M.G.N.
ActiveM.G.N. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+48
Solvency100▲+46
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.33 in 2023; short-term debt: 15.8% and cash: 19.4% of total assets), and 15.8% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €31k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
27 d late
2022
32 d late
2021
24 d late
2020
25 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€37k▼ 29.2%
2023 · €52k
2018: €18k
2019: €32k
2020: €42k
2021: €84k
2022: €114k
2023: €52k
2018 → 2024
Net result
€16k
2023 · €-3k
2018: €-2k
2019: €2k
2020: €7k
2021: €31k
2022: €-10k
2023: €-3k
2018 → 2024
Working capital
€1k
2023 · €-24k
2018: €-12k
2019: €-10k
2020: €-20k
2021: €-7k
2022: €-32k
2023: €-24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€-3k-€28k€18k▼ 35.9%€15k▼ 15.2%€31k▲ 104%
Operating result€-2k-€17k€-10k€-773▲ 91.9%€16k
Net result€7k-€31k▲ 355%€-10k€-3k▲ 72.8%€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €16k after a loss of €773 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37k
Fixed assets
€29k▼ 25.6%
Current assets
€7k▼ 41.1%
Equity and liabilities €37k
Equity
€31k▲ 104%
Debt
€6k▼ 84.2%
The debt ratio falls from 70.8% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2023 · €9k
Cash flow
€26k▲
2023 · €7k
Solvency
84.2%▲
2023 · 29.2%
Current ratio
1.23▲
2023 · 0.33
Quick ratio
1.23▲
2023 · 0.18
Debt / equity
0.19▼
2023 · 2.42
ROE
50.9%▲
2023 · -17.9%
ROA
42.8%▲
2023 · -5.2%
Interest coverage
162.98▲
2023 · 4.76
Debt
€6k▼
2023 · €37k
Debt ≤ 1 year
€6k▼
2023 · €37k
Staff costs
€-4k▼
2023 · €46k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€52k€37k▼
Fixed assets21/28€40k€29k▼
Intangible fixed assets21€15k€13k▼
Tangible fixed assets22/27€19k€10k▼
Furniture and vehicles24€3k-
Other tangible fixed assets26€16k€10k▼
Financial fixed assets28€6k€6k=
Current assets29/58€12k€7k▼
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€4k-
Trade receivables40€2k-
Other amounts receivable41€2k-
Cash at bank and in hand54/58€1k€7k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€52k€37k▼
Equity10/15€15k€31k▲
Contributions10/11€19k€19k=
Reserves13€7k€7k=
Non-distributable reserves130/1€778€778=
Reserves not available under the articles1311€778€778=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-11k€5k▲
Amounts payable17/49€37k€6k▼
Amounts payable within one year42/48€37k€6k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€13k€6k▼
Suppliers440/4€13k€6k▼
Taxes, remuneration and social security45€12k€44▼
Taxes450/3€3k€44▼
Remuneration and social security454/9€9k-
Other amounts payable47/48€7k-
Income statement
Code20232024
Remuneration, social security and pensions62€46k€-4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€9k€1k▼
Gross operating margin9900€65k€23k▼
Operating profit (loss)9901€-773€16k▲
Financial income75/76B€33€0▼
Recurring financial income75€33€0▼
Financial charges65/66B€2k€159▼
Recurring financial charges65€2k€159▼
Profit (loss) for the period before taxes9903€-3k€16k▲
Profit (loss) for the period9904€-3k€16k▲
Profit (loss) for the period to be appropriated9905€-3k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€5k▲
Profit (loss) brought forward from the previous period14P€-8k€-11k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.23
Current ratio from 0.33 to 1.23; short-term debt falls from €37k to €6k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-10k ▼132%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲355%
Operating result €17k, net result €31k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 47 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Herstal · 1 establishment unit since 1995
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.
Rue Arnold Delsupexhe 364040 HerstalGround area
1,434 m²
Parcel 62051C0430/00S000, Wallonia. Linked by address, not a title deed.
1 establishment unit
LE GRAND CAFE
since 19952.264.015.137
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0430/00S000 | Wallonia | 1,434 m² | - | - |
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.
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MOEMOE
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GHAMAR
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 4,103 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-1995
Fiscal year end31-12
Activities, NACEBEL
55401
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
55302
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.