Losses
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Higher solvency than 94% of companies in food and beverage service. Sector median 29.5% · 17,158 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 94% of them on solvency, 97% on liquidity, 8% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,223 companies had the same profile as BREW MOOD has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BREW MOOD itself: 1.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for BREW MOOD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 7.75 (7.61 in 2024), above the usual 1.5. Short-term debt is 12.9% and cash 98.6% of total assets. 12.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 49 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BREW MOOD Brussels | €40,561 | -€7,386 | 87.1% | - |
| BRUSSELS TRADERS Evere | €40,981 | -€28,467 | -210.0% | - |
| Koikil Forest | €40,372 | -€2,569 | 1.2% | - |
| EAT & SWEET Sint-Gillis (bij-Brussel) | €37,641 | -€8,811 | -19.6% | - |
| Keskin Antwerp | €41,919 | -€23,484 | -14.5% | - |
| PIZZERIA CARPE DIEM MARCO & GIULIA Charleroi | €40,488 | -€4,965 | -94.0% | - |
| 1979 Gembloux | €34,914 | €710 | 19.4% | - |
These companies have the same main activity as BREW MOOD: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €34,900 and €41,900, founded between 2022 and 2023.
BREW MOOD files the micro format. That format states no turnover. The gross margin fell from -€4,139 in 2023 to -€7,386 in 2025.
In October 2023, the Official Gazette published the appointment of SAGLAM Hüseyin as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.