GOWI
ActiveSummary
The computed 12-month bankruptcy probability of GOWI is 3.3% (moderate). The 2025 annual accounts show negative equity (-€14,774) and a net result of -€4,372. Equity is shrinking by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 13604 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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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
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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€14,774
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
21 d late
2023
20 d early
2022
24 d late
2021
11 d early
2020
31 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 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 (2)
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. Usually files around 20 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€14,774▼ 42.0%
2024 · -€10,403
Total assets
€1,379▼ 92.1%
2024 · €17,553
Net result
-€4,372▲ 74.4%
2024 · -€17,083
Working capital
-€15,637
2024 · €4,223
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,542▼ 79.0%-€17,610-€14,728▲ 16.4%-€15,987▼ 8.5%-€4,199▲ 73.7%
Net result-€3,680below the sector's middle half-€20,258below the sector's middle half▼ 450%-€17,032below the sector's middle half▲ 15.9%-€17,083below the sector's middle half▼ 0.3%-€4,372within the sector's middle half▲ 74.4%
Equity€43,970within the sector's middle half▼ 7.7%€23,712within the sector's middle half▼ 46.1%€6,680within the sector's middle half▼ 71.8%-€10,403below the sector's middle half-€14,774below the sector's middle half▼ 42.0%
Total assets€125,141within the sector's middle half▼ 12.1%€95,218within the sector's middle half▼ 23.9%€70,667within the sector's middle half▼ 25.8%€17,553below the sector's middle half▼ 75.2%€1,379below the sector's middle half▼ 92.1%
Debt€81,171▼ 14.4%€71,505▼ 11.9%€63,986▼ 10.5%€27,955▼ 56.3%€16,153▼ 42.2%
Working capital€28,456within the sector's middle half▲ 2.0%€6,932within the sector's middle half▼ 75.6%-€8,481within the sector's middle half€4,223within the sector's middle half-€15,637within the sector's middle half
Solvency35.1%within the sector's middle half▲ 1.7pp24.9%within the sector's middle half▼ 10.2pp9.5%within the sector's middle half▼ 15.5pp-59.3%below the sector's middle half▼ 68.7pp
Current ratio1.74within the sector's middle half▲ 0.041.17within the sector's middle half▼ 0.570.82within the sector's middle half▼ 0.351.38within the sector's middle half▲ 0.56
Return on assets (ROA)-2.9%within the sector's middle half▼ 5.8pp-21.3%below the sector's middle half▼ 18.3pp-24.1%below the sector's middle half▼ 2.8pp-97.3%below the sector's middle half▼ 73.2pp
Staff (FTE)3.9▲ 44.4%2.9▼ 25.6%1.7▼ 41.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,199 in 2025 against €15,987 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1,379
Fixed assets
€863 ▼ 60.6%
Current assets
€516 ▼ 96.6%
Key figures and ratios
EBITDA
-€3,212▼
2024 · -€749
Cash flow
-€3,384▼
2024 · -€1,845
Interest coverage
-18.64▼
2024 · -0.68
Debt ≤ 1 year
€16,153▲
2024 · €11,138
Ratios withheld: a balance sheet total of €1,379 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,940 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,820 | €6,605 | €3,785 | €2,267 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,529 | €15,330 | €15,340 | €15,238 | €987 | ▼ 93.5% |
| Other operating charges640/8 | €569 | €841 | €1,065 | €651 | €544 | ▼ 16.4% |
| Non-recurring operating charges66A | - | - | - | €14,281 | - | - |
| Gross operating margin9900 | €31,460 | €5,165 | €5,462 | €16,451 | -€2,668 | ▼ 116% |
| Operating profit (loss)9901 | €2,542 | -€17,610 | -€14,728 | -€15,987 | -€4,199 | ▲ 73.7% |
| Financial income75/76B | - | €244 | - | €10 | - | - |
| Recurring financial income75 | - | €244 | - | €10 | - | - |
| Financial charges65/66B | €2,469 | €2,800 | €2,304 | €1,106 | €172 | ▼ 84.4% |
| Recurring financial charges65 | €2,469 | €2,800 | €2,304 | €1,106 | €172 | ▼ 84.4% |
| Profit (loss) for the period before taxes9903 | €73 | -€20,166 | -€17,032 | -€17,083 | -€4,372 | ▲ 74.4% |
| Income taxes67/77 | €3,753 | €92 | - | - | - | - |
| Profit (loss) for the period9904 | -€3,680 | -€20,258 | -€17,032 | -€17,083 | -€4,372 | ▲ 74.4% |
| Profit (loss) for the period to be appropriated9905 | -€3,680 | -€20,258 | -€17,032 | -€17,083 | -€4,372 | ▲ 74.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,141 | €95,218 | €70,667 | €17,553 | €1,379 | ▼ 92.1% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €57,998 | €46,617 | €31,978 | €2,191 | €863 | ▼ 60.6% |
| Tangible fixed assets22/27 | €57,903 | €46,522 | €31,883 | €2,096 | €863 | ▼ 58.8% |
| Land and buildings22 | €970 | €478 | €239 | €0 | - | - |
| Plant, machinery and equipment23 | €56,303 | €41,850 | €28,499 | - | - | - |
| Furniture and vehicles24 | - | €3,825 | €2,838 | €1,850 | €863 | ▼ 53.4% |
| Other tangible fixed assets26 | €629 | €369 | €308 | €246 | - | - |
| Financial fixed assets28 | €95 | €95 | €95 | €95 | - | - |
| Current assets29/58 | €67,144 | €48,601 | €38,688 | €15,362 | €516 | ▼ 96.6% |
| Stocks and contracts in progress3 | €6,070 | €4,947 | €4,462 | - | - | - |
| Stocks30/36 | €6,070 | €4,947 | €4,462 | - | - | - |
| Amounts receivable within one year40/41 | €55,853 | €41,555 | €33,961 | €12,129 | €506 | ▼ 95.8% |
| Trade receivables40 | €19,360 | €19,882 | €20,112 | €300 | - | - |
| Other amounts receivable41 | €36,493 | €21,673 | €13,849 | €11,829 | €506 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €5,221 | €2,099 | €266 | €3,233 | €10 | ▼ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,141 | €95,218 | €70,667 | €17,553 | €1,379 | ▼ 92.1% |
| Equity10/15 | €43,970 | €23,712 | €6,680 | -€10,403 | -€14,774 | ▼ 42.0% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €30,139 | €30,139 | €30,139 | €30,139 | €30,139 | = |
| Non-distributable reserves130/1 | €1,507 | €1,507 | €1,507 | €1,507 | €1,507 | = |
| Reserves not available under the articles1311 | €1,507 | €1,507 | €1,507 | €1,507 | €1,507 | = |
| Distributable reserves133 | €28,632 | €28,632 | €28,632 | €28,632 | €28,632 | = |
| Profit (loss) carried forward14 | €1,431 | -€18,827 | -€35,859 | -€52,942 | -€57,314 | ▼ 8.3% |
| Amounts payable17/49 | €81,171 | €71,505 | €63,986 | €27,955 | €16,153 | ▼ 42.2% |
| Amounts payable after more than one year17 | €42,483 | €29,837 | €16,817 | €16,817 | - | - |
| Financial debts170/4 | €42,483 | €29,837 | €16,817 | €16,817 | - | - |
| Amounts payable within one year42/48 | €38,688 | €41,668 | €47,169 | €11,138 | €16,153 | ▲ 45.0% |
| Current portion of amounts payable after more than one year42 | €12,283 | €12,646 | €13,020 | €4,382 | - | - |
| Trade debts44 | €25,776 | €28,198 | €32,894 | €5,752 | - | - |
| Suppliers440/4 | €25,776 | €28,198 | €32,894 | €5,752 | - | - |
| Taxes, remuneration and social security45 | €629 | €824 | €1,255 | €1,004 | - | - |
| Taxes450/3 | €351 | €350 | €1,200 | €1,004 | - | - |
| Remuneration and social security454/9 | €278 | €474 | €55 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €16,153 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,680 | -€20,258 | -€17,032 | -€17,083 | -€4,372 | ▲ 74.4% |
| + Depreciation and write-downs630 | €16,529 | €15,330 | €15,340 | €15,238 | €987 | ▼ 93.5% |
| Operating cash flow (approximation) | €12,849 | -€4,928 | -€1,692 | -€1,845 | -€3,384 | ▼ 83.5% |
| Investment in fixed assets (approximation) | - | -€3,949 | -€702 | €14,549 | €341 | ▼ 97.7% |
| Change in cash | - | -€3,122 | -€1,833 | €2,967 | -€3,223 | ▼ 209% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet -€20,258
Net result drops to -€20,258, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6,655
Net result €6,655 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Deinze · 1 establishment unit since 2008
Ground area
913 m²
Building footprint
151 m²
Volume, LiDAR
932 m³
Parcel 44054A0162/00R000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
De Watertoren
since 20082.172.047.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0162/00R000 | Flanders | 913 m² | 1 · 151 m² | 7.3 m · 2 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.
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 5,938 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 (pre-2019)
Founded03-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899034897
Also
9925:BE0899034897
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.