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M-FRESH

Active
Private limited companyfounded 20214 yrs activeLindenlaan 11, 9260 Wichelen, BelgiumKBO/BCE: BE 0779.417.071
Summary

The computed 12-month bankruptcy probability of M-FRESH is 2.2% (moderate). The 2025 annual accounts show negative equity (-€12,134) and a net result of €16,578. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 13% of 12918 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M-FRESHActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of fruit and vegetables, excluding potatoes
NACE 46319
1 site
Size
€33,274total assets 2025
Equity
-€12,134
Profit
€16,578
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
2.2%
Structure
Accounts filed 28 d late0 of 2 deeds read
Why 54- Founded in 2021- Latest accounts 28 days late; 2 of the last 3 late- Negative equity -€12,134- Size: total assets €33,274Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 63% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 0=
equity -36.5% of total assets
Liquidity 57+22
short-term debt 16.3% · cash 8.7%
Profitability 100=
return on assets 49.8%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,775 companies)
Last 24 months 11-2024: 6.0% 12-2024: 6.9%▲ +14.1% vs 11-2024 01-2025: 8.8%▲ +27.2% vs 12-2024 02-2025: 8.8%● 0.0% vs 01-2025 03-2025: 6.6%▼ -24.6% vs 02-2025 04-2025: 6.7%▲ +1.3% vs 03-2025 05-2025: 6.7%● -0.0% vs 04-2025 06-2025: 6.5%▼ -3.2% vs 05-2025 07-2025: 6.4%▼ -1.1% vs 06-2025 08-2025: 7.0%▲ +8.5% vs 07-2025 09-2025: 6.9%▼ -0.1% vs 08-2025 10-2025: 8.7%▲ +24.9% vs 09-2025 11-2025: 8.6%▼ -0.6% vs 10-2025 12-2025: 10.0%▲ +15.6% vs 11-2025 01-2026: 12.9%▲ +29.2% vs 12-2025highest value 02-2026: 12.9%● 0.0% vs 01-2026highest value 03-2026: 12.9%● 0.0% vs 02-2026highest value 04-2026: 12.1%▼ -6.3% vs 03-2026 05-2026: 12.1%● 0.0% vs 04-2026 06-2026: 11.9%▼ -1.4% vs 05-2026 07-2026: 11.9%● 0.0% vs 06-2026 08-2026: 6.2%▼ -48.3% vs 07-2026 09-2026: 2.2%▼ -64.0% vs 08-2026 10-2026: 2.2%▼ -0.1% vs 09-2026lowest value
  • Founded in 2021 raises the probability for this profile
  • Latest accounts 28 days late; 2 of the last 3 late raises the probability
  • Negative equity -€12,134 raises the probability
  • Size: total assets €33,274 raises the probability for this profile
No credit on open account
Liquidity ample (current ratio 4.85 against 0.81 in 2024; short-term debt: 16.3% and cash: 8.7% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 63%, profitability 95%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Latest accounts 28 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity -€12,134
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: total assets €33,274
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 12918 sector peers (2025).
NBB · sector comparison
Position among 12918 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filings
Deviation from the deadline
2025
28 d late
2024
348 d late
2023
184 d late
2022
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 147 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 15 November (3 of the last 4 filed years within 79 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Highest result since 2022net €16,578 ▲33.4%

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€12,134 View
  • Caution: Among the weakest 14% on solvencysector median 41.8% · 12,918 companies -36.5% View
  • Total assets 20254 fiscal years filed €33,274 View

By topic

Financials

Fiscal year
2025
Total assets
€33,274
Profit
€16,578
Solvency
-36.5%
Go to Financials

Timeline

Events
8
Since
2023
Next accounts
by 31-07-2027
  1. 28-08-2026Annual accounts filed
  2. 14-07-2026Annual accounts filed
  3. 31-12-2025Highest result since 2022
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of fruit and vegetables, excluding potatoesNACE 46319
Founded
28-12-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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