Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2020 accounts came latest: 31 days after the end of the period.
Lower solvency than 94% of companies in food and beverage service. Sector median 29.6% · 18,571 companies.
In July 2024, 6,018 companies had the same profile as DS GHOST has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,018 companies, not a prediction for DS GHOST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| DS GHOST Ixelles | €28,730 | -€7,880 | -238.9% | - |
| T'ELISE Woluwe-Saint-Lambert | €28,513 | -€29,872 | 83.3% | - |
| VERO NEW Saint-Josse-ten-Noode | €33,154 | -€1,303 | 98.3% | - |
| JOTHAN Kortrijk | €29,278 | €1,031 | 77.5% | - |
| JOA Antwerp | €32,441 | -€16,219 | -8.2% | - |
| VILVOORDE 60 Zaventem | €29,377 | -€2,338 | 26.2% | - |
| GIULI Châtelet | €33,681 | -€2,579 | -57.6% | - |
These companies have the same main activity as DS GHOST: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €28,500 and €33,700, founded between 2018 and 2020.
DS GHOST files the micro format. That format states no turnover. The gross margin rose from -€64,780 in 2020 to -€7,880 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 6% of 18,571 companies in 2025.
Lower than 95% of 17,927 companies in 2025.
Higher than 6% of 18,024 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
28,730 | 41,256 | 22,791 | 2,920 | 4,673 | 7,175 | |
21/28 |
22,004 | 24,729 | - | - | - | - | |
21 |
12,000 | 13,500 | - | - | - | - | |
22/27 |
10,004 | 11,229 | - | - | - | - | |
22 |
10,004 | 11,229 | - | - | - | - | |
29/58 |
6,726 | 16,527 | 22,791 | 2,920 | 4,673 | 7,175 | |
3 |
3,337 | 3,160 | - | - | - | - | |
30/36 |
3,337 | 3,160 | - | - | - | - | |
40/41 |
607 | 5,248 | 17,798 | 2,798 | 1,890 | 1,752 | |
40 |
- | - | 15,000 | - | - | 115 | |
41 |
607 | 5,248 | 2,798 | 2,798 | 1,890 | 1,637 | |
54/58 |
2,782 | 8,119 | 4,993 | 122 | 2,783 | 5,424 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
28,730 | 41,256 | 22,791 | 2,920 | 4,673 | 7,175 | |
10/15 |
-68,629 | -52,073 | -25,995 | -26,107 | -8,572 | -62,962 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
-70,629 | -54,073 | -27,995 | -28,107 | -10,572 | -64,962 | |
17/49 |
97,359 | 93,329 | 48,786 | 29,027 | 13,246 | 70,137 | |
42/48 |
97,359 | 93,329 | 48,786 | 29,027 | 13,246 | 7,137 | |
44 |
2,000 | 434 | 1,787 | 2,819 | 294 | - | |
440/4 |
- | 434 | 1,787 | 2,819 | 294 | - | |
441 |
2,000 | - | - | - | - | - | |
45 |
416 | - | - | - | - | - | |
450/3 |
416 | - | - | - | - | - | |
47/48 |
94,942 | 92,894 | 46,998 | 26,208 | 12,952 | 7,137 | |
492/3 |
- | - | - | - | - | 63,000 | |
| Income statement | |||||||
9900 |
-7,880 | -19,308 | 216 | -17,429 | 54,618 | -64,780 | |
630 |
2,725 | 2,521 | - | - | - | - | |
640/8 |
5,200 | 3,240 | - | - | 125 | 175 | |
9901 |
-15,805 | -25,069 | 216 | -17,429 | 54,493 | -64,955 | |
75/76B |
0 | - | - | - | - | - | |
75 |
0 | - | - | - | - | - | |
65/66B |
751 | 1,009 | 104 | 105 | 104 | 7 | |
65 |
751 | 1,009 | 104 | 105 | 104 | 7 | |
9903 |
-16,556 | -26,078 | 112 | -17,534 | 54,389 | -64,962 | |
9904 |
-16,556 | -26,078 | 112 | -17,534 | 54,389 | -64,962 | |
9905 |
-16,556 | -26,078 | 112 | -17,534 | 54,389 | -64,962 | |
| Appropriation of the result | |||||||
9906 |
-70,629 | -54,073 | -27,995 | -28,107 | -10,572 | -64,962 | |
14P |
-54,073 | -27,995 | -28,107 | -10,572 | -64,962 | - | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00440674.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00440674 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00346980 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00410833 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00343620 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20347375 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58700480 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -13,080 | -22,548 | - | - | - | - | ||
| -13,831 | -23,557 | - | - | - | - | ||
| 0 | 27,250 | - | - | - | - | ||
| -5,337 | 3,126 | 4,871 | -2,661 | -2,641 | - | ||
| -90,633 | -76,802 | -25,995 | -26,107 | -8,572 | 38 | ||
| -238.9% | -126.2% | -114.1% | - | - | -877.5% | ||
| 0.07 | 0.18 | 0.47 | - | - | 1.01 | ||
| 0.03 | 0.14 | 0.47 | - | - | 1.01 | ||
| -57.6% | -63.2% | 0.5% | - | - | -905.3% | ||
| -17.41 | -22.35 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,250 | - | - | - |
| Intangible fixed assets | - | €15,000 | - | - | - |
| €2,725 | €2,521 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €15,805, smaller than the loss of €25,069 in 2024.
Equity is negative. Debt (€97,359) exceeds the balance-sheet total (€28,730).
DS GHOST has no parent and no holdings in its annual accounts.
| Aud & Ben
establishment since 21-03-2013 · founded in 2013 |
total assets €49,764 (2025) 0521.772.601 |
| Jacobs, Christian (sole trader)
establishment since 30-06-1986 |
founded in 1980 0868.706.165 |
| La Tourelle
registered office since 13-12-1968 |
founded in 1968 0406.140.780 |
via , at DS GHOST, last mentioned in 2019 · Director · deed of 29-12-2023 founded in 2018 |
total assets €96,384 (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Start date | Unit number | FASFC approval |
|---|---|---|---|
| La Tourelle registered office Generaal Jacqueslaan 48, 1050 Ixelles | 01-01-2024 | 2.355.134.363 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21444B0351/00_000 | 208 m² | 1 · 196 m² | 19.9 m · 5 |
If something looks wrong or is missing, please tell us.