GUTSS
ActiveSummary
The computed 12-month bankruptcy probability of GUTSS is 2.1% (moderate). The 2024 annual accounts show negative equity (€-9k) and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 391 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-27
Solvency17▼-15
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.2 in 2023; short-term debt: 98% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
-7.7%
Return on assets
-16.6%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-9k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
19 d early
2022
11 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-9k
2023 · €11k
2021: €9k
2022: €14k▲ +65.8% vs 2021highest in 4 years
2023: €11k▼ -26.1% vs 2022
2024: €-9k▼ -187% vs 2023lowest in 4 years
2021 → 2024
Total assets
€121k▼ 20.5%
2023 · €152k
2021: €81klowest in 4 years
2022: €103k▲ +27.7% vs 2021
2023: €152k▲ +46.6% vs 2022highest in 4 years
2024: €121k▼ -20.5% vs 2023
2021 → 2024
Net result
€-20k▼ 430%
2023 · €-4k
2021: €-6k
2022: €6k▲ +191% vs 2021highest in 4 years
2023: €-4k▼ -166% vs 2022
2024: €-20k▼ -430% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-8k
2023 · €23k
2021: €49khighest in 4 years
2022: €37k▼ -25.8% vs 2021
2023: €23k▼ -38.4% vs 2022
2024: €-8k▼ -134% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€9k-€14k▲ 65.8%€11k▼ 26.1%€-9k
2021: €9k
2022: €14k▲ +65.8% vs 2021highest in 4 years
2023: €11k▼ -26.1% vs 2022
2024: €-9k▼ -187% vs 2023lowest in 4 years
Operating result€-5k-€1k€-622€-22k▼ 3,397%
2021: €-5k
2022: €1k▲ +124% vs 2021highest in 4 years
2023: €-622▼ -153% vs 2022
2024: €-22k▼ -3397% vs 2023lowest in 4 years
Net result€-6k-€6k€-4k€-20k▼ 430%
2021: €-6k
2022: €6k▲ +191% vs 2021highest in 4 years
2023: €-4k▼ -166% vs 2022
2024: €-20k▼ -430% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2024 against €622 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121k
Fixed assets
€10k ▼ 32.2%
Current assets
€111k ▼ 19.2%
Key figures and ratios
EBITDA
€-17k▼
2023 · €4k
Cash flow
€-15k▼
2023 · €989
Solvency
-7.7%▼
2023 · 7.0%
Current ratio
0.94▼
2023 · 1.20
Quick ratio
0.47▼
2023 · 0.56
Debt to equity
-13.96▼
2023 · 13.19
ROA
-16.6%▼
2023 · -2.5%
Interest coverage
-2.12▼
2023 · 1.38
Debt
€130k▼
2023 · €141k
Debt ≤ 1 year
€118k▲
2023 · €114k
Debt > 1 year
€12k▼
2023 · €27k
Income taxes
€140▼
2023 · €898
Staff costs
€53k▲
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€152k€121k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€1k€898▼
Furniture and vehicles24€14k€9k▼
Current assets29/58€137k€111k▼
Stocks and contracts in progress3€73k€55k▼
Stocks30/36€73k€55k▼
Amounts receivable within one year40/41€24k€21k▼
Trade receivables40€20k€20k▼
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€787€551▼
Deferred charges and accrued income490/1€39k€34k▼
Equity and liabilities
Total equity and liabilities10/49€152k€121k▼
Equity10/15€11k€-9k▼
Contributions10/11€15k€15k=
Outside capital11€15k€15k=
Other1109/19€15k€15k=
Profit (loss) carried forward14€-4k€-24k▼
Amounts payable17/49€141k€130k▼
Amounts payable after more than one year17€27k€12k▼
Financial debts170/4€27k€12k▼
Amounts payable within one year42/48€114k€118k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Financial debts43€46k€42k▼
Credit institutions430/8€46k€42k▼
Trade debts44€17k€18k▲
Suppliers440/4€17k€18k▲
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48€28k€35k▲
Income statement
Code20232024
Remuneration, social security and pensions62€49k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€55k€37k▼
Operating profit (loss)9901€-622€-22k▼
Financial income75/76B€746€10k▲
Recurring financial income75€746€10k▲
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€-3k€-20k▼
Income taxes67/77€898€140▼
Profit (loss) for the period9904€-4k€-20k▼
Profit (loss) for the period to be appropriated9905€-4k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-24k▼
Profit (loss) brought forward from the previous period14P€-553€-4k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €29k | €49k | €53k | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3k | €5k | €5k | = |
| Other operating charges640/8 | €348 | €2k | €2k | €1k | ▼ 36.2% |
| Gross operating margin9900 | €-5k | €35k | €55k | €37k | ▼ 32.1% |
| Operating profit (loss)9901 | €-5k | €1k | €-622 | €-22k | ▼ 3,397% |
| Financial income75/76B | €0 | €7k | €746 | €10k | ▲ 1,234% |
| Recurring financial income75 | €0 | €7k | €746 | €10k | ▲ 1,234% |
| Financial charges65/66B | €1k | €2k | €3k | €8k | ▲ 168% |
| Recurring financial charges65 | €1k | €2k | €3k | €8k | ▲ 168% |
| Profit (loss) for the period before taxes9903 | €-6k | €7k | €-3k | €-20k | ▼ 592% |
| Income taxes67/77 | - | €1k | €898 | €140 | ▼ 84.5% |
| Profit (loss) for the period9904 | €-6k | €6k | €-4k | €-20k | ▼ 430% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €6k | €-4k | €-20k | ▼ 430% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €81k | €103k | €152k | €121k | ▼ 20.5% |
| Fixed assets21/28 | - | €20k | €15k | €10k | ▼ 32.2% |
| Tangible fixed assets22/27 | - | €20k | €15k | €10k | ▼ 32.2% |
| Plant, machinery and equipment23 | - | €1k | €1k | €898 | ▼ 25.1% |
| Furniture and vehicles24 | - | €18k | €14k | €9k | ▼ 32.9% |
| Current assets29/58 | €81k | €84k | €137k | €111k | ▼ 19.2% |
| Stocks and contracts in progress3 | €18k | €39k | €73k | €55k | ▼ 24.2% |
| Stocks30/36 | €18k | €39k | €73k | €55k | ▼ 24.2% |
| Amounts receivable within one year40/41 | €8k | €16k | €24k | €21k | ▼ 14.0% |
| Trade receivables40 | €6k | €12k | €20k | €20k | ▼ 3.1% |
| Other amounts receivable41 | €2k | €5k | €4k | €1k | ▼ 68.9% |
| Cash at bank and in hand54/58 | €52k | €10k | €787 | €551 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | €4k | €19k | €39k | €34k | ▼ 12.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €81k | €103k | €152k | €121k | ▼ 20.5% |
| Equity10/15 | €9k | €14k | €11k | €-9k | ▼ 187% |
| Contributions10/11 | €15k | €15k | €15k | €15k | = |
| Outside capital11 | €15k | €15k | €15k | €15k | = |
| Other1109/19 | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-6k | €-553 | €-4k | €-24k | ▼ 463% |
| Amounts payable17/49 | €72k | €89k | €141k | €130k | ▼ 7.8% |
| Amounts payable after more than one year17 | €40k | €41k | €27k | €12k | ▼ 55.8% |
| Financial debts170/4 | €40k | €41k | €27k | €12k | ▼ 55.8% |
| Amounts payable within one year42/48 | €32k | €47k | €114k | €118k | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €10k | €14k | €15k | €15k | ▲ 1.7% |
| Financial debts43 | - | - | €46k | €42k | ▼ 9.9% |
| Credit institutions430/8 | - | - | €46k | €42k | ▼ 9.9% |
| Trade debts44 | €13k | €11k | €17k | €18k | ▲ 5.1% |
| Suppliers440/4 | €13k | €11k | €17k | €18k | ▲ 5.1% |
| Advances received on contracts in progress46 | - | €420 | - | - | - |
| Taxes, remuneration and social security45 | €40 | €11k | €9k | €9k | ▼ 1.3% |
| Taxes450/3 | €40 | €4k | €3k | €3k | ▲ 6.6% |
| Remuneration and social security454/9 | - | €6k | €6k | €6k | ▼ 4.9% |
| Other amounts payable47/48 | €9k | €11k | €28k | €35k | ▲ 26.8% |
| Accrued charges and deferred income492/3 | €374 | €444 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €6k | €-4k | €-20k | ▼ 430% |
| + Depreciation and write-downs630 | - | €3k | €5k | €5k | = |
| Operating cash flow (approximation) | €-6k | €9k | €989 | €-15k | ▼ 1,640% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €-42k | €-9k | €-236 | ▲ 97.4% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
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, Oostkamp · 1 establishment unit since 2021
Ground area
2,746 m²
Building footprint
748 m²
Volume, LiDAR
3,050 m³
Parcel 31025B0724/00S000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GUTSS
since 20212.318.058.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025B0724/00S000 | Flanders | 2,746 m² | 1 · 748 m² | 6.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 21,133 EUR awarded · 21,133 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -26,403 EUR | 5,797 EUR |
| 2024 | 2 | 40,536 EUR | 8,336 EUR |
| 2022 | 1 | 7,000 EUR | 7,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 97 companies in sector 11070 we hold annual accounts for 50. 16 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
Founded01-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
11070Manufacture of beverages
Scores and ratios are computed by Checked and are not a credit decision.