Financials
- Fiscal year
- 2025
- Total assets
- €8,033
- Loss
- -€6,090
- Solvency
- 0.2%
Total assets▲ 5.7%
Net result
20182025
MAIN D’OR
ActiveSummary
The annual accounts of MAIN D’OR for fiscal year 2025 show a net loss of 76% of total assets and of 100% of the equity at the start of that year. The 2025 annual accounts show equity of €14 and a net result of -€6,090. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 14676 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
1 site
Size
€8,033total assets 2025
- Equity
- €14
- Loss
- -€6,090
Turnover not published (abridged schema)
Structure
Accounts 4 d early1 of 3 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Sector Food and beverage service activities (NACE 56)- Loss of €6,090, the second in a row (FY 2025)+ Size: total assets €8,033+ Liquidity: current ratio 0.57, cash €4,428Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 23% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
25-75
equity 0.2% of total assets
Liquidity
50-43
short-term debt 99.8% · cash 55.1%
Profitability
0=
return on assets -75.8%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 22 months
01-2025: 1.0%
02-2025: 1.0%▼ -1.5% vs 01-2025
03-2025: 1.0%● 0.0% vs 02-2025
04-2025: 1.0%▲ +2.1% vs 03-2025
05-2025: 1.0%▼ -1.0% vs 04-2025
06-2025: 0.9%▼ -3.4% vs 05-2025
07-2025: 1.0%▲ +8.2% vs 06-2025
08-2025: 0.6%▼ -39.0% vs 07-2025
09-2025: 0.6%● 0.0% vs 08-2025
10-2025: 0.6%▼ -0.2% vs 09-2025
11-2025: 0.6%▼ -3.6% vs 10-2025lowest value
12-2025: 0.6%● 0.0% vs 11-2025lowest value
01-2026: 0.6%● 0.0% vs 12-2025lowest value
02-2026: 0.6%● 0.0% vs 01-2026lowest value
03-2026: 0.6%▲ +0.8% vs 02-2026
04-2026: 0.7%▲ +12.0% vs 03-2026
05-2026: 0.7%▲ +4.5% vs 04-2026
06-2026: 0.7%▼ -2.1% vs 05-2026
07-2026: 0.8%▲ +14.0% vs 06-2026
08-2026: 1.2%▲ +48.0% vs 07-2026highest value
09-2026: 1.2%● 0.0% vs 08-2026highest value
10-2026: 1.2%● 0.0% vs 09-2026highest value
- Sector Food and beverage service activities (NACE 56) raises the probability
- Size: total assets €8,033 lowers the probability for this profile
- Loss of €6,090, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 0.57, cash €4,428 lowers the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.57 against 2.3 in 2024; short-term debt: 99.8% and cash: 55.1% of total assets), and 99.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 26%, liquidity 49%, profitability 8%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,090
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 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
10 d early
2023
4 d late
2022
25 d late
2021
120 d late
2020
31 d late
2019
26 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 27 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 5 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Resignation: TAI YUNG Pirotte (director)State Gazette act
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-07-2027
- 27-07-2026Annual accounts filed
- 29-06-2026Resignation: TAI YUNG Pirotte (director)
- 21-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 27-05-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
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