GAZZETTA
ActiveSummary
The computed 12-month bankruptcy probability of GAZZETTA is 3.7% (moderate). The 2025 annual accounts show negative equity (€-57k) and a net result of €23k. Equity is shrinking by ~47.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 818 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
Profitability91▲+91
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.08 in 2024; short-term debt: 202.7% and cash: 33.2% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-102.7%
Return on assets
41.5%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 818 sector peers (2025).
NBB · sector comparisonPosition among 818 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
15 d early
2023
42 d early
2022
13 d early
2021
15 d early
2020
3 d early
2019
68 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
€814k▲ 88.5%
2021 · €432k
EBIT margin
-5.8%▼ 1.9pp
2021 · -3.9%
Net result
€23k
2024 · €-29k
Working capital
€-80k▲ 36.3%
2024 · €-125k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€432k€814k▲ 88.5%
Operating result€-17k▲ 63.7%€-47k▼ 181%€-17k▲ 64.0%€-24k▼ 41.4%€30k
Net result€-20k▲ 64.2%€-54k▼ 170%€-23k▲ 57.5%€-29k▼ 29.3%€23k
EBIT margin-3.9%-5.8%▼ 1.9pp
Equity€-9k€-63k▼ 589%€-85k▼ 36.4%€-115k▼ 34.5%€-57k▲ 50.6%
Total assets€60k▲ 45.9%€40k▼ 34.0%€22k▼ 45.1%€21k▼ 5.7%€55k▲ 167%
Debt€70k▲ 127%€103k▲ 47.4%€107k▲ 4.7%€135k▲ 26.3%€112k▼ 17.4%
Working capital€-36k▼ 70.9%€-84k▼ 132%€-99k▼ 17.6%€-125k▼ 26.7%€-80k▲ 36.3%
Staff (FTE)9.2▼ 12.4%10.2▲ 10.9%9.4▼ 7.8%8.3▼ 11.7%8.3=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €24k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55k
Fixed assets
€23k ▲ 126%
Current assets
€32k ▲ 206%
Key figures and ratios
EBITDA
€33k▲
2024 · €-21k
Cash flow
€26k▲
2024 · €-26k
Solvency
-102.7%▲
2024 · -554.4%
Current ratio
0.29▲
2024 · 0.08
Quick ratio
0.20▲
2024 · 0.03
Debt to equity
-1.97▼
2024 · -1.18
ROA
41.5%▲
2024 · -142.1%
Interest coverage
4.87▲
2024 · -4.00
Debt ≤ 1 year
€112k▼
2024 · €135k
Staff costs
€435k▲
2024 · €433k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €432k | €814k | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €189 | - |
| Goods, raw materials, services and sundry goods60/61 | €302k | €420k | - | - | - | - |
| Remuneration, social security and pensions62 | €203k | €412k | €456k | €433k | €435k | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €24k | €17k | €3k | €3k | ▲ 10.0% |
| Other operating charges640/8 | €3k | €6k | €5k | €7k | €4k | ▼ 40.3% |
| Non-recurring operating charges66A | - | €1k | €794 | €2k | €2k | ▲ 15.9% |
| Gross operating margin9900 | €203k | €395k | €462k | €421k | €474k | ▲ 12.7% |
| Operating profit (loss)9901 | €-17k | €-47k | €-17k | €-24k | €30k | ▲ 223% |
| Financial income75/76B | - | - | - | - | €27 | - |
| Recurring financial income75 | - | - | - | - | €27 | - |
| Financial charges65/66B | €3k | €6k | €6k | €5k | €7k | ▲ 29.1% |
| Recurring financial charges65 | €3k | €6k | €6k | €5k | €7k | ▲ 29.1% |
| Profit (loss) for the period before taxes9903 | €-20k | €-54k | €-23k | €-29k | €23k | ▲ 178% |
| Profit (loss) for the period9904 | €-20k | €-54k | €-23k | €-29k | €23k | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-54k | €-23k | €-29k | €23k | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €40k | €22k | €21k | €55k | ▲ 167% |
| Fixed assets21/28 | €27k | €27k | €13k | €10k | €23k | ▲ 126% |
| Intangible fixed assets21 | €7k | €2k | - | - | - | - |
| Tangible fixed assets22/27 | €20k | €24k | €13k | €10k | €22k | ▲ 132% |
| Plant, machinery and equipment23 | €2k | €3k | €3k | €2k | €13k | ▲ 576% |
| Furniture and vehicles24 | €3k | €12k | €3k | €2k | €4k | ▲ 137% |
| Other tangible fixed assets26 | €15k | €10k | €7k | €6k | €5k | ▼ 14.5% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €33k | €13k | €9k | €11k | €32k | ▲ 206% |
| Stocks and contracts in progress3 | €5k | €6k | €4k | €6k | €10k | ▲ 63.1% |
| Stocks30/36 | €5k | €6k | €4k | €6k | €10k | ▲ 63.1% |
| Amounts receivable within one year40/41 | €940 | €5 | €5 | €5 | €3k | ▲ 52,478% |
| Trade receivables40 | €935 | - | - | - | €3k | - |
| Other amounts receivable41 | €5 | €5 | €5 | €5 | €5 | = |
| Cash at bank and in hand54/58 | €26k | €6k | €3k | €3k | €18k | ▲ 430% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | €734 | €973 | ▲ 32.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €40k | €22k | €21k | €55k | ▲ 167% |
| Equity10/15 | €-9k | €-63k | €-85k | €-115k | €-57k | ▲ 50.6% |
| Contributions10/11 | €36k | €36k | €36k | €36k | €36k | = |
| Outside capital11 | €36k | €36k | €36k | €36k | €36k | = |
| Other1109/19 | €36k | €36k | €36k | €36k | €36k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-49k | €-102k | €-125k | €-154k | €-96k | ▲ 37.6% |
| Amounts payable17/49 | €70k | €103k | €107k | €135k | €112k | ▼ 17.4% |
| Amounts payable after more than one year17 | - | €5k | - | - | - | - |
| Financial debts170/4 | - | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €70k | €97k | €107k | €135k | €112k | ▼ 17.4% |
| Current portion of amounts payable after more than one year42 | - | €9k | €13k | €8k | €5k | ▼ 31.7% |
| Trade debts44 | €13k | €12k | €19k | €28k | €32k | ▲ 15.1% |
| Suppliers440/4 | €13k | €12k | €19k | €28k | €32k | ▲ 15.1% |
| Taxes, remuneration and social security45 | €56k | €73k | €74k | €72k | €71k | ▼ 1.8% |
| Taxes450/3 | €18k | €25k | €42k | €16k | €47k | ▲ 197% |
| Remuneration and social security454/9 | €38k | €48k | €32k | €56k | €24k | ▼ 57.7% |
| Other amounts payable47/48 | - | €4k | - | €27k | €3k | ▼ 88.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-54k | €-23k | €-29k | €23k | ▲ 178% |
| + Depreciation and write-downs630 | €14k | €24k | €17k | €3k | €3k | ▲ 10.0% |
| Operating cash flow (approximation) | €-6k | €-30k | €-6k | €-26k | €26k | ▲ 200% |
| Investment in fixed assets (approximation) | - | €-24k | €-3k | €0 | €-16k | - |
| Change in cash | - | €-20k | €-3k | €384 | €15k | ▲ 3,775% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
06-08
State Gazette act
Appointments: Denis Héraud (director) and Olivier Ninane (director)Mandate compensation5 facts ▸
State Gazette act
Appointments: Denis Héraud (director) and Olivier Ninane (director)
Mandate compensation5 facts ▸
- General meeting, 11 mars 2026
- Director appointment, Denis Héraud (director)
- Mandate compensation, Denis Héraud
- Director appointment, Olivier Ninane (director)
- Mandate compensation, Olivier Ninane
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after 6 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 68 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 directors, last change in 2026
Denis Héraud
CurrentDirector · since 11-03-2026
Olivier Ninane
CurrentDirector · since 11-03-2026
11-03-2026
Denis Héraud: Appointed as Director
11-03-2026
Olivier Ninane: Appointed as Director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2013
Ground area
72 m²
Building footprint
72 m²
Volume, LiDAR
1,119 m³
Parcel 21009A0339/00X016, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Lange-Haagstraat 12, 1050 Elsene
since 20132.221.892.193
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0339/00X016 | Brussels | 72 m² | 1 · 72 m² | 17.8 m · 5 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.
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.221.892.193
Similar companies · same sector, comparable size
YARA'S FOOD
BE 0694.504.360
Liège · Eq €10,778
FRITERIE LA LORETTE
BE 0550.600.803
Frasnes-lez-Anvaing · Eq €10,753
Haidary
BE 0651.878.996
Kruibeke · Eq €10,786
THAI CHIANGMAI
BE 0675.833.246
Elsene · Eq €10,745
ROLLIVER
BE 0801.290.076
Juprelle · Eq €10,796
Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 7,077 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.