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GODSPEED

Active
Public limited companyfounded 2019active for 6 yearsMoerstraat 42, 8000 Brugge, BelgiumKBO/BCE: BE 0736.737.368
Summary

The computed 12-month bankruptcy probability of GODSPEED is 3.5% (moderate). The 2024 annual accounts show negative equity (-€122,525) and a net result of -€69,574. Equity is shrinking by about 76% per year across the filed financial years. Its solvency ranks better than 28% of 1,857 sector peers (NACE 55, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Guest rooms (bed and breakfast)
NACE 55204
1 site
Size
€4.3mtotal assets 2024
Equity
-€122,525
Loss
-€69,574
Turnover not published (abbreviated or micro format)
Financial health
49 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.5%
Structure
Parent
LIVE A LITTLE · 100%
Accounts 71 days overdue0 of 1 deed read
Why 49raises riskLiquidity: current ratio 0.50Figures for financial year 2024 (filed 28-08-2025)Negative equity -€122,525lowers riskSize: total assets €4.3mShow the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 35% of its sector peers (NACE 55, small)
Financial strength · tick = 2023
Average
Solvency 22-2
equity -2.8% of total assets
Liquidity 100+1
short-term debt 6.9%
Profitability 17+1
return on assets -1.6%
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (579 companies, NACE 55, small)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● unchanged vs 11-2024 01-2025: 1.9%● unchanged vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 2.2%▲ +0.3 percentage points vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.2%● unchanged vs 05-2025 07-2025: 2.2%● unchanged vs 06-2025 08-2025: 2.7%▲ +0.5 percentage points vs 07-2025 09-2025: 1.3%▼ -1.4 percentage points vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025lowest value 11-2025: 1.3%● unchanged vs 10-2025lowest value 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 1.9%▲ +0.6 percentage points vs 07-2026 09-2026: 2.2%▲ +0.3 percentage points vs 08-2026 10-2026: 3.5%▲ +1.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.5, compared with 0.03 in 2023; short-term debt: 6.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small): better than 18% on solvency, 99% on liquidity, 17% on profitability and 5% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.50
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 28-08-2025)
NBB · annual accounts
lowers risk · Size: total assets €4.3m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€122,525
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year -€122,525
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
26 days late
2023
6 days late
2022
28 days early
2021
57 days late
2020
27 days 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 18 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Weakest financial yearnet -€92,017

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€122,525 View
  • Risk: 5 loss-making years in a rowloss financial year 2024 -€69,574 View
  • Caution: Equity fell in 2024from -€52,951 to -€122,525 ▼ 131% View
  • Caution: Among the weakest 9% on net resultsector median €1,679 · 1,856 companies -€69,574 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Controlled by LIVE A LITTLE 100% View

By topic

Financials

Financial year
2024
Total assets
€4.3m
Loss
-€69,574
Solvency
-2.8%
Total assets▲ 18.4%
Net result
20202024
Go to Financials

Timeline

Events
6
Since
2021
  1. 03-07-2023Annual accounts filed
  2. 26-09-2022Annual accounts filed
  3. 27-08-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Guest rooms (bed and breakfast)NACE 55204
Founded
24-10-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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