Ker Mich
ActiveSummary
The computed 12-month bankruptcy probability of Ker Mich is 3.3% (moderate). The 2025 annual accounts show negative equity (-€10,876) and a net result of -€12,471. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 13604 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▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.83 in 2024; short-term debt: 139.7% and cash: 13% of total assets), and equity is negative.
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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 2025Solvency, return and age of the figures
Solvency
-39.7%
Return on assets
-45.5%
Age of the figures
15 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
19202122232425
2019 to 2025 · latest year -€10,876
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-08-2025, 157 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
157 d early
2024
3 d late
2023
23 d early
2022
21 d late
2021
21 d late
2020
16 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€10,876
2024 · €1,594
Total assets
€27,425▼ 3.8%
2024 · €28,514
Net result
-€12,471▲ 25.8%
2024 · -€16,813
Working capital
-€15,836▼ 255%
2024 · -€4,463
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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-€5,379▼ 35.7%€1,582€7,161▲ 353%-€13,379-€9,885▲ 26.1%
Net result€8,564within the sector's middle half-€1,491within the sector's middle half€3,952within the sector's middle half-€16,813below the sector's middle half-€12,471below the sector's middle half▲ 25.8%
Equity€15,946within the sector's middle half▲ 116%€14,455within the sector's middle half▼ 9.3%€18,407within the sector's middle half▲ 27.3%€1,594within the sector's middle half▼ 91.3%-€10,876below the sector's middle half
Total assets€48,203within the sector's middle half▲ 47.3%€41,962below the sector's middle half▼ 12.9%€42,491below the sector's middle half▲ 1.3%€28,514below the sector's middle half▼ 32.9%€27,425below the sector's middle half▼ 3.8%
Debt€32,257▲ 27.3%€27,507▼ 14.7%€24,085▼ 12.4%€26,920▲ 11.8%€38,302▲ 42.3%
Working capital€7,600within the sector's middle half€6,761within the sector's middle half▼ 11.0%€9,785within the sector's middle half▲ 44.7%-€4,463within the sector's middle half-€15,836within the sector's middle half▼ 255%
Solvency33.1%within the sector's middle half▲ 10.5pp34.4%within the sector's middle half▲ 1.4pp43.3%within the sector's middle half▲ 8.9pp5.6%within the sector's middle half▼ 37.7pp-39.7%below the sector's middle half▼ 45.2pp
Current ratio1.24within the sector's middle half▲ 0.341.25within the sector's middle half▲ 0.011.41within the sector's middle half▲ 0.160.83within the sector's middle half▼ 0.570.59within the sector's middle half▼ 0.25
Return on assets (ROA)17.8%within the sector's middle half▲ 18.3pp-3.6%within the sector's middle half▼ 21.3pp9.3%within the sector's middle half▲ 12.9pp-59.0%below the sector's middle half▼ 68.3pp-45.5%below the sector's middle half▲ 13.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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
The operating result stays negative: a loss of €9,885 in 2025 against €13,379 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,425
Fixed assets
€4,960 ▼ 16.9%
Current assets
€22,465 =
Key figures and ratios
EBITDA
-€6,932▲
2024 · -€10,690
Cash flow
-€9,518▲
2024 · -€14,124
Quick ratio
0.37▼
2024 · 0.59
Debt to equity
-3.52▼
2024 · 16.89
Interest coverage
-2.83▲
2024 · -3.24
Debt ≤ 1 year
€38,302▲
2024 · €26,920
Income taxes
€141▲
2024 · €134
Staff costs
€76,945▲
2024 · €68,604
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,940 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,000 | €10,048 | - | - | - |
| Remuneration, social security and pensions62 | - | €46,870 | €54,772 | €68,604 | €76,945 | ▲ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,748 | €1,842 | €2,586 | €2,689 | €2,953 | ▲ 9.8% |
| Other operating charges640/8 | - | €3,205 | €2,220 | €3,380 | €2,577 | ▼ 23.8% |
| Gross operating margin9900 | €9,433 | €53,499 | €66,739 | €61,294 | €72,591 | ▲ 18.4% |
| Operating profit (loss)9901 | -€5,379 | €1,582 | €7,161 | -€13,379 | -€9,885 | ▲ 26.1% |
| Financial income75/76B | - | €0 | €0 | €1 | €3 | ▲ 259% |
| Recurring financial income75 | - | €0 | €0 | €1 | €3 | ▲ 259% |
| Financial charges65/66B | - | €2,413 | €2,756 | €3,301 | €2,447 | ▼ 25.9% |
| Recurring financial charges65 | €778 | €2,413 | €2,756 | €3,301 | €2,447 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | €8,843 | -€831 | €4,405 | -€16,678 | -€12,329 | ▲ 26.1% |
| Income taxes67/77 | €279 | €660 | €453 | €134 | €141 | ▲ 5.4% |
| Profit (loss) for the period9904 | €8,564 | -€1,491 | €3,952 | -€16,813 | -€12,471 | ▲ 25.8% |
| Profit (loss) for the period to be appropriated9905 | €8,564 | -€1,491 | €3,952 | -€16,813 | -€12,471 | ▲ 25.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,203 | €41,962 | €42,491 | €28,514 | €27,425 | ▼ 3.8% |
| Formation expenses20 | €353 | €265 | €177 | €88 | - | - |
| Fixed assets21/28 | €7,992 | €7,429 | €8,445 | €5,969 | €4,960 | ▼ 16.9% |
| Tangible fixed assets22/27 | €7,306 | €6,743 | €7,759 | €5,158 | €4,149 | ▼ 19.6% |
| Plant, machinery and equipment23 | - | - | €2,164 | €1,647 | €2,721 | ▲ 65.2% |
| Furniture and vehicles24 | - | €2,361 | €2,452 | €1,606 | €760 | ▼ 52.7% |
| Other tangible fixed assets26 | - | €4,381 | €3,143 | €1,906 | €668 | ▼ 65.0% |
| Financial fixed assets28 | €686 | €686 | €686 | €811 | €811 | = |
| Current assets29/58 | €39,858 | €34,268 | €33,870 | €22,456 | €22,465 | = |
| Stocks and contracts in progress3 | €6,669 | €8,551 | €8,352 | €6,533 | €8,449 | ▲ 29.3% |
| Stocks30/36 | - | €8,551 | €8,352 | €6,533 | €8,449 | ▲ 29.3% |
| Amounts receivable within one year40/41 | €9,989 | €629 | €619 | €676 | €3,472 | ▲ 414% |
| Trade receivables40 | - | - | - | - | €2,759 | - |
| Other amounts receivable41 | - | €629 | €619 | €676 | €713 | ▲ 5.5% |
| Cash at bank and in hand54/58 | €21,441 | €24,302 | €13,496 | €6,417 | €3,558 | ▼ 44.5% |
| Deferred charges and accrued income490/1 | - | €786 | €11,403 | €8,831 | €6,985 | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,203 | €41,962 | €42,491 | €28,514 | €27,425 | ▼ 3.8% |
| Equity10/15 | €15,946 | €14,455 | €18,407 | €1,594 | -€10,876 | ▼ 782% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€2,654 | -€4,145 | -€193 | -€17,006 | -€29,476 | ▼ 73.3% |
| Amounts payable17/49 | €32,257 | €27,507 | €24,085 | €26,920 | €38,302 | ▲ 42.3% |
| Amounts payable within one year42/48 | €32,257 | €27,507 | €24,085 | €26,920 | €38,302 | ▲ 42.3% |
| Trade debts44 | €15,245 | €8,469 | €3,861 | €5,058 | €8,713 | ▲ 72.3% |
| Suppliers440/4 | - | €8,469 | €3,861 | €5,058 | €8,713 | ▲ 72.3% |
| Taxes, remuneration and social security45 | - | €4,646 | €6,194 | €9,115 | €13,648 | ▲ 49.7% |
| Taxes450/3 | - | €1,519 | €1,493 | €1,048 | €1,164 | ▲ 11.0% |
| Remuneration and social security454/9 | - | €3,127 | €4,701 | €8,067 | €12,484 | ▲ 54.8% |
| Other amounts payable47/48 | - | €14,393 | €14,029 | €12,747 | €15,940 | ▲ 25.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,564 | -€1,491 | €3,952 | -€16,813 | -€12,471 | ▲ 25.8% |
| + Depreciation and write-downs630 | €1,748 | €1,842 | €2,586 | €2,689 | €2,953 | ▲ 9.8% |
| Operating cash flow (approximation) | €10,312 | €351 | €6,538 | -€14,124 | -€9,518 | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | -€1,278 | -€3,603 | -€213 | -€1,944 | ▼ 811% |
| Change in cash | - | €2,861 | -€10,807 | -€7,079 | -€2,858 | ▲ 59.6% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet -€16,813
Net result drops to -€16,813, the lowest in the series; recovery starts the following year.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €3,952
Net result €3,952 after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
30-06
Financial
Back to profitnet €8,564
Net result €8,564 after one loss-making year.
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Grez-Doiceau · 1 establishment unit since 2015
Ground area
3,483 m²
Building footprint
2,156 m²
Volume, LiDAR
32,901 m³
Parcel 25037F0176/00S000, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
63
companies at this address
See who is registered here
1 establishment unit
Ligne 313
since 20152.239.236.387
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037F0176/00S000 | Wallonia | 3,483 m² | 1 · 2,156 m² | 15.9 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrez-Doiceau2.239.236.387
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 2,328 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
Founded05-02-2015
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597727658
Also
9925:BE0597727658
Registered
17-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.