GATE 5
ActiveSummary
The computed 12-month bankruptcy probability of GATE 5 is 2.1% (moderate). The 2024 annual accounts show equity of €124k and a net result of €38k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 18941 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability82▲+9
Solvency60▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.04 in 2022; short-term debt: 34.8% and cash: 34.2% of total assets), but 64.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
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
35.1%
Return on assets
10.7%
Age of the figures
24 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 21-05-2025, 21 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 · 10 filingsDeviation from the deadline
2024
21 d late
2022
3 d early
2021
62 d late
2020
25 d late
2019
68 d late
2018
29 d late
2017
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€124k▲ 43.5%
2022 · €86k
2018: €22k
2019: €30k
2020: €38k
2021: €71k
2022: €86k
2018 → 2024
Total assets
€353k▼ 16.6%
2022 · €423k
2018: €91k
2019: €94k
2020: €131k
2021: €250k
2022: €423k
2018 → 2024
Net result
€38k▲ 138%
2022 · €16k
2018: €5k
2019: €8k
2020: €9k
2021: €32k
2022: €16k
2018 → 2024
Working capital
€106k▲ 1,340%
2022 · €7k
2018: €-38k
2019: €-23k
2020: €-2k
2021: €23k
2022: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€30k-€38k▲ 28.9%€71k▲ 85.2%€86k▲ 22.4%€124k▲ 43.5%
Operating result€9k-€11k▲ 16.3%€38k▲ 264%€23k▼ 40.4%€52k▲ 129%
Net result€8k-€9k▲ 11.3%€32k▲ 280%€16k▼ 51.2%€38k▲ 138%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €52k in 2024, compared with €23k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €353k
Fixed assets
€125k ▼ 45.6%
Current assets
€229k ▲ 17.5%
Equity and liabilities €353k
Equity
€124k ▲ 43.5%
Debt
€229k ▼ 32.0%
Debt's share of the balance-sheet total falls from 79.6% to 64.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84k▲
2022 · €60k
Cash flow
€69k▲
2022 · €53k
Current ratio
1.86▲
2022 · 1.04
Quick ratio
1.84▲
2022 · 1.02
Debt to equity
1.85▼
2022 · 3.90
ROE
30.3%▲
2022 · 18.3%
ROA
10.7%▲
2022 · 3.7%
Interest coverage
7.63▼
2022 · 9.24
Debt ≤ 1 year
€123k▼
2022 · €187k
Debt > 1 year
€106k▼
2022 · €150k
Income taxes
€7k▲
2022 · €2k
Staff costs
€223k▲
2022 · €162k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2022 · 54 lines
Balance sheet
Code20222024
Assets
Total assets20/58€423k€353k▼
Fixed assets21/28€229k€125k▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€227k€120k▼
Plant, machinery and equipment23€214k€111k▼
Furniture and vehicles24€9k€9k▲
Other tangible fixed assets26€4k-
Financial fixed assets28€2k€3k▲
Current assets29/58€194k€229k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€4k€12k▲
Trade receivables40-€6k
Other amounts receivable41€4k€6k▲
Current investments50/53-€92k
Cash at bank and in hand54/58€186k€121k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€423k€353k▼
Equity10/15€86k€124k▲
Contributions10/11€19k€19k=
Reserves13€58k€96k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€56k€96k▲
Profit (loss) carried forward14€10k€10k=
Amounts payable17/49€337k€229k▼
Amounts payable after more than one year17€150k€106k▼
Financial debts170/4€150k€106k▼
Amounts payable within one year42/48€187k€123k▼
Current portion of amounts payable after more than one year42€24k€25k▲
Trade debts44€138k€86k▼
Suppliers440/4€138k€86k▼
Taxes, remuneration and social security45€22k€12k▼
Taxes450/3€19k€12k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€3k-
Income statement
Code20222024
Non-recurring operating income76A-€13k
Remuneration, social security and pensions62€162k€223k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€31k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€224k€311k▲
Operating profit (loss)9901€23k€52k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€17k€44k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€16k€38k▲
Profit (loss) for the period to be appropriated9905€16k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€47k▲
Profit (loss) brought forward from the previous period14P€10k€10k=
Transfer to equity691/2€16k€38k▲
To other reserves6921€16k€38k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
30-09
Financial
Highest result since 2018net €38k ▲138%
Operating result €52k, net result €38k, both a record.
30-09
Financial
Equity above €100kEq €124k ▲43.5%
6 profitable years in a row build equity to €124k.
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 62 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oostende · 3 establishment units since 1994
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.
Steensedijk 2398400 OostendeGround area
5.2 ha
Building footprint
8,912 m²
Volume, LiDAR
41,785 m³
3 parcels, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Gate 5
since 19942.067.745.535
Cargo-Summerbar
since 20222.332.759.433
Kadzandstraat 14, 8400 Oostende
since 20252.372.754.711
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0002/00P000 | Flanders | 5.2 ha | 1 · 8,450 m² | 16.4 m |
| 35020A0247/00E002 | Flanders | 444 m² | 1 · 392 m² | 13.7 m · 4 fl. |
| 35013A0464/00F000 | Flanders | 70 m² | 1 · 70 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 338 EUR awarded · 338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 338 EUR | 338 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
3 sitesOostende2.067.745.535
Oostende2.332.759.433
Oostende2.372.754.711
Similar companies · same sector, comparable size
Omnia Cleaning Services
BE 0885.700.268
Beringen · Eq €124,105
DE PRINS
BE 0445.774.188
Waregem · Eq €124,256
Equitino
BE 0800.891.287
Brugge · Eq €123,834
L.M.G.
BE 0800.731.931
Antwerpen · Eq €124,373
JUWA
BE 0477.702.036
Leuven · Eq €123,794
Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 3,523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-1993
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
47210Retail sale of fruit and vegetables
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.