Game Brewer

Active

Private limited companyfounded 20179 yrs activeNieuwe Staatsbaan 47, 2360 Oud-Turnhout, BelgiumKBO/BCE: BE 0671.586.923

Game Brewer has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €-52k. Equity is shrinking by ~60.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 22% of 877 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

22 / 100

Critical▼ -44 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency13▼-10

Growth32▼-26

Stability100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.0 against 1.13 in 2023), and 97.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 58

Relative position

BE, all sectors

reference

Sector 58

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

2.7%

Return on assets

-12%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 877 sector peers (2024).

NBB · sector comparison

Position among 877 sector peers

Solvency

better than 22%

← weakest strongest →

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 05-01-2026, 158 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 · 7 filings

Deviation from the deadline

2025

not confirmed

2024

158 d late

2023

6 d early

2022

34 d early

2021

11 d early

2020

12 d early

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€12k▼ 81.8%

2023 · €64k

2021: €128k 2022: €-53k 2023: €64k

2021 → 2024

Total assets

€438k▼ 4.0%

2023 · €456k

2021: €1.56M 2022: €1.45M 2023: €456k

2021 → 2024

Net result

€-52k

2023 · €117k

2021: €46k 2022: €-187k 2023: €117k

2021 → 2024

Working capital

€879▼ 98.2%

2023 · €48k

2021: €117k 2022: €-71k 2023: €48k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€128k-€-53k€64k€12k▼ 81.8%

Operating result€64k-€-179k€163k€-39k

Net result€46k-€-187k€117k€-52k

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 2024: a loss of €39k after €163k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €438k

97.5%

Fixed assets €11k▼ 59.5%

Current assets €427k▼ 0.6%

Equity and liabilities €438k

97.3%

Equity €12k▼ 81.8%

Debt €426k▲ 8.7%

The debt ratio rises from 86.0% to 97.3%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-32k▼

2023 · €171k

Cash flow

€-45k▼

2023 · €126k

Solvency

2.7%▼

2023 · 14.0%

Current ratio

1.00▼

2023 · 1.13

Quick ratio

0.93▲

2023 · 0.88

Debt / equity

36.51▲

2023 · 6.12

ROE

-448.6%▼

2023 · 183.4%

ROA

-12.0%▼

2023 · 25.7%

Interest coverage

-2.30▼

2023 · 2.51

Debt

€426k▲

2023 · €392k

Debt ≤ 1 year

€426k▲

2023 · €382k

Debt > 1 year

€0▼

2023 · €11k

Staff costs

€49k▼

2023 · €115k

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

Total assets 20/58€456k€438k▼

Fixed assets 21/28€27k€11k▼

Intangible fixed assets 21€12k€6k▼

Tangible fixed assets 22/27€5k€3k▼

Financial fixed assets 28€9k€2k▼

Current assets 29/58€430k€427k▼

Stocks & contracts in progress 3€93k€31k▼

Amounts receivable within one year 40/41€291k€394k▲

Cash & bank 54/58€38k€2k▼

Total equity & liabilities 10/49€456k€438k▼

Equity 10/15€64k€12k▼

Contributions / capital 10/11€283k€283k=

Accumulated profits (losses) 14€-219k€-271k▼

Amounts payable 17/49€392k€426k▲

Amounts payable after one year 17€11k€0▼

Amounts payable within one year 42/48€382k€426k▲

Trade debts payable within one year 44€42k€53k▲

Income statement Code20232024

Gross operating margin 9900€288k€20k▼

Operating result 9901€163k€-39k▼

Financial income 75€23k€712▼

Financial charges 65€68k€14k▼

Result before taxes 9903€117k€-52k▼

Net result for the period 9904€117k€-52k▼

Result to be appropriated 9905€117k€-52k▼

Timeline · acts, filings and financial milestones

All 11Financial 2Gazette 2Filings 7

2026

05-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 158 days late

2025

30-12

State Gazette act Registered-office change

v3.2

2024

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €117k

Net result €117k after one loss-making year.

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

17-01

State Gazette act Director changes

v3.2

2022

31-12

Financial Weakest financial yearnet €-187k ▼503%

Net result drops to €-187k, the lowest in the series; recovery starts the following year.

20-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

19-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

26-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 26 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 3 acts read

About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2023

Seuntjens

Director · since 17-01-2023 · Limited partnership · perm. rep.: Rudy Seuntjens

Current

17-01-2023 Appointed as Director

Not every act has been read: a resignation may be missing here

1 of this company's 3 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Oud-Turnhout · 1 establishment unit since 2017

exact location from the address register On OpenStreetMap

Ground area

1,873 m²

Building footprint

339 m²

Volume, LiDAR

1,725 m³

Parcel 13482F1174/00Z003, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Game Brewer