M-M
ActiveSummary
The computed 12-month bankruptcy probability of M-M is 2.0% (moderate). The 2025 annual accounts show negative equity (-€6,515) and a net result of -€997. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 3762 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+26
Solvency22=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.04 in 2024; short-term debt: 66.9% and cash: 2.1% of total assets), and equity is negative.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.3%
Return on assets
-0.5%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€6,515
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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
21 d early
2023
27 d late
2022
26 d early
2021
23 d early
2020
11 d late
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€6,515▼ 18.1%
2024 · -€5,518
Total assets
€200,297▼ 1.6%
2024 · €203,654
Net result
-€997▲ 93.4%
2024 · -€15,158
Working capital
-€123,446▼ 5.4%
2024 · -€117,094
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,380▼ 79.0%€5,693▲ 68.4%€8,195▲ 44.0%-€9,259€1,633
Net result-€4,489below the sector's middle half-€1,557within the sector's middle half▲ 65.3%€1,481within the sector's middle half-€15,158below the sector's middle half-€997within the sector's middle half▲ 93.4%
Equity€9,715within the sector's middle half▼ 31.6%€8,159within the sector's middle half▼ 16.0%€9,640within the sector's middle half▲ 18.2%-€5,518below the sector's middle half-€6,515below the sector's middle half▼ 18.1%
Total assets€241,469above the sector's middle half▼ 6.2%€221,754within the sector's middle half▼ 8.2%€218,361within the sector's middle half▼ 1.5%€203,654within the sector's middle half▼ 6.7%€200,297within the sector's middle half▼ 1.6%
Debt€231,754▼ 4.7%€213,595▼ 7.8%€208,721▼ 2.3%€209,172▲ 0.2%€206,812▼ 1.1%
Working capital-€92,399below the sector's middle half▼ 5.2%-€97,409below the sector's middle half▼ 5.4%-€97,535below the sector's middle half▼ 0.1%-€117,094below the sector's middle half▼ 20.1%-€123,446below the sector's middle half▼ 5.4%
Solvency4.0%within the sector's middle half▼ 1.5pp3.7%within the sector's middle half▼ 0.3pp4.4%within the sector's middle half▲ 0.7pp-2.7%within the sector's middle half▼ 7.1pp-3.3%below the sector's middle half▼ 0.5pp
Current ratio0.14below the sector's middle half▼ 0.040.04below the sector's middle half▼ 0.100.11below the sector's middle half▲ 0.070.04below the sector's middle half▼ 0.060.08below the sector's middle half▲ 0.03
Return on assets (ROA)-1.9%within the sector's middle half▼ 5.0pp-0.7%within the sector's middle half▲ 1.2pp0.7%within the sector's middle half▲ 1.4pp-7.4%below the sector's middle half▼ 8.1pp-0.5%within the sector's middle half▲ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,633 after a loss of €9,259 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,297
Fixed assets
€189,739 ▼ 4.3%
Current assets
€10,558 ▲ 92.9%
Key figures and ratios
EBITDA
€10,073▲
2024 · -€535
Cash flow
€7,443▲
2024 · -€6,433
Quick ratio
0.07▲
2024 · 0.04
Debt to equity
-31.74▲
2024 · -37.91
Interest coverage
2.03▲
2024 · -0.09
Debt ≤ 1 year
€134,004▲
2024 · €122,568
Debt > 1 year
€72,808▼
2024 · €86,603
Income taxes
€256▼
2024 · €262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,208 | €10,629 | €10,880 | €8,725 | €8,440 | ▼ 3.3% |
| Other operating charges640/8 | €2,037 | €2,139 | €2,331 | €2,421 | €2,493 | ▲ 3.0% |
| Gross operating margin9900 | €16,624 | €18,461 | €21,406 | €1,886 | €12,566 | ▲ 566% |
| Operating profit (loss)9901 | €3,380 | €5,693 | €8,195 | -€9,259 | €1,633 | ▲ 118% |
| Financial income75/76B | - | - | €2 | - | €2,589 | - |
| Recurring financial income75 | - | - | €2 | - | €2,589 | - |
| Financial charges65/66B | €7,369 | €6,985 | €6,458 | €5,637 | €4,963 | ▼ 12.0% |
| Recurring financial charges65 | €7,369 | €6,985 | €6,458 | €5,637 | €4,963 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | -€3,989 | -€1,292 | €1,740 | -€14,896 | -€741 | ▲ 95.0% |
| Income taxes67/77 | €500 | €264 | €259 | €262 | €256 | ▼ 2.1% |
| Profit (loss) for the period9904 | -€4,489 | -€1,557 | €1,481 | -€15,158 | -€997 | ▲ 93.4% |
| Profit (loss) for the period to be appropriated9905 | -€4,489 | -€1,557 | €1,481 | -€15,158 | -€997 | ▲ 93.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241,469 | €221,754 | €218,361 | €203,654 | €200,297 | ▼ 1.6% |
| Fixed assets21/28 | €226,210 | €217,783 | €206,904 | €198,179 | €189,739 | ▼ 4.3% |
| Intangible fixed assets21 | €1 | €1 | €1 | €1 | €1 | = |
| Tangible fixed assets22/27 | €226,209 | €217,782 | €206,903 | €198,178 | €189,738 | ▼ 4.3% |
| Land and buildings22 | €221,045 | €214,086 | €205,850 | €197,614 | €189,378 | ▼ 4.2% |
| Plant, machinery and equipment23 | €4,310 | €3,127 | €768 | €564 | €360 | ▼ 36.1% |
| Furniture and vehicles24 | €854 | €569 | €285 | - | - | - |
| Current assets29/58 | €15,259 | €3,970 | €11,458 | €5,475 | €10,558 | ▲ 92.9% |
| Stocks and contracts in progress3 | €216 | €208 | €208 | €975 | €829 | ▼ 14.9% |
| Stocks30/36 | €216 | €208 | €208 | €975 | €829 | ▼ 14.9% |
| Amounts receivable within one year40/41 | - | €408 | €1,953 | €690 | €2,066 | ▲ 200% |
| Trade receivables40 | - | €408 | €1,953 | €690 | €2,066 | ▲ 200% |
| Current investments50/53 | - | €2,163 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,948 | €1,191 | €7,767 | €2,130 | €4,248 | ▲ 99.4% |
| Deferred charges and accrued income490/1 | €12,095 | - | €1,529 | €1,680 | €3,414 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241,469 | €221,754 | €218,361 | €203,654 | €200,297 | ▼ 1.6% |
| Equity10/15 | €9,715 | €8,159 | €9,640 | -€5,518 | -€6,515 | ▼ 18.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €1,655 | €99 | €1,580 | -€13,578 | -€14,575 | ▼ 7.3% |
| Amounts payable17/49 | €231,754 | €213,595 | €208,721 | €209,172 | €206,812 | ▼ 1.1% |
| Amounts payable after more than one year17 | €124,096 | €112,216 | €99,728 | €86,603 | €72,808 | ▼ 15.9% |
| Financial debts170/4 | €124,096 | €112,216 | €99,728 | €86,603 | €72,808 | ▼ 15.9% |
| Amounts payable within one year42/48 | €107,658 | €101,379 | €108,993 | €122,568 | €134,004 | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | €11,304 | €11,881 | €12,487 | €13,125 | €13,795 | ▲ 5.1% |
| Financial debts43 | - | €1,132 | - | - | - | - |
| Other loans439 | - | €1,132 | - | - | - | - |
| Trade debts44 | €728 | €2,474 | €1,619 | €725 | €2,499 | ▲ 245% |
| Suppliers440/4 | €728 | €2,474 | €1,619 | €725 | €2,499 | ▲ 245% |
| Taxes, remuneration and social security45 | €2,856 | €4,505 | €4,706 | €1,378 | €2,985 | ▲ 117% |
| Taxes450/3 | €2,856 | €4,505 | €4,706 | €1,378 | €2,985 | ▲ 117% |
| Other amounts payable47/48 | €92,769 | €81,387 | €90,181 | €107,340 | €114,725 | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,489 | -€1,557 | €1,481 | -€15,158 | -€997 | ▲ 93.4% |
| + Depreciation and write-downs630 | €11,208 | €10,629 | €10,880 | €8,725 | €8,440 | ▼ 3.3% |
| Operating cash flow (approximation) | €6,718 | €9,072 | €12,361 | -€6,433 | €7,443 | ▲ 216% |
| Investment in fixed assets (approximation) | - | -€2,201 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,757 | €6,576 | -€5,637 | €2,118 | ▲ 138% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€15,158
Net result drops to -€15,158, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €1,481
Net result €1,481 after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €8,138 ▲11,144%
Operating result €16,132, net result €8,138, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 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, Heist-op-den-Berg · 1 establishment unit since 2010
Ground area
453 m²
Building footprint
178 m²
Volume, LiDAR
860 m³
Parcel 12014A0746/00E005, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lola
since 20102.184.572.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014A0746/00E005 | Flanders | 453 m² | 1 · 178 m² | 7.9 m · 2 fl. |
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 siteHeist-op-den-Berg2.184.572.434
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 3,483 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 (pre-2019)
Founded18-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821716494
Also
9925:BE0821716494
Registered
21-02-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.