Financials
- Financial year
- 2024
- Total assets
- €330,578
- Profit
- €123,298
- Solvency
- -26.8%
Total assets▲ 95.4%
Net result
20182024
THE GOLDEN SHUTTLE
ActiveSummary
The computed 12-month bankruptcy probability of THE GOLDEN SHUTTLE is 1.6% (moderate). The 2024 annual accounts show negative equity (-€88,439) and a net result of €123,298. Equity is shrinking by about 5.1% per year across the filed financial years. Its solvency ranks better than 7% of 37,592 sector peers (NACE 70, financial year 2024). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Business and other management consultancy
NACE 70200Freight transport by road NACE 49410
3rd oldest company in Grâce-Hollogne, Professional and technical services sector1 site
Size
€330,578total assets 2024
- Equity
- -€88,439
- Profit
- €123,298
Structure
- DEPAYE PascalDirector
2025 accounts not filed, 88 days past the deadline1 of 4 deeds summarised
Why 55raises riskCapped at 59: negative equityLiquidity: current ratio 0.82, cash €86Figures for financial year 2024 (filed 01-09-2025)lowers riskSize: total assets €330,578Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2024
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 43% of its sector peers (NACE 70, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency
0=
equity -26.8% of total assets
Liquidity
0=
short-term debt 122.7% · cash 0.0%
Profitability
100+100
return on assets 37.3%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.9%
12-2024: 1.9%● unchanged vs 11-2024
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.7%▼ -0.2 percentage points vs 04-2025
06-2025: 1.9%▲ +0.2 percentage points vs 05-2025
07-2025: 2.1%▲ +0.2 percentage points vs 06-2025
08-2025: 2.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 2.2%● unchanged vs 08-2025
10-2025: 0.7%▼ -1.5 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.6%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.2%▲ +0.1 percentage points vs 08-2026
10-2026: 1.6%▲ +0.4 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.82, compared with 0.46 in 2023, below 1; short-term debt: 122.7% and cash: 0% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 3% on solvency, 1% on liquidity, 84% on profitability and 82% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 37592 sector peers (2024).
NBB · sector comparisonPosition among 37592 sector peers
Solvency
better than 7%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline27-10-2026 today
raises risk · 2024 accounts filed 39 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
39 days late
2023
59 days late
2022
30 days late
2021
74 days late
2020
31 days late
2019
98 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 55 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €123,298
- Annual accounts filedfinancial year 2023 · micro…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€88,439 View
- Caution: Among the weakest 5% on equitysector median €90,106 · 37,634 companies -€88,439 View
- Positive: Back in profit in 2024after -€42,015 in 2023 €123,298 View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
By topic
Board & ownership
- Board
- 1 member
- DEPAYE PascalDirector
Timeline
- Events
- 38
- Since
- 1990
- 17-01-2024Resignations: AUDIO GES, LEGROS Léon and THONARD…
- 31-12-2023Weakest financial year
- 30-08-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 02-09-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 27
- Annual meeting
- 26 June at 19:30
- Purpose
- “Le transport routier de colis et de toutes marchandises (pour compte de tiers), le…” (deed in French)
Key facts about THE GOLDEN SHUTTLE
- What is the company number of THE GOLDEN SHUTTLE?
- 0435.262.952. In Belgium the VAT number is the company number with BE in front: BE 0435.262.952.
- Where is THE GOLDEN SHUTTLE based?
- The registered office is at Rue de Horion 36, 4460 Grâce-Hollogne.Company details
- What does THE GOLDEN SHUTTLE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of THE GOLDEN SHUTTLE?
- Private limited company (BV).
- When was THE GOLDEN SHUTTLE founded?
- On 02-09-1988.
- Is THE GOLDEN SHUTTLE still active?
- Yes, THE GOLDEN SHUTTLE is an active enterprise in the KBO register.
- What is the turnover of THE GOLDEN SHUTTLE?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is THE GOLDEN SHUTTLE profitable?
- In financial year 2024, THE GOLDEN SHUTTLE made a profit of €123,298.
- Where can I find the annual accounts of THE GOLDEN SHUTTLE?
- THE GOLDEN SHUTTLE filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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