GS60
ActiveThe computed 12-month bankruptcy probability of GS60 is 1.7% (moderate). The 2025 annual accounts show equity of €22k and a net result of €22k. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 13270 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-12
Solvency29▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.18 in 2024; short-term debt: 8.1% and cash: 5.5% of total assets), and 95.6% 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.
−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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.4%
Return on assets
4.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
18 d early
2024
15 d early
2023
27 d early
2022
25 d early
2021
20 d early
2020
30 d late
2019
56 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 117,561%
2024 · €19
2019: €-74k
2020: €-74k
2021: €-62k
2022: €-69k
2023: €-45k
2024: €19
2019 → 2025
Total assets
€496k▼ 6.4%
2024 · €530k
2019: €531k
2020: €529k
2021: €545k
2022: €507k
2023: €518k
2024: €530k
2019 → 2025
Net result
€22k▼ 50.9%
2024 · €45k
2019: €-93k
2020: €84
2021: €12k
2022: €-7k
2023: €24k
2024: €45k
2019 → 2025
Working capital
€-5k
2024 · €9k
2019: €-158k
2020: €-19k
2021: €-16k
2022: €-41k
2023: €-26k
2024: €9k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-62k-€-69k▼ 11.2%€-45k▲ 35.1%€19€22k▲ 117,561%
Operating result€28k-€8k▼ 70.3%€43k▲ 409%€66k▲ 55.3%€42k▼ 37.3%
Net result€12k-€-7k€24k€45k▲ 84.7%€22k▼ 50.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€460k▼ 2.3%
Current assets
€35k▼ 39.7%
Equity and liabilities €496k
Equity
€22k▲ 117,561%
Debt
€474k▼ 10.6%
The debt ratio falls from 100.0% to 95.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €83k
Cash flow
€38k▼
2024 · €61k
Solvency
4.4%▲
2024 · 0.0%
Current ratio
0.88▼
2024 · 1.18
Quick ratio
0.81▼
2024 · 1.12
Debt / equity
21.63
ROE
99.9%
ROA
4.4%▼
2024 · 8.4%
Interest coverage
2.92▼
2024 · 3.77
Debt
€474k▼
2024 · €530k
Debt ≤ 1 year
€40k▼
2024 · €50k
Debt > 1 year
€434k▼
2024 · €480k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€530k€496k▼
Fixed assets21/28€471k€460k▼
Tangible fixed assets22/27€471k€460k▼
Land and buildings22€460k€451k▼
Plant, machinery and equipment23€11k€9k▼
Current assets29/58€59k€35k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€9k€5k▼
Other amounts receivable41€15€53▲
Cash at bank and in hand54/58€47k€27k▼
Equity and liabilities
Total equity and liabilities10/49€530k€496k▼
Equity10/15€19€22k▲
Contributions10/11€19k€19k=
Reserves13-€3k
Distributable reserves133-€3k
Profit (loss) carried forward14€-19k-
Amounts payable17/49€530k€474k▼
Amounts payable after more than one year17€480k€434k▼
Financial debts170/4€480k€434k▼
Amounts payable within one year42/48€50k€40k▼
Current portion of amounts payable after more than one year42€26k€26k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€20k€11k▼
Suppliers440/4€20k€11k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€2k€932▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€86k€60k▼
Operating profit (loss)9901€66k€42k▼
Financial income75/76B€76€57▼
Recurring financial income75€76€57▼
Financial charges65/66B€22k€20k▼
Recurring financial charges65€22k€20k▼
Profit (loss) for the period before taxes9903€45k€22k▼
Profit (loss) for the period9904€45k€22k▼
Profit (loss) for the period to be appropriated9905€45k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€3k▲
Profit (loss) brought forward from the previous period14P€-63k€-19k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €45k ▲84.7%
Operating result €66k, net result €45k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.18
Current ratio from 0.53 to 1.18; short-term debt falls from €56k to €50k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €84
Net result €84 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 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, Merelbeke-Melle · 1 establishment unit since 2018
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.
Gaversesteenweg 609820 Merelbeke-MelleGround area
654 m²
Building footprint
86 m²
Volume, LiDAR
460 m³
Parcel 44043A0630/00V006, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Puur
since 20182.273.860.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0630/00V006 | Flanders | 654 m² | 1 · 86 m² | 8.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.273.860.934
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2018
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.