Bar Gustave

Active

Private limited companyfounded 20214 yrs activeGrote Steenweg 61, 3440 Zoutleeuw, BelgiumKBO/BCE: BE 0778.330.869

The computed 12-month bankruptcy probability of Bar Gustave is 7.6% (elevated). The 2024 annual accounts show negative equity (€-39k) and a net result of €-84k. Equity is shrinking by ~97.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 18936 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

25 / 100

Weak▼ -44 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+54

Solvency37▲+6

Growth32▼-46

Stability94

Bankruptcy probability, 12 months

7.6% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.64 against 1.38 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-35.3%

Return on assets

-76.6%

Age of the figures

20 mo

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year -€39k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

123 d late

2022

489 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-39k

2023 · €45k

2022: €41k 2023: €45k

2022 → 2024

Total assets

€109k▼ 60.5%

2023 · €277k

2022: €208k 2023: €277k

2022 → 2024

Net result

€-84k

2023 · €4k

2022: €977 2023: €4k

2022 → 2024

Working capital

€-30k

2023 · €60k

2022: €53k 2023: €60k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€41k-€45k▲ 10.2%€-39k

Operating result€4k-€11k▲ 168%€1k▼ 87.7%

Net result€977-€4k▲ 329%€-84k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 88% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €109k

50.5%

49.5%

Fixed assets €55k▼ 7.1%

Current assets €54k▼ 75.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€17k▼

2023 · €26k

Cash flow

€-68k▼

2023 · €18k

Solvency

-35.3%▼

2023 · 16.3%

Current ratio

0.64▼

2023 · 1.38

Quick ratio

0.64▼

2023 · 1.38

Debt / equity

-3.83▼

2023 · 5.14

ROE

217.0%▲

2023 · 9.3%

ROA

-76.6%▼

2023 · 1.5%

Interest coverage

2.27▼

2023 · 5.90

Debt

€148k▼

2023 · €232k

Debt ≤ 1 year

€84k▼

2023 · €157k

Debt > 1 year

€64k▼

2023 · €73k

Income taxes

€338▼

2023 · €3k

Staff costs

€231k▲

2023 · €156k

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€277k€109k▼

Fixed assets21/28€59k€55k▼

Tangible fixed assets22/27€59k€55k▼

Land and buildings22€3k€10k▲

Plant, machinery and equipment23€37k€30k▼

Furniture and vehicles24€19k€14k▼

Financial fixed assets28€414€414=

Current assets29/58€218k€54k▼

Amounts receivable within one year40/41€157k€25k▼

Trade receivables40€530€2k▲

Other amounts receivable41€157k€24k▼

Cash at bank and in hand54/58€59k€27k▼

Deferred charges and accrued income490/1€915€1k▲

Equity and liabilities

Total equity and liabilities10/49€277k€109k▼

Equity10/15€45k€-39k▼

Contributions10/11€40k€40k=

Reserves13€5k€5k=

Distributable reserves133€5k€5k=

Profit (loss) carried forward14-€-84k

Amounts payable17/49€232k€148k▼

Amounts payable after more than one year17€73k€64k▼

Financial debts170/4€73k€64k▼

Amounts payable within one year42/48€157k€84k▼

Current portion of amounts payable after more than one year42€9k€9k▲

Trade debts44€117k€40k▼

Suppliers440/4€117k€40k▼

Taxes, remuneration and social security45€32k€35k▲

Taxes450/3€32k€35k▲

Accrued charges and deferred income492/3€2k€47▼

Income statement Code20232024

Remuneration, social security and pensions62€156k€231k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€16k▲

Other operating charges640/8€459€3k▲

Gross operating margin9900€182k€251k▲

Operating profit (loss)9901€11k€1k▼

Financial income75/76B€13€445▲

Recurring financial income75€13€445▲

Financial charges65/66B€4k€85k▲

Recurring financial charges65€4k€8k▲

Non-recurring financial charges66B-€78k

Profit (loss) for the period before taxes9903€7k€-83k▼

Income taxes67/77€3k€338▼

Profit (loss) for the period9904€4k€-84k▼

Profit (loss) for the period to be appropriated9905€4k€-84k▼

Appropriation of the result

Profit (loss) to be appropriated9906€4k€-84k▼

Transfer to equity691/2€4k-

To other reserves6921€4k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

31-12

Financial Weakest financial yearnet €-84k ▼2099%

Net result drops to €-84k, the lowest in the series.

01-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 123 days late

01-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 489 days late

2023

31-12

Financial Highest result since 2022net €4k ▲329%

Operating result €11k, net result €4k, both a record.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Zoutleeuw · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Grote Steenweg 613440 Zoutleeuw

Ground area

627 m²

Building footprint

337 m²

Volume, LiDAR

2,624 m³

Parcel 24021A0265/00D002, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Bar Gustave

Grote Steenweg 61, 3440 ZoutleeuwRetail sale of wines and spirits

since 20212.325.185.020

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24021A0265/00D002	Flanders	627 m²	1 · 337 m²	12.1 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Zoutleeuw2.325.185.020

1 permission

Toelating · Eetgelegenheid · since 09-08-2022

Similar companies · same sector, comparable size

Sint-Martens-Latem · Eq €45k

Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 9,671 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-12-2021

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

47251Retail sale of wines and spirits

47559Retail sale of other household articles

47599Retail trade

47712Retail trade

56210Event catering

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.