Gunst
ActiveSummary
Gunst has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,128 and a net result of €25,436. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 2356 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+7
Solvency30▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.99 in 2024; short-term debt: 6.8% and cash: 1.7% of total assets), and 94.9% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.1%
Return on assets
2.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 2356 sector peers (2025).
NBB · sector comparisonPosition among 2356 sector peers
Solvency
better than 11%
← weakest
strongest →
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 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €51,128
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
22 d early
2023
1 d early
2022
40 d early
2021
8 d early
2020
14 d late
2019
48 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 15 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€51,128▲ 86.5%
2024 · €27,410
Total assets
€1.0m▼ 3.9%
2024 · €1.0m
Net result
€25,436▲ 117%
2024 · €11,703
Working capital
€11,178
2024 · -€573
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health 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€41,522▲ 35.6%€37,972▼ 8.6%-€41,088€45,014€56,781▲ 26.1%
Net result€27,134below the sector's middle half▲ 4.2%€22,970below the sector's middle half▼ 15.3%-€51,663below the sector's middle half€11,703below the sector's middle half€25,436below the sector's middle half▲ 117%
Equity€41,518below the sector's middle half▲ 173%€69,088below the sector's middle half▲ 66.4%€17,425below the sector's middle half▼ 74.8%€27,410below the sector's middle half▲ 57.3%€51,128below the sector's middle half▲ 86.5%
Total assets€251,382below the sector's middle half▼ 6.6%€275,548below the sector's middle half▲ 9.6%€1.0mwithin the sector's middle half▲ 267%€1.0mwithin the sector's middle half▲ 3.3%€1.0mwithin the sector's middle half▼ 3.9%
Debt€209,865▼ 17.4%€206,460▼ 1.6%€994,268▲ 382%€1.0m▲ 2.3%€953,559▼ 6.3%
Working capital-€17,347▲ 55.6%€1,361€38,699▲ 2,744%-€573€11,178
Solvency16.5%below the sector's middle half▲ 10.9pp25.1%below the sector's middle half▲ 8.6pp1.7%below the sector's middle half▼ 23.4pp2.6%below the sector's middle half▲ 0.9pp5.1%below the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€925,148 ▼ 5.4%
Current assets
€79,539 ▲ 19.1%
Equity and liabilities €1.0m
Equity
€51,128 ▲ 86.5%
Debt
€953,559 ▼ 6.3%
Debt's share of the balance-sheet total falls from 97.4% to 94.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,885▲
2024 · €96,475
Cash flow
€78,541▲
2024 · €63,164
Current ratio
1.16▲
2024 · 0.99
Debt to equity
18.65▼
2024 · 37.13
ROE
49.8%▲
2024 · 42.7%
ROA
2.5%▲
2024 · 1.1%
Interest coverage
3.51▲
2024 · 2.90
Debt ≤ 1 year
€68,361▲
2024 · €67,344
Debt > 1 year
€883,392▼
2024 · €942,577
Income taxes
€40
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 1,600 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,008 | €8,052 | €95,934 | €51,461 | €53,105 | ▲ 3.2% |
| Other operating charges640/8 | €3,511 | €3,948 | €12,875 | €7,141 | €7,302 | ▲ 2.2% |
| Gross operating margin9900 | €53,042 | €49,972 | €67,720 | €103,616 | €117,187 | ▲ 13.1% |
| Operating profit (loss)9901 | €41,522 | €37,972 | -€41,088 | €45,014 | €56,781 | ▲ 26.1% |
| Financial income75/76B | €0 | €0 | - | - | - | - |
| Recurring financial income75 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | €5,062 | €3,456 | €10,575 | €33,311 | €31,305 | ▼ 6.0% |
| Recurring financial charges65 | €5,062 | €3,456 | €10,575 | €33,311 | €31,305 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €36,461 | €34,516 | -€51,663 | €11,703 | €25,476 | ▲ 118% |
| Income taxes67/77 | €9,327 | €11,545 | €0 | - | €40 | - |
| Profit (loss) for the period9904 | €27,134 | €22,970 | -€51,663 | €11,703 | €25,436 | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €27,134 | €22,970 | -€51,663 | €11,703 | €25,436 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,382 | €275,548 | €1.0m | €1.0m | €1.0m | ▼ 3.9% |
| Fixed assets21/28 | €234,983 | €228,503 | €915,119 | €978,252 | €925,148 | ▼ 5.4% |
| Tangible fixed assets22/27 | €234,983 | €228,503 | €915,119 | €978,252 | €925,148 | ▼ 5.4% |
| Land and buildings22 | €234,983 | €226,974 | €910,199 | €875,214 | €840,230 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | - | €99,911 | €83,540 | ▼ 16.4% |
| Furniture and vehicles24 | - | €1,529 | €4,920 | €3,127 | €1,378 | ▼ 55.9% |
| Current assets29/58 | €16,400 | €47,045 | €96,574 | €66,770 | €79,539 | ▲ 19.1% |
| Amounts receivable after more than one year29 | - | - | €29,705 | €41,705 | €44,205 | ▲ 6.0% |
| Other amounts receivable291 | - | - | €29,705 | €41,705 | €44,205 | ▲ 6.0% |
| Amounts receivable within one year40/41 | - | €27,660 | €56,471 | €13,083 | €14,465 | ▲ 10.6% |
| Trade receivables40 | - | - | €47,376 | €5,494 | €10,272 | ▲ 87.0% |
| Other amounts receivable41 | - | €27,660 | €9,095 | €7,589 | €4,194 | ▼ 44.7% |
| Cash at bank and in hand54/58 | €15,982 | €19,384 | €9,524 | €11,182 | €16,906 | ▲ 51.2% |
| Deferred charges and accrued income490/1 | €418 | €0 | €873 | €800 | €3,962 | ▲ 395% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,382 | €275,548 | €1.0m | €1.0m | €1.0m | ▼ 3.9% |
| Equity10/15 | €41,518 | €69,088 | €17,425 | €27,410 | €51,128 | ▲ 86.5% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €29,118 | €50,488 | €0 | €8,810 | €32,528 | ▲ 269% |
| Distributable reserves133 | €29,118 | €50,488 | €0 | €8,810 | €32,528 | ▲ 269% |
| Profit (loss) carried forward14 | €0 | €0 | -€1,175 | €0 | €0 | - |
| Amounts payable17/49 | €209,865 | €206,460 | €994,268 | €1.0m | €953,559 | ▼ 6.3% |
| Amounts payable after more than one year17 | €173,034 | €158,888 | €934,497 | €942,577 | €883,392 | ▼ 6.3% |
| Financial debts170/4 | €173,034 | €158,888 | €934,497 | €942,577 | €883,392 | ▼ 6.3% |
| Amounts payable within one year42/48 | €33,747 | €45,684 | €57,874 | €67,344 | €68,361 | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | €13,899 | €14,146 | €47,996 | €57,088 | €59,185 | ▲ 3.7% |
| Trade debts44 | €3,246 | €23,350 | €4,217 | €3,190 | €3,725 | ▲ 16.8% |
| Suppliers440/4 | €3,246 | €23,350 | €4,217 | €3,190 | €3,725 | ▲ 16.8% |
| Taxes, remuneration and social security45 | €1,527 | €1,200 | €2,640 | €3,499 | €1,240 | ▼ 64.6% |
| Taxes450/3 | €1,527 | €1,200 | €2,640 | €3,499 | €1,240 | ▼ 64.6% |
| Other amounts payable47/48 | €15,075 | €6,987 | €3,021 | €3,568 | €4,212 | ▲ 18.1% |
| Accrued charges and deferred income492/3 | €3,084 | €1,888 | €1,896 | €7,693 | €1,806 | ▼ 76.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,134 | €22,970 | -€51,663 | €11,703 | €25,436 | ▲ 117% |
| + Depreciation and write-downs630 | €8,008 | €8,052 | €95,934 | €51,461 | €53,105 | ▲ 3.2% |
| Operating cash flow (approximation) | €35,142 | €31,023 | €44,270 | €63,164 | €78,541 | ▲ 24.3% |
| Investment in fixed assets (approximation) | - | -€1,573 | -€782,549 | -€114,595 | €0 | ▲ 100% |
| Change in cash | - | €3,403 | -€9,860 | €1,657 | €5,724 | ▲ 245% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €11,703
Net result €11,703 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet -€51,663
Net result drops to -€51,663, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.49 to 1.03.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2019net €27,134 ▲4.2%
Net result €27,134, the highest in the series.
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 14 days late
2020
30-09
Financial
Back to profitnet €26,032
Net result €26,032 after one loss-making year.
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostende · 1 establishment unit since 2018
Ground area
3.0 ha
Building footprint
926 m²
Volume, LiDAR
15,099 m³
Parcel 35382B0032/00M008, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Gunst
since 20182.281.411.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382B0032/00M008 | Flanders | 3.0 ha | 1 · 926 m² | 21.9 m · 5 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.
Similar companies · same sector, comparable size
Orthopædia
BE 0568.482.356
Sint-Agatha-Berchem · Eq €51,123
NoxPath
BE 1024.969.405
La Louvière · Eq €51,141
Faceland
BE 0743.844.203
Antwerpen · Eq €51,100
DOKTERSPRAKTIJK JULIE VAN GYSEL
BE 1017.907.805
Brussel · Eq €51,186
AIRPICURE DOCTEUR LEGRAIN
BE 0630.814.061
Liège · Eq €51,022
Of 16,631 companies in sector 86220 we hold annual accounts for 7,983. 5,100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-2018
Fiscal year end30-09
Activities, NACEBEL 2025
86220Specialist medical practice
77210Renting and leasing of sports and recreation goods
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0711718890
Also
9925:BE0711718890
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.