CTMF
ActiveSummary
The computed 12-month bankruptcy probability of CTMF is 6.9% (elevated). The 2025 annual accounts show negative equity (€-5k) and a net result of €-6k. Equity is shrinking by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 13417 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-38
Growth32=
Track record100
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
61 d late
2021
29 d late
2020
104 d late
2019
56 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-5k
2024 · €801
Total assets
€1k▼ 81.5%
2024 · €6k
Net result
€-6k▼ 293%
2024 · €-1k
Working capital
€-37
2024 · €426
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€102▼ 96.3%€-6k€-693▲ 87.9%€-1k▼ 103%€-6k▼ 293%
Net result€-554€-6k▼ 1,005%€-1k▲ 77.9%€-1k▼ 4.0%€-6k▼ 293%
Equity€10k▼ 5.4%€4k▼ 63.3%€2k▼ 38.0%€801▼ 63.7%€-5k
Total assets€28k▼ 9.0%€20k▼ 29.9%€9k▼ 51.8%€6k▼ 34.0%€1k▼ 81.5%
Debt€18k▼ 10.8%€16k▼ 12.1%€7k▼ 54.9%€5k▼ 24.9%€6k▲ 8.6%
Working capital€15k▼ 11.1%€8k▼ 45.1%€2k▼ 76.0%€426▼ 78.6%€-37
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1k
Fixed assets
€15 ▼ 99.7%
Current assets
€1k =
Key figures and ratios
EBITDA
€-5k▼
2024 · €-63
Cash flow
€-5k▼
2024 · €-63
Debt ≤ 1 year
€1k▲
2024 · €705
Debt > 1 year
€5k=
2024 · €5k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | €274 | ▼ 79.6% |
| Other operating charges640/8 | €817 | €817 | €271 | - | €400 | - |
| Non-recurring operating charges66A | - | - | - | - | €5k | - |
| Gross operating margin9900 | €2k | €-4k | €920 | €-63 | €-63 | = |
| Operating profit (loss)9901 | €102 | €-6k | €-693 | €-1k | €-6k | ▼ 293% |
| Financial charges65/66B | €481 | €380 | €658 | €0 | - | - |
| Recurring financial charges65 | €481 | €380 | €658 | €0 | - | - |
| Non-recurring financial charges66B | €481 | €380 | €658 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €-379 | €-6k | €-1k | €-1k | €-6k | ▼ 293% |
| Income taxes67/77 | €175 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-554 | €-6k | €-1k | €-1k | €-6k | ▼ 293% |
| Profit (loss) for the period to be appropriated9905 | €-554 | €-6k | €-1k | €-1k | €-6k | ▼ 293% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28k | €20k | €9k | €6k | €1k | ▼ 81.5% |
| Fixed assets21/28 | €9k | €8k | €6k | €5k | €15 | ▼ 99.7% |
| Tangible fixed assets22/27 | €9k | €8k | €6k | €5k | - | - |
| Land and buildings22 | €7k | €6k | €6k | €5k | - | - |
| Plant, machinery and equipment23 | €2k | €1k | €783 | €274 | - | - |
| Furniture and vehicles24 | €394 | - | - | - | - | - |
| Financial fixed assets28 | €15 | €15 | €15 | €15 | €15 | = |
| Current assets29/58 | €19k | €12k | €3k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €10k | €6k | - | €953 | €953 | = |
| Trade receivables40 | €6k | €5k | - | - | - | - |
| Other amounts receivable41 | €4k | €1k | - | €953 | €953 | = |
| Cash at bank and in hand54/58 | €9k | €5k | €3k | €178 | €178 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28k | €20k | €9k | €6k | €1k | ▼ 81.5% |
| Equity10/15 | €10k | €4k | €2k | €801 | €-5k | ▼ 690% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | €100 | = |
| Legal reserve130 | €100 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €3k | €-3k | €-4k | €-5k | €-11k | ▼ 100% |
| Amounts payable17/49 | €18k | €16k | €7k | €5k | €6k | ▲ 8.6% |
| Amounts payable after more than one year17 | €15k | €13k | €6k | €5k | €5k | = |
| Financial debts170/4 | €15k | €13k | €6k | €5k | €5k | = |
| Amounts payable within one year42/48 | €4k | €3k | €999 | €705 | €1k | ▲ 65.7% |
| Current portion of amounts payable after more than one year42 | €3k | €2k | - | - | - | - |
| Trade debts44 | - | €623 | - | - | - | - |
| Suppliers440/4 | - | €623 | - | - | - | - |
| Taxes, remuneration and social security45 | €936 | €802 | €953 | - | - | - |
| Taxes450/3 | €936 | €802 | €953 | - | - | - |
| Other amounts payable47/48 | - | - | €46 | €705 | €1k | ▲ 65.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-554 | €-6k | €-1k | €-1k | €-6k | ▼ 293% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | €274 | ▼ 79.6% |
| Operating cash flow (approximation) | €788 | €-5k | €-9 | €-63 | €-5k | ▼ 8,232% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €5k | - |
| Change in cash | - | €-3k | €-2k | €-3k | €0 | ▲ 100% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 104 days late
2020
31-12
Financial
Highest result since 2018net €2k ▲2,268%
Operating result €3k, net result €2k, both a record.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 5.63
Current ratio from 2.23 to 5.63; short-term debt falls from €11k to €4k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 45 days late
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2015
Ground area
2,073 m²
Building footprint
159 m²
Volume, LiDAR
756 m³
Parcel 21614F0170/00C008, Brussels · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GAUFRES-MANIA
since 20152.239.815.419
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614F0170/00C008 | Brussels | 2,073 m² | 1 · 159 m² | 7.1 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.
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 1,541 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
Founded25-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
74301Translation services
Scores and ratios are computed by Checked and are not a credit decision.