Gust Royal
ActiveThe file of Gust Royal contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (€-160k) and a net result of €-76k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 2091 sector peers (fiscal year 2024).
Checked score
Score 2024
3
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▼-36
Solvency0▼-12
Growth32=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.44 in 2023; short-term debt: 97% and cash: 5.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-25.6%
Return on assets
-12.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-160k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
124 d early
2022
31 d late
2021
5 d late
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-160k▼ 90.8%
2023 · €-84k
2018: €11k
2019: €11k
2020: €21k
2021: €-11k
2022: €-97k
2023: €-84k
2018 → 2024
Total assets
€627k▼ 3.5%
2023 · €650k
2018: €241k
2019: €292k
2020: €494k
2021: €611k
2022: €706k
2023: €650k
2018 → 2024
Net result
€-76k
2023 · €947
2018: €4k
2019: €-72
2020: €10k
2021: €-32k
2022: €-86k
2023: €947
2018 → 2024
Working capital
€-352k▼ 26.7%
2023 · €-278k
2018: €-77k
2019: €-107k
2020: €-105k
2021: €-184k
2022: €-304k
2023: €-278k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€-11k€-97k▼ 779%€-84k▲ 13.7%€-160k▼ 90.8%
Operating result€20k-€-21k€-33k▼ 60.1%€38k€-53k
Net result€10k-€-32k€-86k▼ 169%€947€-76k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €53k after €38k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €627k
Fixed assets
€371k▼ 13.5%
Current assets
€256k▲ 15.6%
Key figures and ratios
EBITDA
€-2k▼
2023 · €96k
Cash flow
€-26k▼
2023 · €59k
Solvency
-25.6%▼
2023 · -12.9%
Current ratio
0.42▼
2023 · 0.44
Quick ratio
0.16▲
2023 · 0.11
Debt / equity
-4.91▲
2023 · -8.74
ROA
-12.2%▼
2023 · 0.1%
Interest coverage
-0.10▼
2023 · 2.56
Debt
€788k▲
2023 · €734k
Debt ≤ 1 year
€608k▲
2023 · €500k
Debt > 1 year
€179k▼
2023 · €235k
Staff costs
€175k▼
2023 · €327k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€650k€627k▼
Fixed assets21/28€429k€371k▼
Tangible fixed assets22/27€424k€369k▼
Land and buildings22€244k€227k▼
Plant, machinery and equipment23€135k€111k▼
Furniture and vehicles24€7k€3k▼
Leasing and similar rights25€39k€29k▼
Financial fixed assets28€5k€2k▼
Current assets29/58€222k€256k▲
Stocks and contracts in progress3€168k€159k▼
Stocks30/36€168k€159k▼
Amounts receivable within one year40/41€44k€59k▲
Trade receivables40€44k€59k▲
Other amounts receivable41-€67
Cash at bank and in hand54/58€6k€35k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€650k€627k▼
Equity10/15€-84k€-160k▼
Contributions10/11€19k€19k=
Reserves13€11k€11k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-113k€-190k▼
Amounts payable17/49€734k€788k▲
Amounts payable after more than one year17€235k€179k▼
Financial debts170/4€235k€179k▼
Amounts payable within one year42/48€500k€608k▲
Current portion of amounts payable after more than one year42€60k€56k▼
Trade debts44€315k€213k▼
Suppliers440/4€315k€213k▼
Taxes, remuneration and social security45€84k€300k▲
Taxes450/3€37k€83k▲
Remuneration and social security454/9€47k€217k▲
Other amounts payable47/48€40k€40k=
Accrued charges and deferred income492/3-€165
Income statement
Code20232024
Remuneration, social security and pensions62€327k€175k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€51k▼
Other operating charges640/8€6k€5k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€428k€180k▼
Operating profit (loss)9901€38k€-53k▼
Financial income75/76B€399€380▼
Recurring financial income75€399€380▼
Financial charges65/66B€37k€23k▼
Recurring financial charges65€37k€23k▼
Profit (loss) for the period before taxes9903€947€-76k▼
Profit (loss) for the period9904€947€-76k▼
Profit (loss) for the period to be appropriated9905€947€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-113k€-190k▼
Profit (loss) brought forward from the previous period14P€-114k€-113k▲
Social balance
Average headcount (FTE)90877.4-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
20-02
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · 20240018 · event 17-02-2025
2024
24-10
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collectif · event 21-10-2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €947
Net result €947 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-86k
Net result drops to €-86k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 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, Berlaar · 1 establishment unit since 2016
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.
Aarschotsebaan 1812590 BerlaarGround area
606 m²
Building footprint
299 m²
Volume, LiDAR
1,322 m³
Parcel 12002C0770/00Z003, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GUST ROYAL
since 20162.260.328.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002C0770/00Z003 | Flanders | 606 m² | 1 · 299 m² | 9.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 12,196 EUR awarded · 12,061 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 8,061 EUR | 8,061 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 2 | 2,135 EUR | 2,000 EUR |
Schemes
Individueel Maatwerk
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBerlaar2.260.328.741
Dual-learning approval
2 live approvalsChocoladebewerker (vwo)
Chocolatier duaal (so)
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Amblard Chocolat SRL
BE 1019.849.684
Le Roeulx · Eq €19k
Of 725 companies in sector 10820 we hold annual accounts for 351. 156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2016
Fiscal year end31-12
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
46360Wholesale trade
47242Retail sale of chocolate and confectionery
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.