Equity
-€42,490
Debts exceed assets in financial year 2025.
GGX
Lifetime
2 annual accounts with figures on one time axispeak €151,052 (2024)
€61,497▼ 59.3%
lowest -€97,001 (2024)
€2,011▲ €99,012
peak -€42,490 (2025)
-€42,490▲ €2,011
€44,825▼ 55.7%
Board3 names since 2023
2 directorsDE BROYER Xavier and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €151,052 to €61,497Back to profit: €2,011Registered office moved from La Louvière to Morlanwelz 21-10Debts from €101,280 to €44,825
Key points
from the 2025 annual accountsResult
€2,011 €2,011
Back in profit in 2025, after a loss of €97,001 in 2024.
Position in the sector
-1819.7%
Lower solvency than 95% of companies in food and beverage service. Sector median 29.5% · 17,096 companies.
Checked score
34
Weak
Financially stronger than 38% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
8.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.5%lowest value
01-2025: 4.8%▲ +0.3 percentage points vs 12-2024
02-2025: 5.3%▲ +0.5 percentage points vs 01-2025
03-2025: 5.2%▼ -0.1 percentage points vs 02-2025
04-2025: 5.1%▼ -0.1 percentage points vs 03-2025
05-2025: 5.1%● unchanged vs 04-2025
06-2025: 5.4%▲ +0.3 percentage points vs 05-2025
07-2025: 5.5%▲ +0.1 percentage points vs 06-2025
08-2025: 5.5%● unchanged vs 07-2025
09-2025: 5.5%● unchanged vs 08-2025
10-2025: 5.5%● unchanged vs 09-2025
11-2025: 10.6%▲ +5.1 percentage points vs 10-2025
12-2025: 10.6%● unchanged vs 11-2025
01-2026: 10.6%● unchanged vs 12-2025
02-2026: 10.7%▲ +0.1 percentage points vs 01-2026
03-2026: 10.4%▼ -0.3 percentage points vs 02-2026
04-2026: 11.9%▲ +1.5 percentage points vs 03-2026
05-2026: 12.2%▲ +0.3 percentage points vs 04-2026
06-2026: 12.2%● unchanged vs 05-2026highest value
07-2026: 8.1%▼ -4.1 percentage points vs 06-2026
08-2026: 8.1%● unchanged vs 07-2026
09-2026: 8.1%● unchanged vs 08-2026
10-2026: 8.1%● unchanged vs 09-2026
11-2026: 8.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2023
Liquidity: current ratio 0.05
lowers risk
Figures for financial year 2025 (filed on 22-06-2026)
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, micro). It does better than 9% of them on solvency, 1% on liquidity, 93% on profitability and 49% on growth.
The bankruptcy probability was computed on 05-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 1,017 companies had the same profile as GGX has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GGX itself: 8.1% within 12 months.
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 1,017 companies, not a prediction for GGX. 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
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 17096 sector peers (2025).
NBB · sector comparisonPosition among 17096 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
39 days early
2024
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 11 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.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803949163
Registered office moved from La Louvière to Morlanwelz
Transfer of 34 shares from Granados Ugo to De Broyer Xavier · Transfer of 33 shares from Guelmani Wanis to De Broyer Xavier · New registered office: Rue des Mésanges 13, 7140 Morlanwelz · General meeting of 31-08-2024 · Gazette deed
Incorporation
Founding capital of €52,500, 100 shares · Founders: DE BROYER Xavier, GRANADOS Ugo and GUELMANI Wanis · Appointments: GUELMANI Wanis, GRANADOS Ugo and DE BROYER Xavier · published on 17-07-2023 · Gazette deed
First establishment
Place Jules Mansart (L.L) 23, La Louvière
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GGX Morlanwelz | €2,335 | €61,497 | -1819.7% | - |
| Wok Dilbeek Brussels | €2,449 | €45,982 | -225.0% | - |
| BHRSG Sint-Genesius-Rode | €2,948 | €37,221 | -8825.4% | - |
| DO 47 Kraainem | €1,933 | €20,908 | 19.7% | - |
| MOANA POKEBOWLS Zaventem | €6,701 | €43,491 | -396.0% | - |
| MSL FOODS Mons | €3,408 | - | 100.0% | - |
| DUA.S Kraainem | €4,292 | €16,672 | 23.4% | 0.1 |
These companies have the same main activity as GGX: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1,930 and €6,700, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 13-07-2023Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment unit
- 2.347.504.7207100 La Louvière, since 13-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2025
- ≈ €200,000estimated
- €2,335▼ 95.9%
- ≈ 1.4 FTEestimated
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on GGX
The computed 12-month bankruptcy probability of GGX is 8.1% (elevated). The 2025 annual accounts show negative equity (-€42,490) and a net result of €2,011.
Its solvency ranks better than 5% of 17,096 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
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 GGX
- What is the company number of GGX?
- The company number of GGX is 0803.949.163. The VAT number is the same number with BE in front: BE 0803.949.163.
- Where is GGX based?
- The registered office is at Rue des Mésanges 13, 7140 Morlanwelz.Company details
- What does GGX do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of GGX?
- GGX is a private limited company (BV).
- When was GGX founded?
- GGX was founded on 13-07-2023.
- Is GGX still active?
- Yes, GGX is an active enterprise in the KBO register.
- How many employees does GGX have?
- GGX had an average of 4.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of GGX?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €61,497 and 72 comparable companies (NACE 56111). It probably lies between €170,000 and €260,000.
- Is GGX profitable?
- In financial year 2025, GGX made a profit of €2,011.
- Where can I find the annual accounts of GGX?
- GGX filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GGX due?
- GGX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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