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GURSUKH

Active
Private limited companyfounded 20242 yrs activeDiestersteenweg 374, 3510 Hasselt, BelgiumKBO/BCE: BE 1012.493.522
Summary

The computed 12-month bankruptcy probability of GURSUKH is 3.0% (moderate). The 2025 annual accounts show negative equity (-€14,691) and a net result of -€19,691. Its solvency ranks better than 19% of 18626 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability2
Solvency15
Growth-
Track record67
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12; short-term debt: 73% and cash: 32.9% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-9.9%
Return on assets
-13.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
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

GURSUKH was incorporated on 14 August 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€14,691
Total assets
€147,966
Net result
-€19,691
Working capital
€12,717

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

Balance-sheet composition
Assets €147,966
Fixed assets €27,272
Current assets €120,694
Key figures and ratios
2025 value
EBITDA
-€2,480
Cash flow
-€13,257
Solvency
-9.9%
Current ratio
1.12
Quick ratio
0.54
Debt to equity
-11.07
ROA
-13.3%
Interest coverage
-0.23
Debt
€162,657
Debt ≤ 1 year
€107,977
Debt > 1 year
€50,180
Income taxes
€244
Staff costs
€50,740

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,638 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
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€147,966
Fixed assets21/28€27,272
Intangible fixed assets21€20,528
Tangible fixed assets22/27€6,744
Land and buildings22€4,266
Plant, machinery and equipment23€1,238
Furniture and vehicles24€1,239
Current assets29/58€120,694
Stocks and contracts in progress3€61,878
Stocks30/36€61,878
Amounts receivable within one year40/41€9,419
Other amounts receivable41€9,419
Cash at bank and in hand54/58€48,689
Deferred charges and accrued income490/1€709
Equity and liabilities
Total equity and liabilities10/49€147,966
Equity10/15-€14,691
Contributions10/11€5,000
Profit (loss) carried forward14-€19,691
Amounts payable17/49€162,657
Amounts payable after more than one year17€50,180
Financial debts170/4€50,180
Amounts payable within one year42/48€107,977
Current portion of amounts payable after more than one year42€15,468
Trade debts44€50,461
Suppliers440/4€50,461
Taxes, remuneration and social security45€14,659
Taxes450/3€4,305
Remuneration and social security454/9€10,354
Other amounts payable47/48€27,389
Accrued charges and deferred income492/3€4,500
Income statement Code2025
Remuneration, social security and pensions62€50,740
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,434
Other operating charges640/8€1,447
Gross operating margin9900€49,707
Operating profit (loss)9901-€8,913
Financial income75/76B€143
Recurring financial income75€143
Financial charges65/66B€10,676
Recurring financial charges65€10,676
Profit (loss) for the period before taxes9903-€19,447
Income taxes67/77€244
Profit (loss) for the period9904-€19,691
Profit (loss) for the period to be appropriated9905-€19,691
Appropriation of the result
Profit (loss) to be appropriated9906-€19,691

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€50,740
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,434
Other operating charges640/8€1,447
Gross operating margin9900€49,707
Operating profit (loss)9901-€8,913
Financial income75/76B€143
Recurring financial income75€143
Financial charges65/66B€10,676
Recurring financial charges65€10,676
Profit (loss) for the period before taxes9903-€19,447
Income taxes67/77€244
Profit (loss) for the period9904-€19,691
Profit (loss) for the period to be appropriated9905-€19,691
Line2025
Assets
Total assets20/58€147,966
Fixed assets21/28€27,272
Intangible fixed assets21€20,528
Tangible fixed assets22/27€6,744
Land and buildings22€4,266
Plant, machinery and equipment23€1,238
Furniture and vehicles24€1,239
Current assets29/58€120,694
Stocks and contracts in progress3€61,878
Stocks30/36€61,878
Amounts receivable within one year40/41€9,419
Other amounts receivable41€9,419
Cash at bank and in hand54/58€48,689
Deferred charges and accrued income490/1€709
Equity and liabilities
Total equity and liabilities10/49€147,966
Equity10/15-€14,691
Contributions10/11€5,000
Profit (loss) carried forward14-€19,691
Amounts payable17/49€162,657
Amounts payable after more than one year17€50,180
Financial debts170/4€50,180
Amounts payable within one year42/48€107,977
Current portion of amounts payable after more than one year42€15,468
Trade debts44€50,461
Suppliers440/4€50,461
Taxes, remuneration and social security45€14,659
Taxes450/3€4,305
Remuneration and social security454/9€10,354
Other amounts payable47/48€27,389
Accrued charges and deferred income492/3€4,500
Line2025
Profit (loss) for the period9904-€19,691
+ Depreciation and write-downs630€6,434
Operating cash flow (approximation)-€13,257

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

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
906 m²
Building footprint
171 m²
Volume, LiDAR
727 m³
Parcel 71054A0191/00M000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GURSUKH
Diestersteenweg 374, 3510 HasseltRetail sale of chocolate and confectionery
since 20242.363.501.901
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71054A0191/00M000 Flanders 906 m² 1 · 171 m² 6.5 m · 1 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 site
Hasselt2.363.501.901
1 permission
Toelating · Detailhandel · since 03-10-2024

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 2,341 companies in sector 47621 we hold annual accounts for 1,245. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded14-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
47260Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012493522
Also 9925:BE1012493522
Registered 11-02-2026

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.