GURPAL
ActiveSummary
GURPAL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €19k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+6
Solvency95▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.36 against 3.51 in 2024; short-term debt: 29.5% and cash: 19.6% of total assets), and 29.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70.5%
Return on assets
12.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
19 d late
2024
25 d late
2023
24 d late
2022
78 d late
2021
30 d late
2020
23 d late
2019
67 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€951k
EBIT margin
1.0%
Net result
€19k▼ 13.3%
2024 · €22k
Working capital
€107k▲ 10.7%
2024 · €97k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€32k▲ 250%€33k▲ 2.7%€17k▼ 48.3%€25k▲ 48.1%€22k▼ 12.2%
Net result€24k▲ 203%€26k▲ 5.8%€15k▼ 43.6%€22k▲ 51.1%€19k▼ 13.3%
EBIT margin
Equity€72k▲ 25.2%€82k▲ 15.2%€87k▲ 5.6%€99k▲ 13.8%€108k▲ 9.2%
Total assets€147k▲ 6.3%€150k▲ 2.0%€132k▼ 12.0%€138k▲ 4.3%€153k▲ 11.5%
Debt€75k▼ 7.1%€68k▼ 10.4%€45k▼ 33.5%€39k▼ 14.1%€45k▲ 17.4%
Working capital€71k▲ 24.0%€82k▲ 15.8%€83k▲ 0.7%€97k▲ 17.0%€107k▲ 10.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153k
Fixed assets
€1k ▼ 53.0%
Current assets
€152k ▲ 12.6%
Equity and liabilities €153k
Equity
€108k ▲ 9.2%
Debt
€45k ▲ 17.4%
Debt's share of the balance-sheet total rises from 28.0% to 29.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €27k
Cash flow
€21k▼
2024 · €24k
Current ratio
3.36▼
2024 · 3.51
Quick ratio
0.76▲
2024 · 0.45
Debt to equity
0.42▲
2024 · 0.39
ROE
17.7%▼
2024 · 22.3%
ROA
12.5%▼
2024 · 16.0%
Interest coverage
181.63▲
2024 · -78.97
Debt ≤ 1 year
€45k▲
2024 · €39k
Income taxes
€3k▼
2024 · €3k
Staff costs
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €164 | - | €23k | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €363 | €363 | €2k | €2k | €2k | ▲ 4.8% |
| Other operating charges640/8 | €7k | €8k | €5k | €6k | €5k | ▼ 15.7% |
| Gross operating margin9900 | €39k | €41k | €47k | €33k | €36k | ▲ 7.3% |
| Operating profit (loss)9901 | €32k | €33k | €17k | €25k | €22k | ▼ 12.2% |
| Financial income75/76B | €33 | €0 | €33 | - | €3 | - |
| Recurring financial income75 | €33 | €0 | €33 | - | €3 | - |
| Financial charges65/66B | €951 | €2k | €-156 | €-342 | €132 | ▲ 139% |
| Recurring financial charges65 | €951 | €2k | €-156 | €-342 | €132 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | €31k | €30k | €17k | €25k | €22k | ▼ 13.9% |
| Income taxes67/77 | €6k | €5k | €2k | €3k | €3k | ▼ 18.4% |
| Profit (loss) for the period9904 | €24k | €26k | €15k | €22k | €19k | ▼ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €24k | €26k | €15k | €22k | €19k | ▼ 13.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147k | €150k | €132k | €138k | €153k | ▲ 11.5% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €727 | €363 | €4k | €2k | €1k | ▼ 53.0% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €727 | €363 | €4k | €2k | €1k | ▼ 53.0% |
| Plant, machinery and equipment23 | - | - | €891 | €523 | €956 | ▲ 83.0% |
| Furniture and vehicles24 | €727 | €363 | €3k | €2k | €139 | ▼ 92.3% |
| Current assets29/58 | €146k | €149k | €127k | €135k | €152k | ▲ 12.6% |
| Stocks and contracts in progress3 | €118k | €118k | €118k | €118k | €118k | = |
| Stocks30/36 | €118k | €118k | €118k | €118k | €118k | = |
| Amounts receivable within one year40/41 | €3k | €5k | €1k | €2k | €4k | ▲ 89.9% |
| Other amounts receivable41 | €3k | €5k | €1k | €2k | €4k | ▲ 89.9% |
| Cash at bank and in hand54/58 | €25k | €27k | €8k | €15k | €30k | ▲ 97.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €186 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147k | €150k | €132k | €138k | €153k | ▲ 11.5% |
| Equity10/15 | €72k | €82k | €87k | €99k | €108k | ▲ 9.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | €6k | €6k | €6k | - | - |
| Other1109/19 | €6k | €6k | €6k | €6k | - | - |
| Reserves13 | €27k | €27k | €27k | €27k | €27k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €25k | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €38k | €49k | €54k | €66k | €75k | ▲ 13.8% |
| Amounts payable17/49 | €75k | €68k | €45k | €39k | €45k | ▲ 17.4% |
| Amounts payable within one year42/48 | €75k | €68k | €45k | €39k | €45k | ▲ 17.4% |
| Trade debts44 | €29k | €31k | €21k | €16k | €28k | ▲ 71.5% |
| Suppliers440/4 | €29k | €31k | €21k | €16k | €28k | ▲ 71.5% |
| Taxes, remuneration and social security45 | €18k | €20k | €14k | €7k | €7k | ▲ 3.2% |
| Taxes450/3 | €18k | €20k | €11k | €7k | €7k | ▲ 3.2% |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | €28k | €17k | €10k | €16k | €10k | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €26k | €15k | €22k | €19k | ▼ 13.3% |
| + Depreciation and write-downs630 | €363 | €363 | €2k | €2k | €2k | ▲ 4.8% |
| Operating cash flow (approximation) | €25k | €26k | €17k | €24k | €21k | ▼ 11.7% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €0 | €-900 | - |
| Change in cash | - | €2k | €-18k | €7k | €15k | ▲ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Equity above €100kEq €108k ▲9.2%
7 profitable years in a row build equity to €108k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €8k ▼81.8%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Geraardsbergen · 3 establishment units since 2015
Ground area
1,526 m²
Building footprint
418 m²
Volume, LiDAR
3,173 m³
3 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
GURPAL
since 20152.243.873.878
GURPAL
since 20152.243.874.175
GURPAL
since 20152.243.874.274
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41011A0997/00N000indicative | Flanders | 1,210 m² | 1 · 175 m² | 11.0 m · 2 fl. |
| 41018A0776/00C000 | Flanders | 160 m² | 1 · 122 m² | 11.7 m · 3 fl. |
| 41011A0731/00M000 | Flanders | 156 m² | 1 · 121 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
3 sitesDenderleeuw2.243.874.175
Denderleeuw2.243.874.274
Geraardsbergen2.243.873.878
Similar companies · same sector, comparable size
OKINAHA
BE 0817.742.365
Waterloo · Eq €108k
Laisse le vent emporter tout
BE 0867.014.209
Lokeren · Eq €107k
Oil & Vinegar branding
BE 0476.382.440
Lokeren · Eq €109k
EUROPEAN HALAL FOOD DISTRIBUTION
BE 0666.893.014
Brussel · Eq €110k
Pure Foods
BE 0636.738.484
Lievegem · Eq €106k
Of 2,474 companies in sector 47279 we hold annual accounts for 949. 764 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
Founded28-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
Scores and ratios are computed by Checked and are not a credit decision.