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GUSTAER

Active
Private limited companyfounded 20187 yrs activeMont-Galloisstraat 66, 7700 Mouscron, BelgiumKBO/BCE: BE 0715.852.575
Summary

The computed 12-month bankruptcy probability of GUSTAER is 2.4% (moderate). The 2025 annual accounts show equity of €336,218 and a net result of -€4,322. Equity is growing by ~13.4% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability34▲+12
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
short-term debt: 0% and cash: 25% of total assets, and 0% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
100%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€4,322
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
8 d early
2024
59 d early
2023
7 d early
2022
24 d early
2021
34 d early
2020
31 d early
2019
59 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 7 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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

GUSTAER was incorporated on 14 December 2018.1 Total assets fell from EUR 378,883 in 2019 to EUR 336,218 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,322▲ 80.3%
2024 · -€21,984
Working capital
€336,218▼ 1.3%
2024 · €340,540
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
Operating result€136,068▼ 3.6%€73,717▼ 45.8%€49,000▼ 33.5%€28,128▼ 42.6%-€3,404
Net result€99,606▼ 0.9%€53,509▼ 46.3%€35,059▼ 34.5%-€21,984-€4,322▲ 80.3%
Equity€273,956▲ 57.1%€327,465▲ 19.5%€362,524▲ 10.7%€340,540▼ 6.1%€336,218▼ 1.3%
Total assets€632,151▲ 76.6%€625,366▼ 1.1%€635,073▲ 1.6%€359,306▼ 43.4%€336,218▼ 6.4%
Debt€358,195▲ 95.1%€297,901▼ 16.8%€272,549▼ 8.5%€18,766▼ 93.1%€0▼ 100%
Working capital€273,956▲ 57.1%€327,465▲ 19.5%€362,524▲ 10.7%€340,540▼ 6.1%€336,218▼ 1.3%
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2021: €136,068€136,068Net result 2021: €99,606€99,606Operating result 2022: €73,717€73,717Net result 2022: €53,509€53,509Operating result 2023: €49,000€49,000Net result 2023: €35,059€35,059Operating result 2024: €28,128€28,128Net result 2024: -€21,984-€21,984Operating result 2025: -€3,404-€3,404Net result 2025: -€4,322-€4,32220212022202320242025-€40,000-€20,000€0€20,000€40,000Operating result 2023: €49,000€49,000Net result 2023: €35,059€35,100Operating result 2024: €28,128€28,100Net result 2024: -€21,984-€22,000Operating result 2025: -€3,404-€3,400Net result 2025: -€4,322-€4,320202320242025
The operating result turns negative in 2025: a loss of €3,404 after €28,128 in 2024, the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
100.0%▲
2024 · 94.8%
Debt to equity
0.00▼
2024 · 0.06
ROE
-1.3%▲
2024 · -6.5%
ROA
-1.3%▲
2024 · -6.1%
Debt ≤ 1 year
€0▼
2024 · €18,766
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.3% went bankrupt
7.5% stopped otherwise
90% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,338 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% 1.9%
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 3,441 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 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€359,306€336,218▼
Current assets29/58€359,306€336,218▼
Stocks and contracts in progress3€169,642€167,137▼
Stocks30/36€169,642€167,137▼
Amounts receivable within one year40/41€84,588€84,588=
Other amounts receivable41€84,588€84,588=
Cash at bank and in hand54/58€104,477€83,894▼
Deferred charges and accrued income490/1€600€600=
Equity and liabilities
Total equity and liabilities10/49€359,306€336,218▼
Equity10/15€340,540€336,218▼
Contributions10/11€80,000€80,000=
Profit (loss) carried forward14€260,540€256,218▼
Amounts payable17/49€18,766€0▼
Amounts payable within one year42/48€18,766€0▼
Financial debts43€4,178€0▼
Credit institutions430/8€4,178€0▼
Taxes, remuneration and social security45€14,588€0▼
Taxes450/3€14,588€0▼
Other amounts payable47/48€0-
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€28,515-€3,004▼
Operating profit (loss)9901€28,128-€3,404▼
Financial income75/76B€600€1,100▲
Recurring financial income75€600€1,100▲
Financial charges65/66B€50,712€2,018▼
Recurring financial charges65€50,712€2,018▼
Profit (loss) for the period before taxes9903-€21,984-€4,322▲
Income taxes67/77€0-
Profit (loss) for the period9904-€21,984-€4,322▲
Profit (loss) for the period to be appropriated9905-€21,984-€4,322▲
Appropriation of the result
Profit (loss) to be appropriated9906€260,540€256,218▼
Profit (loss) brought forward from the previous period14P€282,524€260,540▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€348€2,149€384€387€400▲ 3.2%
Gross operating margin9900€136,415€75,867€49,384€28,515-€3,004▼ 111%
Operating profit (loss)9901€136,068€73,717€49,000€28,128-€3,404▼ 112%
Financial income75/76B---€600€1,100▲ 83.3%
Recurring financial income75---€600€1,100▲ 83.3%
Financial charges65/66B€2,915€2,208€2,418€50,712€2,018▼ 96.0%
Recurring financial charges65€2,915€2,208€2,418€50,712€2,018▼ 96.0%
Profit (loss) for the period before taxes9903€133,153€71,509€46,581-€21,984-€4,322▲ 80.3%
Income taxes67/77€33,547€18,000€11,523€0--
Profit (loss) for the period9904€99,606€53,509€35,059-€21,984-€4,322▲ 80.3%
Profit (loss) for the period to be appropriated9905€99,606€53,509€35,059-€21,984-€4,322▲ 80.3%
Line20212022202320242025Change
Assets
Total assets20/58€632,151€625,366€635,073€359,306€336,218▼ 6.4%
Current assets29/58€632,151€625,366€635,073€359,306€336,218▼ 6.4%
Stocks and contracts in progress3€533,160€367,432€245,281€169,642€167,137▼ 1.5%
Stocks30/36€533,160€367,432€245,281€169,642€167,137▼ 1.5%
Amounts receivable within one year40/41€48,000€47,000€63,355€84,588€84,588=
Trade receivables40€18,000€0----
Other amounts receivable41€30,000€47,000€63,355€84,588€84,588=
Cash at bank and in hand54/58€50,991€210,934€326,438€104,477€83,894▼ 19.7%
Deferred charges and accrued income490/1---€600€600=
Equity and liabilities
Total equity and liabilities10/49€632,151€625,366€635,073€359,306€336,218▼ 6.4%
Equity10/15€273,956€327,465€362,524€340,540€336,218▼ 1.3%
Contributions10/11€80,000€80,000€80,000€80,000€80,000=
Profit (loss) carried forward14€193,956€247,465€282,524€260,540€256,218▼ 1.7%
Amounts payable17/49€358,195€297,901€272,549€18,766€0▼ 100%
Amounts payable within one year42/48€358,195€297,901€272,549€18,766€0▼ 100%
Financial debts43€14,615€29,241€12,549€4,178€0▼ 100%
Credit institutions430/8€14,615€29,241€12,549€4,178€0▼ 100%
Trade debts44€532€0----
Suppliers440/4€532€0----
Taxes, remuneration and social security45€43,047€8,660€0€14,588€0▼ 100%
Taxes450/3€43,047€8,660€0€14,588€0▼ 100%
Other amounts payable47/48€300,000€260,000€260,000€0--
Line20212022202320242025Change
Profit (loss) for the period9904€99,606€53,509€35,059-€21,984-€4,322▲ 80.3%
Operating cash flow (approximation)€99,606€53,509€35,059-€21,984-€4,322▲ 80.3%
Change in cash-€159,944€115,503-€221,961-€20,583▲ 90.7%

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
23-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€21,984
Net result drops to -€21,984, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 8current ratio 19.15
Current ratio from 2.33 to 19.15; short-term debt falls from €272,549 to €18,766.
24-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €200,000Eq €273,956 ▲57.1%
2 profitable years in a row build equity to €273,956.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €100,467
Net result €100,467 after one loss-making year.
31-12
Financial Equity above €150,000Eq €174,350 ▲136%
Equity rises from €73,883 to €174,350.
02-06
NBB filing Annual accounts filed
fiscal year 2019 · full 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.

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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, Mouscron · 1 establishment unit since 2019
seat establishment approximate The establishment unit on the map
Ground area
109 m²
Building footprint
60 m²
Parcel 54007B0508/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Mont-Galloisstraat 66, 7700 Mouscron
Real estate activities
since 20192.285.434.618
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54007B0508/00T000 Wallonia 109 m² 1 · 60 m² -
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. UD-INVEST 99.99%
  2. GUSTAER

Highest known parent: UD-INVEST. 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded14-12-2018
Fiscal year end31-12
Contact
E-mail dp@interconstruct.be
Phone +32475651946
E-invoicing
Reachable via Peppol
Peppol ID 0208:0715852575
Also 9925:BE0715852575
Registered 24-12-2025

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

Register as of 29 September 2026 · Peppol Directory

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