GULO
ActiveSummary
The computed 12-month bankruptcy probability of GULO is 2.3% (moderate). The annual accounts of GULO for financial year 2024 show a net loss of 50% of the equity at the start of that year. The 2024 annual accounts show equity of €182,164 and a net result of -€185,193. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 19,153 sector peers (NACE 68, financial year 2024). The company has been active since 1953 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Buying and selling of own real estate
NACE 68110Development of residential building projects NACE 68121
Oldest company in Ranst, Real estate sector1 site
Size
€1.5mtotal assets 2024
- Staff
- 2 FTE
- Equity
- €182,164
- Loss
- -€185,193
Turnover not published (abbreviated or micro format)
Structure
- Koen ZagersDirector
2025 accounts not filed, 86 days past the deadline2 of 8 deeds summarised
Why 51raises riskLiquidity: current ratio 0.89, cash €9,956, halvedFigures for financial year 2024 (filed 03-09-2025)Loss of €185,193, the second in a row (financial year 2024)lowers riskSize: total assets €1.5mShow the evidence
Checked score
Score 2024
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 68, micro)
Financial strength · tick = 2023
Weak
Solvency
37-20
equity 12.1% of total assets
Liquidity
5-23
short-term debt 82.9% · cash 0.7%
Profitability
3-10
return on assets -12.3%
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%lowest value
12-2024: 0.1%● unchanged vs 11-2024lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 1.1%▲ +0.8 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.8%▲ +0.6 percentage points vs 07-2026
09-2026: 1.9%▲ +0.1 percentage points vs 08-2026
10-2026: 2.3%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €9,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.89, compared with 1.57 in 2023, below 1; short-term debt: 82.9% and cash: 0.7% of total assets), and 87.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 33% on solvency, 8% on liquidity, 10% on profitability and 12% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€185,193
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 86 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline25-10-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
31 days late
2023
on the day
2022
on the day
2021
2 days early
2020
1 day early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Algemene Vergadering - BoekjaarAmendment of the articles ·…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
In the rankings
#1 oldest company in Ranst, Real estate sector
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 25 October 2026.
Equity
€182,164▼ 50.4%
2023 · €367,358
Total assets
€1.5m▲ 29.5%
2023 · €1.2m
Net result
-€185,193▼ 239%
2023 · -€54,650
Working capital
-€138,512
2023 · €390,470
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €175,277 in 2024 against €41,781 in 2023; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.2m
2024
Net result-€0.2m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.5m
2024
Equity€0.2m
2024
Debt€1.3m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-12.3%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency12.1%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.89
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.02m-€0.03m▲ 24.8%-€0.2m€0.8m-€0.2m-€0.04m▲ 72.2%-€0.2m▼ 320%
Net result€0.01m-€0.02m▲ 13.0%-€0.3mbelow the sector's middle half€0.6mabove the sector's middle half-€0.2mbelow the sector's middle half-€0.05mbelow the sector's middle half▲ 66.0%-€0.2mbelow the sector's middle half▼ 239%
Equity€0.3m-€0.3m▲ 5.8%€0.03mwithin the sector's middle half▼ 88.1%€0.6mabove the sector's middle half▲ 19×€0.5mabove the sector's middle half▼ 25.1%€0.4mabove the sector's middle half▼ 23.5%€0.2mwithin the sector's middle half▼ 50.4%
Total assets€0.8m-€0.8m▼ 1.6%€0.4mwithin the sector's middle half▼ 54.0%€1.0mwithin the sector's middle half▲ 185%€1.2mabove the sector's middle half▲ 17.1%€1.2mabove the sector's middle half▼ 1.0%€1.5mabove the sector's middle half▲ 29.5%
Debt€0.5m-€0.5m▼ 5.6%€0.3m▼ 33.6%€0.3m▼ 10.3%€0.6m▲ 117%€0.7m▲ 16.4%€1.3m▲ 73.7%
Working capital€0.2m-€0.001m▼ 99.6%€0.02mwithin the sector's middle half▲ 29×€0.8mabove the sector's middle half▲ 48×€0.5mabove the sector's middle half▼ 41.7%€0.4mabove the sector's middle half▼ 19.2%-€0.1mbelow the sector's middle half
Solvency34.8%-37.5%▲ 2.6pp9.7%within the sector's middle half▼ 27.7pp63.8%above the sector's middle half▲ 54.1pp40.8%within the sector's middle half▼ 23.0pp31.5%within the sector's middle half▼ 9.3pp12.1%within the sector's middle half▼ 19.4pp
Current ratio1.33-1.00▼ 0.331.05within the sector's middle half▲ 0.0513.08above the sector's middle half▲ 12.031.82within the sector's middle half▼ 11.261.57within the sector's middle half▼ 0.260.89within the sector's middle half▼ 0.68
Return on assets (ROA)1.8%-2.0%▲ 0.3pp-71.7%below the sector's middle half▼ 73.8pp60.4%above the sector's middle half▲ 132.1pp-13.7%below the sector's middle half▼ 74.0pp-4.7%below the sector's middle half▲ 9.0pp-12.3%below the sector's middle half▼ 7.6pp
Staff (FTE)1.32▲ 53.8%2=2=
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€397,018 ▲ 354%
Current assets
€1.1m ▲ 3.2%
Equity and liabilities €1.5m
Equity
€182,164 ▼ 50.4%
Provisions
€76,342 ▼ 2.1%
Debt
€1.3m ▲ 73.7%
Debt's share of the balance-sheet total rises from 61.8% to 82.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€151,342▼
2023 · -€22,374
Cash flow
-€161,258▼
2023 · -€35,242
Quick ratio
0.04▼
2023 · 0.18
Debt to equity
6.87▲
2023 · 1.96
ROE
-101.7%▼
2023 · -14.9%
Interest coverage
-14.70▼
2023 · -1.87
Debt ≤ 1 year
€1.3m▲
2023 · €687,719
Income taxes
€1,254▲
2023 · €928
Staff costs
€53,250▲
2023 · €51,728
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 88.5% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
88.5%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,221 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €967,708 | €2,345 | €50,809 | €500 | ▼ 99.0% |
| Remuneration, social security and pensions62 | - | - | - | €46,064 | €66,481 | €51,728 | €53,250 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,205 | €641 | €1,129 | €10,964 | €18,468 | €19,408 | €23,935 | ▲ 23.3% |
| Other operating charges640/8 | - | - | - | €16,445 | €3,159 | €3,834 | €4,272 | ▲ 11.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,130 | - | - |
| Gross operating margin9900 | €31,743 | €36,187 | €63,839 | €877,988 | -€62,450 | €34,318 | -€93,820 | - |
| Operating profit (loss)9901 | €23,783 | €29,690 | -€224,736 | €804,515 | -€150,558 | -€41,781 | -€175,277 | ▼ 320% |
| Financial income75/76B | - | - | - | €40 | €71 | - | - | - |
| Recurring financial income75 | €745 | €3 | - | €40 | €71 | - | - | - |
| Financial charges65/66B | - | - | - | €1,164 | €8,683 | €11,941 | €10,293 | ▼ 13.8% |
| Recurring financial charges65 | €3,878 | €5,065 | €16,583 | €1,164 | €8,683 | €11,941 | €10,293 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €20,650 | €24,628 | -€241,320 | €803,392 | -€159,170 | -€53,722 | -€185,569 | ▼ 245% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €1,630 | - |
| Transfer to deferred taxes680 | - | - | - | €77,972 | - | - | - | - |
| Income taxes67/77 | €6,730 | €8,895 | €11,960 | €118,659 | €1,643 | €928 | €1,254 | ▲ 35.2% |
| Profit (loss) for the period9904 | €13,920 | €15,733 | -€253,280 | €606,760 | -€160,813 | -€54,650 | -€185,193 | ▼ 239% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €4,891 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €233,916 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,920 | €15,733 | -€253,280 | €372,844 | -€160,813 | -€54,650 | -€180,302 | ▼ 230% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.4m | €1.0m | €1.2m | €1.2m | €1.5m | ▲ 29.5% |
| Fixed assets21/28 | €0.1m | €0.3m | €0.02m | €0.1m | €0.1m | €0.09m | €0.4m | ▲ 354% |
| Tangible fixed assets22/27 | €0.006m | €0.006m | €0.02m | €0.1m | €0.1m | €0.09m | €0.4m | ▲ 354% |
| Land and buildings22 | - | - | - | - | €0.008m | €0.006m | €0.2m | ▲ 38× |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.003m | €0.002m | €0.1m | ▲ 60× |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.08m | €0.06m | ▼ 18.6% |
| Financial fixed assets28 | €0.1m | €0.3m | - | - | - | - | - | - |
| Current assets29/58 | €0.7m | €0.5m | €0.3m | €0.9m | €1.1m | €1.1m | €1.1m | ▲ 3.2% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.3m | €0.8m | €1.0m | €1.0m | €1.1m | ▲ 11.7% |
| Stocks30/36 | - | - | - | €0.8m | €1.0m | €1.0m | €1.1m | ▲ 11.7% |
| Amounts receivable within one year40/41 | €0.001m | €0.003m | €0.004m | €0.02m | €0.02m | €0.04m | €0.04m | ▼ 5.5% |
| Trade receivables40 | - | - | - | €0.01m | €0.02m | €0.03m | €0.03m | ▼ 17.4% |
| Other amounts receivable41 | - | - | - | €0.007m | €0.003m | €0.009m | €0.01m | ▲ 36.6% |
| Cash at bank and in hand54/58 | €0.3m | €0.04m | €150 | €0.1m | €0.008m | €0.08m | €0.01m | ▼ 87.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.004m | €0.004m | €433 | ▼ 89.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.4m | €1.0m | €1.2m | €1.2m | €1.5m | ▲ 29.5% |
| Equity10/15 | €0.3m | €0.3m | €0.03m | €0.6m | €0.5m | €0.4m | €0.2m | ▼ 50.4% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 1.8% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | - | - | -€0.3m | €0.1m | -€0.04m | -€0.1m | -€0.3m | ▼ 188% |
| Provisions and deferred taxes16 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | ▼ 2.1% |
| Deferred taxes168 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | ▼ 2.1% |
| Amounts payable17/49 | €0.5m | €0.5m | €0.3m | €0.3m | €0.6m | €0.7m | €1.3m | ▲ 73.7% |
| Amounts payable after more than one year17 | - | - | - | €0.2m | €0.03m | €0.03m | - | - |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.03m | €0.03m | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.3m | €0.07m | €0.6m | €0.7m | €1.3m | ▲ 81.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.006m | €0.004m | €0.003m | ▼ 30.1% |
| Financial debts43 | - | - | - | - | €0.4m | €0.5m | €1.1m | ▲ 132% |
| Credit institutions430/8 | - | - | - | - | €0.4m | €0.5m | €0.9m | ▲ 94.6% |
| Other loans439 | - | - | - | - | - | - | €0.2m | - |
| Trade debts44 | €0.006m | €0.02m | €0.005m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 40.9% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 40.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.06m | €0.03m | €0.007m | ▼ 76.4% |
| Taxes450/3 | - | - | - | €0.05m | €0.05m | €0.02m | €0.005m | ▼ 80.5% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.009m | €0.007m | €0.003m | ▼ 61.2% |
| Other amounts payable47/48 | - | - | - | - | €0.1m | €0.2m | €0.2m | ▼ 10.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.006m | €0.008m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,920 | €15,733 | -€253,280 | €606,760 | -€160,813 | -€54,650 | -€185,193 | ▼ 239% |
| + Depreciation and write-downs630 | €2,205 | €641 | €1,129 | €10,964 | €18,468 | €19,408 | €23,935 | ▲ 23.3% |
| Operating cash flow (approximation) | €16,125 | €16,374 | -€252,151 | €617,724 | -€142,345 | -€35,242 | -€161,258 | ▼ 358% |
| Investment in fixed assets (approximation) | - | -€185,000 | €268,876 | -€100,888 | -€17,719 | -€633 | -€333,524 | ▼ 52,584% |
| Change in cash | - | -€247,436 | -€39,196 | €104,936 | -€96,679 | €72,365 | -€70,817 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00476649 |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00327974 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00313887 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20266743 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-45100595 |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38900491 |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-39000192 |
| 31-12-2017 | abbreviated format | 28-05-2018 | 2018-14300091 |
| 31-12-2016 | abbreviated format | 20-06-2017 | 2017-19100395 |
| 31-12-2015 | abbreviated format | 31-05-2016 | 2016-14700469 |
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BE 0428.493.144
Elsene · equity €182,340
ESIX
BE 0645.944.576
Merelbeke-Melle · equity €182,386
Of the 7,228 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,427. 3,885 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
Koen Zagers
CurrentSole director · since 02-02-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
6 of this company's 8 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Koen Zagers |
|
| Linda De Meutter |
|
Owners and capital
Capital and shareholders
Capital over the years
- 02-02-2024 Capital stated in the deed · €65,000 · 60 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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History
Acts, filings and financial milestones
2025
29-12
Gazette deed
Algemene Vergadering - BoekjaarAmendment of the articles · Power of attorney3 facts ▸
Gazette deed
Algemene Vergadering - Boekjaar
Amendment of the articles · Power of attorney3 facts ▸
- General meeting, 23-12-2025
- Amendment of the articles
- Power of attorney, Koen Scheurweghs
31-08
NBB filing
Annual accounts filed
financial year 2024 · micro format · 31 days late
2024
31-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
02-02
Gazette deed
Resignations: Koen Zagers (lid raad van bestuur) and Linda De Meutter (lid raad van bestuur)Appointment: Koen Zagers (sole director) · Amendment of the articles · Capital12 facts ▸
Gazette deed
Resignations: Koen Zagers (lid raad van bestuur) and Linda De Meutter (lid raad van bestuur)
Appointment: Koen Zagers (sole director) · Amendment of the articles · Capital12 facts ▸
- General meeting, 30-01-2024
- Amendment of the articles (3 times)
- Amendment of the articles, 32
- Other provision, “historische naam- en vormwijzigingen, personenvennootschap met beperkte aansprakelijkheid” (deed in Dutch)
- Capital, €65,000
- Director resignation, Koen Zagers (lid raad van bestuur)
- Director resignation, Linda De Meutter (lid raad van bestuur)
- Director discharge, Koen Zagers
- Director discharge, Linda De Meutter
- Board rule, 1, “éénparig” (deed in Dutch)
- Director appointment, Koen Zagers (sole director)
- Registered office clause, “Massenhovensesteenweg 126,2520 Ranst” (deed in Dutch)
2023
31-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
29-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Back to profitnet €606,760
Net result €606,760 after one loss-making year.
31-12
Financial
Liquidity more than 12 timescurrent ratio 13.08
Current ratio from 1.05 to 13.08; short-term debt falls from €318,718 to €68,628.
31-12
Financial
Equity above €500,000equity €641,120 ▲1,766%
Equity rises from €34,359 to €641,120.
30-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Weakest financial yearnet -€253,280
Net result drops to -€253,280, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2019
24-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
28-05
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
20-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
31-05
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 48 annual accounts filed, the latest 10 are here; all 48 are under Financials.
2 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded30-03-1953
Financial year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404065772
Also
9925:BE0404065772
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0404.065.772
Recognitions · licences · registrations
Legal Entity Identifier
967600OLAYS32GZEAZ75
Environmental permits
6 applications in Flanders since 2021 · 5 granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 1953
Ground area
1,495 m²
Building footprint
273 m²
Parcel 11010B0321/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
GULO
since 1953unit no. 2.038.550.317
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11010B0321/00C000 | Flanders | 1,495 m² | 1 · 273 m² | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verrichten van alle beleggingen,zo roerend als onroerend; beheer van patrimonium voor eigen rekening en/of voor rekening van derden…” (deed in Dutch)
8 activities (deed in Dutch)
- Het verrichten van alle beleggingen,zo roerend als onroerend; beheer van patrimonium voor eigen rekening en/of voor rekening van derden
- Alle verrichtingen zoals kopen,verkopen,bouwen,laten bouwen,verkavelen,verbouwen,valoriseren,huren en verhuren en onder alle mogelijke vormen uitbaten van onbebouwde en gebouwde onroerende goederen,de financieringshuur van onroerende goederen,voor nijverheids- en handelsdoeleinden
- De verwerving van deelnemingen,onder om het even welke vorm,in alle commerciële,industriële,dienstverlenende of financiële ondernemingen,zowel Belgische als buitenlandse. De verwerving door inbreng,deelneming,inschrijving,aankoop,optie,versmelting,geldschieting of door enig ander middel,van aandelen,obligaties,waarden en effecten. De verwerving van brevetten en licenties welke de vennootschap zal kunnen behouden,exploiteren en beheren
- De coördinatie van bouw-,bouwvoltooiingswerken en renovatiewerken indien uitgevoerd door onderaannemers,de projectontwikkeling
- Het bemiddelen als agent in de verkoop van (prefab) bouwpakketten,het aanbrengen van verkavelings- en bouwprojecten en de promotie ervan
- De handel in,de in- en uitvoer van bouwmaterialen en van producten en machines betrekking hebbend op de bouwsector; het plaatsen van chapes,gietvloeren en polybetonvloeren; het plaatsen van scheidingswanden,schutsels,valse zolderingen,wand- en vloerbekleding; reiniging,onderhoud en herstelling van gebouwen en constructies allerhande,het ruimen en effenen van bouwterreinen en bouwwerven; onderhoud en aanleg van wegen,terreinen en parken,het plaatsen van omheiningen en afsluitingen
- Het verstrekken van raad,beheers- of bestuuradvies,het waarnemen van belangen,het opnemen en uitvoeren van mandaten,het verstrekken van alle diensten en van alle activiteiten in verband met administratie,het beleid en de controle van handels- en industriële ondernemingen
- De algemene uitbating van een stoeterij voor sportpaarden; het bemiddelen,verhandelen,import en export van paarden en van algemene paardensportartikelen; import-export van diepvriessperma voor sportpaarden; het africhten en op wedstrijd brengen van sportpaarden; algemene manège-activiteiten zoals lessen,verhuring van paarden en van stallingen; het organiseren van wedstrijden,show en veilingen voor sportpaarden in binnen- en buitenland; algemene nationale en internationale promotie van activiteiten voor paardensport en –fokkerij
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, voor zover dit geen wijziging veroorzaakt inzake het op de vennootschap toepasselijke taalregime” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director
- Board ruleHow the board is made up, meets and takes decisions.
- “C. Bestuur en vertegenwoordiging, algemene vergadering die bestuurder(s) benoemt” (deed in Dutch)“Sluiting van de jaarvergadering, zes jaren zolang artikel 7:85 §2 WVV niet gewijzigd is” (deed in Dutch)“Redelijkerwijze in vervanging kan worden voorzien, eerstvolgende algemene vergadering” (deed in Dutch)“Voorzitter, voorzitter” (deed in Dutch)“Tenminste meerderheid aanwezig of vertegenwoordigd, meerderheid van stemmen” (deed in Dutch)“Andersluidende beslissing algemene vergadering met gewone meerderheid, kosteloos” (deed in Dutch)“Waarvoor wet of statuten alleen algemene vergadering bevoegd, alleen of gezamenlijk zoals raad bepaalt” (deed in Dutch)“Algemene vergadering benoemt slechts een bestuurder” (deed in Dutch)“Alleen of gezamenlijk zoals enige bestuurder bepaalt, geheel bestuursbevoegdheden met mogelijkheid deel te delegeren” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Naar keuze van de aandeelhouder, register van de aandelen op naam in de zetel overeenkomstig het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 July to 30 June
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of December at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed