M&F
ActiveThe computed 12-month bankruptcy probability of M&F is 1.5% (moderate). The 2025 annual accounts show equity of €57k and a net result of €7k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 78% of 18281 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+7
Solvency93▲+38
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 1.29 in 2024; short-term debt: 32.4% and cash: 27.5% of total assets), and 32.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 47
higher
← 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
67.6%
Return on assets
8.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €57k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
16 d early
2023
62 d late
2022
59 d late
2021
43 d late
2020
61 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▲ 13.7%
2024 · €50k
2020: €53k
2021: €69k
2022: €32k
2023: €8k
2024: €50k
2020 → 2025
Total assets
€85k▼ 49.4%
2024 · €168k
2020: €245k
2021: €102k
2022: €54k
2023: €65k
2024: €168k
2020 → 2025
Net result
€7k▲ 56.3%
2024 · €4k
2020: €3k
2021: €15k
2022: €-37k
2023: €-23k
2024: €4k
2020 → 2025
Working capital
€44k▲ 29.5%
2024 · €34k
2020: €52k
2021: €68k
2022: €37k
2023: €-12k
2024: €34k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€32k▼ 53.7%€8k▼ 73.7%€50k▲ 502%€57k▲ 13.7%
Operating result€-55k-€-37k▲ 32.0%€-23k▲ 37.7%€6k€9k▲ 55.5%
Net result€15k-€-37k€-23k▲ 36.4%€4k€7k▲ 56.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€13k▼ 18.7%
Current assets
€71k▼ 52.7%
Equity and liabilities €85k
Equity
€57k▲ 13.7%
Debt
€28k▼ 76.5%
The debt ratio falls from 69.9% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €10k
Cash flow
€11k▲
2024 · €8k
Solvency
67.6%▲
2024 · 30.1%
Current ratio
2.59▲
2024 · 1.29
Quick ratio
0.94▼
2024 · 1.04
Debt / equity
0.48▼
2024 · 2.32
ROE
12.1%▲
2024 · 8.8%
ROA
8.1%▲
2024 · 2.6%
Interest coverage
74.83▲
2024 · 51.35
Debt
€28k▼
2024 · €117k
Debt ≤ 1 year
€28k▼
2024 · €117k
Income taxes
€2k▲
2024 · €1k
Staff costs
€13k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€168k€85k▼
Fixed assets21/28€17k€13k▼
Intangible fixed assets21€14k€10k▼
Tangible fixed assets22/27-€913
Furniture and vehicles24-€913
Financial fixed assets28€3k€3k=
Current assets29/58€151k€71k▼
Stocks and contracts in progress3€29k€45k▲
Stocks30/36€29k€45k▲
Amounts receivable within one year40/41€3k€2k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€4k€23k▲
Deferred charges and accrued income490/1€115k€293▼
Equity and liabilities
Total equity and liabilities10/49€168k€85k▼
Equity10/15€50k€57k▲
Contributions10/11€50k€50k=
Reserves13€411€7k▲
Distributable reserves133€411€7k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€117k€28k▼
Amounts payable within one year42/48€117k€28k▼
Trade debts44€592€20k▲
Suppliers440/4€592€20k▲
Advances received on contracts in progress46€115k€0▼
Taxes, remuneration and social security45€1k€6k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€0€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€0€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€823€640▼
Gross operating margin9900€11k€27k▲
Operating profit (loss)9901€6k€9k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€190€179▼
Recurring financial charges65€190€179▼
Profit (loss) for the period before taxes9903€6k€9k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€4k€7k▲
Profit (loss) for the period to be appropriated9905€4k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€411€7k▲
Profit (loss) brought forward from the previous period14P€-4k€0▲
Transfer to equity691/2€411€7k▲
To other reserves6921€411€7k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-09
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-08-18
- Registered-office move, Bredabaan 1121, 2930 Brasschaat
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.59
Current ratio from 1.29 to 2.59; short-term debt falls from €117k to €28k.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet €-37k ▼341%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Highest result since 2020net €15k ▲362%
Net result €15k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.04
Current ratio from 1.27 to 3.04; short-term debt falls from €192k to €33k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bredabaan 10132930 BrasschaatGround area
791 m²
Building footprint
255 m²
Volume, LiDAR
2,287 m³
Parcel 11008H0317/00R000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M&F
since 20202.298.940.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008H0317/00R000 | Flanders | 791 m² | 1 · 255 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteBrasschaat2.298.940.382
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,661 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2020
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.