GHK COMPANY
ActiveThe computed 12-month bankruptcy probability of GHK COMPANY is 2.8% (moderate). The 2025 annual accounts show equity of €26k and a net result of €11k. Equity is growing by ~41.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 18281 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+13
Solvency89▲+32
Growth66▲+28
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 1.38 in 2024; short-term debt: 35.8% and cash: 3.2% of total assets), and 35.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.2%
Return on assets
27.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
4 d late
2024
27 d late
2023
27 d early
2022
20 d early
2021
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€133k▼ 2.4%
2024 · €136k
2021: €118k
2022: €133k
2023: €147k
2024: €136k
2021 → 2025
EBIT margin
9.7%▲ 2.3pp
2024 · 7.5%
2021: 5.0%
2022: -9.7%
2023: 3.2%
2024: 7.5%
2021 → 2025
Net result
€11k▲ 113%
2024 · €5k
2021: €6k
2022: €-14k
2023: €3k
2024: €5k
2021 → 2025
Working capital
€26k▲ 112%
2024 · €12k
2021: €18k
2022: €-6k
2023: €2k
2024: €12k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€118k-€133k▲ 13.3%€147k▲ 10.3%€136k▼ 7.7%€133k▼ 2.4%
Equity€21k-€7k▼ 65.8%€10k▲ 37.7%€15k▲ 53.0%€26k▲ 73.9%
Operating result€6k-€-13k€5k€10k▲ 117%€13k▲ 27.5%
Net result€6k-€-14k€3k€5k▲ 93.7%€11k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €40k
Equity
€26k▲ 73.9%
Debt
€14k▼ 54.9%
The debt ratio falls from 68.3% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €15k
Cash flow
€14k▲
2024 · €10k
Solvency
64.2%▲
2024 · 31.7%
Current ratio
2.79▲
2024 · 1.38
Quick ratio
2.72▲
2024 · 1.17
Debt / equity
0.56▼
2024 · 2.15
ROE
42.5%▲
2024 · 34.6%
ROA
27.3%▲
2024 · 11.0%
Interest coverage
61.90▼
2024 · 77.20
Debt
€14k▼
2024 · €32k
Debt ≤ 1 year
€14k▼
2024 · €32k
Income taxes
€2k▼
2024 · €4k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€47k€40k▼
Fixed assets21/28€3k-
Tangible fixed assets22/27€3k-
Furniture and vehicles24€3k-
Current assets29/58€44k€40k▼
Stocks and contracts in progress3€7k€1k▼
Stocks30/36€7k€1k▼
Amounts receivable within one year40/41€30k€38k▲
Trade receivables40€500€500=
Other amounts receivable41€29k€38k▲
Cash at bank and in hand54/58€8k€1k▼
Equity and liabilities
Total equity and liabilities10/49€47k€40k▼
Equity10/15€15k€26k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-80€11k▲
Amounts payable17/49€32k€14k▼
Amounts payable within one year42/48€32k€14k▼
Trade debts44€25k€10k▼
Suppliers440/4€25k€10k▼
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€4k€5k▲
Remuneration and social security454/9€4k-
Income statement
Code20242025
Turnover70€136k€133k▼
Goods, raw materials, services and sundry goods60/61€119k€115k▼
Remuneration, social security and pensions62€528-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€17k€20k▲
Operating profit (loss)9901€10k€13k▲
Financial income75/76B€3€37▲
Recurring financial income75€3€17▲
Non-recurring financial income76B€3€20▲
Financial charges65/66B€692€252▼
Recurring financial charges65€191€252▲
Non-recurring financial charges66B€501-
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€5k€11k▲
Profit (loss) for the period to be appropriated9905€5k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-80€11k▲
Profit (loss) brought forward from the previous period14P€-5k€-80▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial
Highest result since 2021net €11k ▲113%
Operating result €13k, net result €11k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.79
Current ratio from 1.38 to 2.79; short-term debt falls from €32k to €14k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k ▼338%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2020
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.
Anderlechtsesteenweg 1641000 BrusselGround area
70 m²
Building footprint
70 m²
Volume, LiDAR
1,200 m³
Parcel 21810L2431/00Z000, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
GHK COMPANY
since 20202.308.120.641
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2431/00Z000 | Brussels | 70 m² | 1 · 70 m² | 19.3 m · 6 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 siteBrussel2.308.120.641
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,343 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.