GHLK
ActiveSummary
The computed 12-month bankruptcy probability of GHLK is 1.5% (moderate). The 2024 annual accounts show equity of €130k and a net result of €165k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 18936 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency92▲+92
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 0.21 in 2023; short-term debt: 33.2% and cash: 48% of total assets), and 33.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
27 d late
2022
58 d late
2021
24 d late
2020
89 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€130k
2023 · €-35k
2018: €-70k
2019: €-82k▼ -18.6% vs 2018lowest in 7 years
2020: €-73k▲ +12.0% vs 2019
2021: €-63k▲ +12.5% vs 2020
2022: €-73k▼ -14.2% vs 2021
2023: €-35k▲ +51.2% vs 2022
2024: €130k▲ +467% vs 2023highest in 7 years
2018 → 2024
Total assets
€194k▲ 80.0%
2023 · €108k
2018: €22k
2019: €14k▼ -36.1% vs 2018lowest in 7 years
2020: €17k▲ +17.5% vs 2019
2021: €27k▲ +58.2% vs 2020
2022: €40k▲ +50.5% vs 2021
2023: €108k▲ +170% vs 2022
2024: €194k▲ +80.0% vs 2023highest in 7 years
2018 → 2024
Net result
€165k▲ 345%
2023 · €37k
2018: €20k
2019: €-13k▼ -165% vs 2018lowest in 7 years
2020: €10k▲ +177% vs 2019
2021: €9k▼ -8.2% vs 2020
2022: €-9k▼ -199% vs 2021
2023: €37k▲ +512% vs 2022
2024: €165k▲ +345% vs 2023highest in 7 years
2018 → 2024
Working capital
€82k
2023 · €-113k
2018: €-72k
2019: €-86k▼ -19.6% vs 2018
2020: €-78k▲ +9.7% vs 2019
2021: €-71k▲ +9.0% vs 2020
2022: €-89k▼ -25.9% vs 2021
2023: €-113k▼ -27.0% vs 2022lowest in 7 years
2024: €82k▲ +173% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-73k-€-63k▲ 12.5%€-73k▼ 14.2%€-35k▲ 51.2%€130k
2020: €-73klowest in 5 years
2021: €-63k▲ +12.5% vs 2020
2022: €-73k▼ -14.2% vs 2021
2023: €-35k▲ +51.2% vs 2022
2024: €130k▲ +467% vs 2023highest in 5 years
Operating result€12k-€9k▼ 27.6%€-8k€39k€197k▲ 408%
2020: €12k
2021: €9k▼ -27.6% vs 2020
2022: €-8k▼ -188% vs 2021lowest in 5 years
2023: €39k▲ +590% vs 2022
2024: €197k▲ +408% vs 2023highest in 5 years
Net result€10k-€9k▼ 8.2%€-9k€37k€165k▲ 345%
2020: €10k
2021: €9k▼ -8.2% vs 2020
2022: €-9k▼ -199% vs 2021lowest in 5 years
2023: €37k▲ +512% vs 2022
2024: €165k▲ +345% vs 2023highest in 5 years
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 two years in a row; 2024 is 408% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €194k
Fixed assets
€48k ▼ 38.5%
Current assets
€147k ▲ 381%
Equity and liabilities €194k
Equity
€130k
Debt
€65k
Debt finances 33.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€206k▲
2023 · €49k
Cash flow
€175k▲
2023 · €47k
Current ratio
2.27▲
2023 · 0.21
Quick ratio
2.08▲
2023 · 0.19
Debt to equity
0.50▲
2023 · -4.05
ROE
127.3%
ROA
85.0%▲
2023 · 34.4%
Interest coverage
83.65▲
2023 · 38.78
Debt ≤ 1 year
€65k▼
2023 · €143k
Income taxes
€29k▲
2023 · €363
Staff costs
€61k▲
2023 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€108k€194k▲
Fixed assets21/28€78k€48k▼
Tangible fixed assets22/27€77k€48k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€14k€14k▲
Furniture and vehicles24€47k€9k▼
Other tangible fixed assets26€15k€24k▲
Financial fixed assets28€125€125=
Current assets29/58€30k€147k▲
Stocks and contracts in progress3€3k€12k▲
Stocks30/36€3k€12k▲
Amounts receivable within one year40/41€202€17k▲
Trade receivables40€202€10▼
Other amounts receivable41-€17k
Cash at bank and in hand54/58€13k€93k▲
Deferred charges and accrued income490/1€14k€25k▲
Equity and liabilities
Total equity and liabilities10/49€108k€194k▲
Equity10/15€-35k€130k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-43k€122k▲
Amounts payable17/49€143k€65k▼
Amounts payable within one year42/48€143k€65k▼
Current portion of amounts payable after more than one year42€17k€300▼
Trade debts44€44k€17k▼
Suppliers440/4€44k€17k▼
Taxes, remuneration and social security45€10k€48k▲
Taxes450/3€2k€48k▲
Remuneration and social security454/9€8k-
Other amounts payable47/48€72k-
Income statement
Code20232024
Remuneration, social security and pensions62€48k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€22k€11k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€119k€281k▲
Operating profit (loss)9901€39k€197k▲
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€37k€194k▲
Income taxes67/77€363€29k▲
Profit (loss) for the period9904€37k€165k▲
Profit (loss) for the period to be appropriated9905€37k€165k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€122k▲
Profit (loss) brought forward from the previous period14P€-81k€-43k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €9k | €15k | €48k | €61k | ▲ 26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €4k | €10k | €9k | ▼ 6.5% |
| Other operating charges640/8 | - | €3k | €18k | €22k | €11k | ▼ 50.2% |
| Non-recurring operating charges66A | - | - | - | - | €3k | - |
| Gross operating margin9900 | €26k | €24k | €29k | €119k | €281k | ▲ 137% |
| Operating profit (loss)9901 | €12k | €9k | €-8k | €39k | €197k | ▲ 408% |
| Financial income75/76B | - | €883 | €553 | €1 | €3 | ▲ 403% |
| Recurring financial income75 | €9 | €883 | €553 | €1 | €3 | ▲ 403% |
| Financial charges65/66B | - | €337 | €1k | €1k | €2k | ▲ 95.7% |
| Recurring financial charges65 | €2k | €337 | €1k | €1k | €2k | ▲ 95.7% |
| Profit (loss) for the period before taxes9903 | €10k | €9k | €-9k | €37k | €194k | ▲ 418% |
| Income taxes67/77 | €412 | €410 | €419 | €363 | €29k | ▲ 7,906% |
| Profit (loss) for the period9904 | €10k | €9k | €-9k | €37k | €165k | ▲ 345% |
| Profit (loss) for the period to be appropriated9905 | €10k | €9k | €-9k | €37k | €165k | ▲ 345% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €27k | €40k | €108k | €194k | ▲ 80.0% |
| Fixed assets21/28 | €5k | €7k | €16k | €78k | €48k | ▼ 38.5% |
| Tangible fixed assets22/27 | €5k | €7k | €16k | €77k | €48k | ▼ 38.5% |
| Land and buildings22 | - | €1k | €2k | €1k | €1k | ▼ 12.9% |
| Plant, machinery and equipment23 | - | €3k | €6k | €14k | €14k | ▲ 2.5% |
| Furniture and vehicles24 | - | €2k | €6k | €47k | €9k | ▼ 81.8% |
| Other tangible fixed assets26 | - | €772 | €3k | €15k | €24k | ▲ 59.0% |
| Financial fixed assets28 | - | €105 | €105 | €125 | €125 | = |
| Current assets29/58 | €12k | €19k | €24k | €30k | €147k | ▲ 381% |
| Stocks and contracts in progress3 | €561 | €3k | €3k | €3k | €12k | ▲ 266% |
| Stocks30/36 | - | €3k | €3k | €3k | €12k | ▲ 266% |
| Amounts receivable within one year40/41 | €4k | €7k | €52 | €202 | €17k | ▲ 8,132% |
| Trade receivables40 | - | - | €52 | €202 | €10 | ▼ 95.1% |
| Other amounts receivable41 | - | €7k | - | - | €17k | - |
| Cash at bank and in hand54/58 | €7k | €9k | €20k | €13k | €93k | ▲ 635% |
| Deferred charges and accrued income490/1 | - | €559 | €1k | €14k | €25k | ▲ 72.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €27k | €40k | €108k | €194k | ▲ 80.0% |
| Equity10/15 | €-73k | €-63k | €-73k | €-35k | €130k | ▲ 467% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-81k | €-72k | €-81k | €-43k | €122k | ▲ 380% |
| Amounts payable17/49 | €89k | €90k | €112k | €143k | €65k | ▼ 54.9% |
| Amounts payable within one year42/48 | €89k | €90k | €112k | €143k | €65k | ▼ 54.9% |
| Current portion of amounts payable after more than one year42 | - | €16k | €17k | €17k | €300 | ▼ 98.3% |
| Trade debts44 | €11k | €725 | €8k | €44k | €17k | ▼ 62.0% |
| Suppliers440/4 | - | €725 | €8k | €44k | €17k | ▼ 62.0% |
| Taxes, remuneration and social security45 | - | €4k | €16k | €10k | €48k | ▲ 356% |
| Taxes450/3 | - | €3k | €5k | €2k | €48k | ▲ 1,837% |
| Remuneration and social security454/9 | - | €892 | €12k | €8k | - | - |
| Other amounts payable47/48 | - | €70k | €71k | €72k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €9k | €-9k | €37k | €165k | ▲ 345% |
| + Depreciation and write-downs630 | €2k | €2k | €4k | €10k | €9k | ▼ 6.5% |
| Operating cash flow (approximation) | €12k | €11k | €-5k | €47k | €175k | ▲ 270% |
| Investment in fixed assets (approximation) | - | €-4k | €-13k | €-71k | €20k | ▲ 129% |
| Change in cash | - | €2k | €11k | €-7k | €81k | ▲ 1,244% |
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
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
31-12
Financial
Highest result since 2018net €165k ▲345%
Operating result €197k, net result €165k, both a record.
31-12
Financial
Liquidity times 11current ratio 2.27
Current ratio from 0.21 to 2.27; short-term debt falls from €143k to €65k.
31-12
Financial
Equity above €100kEq €130k
2 profitable years in a row build equity to €130k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
Show earlier events
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Grobbendonk · 1 establishment unit since 2012
Ground area
1,237 m²
Building footprint
143 m²
Volume, LiDAR
905 m³
Parcel 13010C0041/00E006, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pure Love
since 20122.215.329.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010C0041/00E006 | Flanders | 1,237 m² | 1 · 143 m² | 7.2 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrobbendonk2.215.329.847
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 3,477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
55203Holiday cottages, homes and apartments
Scores and ratios are computed by Checked and are not a credit decision.