GMK
ActiveSummary
The computed 12-month bankruptcy probability of GMK is 9.3% (elevated). The 2024 annual accounts show negative equity (-€28,427) and a net result of -€9,365. Equity is shrinking by ~48% per year across the filed fiscal years. Its solvency ranks better than 5% 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 = 2022
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
9.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.2 in 2022; short-term debt: 561% and cash: 0% of total assets), and equity is negative.
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Signals
Five 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 · 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
-461%
Return on assets
-151.9%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
212224
2021 to 2024 · latest year -€28,427
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2022
154 d late
2021
247 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 155 days after 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
-€28,427▼ 3.3%
2022 · -€27,513
Total assets
€6,166▼ 40.2%
2022 · €10,306
Net result
-€9,365▲ 75.8%
2022 · -€38,674
Working capital
-€28,427▲ 5.8%
2022 · -€30,180
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
Line202120222024
Operating result-€13,832--€38,409▼ 178%-€9,011-
Net result-€13,839--€38,674▼ 179%-€9,365-
Equity€11,161--€27,513-€28,427-
Total assets€82,072-€10,306▼ 87.4%€6,166-
Debt€70,910-€37,819▼ 46.7%€34,593-
Working capital-€7,172--€30,180▼ 321%-€28,427-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€9,011 in 2024, compared with -€38,409 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €6,166
Fixed assets
€0 ▼ 100.0%
Current assets
€6,166 ▼ 19.3%
Key figures and ratios
EBITDA
-€7,677▲
2022 · -€37,076
Cash flow
-€8,032▲
2022 · -€37,341
Solvency
-461.0%▼
2022 · -267.0%
Current ratio
0.18▼
2022 · 0.20
Debt to equity
-1.22▲
2022 · -1.37
ROA
-151.9%▲
2022 · -375.3%
Interest coverage
-21.64▲
2022 · -139.88
Debt ≤ 1 year
€34,593▼
2022 · €37,819
Staff costs
€40▼
2022 · €35,322
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €71,930 | €35,322 | €40 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,667 | €1,333 | €1,333 | - |
| Other operating charges640/8 | €363 | €472 | €118 | - |
| Gross operating margin9900 | €65,128 | -€1,281 | -€7,519 | - |
| Operating profit (loss)9901 | -€13,832 | -€38,409 | -€9,011 | - |
| Financial charges65/66B | €7 | €265 | €355 | - |
| Recurring financial charges65 | €7 | €265 | €355 | - |
| Profit (loss) for the period before taxes9903 | -€13,839 | -€38,674 | -€9,365 | - |
| Profit (loss) for the period9904 | -€13,839 | -€38,674 | -€9,365 | - |
| Profit (loss) for the period to be appropriated9905 | -€13,839 | -€38,674 | -€9,365 | - |
| Line | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €82,072 | €10,306 | €6,166 | - |
| Fixed assets21/28 | €18,333 | €2,667 | €0 | - |
| Intangible fixed assets21 | €18,333 | - | - | - |
| Tangible fixed assets22/27 | - | €2,667 | €0 | - |
| Plant, machinery and equipment23 | - | - | €0 | - |
| Furniture and vehicles24 | - | €2,667 | - | - |
| Current assets29/58 | €63,738 | €7,639 | €6,166 | - |
| Amounts receivable within one year40/41 | €56,625 | €5,619 | €6,166 | - |
| Trade receivables40 | €46,190 | - | - | - |
| Other amounts receivable41 | €10,435 | €5,619 | €6,166 | - |
| Cash at bank and in hand54/58 | €4,854 | €2,020 | €0 | - |
| Deferred charges and accrued income490/1 | €2,259 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €82,072 | €10,306 | €6,166 | - |
| Equity10/15 | €11,161 | -€27,513 | -€28,427 | - |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | - |
| Profit (loss) carried forward14 | -€13,839 | -€52,513 | -€53,427 | - |
| Amounts payable17/49 | €70,910 | €37,819 | €34,593 | - |
| Amounts payable within one year42/48 | €70,910 | €37,819 | €34,593 | - |
| Financial debts43 | - | - | €1,458 | - |
| Credit institutions430/8 | - | - | €1,458 | - |
| Trade debts44 | €37,394 | €11,849 | €24,802 | - |
| Suppliers440/4 | €37,394 | €11,849 | €24,802 | - |
| Taxes, remuneration and social security45 | €276 | €15,822 | €1,396 | - |
| Taxes450/3 | €276 | €100 | €53 | - |
| Remuneration and social security454/9 | - | €15,722 | €1,342 | - |
| Other amounts payable47/48 | €33,241 | €10,148 | €6,937 | - |
| Line | 2021 | 2022 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,839 | -€38,674 | -€9,365 | - |
| + Depreciation and write-downs630 | €6,667 | €1,333 | €1,333 | - |
| Operating cash flow (approximation) | -€7,172 | -€37,341 | -€8,032 | - |
| Investment in fixed assets (approximation) | - | €14,333 | - | - |
| Change in cash | - | -€2,834 | - | - |
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
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
01-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 154 days late
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 247 days late
2022
31-12
Financial
Weakest financial yearnet -€38,674
Net result drops to -€38,674, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Antwerpen · 1 establishment unit since 2026
Ground area
89 m²
Building footprint
87 m²
Volume, LiDAR
756 m³
Parcel 11805E0506/00T026, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Irmaan Restaurant
since 20262.383.290.295
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0506/00T026 | Flanders | 89 m² | 1 · 87 m² | 14.1 m · 3 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 siteAntwerpen2.383.290.295
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MARO SPAIN
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 7,391 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
Founded22-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754741954
Registered
07-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.