SGSB HORECA
ActiveThe computed 12-month bankruptcy probability of SGSB HORECA is 5.4% (elevated). The 2024 annual accounts show equity of €49k and a net result of €23k. Equity is growing by ~49.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 18942 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+84
Solvency60▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.5 in 2023; short-term debt: 65% and cash: 4.9% of total assets), and 65% of the assets are financed with debt.
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 · 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
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
35%
Return on assets
16.2%
Age of the figures
21 mo
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 18-11-2025, 110 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
110 d late
2023
131 d late
2022
120 d late
2021
86 d late
2020
61 d late
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€49k▲ 85.6%
2023 · €27k
2019: €7k
2020: €5k
2021: €45k
2022: €39k
2023: €27k
2019 → 2024
Total assets
€140k▲ 17.0%
2023 · €120k
2019: €76k
2020: €70k
2021: €112k
2022: €119k
2023: €120k
2019 → 2024
Net result
€23k
2023 · €-13k
2019: €326
2020: €-2k
2021: €41k
2022: €-6k
2023: €-13k
2019 → 2024
Working capital
€-19k▲ 60.3%
2023 · €-47k
2019: €22k
2020: €13k
2021: €52k
2022: €46k
2023: €-47k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€45k▲ 835%€39k▼ 13.1%€27k▼ 32.9%€49k▲ 85.6%
Operating result€-1k-€45k€-6k€-11k▼ 100%€30k
Net result€-2k-€41k€-6k€-13k▼ 117%€23k
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: €30k after a loss of €11k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139k
Fixed assets
€67k▼ 9.0%
Current assets
€73k▲ 55.6%
Equity and liabilities €140k
Equity
€49k▲ 85.6%
Debt
€91k▼ 2.5%
The debt ratio falls from 77.9% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2023 · €-4k
Cash flow
€33k▲
2023 · €-6k
Solvency
35.0%▲
2023 · 22.1%
Current ratio
0.80▲
2023 · 0.50
Quick ratio
0.68▲
2023 · 0.41
Debt / equity
1.85▼
2023 · 3.53
ROE
46.1%▲
2023 · -48.9%
ROA
16.2%▲
2023 · -10.8%
Interest coverage
12.04▲
2023 · -2.58
Debt
€91k▼
2023 · €94k
Debt ≤ 1 year
€91k▼
2023 · €94k
Income taxes
€4k
Staff costs
€43k▲
2023 · €6k
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€120k€140k▲
Formation expenses20-€1k
Fixed assets21/28€73k€67k▼
Tangible fixed assets22/27€68k€61k▼
Plant, machinery and equipment23€40k€35k▼
Furniture and vehicles24€8k€10k▲
Other tangible fixed assets26€21k€17k▼
Financial fixed assets28€5k€5k▲
Current assets29/58€47k€73k▲
Stocks and contracts in progress3€8k€10k▲
Stocks30/36€8k€10k▲
Amounts receivable within one year40/41€247€55k▲
Trade receivables40-€55k
Other amounts receivable41€247-
Cash at bank and in hand54/58€38k€7k▼
Equity and liabilities
Total equity and liabilities10/49€120k€140k▲
Equity10/15€27k€49k▲
Contributions10/11€6k€6k=
Reserves13€17€17=
Non-distributable reserves130/1€17€17=
Reserves not available under the articles1311€17€17=
Profit (loss) carried forward14€20k€43k▲
Amounts payable17/49€94k€91k▼
Amounts payable within one year42/48€94k€91k▼
Current portion of amounts payable after more than one year42€19k€13k▼
Trade debts44€60k€64k▲
Suppliers440/4€60k€64k▲
Taxes, remuneration and social security45€14k€14k▲
Taxes450/3€14k€4k▼
Remuneration and social security454/9€673€11k▲
Income statement
Code20232024
Remuneration, social security and pensions62€6k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€9-
Gross operating margin9900€5k€86k▲
Operating profit (loss)9901€-11k€30k▲
Financial income75/76B-€5
Recurring financial income75-€5
Non-recurring financial income76B-€5
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Non-recurring financial charges66B-€62
Profit (loss) for the period before taxes9903€-13k€26k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-13k€23k▲
Profit (loss) for the period to be appropriated9905€-13k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€43k▲
Profit (loss) brought forward from the previous period14P€33k€20k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
2024
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-01-2026
VANGEENBERGHE Florette: Resigned as Director
12-02-2024
Antonin Prévier: Resigned as Director
16-10-2023
Tempesta Vincent: Resigned as Director
Location & real-estate footprint
Registered office, Saint-Ghislain · 2 establishment units since 2019
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.
Grand'Place(SG) 57330 Saint-GhislainGround area
325 m²
Building footprint
151 m²
Volume, LiDAR
1,376 m³
2 parcels, Wallonia · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Taverne les Arcades
since 20192.289.208.512
HARD RIBS
since 20242.357.235.404
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53070B0341/00X000indicative | Wallonia | 182 m² | 1 · 26 m² | 9.4 m · 1 fl. |
| 53070B0116/00L000 | Wallonia | 144 m² | 1 · 125 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| NICOLAS Pierre-Alexandre Henri Statutory auditor | - → 30-06-2022 |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSaint-Ghislain2.289.208.512
Saint-Ghislain2.357.235.404
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,059 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2019
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.