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GNAK

Active
Private limited companyfounded 20241 yr activeChaussée de Nivelles 10, 1410 Waterloo, BelgiumKBO/BCE: BE 1016.999.567
Summary

The computed 12-month bankruptcy probability of GNAK is 1.7% (moderate). The 2025 annual accounts show equity of €88 and a net result of -€15,912. Its solvency ranks better than 23% of 18537 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency25
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.15; short-term debt: 40.3% and cash: 4.6% of total assets), and 99.9% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
0.1%
Return on assets
-16.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18537 sector peers (2025).
NBB · sector comparison
Position among 18537 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GNAK was incorporated on 5 December 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€88
Total assets
€97,987
Net result
-€15,912
Working capital
€5,847

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €97,987
Fixed assets €52,617
Current assets €45,369
Equity and liabilities €97,987
Equity €88
Debt €97,898
Debt finances 99.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€113
Cash flow
-€6,244
Current ratio
1.15
Quick ratio
0.52
ROA
-16.2%
Interest coverage
-0.02
Debt ≤ 1 year
€39,522
Debt > 1 year
€58,376
Staff costs
€4,300
Equity ratios withheld: equity of €88 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 167 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 89% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
3.6% went bankrupt
6.6% stopped otherwise
89% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 167 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
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€97,987
Fixed assets21/28€52,617
Tangible fixed assets22/27€41,717
Plant, machinery and equipment23€21,133
Other tangible fixed assets26€20,585
Financial fixed assets28€10,900
Current assets29/58€45,369
Stocks and contracts in progress3€24,629
Stocks30/36€24,629
Amounts receivable within one year40/41€16,282
Trade receivables40€15,918
Other amounts receivable41€364
Cash at bank and in hand54/58€4,459
Equity and liabilities
Total equity and liabilities10/49€97,987
Equity10/15€88
Contributions10/11€16,000
Profit (loss) carried forward14-€15,912
Amounts payable17/49€97,898
Amounts payable after more than one year17€58,376
Financial debts170/4€58,376
Amounts payable within one year42/48€39,522
Current portion of amounts payable after more than one year42€9,657
Financial debts43€938
Credit institutions430/8€938
Trade debts44€11,998
Suppliers440/4€11,998
Advances received on contracts in progress46€98
Taxes, remuneration and social security45€3,865
Taxes450/3€3,369
Remuneration and social security454/9€496
Other amounts payable47/48€12,966
Income statement Code2025
Goods, raw materials, services and sundry goods60/61€387,435
Remuneration, social security and pensions62€4,300
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,668
Other operating charges640/8€1,868
Gross operating margin9900€6,054
Operating profit (loss)9901-€9,782
Financial income75/76B€87
Recurring financial income75€87
Financial charges65/66B€6,217
Recurring financial charges65€6,217
Profit (loss) for the period before taxes9903-€15,912
Profit (loss) for the period9904-€15,912
Profit (loss) for the period to be appropriated9905-€15,912
Appropriation of the result
Profit (loss) to be appropriated9906-€15,912

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Goods, raw materials, services and sundry goods60/61€387,435
Remuneration, social security and pensions62€4,300
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,668
Other operating charges640/8€1,868
Gross operating margin9900€6,054
Operating profit (loss)9901-€9,782
Financial income75/76B€87
Recurring financial income75€87
Financial charges65/66B€6,217
Recurring financial charges65€6,217
Profit (loss) for the period before taxes9903-€15,912
Profit (loss) for the period9904-€15,912
Profit (loss) for the period to be appropriated9905-€15,912
Line2025
Assets
Total assets20/58€97,987
Fixed assets21/28€52,617
Tangible fixed assets22/27€41,717
Plant, machinery and equipment23€21,133
Other tangible fixed assets26€20,585
Financial fixed assets28€10,900
Current assets29/58€45,369
Stocks and contracts in progress3€24,629
Stocks30/36€24,629
Amounts receivable within one year40/41€16,282
Trade receivables40€15,918
Other amounts receivable41€364
Cash at bank and in hand54/58€4,459
Equity and liabilities
Total equity and liabilities10/49€97,987
Equity10/15€88
Contributions10/11€16,000
Profit (loss) carried forward14-€15,912
Amounts payable17/49€97,898
Amounts payable after more than one year17€58,376
Financial debts170/4€58,376
Amounts payable within one year42/48€39,522
Current portion of amounts payable after more than one year42€9,657
Financial debts43€938
Credit institutions430/8€938
Trade debts44€11,998
Suppliers440/4€11,998
Advances received on contracts in progress46€98
Taxes, remuneration and social security45€3,865
Taxes450/3€3,369
Remuneration and social security454/9€496
Other amounts payable47/48€12,966
Line2025
Profit (loss) for the period9904-€15,912
+ Depreciation and write-downs630€9,668
Operating cash flow (approximation)-€6,244

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
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, Waterloo · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
664 m²
Building footprint
147 m²
Volume, LiDAR
607 m³
Parcel 25764Q0159/00D000, Wallonia · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BRAZILIAN MARKET
Chaussée de Nivelles 10, 1410 WaterlooRetail trade
since 20242.368.194.127
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764Q0159/00D000 Wallonia 664 m² 1 · 147 m² 5.6 m · 1 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 site
Waterloo2.368.194.127
2 permissions
Toelating · Detailhandel · since 01-03-2025
Toelating · Eetgelegenheid · since 01-03-2025

Similar companies · same sector, comparable size

Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 96 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
Founded05-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1016999567
Also 9925:BE1016999567
Registered 28-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.