Gustobel
ActiveGustobel has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €-16k. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency14▲+1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.05 in 2024), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.2%
Return on assets
-0.3%
Age of the figures
17 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7921 sector peers (2025).
NBB · sector comparisonPosition among 7921 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
43 d early
2022
30 d late
2021
3 d late
2020
27 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€68k▼ 19.5%
2024 · €84k
2019: €301k
2020: €305k
2021: €307k
2022: €276k
2023: €276k
2024: €84k
2019 → 2025
Total assets
€5.57M▲ 0.2%
2024 · €5.56M
2019: €1.02M
2020: €1.46M
2021: €5.70M
2022: €5.79M
2023: €5.94M
2024: €5.56M
2019 → 2025
Net result
€-16k▲ 91.4%
2024 · €-192k
2019: €155k
2020: €128k
2021: €112k
2022: €-31k
2023: €24k
2024: €-192k
2019 → 2025
Working capital
€142k▲ 73.2%
2024 · €82k
2019: €253k
2020: €214k
2021: €-12k
2022: €167k
2023: €124k
2024: €82k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€307k-€276k▼ 10.1%€276k▲ 0.1%€84k▼ 69.5%€68k▼ 19.5%
Operating result€241k-€96k▼ 60.2%€163k▲ 69.4%€4k▼ 97.6%€169k▲ 4,238%
Net result€112k-€-31k€24k€-192k€-16k▲ 91.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4,238% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.57M
Fixed assets
€3.61M▼ 5.4%
Current assets
€1.97M▲ 12.3%
Equity and liabilities €5.57M
Equity
€68k▼ 19.5%
Debt
€5.50M▲ 0.5%
The debt ratio rises from 98.5% to 98.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€442k▲
2024 · €271k
Cash flow
€256k▲
2024 · €75k
Solvency
1.2%▼
2024 · 1.5%
Current ratio
1.08▲
2024 · 1.05
Quick ratio
0.55▼
2024 · 0.57
Debt / equity
81.18▲
2024 · 65.03
ROE
-24.2%▲
2024 · -227.8%
ROA
-0.3%▲
2024 · -3.4%
Interest coverage
2.35▲
2024 · 1.37
Debt
€5.50M▲
2024 · €5.48M
Debt ≤ 1 year
€1.82M▲
2024 · €1.67M
Debt > 1 year
€3.68M▼
2024 · €3.81M
Staff costs
€554k▲
2024 · €386k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.56M€5.57M▲
Fixed assets21/28€3.81M€3.61M▼
Intangible fixed assets21€228€0▼
Tangible fixed assets22/27€3.79M€3.59M▼
Land and buildings22€182k€159k▼
Plant, machinery and equipment23€45k€69k▲
Furniture and vehicles24€79k€103k▲
Leasing and similar rights25€3.49M€3.26M▼
Financial fixed assets28€19k€19k=
Current assets29/58€1.75M€1.97M▲
Stocks and contracts in progress3€805k€955k▲
Stocks30/36€805k€955k▲
Amounts receivable within one year40/41€899k€908k▲
Trade receivables40€495k€609k▲
Other amounts receivable41€404k€299k▼
Cash at bank and in hand54/58€21k€78k▲
Deferred charges and accrued income490/1€25k€25k▲
Equity and liabilities
Total equity and liabilities10/49€5.56M€5.57M▲
Equity10/15€84k€68k▼
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€0-
Profit (loss) carried forward14€-26k€-42k▼
Amounts payable17/49€5.48M€5.50M▲
Amounts payable after more than one year17€3.81M€3.68M▼
Financial debts170/4€3.81M€3.68M▼
Amounts payable within one year42/48€1.67M€1.82M▲
Current portion of amounts payable after more than one year42€634k€315k▼
Financial debts43-€575k
Credit institutions430/8-€575k
Trade debts44€893k€637k▼
Suppliers440/4€893k€637k▼
Taxes, remuneration and social security45€2k€20k▲
Taxes450/3€2k€2k=
Remuneration and social security454/9€0€18k▲
Other amounts payable47/48€138k€277k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€386k€554k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€267k€272k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€663k€1.00M▲
Operating profit (loss)9901€4k€169k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€197k€188k▼
Recurring financial charges65€197k€188k▼
Profit (loss) for the period before taxes9903€-192k€-16k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-192k€-16k▲
Profit (loss) for the period to be appropriated9905€-192k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-191k€-42k▲
Profit (loss) brought forward from the previous period14P€1k€-26k▼
Transfer from equity791/2€165k€0▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90877.29.4▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-192k ▼889%
Net result drops to €-192k, the lowest in the series; recovery starts the following year.
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Roeselare · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Krommebeekpark 108800 RoeselareGround area
1.2 ha
Building footprint
3,679 m²
Volume, LiDAR
1,214 m³
Parcel 36505B1194/00A000, Flanders · tallest building 10.4 m. Linked by address, not a title deed.
1 establishment unit
Krommebeekpark 10, 8800 Roeselare
since 20192.294.468.286
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505B1194/00A000 | Flanders | 1.2 ha | 1 · 3,679 m² | 10.4 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2022 to 2025 · 5 entries · 37,118 EUR awarded · 37,118 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,561 EUR | 3,561 EUR |
| 2024 | 1 | 769 EUR | 769 EUR |
| 2023 | 1 | 0 EUR | 31,945 EUR |
| 2022 | 2 | 32,788 EUR | 843 EUR |
Schemes
Call groene stroom (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.294.468.286
Legal Entity Identifier
5299005CSTCAF75BM610
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NEW-NOUR
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Of 185 companies in sector 46322 we hold annual accounts for 133. 78 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2011
Fiscal year end31-03
Activities, NACEBEL
46322Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.