Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GHISA from Wavre, company number BE0428329036, closed financial year 2025 with a result of € 105,856 after tax. For that financial year GHISA recorded a gross margin of € 282,891 and equity of € -163,958. Compared with financial year 2023, the result moved from € -57,892 to € 105,856. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 2, 2026.
€ -163,958
▲ € 62,641 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 105,856
▲ still € 57,892 loss in 2023
Profit after tax over the fiscal year.
€ 20,909
▲ 7% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -182,550.
People and assets in 2025
€ 156,767
▼ 22% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 64,463
▲ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 89,475
▼ 18% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 119,165 | € 94,199 | € 158,558 | € 282,891 | ▲ 78% |
| Profit after taxes | € 19,096 | € -70,601 | € -57,892 | € 105,856 | ▲ € 163,748 |
| Equity | € -98,105 | € -168,706 | € -226,599 | € -163,958 | ▲ € 62,641 |
| Total debts | € 139,413 | € 222,709 | € 278,797 | € 224,081 | ▼ 20% |
| Cash | € 12,131 | € 17,730 | € 19,536 | € 20,909 | ▲ 7% |
| Retained profit | € -116,697 | € -187,298 | € -245,191 | € -182,550 | ▲ € 62,641 |
| Bank debt | € 2,957 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 41,308 | € 54,003 | € 52,199 | € 60,124 | ▲ 15% |
Key figures of GHISA, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GHISA?
What happened at GHISA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 105,856. filed late Source: NBB ↗
- Léonardo IRSUTO became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,096 profit in 2021 to € 105,856 profit in 2025.
Best year ever: 2025, with € 105,856 profit.
Management
Behind GHISA is Léonardo IRSUTO.
Directors
According to the 2025 annual accounts
Léonardo IRSUTO
Director
since 1997
Establishments
Establishment units
Physical locations of this company
Rue Haute 19
1300 Wavre
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.329.036
- VAT number
- BE 0428.329.036
- Registered office
- Rue Haute 19, 1300 Wavre
- Names & denominations
- GHISA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1985
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Eetgelegenheden met volledige bediening
Catering van evenementen
Uitzendkoks en verzorgen van feesten en recepties