Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2021 accounts came latest: 21 days after the end of the period.
Lower solvency than 84% of companies in food and beverage service. Sector median 29.7% · 18,509 companies.
In July 2024, 6,909 companies had the same profile as Ker Mich has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,909 companies, not a prediction for Ker Mich. 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.
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.
| Company | ||||
|---|---|---|---|---|
| Ker Mich Grez-Doiceau | €27,425 | €72,591 | -39.7% | - |
| BMZ EVENT Zemst | €27,509 | €83,372 | -135.9% | - |
| RESTAURANT L'INDUSTRIE Binche | €30,410 | €78,479 | 40.0% | - |
| Tuga Schilde | €27,623 | €87,741 | 54.8% | - |
| MARKRI Antwerp | €31,223 | €61,789 | 8.9% | - |
| DOMIJACQ Braine-le-Château | €38,304 | €85,623 | -168.4% | - |
| Bistro 500 Kampenhout | €25,950 | €93,889 | -329.9% | - |
These companies have the same main activity as Ker Mich: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €25,900 and €38,300, founded between 2014 and 2016.
Ker Mich files the micro format. That format states no turnover. The gross margin rose from €42,329 in 2016 to €72,591 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €200,000 and €310,000.
Higher than 16% of 18,509 companies in 2025.
Higher than 28% of 17,864 companies in 2025.
Higher than 8% of 17,961 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
27,425 | 28,514 | 42,491 | 41,962 | 48,203 | 32,721 | 31,303 | 27,923 | 34,262 | 49,743 | |
20 |
- | 88 | 177 | 265 | 353 | 441 | 530 | 618 | 706 | 795 | |
21/28 |
4,960 | 5,969 | 8,445 | 7,429 | 7,992 | 9,652 | 11,832 | 13,849 | 16,878 | 20,703 | |
22/27 |
4,149 | 5,158 | 7,759 | 6,743 | 7,306 | 8,966 | 11,146 | 13,163 | 16,192 | 19,222 | |
23 |
2,721 | 1,647 | 2,164 | - | - | - | 1,262 | 2,525 | 3,787 | 5,050 | |
24 |
760 | 1,606 | 2,452 | 2,361 | 1,687 | 2,109 | 2,614 | 3,339 | 4,063 | 4,788 | |
26 |
668 | 1,906 | 3,143 | 4,381 | 5,619 | 6,857 | 7,270 | 7,299 | 8,342 | 9,384 | |
28 |
811 | 811 | 686 | 686 | 686 | 686 | 686 | 686 | 686 | 686 | |
29/58 |
22,465 | 22,456 | 33,870 | 34,268 | 39,858 | 22,628 | 18,941 | 13,456 | 16,677 | 29,040 | |
3 |
8,449 | 6,533 | 8,352 | 8,551 | 6,669 | 5,759 | 5,790 | 5,715 | 5,998 | 4,386 | |
30/36 |
8,449 | 6,533 | 8,352 | 8,551 | 6,669 | 5,759 | 5,790 | 5,715 | 5,998 | 4,386 | |
40/41 |
3,472 | 676 | 619 | 629 | 9,989 | 412 | 354 | 2,185 | 312 | 13,111 | |
40 |
2,759 | - | - | - | 8,500 | - | - | 1,850 | - | 12,847 | |
41 |
713 | 676 | 619 | 629 | 1,489 | 412 | 354 | 336 | 312 | 264 | |
54/58 |
3,558 | 6,417 | 13,496 | 24,302 | 21,441 | 15,481 | 12,142 | 4,906 | 9,745 | 8,861 | |
490/1 |
6,985 | 8,831 | 11,403 | 786 | 1,758 | 976 | 655 | 650 | 622 | 2,682 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
27,425 | 28,514 | 42,491 | 41,962 | 48,203 | 32,721 | 31,303 | 27,923 | 34,262 | 49,743 | |
10/15 |
-10,876 | 1,594 | 18,407 | 14,455 | 15,946 | 7,382 | 7,546 | 620 | 6,720 | 6,124 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-29,476 | -17,006 | -193 | -4,145 | -2,654 | -11,218 | -11,054 | -17,980 | -11,880 | -12,476 | |
17/49 |
38,302 | 26,920 | 24,085 | 27,507 | 32,257 | 25,339 | 23,756 | 27,303 | 27,542 | 43,619 | |
17 |
- | - | - | - | - | - | - | 2,842 | 7,001 | 11,037 | |
170/4 |
- | - | - | - | - | - | - | 2,842 | 7,001 | 11,037 | |
42/48 |
38,302 | 26,920 | 24,085 | 27,507 | 32,257 | 25,339 | 23,756 | 24,461 | 20,540 | 32,582 | |
42 |
- | - | - | - | - | - | 2,842 | 4,159 | 4,036 | 3,918 | |
44 |
8,713 | 5,058 | 3,861 | 8,469 | 15,245 | 10,463 | 10,155 | 8,585 | 6,324 | 18,847 | |
440/4 |
8,713 | 5,058 | 3,861 | 8,469 | 15,245 | 10,463 | 10,155 | 8,585 | 6,324 | 18,847 | |
46 |
- | - | - | - | 135 | 3,178 | - | - | - | - | |
45 |
13,648 | 9,115 | 6,194 | 4,646 | 1,220 | 2,391 | 6,553 | 3,571 | 4,534 | 4,556 | |
450/3 |
1,164 | 1,048 | 1,493 | 1,519 | 279 | 123 | 658 | 1,439 | 1,306 | 1,425 | |
454/9 |
12,484 | 8,067 | 4,701 | 3,127 | 941 | 2,268 | 5,895 | 2,132 | 3,228 | 3,131 | |
47/48 |
15,940 | 12,747 | 14,029 | 14,393 | 15,657 | 9,307 | 4,207 | 8,146 | 5,646 | 5,261 | |
| Income statement | |||||||||||
70 |
- | - | - | - | - | - | - | - | - | 197,972 | |
76A |
- | - | 10,048 | 6,000 | 4,466 | - | - | - | 1,596 | 1,256 | |
9900 |
72,591 | 61,294 | 66,739 | 53,499 | 9,433 | 30,915 | 57,485 | 49,455 | 42,286 | 42,329 | |
60/61 |
- | - | - | - | - | - | - | - | - | 156,962 | |
62 |
76,945 | 68,604 | 54,772 | 46,870 | 11,631 | 30,681 | 47,063 | 48,367 | 35,061 | 47,267 | |
630 |
2,953 | 2,689 | 2,586 | 1,842 | 1,748 | 3,093 | 3,231 | 3,118 | 3,118 | 3,118 | |
640/8 |
2,577 | 3,380 | 2,220 | 3,205 | 1,433 | 1,105 | 1,555 | 1,538 | 1,412 | 2,440 | |
9901 |
-9,885 | -13,379 | 7,161 | 1,582 | -5,379 | -3,964 | 5,636 | -3,569 | 2,695 | -10,496 | |
75/76B |
3 | 1 | 0 | 0 | 18,000 | 5,000 | 2,823 | 1 | - | 6 | |
75 |
3 | 1 | 0 | 0 | - | - | 0 | 1 | - | 6 | |
76B |
- | - | - | - | 18,000 | 5,000 | 2,823 | - | - | - | |
65/66B |
2,447 | 3,301 | 2,756 | 2,413 | 3,778 | 1,077 | 1,398 | 2,272 | 2,023 | 3,196 | |
65 |
2,447 | 3,301 | 2,756 | 2,413 | 778 | 1,077 | 1,398 | 2,272 | 2,023 | 3,196 | |
66B |
- | - | - | - | 3,000 | - | - | - | - | - | |
9903 |
-12,329 | -16,678 | 4,405 | -831 | 8,843 | -41 | 7,061 | -5,840 | 671 | -12,430 | |
67/77 |
141 | 134 | 453 | 660 | 279 | 123 | 134 | 261 | 75 | 46 | |
9904 |
-12,471 | -16,813 | 3,952 | -1,491 | 8,564 | -164 | 6,926 | -6,100 | 597 | -12,476 | |
9905 |
-12,471 | -16,813 | 3,952 | -1,491 | 8,564 | -164 | 6,926 | -6,100 | 597 | -12,476 | |
| Appropriation of the result | |||||||||||
9906 |
-29,476 | -17,006 | -193 | -4,145 | -2,654 | -11,218 | -11,054 | -17,980 | -11,880 | -12,476 | |
14P |
-17,006 | -193 | -4,145 | -2,654 | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
- | - | - | - | - | - | 0 | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | 0 | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-08-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-08-2025 | 2025-00413977 | |
| 30-06-2024 | micro format | 03-02-2025 | 2025-00024194 | |
| 30-06-2023 | micro format | 08-01-2024 | 2024-00544978 | |
| 30-06-2022 | micro format | 21-02-2023 | 2023-00032107 | |
| 30-06-2021 | micro format | 21-02-2022 | 2022-06000534 | |
| 30-06-2020 | micro format | 16-02-2021 | 2021-05500024 | |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03300466 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03800495 | |
| 30-06-2017 | full format | 23-01-2018 | 2018-02100054 | |
| 30-06-2016 | full format | 26-01-2017 | 2017-02500127 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -6,932 | -10,690 | 9,748 | 3,424 | -3,631 | -871 | 8,867 | -451 | 5,813 | -7,378 | ||
| -9,518 | -14,124 | 6,538 | 351 | 10,312 | 2,929 | 10,157 | -2,982 | 3,715 | -9,358 | ||
| 1,855 | 125 | 3,514 | 1,190 | 88 | 825 | 1,126 | 88 | -706 | 22,938 | ||
| -2,858 | -7,079 | -10,807 | 2,861 | 5,960 | 3,339 | 7,236 | -4,839 | 884 | - | ||
| -15,836 | -4,463 | 9,785 | 6,761 | 7,600 | -2,711 | -4,816 | -11,005 | -3,863 | -3,542 | ||
| - | - | - | - | - | - | - | - | - | -5.3% | ||
| -39.7% | 5.6% | 43.3% | 34.4% | 33.1% | 22.6% | 24.1% | 2.2% | 19.6% | 12.3% | ||
| 0.59 | 0.83 | 1.41 | 1.25 | 1.24 | 0.89 | 0.80 | 0.55 | 0.81 | 0.89 | ||
| 0.37 | 0.59 | 1.06 | 0.93 | 1.03 | 0.67 | 0.55 | 0.32 | 0.52 | 0.76 | ||
| - | 16.89 | 1.31 | 1.90 | 2.02 | 3.43 | 3.15 | - | 4.10 | 7.12 | ||
| - | - | 21.5% | -10.3% | 53.7% | -2.2% | 91.8% | - | 8.9% | -203.7% | ||
| -45.5% | -59.0% | 9.3% | -3.6% | 17.8% | -0.5% | 22.1% | -21.8% | 1.7% | -25.1% | ||
| -2.83 | -3.24 | 3.54 | 1.42 | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | 24 days | ||
| - | - | - | - | - | - | - | - | - | 44 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,855 | - | €3,514 | €1,190 |
| Financial fixed assets | - | €125 | - | - |
| €2,953 | €2,689 | €2,586 | €1,842 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €9,885, smaller than the loss of €13,379 in 2024.
Equity is negative. Debt (€38,302) exceeds the balance-sheet total (€27,425).
Ker Mich has no parent and no holdings in its annual accounts. is the only director. Ker Mich shares no director with another company.
| BASIC-FIT BELGIUM
establishment since 20-09-2014 · founded in 2009 |
650 FTE (2025) 0810.221.697 |
| AJIMEX
establishment since 09-12-1983 · founded in 1983 |
97 FTE (2026) 0424.876.133 |
| SANI MAT WAVRE
establishment since 01-03-2026 · founded in 2020 |
15 FTE (2025) 0746.980.568 |
| PARC DE GASTUCHE
registered office since 24-05-1989 · founded in 1989 |
total assets €5.3m (2025) 0437.463.367 |
| EFI Global Belgium
establishment since 01-06-2011 · founded in 1999 · negative equity (2024) · accounts filed late |
39 FTE (2024) 0467.209.111 |
| OPTIMADE GROUP
registered office since 27-05-2024 · founded in 2024 |
total assets €3.3m (2025) 1009.731.101 |
| OPTIMADE
registered office since 22-11-2013 · founded in 2013 |
total assets €3.1m (2025) 0542.478.141 |
| JOPIGEST
registered office since 01-01-2004 · founded in 2003 |
total assets €2.9m (2025) 0862.131.941 |
| TechIT.be
registered office since 01-10-2015 · founded in 2012 |
10 FTE (2025) 0849.350.806 |
| JOLY FOOD
establishment since 01-07-2024 · founded in 2022 |
22 FTE (2025) 0793.285.596 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Ligne 313 registered office Chaussée de Wavre 504, 1390 Grez-Doiceau | 01-03-2015 | 2.239.236.387 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25037F0176/00S000 | 3,483 m² | 1 · 2,156 m² | 15.9 m · 5 |
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