GCDV
ActiveSummary
The computed 12-month bankruptcy probability of GCDV is 3.8% (moderate). The 2025 annual accounts show negative equity (-€28,073) and a net result of €93. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 13604 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-18
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.34 in 2024; short-term debt: 138.2% and cash: 9.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
-38.2%
Return on assets
0.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-05-2026, 22 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 · 9 filingsDeviation from the deadline
2025
22 d late
2024
on the day
2023
on the day
2022
3 d early
2021
40 d early
2020
30 d early
2019
8 d early
← 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 8 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€28,073▲ 0.3%
2024 · -€28,166
Total assets
€73,398▼ 19.5%
2024 · €91,163
Net result
€93▼ 99.2%
2024 · €11,067
Working capital
-€61,538▲ 21.6%
2024 · -€78,479
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
Line20212022202320242025
Operating result€3,981€39,483▲ 892%€17,662▼ 55.3%€14,763▼ 16.4%€3,141▼ 78.7%
Net result€4,401within the sector's middle half€38,627above the sector's middle half▲ 778%€15,387within the sector's middle half▼ 60.2%€11,067within the sector's middle half▼ 28.1%€93within the sector's middle half▼ 99.2%
Equity-€93,247below the sector's middle half▲ 4.5%-€54,620below the sector's middle half▲ 41.4%-€39,233below the sector's middle half▲ 28.2%-€28,166below the sector's middle half▲ 28.2%-€28,073below the sector's middle half▲ 0.3%
Total assets€101,358within the sector's middle half▼ 12.0%€108,083within the sector's middle half▲ 6.6%€106,519within the sector's middle half▼ 1.4%€91,163within the sector's middle half▼ 14.4%€73,398within the sector's middle half▼ 19.5%
Debt€194,605▼ 8.6%€162,703▼ 16.4%€145,752▼ 10.4%€119,329▼ 18.1%€101,471▼ 15.0%
Working capital-€178,048below the sector's middle half▲ 10.3%-€120,009below the sector's middle half▲ 32.6%-€101,813below the sector's middle half▲ 15.2%-€78,479below the sector's middle half▲ 22.9%-€61,538below the sector's middle half▲ 21.6%
Solvency-92.0%below the sector's middle half▼ 7.3pp-50.5%below the sector's middle half▲ 41.5pp-36.8%below the sector's middle half▲ 13.7pp-30.9%below the sector's middle half▲ 5.9pp-38.2%below the sector's middle half▼ 7.4pp
Current ratio0.09below the sector's middle half▲ 0.020.22below the sector's middle half▲ 0.130.30below the sector's middle half▲ 0.080.34below the sector's middle half▲ 0.040.39below the sector's middle half▲ 0.05
Return on assets (ROA)4.3%within the sector's middle half▲ 41.4pp35.7%above the sector's middle half▲ 31.4pp14.4%within the sector's middle half▼ 21.3pp12.1%within the sector's middle half▼ 2.3pp0.1%within the sector's middle half▼ 12.0pp
Staff (FTE)1.7▼ 32.0%4.2▲ 147%4.3▲ 2.4%6.3▲ 46.5%8▲ 27.0%
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 has fallen three years in a row; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73,398
Fixed assets
€33,464 ▼ 33.5%
Current assets
€39,934 ▼ 2.2%
Key figures and ratios
EBITDA
€19,658▼
2024 · €31,317
Cash flow
€16,611▼
2024 · €27,621
Quick ratio
0.19▲
2024 · 0.16
Debt to equity
-3.61▲
2024 · -4.24
Interest coverage
5.63▼
2024 · 8.42
Debt ≤ 1 year
€101,471▼
2024 · €119,329
Staff costs
€122,328▼
2024 · €123,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 497,338 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% | 1.9% |
| 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 1,379 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 | - | €62,615 | €93,782 | €123,844 | €122,328 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,938 | €16,050 | €16,327 | €16,554 | €16,518 | ▼ 0.2% |
| Other operating charges640/8 | - | €655 | €1,233 | €896 | €577 | ▼ 35.6% |
| Gross operating margin9900 | €34,301 | €118,802 | €129,004 | €156,058 | €142,563 | ▼ 8.6% |
| Operating profit (loss)9901 | €3,981 | €39,483 | €17,662 | €14,763 | €3,141 | ▼ 78.7% |
| Financial income75/76B | - | €879 | €891 | €24 | €443 | ▲ 1,777% |
| Recurring financial income75 | €420 | €879 | €891 | €24 | €443 | ▲ 1,777% |
| Financial charges65/66B | - | €1,735 | €3,166 | €3,720 | €3,491 | ▼ 6.2% |
| Recurring financial charges65 | - | €1,735 | €3,166 | €3,720 | €3,491 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €4,401 | €38,627 | €15,387 | €11,067 | €93 | ▼ 99.2% |
| Profit (loss) for the period9904 | €4,401 | €38,627 | €15,387 | €11,067 | €93 | ▼ 99.2% |
| Profit (loss) for the period to be appropriated9905 | €4,401 | €38,627 | €15,387 | €11,067 | €93 | ▼ 99.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,358 | €108,083 | €106,519 | €91,163 | €73,398 | ▼ 19.5% |
| Fixed assets21/28 | €84,801 | €74,363 | €62,580 | €50,312 | €33,464 | ▼ 33.5% |
| Tangible fixed assets22/27 | €84,471 | €74,033 | €62,249 | €49,982 | €33,464 | ▼ 33.0% |
| Plant, machinery and equipment23 | - | €2,667 | €4,587 | €6,598 | €4,797 | ▼ 27.3% |
| Furniture and vehicles24 | - | €1,296 | €814 | €1,269 | €736 | ▼ 42.0% |
| Other tangible fixed assets26 | - | €70,071 | €56,849 | €42,116 | €27,931 | ▼ 33.7% |
| Financial fixed assets28 | €330 | €330 | €330 | €330 | €0 | ▼ 100% |
| Current assets29/58 | €16,557 | €33,719 | €43,939 | €40,851 | €39,934 | ▼ 2.2% |
| Stocks and contracts in progress3 | €6,109 | €14,188 | €15,885 | €22,031 | €20,231 | ▼ 8.2% |
| Stocks30/36 | - | €14,188 | €15,885 | €22,031 | €20,231 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €7,921 | €13,166 | €15,302 | €8,051 | €10,552 | ▲ 31.1% |
| Trade receivables40 | - | - | €33 | €7,294 | €2,616 | ▼ 64.1% |
| Other amounts receivable41 | - | €13,166 | €15,269 | €758 | €7,936 | ▲ 947% |
| Cash at bank and in hand54/58 | €1,535 | €4,639 | €10,039 | €7,946 | €7,121 | ▼ 10.4% |
| Deferred charges and accrued income490/1 | - | €1,726 | €2,713 | €2,822 | €2,030 | ▼ 28.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,358 | €108,083 | €106,519 | €91,163 | €73,398 | ▼ 19.5% |
| Equity10/15 | -€93,247 | -€54,620 | -€39,233 | -€28,166 | -€28,073 | ▲ 0.3% |
| Contributions10/11 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€153,247 | -€114,620 | -€99,233 | -€88,166 | -€88,073 | ▲ 0.1% |
| Amounts payable17/49 | €194,605 | €162,703 | €145,752 | €119,329 | €101,471 | ▼ 15.0% |
| Amounts payable within one year42/48 | €194,605 | €153,729 | €145,752 | €119,329 | €101,471 | ▼ 15.0% |
| Trade debts44 | €2,526 | €3,656 | €14,104 | €7,119 | €8,713 | ▲ 22.4% |
| Suppliers440/4 | - | €3,656 | €14,104 | €7,119 | €8,713 | ▲ 22.4% |
| Taxes, remuneration and social security45 | - | €13,533 | €17,608 | €17,657 | €10,912 | ▼ 38.2% |
| Taxes450/3 | - | €9,587 | €10,973 | €6,711 | €2,029 | ▼ 69.8% |
| Remuneration and social security454/9 | - | €3,946 | €6,635 | €10,946 | €8,883 | ▼ 18.8% |
| Other amounts payable47/48 | - | €136,539 | €114,040 | €94,553 | €81,846 | ▼ 13.4% |
| Accrued charges and deferred income492/3 | - | €8,974 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,401 | €38,627 | €15,387 | €11,067 | €93 | ▼ 99.2% |
| + Depreciation and write-downs630 | €15,938 | €16,050 | €16,327 | €16,554 | €16,518 | ▼ 0.2% |
| Operating cash flow (approximation) | €20,339 | €54,677 | €31,714 | €27,621 | €16,611 | ▼ 39.9% |
| Investment in fixed assets (approximation) | - | -€5,612 | -€4,543 | -€4,287 | €330 | ▲ 108% |
| Change in cash | - | €3,104 | €5,400 | -€2,093 | -€825 | ▲ 60.6% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €38,627 ▲778%
Operating result €39,483, net result €38,627, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €4,401
Net result €4,401 after 3 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€47,719
Net result drops to -€47,719, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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 · 1 establishment unit since 2016
Ground area
118 m²
Building footprint
71 m²
Volume, LiDAR
760 m³
Parcel 21004A1191/00B000, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GCDV
since 20162.250.473.640
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1191/00B000 | Brussels | 118 m² | 1 · 71 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
- Sourceaccounts GADV 30-09-202510%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.250.473.640
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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 14,002 companies in sector 56301 we hold annual accounts for 4,896. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2016
Fiscal year end30-09
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648743918
Also
9925:BE0648743918
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.