Guilty Pleasures

Active

Private limited companyfounded 20224 yrs activeGroenstraat 3, 9250 Waasmunster, BelgiumKBO/BCE: BE 0786.429.775

The computed 12-month bankruptcy probability of Guilty Pleasures is 4.7% (elevated). The 2025 annual accounts show equity of €117k and a net result of €24k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 13071 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

53 / 100

Fair▼ -8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency38▲+9

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

4.7% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity short (current ratio 0.63 against 0.59 in 2024), and 70.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

29.4%

Return on assets

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

32 d early

2024

31 d early

2023

33 d early

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€117k▲ 23.5%

2024 · €95k

2023: €51k 2024: €95k

2023 → 2025

Total assets

€398k▲ 7.2%

2024 · €371k

2023: €148k 2024: €371k

2023 → 2025

Net result

€24k▼ 46.7%

2024 · €45k

2023: €43k 2024: €45k

2023 → 2025

Working capital

€-62k▼ 1.4%

2024 · €-61k

2023: €24k 2024: €-61k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€51k-€95k▲ 84.2%€117k▲ 23.5%

Operating result€60k-€57k▼ 4.0%€39k▼ 31.4%

Net result€43k-€45k▲ 4.5%€24k▼ 46.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 31% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €398k

73.3%

26.7%

Fixed assets €291k▲ 3.5%

Current assets €106k▲ 18.7%

Equity and liabilities €398k

29.4%

70.6%

Equity €117k▲ 23.5%

Debt €281k▲ 1.6%

The debt ratio falls from 74.5% to 70.6%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€72k▼

2024 · €76k

Cash flow

€57k▼

2024 · €64k

Solvency

29.4%▲

2024 · 25.5%

Current ratio

0.63▲

2024 · 0.59

Quick ratio

0.38▲

2024 · 0.38

Debt / equity

2.40▼

2024 · 2.92

ROE

20.5%▼

2024 · 47.5%

ROA

6.0%▼

2024 · 12.1%

Interest coverage

9.41▼

2024 · 15.25

Debt

€281k▲

2024 · €276k

Debt ≤ 1 year

€169k▲

2024 · €151k

Debt > 1 year

€112k▼

2024 · €125k

Income taxes

€8k▼

2024 · €8k

Staff costs

€318k▲

2024 · €211k

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€371k€398k▲

Fixed assets21/28€282k€291k▲

Tangible fixed assets22/27€282k€291k▲

Plant, machinery and equipment23€14k€31k▲

Furniture and vehicles24€24k€21k▼

Other tangible fixed assets26€244k€239k▼

Current assets29/58€90k€106k▲

Stocks and contracts in progress3€32k€41k▲

Stocks30/36€32k€41k▲

Amounts receivable within one year40/41€3k€10k▲

Trade receivables40€574€611▲

Other amounts receivable41€3k€9k▲

Cash at bank and in hand54/58€53k€48k▼

Deferred charges and accrued income490/1€2k€7k▲

Equity and liabilities

Total equity and liabilities10/49€371k€398k▲

Equity10/15€95k€117k▲

Contributions10/11€10k€10k=

Reserves13€85k€107k▲

Distributable reserves133€85k€107k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€276k€281k▲

Amounts payable after more than one year17€125k€112k▼

Financial debts170/4€125k€112k▼

Amounts payable within one year42/48€151k€169k▲

Current portion of amounts payable after more than one year42€15k€13k▼

Trade debts44€29k€31k▲

Suppliers440/4€29k€31k▲

Advances received on contracts in progress46€9k€9k=

Taxes, remuneration and social security45€49k€59k▲

Taxes450/3€34k€26k▼

Remuneration and social security454/9€15k€33k▲

Other amounts payable47/48€49k€58k▲

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Non-recurring operating income76A€2k€0▼

Remuneration, social security and pensions62€211k€318k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€33k▲

Other operating charges640/8€15k€11k▼

Gross operating margin9900€302k€401k▲

Operating profit (loss)9901€57k€39k▼

Financial income75/76B€599€23▼

Recurring financial income75€599€23▼

Financial charges65/66B€5k€8k▲

Recurring financial charges65€5k€8k▲

Profit (loss) for the period before taxes9903€53k€32k▼

Income taxes67/77€8k€8k▼

Profit (loss) for the period9904€45k€24k▼

Profit (loss) for the period to be appropriated9905€45k€24k▼

Appropriation of the result

Profit (loss) to be appropriated9906€45k€24k▼

Transfer to equity691/2€43k€22k▼

To other reserves6921€43k€22k▼

Profit to be distributed694/7€2k€2k▲

Return on contributions (dividend)694€2k€2k▲

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

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Timeline · acts, filings and financial milestones

All 7Financial 3Gazette 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

30-03

State Gazette act Registered office

General meeting · Registered-office move · Power of attorney3 facts ▸

General meeting, 02/03/2026
Registered-office move, Groenstraat 3, 9250 Waasmunster
Power of attorney, VM Consult

2025

31-12

Financial Weakest financial yearnet €24k ▼46.7%

Net result drops to €24k, the lowest in the series.

31-12

Financial Equity above €100kEq €117k ▲23.5%

3 profitable years in a row build equity to €117k.

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2023net €45k ▲4.5%

Net result €45k, the highest in the series.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Waasmunster · 2 establishment units since 2022

establishment All 2 establishment units on the map

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.

Groenstraat 39250 Waasmunster

Ground area

3,678 m²

Building footprint

977 m²

Volume, LiDAR

5,620 m³

2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Guilty Pleasures

Groenstraat 3, 9250 WaasmunsterFull-service restaurants

since 20222.331.543.270

Bar Willy

Heidekapelstraat 30, 9250 WaasmunsterFull-service restaurants

since 20262.391.906.469

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42023B0612/00H000	Flanders	3,191 m²	1 · 828 m²	8.6 m · 2 fl.
42023B0597/00G000	Flanders	487 m²	1 · 149 m²	9.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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 site

Waasmunster2.331.543.270

1 permission

Toelating · Eetgelegenheid · since 02-07-2022

Similar companies · same sector, comparable size

Hoogstraten · Eq €117k

Lichtervelde · Eq €117k

VANDOU

BE 0753.453.438

De Haan · Eq €117k

Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 9,288 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-05-2022

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

47279Other retail sale of food

47299Retail trade

56210Event catering

56301Cafés and bars

56309Food and beverage service activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.