	-	-	-	152	-	1,485	2,804	7,597	5,293	260	5,069	6,206	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	726,802	703,439	660,461	613,199	473,514	398,864	391,358	406,211	408,967	526,981	584,173	586,971	597,373	547,673	632,999	618,510	535,848	440,344	427,363	355,015
`10/15`	533,864	500,367	536,510	505,070	420,489	341,001	333,868	350,166	331,120	393,868	422,453	407,987	387,275	444,416	451,364	418,775	317,473	347,968	302,301	220,187
`10/11`	62,000	62,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	-	-	152,000	152,000	152,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	-	-	152,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	152,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	471,864	438,367	384,510	353,070	268,489	198,166	198,166	198,166	193,448	193,448	193,448	190,948	228,448	228,448	228,448	228,448	228,448	228,448	185,448	104,200
`130/1`	97,500	97,500	112,700	15,200	13,418	13,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	15,200	15,200	13,418	13,418	13,418	13,418	8,700	8,700	8,700	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`1311`	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1312`	97,500	97,500	97,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	-	-	-	-	-	-	-	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500
`133`	374,364	340,867	271,810	337,870	255,071	184,748	184,748	184,748	184,748	184,748	184,748	184,748	184,748	184,748	184,748	184,748	184,748	184,748	141,748	60,500
`14`	-	-	-	-	-	-9,165	-16,298	-	-14,328	48,421	77,006	65,039	96,827	153,968	160,916	128,327	27,026	57,521	54,854	53,987
`17/49`	192,938	203,072	123,952	108,129	53,025	57,863	57,490	56,045	77,847	133,112	161,720	178,984	210,098	103,257	181,635	199,736	218,375	92,376	125,062	134,828
`17`	0	10,008	17,589	-	-	3,382	10,066	-	14,870	39,810	64,070	87,667	-	9,219	30,652	51,142	72,045	10,118	27,722	45,326
`170/4`	0	10,008	17,589	-	-	3,382	10,066	-	14,870	39,810	64,070	87,667	-	9,219	30,652	51,142	72,045	10,118	27,722	45,326
`42/48`	192,938	193,064	106,363	101,615	52,275	54,481	47,424	56,045	62,977	93,302	97,650	91,317	210,098	94,038	150,983	148,593	146,329	82,258	97,340	89,502
`42`	3,822	11,414	11,053	3,761	3,370	7,941	11,658	14,870	29,975	29,295	28,697	28,003	16,855	29,046	28,110	20,903	27,531	17,604	17,604	17,604
`44`	35,132	26,522	28,734	19,198	14,922	9,243	23,292	31,783	21,982	35,935	30,766	45,726	43,793	31,068	66,110	18,047	31,315	25,610	16,273	32,866
`440/4`	35,132	26,522	28,734	19,198	14,922	9,243	23,292	31,783	21,982	35,935	30,766	45,726	43,793	31,068	66,110	18,047	31,315	25,610	16,273	32,866
`45`	59,140	66,145	65,239	78,536	27,850	16,359	11,548	9,284	10,933	27,985	18,160	17,320	41,210	25,585	46,509	48,653	35,083	39,044	63,263	39,032
`450/3`	46,689	55,178	58,303	72,022	22,641	11,720	6,640	4,803	8,655	15,152	10,941	10,266	29,081	13,313	38,261	35,493	20,865	24,152	49,073	24,701
`454/9`	12,450	10,967	6,936	6,514	5,208	4,639	4,908	4,481	2,277	12,833	7,219	7,055	12,129	12,272	8,247	13,161	14,218	14,892	14,190	14,331
`47/48`	94,844	88,982	1,337	120	6,134	20,939	925	109	87	87	20,027	267	108,240	8,340	10,255	60,990	52,400	-	200	-
`492/3`	-	-	-	6,514	750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	75	123
`9900`	141,225	157,030	129,077	164,593	154,223	68,449	27,020	47,181	107,499	136,421	196,838	99,348	210,122	157,025	250,699	303,634	160,816	212,941	191,776	186,553
`62`	98,635	89,527	47,507	46,108	39,337	30,620	44,044	38,629	82,014	125,328	99,977	118,565	113,145	94,349	99,433	122,800	119,158	102,260	104,462	93,152
`630`	2,229	13,906	19,303	10,168	9,034	13,067	15,314	8,327	7,975	34,831	41,439	40,064	29,806	34,848	42,974	48,988	57,853	24,745	23,944	34,060
`631/4`	-12,415	-12,297	9,963	-4,830	-1,142	18,837	-11,307	-13,157	-9,860	2,220	595	10,445	-7,865	4,972	51,425	-7,886	9,804	35,853	-26,759	1,587
`640/8`	864	892	4,207	1,229	1,727	2,898	4,202	2,646	1,789	1,780	7,037	1,248	1,144	8,030	2,236	1,648	1,549	871	1,434	1,067
`66A`	7,739	-	-	-	-	-	-	-	92,634	-	-	-	-	-	-	159	4	-	4	177
`9901`	44,172	65,001	48,096	111,918	105,268	3,028	-25,233	10,736	-67,053	-27,738	47,791	-70,974	73,892	14,826	54,632	138,085	-27,548	49,213	88,696	56,688
`75/76B`	16,843	14,477	13,785	11,521	6,600	6,890	13,767	13,334	10,849	12,087	12,327	19,343	17,694	19,204	23,127	17,873	16,454	25,675	21,659	19,017
`75`	16,843	14,477	13,785	11,521	6,600	6,890	13,767	13,334	10,849	12,087	12,327	19,343	17,694	19,204	23,127	17,873	16,454	25,675	21,659	19,017
`65/66B`	12,197	4,099	4,088	2,757	3,048	2,261	4,255	4,466	6,264	13,396	16,203	17,207	18,283	19,886	21,640	19,655	19,399	14,572	14,357	13,643
`65`	12,197	4,099	4,088	2,757	3,048	2,261	4,255	4,466	6,264	13,396	16,203	17,207	18,283	19,886	21,640	19,655	19,399	14,572	14,357	13,643
`9903`	48,819	75,380	57,794	120,682	108,821	7,657	-15,721	19,604	-62,469	-29,047	43,915	-68,838	73,303	14,143	56,118	136,144	-30,495	60,318	96,069	62,008
`67/77`	15,322	21,523	16,604	36,102	24,282	523	577	558	280	-462	9,689	450	22,384	13,032	15,469	26,783	-	14,651	38,702	13,079
`9904`	33,497	53,857	41,190	84,581	84,538	7,133	-16,298	19,046	-62,749	-28,585	34,226	-69,288	50,919	1,112	40,650	109,361	-30,495	45,667	57,366	48,929
`789`	-	-	-	-	-	-	-	-	-	-	-	37,500	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,750
`9905`	33,497	53,857	41,190	84,581	84,538	7,133	-16,298	19,046	-62,749	-28,585	34,226	-31,788	50,919	1,112	40,650	109,361	-30,495	45,667	57,366	30,179
Appropriation of the result
`9906`	33,497	53,857	41,190	84,581	75,374	-9,165	-16,298	4,718	-14,328	48,421	99,266	65,039	204,887	162,028	168,976	136,387	27,026	100,521	111,354	83,987
`14P`	-	-	-	-	-9,165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	0	107,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	33,497	53,857	148,440	84,581	70,324	-	-	4,718	-	-	2,500	-	-	-	-	-	-	43,000	56,500	30,000
`6920`	-	-	-	1,782	-	-	-	4,718	-	-	2,500	-	-	-	-	-	-	-	-	-
`6921`	33,497	53,857	148,440	82,799	70,324	-	-	-	-	-	-	-	-	-	-	-	-	43,000	56,500	30,000
`694/7`	-	-	-	-	5,050	-	-	-	-	-	19,760	-	108,060	8,060	8,060	8,060	-	-	-	-
`694`	-	-	-	-	-	-	-	-	-	-	19,760	-	108,060	8,060	8,060	8,060	-	-	-	-
`695`	-	-	-	-	5,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	2.2	2	1	1	1	1	1.1	1.1	1.8	3	2.6	3.3	4.1	4.1	2.5	2.6	2.6	2.5	2.6	3.3
Hours worked`1013`	3,871	3,531	1,702	1,620	1,660	1,308	1,776	1,754	3,021	5,126	4,523	5,377	5,890	4,013	3,810	4,290	4,362	4,449	4,366	4,419
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 02-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	02-06-2026	2026-00131481	PDF
31-12-2024	full format	02-07-2025	2025-00222075	PDF
31-12-2023	full format	30-08-2024	2024-00403109	PDF
31-12-2022	full format	28-06-2023	2023-00167406	PDF
31-12-2021	full format	31-08-2022	2022-20368153	PDF
31-12-2020	full format	28-07-2021	2021-45600311	PDF
31-12-2019	full format	30-06-2020	2020-24500589	PDF
31-12-2018	full format	07-08-2019	2019-44500535	PDF
31-12-2017	micro format	30-09-2018	2018-68700423	PDF
31-12-2016	full format	23-08-2017	2017-46800308	PDF
31-12-2015	full format	10-08-2016	2016-41400211	PDF
31-12-2014	full format	12-08-2015	2015-41300396	PDF
31-12-2013	full format	02-07-2014	2014-25400164	PDF
31-12-2012	full format	26-06-2013	2013-22800598	PDF
31-12-2011	full format	08-07-2012	2012-28800528	PDF
31-12-2010	full format	27-06-2011	2011-22000422	PDF
31-12-2009	full format	25-06-2010	2010-22400330	PDF
31-12-2008	full format	28-04-2009	2009-12200388	PDF
31-12-2007	full format	06-05-2008	2008-13100292	PDF
31-12-2006	full format	29-05-2007	2007-16500383	PDF
31-12-2005	full format	23-05-2006	2006-16202032	PDF
31-12-2004	full format	28-04-2005	2005-12900255	PDF
31-12-2003	full format	29-04-2004	2004-12300112	PDF
31-12-2002	full format	05-05-2003	2003-12400270	PDF
31-12-2001	full format	03-05-2002	2002-11300039	PDF
31-12-2000	full format	03-05-2001	2001-11300120	PDF
31-12-1999	full format	28-04-2000	2000-10800246	PDF
31-12-1998	full format	27-05-1999	1999-12301641	PDF
31-12-1997	full format	04-05-1998	1998-08303622	PDF
31-12-1996	full format	07-05-1997	1997-07600226	PDF
31-12-1995	full format	15-05-1996	1996-09500046	PDF
31-12-1994	full format	21-04-1995	1995-05904787	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
46,402	78,908	67,400	122,086	114,302	16,094	-9,919	19,063	-59,079	7,093	89,229	-30,910	103,698	49,674	97,606	187,073	30,304	73,958	112,640	90,748
35,726	67,764	60,493	94,748	93,572	20,200	-984	27,373	-54,774	6,246	75,665	-29,224	80,725	35,960	83,624	158,349	27,358	70,412	81,311	82,989
8,870	1,504	59,271	14,033	0	1,287	47,249	4,735	-92,634	0	19,756	131,726	7,733	28,501	14,237	7,107	177,263	21,838	2,391	49,353
76,063	263,656	-14,489	-12,599	-39,103	-8,342	-28,659	46,104	-3,400	-28,020	60,810	-81,138	67,489	44,112	-104,990	74,510	-16,894	15,831	26,036	-
515,307	460,721	492,041	489,495	403,016	317,126	304,897	339,638	331,871	318,950	336,964	324,413	307,696	351,983	374,017	330,767	208,488	296,466	265,496	186,412
73.5%	71.1%	81.2%	82.4%	88.8%	85.5%	85.3%	86.2%	81.0%	74.7%	72.3%	69.5%	64.8%	81.1%	71.3%	67.7%	59.2%	79.0%	70.7%	62.0%
3.67	3.39	5.63	5.82	8.71	6.82	7.43	7.06	6.27	4.42	4.45	4.55	2.46	4.74	3.48	3.23	2.42	4.60	3.73	3.08
2.50	2.16	3.47	4.12	4.94	2.40	3.01	2.65	2.50	1.53	1.73	1.63	1.34	1.93	1.63	1.57	0.69	2.01	1.63	0.90
0.36	0.41	0.23	0.21	0.13	0.17	0.17	0.16	0.24	0.34	0.38	0.44	0.54	0.23	0.40	0.48	0.69	0.27	0.41	0.61
6.3%	10.8%	7.7%	16.7%	20.1%	2.1%	-4.9%	5.4%	-19.0%	-7.3%	8.1%	-17.0%	13.1%	0.3%	9.0%	26.1%	-9.6%	13.1%	19.0%	22.2%
4.6%	7.7%	6.2%	13.8%	17.9%	1.8%	-4.2%	4.7%	-15.3%	-5.4%	5.9%	-11.8%	8.5%	0.2%	6.4%	17.7%	-5.7%	10.4%	13.4%	13.8%
3.80	19.25	16.49	44.28	37.51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	3	3	1	1	1
full-time	1	1	1	1	1
part-time	2	2	-	-	-
in full-time equivalents	2.2	2.2	1	1	1
	2.2	2	1	1	1
On a permanent contract	3	2	1	1	1
Joined	0	2	-	-	-
Left	0	1	-	-	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€8,870	€1,504	€59,271	€14,033	-
Financial fixed assets	€0	-	-	-	-
	€2,229	€13,906	€19,303	€10,168	€9,034

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on GULLIVER

The operating result for 2025 is 32% lower than in 2024 and the lowest since 2020.

Debt's share of the balance-sheet total falls from 28.9% to 26.5%. Equity is higher and debt is lower.

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency73.5%

Current ratio3.67

Return on assets4.6%

Staff

Staff cost per FTE€44,834

Joined and leftlevel

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on GULLIVER

Next steps

in euro

in euro

73.5%

3.67

4.6%

€44,834

level