GREAT LAKE
ActiveThe computed 12-month bankruptcy probability of GREAT LAKE is 4.0% (moderate). The annual accounts of GREAT LAKE for fiscal year 2024 show a net loss of 60% of the equity at the start of that year. The 2024 annual accounts show equity of €21k and a net result of €-32k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 1762 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability26▲+26
Solvency27▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.16 against 0.38 in 2023; short-term debt: 5.8% and cash: 0.9% of total assets), and 98.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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
1.6%
Return on assets
-2.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-32k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
30 d late
2022
46 d early
2021
71 d late
2020
51 d late
2019
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-32k▲ 87.5%
2023 · €-252k
2018: €55k
2019: €8k
2020: €-1k
2021: €-1k
2022: €54k
2023: €-252k
2018 → 2024
Working capital
€-64k▼ 84.4%
2023 · €-35k
2018: €56k
2019: €64k
2020: €58k
2021: €70k
2022: €124k
2023: €-35k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€71k-€70k▼ 1.9%€124k▲ 77.1%€53k▼ 57.4%€21k▼ 59.9%
Operating result€-4k-€11k€54k▲ 409%€-220k€28k
Net result€-1k-€-1k▼ 9.3%€54k€-252k€-32k▲ 87.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €28k after a loss of €220k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.33M
Fixed assets
€1.32M▼ 3.4%
Current assets
€13k▼ 41.7%
Equity and liabilities €1.33M
Equity
€21k▼ 59.9%
Debt
€1.31M▼ 1.8%
The debt ratio rises from 96.2% to 98.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75k▲
2023 · €-7k
Cash flow
€15k▲
2023 · €-39k
Solvency
1.6%▼
2023 · 3.8%
Current ratio
0.16▼
2023 · 0.38
Quick ratio
0.16▼
2023 · 0.38
Debt / equity
61.87▲
2023 · 25.27
ROE
-149.2%▲
2023 · -478.0%
ROA
-2.4%▲
2023 · -18.2%
Interest coverage
1.25▲
2023 · -0.21
Debt
€1.31M▼
2023 · €1.33M
Debt ≤ 1 year
€77k▲
2023 · €56k
Debt > 1 year
€1.22M▼
2023 · €1.27M
Income taxes
€0▼
2023 · €4
Staff costs
€69▼
2023 · €447
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.39M€1.33M▼
Fixed assets21/28€1.37M€1.32M▼
Tangible fixed assets22/27€1.37M€1.32M▼
Land and buildings22€1.37M€1.32M▼
Current assets29/58€22k€13k▼
Amounts receivable within one year40/41€14k€0▼
Other amounts receivable41€14k€0▼
Cash at bank and in hand54/58€2k€12k▲
Deferred charges and accrued income490/1€5k€659▼
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.33M▼
Equity10/15€53k€21k▼
Contributions10/11€200k€200k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-149k€-181k▼
Amounts payable17/49€1.33M€1.31M▼
Amounts payable after more than one year17€1.27M€1.22M▼
Financial debts170/4€1.06M€1.00M▼
Other amounts payable178/9€217k€217k=
Amounts payable within one year42/48€56k€77k▲
Current portion of amounts payable after more than one year42€44k€55k▲
Trade debts44€12k€22k▲
Suppliers440/4€12k€22k▲
Other amounts payable47/48€306€306=
Accrued charges and deferred income492/3€6k€17k▲
Income statement
Code20232024
Remuneration, social security and pensions62€447€69▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€214k€46k▼
Other operating charges640/8€21k€48k▲
Gross operating margin9900€15k€123k▲
Operating profit (loss)9901€-220k€28k▲
Financial income75/76B€12€0▼
Recurring financial income75€12€0▼
Financial charges65/66B€32k€60k▲
Recurring financial charges65€32k€60k▲
Profit (loss) for the period before taxes9903€-252k€-32k▲
Income taxes67/77€4€0▼
Profit (loss) for the period9904€-252k€-32k▲
Profit (loss) for the period to be appropriated9905€-252k€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-149k€-181k▼
Profit (loss) brought forward from the previous period14P€103k€-149k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 32 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-252k ▼568%
Net result drops to €-252k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €54k
Net result €54k after 2 loss-making years.
31-12
Financial
Liquidity times 18current ratio 103.71
Current ratio from 5.86 to 103.71; short-term debt falls from €14k to €1k.
31-12
Financial
Equity above €100kEq €124k ▲77.1%
Equity rises from €70k to €124k.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 71 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 51 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 5.85
Current ratio from 1.52 to 5.85; short-term debt falls from €124k to €12k.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spaarbekkenstraat 101130 BrusselGround area
3,768 m²
Building footprint
975 m²
Volume, LiDAR
6,474 m³
Parcel 21821B0141/00Z000, Brussels · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Spaarbekkenstraat 10, 1130 Brussel
since 20162.254.765.493
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821B0141/00Z000 | Brussels | 3,768 m² | 1 · 975 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RL & DRI
BE 1000.587.959
Sint-Genesius-Rode · Eq €21k
ROADKING
BE 0787.209.339
Genk · Eq €21k
LBR
BE 0834.290.961
Knokke-Heist · Eq €21k
FOODARTS
BE 0770.509.503
Liège · Eq €21k
ASM 2.0
BE 0696.719.623
Mons · Eq €21k
Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 8,903 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.