G.D.CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of G.D.CONCEPT is 1.5% (moderate). The 2025 annual accounts show equity of €38,122 and a net result of €11,521. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 13874 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+38
Solvency100▲+27
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 4.31 against 1.49 in 2024; short-term debt: 19.1% and cash: 63% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.9%
Return on assets
24.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
33 d early
2022
21 d late
2021
22 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€38,122▲ 43.3%
2024 · €26,601
Total assets
€47,130▼ 15.8%
2024 · €55,987
Net result
€11,521
2024 · -€3,328
Working capital
€29,776▲ 109%
2024 · €14,278
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,050-€8,128-€6,569▲ 19.2%-€3,220▲ 51.0%€12,395
Net result€18,266within the sector's middle half▲ 297%-€8,202within the sector's middle half-€6,669within the sector's middle half▲ 18.7%-€3,328within the sector's middle half▲ 50.1%€11,521within the sector's middle half
Equity€44,800within the sector's middle half▲ 68.8%€36,598within the sector's middle half▼ 18.3%€29,930within the sector's middle half▼ 18.2%€26,601within the sector's middle half▼ 11.1%€38,122within the sector's middle half▲ 43.3%
Total assets€70,062within the sector's middle half▲ 48.1%€58,438within the sector's middle half▼ 16.6%€51,508within the sector's middle half▼ 11.9%€55,987within the sector's middle half▲ 8.7%€47,130below the sector's middle half▼ 15.8%
Debt€25,262▲ 21.5%€21,839▼ 13.5%€21,578▼ 1.2%€29,386▲ 36.2%€9,008▼ 69.3%
Working capital€34,757within the sector's middle half▲ 180%€16,320within the sector's middle half▼ 53.0%€13,629within the sector's middle half▼ 16.5%€14,278within the sector's middle half▲ 4.8%€29,776within the sector's middle half▲ 109%
Solvency63.9%above the sector's middle half▲ 7.9pp62.6%above the sector's middle half▼ 1.3pp58.1%above the sector's middle half▼ 4.5pp47.5%within the sector's middle half▼ 10.6pp80.9%above the sector's middle half▲ 33.4pp
Current ratio2.38above the sector's middle half▲ 0.781.75within the sector's middle half▼ 0.631.63within the sector's middle half▼ 0.121.49within the sector's middle half▼ 0.154.31above the sector's middle half▲ 2.82
Return on assets (ROA)26.1%above the sector's middle half▲ 16.4pp-14.0%below the sector's middle half▼ 40.1pp-12.9%below the sector's middle half▲ 1.1pp-5.9%below the sector's middle half▲ 7.0pp24.4%above the sector's middle half▲ 30.4pp
Staff (FTE)1▲ 25.0%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12,395 after a loss of €3,220 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,130
Fixed assets
€8,346 ▼ 32.3%
Current assets
€38,784 ▼ 11.2%
Equity and liabilities €47,130
Equity
€38,122 ▲ 43.3%
Debt
€9,008 ▼ 69.3%
Debt's share of the balance-sheet total falls from 52.5% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,372▲
2024 · €758
Cash flow
€15,498▲
2024 · €649
Quick ratio
3.70▲
2024 · 1.33
Debt to equity
0.24▼
2024 · 1.10
ROE
30.2%▲
2024 · -12.5%
Interest coverage
24.79▲
2024 · 15.30
Debt ≤ 1 year
€9,008▼
2024 · €29,386
Income taxes
€214▲
2024 · €60
Staff costs
€38,900▼
2024 · €41,131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29,035 | €34,747 | €34,166 | €41,131 | €38,900 | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,067 | €4,650 | €3,977 | €3,977 | €3,977 | = |
| Other operating charges640/8 | - | - | - | - | €2,305 | - |
| Gross operating margin9900 | €52,153 | €31,269 | €31,574 | €41,888 | €57,577 | ▲ 37.5% |
| Operating profit (loss)9901 | €19,050 | -€8,128 | -€6,569 | -€3,220 | €12,395 | ▲ 485% |
| Financial income75/76B | €0 | €0 | - | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | €0 | - | - |
| Financial charges65/66B | €784 | €74 | €55 | €50 | €660 | ▲ 1,233% |
| Recurring financial charges65 | €784 | €74 | €55 | €50 | €660 | ▲ 1,233% |
| Profit (loss) for the period before taxes9903 | €18,266 | -€8,202 | -€6,625 | -€3,269 | €11,735 | ▲ 459% |
| Income taxes67/77 | - | - | €44 | €60 | €214 | ▲ 259% |
| Profit (loss) for the period9904 | €18,266 | -€8,202 | -€6,669 | -€3,328 | €11,521 | ▲ 446% |
| Profit (loss) for the period to be appropriated9905 | €18,266 | -€8,202 | -€6,669 | -€3,328 | €11,521 | ▲ 446% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,062 | €58,438 | €51,508 | €55,987 | €47,130 | ▼ 15.8% |
| Fixed assets21/28 | €10,043 | €20,278 | €16,301 | €12,324 | €8,346 | ▼ 32.3% |
| Tangible fixed assets22/27 | €7,922 | €18,157 | €14,180 | €10,202 | €6,225 | ▼ 39.0% |
| Land and buildings22 | €191 | - | - | - | - | - |
| Plant, machinery and equipment23 | €7,628 | €6,000 | €5,000 | €4,000 | €3,000 | ▼ 25.0% |
| Furniture and vehicles24 | €102 | €12,157 | €9,179 | €6,202 | €3,225 | ▼ 48.0% |
| Financial fixed assets28 | €2,121 | €2,121 | €2,121 | €2,121 | €2,121 | = |
| Current assets29/58 | €60,019 | €38,160 | €35,207 | €43,664 | €38,784 | ▼ 11.2% |
| Stocks and contracts in progress3 | €5,243 | €4,440 | €5,163 | €4,591 | €5,493 | ▲ 19.6% |
| Stocks30/36 | €5,243 | €4,440 | €5,163 | €4,591 | €5,493 | ▲ 19.6% |
| Amounts receivable within one year40/41 | €2,619 | €3,450 | €8,110 | €1,396 | €3,594 | ▲ 158% |
| Trade receivables40 | €2,472 | €2,314 | €6,950 | €235 | €3,440 | ▲ 1,362% |
| Other amounts receivable41 | €148 | €1,136 | €1,160 | €1,160 | €155 | ▼ 86.7% |
| Cash at bank and in hand54/58 | €52,157 | €30,270 | €21,934 | €37,677 | €29,697 | ▼ 21.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,062 | €58,438 | €51,508 | €55,987 | €47,130 | ▼ 15.8% |
| Equity10/15 | €44,800 | €36,598 | €29,930 | €26,601 | €38,122 | ▲ 43.3% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,050 | €2,050 | €2,050 | €2,050 | €13,122 | ▲ 540% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €190 | €190 | €190 | €190 | €190 | = |
| Distributable reserves133 | - | - | - | - | €11,072 | - |
| Profit (loss) carried forward14 | €17,750 | €9,548 | €2,879 | -€449 | - | - |
| Amounts payable17/49 | €25,262 | €21,839 | €21,578 | €29,386 | €9,008 | ▼ 69.3% |
| Amounts payable within one year42/48 | €25,262 | €21,839 | €21,578 | €29,386 | €9,008 | ▼ 69.3% |
| Trade debts44 | €2,750 | €1,496 | €144 | €4,914 | €357 | ▼ 92.7% |
| Suppliers440/4 | €2,750 | €1,496 | €144 | €4,914 | €357 | ▼ 92.7% |
| Taxes, remuneration and social security45 | €4,476 | €2,308 | €3,399 | €6,293 | €8,651 | ▲ 37.5% |
| Taxes450/3 | €1,288 | - | - | - | €1,981 | - |
| Remuneration and social security454/9 | €3,188 | €2,308 | €3,399 | €6,293 | €6,671 | ▲ 6.0% |
| Other amounts payable47/48 | €18,035 | €18,035 | €18,035 | €18,178 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,266 | -€8,202 | -€6,669 | -€3,328 | €11,521 | ▲ 446% |
| + Depreciation and write-downs630 | €4,067 | €4,650 | €3,977 | €3,977 | €3,977 | = |
| Operating cash flow (approximation) | €22,333 | -€3,551 | -€2,691 | €649 | €15,498 | ▲ 2,288% |
| Investment in fixed assets (approximation) | - | -€14,886 | €0 | €0 | €0 | - |
| Change in cash | - | -€21,887 | -€8,336 | €15,743 | -€7,980 | ▼ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €11,521
Net result €11,521 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.31
Current ratio from 1.49 to 4.31; short-term debt falls from €29,386 to €9,008.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Weakest financial yearnet -€8,202
Net result drops to -€8,202, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €18,266 ▲297%
Operating result €19,050, net result €18,266, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2013
Ground area
77 m²
Building footprint
55 m²
Volume, LiDAR
684 m³
Parcel 57081G0402/00B000, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KIWI
since 20132.219.705.438
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081G0402/00B000 | Wallonia | 77 m² | 1 · 55 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 siteTournai2.219.705.438
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Of 21,835 companies in this sector we hold annual accounts for 9,786. 8,454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded17-06-2013
Fiscal year end31-12
Trade name FR
KIWI
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
Contact
Phone
0484/61.71.34Tournai
E-invoicing
Reachable via Peppol
Peppol ID
0208:0535731691
Registered
19-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.