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Ma Bouffe

Active
Private limited companyfounded 20242 yrs activeZuidstraat 45, 8630 Veurne, BelgiumKBO/BCE: BE 1012.890.529
Summary

The computed 12-month bankruptcy probability of Ma Bouffe is 5.8% (elevated). The 2025 annual accounts show negative equity (-€4,597) and a net result of -€24,597. Its solvency ranks better than 22% of 3787 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability19
Solvency23
Growth-
Track record67
Bankruptcy probability, 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49; short-term debt: 50% and cash: 20.2% of total assets), and equity is negative.
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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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-1.7%
Return on assets
-8.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
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

History

Ma Bouffe was incorporated on 28 August 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€4,597
Total assets
€275,384
Net result
-€24,597
Working capital
-€69,875

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €275,384
Fixed assets €207,608
Current assets €67,776
Equity and liabilities
Equity-€4,597
Debt€279,981
Equity is negative: debt (€279,981) exceeds the balance-sheet total (€275,384).
Key figures and ratios
2025 value
EBITDA
€15,876
Cash flow
€4,461
Solvency
-1.7%
Current ratio
0.49
Quick ratio
0.44
ROA
-8.9%
Interest coverage
1.38
Debt
€279,981
Debt ≤ 1 year
€137,651
Debt > 1 year
€142,330
Staff costs
€227
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,555 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
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€275,384
Fixed assets21/28€207,608
Tangible fixed assets22/27€207,608
Plant, machinery and equipment23€165,487
Furniture and vehicles24€39,187
Other tangible fixed assets26€2,934
Current assets29/58€67,776
Stocks and contracts in progress3€7,873
Stocks30/36€7,873
Amounts receivable within one year40/41€883
Trade receivables40€585
Other amounts receivable41€298
Cash at bank and in hand54/58€55,521
Deferred charges and accrued income490/1€3,500
Equity and liabilities
Total equity and liabilities10/49€275,384
Equity10/15-€4,597
Contributions10/11€20,000
Outside capital11€20,000
Share premium1100/10€20,000
Profit (loss) carried forward14-€24,597
Amounts payable17/49€279,981
Amounts payable after more than one year17€142,330
Financial debts170/4€142,330
Amounts payable within one year42/48€137,651
Current portion of amounts payable after more than one year42€20,510
Trade debts44€7,500
Suppliers440/4€7,500
Taxes, remuneration and social security45€5,298
Taxes450/3€1,943
Remuneration and social security454/9€3,355
Other amounts payable47/48€104,342
Income statement Code2025
Remuneration, social security and pensions62€227
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,058
Other operating charges640/8€1,032
Gross operating margin9900€17,135
Operating profit (loss)9901-€13,181
Financial income75/76B€127
Recurring financial income75€127
Financial charges65/66B€11,543
Recurring financial charges65€11,543
Profit (loss) for the period before taxes9903-€24,597
Profit (loss) for the period9904-€24,597
Profit (loss) for the period to be appropriated9905-€24,597
Appropriation of the result
Profit (loss) to be appropriated9906-€24,597

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€227
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,058
Other operating charges640/8€1,032
Gross operating margin9900€17,135
Operating profit (loss)9901-€13,181
Financial income75/76B€127
Recurring financial income75€127
Financial charges65/66B€11,543
Recurring financial charges65€11,543
Profit (loss) for the period before taxes9903-€24,597
Profit (loss) for the period9904-€24,597
Profit (loss) for the period to be appropriated9905-€24,597
Line2025
Assets
Total assets20/58€275,384
Fixed assets21/28€207,608
Tangible fixed assets22/27€207,608
Plant, machinery and equipment23€165,487
Furniture and vehicles24€39,187
Other tangible fixed assets26€2,934
Current assets29/58€67,776
Stocks and contracts in progress3€7,873
Stocks30/36€7,873
Amounts receivable within one year40/41€883
Trade receivables40€585
Other amounts receivable41€298
Cash at bank and in hand54/58€55,521
Deferred charges and accrued income490/1€3,500
Equity and liabilities
Total equity and liabilities10/49€275,384
Equity10/15-€4,597
Contributions10/11€20,000
Outside capital11€20,000
Share premium1100/10€20,000
Profit (loss) carried forward14-€24,597
Amounts payable17/49€279,981
Amounts payable after more than one year17€142,330
Financial debts170/4€142,330
Amounts payable within one year42/48€137,651
Current portion of amounts payable after more than one year42€20,510
Trade debts44€7,500
Suppliers440/4€7,500
Taxes, remuneration and social security45€5,298
Taxes450/3€1,943
Remuneration and social security454/9€3,355
Other amounts payable47/48€104,342
Line2025
Profit (loss) for the period9904-€24,597
+ Depreciation and write-downs630€29,058
Operating cash flow (approximation)€4,461

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Veurne · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
370 m²
Building footprint
195 m²
Volume, LiDAR
811 m³
Parcel 38025A0656/00B000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Ma Bouffe
Zuidstraat 45, 8630 VeurneRetail trade
since 20242.363.112.416
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38025A0656/00B000
ProtectedMonumentBurgerhuisSource ↗
Flanders 370 m² 1 · 195 m² 10.9 m · 1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Veurne2.363.112.416
1 permission
Toelating · Frituur · since 09-09-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,835 companies in this sector we hold annual accounts for 9,777. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded28-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012890529
Registered 05-10-2025

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.