GIOSOL'BAR
ActiveThe computed 12-month bankruptcy probability of GIOSOL'BAR is 4.2% (elevated). The 2024 annual accounts show negative equity (€-98k) and a net result of €-7k. Equity is shrinking by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1775 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
8
/ 100
Critical▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-62
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.12 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-360.4%
Return on assets
-27.6%
Age of the figures
20 mo
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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€98k
neutral · Filed after the deadline
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. 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
30 d late
2023
49 d late
2022
31 d late
2021
29 d late
2020
108 d late
2019
83 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k▲ 81.7%
2023 · €-41k
2018: €11k
2019: €-11k
2020: €-42k
2021: €134k
2022: €-92k
2023: €-41k
2018 → 2024
Working capital
€-93k▲ 10.4%
2023 · €-104k
2018: €-57k
2019: €-70k
2020: €-102k
2021: €31k
2022: €-68k
2023: €-104k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-91k-€43k€-49k€-90k▼ 82.9%€-98k▼ 8.3%
Operating result€-41k-€141k€-87k€-30k▲ 65.2%€3k
Net result€-42k-€134k€-92k€-41k▲ 55.7%€-7k▲ 81.7%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €30k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27k
Fixed assets
€8k▼ 46.1%
Current assets
€20k▲ 42.3%
Key figures and ratios
EBITDA
€9k▲
2023 · €-24k
Cash flow
€-743▲
2023 · €-34k
Solvency
-360.4%▼
2023 · -325.2%
Current ratio
0.17▲
2023 · 0.12
Quick ratio
0.09▲
2023 · 0.08
Debt / equity
-1.28▲
2023 · -1.31
ROE
7.7%▼
2023 · 45.3%
ROA
-27.6%▲
2023 · -147.4%
Interest coverage
0.99▲
2023 · -2.40
Debt
€125k▲
2023 · €118k
Debt ≤ 1 year
€113k▼
2023 · €118k
Debt > 1 year
€12k
Income taxes
€606▲
2023 · €589
Staff costs
€94k▼
2023 · €108k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€28k€27k▼
Fixed assets21/28€14k€8k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€11k€5k▼
Land and buildings22€141€106▼
Furniture and vehicles24€10k€5k▼
Current assets29/58€14k€20k▲
Stocks and contracts in progress3€4k€9k▲
Stocks30/36€4k€9k▲
Amounts receivable within one year40/41€3k€8k▲
Trade receivables40€454-
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1€487€1k▲
Equity and liabilities
Total equity and liabilities10/49€28k€27k▼
Equity10/15€-90k€-98k▼
Contributions10/11€7k€7k=
Capital10€7k€7k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-99k€-106k▼
Amounts payable17/49€118k€125k▲
Amounts payable after more than one year17-€12k
Financial debts170/4-€12k
Amounts payable within one year42/48€118k€113k▼
Financial debts43€4k€3k▼
Credit institutions430/8€4k€3k▼
Trade debts44€67k€70k▲
Suppliers440/4€67k€70k▲
Taxes, remuneration and social security45€28k€26k▼
Taxes450/3€16k€14k▼
Remuneration and social security454/9€12k€11k▼
Other amounts payable47/48€19k€14k▼
Income statement
Code20232024
Remuneration, social security and pensions62€108k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€126
Other operating charges640/8€3k€5k▲
Gross operating margin9900€87k€109k▲
Operating profit (loss)9901€-30k€3k▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Non-recurring financial charges66B€351-
Profit (loss) for the period before taxes9903€-40k€-7k▲
Income taxes67/77€589€606▲
Profit (loss) for the period9904€-41k€-7k▲
Profit (loss) for the period to be appropriated9905€-41k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-99k€-106k▼
Profit (loss) brought forward from the previous period14P€-58k€-99k▼
Social balance
Average headcount (FTE)9087-4.2
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-92k ▼169%
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €134k
Net result €134k after 2 loss-making years.
31-12
Financial
Liquidity times 8current ratio 1.33
Current ratio from 0.17 to 1.33; short-term debt falls from €124k to €95k.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Verviers · 2 establishment units since 2003
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.
Rue Fernand Houget 74800 VerviersGround area
2,292 m²
Building footprint
681 m²
Volume, LiDAR
6,638 m³
2 parcels, Wallonia · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Rue Jules Cerexhe 88, 4800 Verviers
since 20032.132.986.646
Au Vi' Houget
since 20182.279.200.684
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A1450/00M002 | Wallonia | 2,130 m² | 1 · 607 m² | 15.7 m · 4 fl. |
| 63573A0291/00L000 | Wallonia | 162 m² | 1 · 74 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteVerviers2.279.200.684
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 9,762 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2003
Fiscal year end31-12
Activities, NACEBEL
55301
55401
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0494//465364