Koninklijke en Souvereine Hoofdgilde van Sint-Joris Gent
ActiveSummary
Koninklijke en Souvereine Hoofdgilde van Sint-Joris Gent has been active since 1941 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €4k. Equity is shrinking by ~3.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+72
Solvency100▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 19.84 against 4.54 in 2024; short-term debt: 4.8% and cash: 11.4% of total assets), and 17.3% of the assets are financed with debt.
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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
4.2%
Age of the figures
9 mo
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 27-04-2026, 95 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
95 d early
2024
104 d early
2023
127 d early
2022
126 d early
2021
124 d early
2020
86 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€86k▲ 5.3%
2024 · €82k
2020: €101k
2021: €102k▲ +0.8% vs 2020
2022: €103k▲ +0.7% vs 2021highest in 6 years
2023: €98k▼ -4.4% vs 2022
2024: €82k▼ -16.5% vs 2023lowest in 6 years
2025: €86k▲ +5.3% vs 2024
2020 → 2025
Total assets
€104k▼ 15.5%
2024 · €123k
2020: €120k
2021: €121k▲ +0.3% vs 2020
2022: €117k▼ -3.1% vs 2021
2023: €115k▼ -1.5% vs 2022
2024: €123k▲ +7.3% vs 2023highest in 6 years
2025: €104k▼ -15.5% vs 2024lowest in 6 years
2020 → 2025
Net result
€4k
2024 · €-16k
2020: €-2k
2021: €821▲ +149% vs 2020
2022: €717▼ -12.7% vs 2021
2023: €-4k▼ -727% vs 2022
2024: €-16k▼ -260% vs 2023lowest in 6 years
2025: €4k▲ +127% vs 2024highest in 6 years
2020 → 2025
Working capital
€95k▲ 3.1%
2024 · €92k
2020: €104k
2021: €105k▲ +1.1% vs 2020
2022: €102k▼ -2.9% vs 2021
2023: €107k▲ +4.9% vs 2022highest in 6 years
2024: €92k▼ -13.9% vs 2023lowest in 6 years
2025: €95k▲ +3.1% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€103k▲ 0.7%€98k▼ 4.4%€82k▼ 16.5%€86k▲ 5.3%
2021: €102k
2022: €103k▲ +0.7% vs 2021highest in 5 years
2023: €98k▼ -4.4% vs 2022
2024: €82k▼ -16.5% vs 2023lowest in 5 years
2025: €86k▲ +5.3% vs 2024
Operating result€1k-€916▼ 9.3%€-4k€-16k▼ 287%€4k
2021: €1k
2022: €916▼ -9.3% vs 2021
2023: €-4k▼ -566% vs 2022
2024: €-16k▼ -287% vs 2023lowest in 5 years
2025: €4k▲ +125% vs 2024highest in 5 years
Net result€821-€717▼ 12.7%€-4k€-16k▼ 260%€4k
2021: €821
2022: €717▼ -12.7% vs 2021
2023: €-4k▼ -727% vs 2022
2024: €-16k▼ -260% vs 2023lowest in 5 years
2025: €4k▲ +127% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €16k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€4k ▼ 17.7%
Current assets
€100k ▼ 15.4%
Equity and liabilities €104k
Equity
€86k ▲ 5.3%
Debt
€18k ▼ 56.5%
Debt's share of the balance-sheet total falls from 33.7% to 17.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▲
2024 · €-15k
Cash flow
€5k▲
2024 · €-15k
Current ratio
19.84▲
2024 · 4.54
Quick ratio
16.28▲
2024 · 3.82
Debt to equity
0.21▼
2024 · 0.51
ROE
5.1%▲
2024 · -19.8%
ROA
4.2%▲
2024 · -13.1%
Interest coverage
22.17▲
2024 · -69.16
Debt ≤ 1 year
€5k▼
2024 · €26k
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 · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€123k€104k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€2k€2k=
Furniture and vehicles24€2k€1k▼
Current assets29/58€118k€100k▼
Stocks and contracts in progress3€19k€18k▼
Stocks30/36€19k€18k▼
Amounts receivable within one year40/41€7k€16k▲
Other amounts receivable41€7k€16k▲
Current investments50/53€62k€48k▼
Cash at bank and in hand54/58€25k€12k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€123k€104k▼
Equity10/15€82k€86k▲
Contributions10/11€99k€99k=
Capital10€99k€99k=
Profit (loss) carried forward14€-18k€-13k▲
Amounts payable17/49€42k€18k▼
Amounts payable within one year42/48€26k€5k▼
Trade debts44€26k€5k▼
Suppliers440/4€26k€5k▼
Accrued charges and deferred income492/3€15k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€897▼
Other operating charges640/8€156€102▼
Non-recurring operating charges66A€20k€0▼
Gross operating margin9900€5k€5k▲
Operating profit (loss)9901€-16k€4k▲
Financial income75/76B€521€421▼
Recurring financial income75€521€421▼
Financial charges65/66B€223€229▲
Recurring financial charges65€223€229▲
Profit (loss) for the period before taxes9903€-16k€4k▲
Profit (loss) for the period9904€-16k€4k▲
Profit (loss) for the period to be appropriated9905€-16k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-13k▲
Profit (loss) brought forward from the previous period14P€-1k€-18k▼
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €1k | €897 | ▼ 14.3% |
| Other operating charges640/8 | - | - | - | €156 | €102 | ▼ 34.7% |
| Non-recurring operating charges66A | - | - | - | €20k | €0 | ▼ 100% |
| Gross operating margin9900 | €4k | €4k | €-2k | €5k | €5k | ▲ 5.2% |
| Operating profit (loss)9901 | €1k | €916 | €-4k | €-16k | €4k | ▲ 125% |
| Financial income75/76B | - | - | - | €521 | €421 | ▼ 19.2% |
| Recurring financial income75 | - | - | - | €521 | €421 | ▼ 19.2% |
| Financial charges65/66B | - | €199 | €233 | €223 | €229 | ▲ 2.7% |
| Recurring financial charges65 | €188 | €199 | €233 | €223 | €229 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €821 | €717 | €-4k | €-16k | €4k | ▲ 127% |
| Profit (loss) for the period9904 | €821 | €717 | €-4k | €-16k | €4k | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €821 | €717 | €-4k | €-16k | €4k | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121k | €117k | €115k | €123k | €104k | ▼ 15.5% |
| Fixed assets21/28 | €6k | €9k | €6k | €5k | €4k | ▼ 17.7% |
| Tangible fixed assets22/27 | €6k | €9k | €6k | €5k | €4k | ▼ 17.7% |
| Land and buildings22 | - | €2k | €1k | €1k | €1k | ▼ 18.1% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €2k | = |
| Furniture and vehicles24 | - | €3k | €3k | €2k | €1k | ▼ 33.7% |
| Current assets29/58 | €114k | €108k | €109k | €118k | €100k | ▼ 15.4% |
| Stocks and contracts in progress3 | €27k | €24k | €25k | €19k | €18k | ▼ 3.6% |
| Stocks30/36 | - | €24k | €25k | €19k | €18k | ▼ 3.6% |
| Amounts receivable within one year40/41 | €3k | €2k | €2k | €7k | €16k | ▲ 121% |
| Trade receivables40 | - | €1k | €1k | - | - | - |
| Other amounts receivable41 | - | €929 | €884 | €7k | €16k | ▲ 121% |
| Current investments50/53 | €61k | €61k | €61k | €62k | €48k | ▼ 22.3% |
| Cash at bank and in hand54/58 | €17k | €15k | €15k | €25k | €12k | ▼ 51.3% |
| Deferred charges and accrued income490/1 | - | €6k | €6k | €6k | €6k | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121k | €117k | €115k | €123k | €104k | ▼ 15.5% |
| Equity10/15 | €102k | €103k | €98k | €82k | €86k | ▲ 5.3% |
| Contributions10/11 | - | €99k | €99k | €99k | €99k | = |
| Capital10 | - | €99k | €99k | €99k | €99k | = |
| Profit (loss) carried forward14 | €2k | €3k | €-1k | €-18k | €-13k | ▲ 24.9% |
| Amounts payable17/49 | €19k | €14k | €17k | €42k | €18k | ▼ 56.5% |
| Amounts payable within one year42/48 | €9k | €6k | €2k | €26k | €5k | ▼ 80.6% |
| Trade debts44 | €2k | €3k | €1k | €26k | €5k | ▼ 80.6% |
| Suppliers440/4 | - | €3k | €1k | €26k | €5k | ▼ 80.6% |
| Accrued charges and deferred income492/3 | - | €8k | €15k | €15k | €13k | ▼ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €821 | €717 | €-4k | €-16k | €4k | ▲ 127% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €1k | €897 | ▼ 14.3% |
| Operating cash flow (approximation) | €4k | €4k | €-2k | €-15k | €5k | ▲ 135% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €-344 | €10k | €-13k | ▼ 227% |
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
Next filing, fiscal year 2026, expected by
2026
05-08
State Gazette act
Reappointments: Frédéric Martin, Michel De Raedt and 8 othersResignations: Michel Rowan, Michel De Raedt and 4 others · Appointments: Vincent Mahy, Arnis Baldonieks and 3 others · Director discharge37 facts ▸
State Gazette act
Reappointments: Frédéric Martin, Michel De Raedt and 8 others
Resignations: Michel Rowan, Michel De Raedt and 4 others · Appointments: Vincent Mahy, Arnis Baldonieks and 3 others · Director discharge37 facts ▸
- General meeting, 27/04/2026
- Director reappointment, Frédéric Martin (director)
- Director resignation, Michel Rowan (director)
- Director discharge, Michel Rowan
- Director appointment, Vincent Mahy (director)
- Director reappointment, Michel De Raedt (director)
- Director reappointment, Alain De Trog (director)
- Director reappointment, Danny Brackenier (director)
- Director reappointment, Dirk Abbeloos (director)
- Director reappointment, Bart Verstraete (director)
- Director reappointment, Evarist Wellens (director)
- Director reappointment, Patrick Verlende (director)
- +25 further facts in this act
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 19.84
Current ratio from 4.54 to 19.84; short-term debt falls from €26k to €5k.
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 62.24
Current ratio from 18.14 to 62.24; short-term debt falls from €6k to €2k.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €821
Net result €821 after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26100490). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Alain De Trog
CurrentChair · since 27-04-2026
Arnis Baldonieks
CurrentDirector · since 27-04-2026
Wim De Raedt
CurrentDirector · since 27-04-2026
Dirk Abbeloos
CurrentDirector · since 18-04-2025
Evarist Wellens
CurrentDirector · since 18-04-2025
Patrick Verlende
CurrentDirector · since 18-04-2025
3 other directors
VERSTRAETE Bart
CurrentDirector · since 18-04-2025
Vincent MAHY
CurrentDirector · since 18-04-2025
Frédéric Martin
CurrentVice-chair · since 26-06-2024
27-04-2026
Alain De Trog: Reappointed as Vice-chair
27-04-2026
Alain De Trog: Appointed as Chair
27-04-2026
Arnis Baldonieks: Appointed as Director
27-04-2026
Wim De Raedt: Appointed as Director
27-04-2026
Frédéric Martin: Appointed as Vice-chair
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent
Ground area
807 m²
Building footprint
512 m²
Volume, LiDAR
4,781 m³
Parcel 44804D0487/00K000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0487/00K000 | Flanders | 807 m² | 1 · 512 m² | 12.8 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
via Vincent MAHY · Référent technique du comité de gestion
→
via VERSTRAETE Bart · Statutory director
former→
via VERSTRAETE Bart · Director
former→
Identification & contact
Identification
Legal formNon-profit association
Founded01-01-1941
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.