GUNES
ActiveSummary
GUNES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.39M and a net result of €30k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 1202 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▲+14
Solvency94▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.48 in 2024; short-term debt: 15.8% and cash: 1.3% of total assets), and 31.1% of the assets are financed with debt.
Credit advice 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
68.9%
Return on assets
0.2%
Age of the figures
9 mo
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
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
51 d late
2022
3 d early
2021
16 d early
2020
5 d late
2019
36 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k
2024 · €-224k
2018: €-135k
2019: €-712k
2020: €135k
2021: €5.24M
2022: €1.83M
2023: €1.55M
2024: €-224k
2018 → 2025
Working capital
€-1.57M▲ 38.8%
2024 · €-2.56M
2018: €-2.69M
2019: €-3.36M
2020: €-5.09M
2021: €25k
2022: €1.25M
2023: €-3.11M
2024: €-2.56M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9.20M-€11.03M▲ 19.9%€12.58M▲ 14.1%€12.36M▼ 1.8%€12.39M▲ 0.2%
Operating result€6k-€32k▲ 477%€-172k€56k€222k▲ 294%
Net result€5.24M-€1.83M▼ 65.0%€1.55M▼ 15.2%€-224k€30k
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 294% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.99M
Fixed assets
€16.72M ▼ 1.8%
Current assets
€1.28M ▼ 45.4%
Equity and liabilities €17.99M
Equity
€12.39M ▲ 0.2%
Debt
€5.60M ▼ 19.9%
Debt's share of the balance-sheet total falls from 36.1% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€524k▲
2024 · €366k
Cash flow
€332k▲
2024 · €86k
Current ratio
0.45▼
2024 · 0.48
Quick ratio
0.41▼
2024 · 0.45
Debt to equity
0.45▼
2024 · 0.57
ROE
0.2%▲
2024 · -1.8%
ROA
0.2%▲
2024 · -1.2%
Interest coverage
2.79▲
2024 · 1.31
Debt ≤ 1 year
€2.84M▼
2024 · €4.89M
Debt > 1 year
€2.76M▲
2024 · €2.09M
Income taxes
€9k▲
2024 · €6k
Staff costs
€350k▲
2024 · €312k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€19.35M€17.99M▼
Fixed assets21/28€17.02M€16.72M▼
Intangible fixed assets21€222k€300▼
Tangible fixed assets22/27€1.90M€1.82M▼
Land and buildings22€1.80M€1.73M▼
Plant, machinery and equipment23€80k€73k▼
Furniture and vehicles24€3k€1k▼
Other tangible fixed assets26€12k€11k▼
Financial fixed assets28€14.90M€14.90M=
Current assets29/58€2.33M€1.28M▼
Stocks and contracts in progress3€120k€120k=
Stocks30/36€120k€120k=
Amounts receivable within one year40/41€2.13M€925k▼
Trade receivables40€437k€488k▲
Other amounts receivable41€1.69M€436k▼
Cash at bank and in hand54/58€81k€229k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€19.35M€17.99M▼
Equity10/15€12.36M€12.39M▲
Contributions10/11€5.00M€5.00M=
Reserves13€216k€22k▼
Non-distributable reserves130/1€22k€22k=
Reserves not available under the articles1311€22k€22k=
Tax-exempt reserves132€194k-
Profit (loss) carried forward14€7.15M€7.37M▲
Amounts payable17/49€6.99M€5.60M▼
Amounts payable after more than one year17€2.09M€2.76M▲
Financial debts170/4€2.09M€2.75M▲
Other amounts payable178/9€3k€5k▲
Amounts payable within one year42/48€4.89M€2.84M▼
Current portion of amounts payable after more than one year42€87k€303k▲
Financial debts43€1.03M-
Credit institutions430/8€769k-
Other loans439€266k-
Trade debts44€400k€318k▼
Suppliers440/4€400k€318k▼
Taxes, remuneration and social security45€65k€128k▲
Taxes450/3€30k€80k▲
Remuneration and social security454/9€35k€47k▲
Other amounts payable47/48€3.31M€2.09M▼
Accrued charges and deferred income492/3€8k€906▼
Income statement
Code20242025
Remuneration, social security and pensions62€312k€350k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€309k€302k▼
Other operating charges640/8€25k€24k▼
Gross operating margin9900€703k€898k▲
Operating profit (loss)9901€56k€222k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€278k€188k▼
Recurring financial charges65€278k€188k▼
Profit (loss) for the period before taxes9903€-218k€39k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€-224k€30k▲
Transfer from tax-exempt reserves789€194k€194k=
Profit (loss) for the period to be appropriated9905€-30k€224k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7.15M€7.37M▲
Profit (loss) brought forward from the previous period14P€7.17M€7.15M▼
Social balance
Average headcount (FTE)90874.86.1▲
The notes to these accounts (13 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
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 51 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €10MEq €11.03M ▲19.9%
3 profitable years in a row build equity to €11.03M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €5.24M ▲3776%
Net result €5.24M, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 1.00
Current ratio from 0.16 to 1.00.
31-12
Financial
Equity above €5MEq €9.20M ▲132%
2 profitable years in a row build equity to €9.20M.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
31-12
Financial
Back to profitnet €135k
Net result €135k after 2 loss-making years.
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-712k
Net result drops to €-712k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Sint-Jans-Molenbeek · 1 establishment unit since 1999
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.
Delaunoystraat 1141080 Sint-Jans-MolenbeekGround area
3,520 m²
Building footprint
499 m²
Volume, LiDAR
3,262 m³
Parcel 21523B0782/00B004, Brussels · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GUNES SPRL
since 19992.091.569.626
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0782/00B004 | Brussels | 3,520 m² | 1 · 499 m² | 9.4 m · 2 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
SERVICES F.R.J.
BE 0452.701.671
Ukkel · Eq €13.26M
FRIMADES
BE 0877.018.570
Waregem · Eq €13.40M
Indimmo
BE 0451.580.431
Kortrijk · Eq €11.45M
Autonoom Gemeentebedrijf voor infrastructuur- en patrimoniumbeheer Turnhout
BE 0892.962.204
Turnhout · Eq €11.34M
CALORIBEL
BE 0461.014.472
Sint-Jans-Molenbeek · Eq €13.71M
Of 1,280 companies in sector 81100 we hold annual accounts for 677. 175 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
81100Combined facilities support activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.