De Geestige Put

Active

Private limited companyfounded 20206 yrs activeCaseelstraat 45, 8790 Waregem, BelgiumKBO/BCE: BE 0752.732.074

The computed 12-month bankruptcy probability of De Geestige Put is 3.7% (moderate). The 2024 annual accounts show equity of €290k and a net result of €25k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 2936 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability71=

Solvency45▲+2

Growth52=

Track record100

Bankruptcy probability, 12 months

3.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €14k at 30 days acceptable

Liquidity short (current ratio 0.43 against 0.39 in 2023; short-term debt: 26.2% and cash: 1.7% of total assets), and 80.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four 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

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

44 d early

2022

11 d early

2021

34 d early

← 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, abbreviated schema

Equity

€290k▲ 9.4%

2023 · €265k

2021: €148k 2022: €180k 2023: €265k

2021 → 2024

Total assets

€1.48M▼ 1.1%

2023 · €1.49M

2021: €1.62M 2022: €1.59M 2023: €1.49M

2021 → 2024

Net result

€25k▼ 11.1%

2023 · €28k

2021: €48k 2022: €32k 2023: €28k

2021 → 2024

Working capital

€-222k▼ 7.5%

2023 · €-206k

2021: €-59k 2022: €-236k 2023: €-206k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€148k-€180k▲ 21.8%€265k▲ 46.9%€290k▲ 9.4%

Operating result€82k-€58k▼ 29.3%€51k▼ 12.9%€56k▲ 10.7%

Net result€48k-€32k▼ 32.9%€28k▼ 12.9%€25k▼ 11.1%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 11% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.48M

88.8%

11%

Fixed assets €1.31M▼ 3.5%

Current assets €165k▲ 23.7%

Equity and liabilities €1.48M

19.6%

80.4%

Equity €290k▲ 9.4%

Debt €1.19M▼ 3.4%

The debt ratio falls from 82.3% to 80.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€206k▲

2023 · €190k

Cash flow

€175k▲

2023 · €168k

Solvency

19.6%▲

2023 · 17.7%

Current ratio

0.43▲

2023 · 0.39

Quick ratio

0.40▲

2023 · 0.36

Debt / equity

4.09▼

2023 · 4.64

ROE

8.6%▼

2023 · 10.6%

ROA

1.7%▼

2023 · 1.9%

Interest coverage

8.58▼

2023 · 8.75

Debt

€1.19M▼

2023 · €1.23M

Debt ≤ 1 year

€386k▲

2023 · €340k

Debt > 1 year

€800k▼

2023 · €873k

Income taxes

€9k▲

2023 · €3k

Staff costs

€335k▼

2023 · €367k

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€1.49M€1.48M▼

Formation expenses20€2k€1k▼

Fixed assets21/28€1.36M€1.31M▼

Intangible fixed assets21€33k€19k▼

Tangible fixed assets22/27€1.32M€1.29M▼

Land and buildings22€937k€958k▲

Plant, machinery and equipment23€350k€306k▼

Furniture and vehicles24€38k€28k▼

Financial fixed assets28€0-

Current assets29/58€133k€165k▲

Stocks and contracts in progress3€12k€12k▲

Stocks30/36€12k€12k▲

Amounts receivable within one year40/41€84k€117k▲

Trade receivables40€8k€117k▲

Other amounts receivable41€77k€24▼

Cash at bank and in hand54/58€27k€25k▼

Deferred charges and accrued income490/1€10k€11k▲

Equity and liabilities

Total equity and liabilities10/49€1.49M€1.48M▼

Equity10/15€265k€290k▲

Contributions10/11€156k€156k=

Reserves13€108k€133k▲

Distributable reserves133€108k€133k▲

Amounts payable17/49€1.23M€1.19M▼

Amounts payable after more than one year17€873k€800k▼

Financial debts170/4€873k€800k▼

Amounts payable within one year42/48€340k€386k▲

Current portion of amounts payable after more than one year42€156k€181k▲

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€43k€79k▲

Suppliers440/4€43k€79k▲

Advances received on contracts in progress46€0€7k▲

Taxes, remuneration and social security45€25k€20k▼

Taxes450/3€23k€17k▼

Remuneration and social security454/9€2k€3k▲

Other amounts payable47/48€115k€100k▼

Accrued charges and deferred income492/3€15k€198▼

Income statement Code20232024

Non-recurring operating income76A€5k€0▼

Remuneration, social security and pensions62€367k€335k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€140k€150k▲

Other operating charges640/8€9k€8k▼

Gross operating margin9900€567k€550k▼

Operating profit (loss)9901€51k€56k▲

Financial income75/76B€2k€2k▼

Recurring financial income75€2k€2k▼

Financial charges65/66B€22k€24k▲

Recurring financial charges65€22k€24k▲

Profit (loss) for the period before taxes9903€31k€34k▲

Income taxes67/77€3k€9k▲

Profit (loss) for the period9904€28k€25k▼

Profit (loss) for the period to be appropriated9905€28k€25k▼

Appropriation of the result

Profit (loss) to be appropriated9906€28k€25k▼

Transfer to equity691/2€28k€25k▼

To other reserves6921€28k€25k▼

Social balance

Average headcount (FTE)90878.16.8▼

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €25k ▼11.1%

Net result drops to €25k, the lowest in the series.

17-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €200kEq €265k ▲46.9%

3 profitable years in a row build equity to €265k.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €150kEq €180k ▲21.8%

2 profitable years in a row build equity to €180k.

27-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

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, Waregem · 1 establishment unit since 2020

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.

Caseelstraat 458790 Waregem

Ground area

1,609 m²

Building footprint

994 m²

Volume, LiDAR

6,630 m³

Parcel 34453E0114/00F002, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

De Geestige Put

Caseelstraat 45, 8790 WaregemAccommodation

since 20202.308.298.112

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34453E0114/00F002	Flanders	1,609 m²	1 · 994 m²	11.0 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.

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

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Waregem2.308.298.112

2 permissions

Toelating · Eetgelegenheid · since 15-03-2021

Kamer met ontbijt · since 15-03-2021

Similar companies · same sector, comparable size

Bilzen-Hoeselt · Eq €289k

Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 7,750 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-08-2020

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

55100Hotels and similar accommodation

79120Travel agency, tour operator and other reservation service and related activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.