Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Golden Fleece Group from Elsene, company number BE0772820279, closed financial year 2025 with a result of € -17,682 after tax. For that financial year Golden Fleece Group recorded a gross margin of € 2,112 and equity of € -18,891. Compared with financial year 2024, the result moved from € -41,722 to € -17,682. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2026.
€ -18,891
▼ € 17,682 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,682
▲ 58 % less loss than in 2024
Profit after tax over the fiscal year.
€ 487
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,891.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 17,462
▼ 47% vs 2024
Of which on lease € 16,362.
Debts at end 2025
€ 23,498
▼ 35% vs 2024
€ 13,362 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4,341
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 850
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,548 | € 79,958 | € 10,475 | € 2,112 | ▼ 80% |
| Profit after taxes | € 41,120 | € 22,392 | € -41,722 | € -17,682 | ▲ € 24,040 |
| Equity | € 18,120 | € 40,513 | € -1,209 | € -18,891 | ▼ € 17,682 |
| Total debts | € 107,680 | € 76,506 | € 60,853 | € 45,635 | ▼ 25% |
| Cash | € 8,231 | € 6,728 | € 1,757 | € 487 | ▼ 72% |
| Retained profit | € 16,120 | € 38,513 | € -3,209 | € -20,891 | ▼ € 17,682 |
| Dividend | € 25,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 61,762 | € 49,129 | € 36,061 | € 23,498 | ▼ 35% |
| Balance sheet total | € 125,801 | € 117,019 | € 59,644 | € 26,743 | ▼ 55% |
Key figures of Golden Fleece Group, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Golden Fleece Group?
What happened at Golden Fleece Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,682. filed late Source: NBB ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
- TED HIZMO became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 41,120 profit in 2022 to € 17,682 loss in 2025.
Paid € 11,682 in corporate taxes since 2022.
Best year ever: 2022, with € 41,120 profit.
Paid out € 25,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Golden Fleece Group is TED HIZMO.
Directors
According to the 2025 annual accounts
TED HIZMO
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Gulden-Vlieslaan 23
1050 Elsene
Marcel Thirylaan 216 box 401
1200 Sint-Lambrechts-Woluwe
Active since 24 November 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Soconet
Infotecha
CEDALEX
€ 43,290 gross margin · 2025
TOISON INVESTISSEMENTS
€ -2,635 gross margin · 2025
TOISOR PROPERTY
€ -2,635 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0772.820.279
- VAT number
- BE 0772.820.279
- Registered office
- Gulden-Vlieslaan 23, 1050 Elsene
- Names & denominations
- Golden Fleece Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 August 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Overige gespecialiseerde ontwerpactiviteiten
Overige rechtskundige dienstverlening
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Computerconsultancy-activiteiten
+2