GEBICO
ActiveSummary
GEBICO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,356) and a net result of €704. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-31
Solvency13▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.14 in 2024; short-term debt: 58.1% and cash: 7.9% of total assets), and equity is negative.
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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 →
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 · 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
-11.9%
Return on assets
0.6%
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 21% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-03-2026, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
55 d early
2024
54 d early
2023
61 d early
2022
76 d early
2021
50 d early
2020
67 d early
2019
57 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 60 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€13,356▲ 5.0%
2024 · -€14,060
Total assets
€111,871▼ 24.8%
2024 · €148,743
Net result
€704▼ 95.8%
2024 · €16,581
Working capital
-€18,355
2024 · €8,883
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€18,633▲ 236%€10,538▼ 43.4%€8,536▼ 19.0%€20,793▲ 144%€5,447▼ 73.8%
Net result€15,236within the sector's middle half▲ 641%€6,374within the sector's middle half▼ 58.2%€2,905within the sector's middle half▼ 54.4%€16,581within the sector's middle half▲ 471%€704within the sector's middle half▼ 95.8%
Equity-€39,920below the sector's middle half▲ 27.6%-€33,546below the sector's middle half▲ 16.0%-€30,641below the sector's middle half▲ 8.7%-€14,060below the sector's middle half▲ 54.1%-€13,356below the sector's middle half▲ 5.0%
Total assets€182,778within the sector's middle half▲ 8.7%€166,265within the sector's middle half▼ 9.0%€143,866within the sector's middle half▼ 13.5%€148,743within the sector's middle half▲ 3.4%€111,871within the sector's middle half▼ 24.8%
Debt€222,698▼ 0.3%€199,811▼ 10.3%€174,507▼ 12.7%€162,803▼ 6.7%€125,226▼ 23.1%
Working capital-€6,677within the sector's middle half▲ 55.0%-€6,938within the sector's middle half▼ 3.9%-€4,203within the sector's middle half▲ 39.4%€8,883within the sector's middle half-€18,355within the sector's middle half
Solvency-21.8%below the sector's middle half▲ 11.0pp-20.2%below the sector's middle half▲ 1.7pp-21.3%below the sector's middle half▼ 1.1pp-9.5%below the sector's middle half▲ 11.8pp-11.9%below the sector's middle half▼ 2.5pp
Current ratio0.92within the sector's middle half▲ 0.150.91within the sector's middle half▼ 0.010.93within the sector's middle half▲ 0.031.14within the sector's middle half▲ 0.210.72within the sector's middle half▼ 0.42
Return on assets (ROA)8.3%within the sector's middle half▲ 7.1pp3.8%within the sector's middle half▼ 4.5pp2.0%within the sector's middle half▼ 1.8pp11.1%within the sector's middle half▲ 9.1pp0.6%within the sector's middle half▼ 10.5pp
Staff (FTE)
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 falls in 2025; 2025 is 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,871
Fixed assets
€65,216 ▼ 15.9%
Current assets
€46,654 ▼ 34.4%
Key figures and ratios
EBITDA
€19,386▼
2024 · €33,840
Cash flow
€14,644▼
2024 · €29,627
Quick ratio
0.25▼
2024 · 0.64
Debt to equity
-9.38▲
2024 · -11.58
Interest coverage
3.88▼
2024 · 8.40
Debt ≤ 1 year
€65,009▲
2024 · €62,273
Debt > 1 year
€59,865▼
2024 · €100,530
Income taxes
€169▼
2024 · €182
Staff costs
€43,178▼
2024 · €45,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,448 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 | - | €41,437 | €39,144 | €45,467 | €43,178 | ▼ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,950 | €14,121 | €12,834 | €13,047 | €13,940 | ▲ 6.8% |
| Other operating charges640/8 | - | €4,671 | €6,143 | €5,895 | €5,592 | ▼ 5.1% |
| Non-recurring operating charges66A | - | - | - | €725 | €100 | ▼ 86.2% |
| Gross operating margin9900 | €60,227 | €70,767 | €66,657 | €85,927 | €68,256 | ▼ 20.6% |
| Operating profit (loss)9901 | €18,633 | €10,538 | €8,536 | €20,793 | €5,447 | ▼ 73.8% |
| Financial income75/76B | - | €224 | €0 | €0 | €417 | ▲ 416,910% |
| Recurring financial income75 | €0 | €224 | €0 | €0 | €417 | ▲ 416,910% |
| Financial charges65/66B | - | €3,995 | €5,436 | €4,031 | €4,990 | ▲ 23.8% |
| Recurring financial charges65 | €3,202 | €3,995 | €5,436 | €4,031 | €4,990 | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | €15,431 | €6,767 | €3,101 | €16,763 | €873 | ▼ 94.8% |
| Income taxes67/77 | €196 | €393 | €196 | €182 | €169 | ▼ 7.4% |
| Profit (loss) for the period9904 | €15,236 | €6,374 | €2,905 | €16,581 | €704 | ▼ 95.8% |
| Profit (loss) for the period to be appropriated9905 | €15,236 | €6,374 | €2,905 | €16,581 | €704 | ▼ 95.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,778 | €166,265 | €143,866 | €148,743 | €111,871 | ▼ 24.8% |
| Fixed assets21/28 | €109,443 | €98,922 | €86,559 | €77,586 | €65,216 | ▼ 15.9% |
| Tangible fixed assets22/27 | €109,443 | €98,922 | €86,559 | €77,586 | €65,216 | ▼ 15.9% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | €26,582 | €22,257 | €21,321 | €16,989 | ▼ 20.3% |
| Furniture and vehicles24 | - | €1,202 | €1,069 | €935 | €802 | ▼ 14.3% |
| Other tangible fixed assets26 | - | €71,138 | €63,234 | €55,330 | €47,425 | ▼ 14.3% |
| Current assets29/58 | €73,335 | €67,343 | €57,307 | €71,157 | €46,654 | ▼ 34.4% |
| Stocks and contracts in progress3 | €25,566 | €26,801 | €32,000 | €31,473 | €30,436 | ▼ 3.3% |
| Stocks30/36 | - | €26,801 | €32,000 | €31,473 | €30,436 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €2,522 | €2,513 | €2,062 | €4,691 | €4,132 | ▼ 11.9% |
| Trade receivables40 | - | €1,649 | €796 | €3,170 | €2,710 | ▼ 14.5% |
| Other amounts receivable41 | - | €864 | €1,266 | €1,521 | €1,422 | ▼ 6.5% |
| Cash at bank and in hand54/58 | €41,977 | €34,678 | €20,127 | €31,166 | €8,856 | ▼ 71.6% |
| Deferred charges and accrued income490/1 | - | €3,351 | €3,118 | €3,827 | €3,230 | ▼ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,778 | €166,265 | €143,866 | €148,743 | €111,871 | ▼ 24.8% |
| Equity10/15 | -€39,920 | -€33,546 | -€30,641 | -€14,060 | -€13,356 | ▲ 5.0% |
| Contributions10/11 | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Capital10 | - | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Issued capital100 | - | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Profit (loss) carried forward14 | -€139,078 | -€132,704 | -€129,798 | -€113,218 | -€112,513 | ▲ 0.6% |
| Amounts payable17/49 | €222,698 | €199,811 | €174,507 | €162,803 | €125,226 | ▼ 23.1% |
| Amounts payable after more than one year17 | €142,686 | €125,270 | €112,997 | €100,530 | €59,865 | ▼ 40.5% |
| Financial debts170/4 | - | €50,270 | €37,997 | €25,530 | €12,865 | ▼ 49.6% |
| Other amounts payable178/9 | - | €75,000 | €75,000 | €75,000 | €47,000 | ▼ 37.3% |
| Amounts payable within one year42/48 | €80,012 | €74,281 | €61,510 | €62,273 | €65,009 | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | €18,414 | €13,287 | €12,467 | €13,711 | ▲ 10.0% |
| Financial debts43 | - | - | - | - | €13,865 | - |
| Credit institutions430/8 | - | - | - | - | €13,865 | - |
| Trade debts44 | €11,258 | €9,212 | €10,508 | €13,416 | €18,624 | ▲ 38.8% |
| Suppliers440/4 | - | €9,212 | €10,508 | €13,416 | €18,624 | ▲ 38.8% |
| Taxes, remuneration and social security45 | - | €7,800 | €7,547 | €10,923 | €9,112 | ▼ 16.6% |
| Taxes450/3 | - | €4,249 | €3,575 | €5,251 | €3,971 | ▼ 24.4% |
| Remuneration and social security454/9 | - | €3,551 | €3,972 | €5,672 | €5,141 | ▼ 9.4% |
| Other amounts payable47/48 | - | €38,855 | €30,168 | €25,467 | €9,697 | ▼ 61.9% |
| Accrued charges and deferred income492/3 | - | €260 | €0 | - | €352 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,236 | €6,374 | €2,905 | €16,581 | €704 | ▼ 95.8% |
| + Depreciation and write-downs630 | €14,950 | €14,121 | €12,834 | €13,047 | €13,940 | ▲ 6.8% |
| Operating cash flow (approximation) | €30,186 | €20,495 | €15,739 | €29,627 | €14,644 | ▼ 50.6% |
| Investment in fixed assets (approximation) | - | -€3,600 | -€471 | -€4,074 | -€1,570 | ▲ 61.5% |
| Change in cash | - | -€7,300 | -€14,551 | €11,039 | -€22,310 | ▼ 302% |
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €704 ▼95.8%
Net result drops to €704, the lowest in the series.
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €30,946 ▲779%
Operating result €36,087, net result €30,946, both a record.
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Kortrijk · 1 establishment unit since 1994
Ground area
99 m²
Building footprint
99 m²
Volume, LiDAR
1,183 m³
Parcel 34022G0454/00S000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BISTRO BOTERO
since 19942.065.769.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0454/00S000 | Flanders | 99 m² | 1 · 99 m² | 14.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.065.769.705
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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 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1993
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451925968
Also
9925:BE0451925968
Registered
26-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.