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BAR MIKE

Active
Private limited companyfounded 2024active for 1 yearBelfortstraat 10, 9000 Gent, BelgiumKBO/BCE: BE 1016.691.543
Summary

The computed 12-month bankruptcy probability of BAR MIKE is 4.1% (elevated). The 2025 annual accounts show equity of €1,157 and a net result of -€1,843. Its solvency ranks better than 30% of 16,816 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
BAR MIKEActiveChecked score 47/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301
1 site
Size
€21,482total assets 2025
Equity
€1,157
Loss
-€1,843
Turnover not published (micro format)
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.1%
Structure
2025 accounts filed 28 days late
Why 47raises riskSector: Food and beverage service activities (NACE 56)Founded in 2024Equity €1,157 (5.4% of total assets)Size: total assets €21,482Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (NACE 56, micro)
Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 30
equity 5.4% of total assets
Liquidity 15
short-term debt 94.6% · cash 11.8%
Profitability 11
return on assets -8.6%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,755 companies, NACE 56, micro)
Last 24 months 12-2025: 3.9%lowest value 01-2026: 3.9%● unchanged vs 12-2025lowest value 02-2026: 4.0%▲ +0.1 percentage points vs 01-2026 03-2026: 4.4%▲ +0.4 percentage points vs 02-2026 04-2026: 4.6%▲ +0.2 percentage points vs 03-2026 05-2026: 4.9%▲ +0.3 percentage points vs 04-2026 06-2026: 4.9%● unchanged vs 05-2026 07-2026: 5.3%▲ +0.4 percentage points vs 06-2026highest value 08-2026: 5.3%● unchanged vs 07-2026 09-2026: 4.2%▼ -1.1 percentage points vs 08-2026 10-2026: 4.1%▼ -0.1 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.8, below 1; short-term debt: 94.6% and cash: 11.8% of total assets), and 94.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 30% on solvency, 13% on liquidity and 22% on profitability.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises risk
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €1,157 (5.4% of total assets)
NBB · annual accounts
raises risk · Size: total assets €21,482
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
28 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Galeyn Stanley (director)Appointment: Ropcke Maité (director) ·…
  3. IncorporationAppointments: COLLE,Max Frederick George (director)…

Key points

  • Board2 directors in office 2 View
  • Total assets 2025first financial year filed €21,482 View
  • Active since 2024founded 27-11-2024 1 years View

By topic

Financials

Financial year
2025
Total assets
€21,482
Loss
-€1,843
Solvency
5.4%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
27-11-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
30
Who signs
Each director alone
Annual meeting
Last Friday of June at 19:00
Purpose
“Uitbating horeca zaak in de meest algemene zin met verkoop van eetwaren en dranken…” (deed in Dutch)
Go to Articles of association

Key facts about BAR MIKE

What is the company number of BAR MIKE?
1016.691.543. In Belgium the VAT number is the company number with BE in front: BE 1016.691.543.
Where is BAR MIKE based?
The registered office is at Belfortstraat 10, 9000 Gent.Company details
What does BAR MIKE do?
According to the KBO register, the main activity is cafés and bars (NACE 56301).
What is the legal form of BAR MIKE?
Private limited company (BV).
When was BAR MIKE founded?
On 27-11-2024.
Is BAR MIKE still active?
Yes, BAR MIKE is an active enterprise in the KBO register.
What is the turnover of BAR MIKE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is BAR MIKE profitable?
In financial year 2025, BAR MIKE made a loss of €1,843.
Where can I find the annual accounts of BAR MIKE?
BAR MIKE filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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