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GUNGOR

Active
Private limited companyfounded 2005active for 20 yearsMorekstraat 330, 9032 Gent, BelgiumKBO/BCE: BE 0878.050.928

The file of GUNGOR contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 4.5% (elevated). The 2025 annual accounts show negative equity (-€3,513) and a net result of -€156,902. Equity is growing by about 2.9% per year across the filed financial years. Its solvency ranks better than 13% of 1,003 sector peers (NACE 10, financial year 2025).

Risk analysisFollow ReportCompare
GUNGORActiveChecked score 37/100
Risk analysis ReportCompare

Overview

Activity
Artisanal bread and fresh pastry making
NACE 10712
1 site
Size
€1.3mtotal assets 2025
Equity
-€3,513
Loss
-€156,902
Turnover not published (abbreviated format)
Financial health
37 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
4.5%
Structure
2025 accounts filed 24 days late1 of 2 deeds summarised
Why 37raises riskLiquidity: current ratio 0.01Loss of €156,902, the second in a row (financial year 2025)Sector: Manufacture of food products (NACE 10)lowers riskSize: total assets €1.3mShow the evidence

Checked score

Score 2025
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 28% of its sector peers (NACE 10, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 25-11
equity -0.3% of total assets
Liquidity 70+28
short-term debt 34.0%
Profitability 3-24
return on assets -12.2%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,080 companies, NACE 10, micro)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.6%▲ +0.1 percentage points vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.8%▲ +0.2 percentage points vs 03-2025 05-2025: 1.3%▲ +0.5 percentage points vs 04-2025 06-2025: 1.6%▲ +0.3 percentage points vs 05-2025 07-2025: 2.3%▲ +0.7 percentage points vs 06-2025 08-2025: 2.5%▲ +0.2 percentage points vs 07-2025 09-2025: 2.9%▲ +0.4 percentage points vs 08-2025 10-2025: 4.7%▲ +1.8 percentage points vs 09-2025 11-2025: 4.7%● unchanged vs 10-2025 12-2025: 4.8%▲ +0.1 percentage points vs 11-2025 01-2026: 4.3%▼ -0.5 percentage points vs 12-2025 02-2026: 4.2%▼ -0.1 percentage points vs 01-2026 03-2026: 4.2%● unchanged vs 02-2026 04-2026: 4.2%● unchanged vs 03-2026 05-2026: 6.7%▲ +2.5 percentage points vs 04-2026highest value 06-2026: 4.5%▼ -2.2 percentage points vs 05-2026 07-2026: 4.5%● unchanged vs 06-2026 08-2026: 4.5%● unchanged vs 07-2026 09-2026: 4.5%● unchanged vs 08-2026 10-2026: 4.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.01, compared with 0.24 in 2024, below 1; short-term debt: 34% of total assets), and equity is negative.
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 10, micro): better than 19% on solvency, 75% on liquidity, 14% on profitability and 5% on growth.

The bankruptcy probability was computed on 29-10-2026 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).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.01
NBB · annual accounts
lowers risk · Size: total assets €1.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €156,902, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€3,513
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian Official Gazette, no current open procedure.
Belgian Official Gazette
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-05-2026, 24 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 filings
Deviation from the deadline
2025
24 days late
2024
389 days late
2023
1 day early
2022
31 days early
2021
17 days early
2020
40 days early
2019
50 days 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 39 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end30-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet -€156,902

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€3,513 View
  • Caution: Result fell in 2025from -€45,043 to -€156,902 ▼ 248% View
  • Caution: Among the weakest 5% on net resultsector median €34,170 · 1,002 companies -€156,902 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€156,902 View

By topic

Financials

Financial year
2025
Total assets
€1.3m
Loss
-€156,902
Solvency
-0.3%
Total assets▼ 7.1%
Net result
20192025
Go to Financials

Timeline

Events
25
Since
2007
Next accounts
by 30-04-2027
  1. 15-04-2025Bankruptcy reversal
  2. 03-04-2025Opening
  3. 29-04-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Artisanal bread and fresh pastry makingNACE 10712
Founded
15-12-2005
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
25
Purpose
“Vervaardiging van brood,broodjes,verse cakes,taarten en ander vers banketbakkerswerk door…” (deed in Dutch)
Go to Articles of association

Key facts about GUNGOR

What is the company number of GUNGOR?
0878.050.928. In Belgium the VAT number is the company number with BE in front: BE 0878.050.928.
Where is GUNGOR based?
The registered office is at Morekstraat 330, 9032 Gent.Company details
What does GUNGOR do?
According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
What is the legal form of GUNGOR?
Private limited company (BV).
When was GUNGOR founded?
On 15-12-2005.
Is GUNGOR still active?
Yes, GUNGOR is an active enterprise in the KBO register.
What is the turnover of GUNGOR?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GUNGOR profitable?
In financial year 2025, GUNGOR made a loss of €156,902.
Where can I find the annual accounts of GUNGOR?
GUNGOR filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GUNGOR due?
By 30-04-2027, for financial year 2026.Timeline

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