Debts
Debts rose by €116,560 in 2025.
Debts rose by €116,560 in 2025.
Green is investment, beige is depreciation. Machinery stands 12.2% higher than in 2024.
In 2025, 759 short contracts started and 818 ended, on average 12 hours worked per contract. Staff averaged 6.9 full-time equivalents.
GUZEL pays its suppliers 37 days later than in 2024. Customers pay 6 days later.
Three of the last ten came late. The 2018 accounts came latest: 64 days after the end of the period.
More equity than 87% of companies in food and beverage service. Sector median €28,663 · 17,189 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 60% of them on solvency, 57% on liquidity, 38% on profitability and 51% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 10,904 companies had the same profile as GUZEL has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of GUZEL itself: 0.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for GUZEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.34 (2.01 in 2024), below the usual 1.5. Short-term debt is 42.2% and cash 19.1% of total assets. 58.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GUZEL Antwerp | €396,736 | €251,762 | 41.2% | - |
| MI.KA Antwerp | €366,108 | €243,215 | 36.3% | 4 |
| NICE BAR COMPANY Soignies | €392,974 | €238,117 | 26.5% | - |
| GDP.PDP Woluwe-Saint-Pierre | €392,539 | €238,826 | 74.1% | - |
| MINGJAN Leuven | €355,491 | €294,395 | 82.9% | 12.2 |
| DE GARRE Bruges | €349,889 | €278,558 | 61.2% | - |
| MISMO Machelen (Brab.) | €432,513 | €217,724 | 78.2% | - |
These companies have the same main activity as GUZEL: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €350,000 and €433,000, founded between 2011 and 2013.
GUZEL files the micro format. That format states no turnover. The gross margin rose from €24,057 in 2012 to €251,762 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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