HORECA GOLF BERCUIT
ActiveThe computed 12-month bankruptcy probability of HORECA GOLF BERCUIT is 4.4% (elevated). The 2025 annual accounts show equity of €30k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 13204 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-77
Solvency49▼-5
Growth85=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.85 against 0.87 in 2024; short-term debt: 73.8% and cash: 25.6% of total assets), and 76.2% 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 2025Solvency, return and age of the figures
Solvency
23.8%
Return on assets
-8.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
61 d late
2022
31 d late
2021
26 d early
2020
24 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€623k▲ 70.0%
2020 · €366k
2020: €366k
2020 → 2021
EBIT margin
1.2%▲ 8.6pp
2020 · -7.4%
2020: -7.4%
2020 → 2021
Net result
€-10k
2024 · €38k
2020: €-30k
2021: €3k
2022: €2k
2023: €30k
2024: €38k
2020 → 2025
Working capital
€-14k▼ 27.3%
2024 · €-11k
2020: €-17k
2021: €-15k
2022: €-65k
2023: €-39k
2024: €-11k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€623k-
Equity€-11k-€-9k▲ 16.8%€20k€41k▲ 101%€30k▼ 25.5%
Operating result€8k-€7k▼ 5.7%€37k▲ 412%€57k▲ 54.8%€-2k
Net result€3k-€2k▼ 41.3%€30k▲ 1,447%€38k▲ 28.1%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €57k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€47k▼ 24.7%
Current assets
€80k▲ 6.0%
Equity and liabilities €127k
Equity
€30k▼ 25.5%
Debt
€97k▼ 0.6%
The debt ratio rises from 70.6% to 76.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €73k
Cash flow
€6k▼
2024 · €55k
Solvency
23.8%▼
2024 · 29.4%
Current ratio
0.85▼
2024 · 0.87
Quick ratio
0.54▼
2024 · 0.64
Debt / equity
3.20▲
2024 · 2.40
ROE
-34.2%▼
2024 · 93.7%
ROA
-8.1%▼
2024 · 27.5%
Interest coverage
1.70▼
2024 · 9.24
Debt
€97k▼
2024 · €97k
Debt ≤ 1 year
€94k▲
2024 · €86k
Debt > 1 year
€3k▼
2024 · €8k
Income taxes
€-31▼
2024 · €11k
Staff costs
€259k▲
2024 · €221k
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€138k€127k▼
Fixed assets21/28€63k€47k▼
Tangible fixed assets22/27€63k€47k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€58k€44k▼
Current assets29/58€75k€80k▲
Stocks and contracts in progress3€20k€30k▲
Stocks30/36€20k€30k▲
Amounts receivable within one year40/41€2k€981▼
Trade receivables40€2k€652▼
Other amounts receivable41-€330
Cash at bank and in hand54/58€48k€33k▼
Deferred charges and accrued income490/1€5k€17k▲
Equity and liabilities
Total equity and liabilities10/49€138k€127k▼
Equity10/15€41k€30k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€26k€15k▼
Amounts payable17/49€97k€97k▼
Amounts payable after more than one year17€8k€3k▼
Financial debts170/4€8k€3k▼
Amounts payable within one year42/48€86k€94k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€13k€39k▲
Suppliers440/4€13k€39k▲
Taxes, remuneration and social security45€50k€49k▼
Taxes450/3€28k€28k▼
Remuneration and social security454/9€22k€21k▼
Other amounts payable47/48€18k-
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€221k€259k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€391€586▲
Gross operating margin9900€295k€275k▼
Operating profit (loss)9901€57k€-2k▼
Financial income75/76B€0€99▲
Recurring financial income75€0€99▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€49k€-10k▼
Income taxes67/77€11k€-31▼
Profit (loss) for the period9904€38k€-10k▼
Profit (loss) for the period to be appropriated9905€38k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€15k▼
Profit (loss) brought forward from the previous period14P€5k€26k▲
Profit to be distributed694/7€18k-
Return on contributions (dividend)694€18k-
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2020net €38k ▲28.1%
Operating result €57k, net result €38k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2020
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.
Rue de Genval 261301 WavreGround area
2,582 m²
Building footprint
167 m²
Volume, LiDAR
1,039 m³
Parcel 25006B0093/00G000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DI VINI E CUCINA di giuseppe santoro
since 20202.301.269.174
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0093/00G000 | Wallonia | 2,582 m² | 1 · 167 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteWavre2.301.269.174
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2020
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475623841