GRUSLIN - PATRICK
ActiveSummary
The computed 12-month bankruptcy probability of GRUSLIN - PATRICK is 2.0% (moderate). The 2025 annual accounts show equity of €102,600 and a net result of -€9,609. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 13617 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-50
Solvency100=
Growth47▼-17
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 12.54 against 5.28 in 2024; short-term debt: 7.8% and cash: 52.7% of total assets), and 7.8% of the assets are financed with debt.
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Signals
Four 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 →
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
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
29 d late
2022
29 d late
2021
3 d early
2020
26 d late
2019
74 d late
← 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 26 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 29 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€301,233=
2024 · €301,209
EBIT margin
-1.8%▼ 5.1pp
2024 · 3.3%
Net result
-€9,609
2024 · €4,304
Working capital
€100,254▼ 8.1%
2024 · €109,098
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
Turnover€256,249▲ 1.4%€297,708▲ 16.2%€312,065▲ 4.8%€301,209▼ 3.5%€301,233=
Operating result€20,927▲ 146%€21,106▲ 0.9%€17,843▼ 15.5%€9,913▼ 44.4%-€5,414
Net result€17,270within the sector's middle half▲ 431%€13,078within the sector's middle half▼ 24.3%€9,675within the sector's middle half▼ 26.0%€4,304within the sector's middle half▼ 55.5%-€9,609below the sector's middle half
EBIT margin8.2%▲ 4.8pp7.1%▼ 1.1pp5.7%▼ 1.4pp3.3%▼ 2.4pp-1.8%▼ 5.1pp
Equity€85,153above the sector's middle half▲ 25.4%€98,230above the sector's middle half▲ 15.4%€107,905above the sector's middle half▲ 9.8%€112,209above the sector's middle half▲ 4.0%€102,600above the sector's middle half▼ 8.6%
Total assets€130,297within the sector's middle half▼ 3.7%€137,369within the sector's middle half▲ 5.4%€133,621within the sector's middle half▼ 2.7%€137,689within the sector's middle half▲ 3.0%€111,288within the sector's middle half▼ 19.2%
Debt€45,145▼ 33.1%€39,139▼ 13.3%€25,716▼ 34.3%€25,480▼ 0.9%€8,689▼ 65.9%
Working capital€99,242above the sector's middle half▲ 10.7%€101,894above the sector's middle half▲ 2.7%€103,936above the sector's middle half▲ 2.0%€109,098above the sector's middle half▲ 5.0%€100,254above the sector's middle half▼ 8.1%
Solvency65.4%above the sector's middle half▲ 15.2pp71.5%above the sector's middle half▲ 6.2pp80.8%above the sector's middle half▲ 9.2pp81.5%above the sector's middle half▲ 0.7pp92.2%above the sector's middle half▲ 10.7pp
Current ratio4.95above the sector's middle half▲ 1.174.00above the sector's middle half▼ 0.955.04above the sector's middle half▲ 1.045.28above the sector's middle half▲ 0.2412.54above the sector's middle half▲ 7.26
Return on assets (ROA)13.3%within the sector's middle half▲ 10.9pp9.5%within the sector's middle half▼ 3.7pp7.2%within the sector's middle half▼ 2.3pp3.1%within the sector's middle half▼ 4.1pp-8.6%below the sector's middle half▼ 11.8pp
Staff (FTE)1=2.9▲ 190%2▼ 31.0%1▼ 50.0%2▲ 100%
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 turns negative in 2025: a loss of €5,414 after €9,913 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,288
Fixed assets
€2,346 ▼ 24.6%
Current assets
€108,942 ▼ 19.0%
Equity and liabilities €111,288
Equity
€102,600 ▼ 8.6%
Debt
€8,689 ▼ 65.9%
Debt's share of the balance-sheet total falls from 18.5% to 7.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,649▼
2024 · €10,770
Cash flow
-€8,844▼
2024 · €5,161
Quick ratio
12.31▲
2024 · 5.22
Debt to equity
0.08▼
2024 · 0.23
ROE
-9.4%▼
2024 · 3.8%
Interest coverage
-3.45▼
2024 · 11.13
Debt ≤ 1 year
€8,689▼
2024 · €25,480
Income taxes
€2,848▼
2024 · €4,641
Staff costs
€40,957▲
2024 · €38,496
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,321 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €256,249 | €297,708 | €312,065 | €301,209 | €301,233 | = |
| Non-recurring operating income76A | €160 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €202,882 | €235,650 | €254,266 | €249,632 | €238,159 | ▼ 4.6% |
| Remuneration, social security and pensions62 | €19,880 | €33,545 | €36,911 | €38,496 | €40,957 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,081 | €4,945 | €470 | €857 | €765 | ▼ 10.7% |
| Other operating charges640/8 | €4,634 | €2,467 | €2,793 | €2,858 | €3,081 | ▲ 7.8% |
| Non-recurring operating charges66A | €5 | €0 | €0 | €0 | €36,957 | ▲ 369,571,900% |
| Gross operating margin9900 | €53,527 | €62,063 | €58,016 | €52,124 | €76,346 | ▲ 46.5% |
| Operating profit (loss)9901 | €20,927 | €21,106 | €17,843 | €9,913 | -€5,414 | ▼ 155% |
| Financial charges65/66B | €2,185 | €959 | €1,074 | €968 | €1,347 | ▲ 39.2% |
| Recurring financial charges65 | €2,185 | €959 | €1,074 | €968 | €1,347 | ▲ 39.2% |
| Profit (loss) for the period before taxes9903 | €18,742 | €20,147 | €16,769 | €8,945 | -€6,761 | ▼ 176% |
| Income taxes67/77 | €1,472 | €7,069 | €7,094 | €4,641 | €2,848 | ▼ 38.6% |
| Profit (loss) for the period9904 | €17,270 | €13,078 | €9,675 | €4,304 | -€9,609 | ▼ 323% |
| Profit (loss) for the period to be appropriated9905 | €17,270 | €13,078 | €9,675 | €4,304 | -€9,609 | ▼ 323% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,297 | €137,369 | €133,621 | €137,689 | €111,288 | ▼ 19.2% |
| Fixed assets21/28 | €5,903 | €1,518 | €3,968 | €3,111 | €2,346 | ▼ 24.6% |
| Tangible fixed assets22/27 | €5,503 | €1,118 | €3,568 | €2,711 | €1,946 | ▼ 28.2% |
| Plant, machinery and equipment23 | €120 | - | €2,832 | €2,248 | €1,664 | ▼ 26.0% |
| Furniture and vehicles24 | €5,383 | €1,118 | €737 | €464 | €282 | ▼ 39.1% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €124,394 | €135,851 | €129,652 | €134,578 | €108,942 | ▼ 19.0% |
| Stocks and contracts in progress3 | €1,988 | €1,544 | €1,230 | €1,500 | €1,994 | ▲ 32.9% |
| Stocks30/36 | €1,988 | €1,544 | €1,230 | €1,500 | €1,994 | ▲ 32.9% |
| Amounts receivable within one year40/41 | €76,343 | €78,493 | €79,850 | €78,561 | €48,324 | ▼ 38.5% |
| Trade receivables40 | €3,494 | €2,436 | €3,610 | €1,935 | €8,566 | ▲ 343% |
| Other amounts receivable41 | €72,849 | €76,057 | €76,240 | €76,626 | €39,758 | ▼ 48.1% |
| Cash at bank and in hand54/58 | €46,063 | €55,814 | €48,572 | €54,517 | €58,624 | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,297 | €137,369 | €133,621 | €137,689 | €111,288 | ▼ 19.2% |
| Equity10/15 | €85,153 | €98,230 | €107,905 | €112,209 | €102,600 | ▼ 8.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,642 | €1,642 | €1,642 | €1,642 | €1,642 | = |
| Non-distributable reserves130/1 | €1,642 | €1,642 | €1,642 | €1,642 | €1,642 | = |
| Reserves not available under the articles1311 | €1,642 | €1,642 | €1,642 | €1,642 | €1,642 | = |
| Profit (loss) carried forward14 | €64,911 | €77,988 | €87,663 | €91,967 | €82,358 | ▼ 10.4% |
| Amounts payable17/49 | €45,145 | €39,139 | €25,716 | €25,480 | €8,689 | ▼ 65.9% |
| Amounts payable after more than one year17 | €19,993 | €5,182 | - | - | - | - |
| Financial debts170/4 | €19,993 | €5,182 | - | - | - | - |
| Amounts payable within one year42/48 | €25,152 | €33,957 | €25,716 | €25,480 | €8,689 | ▼ 65.9% |
| Current portion of amounts payable after more than one year42 | €1,009 | €1,349 | €4,327 | €3,446 | €3,515 | ▲ 2.0% |
| Trade debts44 | €15,934 | €24,992 | €11,018 | €7,804 | - | - |
| Suppliers440/4 | €15,934 | €24,992 | €11,018 | €7,804 | - | - |
| Taxes, remuneration and social security45 | €8,208 | €7,617 | €10,370 | €14,231 | €5,173 | ▼ 63.6% |
| Taxes450/3 | €4,651 | €5,711 | €6,724 | €8,435 | €1,850 | ▼ 78.1% |
| Remuneration and social security454/9 | €3,558 | €1,906 | €3,646 | €5,796 | €3,324 | ▼ 42.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,270 | €13,078 | €9,675 | €4,304 | -€9,609 | ▼ 323% |
| + Depreciation and write-downs630 | €8,081 | €4,945 | €470 | €857 | €765 | ▼ 10.7% |
| Operating cash flow (approximation) | €25,351 | €18,023 | €10,145 | €5,161 | -€8,844 | ▼ 271% |
| Investment in fixed assets (approximation) | - | -€560 | -€2,920 | €0 | €0 | - |
| Change in cash | - | €9,751 | -€7,242 | €5,944 | €4,108 | ▼ 30.9% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 12.54
Current ratio from 5.28 to 12.54; short-term debt falls from €25,480 to €8,689.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €100,000Eq €107,905 ▲9.8%
4 profitable years in a row build equity to €107,905.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €17,270 ▲431%
Net result €17,270, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €3,252
Net result €3,252 after 2 loss-making years.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Weakest financial yearnet -€11,092
Net result drops to -€11,092, the lowest in the series; recovery starts the following year.
Show earlier events
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 1991
Ground area
209 m²
Building footprint
114 m²
Volume, LiDAR
1,361 m³
Parcel 21447B0312/00G004, Brussels · tallest building 22.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Georges Brugmannplein 32, 1050 Elsene
since 19912.054.077.245
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0312/00G004 | Brussels | 208 m² | 1 · 113 m² | 22.6 m · 4 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 siteElsene2.054.077.245
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 9,543 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)
Founded26-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444042838
Also
9925:BE0444042838
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.