HORECA GERKENS
ActiveHORECA GERKENS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €525k and a net result of €69k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+15
Solvency50▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.81 in 2024; short-term debt: 35.8% and cash: 3.9% of total assets), but 75.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.7%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
28 d early
2023
2 d early
2022
25 d early
2021
5 d early
2020
22 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€69k▲ 28.3%
2024 · €54k
2018: €69k
2019: €-59k
2020: €32k
2021: €22k
2022: €34k
2023: €28k
2024: €54k
2018 → 2025
Working capital
€631k▲ 2.1%
2024 · €618k
2018: €381k
2019: €523k
2020: €494k
2021: €516k
2022: €547k
2023: €621k
2024: €618k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€367k-€401k▲ 9.2%€408k▲ 1.8%€459k▲ 12.4%€525k▲ 14.4%
Operating result€30k-€65k▲ 117%€68k▲ 5.1%€112k▲ 64.0%€124k▲ 11.2%
Net result€22k-€34k▲ 50.4%€28k▼ 17.6%€54k▲ 94.3%€69k▲ 28.3%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.13M
Fixed assets
€735k▲ 9.9%
Current assets
€1.39M▲ 1.1%
Equity and liabilities €2.13M
Equity
€525k▲ 14.4%
Provisions
€7k=
Debt
€1.59M▲ 1.0%
The debt ratio falls from 77.2% to 75.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€195k▲
2024 · €172k
Cash flow
€140k▲
2024 · €115k
Solvency
24.7%▲
2024 · 22.4%
Current ratio
1.83▲
2024 · 1.81
Quick ratio
0.72▼
2024 · 0.82
Debt / equity
3.04▼
2024 · 3.44
ROE
13.2%▲
2024 · 11.8%
ROA
3.3%▲
2024 · 2.6%
Interest coverage
6.03▲
2024 · 4.37
Debt
€1.59M▲
2024 · €1.58M
Debt ≤ 1 year
€761k▲
2024 · €759k
Debt > 1 year
€834k▲
2024 · €820k
Income taxes
€26k▲
2024 · €22k
Staff costs
€355k▲
2024 · €265k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.05M€2.13M▲
Fixed assets21/28€668k€735k▲
Intangible fixed assets21-€33k
Tangible fixed assets22/27€668k€701k▲
Land and buildings22€654k€607k▼
Plant, machinery and equipment23€13k€19k▲
Furniture and vehicles24€861€75k▲
Current assets29/58€1.38M€1.39M▲
Stocks and contracts in progress3€754k€845k▲
Stocks30/36€754k€845k▲
Amounts receivable within one year40/41€508k€460k▼
Trade receivables40€508k€460k▼
Other amounts receivable41€34€59▲
Cash at bank and in hand54/58€106k€82k▼
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.05M€2.13M▲
Equity10/15€459k€525k▲
Contributions10/11€50k€50k=
Reserves13€69k€119k▲
Tax-exempt reserves132€14k€14k=
Distributable reserves133€55k€105k▲
Profit (loss) carried forward14€313k€332k▲
Investment grants15€26k€23k▼
Provisions and deferred taxes16€7k€7k=
Deferred taxes168€7k€7k=
Amounts payable17/49€1.58M€1.59M▲
Amounts payable after more than one year17€820k€834k▲
Financial debts170/4€820k€834k▲
Amounts payable within one year42/48€759k€761k▲
Current portion of amounts payable after more than one year42€106k€119k▲
Trade debts44€467k€484k▲
Suppliers440/4€467k€484k▲
Taxes, remuneration and social security45€107k€85k▼
Taxes450/3€58k€46k▼
Remuneration and social security454/9€49k€39k▼
Other amounts payable47/48€79k€74k▼
Income statement
Code20242025
Non-recurring operating income76A-€15k
Remuneration, social security and pensions62€265k€355k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€70k▲
Gross operating margin9900€437k€549k▲
Operating profit (loss)9901€112k€124k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€39k€32k▼
Recurring financial charges65€39k€32k▼
Profit (loss) for the period before taxes9903€76k€95k▲
Income taxes67/77€22k€26k▲
Profit (loss) for the period9904€54k€69k▲
Profit (loss) for the period to be appropriated9905€54k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€363k€382k▲
Profit (loss) brought forward from the previous period14P€309k€313k▲
Transfer to equity691/2€50k€50k=
To other reserves6921€50k€50k=
Social balance
Average headcount (FTE)90874.56.1▲
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €69k ▲28.3%
Operating result €124k, net result €69k, both a record.
31-12
Financial
Equity above €500kEq €525k ▲14.4%
6 profitable years in a row build equity to €525k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-59k ▼186%
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Eupen · 2 establishment units since 1983
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.
Handelsstrasse 34700 EupenGround area
462 m²
Building footprint
105 m²
Volume, LiDAR
761 m³
Parcel 63004B0336/00A003, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Handelsstrasse 3, 4700 Eupen
since 19832.023.365.065
Route d'Eupen(BLN) 88, 4837 Baelen
since 20142.230.443.932
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004B0336/00A003 | Wallonia | 462 m² | 1 · 105 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 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
European Union, budget
2025 · 19 entries · 880,560 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 19 | 880,560 EUR |
Projects
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
Show 14 more projects
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
KITCHEN EQUIPMENT
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
PURCHASE OF PROFESSIONAL KITCHEN EQUIPMENT
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
GENERAL TECHNICAL EQUIPMENT AND INSTALLATIONS
Recognitions · licences · registrations
Recognised contractor
1 categoryHORECA-GERKENS SRL43847
Food safety, FASFC
1 siteEupen2.023.365.065
Similar companies · same sector, comparable size
ORIENTAL EXOTIC
BE 0684.592.544
Sint-Gillis (bij-Brussel) · Eq €523k
BAELUS
BE 0447.378.648
Arendonk · Eq €528k
YVB
BE 0597.969.366
Niel · Eq €521k
Naxo Food Europe
BE 0566.974.106
Alken · Eq €519k
Firman Oostende
BE 0734.995.130
Oostende · Eq €533k
Of 1,428 companies in sector 46389 we hold annual accounts for 855. 547 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-1983
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
46649Wholesale of other machinery and equipment
51384
51873
43350Other building finishing work
46360Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
47279Other retail sale of food
47299Retail trade
52240
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.