SGOL
ActiveThe file of SGOL contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€183,674) and a net result of €49,043. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 13683 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency0=
Growth78=
Track record54
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.21 in 2024; short-term debt: 71.5% and cash: 18.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-46.7%
Return on assets
12.5%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 13683 sector peers (2025).
NBB · sector comparisonPosition among 13683 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-11-2025, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
16 d late
2024
340 d late
2023
200 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 185 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 19 May (3 of the last 3 filed years within 184 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€183,674▲ 21.1%
2024 · -€232,717
Total assets
€393,194▲ 14.3%
2024 · €344,024
Net result
€49,043▼ 73.6%
2024 · €185,716
Working capital
-€152,798▲ 25.8%
2024 · -€205,832
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€609,750-€189,721€51,941▼ 72.6%
Net result-€618,433below the sector's middle half-€185,716above the sector's middle half€49,043above the sector's middle half▼ 73.6%
Equity-€418,433below the sector's middle half--€232,717below the sector's middle half▲ 44.4%-€183,674below the sector's middle half▲ 21.1%
Total assets€341,528above the sector's middle half-€344,024above the sector's middle half▲ 0.7%€393,194above the sector's middle half▲ 14.3%
Debt€759,960-€576,740▼ 24.1%€576,868=
Working capital-€232,836below the sector's middle half--€205,832below the sector's middle half▲ 11.6%-€152,798below the sector's middle half▲ 25.8%
Solvency-122.5%below the sector's middle half--67.6%below the sector's middle half▲ 54.9pp-46.7%below the sector's middle half▲ 20.9pp
Current ratio0.04below the sector's middle half-0.21below the sector's middle half▲ 0.180.46below the sector's middle half▲ 0.24
Return on assets (ROA)-181.1%below the sector's middle half-54.0%above the sector's middle half▲ 235.1pp12.5%within the sector's middle half▼ 41.5pp
Staff (FTE)17.3-24.7▲ 42.8%31.7▲ 28.3%
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 falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €393,194
Fixed assets
€264,688 ▼ 8.0%
Current assets
€128,506 ▲ 129%
Key figures and ratios
EBITDA
€101,401▼
2024 · €238,946
Cash flow
€98,502▼
2024 · €234,942
Debt to equity
-3.14▼
2024 · -2.48
Interest coverage
34.98▼
2024 · 59.67
Debt ≤ 1 year
€281,304▲
2024 · €262,036
Debt > 1 year
€295,564▼
2024 · €314,704
Staff costs
€662,441▲
2024 · €604,556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 822 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Small
- negative equity
- a profit of 5% of the balance sheet or more
- without age
2.9%
went bankrupt
3.5%
stopped otherwise
92%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 822 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €281,513 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €702,185 | €604,556 | €662,441 | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,307 | €49,225 | €49,460 | ▲ 0.5% |
| Other operating charges640/8 | €27,260 | €20,331 | €21,698 | ▲ 6.7% |
| Gross operating margin9900 | €170,002 | €863,833 | €785,540 | ▼ 9.1% |
| Operating profit (loss)9901 | -€609,750 | €189,721 | €51,941 | ▼ 72.6% |
| Financial income75/76B | €6 | €0 | - | - |
| Recurring financial income75 | €6 | €0 | - | - |
| Financial charges65/66B | €8,688 | €4,005 | €2,899 | ▼ 27.6% |
| Recurring financial charges65 | €8,688 | €4,005 | €2,899 | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | -€618,433 | €185,716 | €49,043 | ▼ 73.6% |
| Profit (loss) for the period9904 | -€618,433 | €185,716 | €49,043 | ▼ 73.6% |
| Profit (loss) for the period to be appropriated9905 | -€618,433 | €185,716 | €49,043 | ▼ 73.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €341,528 | €344,024 | €393,194 | ▲ 14.3% |
| Fixed assets21/28 | €332,303 | €287,820 | €264,688 | ▼ 8.0% |
| Intangible fixed assets21 | €23,108 | €20,480 | €17,853 | ▼ 12.8% |
| Tangible fixed assets22/27 | €299,188 | €257,332 | €236,828 | ▼ 8.0% |
| Land and buildings22 | €211,675 | €187,987 | €164,299 | ▼ 12.6% |
| Plant, machinery and equipment23 | €41,502 | €32,263 | €45,454 | ▲ 40.9% |
| Furniture and vehicles24 | €46,011 | €34,780 | €24,773 | ▼ 28.8% |
| Other tangible fixed assets26 | - | €2,302 | €2,302 | = |
| Financial fixed assets28 | €10,008 | €10,008 | €10,008 | = |
| Current assets29/58 | €9,225 | €56,204 | €128,506 | ▲ 129% |
| Amounts receivable within one year40/41 | €7,281 | €19,995 | €56,579 | ▲ 183% |
| Trade receivables40 | €1,198 | €10,337 | €46,610 | ▲ 351% |
| Other amounts receivable41 | €6,084 | €9,658 | €9,969 | ▲ 3.2% |
| Cash at bank and in hand54/58 | €1,943 | €36,209 | €71,927 | ▲ 98.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €341,528 | €344,024 | €393,194 | ▲ 14.3% |
| Equity10/15 | -€418,433 | -€232,717 | -€183,674 | ▲ 21.1% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€618,433 | -€432,717 | -€383,674 | ▲ 11.3% |
| Amounts payable17/49 | €759,960 | €576,740 | €576,868 | = |
| Amounts payable after more than one year17 | €517,900 | €314,704 | €295,564 | ▼ 6.1% |
| Financial debts170/4 | €517,900 | €314,704 | €295,564 | ▼ 6.1% |
| Amounts payable within one year42/48 | €242,060 | €262,036 | €281,304 | ▲ 7.4% |
| Trade debts44 | €94,728 | €93,668 | €87,335 | ▼ 6.8% |
| Suppliers440/4 | €94,728 | €93,668 | €87,335 | ▼ 6.8% |
| Taxes, remuneration and social security45 | €147,333 | €168,368 | €193,969 | ▲ 15.2% |
| Taxes450/3 | €50,479 | €65,613 | €101,142 | ▲ 54.1% |
| Remuneration and social security454/9 | €96,854 | €102,755 | €92,827 | ▼ 9.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€618,433 | €185,716 | €49,043 | ▼ 73.6% |
| + Depreciation and write-downs630 | €50,307 | €49,225 | €49,460 | ▲ 0.5% |
| Operating cash flow (approximation) | -€568,125 | €234,942 | €98,502 | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | -€4,742 | -€26,329 | ▼ 455% |
| Change in cash | - | €34,266 | €35,718 | ▲ 4.2% |
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
Next filing, fiscal year 2026, expected by
2025
16-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 340 days late
2024
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 200 days late
31-03
Financial
Back to profitnet €185,716
Net result €185,716 after one loss-making year.
2023
27-12
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 19-12-2023
25-09
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 19-09-2023
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, Gent · 1 establishment unit since 2021
Ground area
1,497 m²
Building footprint
643 m²
Volume, LiDAR
9,223 m³
Parcel 44803C0410/02_000, Flanders · tallest building 20.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Grand café sgol
since 20212.323.647.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0410/02_000 | Flanders | 1,497 m² | 1 · 643 m² | 20.5 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.323.647.965
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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
Founded27-10-2021
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
47252Retail sale of beverages, general range
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Contact
Phone
092321311
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776585661
Registered
05-11-2025
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.