Financials
- Financial year
- 2025
- Total assets
- €308,878
- Loss
- -€403,589
- Solvency
- -65.8%
Total assets▼ 44.0%
Net result
20182025
Madame Moustache
Judicial reorganisationSummary
The file of Madame Moustache contains 8 judicial reorganisation notices, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of Madame Moustache as special situation, with no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€203,292) and a net result of -€403,589. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 16,883 sector peers (NACE 56, financial year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Opened
- 31 March 2023
- Track
- Reorganisation by collective agreement
- Docket number
- 20260068
- Moratorium until
- 21 October 2026 (passed; an extension would be in a later judgment)
- Creditors' vote
- 7 October 2026
- Delegated judge
- ANDRé Claes
- Official Gazette
- 06-04-2023 (pdf) ↗search the document for 2023/113003
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Nightclubs
NACE 56302Cafés and bars NACE 56301
1 site
Size
≈ €270,000turnover 2025, estimated
- Staff
- 8.8 FTE
- Equity
- -€203,292
- Loss
- -€403,589
Turnover estimated from the gross margin
Financial health
3
Critical
Checked score 2025Reorganisation running: about 1 in 4 bankrupt within the year
Structure
2025 accounts on time
Signalsraises riskNegative equityIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
3
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Weak
Solvency
0-61
equity -65.8% of total assets
Liquidity
9-23
short-term debt 154.3% · cash 7.5%
Profitability
0-100
return on assets -130.7%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity insufficient (current ratio 0.14, compared with 0.95 in 2024, below 1; short-term debt: 154.3% and cash: 7.5% of total assets), and equity is negative.
Signals
Three signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€203,292
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
26 days late
2023
19 days late
2022
44 days late
2021
53 days early
2020
31 days early
2019
17 days 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 3 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- OpeningFrench-language Enterprise Court of Brussels…
- ExtensionFrench-language Enterprise Court of Brussels…
Key points
- Risk: In judicial reorganisationtrustee not known 31-03-2023 View
- Risk: Negative equityfinancial year 2025: debts exceed assets -€203,292 View
- Caution: From profit to loss in 2025after €221,416 in 2024 -€403,589 View
- Caution: Among the weakest 5% on net resultsector median €4,880 · 16,861 companies -€403,589 View
By topic
Timeline
- Events
- 29
- Since
- 2011
- Next accounts
- by 31-07-2027
- 31-12-2025Weakest financial year
- 26-08-2025Annual accounts filed
- 31-12-2024Highest result from 2018 to 2025
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- NightclubsNACE 56302
- Founded
- 28-12-2009
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about Madame Moustache
- What is the company number of Madame Moustache?
- 0821.815.078. In Belgium the VAT number is the company number with BE in front: BE 0821.815.078.
- Where is Madame Moustache based?
- The registered office is at Brandhoutkaai 5-7, 1000 Brussel.Company details
- What does Madame Moustache do?
- According to the KBO register, the main activity is nightclubs (NACE 56302).
- What is the legal form of Madame Moustache?
- Private limited company (pre-2019) (BVBA).
- When was Madame Moustache founded?
- On 28-12-2009.
- Is Madame Moustache still active?
- Yes, Madame Moustache is in the KBO register. A judicial reorganisation is running.
- How many employees does Madame Moustache have?
- On average 8.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Madame Moustache?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is Madame Moustache profitable?
- In financial year 2025, Madame Moustache made a loss of €403,589.
- Where can I find the annual accounts of Madame Moustache?
- Madame Moustache filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Madame Moustache due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to Madame Moustache
Comparable companies
- BARRIO EVENTBrussel
- BISTRO DAVIDBrussel
- BRUSSELS EVENT COMPANYBrussel
- BXL VENUEBrussel
- C12 Art & MusicBrussel
Go further with this company
What should you check before you do business with this company?Supplier due diligence What were this company's board, registered office and name on a given date?Company as of a date Are there other customers at risk in your own list?Process a list How is the nightclubs sector doing?Sector figures
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