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GUNASTERCK

Active
Public limited companyfounded 199926 yrs activeKouterstraat 33, 9240 Zele, BelgiumKBO/BCE: BE 0467.905.036
Summary

GUNASTERCK has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,744 and a net result of €33,928. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability76=
Solvency50▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.72 in 2024; short-term debt: 34% and cash: 33% of total assets), and 75.2% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
24.8%
Return on assets
6.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €137,744
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
25 d late
2024
3 d early
2023
8 d early
2022
21 d early
2021
6 d early
2020
30 d late
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 December 1999, GUNASTERCK was incorporated.1 Total assets went from EUR 600,175 in 2018 to EUR 554,863 in 2025 and headcount from 1.3 to 1.6 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33,928▲ 14.9%
2024 · €29,535
Working capital
€16,159
2024 · -€49,472
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€33,333▼ 61.7%-€50,938-€15,935▲ 68.7%€32,763€36,851▲ 12.5%
Net result€24,176within the sector's middle half▼ 69.1%-€63,073below the sector's middle half-€32,292below the sector's middle half▲ 48.8%€29,535within the sector's middle half€33,928within the sector's middle half▲ 14.9%
Equity€169,645within the sector's middle half▲ 16.6%€106,572within the sector's middle half▼ 37.2%€74,281within the sector's middle half▼ 30.3%€103,815within the sector's middle half▲ 39.8%€137,744below the sector's middle half▲ 32.7%
Total assets€642,148below the sector's middle half▲ 8.6%€590,087below the sector's middle half▼ 8.1%€477,534below the sector's middle half▼ 19.1%€508,733below the sector's middle half▲ 6.5%€554,863below the sector's middle half▲ 9.1%
Debt€472,503▲ 6.0%€483,515▲ 2.3%€403,253▼ 16.6%€404,917▲ 0.4%€417,119▲ 3.0%
Working capital-€33,979within the sector's middle half▲ 63.5%-€73,972within the sector's middle half▼ 118%-€111,202within the sector's middle half▼ 50.3%-€49,472within the sector's middle half▲ 55.5%€16,159within the sector's middle half
Solvency26.4%within the sector's middle half▲ 1.8pp18.1%within the sector's middle half▼ 8.4pp15.6%within the sector's middle half▼ 2.5pp20.4%within the sector's middle half▲ 4.9pp24.8%within the sector's middle half▲ 4.4pp
Current ratio0.86within the sector's middle half▲ 0.280.71within the sector's middle half▼ 0.150.36below the sector's middle half▼ 0.350.72within the sector's middle half▲ 0.361.09within the sector's middle half▲ 0.37
Return on assets (ROA)3.8%within the sector's middle half▼ 9.5pp-10.7%below the sector's middle half▼ 14.5pp-6.8%below the sector's middle half▲ 3.9pp5.8%above the sector's middle half▲ 12.6pp6.1%above the sector's middle half▲ 0.3pp
Staff (FTE)1within the sector's middle half▼ 16.7%1.1within the sector's middle half▲ 10.0%1.6within the sector's middle half▲ 45.5%1.6within the sector's middle half=1.6within the sector's middle half=
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€75,000-€50,000-€25,000€0€25,000Operating result 2021: €33,333€33,333Net result 2021: €24,176€24,176Operating result 2022: -€50,938-€50,938Net result 2022: -€63,073-€63,073Operating result 2023: -€15,935-€15,935Net result 2023: -€32,292-€32,292Operating result 2024: €32,763€32,763Net result 2024: €29,535€29,535Operating result 2025: €36,851€36,851Net result 2025: €33,928€33,92820212022202320242025-€40,000-€20,000€0€20,000€40,000Operating result 2023: -€15,935-€15,900Net result 2023: -€32,292-€32,300Operating result 2024: €32,763€32,800Net result 2024: €29,535€29,500Operating result 2025: €36,851€36,900Net result 2025: €33,928€33,900202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554,863
Fixed assets €349,849 ▼ 8.4%
Current assets €205,014 ▲ 61.5%
Equity and liabilities €554,863
Equity €137,744 ▲ 32.7%
Debt €417,119 ▲ 3.0%
Debt's share of the balance-sheet total falls from 79.6% to 75.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€68,816▲
2024 · €64,728
Cash flow
€65,893▲
2024 · €61,500
Debt to equity
3.03▼
2024 · 3.90
ROE
24.6%▼
2024 · 28.4%
Interest coverage
17.04▲
2024 · 16.27
Debt ≤ 1 year
€188,855▲
2024 · €176,391
Debt > 1 year
€228,264=
2024 · €228,264
Income taxes
€14
Staff costs
€69,115▲
2024 · €62,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
0.8% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,815 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€508,733€554,863▲
Fixed assets21/28€381,814€349,849▼
Tangible fixed assets22/27€381,739€349,775▼
Land and buildings22€352,654€327,584▼
Plant, machinery and equipment23€23,102€19,563▼
Furniture and vehicles24€5,983€2,627▼
Financial fixed assets28€74€74=
Current assets29/58€126,919€205,014▲
Amounts receivable within one year40/41€16,430€15,470▼
Trade receivables40€3,810€2,930▼
Other amounts receivable41€12,620€12,540▼
Cash at bank and in hand54/58€104,882€183,349▲
Deferred charges and accrued income490/1€5,608€6,195▲
Equity and liabilities
Total equity and liabilities10/49€508,733€554,863▲
Equity10/15€103,815€137,744▲
Contributions10/11€262,000€262,000=
Capital10€262,000€262,000=
Issued capital100€262,000€262,000=
Profit (loss) carried forward14-€158,185-€124,256▲
Amounts payable17/49€404,917€417,119▲
Amounts payable after more than one year17€228,264€228,264=
Financial debts170/4€223,104€223,104=
Other amounts payable178/9€5,160€5,160=
Amounts payable within one year42/48€176,391€188,855▲
Trade debts44€12,813€17,035▲
Suppliers440/4€12,813€17,035▲
Taxes, remuneration and social security45€8,817€13,280▲
Taxes450/3€162€192▲
Remuneration and social security454/9€8,655€13,088▲
Other amounts payable47/48€154,761€158,540▲
Accrued charges and deferred income492/3€262€0▼
Income statement Code20242025
Remuneration, social security and pensions62€62,036€69,115▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,965€31,965=
Other operating charges640/8€8,969€9,409▲
Gross operating margin9900€135,733€147,340▲
Operating profit (loss)9901€32,763€36,851▲
Financial income75/76B€749€1,130▲
Recurring financial income75€749€1,130▲
Financial charges65/66B€3,977€4,039▲
Recurring financial charges65€3,977€4,039▲
Profit (loss) for the period before taxes9903€29,535€33,942▲
Income taxes67/77-€14
Profit (loss) for the period9904€29,535€33,928▲
Profit (loss) for the period to be appropriated9905€29,535€33,928▲
Appropriation of the result
Profit (loss) to be appropriated9906-€158,185-€124,256▲
Profit (loss) brought forward from the previous period14P-€187,720-€158,185▲
Social balance
Average headcount (FTE)90871.61.6=

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A--€0---
Remuneration, social security and pensions62€36,550€54,435€62,363€62,036€69,115▲ 11.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,379€26,379€27,389€31,965€31,965=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€951-----
Other operating charges640/8€15,937€7,701€9,526€8,969€9,409▲ 4.9%
Gross operating margin9900€111,248€37,576€83,344€135,733€147,340▲ 8.6%
Operating profit (loss)9901€33,333-€50,938-€15,935€32,763€36,851▲ 12.5%
Financial income75/76B€250€1,980€653€749€1,130▲ 50.7%
Recurring financial income75€250€527€653€749€1,130▲ 50.7%
Non-recurring financial income76B-€1,452----
Financial charges65/66B€9,362€14,027€17,010€3,977€4,039▲ 1.5%
Recurring financial charges65€9,362€14,027€17,010€3,977€4,039▲ 1.5%
Profit (loss) for the period before taxes9903€24,221-€62,985-€32,292€29,535€33,942▲ 14.9%
Income taxes67/77€44€87€0-€14-
Profit (loss) for the period9904€24,176-€63,073-€32,292€29,535€33,928▲ 14.9%
Profit (loss) for the period to be appropriated9905€24,176-€63,073-€32,292€29,535€33,928▲ 14.9%
Line20212022202320242025Change
Assets
Total assets20/58€642,148€590,087€477,534€508,733€554,863▲ 9.1%
Fixed assets21/28€435,187€408,808€413,779€381,814€349,849▼ 8.4%
Tangible fixed assets22/27€435,101€408,722€413,704€381,739€349,775▼ 8.4%
Land and buildings22€427,864€402,794€377,724€352,654€327,584▼ 7.1%
Plant, machinery and equipment23€7,237€5,928€26,641€23,102€19,563▼ 15.3%
Furniture and vehicles24--€9,339€5,983€2,627▼ 56.1%
Financial fixed assets28€86€86€74€74€74=
Current assets29/58€206,961€181,278€63,755€126,919€205,014▲ 61.5%
Amounts receivable within one year40/41€18,048€11,858€31,940€16,430€15,470▼ 5.8%
Trade receivables40€13,937€70€19,390€3,810€2,930▼ 23.1%
Other amounts receivable41€4,111€11,787€12,550€12,620€12,540▼ 0.6%
Current investments50/53€152,374€152,374----
Cash at bank and in hand54/58€32,306€12,529€31,001€104,882€183,349▲ 74.8%
Deferred charges and accrued income490/1€4,233€4,517€815€5,608€6,195▲ 10.5%
Equity and liabilities
Total equity and liabilities10/49€642,148€590,087€477,534€508,733€554,863▲ 9.1%
Equity10/15€169,645€106,572€74,281€103,815€137,744▲ 32.7%
Contributions10/11€262,000€262,000€262,000€262,000€262,000=
Capital10€262,000€262,000€262,000€262,000€262,000=
Issued capital100€262,000€262,000€262,000€262,000€262,000=
Profit (loss) carried forward14-€92,355-€155,428-€187,720-€158,185-€124,256▲ 21.4%
Amounts payable17/49€472,503€483,515€403,253€404,917€417,119▲ 3.0%
Amounts payable after more than one year17€223,104€228,264€228,264€228,264€228,264=
Financial debts170/4€223,104€223,104€223,104€223,104€223,104=
Other amounts payable178/9-€5,160€5,160€5,160€5,160=
Amounts payable within one year42/48€240,940€255,251€174,958€176,391€188,855▲ 7.1%
Trade debts44€10,679€13,327€11,593€12,813€17,035▲ 33.0%
Suppliers440/4€10,679€13,327€11,593€12,813€17,035▲ 33.0%
Taxes, remuneration and social security45€9,043€7,377€12,345€8,817€13,280▲ 50.6%
Taxes450/3€1,256€647€929€162€192▲ 18.6%
Remuneration and social security454/9€7,788€6,730€11,416€8,655€13,088▲ 51.2%
Other amounts payable47/48€221,217€234,547€151,020€154,761€158,540▲ 2.4%
Accrued charges and deferred income492/3€8,460-€31€262€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904€24,176-€63,073-€32,292€29,535€33,928▲ 14.9%
+ Depreciation and write-downs630€26,379€26,379€27,389€31,965€31,965=
Operating cash flow (approximation)€50,555-€36,694-€4,902€61,500€65,893▲ 7.1%
Investment in fixed assets (approximation)-€0-€32,359€0€0-
Change in cash--€19,777€18,472€73,881€78,467▲ 6.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €29,535
Net result €29,535 after 2 loss-making years.
31-12
Financial Equity above €100,000Eq €103,815 ▲39.8%
Equity rises from €74,281 to €103,815.
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€63,073
Net result drops to -€63,073, the lowest in the series; recovery starts the following year.
25-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Equity above €150,000Eq €169,645 ▲16.6%
2 profitable years in a row build equity to €169,645.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial Back to profitnet €78,242
Net result €78,242 after one loss-making year.
31-12
Financial Equity above €100,000Eq €145,469
Equity rises from -€124,861 to €145,469.
Show earlier events
28-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
26-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2000
seat establishment The establishment unit on the map
Ground area
413 m²
Building footprint
221 m²
Volume, LiDAR
2,420 m³
Parcel 42402F0714/00E000, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kouterstraat 33, 9240 Zele
NACE 1513103
since 20002.099.310.226
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42402F0714/00E000 Flanders 413 m² 1 · 221 m² 14.7 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. CERTYN JULIENNE MARIA 98%
  2. CERTYSTERCK 76.34%
  3. GUNASTERCK

Highest known parent: CERTYN JULIENNE MARIA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Zele2.099.310.226
1 permission
Toelating · Andere grootkeuken (bereiding - distributie maaltijden) · since 02-08-2023

Care and welfare

2 services · 0 live
Hof Ter Kouter
Care and Health agency · under review
Groep van Assistentiewoningen
Hof Ter Kouter
Care and Health agency · ended
Meldingsplichtige Groep van Assistentiewoningen

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 4,490 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded02-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.