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Gustaef

Active
Private limited companyfounded 20251 yr activeZwijnaardsesteenweg 22, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 1022.725.735
Summary

Gustaef has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,750 and a net result of €4,750. Its solvency ranks better than 33% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes
Profitability95
Solvency59
Growth-
Track record67
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.36; short-term debt: 66.4% and cash: 35% of total assets), and 66.4% of the assets are financed with debt.
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Signals

Three 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 1 filing
Deviation from the deadline
2025
20 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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 25 April 2025, Gustaef was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
€7,750
Total assets
€23,033
Net result
€4,750
Working capital
€5,447

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €23,033
Fixed assets €2,303
Current assets €20,730
Equity and liabilities €23,033
Equity €7,750
Debt €15,283
Debt finances 66.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€6,949
Cash flow
€4,892
Current ratio
1.36
Debt to equity
1.97
ROE
61.3%
ROA
20.6%
Interest coverage
15.29
Debt ≤ 1 year
€15,283
Income taxes
€1,603

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 11,280 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 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€23,033
Fixed assets21/28€2,303
Tangible fixed assets22/27€2,238
Plant, machinery and equipment23€1,677
Furniture and vehicles24€561
Financial fixed assets28€65
Current assets29/58€20,730
Amounts receivable within one year40/41€12,664
Trade receivables40€8,840
Other amounts receivable41€3,824
Cash at bank and in hand54/58€8,066
Equity and liabilities
Total equity and liabilities10/49€23,033
Equity10/15€7,750
Contributions10/11€3,000
Profit (loss) carried forward14€4,750
Amounts payable17/49€15,283
Amounts payable within one year42/48€15,283
Trade debts44€2,990
Suppliers440/4€2,990
Taxes, remuneration and social security45€9,411
Taxes450/3€9,411
Other amounts payable47/48€2,882
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142
Gross operating margin9900€6,949
Operating profit (loss)9901€6,807
Financial charges65/66B€454
Recurring financial charges65€454
Profit (loss) for the period before taxes9903€6,353
Income taxes67/77€1,603
Profit (loss) for the period9904€4,750
Profit (loss) for the period to be appropriated9905€4,750
Appropriation of the result
Profit (loss) to be appropriated9906€4,750

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142
Gross operating margin9900€6,949
Operating profit (loss)9901€6,807
Financial charges65/66B€454
Recurring financial charges65€454
Profit (loss) for the period before taxes9903€6,353
Income taxes67/77€1,603
Profit (loss) for the period9904€4,750
Profit (loss) for the period to be appropriated9905€4,750
Line2025
Assets
Total assets20/58€23,033
Fixed assets21/28€2,303
Tangible fixed assets22/27€2,238
Plant, machinery and equipment23€1,677
Furniture and vehicles24€561
Financial fixed assets28€65
Current assets29/58€20,730
Amounts receivable within one year40/41€12,664
Trade receivables40€8,840
Other amounts receivable41€3,824
Cash at bank and in hand54/58€8,066
Equity and liabilities
Total equity and liabilities10/49€23,033
Equity10/15€7,750
Contributions10/11€3,000
Profit (loss) carried forward14€4,750
Amounts payable17/49€15,283
Amounts payable within one year42/48€15,283
Trade debts44€2,990
Suppliers440/4€2,990
Taxes, remuneration and social security45€9,411
Taxes450/3€9,411
Other amounts payable47/48€2,882
Line2025
Profit (loss) for the period9904€4,750
+ Depreciation and write-downs630€142
Operating cash flow (approximation)€4,892

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

2026
20-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
427 m²
Building footprint
112 m²
Volume, LiDAR
577 m³
Parcel 44412B0158/00N007, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zwijnaardsesteenweg 22, 9820 Merelbeke-Melle
Business and other management consultancy
since 20252.373.348.488
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44412B0158/00N007 Flanders 427 m² 1 · 112 m² 9.7 m · 1 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

Of 82,601 companies in this sector we hold annual accounts for 52,629. 20,125 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded25-04-2025
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1022725735
Also 9925:BE1022725735
Registered 28-04-2025

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

Register as of 30 September 2026 · Peppol Directory

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