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GSSD

Open bankruptcy
Private limited companyfounded 2022Louizalaan 54, 1050 Elsene, BelgiumKBO/BCE: BE 0787.500.834

A bankruptcy procedure is open for GSSD according to publications in the Belgian State Gazette; curator: ROMAN AYDOGDU.

Summary

The 2024 annual accounts show negative equity (-€216,638) and a net result of €1,554.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
French-language Enterprise Court of Brussels
Declared bankrupt
2 February 2026
Supervising judge
Bernard Goblet
Official Gazette
04-05-2026 (pdf) ↗search the document for 2026/001141

Curator

  • Roman Aydogdu4000 Liege, Rue Lou- Vrex 55-57aydogdu.faillites@mosal.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 18930 sector peers (2024).
NBB · sector comparison
Position among 18930 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-09-2025, 51 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
51 d late
2023
30 d late
2022
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 17 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 June 2022, GSSD was incorporated as a Private limited company.1 Total assets went from EUR 336,587 in 2022 to EUR 174,570 in 2024 and headcount from 1 to 1.6 full-time equivalents.2 The company was declared bankrupt on 2 February 2026.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024
  3. 3Belgian State Gazette, 04-05-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Turnover
€281,364▲ 311%
2022 · €68,488
EBIT margin
-64.2%▼ 6.2pp
2022 · -58.1%
Net result
€1,554
2023 · -€182,419
Working capital
-€381,680▲ 11.4%
2023 · -€430,688
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Turnover€68,488-€281,364▲ 311%
Operating result-€39,760--€180,650▼ 354%€2,129
Net result-€39,773--€182,419▼ 359%€1,554
EBIT margin-58.1%--64.2%▼ 6.2pp
Equity-€35,773--€218,192▼ 510%-€216,638▲ 0.7%
Total assets€336,587-€235,868▼ 29.9%€174,570▼ 26.0%
Debt€372,359-€454,060▲ 21.9%€391,208▼ 13.8%
Working capital-€290,310--€430,688▼ 48.4%-€381,680▲ 11.4%
Staff (FTE)1-2▲ 100%1.6▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€150,000-€100,000-€50,000€0Operating result 2022: -€39,760-€39,760Net result 2022: -€39,773-€39,773Operating result 2023: -€180,650-€180,650Net result 2023: -€182,419-€182,419Operating result 2024: €2,129€2,129Net result 2024: €1,554€1,554202220232024-€200,000-€150,000-€100,000-€50,000€0Operating result 2022: -€39,760-€39,800Net result 2022: -€39,773-€39,800Operating result 2023: -€180,650-€181,000Net result 2023: -€182,419-€182,000Operating result 2024: €2,129€2,130Net result 2024: €1,554€1,550202220232024
The operating result returns to profit in 2024: €2,129 after a loss of €180,650 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €174,570
Fixed assets €165,042 ▼ 22.3%
Current assets €9,528 ▼ 59.2%
Key figures and ratios
2024 value · change against 2023
EBITDA
€49,583▲
2023 · -€133,715
Cash flow
€49,008▲
2023 · -€135,483
Solvency
-124.1%▼
2023 · -92.5%
Current ratio
0.02▼
2023 · 0.05
Quick ratio
0.00▼
2023 · 0.02
Debt to equity
-1.81▲
2023 · -2.08
ROA
0.9%▲
2023 · -77.3%
Interest coverage
37.92▲
2023 · -75.60
Debt ≤ 1 year
€391,208▼
2023 · €454,060
Staff costs
€88,255▲
2023 · €87,059
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€235,868€174,570▼
Fixed assets21/28€212,497€165,042▼
Tangible fixed assets22/27€212,419€164,964▼
Land and buildings22€103,455€75,131▼
Plant, machinery and equipment23€22,399€17,656▼
Furniture and vehicles24€24,006€17,161▼
Other tangible fixed assets26€62,559€55,017▼
Financial fixed assets28€78€78=
Current assets29/58€23,372€9,528▼
Stocks and contracts in progress3€12,145€8,423▼
Stocks30/36€12,145€8,423▼
Amounts receivable within one year40/41€7,748-
Trade receivables40€7,748-
Cash at bank and in hand54/58€3,318€1,104▼
Deferred charges and accrued income490/1€160-
Equity and liabilities
Total equity and liabilities10/49€235,868€174,570▼
Equity10/15-€218,192-€216,638▲
Contributions10/11€4,000€4,000=
Profit (loss) carried forward14-€222,192-€220,638▲
Amounts payable17/49€454,060€391,208▼
Amounts payable within one year42/48€454,060€391,208▼
Trade debts44€158,832€171,240▲
Suppliers440/4€158,832€171,240▲
Taxes, remuneration and social security45€18,796€45,194▲
Taxes450/3€2,462€38,402▲
Remuneration and social security454/9€16,334€6,793▼
Other amounts payable47/48€276,432€174,774▼
Income statement Code20232024
Turnover70€281,364-
Goods, raw materials, services and sundry goods60/61€328,020-
Remuneration, social security and pensions62€87,059€88,255▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,936€47,454▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€39
Other operating charges640/8-€1,333
Gross operating margin9900-€46,656€139,210▲
Operating profit (loss)9901-€180,650€2,129▲
Financial income75/76B-€733
Recurring financial income75-€733
Financial charges65/66B€1,769€1,308▼
Recurring financial charges65€1,769€1,308▼
Profit (loss) for the period before taxes9903-€182,419€1,554▲
Profit (loss) for the period9904-€182,419€1,554▲
Profit (loss) for the period to be appropriated9905-€182,419€1,554▲
Appropriation of the result
Profit (loss) to be appropriated9906-€222,192-€220,638▲
Profit (loss) brought forward from the previous period14P-€39,773-€222,192▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€68,488€281,364--
Goods, raw materials, services and sundry goods60/61€98,889€328,020--
Remuneration, social security and pensions62€21,624€87,059€88,255▲ 1.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,811€46,936€47,454▲ 1.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€39-
Other operating charges640/8€624-€1,333-
Gross operating margin9900-€701-€46,656€139,210▲ 398%
Operating profit (loss)9901-€39,760-€180,650€2,129▲ 101%
Financial income75/76B€0-€733-
Recurring financial income75€0-€733-
Financial charges65/66B€13€1,769€1,308▼ 26.1%
Recurring financial charges65€13€1,769€1,308▼ 26.1%
Profit (loss) for the period before taxes9903-€39,773-€182,419€1,554▲ 101%
Profit (loss) for the period9904-€39,773-€182,419€1,554▲ 101%
Profit (loss) for the period to be appropriated9905-€39,773-€182,419€1,554▲ 101%
Line202220232024Change
Assets
Total assets20/58€336,587€235,868€174,570▼ 26.0%
Fixed assets21/28€254,537€212,497€165,042▼ 22.3%
Tangible fixed assets22/27€254,459€212,419€164,964▼ 22.3%
Land and buildings22€128,263€103,455€75,131▼ 27.4%
Plant, machinery and equipment23€27,142€22,399€17,656▼ 21.2%
Furniture and vehicles24€28,953€24,006€17,161▼ 28.5%
Other tangible fixed assets26€70,101€62,559€55,017▼ 12.1%
Financial fixed assets28€78€78€78=
Current assets29/58€82,049€23,372€9,528▼ 59.2%
Stocks and contracts in progress3€30,647€12,145€8,423▼ 30.6%
Stocks30/36€30,647€12,145€8,423▼ 30.6%
Amounts receivable within one year40/41€42,860€7,748--
Trade receivables40€22,500€7,748--
Other amounts receivable41€20,360---
Cash at bank and in hand54/58€8,463€3,318€1,104▼ 66.7%
Deferred charges and accrued income490/1€80€160--
Equity and liabilities
Total equity and liabilities10/49€336,587€235,868€174,570▼ 26.0%
Equity10/15-€35,773-€218,192-€216,638▲ 0.7%
Contributions10/11€4,000€4,000€4,000=
Profit (loss) carried forward14-€39,773-€222,192-€220,638▲ 0.7%
Amounts payable17/49€372,359€454,060€391,208▼ 13.8%
Amounts payable within one year42/48€372,359€454,060€391,208▼ 13.8%
Trade debts44€139,246€158,832€171,240▲ 7.8%
Suppliers440/4€139,246€158,832€171,240▲ 7.8%
Taxes, remuneration and social security45€10,713€18,796€45,194▲ 140%
Taxes450/3-€2,462€38,402▲ 1,460%
Remuneration and social security454/9€10,713€16,334€6,793▼ 58.4%
Other amounts payable47/48€222,400€276,432€174,774▼ 36.8%
Line202220232024Change
Profit (loss) for the period9904-€39,773-€182,419€1,554▲ 101%
+ Depreciation and write-downs630€16,811€46,936€47,454▲ 1.1%
Operating cash flow (approximation)-€22,962-€135,483€49,008▲ 136%
Investment in fixed assets (approximation)--€4,895€0▲ 100%
Change in cash--€5,144-€2,214▲ 57.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
04-05
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-02-2026
2025
20-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 51 days late
2024
31-12
Financial Back to profitnet €1,554
Net result €1,554 after 2 loss-making years.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€182,419
Net result drops to -€182,419, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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
exact location from the address register On OpenStreetMap
Ground area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
376 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0001/00L000 Brussels 1,625 m² 1 · 1,286 m² 33.9 m · 9 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator ROMAN AYDOGDU
4000 LIEGE, RUE LOU- VREX 55-57
02-02-2026 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded21-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.