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M&N STORE

Active
Private limited companyfounded 200718 yrs activeOudenaardsesteenweg 42, 9000 Gent, BelgiumKBO/BCE: BE 0893.497.979
Summary

The computed 12-month bankruptcy probability of M&N STORE is 2.1% (moderate). The 2025 annual accounts show equity of €243,487 and a net result of -€42,774. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 55% of 10466 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M&N STOREActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
€646,867total assets 2025
Equity
€243,487
Loss
-€42,774
Financial health
52 Fair Checked score 2025
Bankruptcy chance 12 m
2.1%
Structure
Largest shareholder
AAA STONE INVEST · 50%
Accounts filed 20 d late0 of 7 deeds read
Why 52- 2 changes of registered office in 24 months- Loss of €42,774, the second in a row (FY 2025)+ Size: total assets €646,867+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 28% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 63-3
equity 37.6% of total assets
Liquidity 19-31
short-term debt 62.2% · cash 1.5%
Profitability 10-26
return on assets -6.6%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (26,362 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%▲ +1.6% vs 11-2024 01-2025: 0.2%▲ +23.1% vs 12-2024 02-2025: 0.2%▲ +43.1% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 2.5%▲ +991% vs 05-2025 07-2025: 2.5%● 0.0% vs 06-2025 08-2025: 2.5%● 0.0% vs 07-2025 09-2025: 2.5%▲ +1.4% vs 08-2025 10-2025: 2.5%● 0.0% vs 09-2025 11-2025: 2.7%▲ +5.1% vs 10-2025 12-2025: 2.6%▼ -3.8% vs 11-2025 01-2026: 2.5%▼ -2.3% vs 12-2025 02-2026: 2.8%▲ +10.1% vs 01-2026 03-2026: 3.8%▲ +36.5% vs 02-2026 04-2026: 4.8%▲ +26.9% vs 03-2026 05-2026: 7.3%▲ +53.1% vs 04-2026 06-2026: 7.4%▲ +1.9% vs 05-2026 07-2026: 8.4%▲ +12.8% vs 06-2026 08-2026: 10.2%▲ +21.0% vs 07-2026highest value 09-2026: 2.1%▼ -79.5% vs 08-2026 10-2026: 2.1%● 0.0% vs 09-2026
  • 2 changes of registered office in 24 months raises the probability
  • Loss of €42,774, the second in a row (FY 2025) raises the probability
  • Size: total assets €646,867 lowers the probability for this profile
  • Sector Real estate activities (NACE 68) lowers the probability
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 0.93 in 2024; short-term debt: 62.2% and cash: 1.5% of total assets), but 62.4% of the assets are financed with debt.
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 68, micro). Better than this share of them on solvency 55%, liquidity 16%, profitability 13%. 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.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Loss of €42,774, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €646,867
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€42,774
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 filings
Deviation from the deadline
2025
20 d late
2024
50 d early
2023
45 d early
2022
18 d early
2021
6 d early
2020
2 d early
2019
5 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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 · abbreviated…
  2. Weakest financial yearnet -€42,774
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€42,774 View
  • Caution: Among the weakest 18% on net resultsector median €10,430 · 10,455 companies -€42,774 View
  • Total assets 20256 fiscal years filed €646,867 View

By topic

Financials

Fiscal year
2025
Total assets
€646,867
Loss
-€42,774
Solvency
37.6%
Total assets▼ 6.4%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2016
  1. 20-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 09-01-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
06-11-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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