GARNACHA
BankruptcySummary
The KBO register records for GARNACHA the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (-€45,493) and a net result of €13,478.
Are you a creditor?
Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2020
101 d late
2019
285 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 155 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
-€45,493▲ 22.9%
2020 · -€58,971
Total assets
€14,033▲ 269%
2020 · €3,798
Net result
€13,478
2020 · -€38,694
Working capital
-€45,584▲ 26.8%
2020 · -€62,235
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€7,455--€10,017▼ 34.4%-€13,647▼ 36.2%€14,138
Net result-€7,598--€10,451▼ 37.6%-€38,694below the sector's middle half▼ 270%€13,478within the sector's middle half
Equity-€9,826--€20,277▼ 106%-€58,971below the sector's middle half▼ 191%-€45,493below the sector's middle half▲ 22.9%
Total assets€17,068-€11,433▼ 33.0%€3,798below the sector's middle half▼ 66.8%€14,033below the sector's middle half▲ 269%
Debt€26,894-€31,710▲ 17.9%€62,770▲ 97.9%€59,526▼ 5.2%
Working capital-€21,534--€25,906▼ 20.3%-€62,235below the sector's middle half▼ 140%-€45,584below the sector's middle half▲ 26.8%
Solvency-57.6%--177.4%▼ 119.8pp-324.2%below the sector's middle half
Current ratio0.20-0.16▼ 0.040.21below the sector's middle half
Return on assets (ROA)-44.5%--91.4%▼ 46.9pp96.0%above the sector's middle half
Staff (FTE)1.5-2.4within the sector's middle half4.1▲ 70.8%
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 2021: €14,138 after a loss of €13,647 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €14,033
Fixed assets
€1,884 ▼ 42.3%
Current assets
€12,150 ▲ 2,173%
Key figures and ratios
EBITDA
€17,358▲
2020 · -€10,282
Cash flow
€16,698▲
2020 · -€35,329
Quick ratio
0.18
Debt to equity
-1.31
Interest coverage
26.30
Debt ≤ 1 year
€57,733▼
2020 · €62,770
Staff costs
€47,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €47,449 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,204 | €5,080 | €3,365 | €3,220 | ▼ 4.3% |
| Other operating charges640/8 | - | - | - | €300 | - |
| Gross operating margin9900 | €43,159 | €43,756 | €19,866 | €65,107 | ▲ 228% |
| Operating profit (loss)9901 | -€7,455 | -€10,017 | -€13,647 | €14,138 | ▲ 204% |
| Financial charges65/66B | - | - | - | €660 | - |
| Recurring financial charges65 | - | - | €2,325 | €660 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | -€7,598 | -€10,451 | -€15,972 | €13,478 | ▲ 184% |
| Income taxes67/77 | - | - | €22,722 | - | - |
| Profit (loss) for the period9904 | -€7,598 | -€10,451 | -€38,694 | €13,478 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | -€7,598 | -€10,451 | -€38,694 | €13,478 | ▲ 135% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €17,068 | €11,433 | €3,798 | €14,033 | ▲ 269% |
| Formation expenses20 | €250 | €0 | - | - | - |
| Fixed assets21/28 | €11,458 | €6,629 | €3,264 | €1,884 | ▼ 42.3% |
| Tangible fixed assets22/27 | €11,458 | €6,629 | €3,264 | €1,884 | ▼ 42.3% |
| Plant, machinery and equipment23 | - | - | - | €412 | - |
| Furniture and vehicles24 | - | - | - | €1,472 | - |
| Current assets29/58 | €5,360 | €4,805 | €535 | €12,150 | ▲ 2,173% |
| Stocks and contracts in progress3 | €3,112 | €2,490 | €490 | €1,790 | ▲ 266% |
| Stocks30/36 | - | - | - | €1,790 | - |
| Amounts receivable within one year40/41 | €425 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,823 | €2,315 | €45 | €10,360 | ▲ 22,974% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €17,068 | €11,433 | €3,798 | €14,033 | ▲ 269% |
| Equity10/15 | -€9,826 | -€20,277 | -€58,971 | -€45,493 | ▲ 22.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€28,426 | -€38,877 | -€77,571 | -€64,093 | ▲ 17.4% |
| Amounts payable17/49 | €26,894 | €31,710 | €62,770 | €59,526 | ▼ 5.2% |
| Amounts payable within one year42/48 | €26,894 | €30,710 | €62,770 | €57,733 | ▼ 8.0% |
| Trade debts44 | €1,171 | €3,375 | €12,172 | €1,545 | ▼ 87.3% |
| Suppliers440/4 | - | - | - | €1,545 | - |
| Taxes, remuneration and social security45 | - | - | - | €34,649 | - |
| Taxes450/3 | - | - | - | €32,770 | - |
| Remuneration and social security454/9 | - | - | - | €1,879 | - |
| Other amounts payable47/48 | - | - | - | €21,540 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,793 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,598 | -€10,451 | -€38,694 | €13,478 | ▲ 135% |
| + Depreciation and write-downs630 | €5,204 | €5,080 | €3,365 | €3,220 | ▼ 4.3% |
| Operating cash flow (approximation) | -€2,394 | -€5,371 | -€35,329 | €16,698 | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€250 | €0 | -€1,840 | - |
| Change in cash | - | €492 | -€2,270 | €10,315 | ▲ 554% |
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
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €13,478
Net result €13,478 after 3 loss-making years.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 285 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 596 days late
2020
31-12
Financial
Weakest financial yearnet -€38,694
Net result drops to -€38,694, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 637 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 2 establishment units since 2017
Ground area
1,400 m²
Building footprint
546 m²
Volume, LiDAR
15,799 m³
2 parcels, Brussels · tallest building 36.1 m, ±11 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Aragon
since 20172.260.334.778
Cafetaria Cervantes
since 20172.260.335.075
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0064/00K000 | Brussels | 1,300 m² | 1 · 454 m² | 36.1 m · 11 fl. |
| 21806F0311/00W000 | Brussels | 100 m² | 1 · 92 m² | 15.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.