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5th GÖK

Active
Private limited companyfounded 2016active for 10 yearsVrijdagmarkt 51, 9000 Gent, BelgiumKBO/BCE: BE 0651.720.432
Summary

The computed 12-month bankruptcy probability of 5th GÖK is 4.2% (elevated). The 2024 annual accounts show equity of €114,707 and a net result of €12,393. Equity has been growing by about 27% per year since 2018. Its solvency ranks better than 77% of 18,734 sector peers (NACE 56, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 07-04-2016 Normal situation
Activity
Full-service restaurants NACE 56111and 1 other
Establishment unit
2.253.292.479 9000 Gent, since 07-04-2016
Financial year end
31 December
Peppol
Reachable since 19-01-2026

Financial position

50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.2%
Annual accounts 2024
Gross margin
€81,313
▼ 17.5%
Turnover
≈ €260,000
estimated
Profit
€12,393
▼ 50.7%
Equity
€114,707
▲ 12.1%
Total assets
€189,301
▲ 18.8%
Staff
≈ 1.3 FTE
estimated
  • 2025 accounts not filed, 94 days past the deadline
Filed on 02-04-2026
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 245 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 08-04-2026)Sector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 2.28, cash €78,114Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 70% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2023
Strong
Solvency 86-3
equity 60.6% of total assets
Liquidity 82=
short-term debt 39.4% · cash 41.3%
Profitability 77-11
return on assets 6.5%
Bankruptcy probability within 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,778 companies, NACE 56, micro)
Last 24 months 12-2024: 1.5% 01-2025: 1.4%▼ -0.1 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.4%● unchanged vs 05-2025lowest value 07-2025: 1.5%▲ +0.1 percentage points vs 06-2025 08-2025: 1.9%▲ +0.4 percentage points vs 07-2025 09-2025: 2.2%▲ +0.3 percentage points vs 08-2025 10-2025: 3.1%▲ +0.9 percentage points vs 09-2025 11-2025: 3.2%▲ +0.1 percentage points vs 10-2025 12-2025: 4.6%▲ +1.4 percentage points vs 11-2025 01-2026: 6.7%▲ +2.1 percentage points vs 12-2025 02-2026: 6.7%● unchanged vs 01-2026 03-2026: 6.9%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 6.3%▼ -0.6 percentage points vs 03-2026 05-2026: 2.3%▼ -4.0 percentage points vs 04-2026 06-2026: 2.2%▼ -0.1 percentage points vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 2.8%▲ +0.6 percentage points vs 07-2026 09-2026: 3.2%▲ +0.4 percentage points vs 08-2026 10-2026: 4.2%▲ +1.0 percentage point vs 09-2026 11-2026: 4.2%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.28 (2.39 in 2023), above the usual 1.5. Short-term debt is 39.4% and cash 41.3% of total assets. 39.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 56, micro). It does better than 77% of them on solvency, 84% on liquidity, 61% on profitability and 58% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 245 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 08-04-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.28, cash €78,114
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
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, 94 days later.
NBB · 8 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
raises risk · 2024 accounts filed 245 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-04-2026, 245 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 8 filings
Deviation from the deadline
2025
not filed
2024
245 days late
2023
77 days late
2022
436 days late
2021
394 days late
2020
423 days late
2019
788 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 394 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 81% of companies in food and beverage servicesector median €27,803 · 18,775 companies €114,707 View

Recent changes

  1. · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as 5th GÖK: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €173,000 and €195,000, founded between 2015 and 2017.

CompanyTotal assetsGross margin
5th GÖK Gent€189,301€81,313
Anar Resto Gent€193,404€79,864
Carlos Aarschot€195,198€87,863
Golden Palace Bredene€186,776€73,663
LIMBURGSE STREEKPRODUCTEN Riemst€181,651€78,161
BRUXELLES PANDA Oudergem€173,056€84,601
Ca'Del Fa Sint-Truiden€180,614€89,484
Full comparison

Key facts about 5th GÖK

What is the company number of 5th GÖK?
The company number of 5th GÖK is 0651.720.432. The VAT number is the same number with BE in front: BE 0651.720.432.
Where is 5th GÖK based?
The registered office is at Vrijdagmarkt 51, 9000 Gent.Company details
What does 5th GÖK do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of 5th GÖK?
The legal form of 5th GÖK is Private limited company (BV).
When was 5th GÖK founded?
5th GÖK was founded on 07-04-2016.
Is 5th GÖK still active?
Yes, 5th GÖK is an active enterprise in the KBO register.
How many employees does 5th GÖK have?
5th GÖK had an average of 2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of 5th GÖK?
The turnover in financial year 2024 is ≈ €260,000. This figure is estimated from the gross margin of €81,313 and 73 comparable companies (NACE 56111). It probably lies between €220,000 and €350,000.
Is 5th GÖK profitable?
In financial year 2024, 5th GÖK made a profit of €12,393.
Where can I find the annual accounts of 5th GÖK?
5th GÖK filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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