GGS
ActiveThe computed 12-month bankruptcy probability of GGS is 2.8% (moderate). The 2024 annual accounts show negative equity (€-55k) and a net result of €5k. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 18939 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability99▲+99
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.14 in 2022; short-term debt: 379.6% and cash: 17.3% of total assets), and equity is negative.
Credit advice for your own amount and term
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
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
-279.6%
Return on assets
24.1%
Age of the figures
21 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 5% of 18939 sector peers (2024).
NBB · sector comparisonPosition among 18939 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-11-2025, 113 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
113 d late
2022
11 d late
2018
139 d late
2017
275 d late
2016
74 d late
2015
180 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-55k▲ 15.3%
2022 · €-66k
2018: €27k
2022: €-66k
2018 → 2024
Total assets
€20k▼ 6.6%
2022 · €21k
2018: €56k
2022: €21k
2018 → 2024
Net result
€5k
2022 · €-11k
2018: €43k
2022: €-11k
2018 → 2024
Working capital
€-62k▲ 17.5%
2022 · €-75k
2018: €10k
2022: €-75k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820222024Trend
Equity€27k-€-66k€-55k▲ 15.3%
Operating result€50k-€-10k€6k
Net result€43k-€-11k€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €6k in 2024, compared with €-10k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €20k
Fixed assets
€6k▼ 32.6%
Current assets
€14k▲ 14.0%
Key figures and ratios
EBITDA
€7k▲
2022 · €-6k
Cash flow
€6k▲
2022 · €-7k
Solvency
-279.6%▲
2022 · -308.4%
Current ratio
0.18▲
2022 · 0.14
Quick ratio
0.13▲
2022 · 0.09
Debt / equity
-1.36▼
2022 · -1.32
ROA
24.1%▲
2022 · -51.5%
Interest coverage
7.87▲
2022 · -10.13
Debt
€75k▼
2022 · €87k
Debt ≤ 1 year
€75k▼
2022 · €87k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€21k€20k▼
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€4k€1k▼
Plant, machinery and equipment23€819€1k▲
Furniture and vehicles24€3k-
Other tangible fixed assets26€199-
Financial fixed assets28€5k€5k=
Current assets29/58€12k€14k▲
Stocks and contracts in progress3€4k€4k▼
Stocks30/36€4k€4k▼
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€316€244▼
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€3k€3k▲
Deferred charges and accrued income490/1€558€400▼
Equity and liabilities
Total equity and liabilities10/49€21k€20k▼
Equity10/15€-66k€-55k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-96k€-85k▲
Amounts payable17/49€87k€75k▼
Amounts payable within one year42/48€87k€75k▼
Trade debts44€35k€21k▼
Suppliers440/4€35k€21k▼
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€46k€44k▼
Income statement
Code20222024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€1k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-3k€8k▲
Operating profit (loss)9901€-10k€6k▲
Financial income75/76B€1€21▲
Recurring financial income75€1€21▲
Financial charges65/66B€585€851▲
Recurring financial charges65€585€851▲
Profit (loss) for the period before taxes9903€-11k€5k▲
Profit (loss) for the period9904€-11k€5k▲
Profit (loss) for the period to be appropriated9905€-11k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-96k€-85k▲
Profit (loss) brought forward from the previous period14P€-85k€-90k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet €-11k ▼125%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 139 days late
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 275 days late
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 74 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 180 days late
2015
21-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 82 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Londerzeel · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Technologielaan 111840 LonderzeelGround area
2,057 m²
Building footprint
206 m²
Volume, LiDAR
983 m³
Parcel 23045D0128/00E000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAFE SATISFACTION
since 20132.221.148.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045D0128/00E000 | Flanders | 2,057 m² | 1 · 206 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLonderzeel2.221.148.956
Similar companies · same sector, comparable size
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DE L'ETALE A LA TABLE
BE 0775.623.183
Charleroi · Eq €27k
MEZZOGIORNO
BE 0433.074.514
La Roche-en-Ardenne · Eq €27k
SQUISITOO
BE 0775.836.286
Villers-la-Ville · Eq €27k
INDEX
BE 0657.873.992
Antwerpen · Eq €27k
Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 9,321 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-08-2013
Fiscal year end31-12
Trade name NL
CaféSatisfaction
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
77110Renting and leasing of cars and light motor vehicles
79110Travel agency activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.