GUST
Open bankruptcyA bankruptcy procedure is open for GUST according to publications in the Belgian State Gazette; curator: JEROEN PINOY. The 2023 annual accounts show equity of €146k and a net result of €24k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€146k▲ 19.2%
2022 · €123k
2018: €76k
2019: €64k
2020: €20k
2021: €65k
2022: €123k
2018 → 2023
Total assets
€259k▼ 3.1%
2022 · €267k
2018: €92k
2019: €136k
2020: €129k
2021: €166k
2022: €267k
2018 → 2023
Net result
€24k▼ 58.9%
2022 · €57k
2018: €11k
2019: €-12k
2020: €-44k
2021: €45k
2022: €57k
2018 → 2023
Working capital
€112k▲ 36.6%
2022 · €82k
2018: €56k
2019: €20k
2020: €-25k
2021: €43k
2022: €82k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€64k-€20k▼ 68.4%€65k▲ 224%€123k▲ 87.6%€146k▲ 19.2%
Operating result€-21k-€-43k▼ 106%€56k€71k▲ 26.3%€81k▲ 14.3%
Net result€-12k-€-44k▼ 256%€45k€57k▲ 26.7%€24k▼ 58.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 14% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €259k
Fixed assets
€35k▼ 15.5%
Current assets
€224k▼ 0.8%
Equity and liabilities €259k
Equity
€146k▲ 19.2%
Debt
€112k▼ 22.0%
The debt ratio falls from 54.0% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▲
2022 · €80k
Cash flow
€33k▼
2022 · €67k
Solvency
56.5%▲
2022 · 46.0%
Current ratio
1.99▲
2022 · 1.57
Quick ratio
1.95▲
2022 · 1.54
Debt / equity
0.77▼
2022 · 1.18
ROE
16.1%▼
2022 · 46.7%
ROA
9.1%▼
2022 · 21.5%
Interest coverage
11.33▼
2022 · 18.96
Debt
€112k▼
2022 · €144k
Debt ≤ 1 year
€112k▼
2022 · €144k
Income taxes
€53k▲
2022 · €16k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€267k€259k▼
Fixed assets21/28€41k€35k▼
Tangible fixed assets22/27€39k€32k▼
Land and buildings22€23k€18k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€3k€3k▲
Financial fixed assets28€2k€2k=
Current assets29/58€226k€224k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€154k€202k▲
Trade receivables40€11k€21k▲
Other amounts receivable41€143k€181k▲
Cash at bank and in hand54/58€68k€16k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€267k€259k▼
Equity10/15€123k€146k▲
Contributions10/11€62k€62k=
Reserves13€50k€50k=
Non-distributable reserves130/1€6k€6k=
Other1319€6k€6k=
Tax-exempt reserves132€12k€12k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€11k€34k▲
Amounts payable17/49€144k€112k▼
Amounts payable within one year42/48€144k€112k▼
Trade debts44€51k€31k▼
Suppliers440/4€51k€31k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€93k€79k▼
Taxes450/3€93k€79k▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€82k€93k▲
Operating profit (loss)9901€71k€81k▲
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€4k€8k▲
Recurring financial charges65€4k€8k▲
Profit (loss) for the period before taxes9903€74k€76k▲
Income taxes67/77€16k€53k▲
Profit (loss) for the period9904€57k€24k▼
Profit (loss) for the period to be appropriated9905€57k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€34k▲
Profit (loss) brought forward from the previous period14P€-46k€11k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · GUST NV KUREGEM- STRAAT 18, 1831 MACHELEN · event 18-03-2025
2024
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 98 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 263 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 628 days late
2022
31-12
Financial
Highest result since 2018net €57k ▲26.7%
Net result €57k, the highest in the series.
31-12
Financial
Equity above €100kEq €123k ▲87.6%
2 profitable years in a row build equity to €123k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 272 days late
2021
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.58
Current ratio from 0.74 to 1.58; short-term debt falls from €95k to €74k.
2020
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series.
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
2015
06-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 67 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Machelen (Brab.) · 1 establishment unit since 2003
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.
Kuregemstraat 181831 Machelen (Brab.)Ground area
348 m²
Building footprint
161 m²
Volume, LiDAR
1,200 m³
Parcel 23015C0106/00L000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GUST
since 20032.133.253.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0106/00L000 | Flanders | 348 m² | 1 · 161 m² | 12.0 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROEN PINOY STATIONSSTRAAT 117, 1840 LONDER-
ZEEL |
18-03-2025 → present |
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMachelen (Vl.Br.)2.133.253.494
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,384 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-08-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56301Cafés and bars
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.