Debts
€41,362 85% of the balance sheet
Suppliers 98%Taxes and wages 2%
M2A CO
Lifetime
1 annual account with figurespeak -€1,533 (2025)
-€1,533
lowest -€7,817 (2025)
-€7,817
peak €7,183 (2025)
€7,183
€41,362
Board1 name since 2025
1 directorQRAIQEA Malik Mahmoud Hamdan
Documentsfilings and deeds
04-08-20264 days late
2025micro format
Loss of €7,817Incorporation 24-011 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€1,500 100 shares
2025 accounts filed 4 days after the deadlineTurnover not published (micro format)
Checked score
35
Weak
Financially stronger than 17% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 3.9%lowest value
03-2026: 3.9%● unchanged vs 02-2026lowest value
04-2026: 4.1%▲ +0.2 percentage points vs 03-2026
05-2026: 4.4%▲ +0.3 percentage points vs 04-2026
06-2026: 4.6%▲ +0.2 percentage points vs 05-2026
07-2026: 4.9%▲ +0.3 percentage points vs 06-2026
08-2026: 4.9%● unchanged vs 07-2026
09-2026: 5.6%▲ +0.7 percentage points vs 08-2026highest value
10-2026: 5.5%▼ -0.1 percentage points vs 09-2026
11-2026: 5.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2025
Sector: Food and beverage service activities (NACE 56)
Size: total assets €48,545
Liquidity: current ratio 1.02, cash €209
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 37% of them on solvency, 5% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 177 companies had the same profile as M2A CO has now. Each dot is one company, two years later.
91.5%
were still trading
5.1%
stopped another way
3.4%
went bankrupt
The bankruptcy probability of M2A CO itself is higher: 5.5% within 12 months. It rests on far more data about M2A CO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 177 companies, not a prediction for M2A CO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.02, below the usual 1.5. Short-term debt is 85.2% and cash 0.4% of total assets. 85.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
4 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1019064875
First establishment
Sleepstraat 54, Ghent
Incorporation
Founding capital of €1,500, 100 shares · Founder: QRAIQEA Malik Mahmoud Hamdan (sole founder) · Appointment: QRAIQEA Malik Mahmoud Hamdan (director) · published on 24-01-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M2A CO Ghent | €48,545 | -€1,533 | 14.8% | - |
| UniQplanet Ghent | €42,673 | -€27,154 | -64.7% | - |
| STUDIO BAGET Stekene | €52,634 | -€23,863 | -69.5% | - |
| OLAF + Herentals | €47,985 | -€2,779 | -13.9% | - |
| Deli n°7 Antwerp | €44,364 | -€9,208 | -9.7% | - |
| AZ FOOD Lobbes | €43,489 | -€4,110 | -124.1% | - |
| URFA SOFRASI Willebroek | €52,936 | -€4,573 | -7.4% | - |
These companies have the same main activity as M2A CO: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €42,700 and €52,900, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 22-01-2025Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 2 others
- Establishment unit
- 2.369.651.4049000 Ghent, since 03-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Insights on M2A CO
The computed 12-month bankruptcy probability of M2A CO is 5.5% (elevated). The 2025 annual accounts show equity of €7,183 and a net result of -€7,817.
Its solvency ranks better than 37% of 17,153 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M2A CO
- What is the company number of M2A CO?
- The company number of M2A CO is 1019.064.875. The VAT number is the same number with BE in front: BE 1019.064.875.
- Where is M2A CO based?
- The registered office is at Sleepstraat 54, 9000 Ghent.Company details
- What does M2A CO do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of M2A CO?
- M2A CO is a private limited company (BV).
- When was M2A CO founded?
- M2A CO was founded on 22-01-2025.
- Is M2A CO still active?
- Yes, M2A CO is an active enterprise in the KBO register.
- What is the turnover of M2A CO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is M2A CO profitable?
- In financial year 2025, M2A CO made a loss of €7,817.
- Where can I find the annual accounts of M2A CO?
- M2A CO filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark Estimate what this company is worth.Value indication
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