GABBA DEVELOPMENT

Active

Private limited company (pre-2019)founded 20179 yrs activeVinkstraat 16, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0681.385.111

The computed 12-month bankruptcy probability of GABBA DEVELOPMENT is 6.4% (elevated). For GABBA DEVELOPMENT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (€-79k) and a net result of €-57k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 331 sector peers (fiscal year 2022). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

No current score

Figures too old

The available figures for FY 2022 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Axes, FY 2022 · tick = 2021

Profitability0=

Solvency0=

Growth32=

Track record100

Bankruptcy probability, 12 months

6.4% Elevated

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

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 2022

Solvency, return and age of the figures

Solvency

-446.2%

Return on assets

-320.6%

Age of the figures

54 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 11

Relative position

BE, all sectors

reference

Sector 11

lower

← fewer bankruptcies more bankruptcies →

Two or more financial years not filed

Since the financial year that closed on 31-03-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 4 filings

Position against the passed deadline

31-03-2023 close31-10-2023 deadline18-09-2026 today

Filed after the deadline

The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 05-01-2023, 66 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 · 4 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

66 d late

2021

431 d late

2020

30 d late

2019

4 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 2022, micro schema

Equity

€-79k▼ 255%

2021 · €-22k

2019: €-880 2020: €4k 2021: €-22k

2019 → 2022

Total assets

€18k▼ 25.2%

2021 · €24k

2019: €35k 2020: €35k 2021: €24k

2019 → 2022

Net result

€-57k▼ 46.3%

2021 · €-39k

2019: €-7k 2020: €5k 2021: €-39k

2019 → 2022

Working capital

€-90k▼ 148%

2021 · €-36k

2019: €-8k 2020: €-5k 2021: €-36k

2019 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2019202020212022Trend

Equity€-880-€4k€-22k€-79k▼ 255%

Operating result€-7k-€8k€-39k€-57k▼ 44.2%

Net result€-7k-€5k€-39k€-57k▼ 46.3%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €57k in 2022 against €39k in 2021; the loss grows and 2022 has the lowest result in the available series.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €18k

57.2%

42.8%

Fixed assets €10k▼ 38.5%

Current assets €8k▲ 5.5%

Key figures and ratios

2022 value · change against 2021

EBITDA

€-49k▼

2021 · €-32k

Cash flow

€-49k▼

2021 · €-32k

Solvency

-446.2%▼

2021 · -94.0%

Current ratio

0.08▼

2021 · 0.17

Quick ratio

0.07▼

2021 · 0.15

Debt / equity

-1.22▲

2021 · -2.06

ROA

-320.6%▼

2021 · -164.0%

Debt

€97k▲

2021 · €46k

Debt ≤ 1 year

€97k▲

2021 · €43k

Debt > 1 year

€0▼

2021 · €3k

Income taxes

€550▲

2021 · €-384

Staff costs

€4k▼

2021 · €11k

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 · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€24k€18k▼

Fixed assets21/28€17k€10k▼

Tangible fixed assets22/27€10k€4k▼

Plant, machinery and equipment23€715€1k▲

Furniture and vehicles24€10k€3k▼

Financial fixed assets28€6k€6k=

Current assets29/58€7k€8k▲

Stocks and contracts in progress3€817€817=

Stocks30/36€817€817=

Amounts receivable within one year40/41€2k€2k▲

Other amounts receivable41€2k€2k▲

Cash at bank and in hand54/58€5k€5k▲

Equity and liabilities

Total equity and liabilities10/49€24k€18k▼

Equity10/15€-22k€-79k▼

Contributions10/11€19k€19k=

Capital10€19k€19k=

Issued capital100€19k€19k=

Profit (loss) carried forward14€-41k€-98k▼

Amounts payable17/49€46k€97k▲

Amounts payable after more than one year17€3k€0▼

Financial debts170/4€3k€0▼

Amounts payable within one year42/48€43k€97k▲

Current portion of amounts payable after more than one year42€7k€3k▼

Trade debts44€502€3k▲

Suppliers440/4€502€3k▲

Taxes, remuneration and social security45€2k€2k▲

Taxes450/3€2k€550▼

Remuneration and social security454/9-€2k

Other amounts payable47/48€35k€90k▲

Income statement Code20212022

Remuneration, social security and pensions62€11k€4k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲

Other operating charges640/8€766€1k▲

Gross operating margin9900€-20k€-43k▼

Operating profit (loss)9901€-39k€-57k▼

Financial charges65/66B€198-

Recurring financial charges65€198-

Profit (loss) for the period before taxes9903€-39k€-57k▼

Income taxes67/77€-384€550▲

Profit (loss) for the period9904€-39k€-57k▼

Profit (loss) for the period to be appropriated9905€-39k€-57k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-41k€-98k▼

Profit (loss) brought forward from the previous period14P€-2k€-41k▼

The notes to these accounts (6 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 6Financial 2Filings 4

2023

05-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 66 days late

05-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 431 days late

2022

31-03

Financial Weakest financial yearnet €-57k

Net result drops to €-57k, the lowest in the series.

2020

30-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

31-03

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

2019

04-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 4 days late

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, Watermaal-Bosvoorde · 2 establishment units since 2017

establishment All 2 establishment units 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.

Vinkstraat 161170 Watermaal-Bosvoorde

Ground area

850 m²

Building footprint

213 m²

Volume, LiDAR

1,366 m³

2 parcels, Brussels, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

GABBA DEVELOPMENT

Vinkstraat 16, 1170 Watermaal-BosvoordeRetail trade

since 20172.269.966.680

Brussels Craft Sake

Sneeuwklokjeslaan 2, 1640 Sint-Genesius-RodeManufacture of food products

since 20202.306.835.390

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22552E0043/00Y053	Flanders	726 m²	1 · 149 m²	7.3 m · 2 fl.
21652E0065/00S003	Brussels	124 m²	1 · 64 m²	13.3 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Sint-Genesius-Rode/Rhode-Saint-Genèse2.306.835.390

1 permission

Toelating · Fabrikant andere dranken · since 29-09-2023

Similar companies · same sector, comparable size

IMDENHOF

BE 0662.982.825

Meise · Eq €6k

Cuvées de la Virée srl

Of 50 companies in sector 11030 we hold annual accounts for 16. 5 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded14-09-2017

Fiscal year end31-03

Activities, NACEBEL

11030Manufacture of beverages

11050Manufacture of beer

62020IT consultancy

62200Computer consultancy and computer facilities management

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.