Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €22,112 in 2024.
Of this, €194,107 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 169.8% higher than in 2024.
In 2025, 473 short contracts started and 460 ended, on average 39 hours worked per contract. Staff averaged 9.4 full-time equivalents.
Lower net result than 95% of companies in retail trade. Sector median €27,482 · 12,825 companies.
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 47, micro). It does better than 13% of them on solvency, 28% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,907 companies had the same profile as GOUT ET PASSION has now. Each dot stands for 18 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GOUT ET PASSION itself: 7.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for GOUT ET PASSION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.6 (1.21 in 2024), below 1. Short-term debt is 90.2% and cash 25% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GOUT ET PASSION Seneffe | €215,145 | €315,196 | -22.4% | 9.4 |
| UGOLPHI Namur | €255,615 | €254,548 | -4.9% | 8.7 |
| Zispa Retail Grimbergen | €252,317 | €421,301 | -26.0% | 8.9 |
| A.D.F Anhée | €279,510 | €259,142 | 20.6% | 9.3 |
| MELONAT Ecaussinnes | €301,565 | €410,871 | -27.8% | 10.7 |
| D.VISION Ixelles | €257,654 | €226,220 | -54.6% | 8.5 |
| HTLR Retail Tessenderlo | €334,437 | €355,466 | 14.5% | 8.8 |
These companies have the same main activity as GOUT ET PASSION: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €252,000 and €334,000, founded between 2014 and 2018.
GOUT ET PASSION files the abbreviated format. That format states no turnover. The gross margin rose from €152,713 in 2016 to €315,196 in 2025.
IT Dreamers holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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