M&S
ActiveSummary
The computed 12-month bankruptcy probability of M&S is 6.4% (elevated). The 2024 annual accounts show equity of €23,192 and a net result of €7,313. Equity is growing by ~59.8% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 12.13 against 4.67 in 2023; short-term debt: 7.3% and cash: 56.8% of total assets), and 7.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+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 · 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 · 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 2024Solvency, return and age of the figures
Solvency
92.7%
Return on assets
29.2%
Age of the figures
21 mo
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 22-06-2026, 39 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
39 d early
2024
60 d late
2023
52 d late
2022
129 d late
2021
31 d early
2020
25 d early
2019
129 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 39 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 22 September (4 of the last 5 filed years within 84 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€23,192▲ 46.1%
2023 · €15,879
Total assets
€25,019▲ 22.4%
2023 · €20,440
Net result
€7,313▼ 8.6%
2023 · €8,003
Working capital
€20,337▲ 33.5%
2023 · €15,230
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,475▼ 44.4%€17,334-€10,256€8,153€7,388▼ 9.4%
Net result-€10,476below the sector's middle half▼ 44.3%€17,329within the sector's middle half-€10,317below the sector's middle half€8,003within the sector's middle half€7,313within the sector's middle half▼ 8.6%
Equity-€11,535below the sector's middle half▼ 989%€5,794within the sector's middle half€7,876within the sector's middle half▲ 35.9%€15,879within the sector's middle half▲ 102%€23,192within the sector's middle half▲ 46.1%
Total assets€1,103below the sector's middle half▼ 28.3%€8,652below the sector's middle half▲ 684%€15,864below the sector's middle half▲ 83.4%€20,440below the sector's middle half▲ 28.8%€25,019below the sector's middle half▲ 22.4%
Debt€12,638▲ 386%€2,858▼ 77.4%€7,988▲ 179%€4,561▼ 42.9%€1,827▼ 59.9%
Working capital-€11,535within the sector's middle half▼ 989%€5,794within the sector's middle half€6,555within the sector's middle half▲ 13.1%€15,230within the sector's middle half▲ 132%€20,337within the sector's middle half▲ 33.5%
Solvency67.0%above the sector's middle half49.6%within the sector's middle half▼ 17.3pp77.7%above the sector's middle half▲ 28.0pp92.7%above the sector's middle half▲ 15.0pp
Current ratio3.03above the sector's middle half1.82within the sector's middle half▼ 1.214.67above the sector's middle half▲ 2.8512.13above the sector's middle half▲ 7.47
Return on assets (ROA)200.3%above the sector's middle half-65.0%below the sector's middle half▼ 265.3pp39.2%above the sector's middle half▲ 104.2pp29.2%above the sector's middle half▼ 9.9pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €25,019
Fixed assets
€2,855 ▲ 170%
Current assets
€22,164 ▲ 14.3%
Equity and liabilities €25,019
Equity
€23,192 ▲ 46.1%
Debt
€1,827 ▼ 59.9%
Debt's share of the balance-sheet total falls from 22.3% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,168▼
2023 · €8,417
Cash flow
€8,093▼
2023 · €8,267
Quick ratio
8.72▲
2023 · 4.17
Debt to equity
0.08▼
2023 · 0.29
ROE
31.5%▼
2023 · 50.4%
Interest coverage
108.39▲
2023 · 56.11
Debt ≤ 1 year
€1,827▼
2023 · €4,153
Staff costs
€29,123▲
2023 · €25,534
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €46,833 | €88,279 | €114,420 | - | - |
| Remuneration, social security and pensions62 | - | - | €23,552 | €25,534 | €29,123 | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €264 | €780 | ▲ 195% |
| Other operating charges640/8 | - | - | - | €247 | €1,607 | ▲ 550% |
| Gross operating margin9900 | -€10,475 | €17,334 | €13,296 | €34,198 | €38,898 | ▲ 13.7% |
| Operating profit (loss)9901 | -€10,475 | €17,334 | -€10,256 | €8,153 | €7,388 | ▼ 9.4% |
| Financial charges65/66B | - | €5 | €61 | €150 | €75 | ▼ 49.8% |
| Recurring financial charges65 | €1 | €5 | €61 | €150 | €75 | ▼ 49.8% |
| Profit (loss) for the period before taxes9903 | -€10,476 | €17,329 | -€10,317 | €8,003 | €7,313 | ▼ 8.6% |
| Profit (loss) for the period9904 | -€10,476 | €17,329 | -€10,317 | €8,003 | €7,313 | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | -€10,476 | €17,329 | -€10,317 | €8,003 | €7,313 | ▼ 8.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,103 | €8,652 | €15,864 | €20,440 | €25,019 | ▲ 22.4% |
| Fixed assets21/28 | - | - | €1,321 | €1,057 | €2,855 | ▲ 170% |
| Tangible fixed assets22/27 | - | - | €1,321 | €1,057 | €2,855 | ▲ 170% |
| Plant, machinery and equipment23 | - | - | €1,321 | €1,057 | €2,855 | ▲ 170% |
| Current assets29/58 | €1,103 | €8,652 | €14,543 | €19,383 | €22,164 | ▲ 14.3% |
| Stocks and contracts in progress3 | - | - | €1,421 | €2,069 | €6,231 | ▲ 201% |
| Stocks30/36 | - | - | €1,421 | €2,069 | €6,231 | ▲ 201% |
| Amounts receivable within one year40/41 | €475 | €7,481 | €5,954 | - | €1,728 | - |
| Other amounts receivable41 | - | €7,481 | €5,954 | - | €1,728 | - |
| Current investments50/53 | - | - | €7,168 | - | - | - |
| Cash at bank and in hand54/58 | €628 | €1,171 | - | €17,314 | €14,204 | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,103 | €8,652 | €15,864 | €20,440 | €25,019 | ▲ 22.4% |
| Equity10/15 | -€11,535 | €5,794 | €7,876 | €15,879 | €23,192 | ▲ 46.1% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €6,200 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Share premium1100/10 | - | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€17,735 | -€406 | -€10,724 | -€2,721 | €4,592 | ▲ 269% |
| Amounts payable17/49 | €12,638 | €2,858 | €7,988 | €4,561 | €1,827 | ▼ 59.9% |
| Amounts payable within one year42/48 | €12,638 | €2,858 | €7,988 | €4,153 | €1,827 | ▼ 56.0% |
| Trade debts44 | €619 | €239 | €1,581 | €2,842 | €308 | ▼ 89.2% |
| Suppliers440/4 | - | €239 | €1,581 | €2,842 | €308 | ▼ 89.2% |
| Taxes, remuneration and social security45 | - | €1,663 | €5,451 | €1,311 | €1,519 | ▲ 15.9% |
| Taxes450/3 | - | €121 | €125 | €920 | €1,519 | ▲ 65.1% |
| Remuneration and social security454/9 | - | €1,542 | €5,326 | €391 | - | - |
| Other amounts payable47/48 | - | €956 | €956 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €408 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,476 | €17,329 | -€10,317 | €8,003 | €7,313 | ▼ 8.6% |
| + Depreciation and write-downs630 | - | - | - | €264 | €780 | ▲ 195% |
| Operating cash flow (approximation) | -€10,476 | €17,329 | -€10,317 | €8,267 | €8,093 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€2,578 | - |
| Change in cash | - | €543 | - | - | -€3,110 | - |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 12.13
Current ratio from 4.67 to 12.13; short-term debt falls from €4,153 to €1,827.
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
31-12
Financial
Back to profitnet €8,003
Net result €8,003 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.67
Current ratio from 1.82 to 4.67; short-term debt falls from €7,988 to €4,153.
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 129 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17,329
Net result €17,329 after 2 loss-making years.
31-12
Financial
Liquidity times 35current ratio 3.03
Current ratio from 0.09 to 3.03; short-term debt falls from €12,638 to €2,858.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€10,476
Net result drops to -€10,476, the lowest in the series; recovery starts the following year.
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Jans-Molenbeek · 1 establishment unit since 2019
Ground area
84 m²
Building footprint
84 m²
Volume, LiDAR
998 m³
Parcel 21526D0109/00S002, Brussels · tallest building 17.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
AL JAZEERA
since 20192.287.080.450
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0109/00S002 | Brussels | 84 m² | 1 · 84 m² | 17.7 m · 4 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 siteSint-Jans-Molenbeek2.287.080.450
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Of 14,001 companies in sector 56301 we hold annual accounts for 4,899. 4,042 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)
Founded29-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
buffyyy95@hotmail.comSint-Jans-Molenbeek
Phone
0488348599Sint-Jans-Molenbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723816275
Also
9925:BE0723816275
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.