AMICH
Active1 interim measureSummary
The file of AMICH contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 5.7% (elevated). The 2025 annual accounts show equity of €22,870 and a net result of €29,356. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 53 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+46
Solvency37▲+15
Growth58▲+26
Track record74
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.64 against 0.45 in 2024; short-term debt: 81.9% and cash: 22.6% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 92
Relative position
BE, all sectors
reference
Gambling and betting activities (NACE 92)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.6%
Return on assets
14.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 53 sector peers (2025).
NBB · sector comparisonPosition among 53 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
132 d late
2023
30 d late
2022
32 d early
2021
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 45% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,870
2024 · -€6,486
Total assets
€196,810▲ 4.2%
2024 · €188,861
Net result
€29,356
2024 · -€2,039
Working capital
-€58,126▲ 35.9%
2024 · -€90,621
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,028--€12,871-€15,676▼ 21.8%€7,694€54,015▲ 602%
Net result€27,711above the sector's middle half--€12,369below the sector's middle half-€21,789below the sector's middle half▼ 76.2%-€2,039within the sector's middle half▲ 90.6%€29,356above the sector's middle half
Equity€29,711within the sector's middle half-€17,342within the sector's middle half▼ 41.6%-€4,447below the sector's middle half-€6,486below the sector's middle half▼ 45.8%€22,870within the sector's middle half
Total assets€78,688within the sector's middle half-€67,104within the sector's middle half▼ 14.7%€118,138within the sector's middle half▲ 76.1%€188,861within the sector's middle half▲ 59.9%€196,810within the sector's middle half▲ 4.2%
Debt€48,976-€49,761▲ 1.6%€122,585▲ 146%€195,346▲ 59.4%€173,939▼ 11.0%
Working capital€37,201-€11,970▼ 67.8%-€27,061-€90,621▼ 235%-€58,126▲ 35.9%
Solvency37.8%within the sector's middle half-25.8%within the sector's middle half▼ 11.9pp-3.8%below the sector's middle half▼ 29.6pp-3.4%below the sector's middle half▲ 0.3pp11.6%below the sector's middle half▲ 15.1pp
Staff (FTE)1.31.10.1▼ 90.9%
above
within
below
the middle half (P25 to P75) of NACE 92, Gambling and betting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 602% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,810
Fixed assets
€93,814 ▼ 17.3%
Current assets
€102,996 ▲ 36.7%
Equity and liabilities €196,810
Equity
€22,870
Debt
€173,939
Debt finances 88.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€73,246▲
2024 · €23,225
Cash flow
€48,587▲
2024 · €13,493
Current ratio
0.64▲
2024 · 0.45
Quick ratio
0.53▲
2024 · 0.36
Debt to equity
7.61▲
2024 · -30.12
ROE
128.4%
ROA
14.9%▲
2024 · -1.1%
Interest coverage
5.30▲
2024 · 2.25
Debt ≤ 1 year
€161,121▼
2024 · €165,982
Debt > 1 year
€11,418▼
2024 · €29,364
Income taxes
€10,890▲
2024 · €99
Staff costs
€14,988▼
2024 · €52,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,897 | €45,257 | €23,985 | €52,719 | €14,988 | ▼ 71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,598 | €5,444 | €9,705 | €15,531 | €19,231 | ▲ 23.8% |
| Other operating charges640/8 | €1,156 | €3,790 | €3,863 | €17,567 | €17,870 | ▲ 1.7% |
| Gross operating margin9900 | €70,680 | €41,620 | €21,877 | €93,512 | €106,103 | ▲ 13.5% |
| Operating profit (loss)9901 | €38,028 | -€12,871 | -€15,676 | €7,694 | €54,015 | ▲ 602% |
| Financial income75/76B | €30 | €3,828 | €1,007 | €684 | €58 | ▼ 91.4% |
| Recurring financial income75 | €30 | €3,828 | €1,007 | €684 | €58 | ▼ 91.4% |
| Financial charges65/66B | €866 | €3,277 | €6,872 | €10,318 | €13,827 | ▲ 34.0% |
| Recurring financial charges65 | €686 | €2,747 | €6,647 | €10,318 | €13,827 | ▲ 34.0% |
| Non-recurring financial charges66B | €180 | €530 | €225 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €37,192 | -€12,320 | -€21,541 | -€1,940 | €40,247 | ▲ 2,174% |
| Income taxes67/77 | €9,481 | €49 | €248 | €99 | €10,890 | ▲ 10,956% |
| Profit (loss) for the period9904 | €27,711 | -€12,369 | -€21,789 | -€2,039 | €29,356 | ▲ 1,540% |
| Profit (loss) for the period to be appropriated9905 | €27,711 | -€12,369 | -€21,789 | -€2,039 | €29,356 | ▲ 1,540% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,688 | €67,104 | €118,138 | €188,861 | €196,810 | ▲ 4.2% |
| Fixed assets21/28 | €15,439 | €23,194 | €68,062 | €113,500 | €93,814 | ▼ 17.3% |
| Intangible fixed assets21 | - | - | €27,943 | €78,037 | €69,287 | ▼ 11.2% |
| Tangible fixed assets22/27 | €13,882 | €21,157 | €26,318 | €21,029 | €14,296 | ▼ 32.0% |
| Land and buildings22 | €2,855 | €4,053 | €9,738 | €10,432 | €7,873 | ▼ 24.5% |
| Plant, machinery and equipment23 | €11,027 | €12,137 | €9,449 | €5,559 | €2,898 | ▼ 47.9% |
| Furniture and vehicles24 | - | €4,966 | €7,132 | €5,038 | €3,526 | ▼ 30.0% |
| Financial fixed assets28 | €1,557 | €2,037 | €13,800 | €14,434 | €10,231 | ▼ 29.1% |
| Current assets29/58 | €63,248 | €43,909 | €50,076 | €75,361 | €102,996 | ▲ 36.7% |
| Stocks and contracts in progress3 | €7,280 | €5,900 | €15,000 | €15,000 | €18,150 | ▲ 21.0% |
| Stocks30/36 | €7,280 | €5,900 | €15,000 | €15,000 | €18,150 | ▲ 21.0% |
| Amounts receivable within one year40/41 | €27,268 | €27,874 | €14,409 | €13,133 | €30,449 | ▲ 132% |
| Trade receivables40 | - | €1,465 | €3,902 | €462 | €21,275 | ▲ 4,501% |
| Other amounts receivable41 | €27,268 | €26,409 | €10,507 | €12,671 | €9,173 | ▼ 27.6% |
| Cash at bank and in hand54/58 | €27,301 | €9,135 | €19,439 | €47,228 | €44,545 | ▼ 5.7% |
| Deferred charges and accrued income490/1 | €1,400 | €1,000 | €1,228 | €0 | €9,852 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,688 | €67,104 | €118,138 | €188,861 | €196,810 | ▲ 4.2% |
| Equity10/15 | €29,711 | €17,342 | -€4,447 | -€6,486 | €22,870 | ▲ 453% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €27,711 | €27,711 | €27,711 | €27,711 | €27,711 | = |
| Distributable reserves133 | €27,711 | €27,711 | €27,711 | €27,711 | €27,711 | = |
| Profit (loss) carried forward14 | - | -€12,369 | -€34,158 | -€36,197 | -€6,841 | ▲ 81.1% |
| Amounts payable17/49 | €48,976 | €49,761 | €122,585 | €195,346 | €173,939 | ▼ 11.0% |
| Amounts payable after more than one year17 | €22,929 | €17,072 | €45,448 | €29,364 | €11,418 | ▼ 61.1% |
| Financial debts170/4 | €22,929 | €17,072 | €45,448 | €29,364 | €11,418 | ▼ 61.1% |
| Amounts payable within one year42/48 | €26,047 | €31,940 | €77,137 | €165,982 | €161,121 | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | €5,679 | €5,857 | €16,197 | €16,316 | €13,216 | ▼ 19.0% |
| Financial debts43 | - | - | - | - | €2,932 | - |
| Credit institutions430/8 | - | - | - | - | €2,932 | - |
| Trade debts44 | €9,199 | €16,452 | €55,503 | €110,281 | €95,460 | ▼ 13.4% |
| Suppliers440/4 | €9,199 | €16,452 | €55,503 | €110,281 | €95,460 | ▼ 13.4% |
| Taxes, remuneration and social security45 | €11,169 | €9,631 | €5,436 | €39,385 | €49,513 | ▲ 25.7% |
| Taxes450/3 | €11,169 | €9,631 | €3,838 | €32,956 | €46,929 | ▲ 42.4% |
| Remuneration and social security454/9 | - | - | €1,598 | €6,429 | €2,583 | ▼ 59.8% |
| Accrued charges and deferred income492/3 | - | €749 | - | - | €1,400 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,711 | -€12,369 | -€21,789 | -€2,039 | €29,356 | ▲ 1,540% |
| + Depreciation and write-downs630 | €2,598 | €5,444 | €9,705 | €15,531 | €19,231 | ▲ 23.8% |
| Operating cash flow (approximation) | €30,310 | -€6,925 | -€12,085 | €13,493 | €48,587 | ▲ 260% |
| Investment in fixed assets (approximation) | - | -€13,199 | -€54,572 | -€60,969 | €455 | ▲ 101% |
| Change in cash | - | -€18,165 | €10,304 | €27,788 | -€2,682 | ▼ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-01
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2025
31-12
Financial
Back to profitnet €29,356
Net result €29,356 after 3 loss-making years.
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 132 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€21,789
Net result drops to -€21,789, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Herzele · 1 establishment unit since 2023
Ground area
1,072 m²
Building footprint
52 m²
Volume, LiDAR
299 m³
Parcel 41027A0853/00L000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brasserie 14
since 20232.352.293.055
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41027A0853/00L000 | Flanders | 1,072 m² | 1 · 51 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerzele2.352.293.055
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Of 506 companies in sector 92000 we hold annual accounts for 302. 138 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
92000
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Contact
E-mail
mertensmichael8@gmail.comHerzele
Phone
0472936405Herzele
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761528885
Also
9925:BE0761528885
Registered
15-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.