Gustu
Judicial reorganisationSummary
The file of Gustu contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for Gustu the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (-€123,455) and a net result of €9,693. Equity is shrinking by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 18935 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Antwerp
- Opened
- 9 July 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260043
- Moratorium until
- 8 October 2026
- Creditors' vote
- 30 September 2026
- Delegated judge
- Luc Janssens
- Official Gazette
- 14-07-2026 (pdf) ↗search the document for 2026/131928
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the moratorium runs until 8 October 2026, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+75
Solvency0=
Growth58=
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.18 against 0.13 in 2023; short-term debt: 278.8% and cash: 0.7% of total assets), and equity is negative.
Credit check for your own amount and term
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 18935 sector peers (2024).
NBB · sector comparisonPosition among 18935 sector peers
Solvency
better than 7%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-02-2026, 190 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
190 d late
2023
58 d late
2022
17 d early
2021
2 d early
2020
4 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Are there other customers at risk in your own list?Process a list How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€123,455▲ 7.3%
2023 · -€133,148
Total assets
€63,215▲ 33.9%
2023 · €47,194
Net result
€9,693
2023 · -€53,272
Working capital
-€144,053▼ 5.0%
2023 · -€137,231
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7,287€4,763▼ 34.6%-€22,987-€54,187▼ 136%€3,399
Net result€5,728within the sector's middle half€3,814within the sector's middle half▼ 33.4%-€24,486below the sector's middle half-€53,272below the sector's middle half▼ 118%€9,693within the sector's middle half
Equity-€59,205below the sector's middle half▲ 8.8%-€55,390below the sector's middle half▲ 6.4%-€79,876below the sector's middle half▼ 44.2%-€133,148below the sector's middle half▼ 66.7%-€123,455below the sector's middle half▲ 7.3%
Total assets€46,312within the sector's middle half▲ 4.1%€40,893below the sector's middle half▼ 11.7%€51,902within the sector's middle half▲ 26.9%€47,194within the sector's middle half▼ 9.1%€63,215within the sector's middle half▲ 33.9%
Debt€105,516▼ 3.6%€96,283▼ 8.8%€131,778▲ 36.9%€180,342▲ 36.9%€186,670▲ 3.5%
Working capital-€65,493below the sector's middle half▲ 8.8%-€68,808below the sector's middle half▼ 5.1%-€88,105below the sector's middle half▼ 28.0%-€137,231below the sector's middle half▼ 55.8%-€144,053below the sector's middle half▼ 5.0%
Solvency-127.8%below the sector's middle half▲ 18.1pp-135.5%below the sector's middle half▼ 7.6pp-153.9%below the sector's middle half▼ 18.4pp-282.1%below the sector's middle half▼ 128.2pp-195.3%below the sector's middle half▲ 86.8pp
Current ratio0.13below the sector's middle half▲ 0.080.03below the sector's middle half▼ 0.090.18below the sector's middle half▲ 0.150.13below the sector's middle half▼ 0.050.18below the sector's middle half▲ 0.05
Return on assets (ROA)12.4%within the sector's middle half▲ 200.1pp9.3%within the sector's middle half▼ 3.0pp-47.2%below the sector's middle half▼ 56.5pp-112.9%below the sector's middle half▼ 65.7pp15.3%within the sector's middle half▲ 128.2pp
Staff (FTE)3.3within the sector's middle half▼ 8.3%5.5▲ 66.7%9.4▲ 70.9%7.8▼ 17.0%5.8▼ 25.6%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3,399 after a loss of €54,187 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €63,215
Fixed assets
€31,044 ▲ 14.9%
Current assets
€32,172 ▲ 59.5%
Key figures and ratios
EBITDA
€7,532▲
2023 · -€48,705
Cash flow
€13,827▲
2023 · -€47,790
Quick ratio
0.16▲
2023 · 0.09
Debt to equity
-1.51▼
2023 · -1.35
Interest coverage
4.47▲
2023 · -340.85
Debt ≤ 1 year
€176,225▲
2023 · €157,401
Staff costs
€155,898▼
2023 · €195,588
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €36,670 | €119,583 | €195,588 | €155,898 | ▼ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,566 | €4,969 | €5,915 | €5,482 | €4,133 | ▼ 24.6% |
| Other operating charges640/8 | - | €275 | €3,446 | €3,138 | €6,472 | ▲ 106% |
| Gross operating margin9900 | €40,434 | €46,677 | €105,957 | €150,021 | €169,903 | ▲ 13.3% |
| Operating profit (loss)9901 | €7,287 | €4,763 | -€22,987 | -€54,187 | €3,399 | ▲ 106% |
| Financial income75/76B | - | €363 | €63 | €1,058 | €7,981 | ▲ 655% |
| Recurring financial income75 | €24 | €363 | €63 | €1,058 | €7,981 | ▲ 655% |
| Financial charges65/66B | - | €1,311 | €1,561 | €143 | €1,686 | ▲ 1,080% |
| Recurring financial charges65 | €1,583 | €1,311 | €1,561 | €143 | €1,686 | ▲ 1,080% |
| Profit (loss) for the period before taxes9903 | €5,728 | €3,814 | -€24,486 | -€53,272 | €9,693 | ▲ 118% |
| Profit (loss) for the period9904 | €5,728 | €3,814 | -€24,486 | -€53,272 | €9,693 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | €5,728 | €3,814 | -€24,486 | -€53,272 | €9,693 | ▲ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,312 | €40,893 | €51,902 | €47,194 | €63,215 | ▲ 33.9% |
| Formation expenses20 | €1,105 | €593 | €80 | €0 | - | - |
| Fixed assets21/28 | €35,542 | €37,830 | €32,427 | €27,024 | €31,044 | ▲ 14.9% |
| Tangible fixed assets22/27 | €25,042 | €27,330 | €21,927 | €16,524 | €12,391 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €20,311 | €16,557 | €12,802 | €10,096 | ▼ 21.1% |
| Furniture and vehicles24 | - | €677 | €378 | €78 | - | - |
| Other tangible fixed assets26 | - | €6,341 | €4,993 | €3,644 | €2,295 | ▼ 37.0% |
| Financial fixed assets28 | €10,500 | €10,500 | €10,500 | €10,500 | €18,653 | ▲ 77.6% |
| Current assets29/58 | €9,665 | €2,471 | €19,395 | €20,170 | €32,172 | ▲ 59.5% |
| Stocks and contracts in progress3 | €0 | - | - | €6,571 | €4,757 | ▼ 27.6% |
| Stocks30/36 | - | - | - | €6,571 | €4,757 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €3,858 | €300 | €9,705 | €11,252 | €26,169 | ▲ 133% |
| Trade receivables40 | - | - | - | - | €5,145 | - |
| Other amounts receivable41 | - | €300 | €9,705 | €11,252 | €21,024 | ▲ 86.8% |
| Cash at bank and in hand54/58 | €2,890 | €2,171 | €9,320 | €615 | €438 | ▼ 28.9% |
| Deferred charges and accrued income490/1 | - | €0 | €369 | €1,730 | €808 | ▼ 53.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,312 | €40,893 | €51,902 | €47,194 | €63,215 | ▲ 33.9% |
| Equity10/15 | -€59,205 | -€55,390 | -€79,876 | -€133,148 | -€123,455 | ▲ 7.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€77,805 | -€73,990 | -€98,476 | -€151,748 | -€142,055 | ▲ 6.4% |
| Amounts payable17/49 | €105,516 | €96,283 | €131,778 | €180,342 | €186,670 | ▲ 3.5% |
| Amounts payable after more than one year17 | €17,358 | €8,442 | €0 | - | - | - |
| Financial debts170/4 | - | €8,442 | €0 | - | - | - |
| Amounts payable within one year42/48 | €75,158 | €71,278 | €107,500 | €157,401 | €176,225 | ▲ 12.0% |
| Current portion of amounts payable after more than one year42 | - | €8,916 | €8,442 | €0 | - | - |
| Trade debts44 | €23,350 | €19,445 | €36,715 | €51,113 | €31,758 | ▼ 37.9% |
| Suppliers440/4 | - | €19,445 | €36,715 | €51,113 | €31,758 | ▼ 37.9% |
| Taxes, remuneration and social security45 | - | €12,869 | €28,684 | €77,041 | €102,248 | ▲ 32.7% |
| Taxes450/3 | - | €2,891 | €14,214 | €26,087 | €38,012 | ▲ 45.7% |
| Remuneration and social security454/9 | - | €9,978 | €14,470 | €50,955 | €64,237 | ▲ 26.1% |
| Other amounts payable47/48 | - | €30,048 | €33,660 | €29,247 | €42,218 | ▲ 44.4% |
| Accrued charges and deferred income492/3 | - | €16,563 | €24,278 | €22,942 | €10,446 | ▼ 54.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,728 | €3,814 | -€24,486 | -€53,272 | €9,693 | ▲ 118% |
| + Depreciation and write-downs630 | €4,566 | €4,969 | €5,915 | €5,482 | €4,133 | ▼ 24.6% |
| Operating cash flow (approximation) | €10,295 | €8,783 | -€18,570 | -€47,790 | €13,827 | ▲ 129% |
| Investment in fixed assets (approximation) | - | -€7,257 | -€513 | -€80 | -€8,153 | ▼ 10,109% |
| Change in cash | - | -€720 | €7,150 | -€8,705 | -€178 | ▲ 98.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-07
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement (SME) · event 09-07-2026
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 190 days late
2024
31-12
Financial
Back to profitnet €9,693
Net result €9,693 after 2 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,728
Net result €5,728 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
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.
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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, Antwerpen · 1 establishment unit since 2019
Ground area
285 m²
Building footprint
131 m²
Volume, LiDAR
1,294 m³
Parcel 11811L3675/00P003, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Gustu
since 20192.284.083.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3675/00P003 | Flanders | 285 m² | 1 · 131 m² | 14.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,630 EUR awarded · 1,839 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 395 EUR | 395 EUR |
| 2023 | 1 | 735 EUR | 944 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.284.083.843
Dual-learning approval
7 live approvals · 17 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Show 1 more
Restaurant en keuken duaal (so)
Show 17 ended approvals
Hulpkelner (so)
Hulpkelner (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Hulpkok (so)
Hulpkok (so)
Kelner (so)
Kelner (so)
Keukenmedewerker (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (so)
Kok (so)
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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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 20,509 companies in sector 56111 we hold annual accounts for 11,467. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718751588
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.