Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The result rose in 2025: different schema filed.
The accounts state no turnover.
Of this, €437,185 falls due within a year.
Latest accounts filed late: after the legal deadline.
Less equity than 92% of companies in food and beverage service. Sector median €78,477 · 4,845 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 19% of them on solvency, 19% on liquidity, 33% on profitability and 23% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,555 companies had the same profile as GAVIUS has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GAVIUS itself is higher: 6.8% within 12 months. It rests on far more data about GAVIUS than the profile alone.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,555 companies, not a prediction for GAVIUS. 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.
Liquidity is insufficient, with a current ratio of 0.54 (0.39 in 2024), below 1. Short-term debt is 77.7% and cash 12.6% of total assets. Equity is negative.
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.
The company filed its last 3 accounts on average 19 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GAVIUS Ans | €562,742 | €544,622 | -21.6% | 6.9 |
| CHHETRI HOSPITALITIES Ostend | €511,867 | €498,211 | 16.8% | 6.8 |
| TATAU INVEST Knokke-Heist | €620,686 | €621,107 | 10.7% | 7.6 |
| De Zuster Lier | €529,420 | €499,602 | 27.1% | 6.6 |
| JACKY BARCHON Blegny | €666,558 | €427,315 | 15.6% | 8.7 |
| Root Sahara Pelt | €712,261 | €496,931 | 32.1% | 7 |
| LKV Society Woluwe-Saint-Lambert | €622,267 | €745,697 | 14.3% | 6.3 |
These companies have the same main activity as GAVIUS: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €512,000 and €712,000, founded between 2022 and 2024.
GAVIUS files the abbreviated format. That format states no turnover. The gross margin rose from €115,290 in 2023 to €544,622 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.3m. Estimated: probably between €1.2m and €1.8m.
Higher than 16% of 4,843 companies in 2025.
Higher than 24% of 4,741 companies in 2025.
Higher than 24% of 4,765 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
562,742 | 652,755 | 614,134 | |
21/28 |
326,544 | 473,722 | 536,170 | |
21 |
303,178 | 413,178 | 523,178 | |
22/27 |
22,693 | 59,871 | 12,319 | |
23 |
18,077 | 24,047 | 9,685 | |
24 |
4,615 | 35,824 | 2,634 | |
28 |
673 | 673 | 673 | |
29/58 |
236,199 | 179,033 | 77,964 | |
3 |
18,000 | 16,000 | 15,697 | |
30/36 |
18,000 | 16,000 | 15,697 | |
40/41 |
147,302 | 62,033 | 47,592 | |
40 |
85,270 | - | 47,464 | |
41 |
62,033 | 62,033 | 129 | |
54/58 |
70,668 | 83,990 | 12,275 | |
490/1 |
228 | 17,010 | 2,399 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
562,742 | 652,755 | 614,134 | |
10/15 |
-121,494 | -98,210 | 31,243 | |
10/11 |
10,000 | 10,000 | 10,000 | |
14 |
-131,494 | -108,210 | 21,243 | |
17/49 |
684,237 | 750,965 | 582,891 | |
17 |
243,751 | 294,034 | 384,324 | |
170/4 |
243,751 | 294,034 | 384,324 | |
42/48 |
437,185 | 453,280 | 198,567 | |
42 |
131,351 | 128,307 | 93,803 | |
44 |
227,041 | 228,998 | 22,897 | |
440/4 |
227,041 | 228,998 | 22,897 | |
46 |
1,521 | - | - | |
45 |
77,273 | 83,974 | 33,637 | |
450/3 |
27,662 | 53,565 | 26,067 | |
454/9 |
49,611 | 30,409 | 7,570 | |
47/48 |
- | 12,000 | 48,230 | |
492/3 |
3,300 | 3,652 | - | |
| Income statement | ||||
9900 |
544,622 | 450,423 | 115,290 | |
62 |
408,853 | 396,815 | 55,562 | |
630 |
118,162 | 123,910 | 27,277 | |
640/8 |
8,339 | 13,813 | 2,760 | |
66A |
- | 14,000 | - | |
9901 |
9,268 | -98,115 | 29,691 | |
75/76B |
1,417 | 1,819 | - | |
75 |
1,417 | 1,819 | - | |
65/66B |
33,969 | 33,030 | 2,895 | |
65 |
33,969 | 33,030 | 2,895 | |
9903 |
-23,284 | -129,326 | 26,795 | |
67/77 |
- | 128 | 5,552 | |
9904 |
-23,284 | -129,454 | 21,243 | |
9905 |
-23,284 | -129,454 | 21,243 | |
| Appropriation of the result | ||||
9906 |
-131,494 | -108,210 | 21,243 | |
14P |
-108,210 | 21,243 | - | |
| Social balance sheet | ||||
9087 |
6.9 | - | - | |
Hours worked1013 |
11,156 | - | - | |
| Document | ||||
The notes to these accounts have 12 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 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548881.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 127,429 | 25,795 | 56,968 | ||
| 94,878 | -5,543 | 48,520 | ||
| -29,017 | 61,462 | 563,447 | ||
| -13,322 | 71,715 | - | ||
| -200,987 | -274,247 | -120,603 | ||
| -21.6% | -15.0% | 5.1% | ||
| 0.54 | 0.39 | 0.39 | ||
| 0.50 | 0.36 | 0.31 | ||
| - | - | 18.66 | ||
| - | - | 68.0% | ||
| -4.1% | -19.8% | 3.5% | ||
| 3.75 | 0.78 | 19.67 |
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 | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 9 |
| full-time | 5 |
| part-time | 4 |
| in full-time equivalents | 6.6 |
| 6.9 | |
| On a permanent contract | 7 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €61,462 | €12,774 |
| Intangible fixed assets | - | - | €550,000 |
| Financial fixed assets | - | - | €673 |
| €118,162 | €123,910 | €27,277 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €9,268, after a loss of €98,115 in 2024.
Equity is negative. Debt (€684,237) exceeds the balance-sheet total (€562,742).
GAVIUS has no parent and no holdings in its annual accounts. BUSIESS INVEST GESTION is the only director.
| VILLA MEDICIS
registered office since 09-02-2010 · founded in 2010 · group BUSINESS INVEST GESTION S.A. |
total assets €1.3m (2025) 0823.005.210 |
| Leveaux, Laura (sole trader)
establishment since 01-04-2026 |
founded in 2026 1035.876.064 |
| MOBILIER 2001
registered office since 01-10-1982 |
founded in 1982 0423.517.935 |
| DOME CONSTRUCTION via Phatthanachai NAKHORNPHANIT, at GAVIUS until 2024 · Director · deed of 25-11-2022 Open bankruptcy · founded in 2019 |
total assets €2.1m (2022) |
| MANAGEMENT TRADE COMPANY via BUSINESS INVEST GESTION S.A. (at GAVIUS, last mentioned in 2025) and COMPAGNIE DES VALEURS PAT (at GAVIUS until 2025) · Director · deeds of 30-06-2025 and 10-01-2022 founded in 1986 · negative equity (2025) · group BUSINESS INVEST GESTION S.A. |
total assets €687,895 (2025) |
| SOLISPIR via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 23-06-2025 founded in 1988 · group BUSINESS INVEST GESTION S.A. |
total assets €7.3m (2025) |
| COMPAGNIE IMMOBILIERE ANONYME via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 23-06-2025 founded in 1992 · group BUSINESS INVEST GESTION S.A. |
total assets €7.3m (2025) |
| IMMOFI via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 23-06-2025 founded in 1998 · group BUSINESS INVEST GESTION S.A. |
total assets €7.2m (2025) |
| RISO IMMO via BUSINESS INVEST GESTION S.A. (at GAVIUS, last mentioned in 2025) and COMPAGNIE DES VALEURS PAT (at GAVIUS until 2025) · Director · deeds of 25-09-2025 and 19-01-2022 founded in 1998 · group BUSINESS INVEST GESTION S.A. |
total assets €5.5m (2025) |
| TOBY INVEST via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 23-06-2025 founded in 2000 |
total assets €3.2m (2025) |
| VILLA MEDICIS via BUSINESS INVEST GESTION S.A. (at GAVIUS, last mentioned in 2025) and COMPAGNIE DES VALEURS PAT (at GAVIUS until 2025) · Director · deeds of 29-08-2025 and 06-10-2023 founded in 2010 · group BUSINESS INVEST GESTION S.A. |
total assets €1.3m (2025) |
| HUMBLET - STERCK via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 30-06-2025 founded in 1998 |
total assets €508,055 (2025) |
| PARIMO via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 25-06-2025 founded in 2005 · group BUSINESS INVEST GESTION S.A. |
4 FTE (2026) |
| R.M. MOTOS via BUSINESS INVEST GESTION S.A., at GAVIUS, last mentioned in 2025 · Director · deed of 25-06-2025 founded in 1989 · group BUSINESS INVEST GESTION S.A. |
total assets €243,529 (2025) |
| VILLA MEDICIS via COMPAGNIE DES VALEURS PAT, at GAVIUS until 2025 · Director · deed of 06-10-2023 No longer active · group BUSINESS INVEST GESTION S.A. |
total assets €381,136 (2024) |
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 | Since | Unit number |
|---|---|---|
| Rue de l'Yser 110 registered office 4430 Ans | 15-09-2023 | 2.349.840.836 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62003A0036/00A005 | 454 m² | 1 · 200 m² | 9.7 m · 2 |
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