Staff
25 employees on 31-12-2025
In 2025, 71 people joined and 67 left.
GF 2
Lifetime
10 annual accounts with figures on one time axispeak €879,695 (2025)
€879,695▲ 3.4%
lowest -€23,311 (2025)
-€23,311▼ €23,617
peak €283,876 (2024)
€260,565▼ 8.2%
€274,465▼ 35.5%
peak 14.2 FTE (2023)
13.9 FTE▲ 7.8%
Board4 names since 2021
3 directorsGF INVEST MANAGEMENT and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Loss of €23,311Debts from €425,739 to €274,465Cash from €223,333 to €89,145
Key points
from the 2025 annual accountsFilings
10 annual accounts 10 late
The 2022 accounts came latest: 93 days after the end of the period.
Position in the sector
-€23,311
Lower net result than 85% of companies in food and beverage service. Sector median €10,299 · 4,836 companies.
Checked score
66
Healthy
Financially stronger than 43% of small companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.2%▼ -0.1 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.1 percentage points vs 06-2025
08-2025: 1.9%▲ +0.6 percentage points vs 07-2025
09-2025: 2.1%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.8%▼ -1.3 percentage points vs 09-2025
11-2025: 0.7%▼ -0.1 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.6%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
Size: 13.9 FTE, total assets €535,029
lowers risk
Liquidity: current ratio 0.90, cash €89,145, halved
Calculation
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, small). It does better than 74% of them on solvency, 44% on liquidity, 22% on profitability and 30% 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as GF 2 has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GF 2 itself is higher: 1.1% within 12 months. It rests on far more data about GF 2 than the profile alone.
Test of the method
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 2,686 companies, not a prediction for GF 2. 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.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.9 (1.05 in 2024), below 1. Short-term debt is 49.2% and cash 16.7% of total assets. 51.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
31 days late
2022
93 days late
2021
31 days late
2020
30 days late
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days after 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0630762789
1 director appointed, 1 manager resigning
Changes of role: GF INVEST MANAGEMENT (director) and GF1-IMMO (director) · Resignation: GULDENTOPS (manager) · Appointment: GULDMAN SACHS (director) · General meeting of 17-05-2023 · Gazette deed
Appointment: GF1 IMMO (manager)
Permanent representative: Grégory Franchi · General meeting of 02-07-2018 · Gazette deed
Incorporation
published on 26-05-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GF 2 Liège | €535,029 | €879,695 | 48.7% | 13.9 |
| CULINA Pepinster | €603,141 | €861,304 | 39.4% | 14.9 |
| PMW Invest Antwerp | €533,728 | €853,186 | 45.9% | 13.2 |
| LA GLORIA Leuven | €579,067 | €803,789 | 35.8% | 14.6 |
| BONAPARTE Aalst | €472,846 | €827,935 | 34.1% | 13.1 |
| VILLA AND CO Brussels | €488,361 | €759,055 | 29.9% | 13.9 |
| Brasserie Bijgaarden Dilbeek | €468,204 | €846,872 | 21.6% | 14 |
These companies have the same main activity as GF 2: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €468,000 and €603,000, founded between 2015 and 2016.
Official details
Source: KBO- Status
- Active since 21-05-2015Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2024
- Establishment unit
- 2.250.439.3924000 Liège, since 21-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- ≈ €2.1mestimated
- €535,029▼ 24.6%
- Employeeson 31-12-2025
- 25▲ 19.0%
- Filing
- Filed on 31-08-2026
Insights on GF 2
GF 2 files the abbreviated format. That format states no turnover. The gross margin rose from €555,071 in 2016 to €879,695 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GF 2
- What is the company number of GF 2?
- The company number of GF 2 is 0630.762.789. The VAT number is the same number with BE in front: BE 0630.762.789.
- Where is GF 2 based?
- The registered office is at Esplanade Albert-1er 7, 4000 Liège.Company details
- What does GF 2 do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of GF 2?
- GF 2 is a private limited company (BV).
- When was GF 2 founded?
- GF 2 was founded on 21-05-2015.
- Is GF 2 still active?
- Yes, GF 2 is an active enterprise in the KBO register.
- How many employees does GF 2 have?
- GF 2 had an average of 13.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GF 2 fall under?
- In its 2024 annual accounts, GF 2 states joint committee 302 (Hotels and catering).
- What is the turnover of GF 2?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €879,695 and 41 comparable companies (NACE 56111). It probably lies between €1.9m and €2.9m.
- Is GF 2 profitable?
- In financial year 2025, GF 2 made a loss of €23,311.
- Where can I find the annual accounts of GF 2?
- GF 2 filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GF 2 due?
- GF 2 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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