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GIOSOL'BAR

Active
Private limited companyfounded 2003active for 23 yearsRue Fernand Houget 7, 4800 Verviers, BelgiumKBO/BCE: BE 0859.555.503
Summary

The computed 12-month bankruptcy probability of GIOSOL'BAR is 6.0% (elevated). The 2024 annual accounts show negative equity (-€97,721) and a net result of -€7,487. Equity has been shrinking by about 20% per year since 2018. Its solvency ranks better than 5% of 1,747 sector peers (NACE 56, financial year 2024). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 23-05-2003 Normal situation
Activity
Cafés and bars NACE 56301and 1 other
Establishment units
2.132.986.646 4800 Verviers, since 01-07-2003
2.279.200.684 4800 Verviers, since 26-09-2018
Financial year end
31 December
Peppol
Reachable

Financial position

34 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
6.0%
Annual accounts 2024
Gross margin
€108,721
▲ 24.9%
Turnover
≈ €310,000
estimated
Loss
€7,487
▼ 81.7%
Equity
-€97,721
▼ 8.3%
Total assets
€27,117
▼ 2.3%
Staff
4.2 FTE
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)1 financial year not filed after the legal deadline; last filed accounts filed 30 days late; 2 of the last 3 accounts latelowers riskFigures for financial year 2024 (filed on 02-09-2025)Founded in 2003Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 18% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2023
Weak
Solvency 0=
equity -360.4% of total assets
Liquidity 8-20
short-term debt 416.5% · cash 6.6%
Profitability 8+8
return on assets -27.6%
Bankruptcy probability within 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,779 companies, NACE 56, micro)
Last 24 months 12-2024: 5.9% 01-2025: 3.3%▼ -2.6 percentage points vs 12-2024 02-2025: 3.3%● unchanged vs 01-2025 03-2025: 3.3%● unchanged vs 02-2025 04-2025: 3.3%● unchanged vs 03-2025 05-2025: 3.2%▼ -0.1 percentage points vs 04-2025 06-2025: 3.1%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 3.2%▲ +0.1 percentage points vs 06-2025 08-2025: 3.6%▲ +0.4 percentage points vs 07-2025 09-2025: 3.6%● unchanged vs 08-2025 10-2025: 8.7%▲ +5.1 percentage points vs 09-2025highest value 11-2025: 8.7%● unchanged vs 10-2025highest value 12-2025: 8.7%● unchanged vs 11-2025highest value 01-2026: 8.7%● unchanged vs 12-2025highest value 02-2026: 8.7%● unchanged vs 01-2026highest value 03-2026: 8.6%▼ -0.1 percentage points vs 02-2026 04-2026: 8.6%● unchanged vs 03-2026 05-2026: 8.5%▼ -0.1 percentage points vs 04-2026 06-2026: 8.5%● unchanged vs 05-2026 07-2026: 8.7%▲ +0.2 percentage points vs 06-2026 08-2026: 8.3%▼ -0.4 percentage points vs 07-2026 09-2026: 7.7%▼ -0.6 percentage points vs 08-2026 10-2026: 6.0%▼ -1.7 percentage points vs 09-2026 11-2026: 6.0%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.17 (0.12 in 2023), below 1. Short-term debt is 416.5% and cash 6.6% of total assets. Equity is negative.
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, 8% on liquidity, 21% on profitability and 32% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
lowers risk · Figures for financial year 2024 (filed on 02-09-2025)
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 30 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€97,721
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 30 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
30 days late
2023
49 days late
2022
31 days late
2021
29 days late
2020
108 days late
2019
83 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 55 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 (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€97,721 View
  • Risk: 3 loss-making years in a rowloss in financial year 2024 -€7,487 View
  • Caution: Lower solvency than 95% of companies in food and beverage servicesector median 24.1% · 1,747 companies -360.4% View

Recent changes

  1. · Gazette deed Change of role: HENDRICK Philippe Jean-Claude Jean-Marie Emile, from manager to director
  2. · Gazette deed Registered office moved within VerviersNew seat: Rue Fernand Houget 7-4800 Verviers · Previous seat: Rue Jules Cereche 88-4800 Verviers
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as GIOSOL'BAR: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €24,600 and €57,500, founded between 1980 and 2015.

CompanyTotal assetsGross margin
GIOSOL'BAR Verviers€27,117€108,721
KEIZERSHOEK Kontich€28,782€100,748
COMO EN CASA Liège€33,845€44,012
H.V.T Brasschaat€52,170€88,581
LE PIETON Charleroi€24,605€125,638
BEANS COMPANY Mechelen€57,545€175,978
DPRS Antwerpen€52,508€202,365
Full comparison

Key facts about GIOSOL'BAR

What is the company number of GIOSOL'BAR?
The company number of GIOSOL'BAR is 0859.555.503. The VAT number is the same number with BE in front: BE 0859.555.503.
Where is GIOSOL'BAR based?
The registered office is at Rue Fernand Houget 7, 4800 Verviers.Company details
What does GIOSOL'BAR do?
According to the KBO register, the main activity is cafés and bars (NACE 56301).
What is the legal form of GIOSOL'BAR?
The legal form of GIOSOL'BAR is Private limited company (BV).
When was GIOSOL'BAR founded?
GIOSOL'BAR was founded on 23-05-2003.
Is GIOSOL'BAR still active?
Yes, GIOSOL'BAR is an active enterprise in the KBO register.
How many employees does GIOSOL'BAR have?
GIOSOL'BAR had an average of 4.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of GIOSOL'BAR?
The turnover in financial year 2024 is ≈ €310,000. This figure is estimated from the gross margin of €108,721 and 46 comparable companies (NACE 56301). It probably lies between €260,000 and €410,000.
Is GIOSOL'BAR profitable?
In financial year 2024, GIOSOL'BAR made a loss of €7,487.
Where can I find the annual accounts of GIOSOL'BAR?
GIOSOL'BAR filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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