M.DOYEN
ActiveSummary
M.DOYEN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €23k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+32
Solvency49▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.5 in 2024; short-term debt: 63.3% and cash: 20.1% of total assets), and 75.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.1%
Return on assets
7.2%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
1 d early
2019
31 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
€78k▲ 42.3%
2024 · €55k
2018: €21k
2019: €20k▼ -4.9% vs 2018lowest in 8 years
2020: €44k▲ +125% vs 2019
2021: €55k▲ +24.7% vs 2020
2022: €52k▼ -6.0% vs 2021
2023: €52k▲ +0.9% vs 2022
2024: €55k▲ +4.0% vs 2023
2025: €78k▲ +42.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€322k▲ 34.5%
2024 · €239k
2018: €206k
2019: €191k▼ -6.9% vs 2018lowest in 8 years
2020: €204k▲ +6.6% vs 2019
2021: €230k▲ +12.7% vs 2020
2022: €244k▲ +6.3% vs 2021
2023: €251k▲ +2.8% vs 2022
2024: €239k▼ -4.8% vs 2023
2025: €322k▲ +34.5% vs 2024highest in 8 years
2018 → 2025
Net result
€23k▲ 1,006%
2024 · €2k
2018: €-4klowest in 8 years
2019: €-1k▲ +76.5% vs 2018
2020: €25k▲ +2521% vs 2019highest in 8 years
2021: €11k▼ -55.6% vs 2020
2022: €-3k▼ -131% vs 2021
2023: €468▲ +114% vs 2022
2024: €2k▲ +346% vs 2023
2025: €23k▲ +1006% vs 2024
2018 → 2025
Working capital
€-89k▼ 30.7%
2024 · €-68k
2018: €-42k
2019: €-43k▼ -3.3% vs 2018
2020: €-37k▲ +15.7% vs 2019highest in 8 years
2021: €-42k▼ -15.4% vs 2020
2022: €-79k▼ -88.1% vs 2021
2023: €-60k▲ +24.3% vs 2022
2024: €-68k▼ -12.8% vs 2023
2025: €-89k▼ -30.7% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€52k▼ 6.0%€52k▲ 0.9%€55k▲ 4.0%€78k▲ 42.3%
2021: €55k
2022: €52k▼ -6.0% vs 2021lowest in 5 years
2023: €52k▲ +0.9% vs 2022
2024: €55k▲ +4.0% vs 2023
2025: €78k▲ +42.3% vs 2024highest in 5 years
Operating result€22k-€4k▼ 81.2%€10k▲ 137%€6k▼ 41.8%€43k▲ 673%
2021: €22k
2022: €4k▼ -81.2% vs 2021lowest in 5 years
2023: €10k▲ +137% vs 2022
2024: €6k▼ -41.8% vs 2023
2025: €43k▲ +673% vs 2024highest in 5 years
Net result€11k-€-3k€468€2k▲ 346%€23k▲ 1,006%
2021: €11k
2022: €-3k▼ -131% vs 2021lowest in 5 years
2023: €468▲ +114% vs 2022
2024: €2k▲ +346% vs 2023
2025: €23k▲ +1006% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 673% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€207k ▲ 21.5%
Current assets
€115k ▲ 66.5%
Equity and liabilities €322k
Equity
€78k ▲ 42.3%
Debt
€244k ▲ 32.2%
Debt's share of the balance-sheet total falls from 77.2% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▲
2024 · €22k
Cash flow
€42k▲
2024 · €18k
Current ratio
0.56▲
2024 · 0.50
Quick ratio
0.54▲
2024 · 0.45
Debt to equity
3.14▼
2024 · 3.38
ROE
29.7%▲
2024 · 3.8%
ROA
7.2%▲
2024 · 0.9%
Interest coverage
7.26▲
2024 · 3.14
Debt ≤ 1 year
€204k▲
2024 · €137k
Debt > 1 year
€37k▼
2024 · €46k
Income taxes
€12k▲
2024 · €1k
Staff costs
€69k▼
2024 · €95k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€239k€322k▲
Fixed assets21/28€170k€207k▲
Tangible fixed assets22/27€82k€119k▲
Land and buildings22€41k€39k▼
Plant, machinery and equipment23€16k€11k▼
Furniture and vehicles24€21k€14k▼
Other tangible fixed assets26€4k€8k▲
Assets under construction and advance payments27-€47k
Financial fixed assets28€88k€88k=
Current assets29/58€69k€115k▲
Stocks and contracts in progress3€7k€4k▼
Stocks30/36€7k€4k▼
Amounts receivable within one year40/41€16k€42k▲
Trade receivables40€16k€31k▲
Other amounts receivable41-€11k
Cash at bank and in hand54/58€40k€65k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€239k€322k▲
Equity10/15€55k€78k▲
Contributions10/11€6k€6k=
Reserves13€42k€65k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€37k€60k▲
Profit (loss) carried forward14€7k€7k▲
Amounts payable17/49€185k€244k▲
Amounts payable after more than one year17€46k€37k▼
Financial debts170/4€46k€37k▼
Amounts payable within one year42/48€137k€204k▲
Current portion of amounts payable after more than one year42€10k€9k▼
Trade debts44€64k€83k▲
Suppliers440/4€64k€83k▲
Taxes, remuneration and social security45€38k€30k▼
Taxes450/3€11k€13k▲
Remuneration and social security454/9€27k€17k▼
Other amounts payable47/48€24k€81k▲
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€95k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€123k€133k▲
Operating profit (loss)9901€6k€43k▲
Financial income75/76B€4k€0▼
Recurring financial income75€5€0▼
Non-recurring financial income76B€4k€0▼
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€3k€35k▲
Income taxes67/77€1k€12k▲
Profit (loss) for the period9904€2k€23k▲
Profit (loss) for the period to be appropriated9905€2k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€30k▲
Profit (loss) brought forward from the previous period14P€5k€7k▲
Transfer to equity691/2-€23k
To other reserves6921-€23k
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €84k | €98k | €106k | €95k | €69k | ▼ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €18k | €16k | €19k | ▲ 16.2% |
| Other operating charges640/8 | €2k | €1k | €2k | €2k | €2k | ▲ 20.7% |
| Non-recurring operating charges66A | - | - | - | €4k | €0 | ▼ 100% |
| Gross operating margin9900 | €120k | €115k | €136k | €123k | €133k | ▲ 8.7% |
| Operating profit (loss)9901 | €22k | €4k | €10k | €6k | €43k | ▲ 673% |
| Financial income75/76B | €12 | €7 | €0 | €4k | €0 | ▼ 100.0% |
| Recurring financial income75 | €12 | €7 | €0 | €5 | €0 | ▼ 93.3% |
| Non-recurring financial income76B | - | - | - | €4k | €0 | ▼ 100% |
| Financial charges65/66B | €7k | €7k | €7k | €7k | €9k | ▲ 23.2% |
| Recurring financial charges65 | €7k | €7k | €7k | €7k | €9k | ▲ 23.2% |
| Profit (loss) for the period before taxes9903 | €15k | €-3k | €3k | €3k | €35k | ▲ 1,027% |
| Income taxes67/77 | €4k | €291 | €3k | €1k | €12k | ▲ 1,073% |
| Profit (loss) for the period9904 | €11k | €-3k | €468 | €2k | €23k | ▲ 1,006% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-3k | €468 | €2k | €23k | ▲ 1,006% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230k | €244k | €251k | €239k | €322k | ▲ 34.5% |
| Fixed assets21/28 | €149k | €179k | €168k | €170k | €207k | ▲ 21.5% |
| Tangible fixed assets22/27 | €73k | €93k | €82k | €82k | €119k | ▲ 44.4% |
| Land and buildings22 | €46k | €44k | €44k | €41k | €39k | ▼ 6.5% |
| Plant, machinery and equipment23 | €17k | €24k | €20k | €16k | €11k | ▼ 27.9% |
| Furniture and vehicles24 | €8k | €23k | €17k | €21k | €14k | ▼ 31.9% |
| Other tangible fixed assets26 | €2k | €1k | €841 | €4k | €8k | ▲ 74.1% |
| Assets under construction and advance payments27 | - | - | - | - | €47k | - |
| Financial fixed assets28 | €76k | €86k | €86k | €88k | €88k | = |
| Current assets29/58 | €81k | €65k | €84k | €69k | €115k | ▲ 66.5% |
| Stocks and contracts in progress3 | €6k | €7k | €7k | €7k | €4k | ▼ 38.6% |
| Stocks30/36 | €6k | €7k | €7k | €7k | €4k | ▼ 38.6% |
| Amounts receivable within one year40/41 | €24k | €21k | €16k | €16k | €42k | ▲ 165% |
| Trade receivables40 | €22k | €18k | €16k | €16k | €31k | ▲ 94.6% |
| Other amounts receivable41 | €1k | €2k | €0 | - | €11k | - |
| Cash at bank and in hand54/58 | €41k | €30k | €53k | €40k | €65k | ▲ 60.1% |
| Deferred charges and accrued income490/1 | €10k | €7k | €7k | €6k | €4k | ▼ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230k | €244k | €251k | €239k | €322k | ▲ 34.5% |
| Equity10/15 | €55k | €52k | €52k | €55k | €78k | ▲ 42.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €42k | €42k | €42k | €42k | €65k | ▲ 55.4% |
| Non-distributable reserves130/1 | €7k | €7k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Own shares acquired1312 | - | - | €0 | - | - | - |
| Other1319 | €5k | €5k | - | - | - | - |
| Tax-exempt reserves132 | - | - | €5k | €5k | €5k | = |
| Distributable reserves133 | €35k | €35k | €37k | €37k | €60k | ▲ 62.6% |
| Profit (loss) carried forward14 | €8k | €4k | €5k | €7k | €7k | ▲ 1.2% |
| Amounts payable17/49 | €175k | €192k | €199k | €185k | €244k | ▲ 32.2% |
| Amounts payable after more than one year17 | €51k | €48k | €55k | €46k | €37k | ▼ 20.3% |
| Financial debts170/4 | €51k | €48k | €55k | €46k | €37k | ▼ 20.3% |
| Amounts payable within one year42/48 | €123k | €145k | €144k | €137k | €204k | ▲ 48.8% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | €8k | €10k | €9k | ▼ 7.0% |
| Trade debts44 | €83k | €95k | €72k | €64k | €83k | ▲ 29.0% |
| Suppliers440/4 | €83k | €95k | €72k | €64k | €83k | ▲ 29.0% |
| Taxes, remuneration and social security45 | €29k | €21k | €36k | €38k | €30k | ▼ 21.5% |
| Taxes450/3 | €12k | €6k | €12k | €11k | €13k | ▲ 16.2% |
| Remuneration and social security454/9 | €17k | €15k | €24k | €27k | €17k | ▼ 37.8% |
| Other amounts payable47/48 | €7k | €26k | €27k | €24k | €81k | ▲ 234% |
| Accrued charges and deferred income492/3 | €710 | €12 | €17 | €1k | €3k | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-3k | €468 | €2k | €23k | ▲ 1,006% |
| + Depreciation and write-downs630 | €12k | €12k | €18k | €16k | €19k | ▲ 16.2% |
| Operating cash flow (approximation) | €23k | €8k | €19k | €18k | €42k | ▲ 129% |
| Investment in fixed assets (approximation) | - | €-41k | €-7k | €-19k | €-55k | ▼ 197% |
| Change in cash | - | €-11k | €23k | €-13k | €24k | ▲ 287% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €468
Net result €468 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Marche-en-Famenne · 1 establishment unit since 2013
Ground area
666 m²
Building footprint
94 m²
Parcel 83053D0149/00N002, Wallonia. Linked by address, not a title deed.
1 establishment unit
BOUCHERIE KESCH-DOYEN
since 20132.217.087.626
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83053D0149/00N002 | Wallonia | 666 m² | 1 · 93 m² | - |
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 siteMarche-en-Famenne2.217.087.626
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Of 3,042 companies in sector 47221 we hold annual accounts for 1,564. 1,366 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
Founded05-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.