GIULI
ActiveSummary
The computed 12-month bankruptcy probability of GIULI is 5.9% (elevated). The annual accounts of GIULI for fiscal year 2024 show a net loss of 72% of the equity at the start of that year. The 2024 annual accounts show equity of €4,871 and a net result of -€12,279. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 35% of 18932 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-22
Solvency36▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.34 in 2023; short-term debt: 66.9% and cash: 1.8% of total assets), and 89.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
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 · 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
10.7%
Return on assets
-26.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€12,279
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
44 d early
2022
56 d early
2021
19 d early
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€4,871▼ 71.6%
2023 · €17,150
Total assets
€45,631▼ 14.9%
2023 · €53,615
Net result
-€12,279▼ 123%
2023 · -€5,503
Working capital
-€23,500▼ 59.7%
2023 · -€14,717
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,869-€19,765€3,929▼ 80.1%-€2,736-€10,326▼ 277%
Net result-€4,963-€19,470€3,147▼ 83.8%-€5,503-€12,279▼ 123%
Equity€37-€19,506▲ 53,312%€22,654▲ 16.1%€17,150▼ 24.3%€4,871▼ 71.6%
Total assets€18,407-€31,030▲ 68.6%€51,384▲ 65.6%€53,615▲ 4.3%€45,631▼ 14.9%
Debt€18,370-€11,523▼ 37.3%€28,730▲ 149%€36,464▲ 26.9%€40,760▲ 11.8%
Working capital-€14,986-€1,452€14,560▲ 903%-€14,717-€23,500▼ 59.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,326 in 2024 against €2,736 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45,524
Fixed assets
€38,512 ▼ 15.7%
Current assets
€7,012 ▼ 6.3%
Equity and liabilities €45,631
Equity
€4,871 ▼ 71.6%
Debt
€40,760 ▲ 11.8%
Debt's share of the balance-sheet total rises from 68.0% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€735▼
2023 · €5,017
Cash flow
-€2,688▼
2023 · €2,250
Current ratio
0.23▼
2023 · 0.34
Quick ratio
0.19▼
2023 · 0.27
Debt to equity
8.37▲
2023 · 2.13
ROE
-252.1%▼
2023 · -32.1%
ROA
-26.9%▼
2023 · -10.3%
Interest coverage
-0.43▼
2023 · 1.95
Debt ≤ 1 year
€30,511▲
2023 · €22,198
Debt > 1 year
€10,248▼
2023 · €14,267
Income taxes
€240▲
2023 · €193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,227 | €2,495 | €2,992 | €7,753 | €9,591 | ▲ 23.7% |
| Other operating charges640/8 | - | €1,137 | €3,250 | €3,321 | €3,581 | ▲ 7.8% |
| Gross operating margin9900 | -€3,338 | €23,397 | €10,171 | €8,338 | €2,846 | ▼ 65.9% |
| Operating profit (loss)9901 | -€4,869 | €19,765 | €3,929 | -€2,736 | -€10,326 | ▼ 277% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | €1 | - | - | - | €1 | - |
| Financial charges65/66B | - | €295 | €533 | €2,574 | €1,715 | ▼ 33.4% |
| Recurring financial charges65 | €95 | €295 | €533 | €2,574 | €1,715 | ▼ 33.4% |
| Profit (loss) for the period before taxes9903 | -€4,963 | €19,470 | €3,396 | -€5,311 | -€12,039 | ▼ 127% |
| Income taxes67/77 | - | - | €248 | €193 | €240 | ▲ 24.8% |
| Profit (loss) for the period9904 | -€4,963 | €19,470 | €3,147 | -€5,503 | -€12,279 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | -€4,963 | €19,470 | €3,147 | -€5,503 | -€12,279 | ▼ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,407 | €31,030 | €51,384 | €53,615 | €45,631 | ▼ 14.9% |
| Formation expenses20 | €1,560 | €1,197 | €834 | €470 | €107 | ▼ 77.2% |
| Fixed assets21/28 | €13,462 | €16,857 | €20,260 | €45,664 | €38,512 | ▼ 15.7% |
| Tangible fixed assets22/27 | €10,962 | €14,357 | €17,760 | €43,164 | €36,012 | ▼ 16.6% |
| Plant, machinery and equipment23 | - | €4,289 | €5,730 | €3,976 | €3,217 | ▼ 19.1% |
| Furniture and vehicles24 | - | €3,497 | €4,833 | €30,686 | €24,560 | ▼ 20.0% |
| Other tangible fixed assets26 | - | €6,571 | €7,196 | €8,502 | €8,234 | ▼ 3.1% |
| Financial fixed assets28 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €3,385 | €12,976 | €30,291 | €7,481 | €7,012 | ▼ 6.3% |
| Stocks and contracts in progress3 | €1,244 | €1,603 | €1,396 | €1,426 | €1,087 | ▼ 23.7% |
| Stocks30/36 | - | €1,603 | €1,396 | €1,426 | €1,087 | ▼ 23.7% |
| Amounts receivable within one year40/41 | €1,599 | €3,567 | €8,039 | €3,877 | €4,839 | ▲ 24.8% |
| Trade receivables40 | - | €2,255 | €4,864 | €87 | €2,036 | ▲ 2,254% |
| Other amounts receivable41 | - | €1,312 | €3,175 | €3,791 | €2,803 | ▼ 26.1% |
| Cash at bank and in hand54/58 | €542 | €7,806 | €14,547 | €1,413 | €832 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | - | €6,308 | €764 | €253 | ▼ 66.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,407 | €31,030 | €51,384 | €53,615 | €45,631 | ▼ 14.9% |
| Equity10/15 | €37 | €19,506 | €22,654 | €17,150 | €4,871 | ▼ 71.6% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | - | - | €5,000 | - | - | - |
| Issued capital100 | - | - | €5,000 | - | - | - |
| Outside capital11 | - | €5,000 | - | €5,000 | €5,000 | = |
| Other1109/19 | - | €5,000 | - | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€4,963 | €14,506 | €17,654 | €12,150 | -€129 | ▼ 101% |
| Amounts payable17/49 | €18,370 | €11,523 | €28,730 | €36,464 | €40,760 | ▲ 11.8% |
| Amounts payable after more than one year17 | - | - | - | €14,267 | €10,248 | ▼ 28.2% |
| Financial debts170/4 | - | - | - | €14,267 | €10,248 | ▼ 28.2% |
| Amounts payable within one year42/48 | €18,370 | €11,523 | €15,730 | €22,198 | €30,511 | ▲ 37.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,722 | €4,018 | ▲ 8.0% |
| Trade debts44 | €2,802 | €5,526 | €12,734 | €11,548 | €6,284 | ▼ 45.6% |
| Suppliers440/4 | - | €5,526 | €12,734 | €11,548 | €6,284 | ▼ 45.6% |
| Taxes, remuneration and social security45 | - | €1,738 | €2,368 | €719 | €5,541 | ▲ 670% |
| Taxes450/3 | - | €1,738 | €2,368 | €719 | €4,241 | ▲ 490% |
| Remuneration and social security454/9 | - | - | - | - | €1,300 | - |
| Other amounts payable47/48 | - | €4,260 | €629 | €6,208 | €14,668 | ▲ 136% |
| Accrued charges and deferred income492/3 | - | - | €13,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,963 | €19,470 | €3,147 | -€5,503 | -€12,279 | ▼ 123% |
| + Depreciation and write-downs630 | €1,227 | €2,495 | €2,992 | €7,753 | €9,591 | ▲ 23.7% |
| Operating cash flow (approximation) | -€3,737 | €21,965 | €6,140 | €2,250 | -€2,688 | ▼ 219% |
| Investment in fixed assets (approximation) | - | -€5,890 | -€6,395 | -€33,157 | -€2,439 | ▲ 92.6% |
| Change in cash | - | €7,264 | €6,742 | -€13,134 | -€581 | ▲ 95.6% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€12,279
Net result drops to -€12,279, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,470
Net result €19,470 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.13
Current ratio from 0.18 to 1.13; short-term debt falls from €18,370 to €11,523.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 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, Châtelet · 1 establishment unit since 2020
Ground area
159 m²
Building footprint
76 m²
Parcel 52502B0552/00T000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GIULI
since 20202.304.619.040
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52502B0552/00T000 | Wallonia | 159 m² | 1 · 76 m² | - |
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 siteChâtelet2.304.619.040
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Of 14,006 companies in sector 56301 we hold annual accounts for 4,889. 2,769 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
Founded21-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.