GHLV
ActiveSummary
GHLV has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298,846 and a net result of €110,675. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency95▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 3.18 in 2024; short-term debt: 29.6% and cash: 63.5% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Five 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
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
70.1%
Return on assets
26%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d early
2023
51 d early
2022
24 d early
2021
27 d early
2020
31 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 4 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 company by total assets in Genappe, Accommodation and food service sector#9 oldest company in Genappe, Accommodation and food service sector
Equity
€298,846▲ 17.3%
2024 · €254,806
Total assets
€426,316▲ 20.1%
2024 · €354,915
Net result
€110,675▲ 3.9%
2024 · €106,506
Working capital
€263,998▲ 22.7%
2024 · €215,159
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€109,513▲ 626%€95,022▼ 13.2%€150,626▲ 58.5%€157,377▲ 4.5%€167,188▲ 6.2%
Net result€83,921above the sector's middle half▲ 764%€59,400above the sector's middle half▼ 29.2%€101,588above the sector's middle half▲ 71.0%€106,506above the sector's middle half▲ 4.8%€110,675above the sector's middle half▲ 3.9%
Equity€200,173above the sector's middle half▲ 72.2%€157,713above the sector's middle half▼ 21.2%€192,300above the sector's middle half▲ 21.9%€254,806above the sector's middle half▲ 32.5%€298,846above the sector's middle half▲ 17.3%
Total assets€216,937within the sector's middle half▲ 79.0%€297,822above the sector's middle half▲ 37.3%€316,443above the sector's middle half▲ 6.3%€354,915above the sector's middle half▲ 12.2%€426,316above the sector's middle half▲ 20.1%
Debt€16,764▲ 240%€140,109▲ 736%€124,143▼ 11.4%€100,109▼ 19.4%€127,470▲ 27.3%
Working capital€193,964above the sector's middle half▲ 162%€127,337above the sector's middle half▼ 34.4%€174,590above the sector's middle half▲ 37.1%€215,159above the sector's middle half▲ 23.2%€263,998above the sector's middle half▲ 22.7%
Solvency92.3%above the sector's middle half▼ 3.7pp53.0%within the sector's middle half▼ 39.3pp60.8%above the sector's middle half▲ 7.8pp71.8%above the sector's middle half▲ 11.0pp70.1%above the sector's middle half▼ 1.7pp
Current ratio13.92above the sector's middle half▼ 2.101.92within the sector's middle half▼ 12.002.50above the sector's middle half▲ 0.593.18above the sector's middle half▲ 0.673.09above the sector's middle half▼ 0.08
Return on assets (ROA)38.7%above the sector's middle half▲ 30.7pp19.9%above the sector's middle half▼ 18.7pp32.1%above the sector's middle half▲ 12.2pp30.0%above the sector's middle half▼ 2.1pp26.0%above the sector's middle half▼ 4.0pp
Staff (FTE)4.9▲ 250%9.4▲ 91.8%9.3▼ 1.1%9.8▲ 5.4%10.7▲ 9.2%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426,316
Fixed assets
€36,079 ▼ 11.7%
Current assets
€390,237 ▲ 24.3%
Equity and liabilities €426,316
Equity
€298,846 ▲ 17.3%
Debt
€127,470 ▲ 27.3%
Debt's share of the balance-sheet total rises from 28.2% to 29.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€179,582▲
2024 · €168,874
Cash flow
€123,070▲
2024 · €118,002
Quick ratio
2.97▼
2024 · 3.01
Debt to equity
0.43▲
2024 · 0.39
ROE
37.0%▼
2024 · 41.8%
Interest coverage
19.60▼
2024 · 21.77
Debt ≤ 1 year
€126,239▲
2024 · €98,902
Income taxes
€50,785▲
2024 · €45,838
Staff costs
€467,260▲
2024 · €448,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,230 | - | - | €75 | - | - |
| Remuneration, social security and pensions62 | €180,602 | €382,534 | €430,867 | €448,749 | €467,260 | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,800 | €4,922 | €8,510 | €11,496 | €12,395 | ▲ 7.8% |
| Other operating charges640/8 | €4,174 | €2,281 | €1,927 | €2,826 | €2,602 | ▼ 7.9% |
| Gross operating margin9900 | €297,089 | €484,759 | €591,929 | €620,450 | €649,444 | ▲ 4.7% |
| Operating profit (loss)9901 | €109,513 | €95,022 | €150,626 | €157,377 | €167,188 | ▲ 6.2% |
| Financial income75/76B | - | €590 | €1,283 | €2,722 | €3,436 | ▲ 26.2% |
| Recurring financial income75 | - | €590 | €1,283 | €2,722 | €3,436 | ▲ 26.2% |
| Financial charges65/66B | €3,864 | €5,611 | €8,054 | €7,756 | €9,163 | ▲ 18.1% |
| Recurring financial charges65 | €3,864 | €5,611 | €8,054 | €7,756 | €9,163 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €105,649 | €90,001 | €143,856 | €152,344 | €161,460 | ▲ 6.0% |
| Income taxes67/77 | €21,728 | €30,601 | €42,268 | €45,838 | €50,785 | ▲ 10.8% |
| Profit (loss) for the period9904 | €83,921 | €59,400 | €101,588 | €106,506 | €110,675 | ▲ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €83,921 | €59,400 | €101,588 | €106,506 | €110,675 | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,937 | €297,822 | €316,443 | €354,915 | €426,316 | ▲ 20.1% |
| Fixed assets21/28 | €7,958 | €31,447 | €25,651 | €40,854 | €36,079 | ▼ 11.7% |
| Tangible fixed assets22/27 | €7,958 | €31,447 | €25,651 | €40,854 | €36,079 | ▼ 11.7% |
| Plant, machinery and equipment23 | €5,947 | €18,579 | €14,719 | €33,058 | €26,341 | ▼ 20.3% |
| Furniture and vehicles24 | €2,011 | €12,868 | €10,932 | €7,797 | €9,738 | ▲ 24.9% |
| Current assets29/58 | €208,979 | €266,375 | €290,793 | €314,061 | €390,237 | ▲ 24.3% |
| Amounts receivable after more than one year29 | - | €46,800 | €56,150 | €27,086 | €89,265 | ▲ 230% |
| Other amounts receivable291 | - | €46,800 | €56,150 | €27,086 | €89,265 | ▲ 230% |
| Stocks and contracts in progress3 | €8,691 | €10,381 | €9,200 | €16,243 | €15,535 | ▼ 4.4% |
| Stocks30/36 | €8,691 | €10,381 | €9,200 | €16,243 | €15,535 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €30,207 | €7,328 | €7,445 | €5,405 | €6,841 | ▲ 26.6% |
| Trade receivables40 | €60 | €2,399 | €297 | €1,271 | €3,284 | ▲ 158% |
| Other amounts receivable41 | €30,147 | €4,930 | €7,148 | €4,134 | €3,556 | ▼ 14.0% |
| Cash at bank and in hand54/58 | €151,573 | €186,624 | €202,453 | €248,271 | €270,681 | ▲ 9.0% |
| Deferred charges and accrued income490/1 | €18,509 | €15,242 | €15,545 | €17,055 | €7,915 | ▼ 53.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,937 | €297,822 | €316,443 | €354,915 | €426,316 | ▲ 20.1% |
| Equity10/15 | €200,173 | €157,713 | €192,300 | €254,806 | €298,846 | ▲ 17.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €165,360 | €113,500 | €146,500 | €212,500 | €256,540 | ▲ 20.7% |
| Distributable reserves133 | €165,360 | €113,500 | €146,500 | €212,500 | €256,540 | ▲ 20.7% |
| Profit (loss) carried forward14 | €16,213 | €25,613 | €27,200 | €23,706 | €23,706 | = |
| Amounts payable17/49 | €16,764 | €140,109 | €124,143 | €100,109 | €127,470 | ▲ 27.3% |
| Amounts payable within one year42/48 | €15,016 | €139,038 | €116,203 | €98,902 | €126,239 | ▲ 27.6% |
| Trade debts44 | €872 | €7,984 | €13,198 | €8,575 | €4,713 | ▼ 45.0% |
| Suppliers440/4 | €872 | €7,984 | €13,198 | €8,575 | €4,713 | ▼ 45.0% |
| Taxes, remuneration and social security45 | €14,144 | €29,193 | €36,005 | €46,327 | €54,891 | ▲ 18.5% |
| Taxes450/3 | €3,531 | €3,305 | €8,874 | €18,331 | €25,274 | ▲ 37.9% |
| Remuneration and social security454/9 | €10,612 | €25,888 | €27,131 | €27,996 | €29,617 | ▲ 5.8% |
| Other amounts payable47/48 | - | €101,860 | €67,000 | €44,000 | €66,635 | ▲ 51.4% |
| Accrued charges and deferred income492/3 | €1,749 | €1,072 | €7,940 | €1,207 | €1,231 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,921 | €59,400 | €101,588 | €106,506 | €110,675 | ▲ 3.9% |
| + Depreciation and write-downs630 | €2,800 | €4,922 | €8,510 | €11,496 | €12,395 | ▲ 7.8% |
| Operating cash flow (approximation) | €86,721 | €64,322 | €110,097 | €118,002 | €123,070 | ▲ 4.3% |
| Investment in fixed assets (approximation) | - | -€28,411 | -€2,713 | -€26,700 | -€7,619 | ▲ 71.5% |
| Change in cash | - | €35,051 | €15,829 | €45,818 | €22,410 | ▼ 51.1% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €110,675 ▲3.9%
Operating result €167,188, net result €110,675, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €254,806 ▲32.5%
7 profitable years in a row build equity to €254,806.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €200,173 ▲72.2%
4 profitable years in a row build equity to €200,173.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €9,714 ▼56.8%
Net result drops to €9,714, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 16.01
Current ratio from 4.29 to 16.01; short-term debt falls from €21,628 to €4,925.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €106,539 ▲26.8%
2 profitable years in a row build equity to €106,539.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Genappe · 1 establishment unit since 2005
Ground area
206 m²
Building footprint
63 m²
Volume, LiDAR
485 m³
Parcel 25041D0080/00V000, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CHEZ GINETTE
since 20052.144.848.162
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25041D0080/00V000 | Wallonia | 206 m² | 1 · 63 m² | 9.1 m · 3 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 siteGenappe2.144.848.162
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 7,672 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
Founded16-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56220Contract catering and other food service activities
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869994384
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.