GRUSLIN - PATRICK · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GRUSLIN - PATRICK is 2.0% (moderate). The 2024 annual accounts show equity of €112k and a net result of €4k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 5615 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 5615 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	25-07-2025	6 d early	2025-00317852
31-12-2023	31-07-2024	29-08-2024	29 d late	2024-00400448
31-12-2022	31-07-2023	29-08-2023	29 d late	2023-00365800
31-12-2021	31-07-2022	28-07-2022	3 d early	2022-20235238
31-12-2020	31-07-2021	26-08-2021	26 d late	2021-54100379
31-12-2019	31-07-2020	13-10-2020	74 d late	2020-61100329
31-12-2018	31-07-2019	16-08-2019	16 d late	2019-46800455
31-12-2017	31-07-2018	27-08-2018	27 d late	2018-52100343
31-12-2016	31-07-2017	24-07-2017	7 d early	2017-34900453
31-12-2015	31-07-2016	16-08-2016	16 d late	2016-43000253

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1991, 35 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€301k-3.5%

EBIT margin3.3%-2.4pp

Net result€4k-55.5%

Working capital€109k+5.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 25-07-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~33.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	81.5%	19.3%	better than 95% of 5615 sector peers
Net result	€4k	€4k	better than 51% of 5603 sector peers
Equity	€112k	€14k	better than 91% of 5626 sector peers
Gross operating margin	€52k	€52k	better than 50% of 5589 sector peers
Staff costs	€38k	€49k	higher than 43% of 4064 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Improving position over 2020-2024 · n=1290-5615

Net result P51

Stable position over 2020-2024 · n=1282-5603

Equity P91

Stable position over 2020-2024 · n=1294-5626

Gross operating margin P50

Stable position over 2020-2024 · n=1277-5589

Describes the position versus peers, not a forecast.

Revenue

€301k

-3.5% 18-24

EBITDA

€11k

-41.2% 18-24

Net profit

€4k

-55.5% 18-24

Cash flow

€5k

-49.1% 18-24

Total assets

€138k

+3.0% 18-24

Equity

€112k

+4.0% 18-24

Working capital

€109k

+5.0% 18-24

Employees (FTE)

1

-50.0% 18-24

Staff costs

€38k

+4.3% 18-24

Income taxes

€5k

-34.6% 18-24

Debt

€25k

-0.9% 18-24

Debt ≤ 1y

€25k

-0.9% 18-24

Debt > 1y

€5k

-74.1% 18-24

Current ratio

5.28

+4.8% 18-24

Quick ratio

5.22

+4.6% 18-24

Solvency

81.5%

+0.9% 18-24

Debt / equity

0.23

-4.7% 18-24

ROE

3.8%

-57.2% 18-24

ROA

3.1%

-56.8% 18-24

Net margin

1.4%

-53.9% 18-24

EBITDA margin

3.6%

-39.1% 18-24

Interest coverage

11.13

-34.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€301k
EBITDA	€11k
Net profit	€4k
Cash flow	€5k
Staff costs	€38k
Income taxes	€5k
Dividends	-
Total assets	€138k
Equity	€112k
Debt	€25k
of which ≤ 1y	€25k
of which > 1y	-
Working capital	€109k
Employees (FTE)	1.0

Ratios (computed)

	2024
Current ratio	5.28
Quick ratio	5.22
Working capital ratio	79.2%
Solvency	81.5%
Debt / equity	0.23
Long-term debt ratio	-
Interest coverage	11.13
Gross margin	17.1%
Net margin	1.4%
ROA	3.1%
ROE	3.8%
EBITDA margin	3.6%
Days sales outstanding	2d
Days payable outstanding	11d
Inventory turnover	166.42
Days inventory (DSI)	2d

Balance-sheet composition 2024

Assets

Fixed assets €3k · 2.3% Current assets €135k · 97.7%

Equity & liabilities

Equity €112k · 81.5% Debt €25k · 18.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€138k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€3k
Financial fixed assets	28	€400
Current assets	29/58	€135k
Stocks & contracts in progress	3	€2k
Amounts receivable within one year	40/41	€79k
Cash & bank	54/58	€55k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€138k
Equity	10/15	€112k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€92k
Amounts payable	17/49	€25k
Amounts payable within one year	42/48	€25k
Trade debts payable within one year	44	€8k
Income statement
Turnover	70	€301k
Gross operating margin	9900	€52k
Operating result	9901	€10k
Financial charges	65	€968
Result before taxes	9903	€9k
Income taxes	67/77	€5k
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

88 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

Georges Brugmannplein 32, 1050 Elsene

de kleinhandel in nieuwe en gebruikte auto's voor personenvervoer,inclusief die voor bijzondere doeleinden (vb ambulances)

since 19912.054.077.245

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area209 m²

Buildings1

Building footprint114 m²

Volume (LiDAR)1,361 m³

Tallest building22.6 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21447B0312/00G004	Brussels	208 m²	1 · 113 m²	22.6 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

72 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 88

Profitability 23

Solvency 100

Growth 47

Stability 100

Credit advice

verdict per customer and amount

Similar

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Comparable size, same sector

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We hold annual accounts for 2,982 of the 20,277 companies in this sector. 2,317 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in brood-, banketbakkerswerk en suikerwerk52240Restaurants van het traditionele type55301Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111

Primary activity highlighted.

Names & trade names

Legal nameFR

GRUSLIN - PATRICK

Registered office

Georges Brugmannplein 32

1050 Elsene, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.