MAM
ActiveSummary
The computed 12-month bankruptcy probability of MAM is 2.3% (moderate). The 2024 annual accounts show negative equity (€-26k) and a net result of €8k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 18936 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.17 in 2023; short-term debt: 252.7% and cash: 73.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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 2024Solvency, return and age of the figures
Solvency
-152.7%
Return on assets
44.9%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 18936 sector peers (2024).
NBB · sector comparisonPosition among 18936 sector peers
Solvency
better than 8%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-08-2026, 380 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
380 d late
2023
281 d late
2022
37 d late
2021
170 d late
2020
176 d late
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-26k▲ 22.7%
2023 · €-34k
Total assets
€17k▲ 55.7%
2023 · €11k
Net result
€8k
2023 · €-4k
Working capital
€-29k▲ 22.8%
2023 · €-37k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-1k▲ 95.0%€11k€-8k€-4k▲ 52.4%€8k
Net result€-1k▲ 94.2%€11k€-8k€-4k▲ 51.0%€8k
Equity€-33k▼ 4.1%€-22k▲ 33.7%€-30k▼ 36.6%€-34k▼ 13.1%€-26k▲ 22.7%
Total assets€7k▲ 102%€21k▲ 189%€17k▼ 19.3%€11k▼ 34.9%€17k▲ 55.7%
Debt€40k▲ 14.1%€43k▲ 6.4%€47k▲ 9.3%€45k▼ 4.2%€43k▼ 3.5%
Working capital€-34k▼ 5.6%€-27k▲ 21.7%€-32k▼ 18.7%€-37k▼ 17.0%€-29k▲ 22.8%
Staff (FTE)0.11▲ 900%0.8▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17k
Fixed assets
€3k ▼ 25.3%
Current assets
€15k ▲ 93.4%
Key figures and ratios
EBITDA
€9k▲
2023 · €-3k
Cash flow
€9k▲
2023 · €-3k
Solvency
-152.7%▲
2023 · -307.5%
Current ratio
0.34▲
2023 · 0.17
Quick ratio
0.32▲
2023 · 0.15
Debt to equity
-1.65▼
2023 · -1.33
ROA
44.9%▲
2023 · -35.7%
Interest coverage
27.74▲
2023 · -14.72
Debt ≤ 1 year
€43k▼
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €52 | - | - | - |
| Remuneration, social security and pensions62 | - | €3k | €37k | €34k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €669 | €440 | €691 | €887 | €886 | ▼ 0.1% |
| Other operating charges640/8 | - | €482 | €1k | €1k | €916 | ▼ 29.4% |
| Non-recurring operating charges66A | - | €25 | €132 | - | - | - |
| Gross operating margin9900 | €245 | €15k | €32k | €33k | €10k | ▼ 70.1% |
| Operating profit (loss)9901 | €-1k | €11k | €-8k | €-4k | €8k | ▲ 314% |
| Financial income75/76B | - | €419 | €138 | €2 | €1 | ▼ 50.0% |
| Recurring financial income75 | €1 | €419 | €138 | €2 | €1 | ▼ 50.0% |
| Financial charges65/66B | - | €291 | €315 | €194 | €321 | ▲ 65.5% |
| Recurring financial charges65 | €186 | €291 | €315 | €194 | €321 | ▲ 65.5% |
| Profit (loss) for the period before taxes9903 | €-1k | €11k | €-8k | €-4k | €8k | ▲ 296% |
| Profit (loss) for the period9904 | €-1k | €11k | €-8k | €-4k | €8k | ▲ 296% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €11k | €-8k | €-4k | €8k | ▲ 296% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7k | €21k | €17k | €11k | €17k | ▲ 55.7% |
| Fixed assets21/28 | €1k | €6k | €4k | €4k | €3k | ▼ 25.3% |
| Tangible fixed assets22/27 | €1k | €6k | €4k | €4k | €3k | ▼ 25.3% |
| Plant, machinery and equipment23 | - | €355 | €281 | €206 | €132 | ▼ 35.9% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | €1k | ▼ 30.2% |
| Other tangible fixed assets26 | - | €2k | €1k | €1k | €1k | ▼ 15.1% |
| Current assets29/58 | €6k | €15k | €13k | €8k | €15k | ▲ 93.4% |
| Stocks and contracts in progress3 | €566 | €769 | €931 | €850 | €832 | ▼ 2.1% |
| Stocks30/36 | - | €769 | €931 | €850 | €832 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €3k | €544 | €76 | €341 | €394 | ▲ 15.5% |
| Trade receivables40 | - | - | - | €197 | €56 | ▼ 71.6% |
| Other amounts receivable41 | - | €544 | €76 | €144 | €338 | ▲ 135% |
| Cash at bank and in hand54/58 | €682 | €13k | €11k | €6k | €13k | ▲ 120% |
| Deferred charges and accrued income490/1 | - | €940 | €905 | €577 | €648 | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7k | €21k | €17k | €11k | €17k | ▲ 55.7% |
| Equity10/15 | €-33k | €-22k | €-30k | €-34k | €-26k | ▲ 22.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | - | - | - | - |
| Other1109/19 | - | €19k | - | - | - | - |
| Profit (loss) carried forward14 | €-52k | €-40k | €-49k | €-52k | €-45k | ▲ 14.7% |
| Amounts payable17/49 | €40k | €43k | €47k | €45k | €43k | ▼ 3.5% |
| Amounts payable within one year42/48 | €40k | €42k | €44k | €45k | €43k | ▼ 3.4% |
| Trade debts44 | €350 | €1k | €2k | €933 | €1k | ▲ 12.4% |
| Suppliers440/4 | - | €1k | €2k | €933 | €1k | ▲ 12.4% |
| Taxes, remuneration and social security45 | - | €4k | €6k | €6k | €2k | ▼ 65.1% |
| Taxes450/3 | - | €740 | €322 | €706 | €668 | ▼ 5.4% |
| Remuneration and social security454/9 | - | €4k | €6k | €5k | €1k | ▼ 73.7% |
| Other amounts payable47/48 | - | €36k | €36k | €38k | €40k | ▲ 5.3% |
| Accrued charges and deferred income492/3 | - | €920 | €2k | €56 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €11k | €-8k | €-4k | €8k | ▲ 296% |
| + Depreciation and write-downs630 | €669 | €440 | €691 | €887 | €886 | ▼ 0.1% |
| Operating cash flow (approximation) | €-644 | €12k | €-7k | €-3k | €9k | ▲ 382% |
| Investment in fixed assets (approximation) | - | €-5k | €808 | €0 | €0 | - |
| Change in cash | - | €12k | €-2k | €-5k | €7k | ▲ 242% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 380 days late
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 281 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 170 days late
2022
23-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 176 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 46 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
20-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 20 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2008
Ground area
56 m²
Building footprint
56 m²
Volume, LiDAR
438 m³
Parcel 44805E0628/00D000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pitza Overpoort
since 20082.178.568.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0628/00D000 | Flanders | 56 m² | 1 · 56 m² | 11.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.178.568.827
Similar companies · same sector, comparable size
De Overkant 2800
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JU & CO
BE 1010.930.238
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THIVITELA
BE 0785.459.181
Stavelot · Eq €4,104
ADIP-GURUNG
BE 0632.627.862
Antwerpen · Eq €4,099
"CITTADELLA PIZZERIA"
BE 0753.666.244
Namur · Eq €4,125
Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 4,715 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.