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Mabelle Project

Active Private limited companyfounded 2022active for 4 yearsKapellemarkt 15, 1000 BrusselsKBO/BCE: BE 0789.438.161

Lifetime

3 annual accounts with figures on one time axis
peak of €53,474 in 2023
€154▼ 98.5%
lowest -€35,320 in 2023
-€1,225▼ €12,594
peak of -€23,950 in 2024
-€25,176▼ €1,225
€28,137▼ 13.9%
Board3 names since 2022
3 directors and 2 others
Documentsfilings and deeds
04-03-202627 days before the deadline
2025micro format
Gross margin from €10,022 to €154Loss of €1,225Cash from €132 to €7

Key points

from the 2025 annual accounts

Equity

-€25,176
202320242025

Debts exceed assets in financial year 2025.

Board

2 left

Directors left. Latest change 13-02-2026 · 1 in office.

Position in the sector

-850.1%

Lower solvency than 95% of companies in food and beverage service. Sector median 29.6% · 18,571 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 7,654 companies had the same profile as Mabelle Project has now. Each dot stands for 20 companies, two years later.

84.6%
were still trading
5.8%
stopped another way
8.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the 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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

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 7,654 companies, not a prediction for Mabelle Project. 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

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Signals

Board and ownership

Director
  • 7,000 sharesdeed of 09-08-2022
  • 7,000 sharesdeed of 09-08-2022
  • 6,000 sharesdeed of 09-08-2022
Board & ownership

Recent changes

Registered office moved from Heist-op-den-Berg to Brussels The registered office moved from Lostraat 64, 2220 Heist-op-den-Berg to Kapellemarkt 15- 1000 Brussel · Resignations: (director) and (director) · General meeting of 13-02-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0789438161
First establishment At the time the registered office was still in Heist-op-den-Berg, Lostraat 64.
Incorporation Founders: , and · 20,000 shares · Appointments: , and · published on 09-08-2022 · Gazette deed
All 8 events

Comparable companies

same main activity, similar in size and age
Company
Mabelle Project Brussels €2,962 €154 -850.1% -
EET- EN PRAATCAFÉ MAJESTIC Antwerp €2,764 -€4,765 -1407.9% -
MAX.SEF Brussels €2,865 €0 100.0% -
PRESTIGE RESTAURANT Evere €2,310 -€1,750 -3130.6% -
INES INVEST Anderlecht €4,013 -€1,700 -145.6% -
CLAUS-ULE Antwerp €2,478 -€2,050 -69.6% -
Taverne De Bosuil Pelt €3,509 €8 -152.6% -

These companies have the same main activity as Mabelle Project: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €2,310 and €4,010, founded between 2021 and 2023.

Official details

Source: KBO
Status
Active since 05-08-2022Normal situation
Activity
Full-service restaurantsNACE 56111
Establishment unit
2.334.274.1181000 Brussels, registered on 18-08-2022
Financial year end
31 August
Peppol
Reachable since 31-03-2025
Company details

Annual accounts to 31-08-2025

≈ €1,600estimated
€2,962▼ 66.1%
Filing
Filed on 04-03-2026, 27 days before the end of the filing period
Financials

Insights on Mabelle Project

Mabelle Project files the micro format. That format states no turnover. The gross margin fell from €53,474 in 2023 to €154 in 2025.

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 Mabelle Project

What is the company number of Mabelle Project?
The company number of Mabelle Project is 0789.438.161. The VAT number is the same number with BE in front: BE 0789.438.161.
Where is Mabelle Project based?
The registered office is at Kapellemarkt 15, 1000 Brussels.Company details
What does Mabelle Project do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of Mabelle Project?
Mabelle Project is a private limited company (BV).
When was Mabelle Project founded?
Mabelle Project was founded on 05-08-2022.
Is Mabelle Project still active?
Yes, Mabelle Project is an active enterprise in the KBO register.
How many employees does Mabelle Project have?
Mabelle Project had an average of 3.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of Mabelle Project?
The turnover in financial year 2025 is ≈ €1,600. This figure is estimated from the gross margin of €154 and 99 comparable companies (NACE 56111). It probably lies between €810 and €3,300. It is a rough estimate.
Is Mabelle Project profitable?
In financial year 2025, Mabelle Project made a loss of €1,225.
Where can I find the annual accounts of Mabelle Project?
Mabelle Project filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Mabelle Project due?
Mabelle Project must file the annual accounts for financial year 2026 by 31-03-2027.Timeline

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