Equity
€55,620 from €165,927 in 2018
Equity fell by 66% in 7 years.
GULO
Lifetime
13 annual accounts with figures on one time axispeak €69,022 (2015)
€44,446▲ 116%
lowest -€5,364 (2022)
€13,078▲ 278%
peak €165,927 (2018)
€55,620▲ 24.9%
€95,745▼ 62.6%
Board2 names since 2011
2 directorsJohn Wittesaele and 1 other
Documentsfilings and deeds
07-09-202638 days late
2025micro format
Gross margin from €20,605 to €44,446Result from €3,457 to €13,078Dividend €2,000Equity from €44,542 to €55,620Debts from €255,865 to €95,745Cash from €12,745 to €57,314
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 52% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
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: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.6%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.3%▼ -0.3 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.1%▼ -0.5 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 38 days late; 2 of the last 3 accounts late
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 0.89, cash €57,314
Size: total assets €151,365
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 35% of them on solvency, 56% on liquidity, 46% on profitability and 70% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as GULO has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GULO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for GULO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.89 (0.38 in 2024), below 1. Short-term debt is 63.3% and cash 37.9% of total assets. 63.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 38 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
38 days late
2024
61 days late
2023
5 days early
2022
3 days early
2021
5 days early
2020
26 days late
2018
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
JW
John Wittesaele
Director, since 14-11-2011
SD
Sofie De Greef
Director, since 02-06-2014
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0841058591
Amendment of the articles · Legal-form change · Resignations & appointments
Director in office: John Wittesaele · Director in office: Sofie De Greef · General meeting of 27-10-2023 · Gazette deed
Incorporation
published on 28-11-2011 · Gazette deed
First establishment
GULO BVBA, Hallerbosstraat 92, Halle
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as GULO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €137,000 and €173,000, founded between 2011 and 2013.
Official details
Source: KBO- Status
- Active since 16-11-2011Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.207.738.6081500 Halle, since 14-11-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Insights on GULO
GULO files the micro format. That format states no turnover. The gross margin rose from -€2,890 in 2012 to €44,446 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GULO
- What is the company number of GULO?
- The company number of GULO is 0841.058.591. The VAT number is the same number with BE in front: BE 0841.058.591.
- Where is GULO based?
- The registered office is at Hallerbosstraat 92, 1500 Halle.Company details
- What does GULO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of GULO?
- GULO is a private limited company (BV).
- When was GULO founded?
- GULO was founded on 16-11-2011.
- Is GULO still active?
- Yes, GULO is an active enterprise in the KBO register.
- What is the turnover of GULO?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €44,446 and 144 comparable companies (NACE 70200). It probably lies between €77,000 and €180,000.Financials
- Is GULO profitable?
- In financial year 2025, GULO made a profit of €13,078.
- Where can I find the annual accounts of GULO?
- GULO filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GULO due?
- GULO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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