GLYVITHO
ActiveThe computed 12-month bankruptcy probability of GLYVITHO is 1.6% (moderate). The 2025 annual accounts show equity of €78k and a net result of €14k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 13061 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy▲ +28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+64
Solvency42▲+22
Growth78=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.84 in 2024), and 71.8% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
28.2%
Return on assets
5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
63 d early
2024
20 d early
2023
20 d late
2022
5 d early
2021
31 d early
2020
31 d late
2019
38 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 21.8%
2024 · €64k
2019: €54k
2020: €78k
2021: €52k
2022: €39k
2023: €79k
2024: €64k
2019 → 2025
Total assets
€275k▼ 17.7%
2024 · €334k
2019: €499k
2020: €528k
2021: €467k
2022: €377k
2023: €373k
2024: €334k
2019 → 2025
Net result
€14k▲ 330%
2024 · €3k
2019: €-19k
2020: €24k
2021: €-27k
2022: €-13k
2023: €40k
2024: €3k
2019 → 2025
Working capital
€-5k▲ 62.4%
2024 · €-14k
2019: €-29k
2020: €10k
2021: €-19k
2022: €-3k
2023: €24k
2024: €-14k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€39k▼ 24.3%€79k▲ 102%€64k▼ 19.2%€78k▲ 21.8%
Operating result€-19k-€-7k▲ 65.7%€48k€10k▼ 78.9%€23k▲ 130%
Net result€-27k-€-13k▲ 52.8%€40k€3k▼ 91.9%€14k▲ 330%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 130% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275k
Fixed assets
€205k▼ 20.9%
Current assets
€69k▼ 6.4%
Equity and liabilities €275k
Equity
€78k▲ 21.8%
Debt
€197k▼ 27.0%
The debt ratio falls from 80.9% to 71.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€48k▲
2024 · €46k
Cash flow
€38k▼
2024 · €39k
Solvency
28.2%▲
2024 · 19.1%
Current ratio
0.93▲
2024 · 0.84
Quick ratio
0.89▲
2024 · 0.81
Debt / equity
2.55▼
2024 · 4.25
ROE
17.9%▲
2024 · 5.1%
ROA
5.0%▲
2024 · 1.0%
Interest coverage
9.20▲
2024 · 7.71
Debt
€197k▼
2024 · €270k
Debt ≤ 1 year
€75k▼
2024 · €88k
Debt > 1 year
€123k▼
2024 · €182k
Income taxes
€4k▲
2024 · €1k
Staff costs
€113k▼
2024 · €120k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€334k€275k▼
Fixed assets21/28€260k€205k▼
Intangible fixed assets21€7k€3k▼
Tangible fixed assets22/27€253k€202k▼
Land and buildings22€214k€198k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€34k€2k▼
Current assets29/58€74k€69k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€36k€39k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€33k€33k=
Cash at bank and in hand54/58€35k€28k▼
Deferred charges and accrued income490/1€918€0▼
Equity and liabilities
Total equity and liabilities10/49€334k€275k▼
Equity10/15€64k€78k▲
Contributions10/11€44k€44k=
Reserves13€20k€34k▲
Tax-exempt reserves132€16k€16k=
Distributable reserves133€3k€17k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€270k€197k▼
Amounts payable after more than one year17€182k€123k▼
Financial debts170/4€182k€123k▼
Amounts payable within one year42/48€88k€75k▼
Current portion of amounts payable after more than one year42€49k€40k▼
Trade debts44€21k€20k▼
Suppliers440/4€21k€20k▼
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9€10k€9k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€126€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€120k€113k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€24k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€0€6k▲
Gross operating margin9900€167k€169k▲
Operating profit (loss)9901€10k€23k▲
Financial income75/76B€31€41▲
Recurring financial income75€31€41▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€4k€18k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€3k€14k▲
Profit (loss) for the period to be appropriated9905€3k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€14k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€18k€0▼
Transfer to equity691/2€3k€14k▲
To other reserves6921€3k€14k▲
Profit to be distributed694/7€18k€0▼
Return on contributions (dividend)694€18k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-27k ▼212%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wevelgem · 1 establishment unit since 2016
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.
Menenstraat 218560 WevelgemGround area
360 m²
Building footprint
177 m²
Volume, LiDAR
817 m³
Parcel 34041C0345/00K000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLYVITHO
since 20162.255.671.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0345/00K000 | Flanders | 360 m² | 1 · 177 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteWevelgem2.255.671.355
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 7,988 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-08-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.