5th GÖK
ActiveThe computed 12-month bankruptcy probability of 5th GÖK is 1.8% (moderate). The 2024 annual accounts show equity of €115k and a net result of €12k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 77% of 18936 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability54▼-46
Solvency99=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.39 in 2023), and 39.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
245 d late
2023
77 d late
2022
436 d late
2021
394 d late
2020
423 d late
2019
788 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€115k▲ 12.1%
2023 · €102k
2018: €-10k
2019: €3k
2020: €81k
2021: €64k
2022: €77k
2023: €102k
2018 → 2024
Total assets
€189k▲ 18.8%
2023 · €159k
2018: €128k
2019: €114k
2020: €143k
2021: €115k
2022: €156k
2023: €159k
2018 → 2024
Net result
€12k▼ 50.7%
2023 · €25k
2018: €-17k
2019: €13k
2020: €-23k
2021: €23k
2022: €24k
2023: €25k
2018 → 2024
Working capital
€96k▲ 21.0%
2023 · €79k
2018: €-110k
2019: €-74k
2020: €4k
2021: €3k
2022: €34k
2023: €79k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€64k▼ 21.2%€77k▲ 21.2%€102k▲ 32.6%€115k▲ 12.1%
Operating result€-10k-€23k€25k▲ 8.0%€26k▲ 2.2%€24k▼ 5.2%
Net result€-23k-€23k€24k▲ 6.5%€25k▲ 4.0%€12k▼ 50.7%
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 falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €189k
Fixed assets
€19k▼ 18.0%
Current assets
€170k▲ 25.1%
Equity and liabilities €189k
Equity
€115k▲ 12.1%
Debt
€75k▲ 30.7%
The debt ratio rises from 35.8% to 39.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€31k▼
2023 · €46k
Cash flow
€19k▼
2023 · €46k
Solvency
60.6%▼
2023 · 64.2%
Current ratio
2.28▼
2023 · 2.39
Quick ratio
2.03▼
2023 · 2.10
Debt / equity
0.65▲
2023 · 0.56
ROE
10.8%▼
2023 · 24.6%
ROA
6.5%▼
2023 · 15.8%
Interest coverage
43.91▼
2023 · 114.23
Debt
€75k▲
2023 · €57k
Debt ≤ 1 year
€75k▲
2023 · €57k
Income taxes
€11k
Staff costs
€44k▼
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€159k€189k▲
Fixed assets21/28€23k€19k▼
Intangible fixed assets21€16k€15k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€48-
Furniture and vehicles24€139-
Other tangible fixed assets26€7k€4k▼
Financial fixed assets28€100-
Current assets29/58€136k€170k▲
Stocks and contracts in progress3€16k€19k▲
Stocks30/36€16k€19k▲
Amounts receivable within one year40/41€19k€65k▲
Trade receivables40-€43k
Other amounts receivable41€19k€22k▲
Cash at bank and in hand54/58€62k€78k▲
Deferred charges and accrued income490/1€39k€9k▼
Equity and liabilities
Total equity and liabilities10/49€159k€189k▲
Equity10/15€102k€115k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Profit (loss) carried forward14€84k€96k▲
Amounts payable17/49€57k€75k▲
Amounts payable within one year42/48€57k€75k▲
Trade debts44€37k€8k▼
Suppliers440/4€37k€8k▼
Taxes, remuneration and social security45€20k€67k▲
Taxes450/3€7k€64k▲
Remuneration and social security454/9€13k€2k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€302k-
Remuneration, social security and pensions62€49k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€7k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€99k€81k▼
Operating profit (loss)9901€26k€24k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€402€704▲
Recurring financial charges65€402€704▲
Profit (loss) for the period before taxes9903€25k€24k▼
Income taxes67/77-€11k
Profit (loss) for the period9904€25k€12k▼
Profit (loss) for the period to be appropriated9905€25k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€96k▲
Profit (loss) brought forward from the previous period14P€59k€84k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 245 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 436 days late
2023
31-12
Financial
Highest result since 2018net €25k ▲4%
Operating result €26k, net result €25k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲32.6%
3 profitable years in a row build equity to €102k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 394 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 423 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 788 days late
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-23k ▼273%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.33 to 1.06; short-term debt falls from €111k to €62k.
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
20-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 81 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2016
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.
Vrijdagmarkt 519000 GentGround area
210 m²
Building footprint
144 m²
Volume, LiDAR
1,253 m³
Parcel 44802B1648/00A000, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
5th GÖK
since 20162.253.292.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1648/00A000 | Flanders | 210 m² | 1 · 144 m² | 13.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.253.292.479
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GCND
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Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 9,310 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477/511.175