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Complete company report
Generated 01-08-2026
Active BE 0464.506.769Private limited company (pre-2019)

GULTEX

· 27 yrs active
Conclusion Checked

The file of GULTEX contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 2.3% (moderate). The 2021 annual accounts show negative equity (€-23k) and a net result of €3k. Equity is growing by ~16.9% per year across the filed fiscal years.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €-23k
Net result €3k
Staff (FTE) 5.1
Active 27 yrs
Snowflake analysis 5 axes · computed by Checked
Health11Profitability0Solvency33Growth78Stability85
41 / 100

Fragile profile, watch profitability in particular.

Health 11
Profitability 0
Solvency 33
Growth 78
Stability 85
Bankruptcy probability (12 mo) Checked model v1 · free
2.3% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +No NACE activity registered +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
20 / 100
Moderate risk
Components
· 2 historical bankruptcy publications (+20)
Trust signals 1 signals
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
11 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · micro
€-75k€-50k€-25k€0€25kOperating result 2018: €-33k€-33kNet result 2018: €-60k€-60kOperating result 2019: €25k€25kNet result 2019: €-45k€-45kOperating result 2020: €7k€7kNet result 2020: €-44k€-44kOperating result 2021: €8k€8kNet result 2021: €3k€3k2018201920202021
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~16.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-60k€-40k€-20k€02022: €-17k (€-22k - €-13k)2023: €-13k (€-20k - €-6k)2024: €-9k (€-19k - €1k)2018: €-41k2019: €-26k2020: €-25k2021: €-23k2018201920202021202220232024
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).

EBITDA
€13k
+58.5% 18-21
Net profit
€3k
- 18-21
Cash flow
€7k
- 18-21
Total assets
€126k
+5.3% 18-21
Equity
€-23k
+10.2% 18-21
Working capital
€-77k
+3.4% 18-21
Employees (FTE)
5
-3.8% 18-21
Staff costs
€87k
- 18-21
Income taxes
€135
-12.0% 18-21
Debt
€148k
+2.6% 18-21
Debt ≤ 1y
€148k
+2.6% 18-21
Current ratio
0.48
+7.2% 18-21
Quick ratio
0.48
+13.9% 18-21
Solvency
-18.1%
+14.7% 18-21
Debt / equity
-6.53
- 18-21
ROE
-11.3%
- 18-21
ROA
2.1%
- 18-21
Interest coverage
2.18
- 18-21
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€13k
Net profit€3k
Cash flow€7k
Staff costs€87k
Income taxes€135
Dividends-
Total assets€126k
Equity€-23k
Debt€148k
of which ≤ 1y€148k
of which > 1y-
Working capital€-77k
Employees (FTE)5.1
Ratios (computed)
2021
Current ratio0.48
Quick ratio0.48
Working capital ratio-61.6%
Solvency-18.1%
Debt / equity-6.53
Long-term debt ratio-
Interest coverage2.18
Gross margin-
Net margin-
ROA2.1%
ROE-11.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€126k
Fixed assets 21/28€55k
Tangible fixed assets 22/27€14k
Financial fixed assets 28€41k
Current assets 29/58€71k
Amounts receivable within one year 40/41€40k
Cash & bank 54/58€29k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€126k
Equity 10/15€-23k
Contributions / capital 10/11€19k
Accumulated profits (losses) 14€-41k
Amounts payable 17/49€148k
Amounts payable within one year 42/48€148k
Trade debts payable within one year 44€40k
Income statement
Gross operating margin 9900€113k
Operating result 9901€8k
Financial income 75€632
Financial charges 65€6k
Result before taxes 9903€3k
Income taxes 67/77€135
Net result for the period 9904€3k
Result to be appropriated 9905€3k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ROMAIN OGER
RUE DES DéPORTéS 82, 4800 VERVIERS
 03-04-2023 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation13-11-1998
StatusActive
Postal code-
First BS signal 11-04-2023
Latest BS signal 19-05-2026
Company structure, linked entities1 linked entities
GULTEXBE 0464.506.769ROMAIN OGERReceiver
Mandates
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
19-05-2026
Bankruptcy Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · GULTEX SRL RUE ANDRE- WINANDS 1, 4000 LIEGE 1. déclarée le 3 avril 2023 · event 12-05-2026
2023
11-04-2023
Bankruptcy Opening
Tribunal de l’entreprise de Liège, division Liège · GULTEX SRL RUE ANDRE-WINANDS 1, 4000 LIEGE 1 · event 03-04-2023
2022
23-11-2022
State Gazette act Director changes
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
02-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
24-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
11-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
21-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
26-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
14-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
22-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
29-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
01-07-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
Lifecycle & Insolvency Signals 2 events
19-05-2026
Bankruptcy Bankruptcy closure (by liquidation)
Date: 12-05-2026 · Tribunal de l’entreprise de Liège, division Liège · GULTEX SRL RUE ANDRE- WINANDS 1, 4000 LIEGE 1. déclarée le 3 avril 2023 · Publications in State Gazette ↗
11-04-2023
Bankruptcy Opening
Date: 03-04-2023 · Tribunal de l’entreprise de Liège, division Liège · GULTEX SRL RUE ANDRE-WINANDS 1, 4000 LIEGE 1 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-04-11 · Bankruptcy · Opening2026-05-19 · Bankruptcy · Bankruptcy closure (by liquidation)
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
23-11-2022 1 director appointed, 1 resigning Director changes
  • Uysal Serdar, Bestuurder
  • Gocen Abdullah, Bestuurder
Technical details 
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    {
      "kind": "director_out",
      "role": "administrateur",
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        "name": "Gocen Abdullah",
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    },
    {
      "kind": "director_in",
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-11-14",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-11-02",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0464.506.769",
    "name_full": "GULTEX",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR GULTEX
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative