GIUSEPPE
ActiveSummary
The computed 12-month bankruptcy probability of GIUSEPPE is 2.8% (moderate). The annual accounts of GIUSEPPE for fiscal year 2025 show a net loss of 88% of total assets and of 81% of the equity at the start of that year. The 2025 annual accounts show equity of €8,860 and a net result of -€38,007. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 18537 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-80
Solvency45▼-32
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.82 against 1.86 in 2024; short-term debt: 79.6% and cash: 17.7% of total assets), and 79.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
20.4%
Return on assets
-87.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
34 d early
2024
on the day
2023
13 d late
2022
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€145,514
EBIT margin
0.4%
Net result
-€38,007
2024 · €8,005
Working capital
-€6,063
2024 · €31,986
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2022202320242025
Turnover€145,514-
Operating result€556-€8,221▲ 1,379%€11,975▲ 45.7%-€35,727
Net result€443within the sector's middle half-€6,019within the sector's middle half▲ 1,259%€8,005within the sector's middle half▲ 33.0%-€38,007below the sector's middle half
EBIT margin0.4%-
Equity€35,243below the sector's middle half-€40,062below the sector's middle half▲ 13.7%€46,867below the sector's middle half▲ 17.0%€8,860within the sector's middle half▼ 81.1%
Total assets€39,335below the sector's middle half-€74,124below the sector's middle half▲ 88.4%€89,366below the sector's middle half▲ 20.6%€43,407below the sector's middle half▼ 51.4%
Debt€4,092-€34,062▲ 732%€42,499▲ 24.8%€34,547▼ 18.7%
Working capital€19,460-€21,626▲ 11.1%€31,986▲ 47.9%-€6,063
Solvency89.6%above the sector's middle half-54.0%within the sector's middle half▼ 35.5pp52.4%within the sector's middle half▼ 1.6pp20.4%within the sector's middle half▼ 32.0pp
Staff (FTE)1.8below the sector's middle half-0.8below the sector's middle half2.8▲ 250%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35,727 after €11,975 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,407
Fixed assets
€14,922 ▼ 26.5%
Current assets
€28,485 ▼ 58.8%
Equity and liabilities €43,407
Equity
€8,860 ▼ 81.1%
Debt
€34,547 ▼ 18.7%
Debt's share of the balance-sheet total rises from 47.6% to 79.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€31,230▼
2024 · €21,001
Cash flow
-€33,510▼
2024 · €17,031
Current ratio
0.82▼
2024 · 1.86
Quick ratio
0.68▼
2024 · 1.68
Debt to equity
3.90▲
2024 · 0.91
ROE
-429.0%▼
2024 · 17.1%
ROA
-87.6%▼
2024 · 9.0%
Interest coverage
-14.14▼
2024 · 6.86
Debt ≤ 1 year
€34,547▼
2024 · €37,077
Income taxes
€95▼
2024 · €2,491
Staff costs
€62,325▲
2024 · €30,081
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,136 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 1,136 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €145,514 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €127,664 | - | - | - | - |
| Remuneration, social security and pensions62 | €13,538 | €14,750 | €30,081 | €62,325 | ▲ 107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,694 | €5,323 | €9,026 | €4,497 | ▼ 50.2% |
| Other operating charges640/8 | €2,015 | €3,511 | €1,841 | €855 | ▼ 53.6% |
| Non-recurring operating charges66A | - | - | - | €33,934 | - |
| Gross operating margin9900 | €19,803 | €31,805 | €52,923 | €65,884 | ▲ 24.5% |
| Operating profit (loss)9901 | €556 | €8,221 | €11,975 | -€35,727 | ▼ 398% |
| Financial income75/76B | €1,300 | €510 | €1,583 | €24 | ▼ 98.5% |
| Recurring financial income75 | €1,300 | €510 | €1,583 | €24 | ▼ 98.5% |
| Financial charges65/66B | €843 | €823 | €3,062 | €2,209 | ▼ 27.8% |
| Recurring financial charges65 | €843 | €823 | €3,062 | €2,209 | ▼ 27.8% |
| Profit (loss) for the period before taxes9903 | €1,013 | €7,908 | €10,496 | -€37,912 | ▼ 461% |
| Income taxes67/77 | €570 | €1,889 | €2,491 | €95 | ▼ 96.2% |
| Profit (loss) for the period9904 | €443 | €6,019 | €8,005 | -€38,007 | ▼ 575% |
| Profit (loss) for the period to be appropriated9905 | €443 | €6,019 | €8,005 | -€38,007 | ▼ 575% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,335 | €74,124 | €89,366 | €43,407 | ▼ 51.4% |
| Fixed assets21/28 | €15,783 | €25,034 | €20,303 | €14,922 | ▼ 26.5% |
| Tangible fixed assets22/27 | €14,933 | €24,184 | €19,453 | €14,072 | ▼ 27.7% |
| Plant, machinery and equipment23 | €6,928 | €14,425 | €13,385 | €14,072 | ▲ 5.1% |
| Furniture and vehicles24 | €8,005 | €9,759 | €6,068 | - | - |
| Financial fixed assets28 | €850 | €850 | €850 | €850 | = |
| Current assets29/58 | €23,552 | €49,090 | €69,063 | €28,485 | ▼ 58.8% |
| Stocks and contracts in progress3 | €7,626 | €2,174 | €6,757 | €4,888 | ▼ 27.7% |
| Stocks30/36 | €7,626 | €2,174 | €6,757 | €4,888 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €4,180 | €19,367 | €11,666 | €15,930 | ▲ 36.6% |
| Trade receivables40 | €3,849 | €16,152 | €10,146 | €14,350 | ▲ 41.4% |
| Other amounts receivable41 | €331 | €3,215 | €1,520 | €1,580 | ▲ 3.9% |
| Cash at bank and in hand54/58 | €11,409 | €26,560 | €50,640 | €7,667 | ▼ 84.9% |
| Deferred charges and accrued income490/1 | €337 | €989 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,335 | €74,124 | €89,366 | €43,407 | ▼ 51.4% |
| Equity10/15 | €35,243 | €40,062 | €46,867 | €8,860 | ▼ 81.1% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €443 | €6,462 | €14,467 | -€23,540 | ▼ 263% |
| Investment grants15 | €4,800 | €3,600 | €2,400 | €2,400 | = |
| Amounts payable17/49 | €4,092 | €34,062 | €42,499 | €34,547 | ▼ 18.7% |
| Amounts payable after more than one year17 | - | €6,598 | €5,422 | - | - |
| Financial debts170/4 | - | €6,598 | €5,422 | - | - |
| Amounts payable within one year42/48 | €4,092 | €27,464 | €37,077 | €34,547 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €3,148 | €6,612 | €5,422 | ▼ 18.0% |
| Trade debts44 | €1,077 | €11,697 | - | €14,883 | - |
| Suppliers440/4 | €1,077 | €11,697 | - | €14,883 | - |
| Taxes, remuneration and social security45 | €1,644 | €10,292 | €15,227 | €14,238 | ▼ 6.5% |
| Taxes450/3 | €570 | €6,959 | €4,813 | €3,853 | ▼ 19.9% |
| Remuneration and social security454/9 | €1,074 | €3,333 | €10,414 | €10,385 | ▼ 0.3% |
| Other amounts payable47/48 | €1,371 | €2,327 | €15,238 | €4 | ▼ 100.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €443 | €6,019 | €8,005 | -€38,007 | ▼ 575% |
| + Depreciation and write-downs630 | €3,694 | €5,323 | €9,026 | €4,497 | ▼ 50.2% |
| Operating cash flow (approximation) | €4,137 | €11,342 | €17,031 | -€33,510 | ▼ 297% |
| Investment in fixed assets (approximation) | - | -€14,574 | -€4,295 | €883 | ▲ 121% |
| Change in cash | - | €15,151 | €24,080 | -€42,973 | ▼ 278% |
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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€38,007
Net result drops to -€38,007, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2022net €8,005 ▲33%
Operating result €11,975, net result €8,005, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waremme · 1 establishment unit since 2021
Ground area
319 m²
Building footprint
105 m²
Volume, LiDAR
1,128 m³
Parcel 64074C0513/00F000, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Epicerie Giuseppe
since 20212.321.632.543
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0513/00F000 | Wallonia | 319 m² | 1 · 105 m² | 13.0 m · 4 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 siteWaremme2.321.632.543
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,321 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
Founded06-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773539465
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.