GOUYNRG · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GOUYNRG is 0.9% (low). The 2025 annual accounts show negative equity (€-1.29M) and a net result of €-537k. Equity is shrinking by ~101.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 30 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	26-05-2026	66 d early	2026-00121090
31-12-2024	31-07-2025	19-06-2025	42 d early	2025-00155170
31-12-2023	31-07-2024	17-05-2024	75 d early	2024-00089938
31-12-2022	31-07-2023	12-06-2023	49 d early	2023-00119796

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-537k+44.7%

Working capital€-2.87M-403.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 26-05-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~101.6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 35 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-4.2%	26.1%	better than 10% of 30 sector peers
Equity	€-1.29M	€6.03M	better than 5% of 30 sector peers
Total assets	€30.83M	€26.24M	better than 55% of 30 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P10

Weakening position over 2022-2025 · n=30-89

Net result P8

Weakening position over 2022-2024 · n=54-88

Equity P5

Weakening position over 2022-2025 · n=30-89

Total assets P55

Improving position over 2022-2025 · n=30-89

Describes the position versus peers, not a forecast.

EBITDA

€2.58M

- 22-25

Net profit

€-537k

+44.7% 22-25

Cash flow

€1.43M

- 22-25

Total assets

€30.83M

+11.1% 22-25

Equity

€-1.29M

-71.7% 22-25

Working capital

€-2.87M

-403.9% 22-25

Debt

€32.08M

+12.6% 22-25

Debt ≤ 1y

€5.63M

+318.9% 22-25

Debt > 1y

€26.03M

-3.5% 22-25

Current ratio

0.49

-14.9% 22-25

Quick ratio

0.49

-14.9% 22-25

Solvency

-4.2%

-54.6% 22-25

Debt / equity

-24.94

+34.5% 22-25

ROE

41.8%

-67.8% 22-25

ROA

-1.7%

+50.2% 22-25

Interest coverage

2.25

- 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	-
EBITDA	€2.58M
Net profit	€-537k
Cash flow	€1.43M
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€30.83M
Equity	€-1.29M
Debt	€32.08M
of which ≤ 1y	€5.63M
of which > 1y	€26.03M
Working capital	€-2.87M
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.49
Quick ratio	0.49
Working capital ratio	-9.3%
Solvency	-4.2%
Debt / equity	-24.94
Long-term debt ratio	-20.24
Interest coverage	2.25
Gross margin	-
Net margin	-
ROA	-1.7%
ROE	41.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €28.07M · 91.1% Current assets €2.76M · 9.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€30.83M
Fixed assets	21/28	€28.07M
Intangible fixed assets	21	€1.92M
Tangible fixed assets	22/27	€26.15M
Financial fixed assets	28	€4k
Current assets	29/58	€2.76M
Amounts receivable within one year	40/41	€2.71M
Cash & bank	54/58	€42k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€30.83M
Equity	10/15	€-1.29M
Contributions / capital	10/11	€100k
Accumulated profits (losses)	14	€-1.39M
Provisions & deferred taxes	16	€33k
Amounts payable	17/49	€32.08M
Amounts payable after one year	17	€26.03M
Amounts payable within one year	42/48	€5.63M
Trade debts payable within one year	44	€399k
Income statement
Gross operating margin	9900	€2.61M
Operating result	9901	€608k
Financial charges	65	€1.15M
Result before taxes	9903	€-537k
Net result for the period	9904	€-537k
Result to be appropriated	9905	€-537k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

28 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rue As-Pois(TOU) 4D7500 Tournai

Establishment units

1 location

GOUYRNG

Rue As-Pois(TOU) 4A, 7500 TournaiProductie van elektriciteit uit niet-hernieuwbare bronnen

since 20212.317.962.181

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area235 m²

Buildings2

Building footprint222 m²

Volume (LiDAR)2,507 m³

Tallest building14.8 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57081G0109/00N002	Wallonia	134 m²	1 · 140 m²	14.8 m · 4 fl.
57081G0028/00C000indicative	Wallonia	100 m²	1 · 82 m²	11.6 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

1 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

17-03-2023

Registered-office move

All acts · 1 updated 3 years ago

2023

17-03-2023 Registered office moved within Tournai Registered-office change

Rue as-pois 4A à 7500 Tournai → 7500 Tournai, Rue As-pois numéro 4D

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

57 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 28

Profitability 100

Solvency 33

Growth 32

Stability 94

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Credit advice

verdict per customer and amount

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We hold annual accounts for 76 of the 563 companies in this sector. 44 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Handel in elektriciteit35140Handel in elektriciteit35150Productie van elektriciteit35110Productie van elektriciteit uit niet-hernieuwbare bronnen35110Transmissie van elektriciteit35120Transmissie van elektriciteit35130Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameFR	GOUYNRG
AbbreviationFR	GNRG

Registered office

Rue As-Pois(TOU) 4D

7500 Tournai, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.