MAMAGRE
ActiveSummary
The computed 12-month bankruptcy probability of MAMAGRE is 3.8% (moderate). The 2025 annual accounts show equity of €35,903 and a net result of €18,227. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 13683 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+11
Solvency60▼-14
Growth52=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.82 in 2024; short-term debt: 65.2% and cash: 15.1% of total assets), and 65.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
17.6%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
53 d early
2024
55 d early
2023
48 d early
2022
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 38 days before 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 11 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€35,903▼ 13.9%
2024 · €41,678
Total assets
€103,408▲ 21.5%
2024 · €85,131
Net result
€18,227▲ 130%
2024 · €7,929
Working capital
-€22,973▼ 236%
2024 · -€6,838
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€36,546-€11,825▼ 67.6%€14,347▲ 21.3%€29,704▲ 107%
Net result€24,001above the sector's middle half-€8,747within the sector's middle half▼ 63.6%€7,929within the sector's middle half▼ 9.4%€18,227within the sector's middle half▲ 130%
Equity€25,001within the sector's middle half-€33,749within the sector's middle half▲ 35.0%€41,678within the sector's middle half▲ 23.5%€35,903within the sector's middle half▼ 13.9%
Total assets€84,330within the sector's middle half-€86,936within the sector's middle half▲ 3.1%€85,131within the sector's middle half▼ 2.1%€103,408within the sector's middle half▲ 21.5%
Debt€59,328-€53,188▼ 10.4%€43,453▼ 18.3%€67,505▲ 55.4%
Working capital-€4,744within the sector's middle half-€2,127within the sector's middle half-€6,838within the sector's middle half-€22,973within the sector's middle half▼ 236%
Solvency29.6%within the sector's middle half-38.8%within the sector's middle half▲ 9.2pp49.0%within the sector's middle half▲ 10.1pp34.7%within the sector's middle half▼ 14.2pp
Current ratio0.88within the sector's middle half-1.05within the sector's middle half▲ 0.170.82within the sector's middle half▼ 0.230.66within the sector's middle half▼ 0.16
Return on assets (ROA)28.5%above the sector's middle half-10.1%within the sector's middle half▼ 18.4pp9.3%within the sector's middle half▼ 0.7pp17.6%above the sector's middle half▲ 8.3pp
Staff (FTE)12.7-11.9▼ 6.3%14.2▲ 19.3%9.4▼ 33.8%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 107% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103,046
Fixed assets
€58,631 ▲ 9.2%
Current assets
€44,415 ▲ 44.8%
Equity and liabilities €103,408
Equity
€35,903 ▼ 13.9%
Debt
€67,505 ▲ 55.4%
Debt's share of the balance-sheet total rises from 51.0% to 65.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40,262▲
2024 · €22,849
Cash flow
€28,784▲
2024 · €16,431
Quick ratio
0.44▲
2024 · 0.40
Debt to equity
1.88▲
2024 · 1.04
ROE
50.8%▲
2024 · 19.0%
Interest coverage
16.06▲
2024 · 7.07
Debt ≤ 1 year
€67,388▲
2024 · €37,502
Income taxes
€8,970▲
2024 · €3,187
Staff costs
€109,970▼
2024 · €128,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 39,278 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €141,246 | €140,491 | €128,196 | €109,970 | ▼ 14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,476 | €7,020 | €8,502 | €10,558 | ▲ 24.2% |
| Other operating charges640/8 | €438 | €353 | €1,198 | €248 | ▼ 79.3% |
| Gross operating margin9900 | €182,705 | €159,688 | €152,243 | €150,479 | ▼ 1.2% |
| Operating profit (loss)9901 | €36,546 | €11,825 | €14,347 | €29,704 | ▲ 107% |
| Financial income75/76B | €1 | €22 | €1 | €0 | ▼ 85.5% |
| Recurring financial income75 | €1 | €22 | €1 | €0 | ▼ 85.5% |
| Financial charges65/66B | €3,190 | €2,262 | €3,232 | €2,507 | ▼ 22.4% |
| Recurring financial charges65 | €3,190 | €2,262 | €3,232 | €2,507 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €33,356 | €9,585 | €11,116 | €27,197 | ▲ 145% |
| Income taxes67/77 | €9,355 | €838 | €3,187 | €8,970 | ▲ 181% |
| Profit (loss) for the period9904 | €24,001 | €8,747 | €7,929 | €18,227 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €24,001 | €8,747 | €7,929 | €18,227 | ▲ 130% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €84,330 | €86,936 | €85,131 | €103,408 | ▲ 21.5% |
| Formation expenses20 | €1,595 | €1,184 | €773 | €362 | ▼ 53.1% |
| Fixed assets21/28 | €46,349 | €42,595 | €53,694 | €58,631 | ▲ 9.2% |
| Tangible fixed assets22/27 | €45,986 | €42,232 | €53,331 | €58,268 | ▲ 9.3% |
| Plant, machinery and equipment23 | €3,009 | €2,223 | €1,436 | €5,553 | ▲ 287% |
| Furniture and vehicles24 | €8,338 | €6,393 | €7,982 | €8,746 | ▲ 9.6% |
| Other tangible fixed assets26 | €34,639 | €33,616 | €43,912 | €43,969 | ▲ 0.1% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €36,385 | €43,157 | €30,664 | €44,415 | ▲ 44.8% |
| Stocks and contracts in progress3 | €9,400 | €14,200 | €15,605 | €15,063 | ▼ 3.5% |
| Stocks30/36 | €9,400 | €14,200 | €15,605 | €15,063 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €10,185 | €10,124 | €13,152 | €12,529 | ▼ 4.7% |
| Trade receivables40 | €5,374 | €50 | €764 | - | - |
| Other amounts receivable41 | €4,811 | €10,074 | €12,388 | €12,529 | ▲ 1.1% |
| Cash at bank and in hand54/58 | €14,921 | €15,478 | €579 | €15,657 | ▲ 2,603% |
| Deferred charges and accrued income490/1 | €1,880 | €3,355 | €1,328 | €1,165 | ▼ 12.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €84,330 | €86,936 | €85,131 | €103,408 | ▲ 21.5% |
| Equity10/15 | €25,001 | €33,749 | €41,678 | €35,903 | ▼ 13.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €24,001 | €32,749 | €40,678 | €34,903 | ▼ 14.2% |
| Distributable reserves133 | €24,001 | €32,749 | €40,678 | €34,903 | ▼ 14.2% |
| Amounts payable17/49 | €59,328 | €53,188 | €43,453 | €67,505 | ▲ 55.4% |
| Amounts payable after more than one year17 | €18,085 | €12,043 | €5,837 | - | - |
| Financial debts170/4 | €18,085 | €12,043 | €5,837 | - | - |
| Amounts payable within one year42/48 | €41,130 | €41,031 | €37,502 | €67,388 | ▲ 79.7% |
| Current portion of amounts payable after more than one year42 | €5,882 | €8,856 | €9,742 | €11,282 | ▲ 15.8% |
| Trade debts44 | €9,669 | €11,627 | €13,117 | €9,668 | ▼ 26.3% |
| Suppliers440/4 | €9,669 | €11,627 | €13,117 | €9,668 | ▼ 26.3% |
| Taxes, remuneration and social security45 | €23,963 | €18,145 | €8,345 | €10,993 | ▲ 31.7% |
| Taxes450/3 | €5,260 | €2,239 | €406 | €5,266 | ▲ 1,196% |
| Remuneration and social security454/9 | €18,702 | €15,905 | €7,939 | €5,726 | ▼ 27.9% |
| Other amounts payable47/48 | €1,616 | €2,403 | €6,299 | €35,445 | ▲ 463% |
| Accrued charges and deferred income492/3 | €114 | €114 | €114 | €117 | ▲ 2.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,001 | €8,747 | €7,929 | €18,227 | ▲ 130% |
| + Depreciation and write-downs630 | €4,476 | €7,020 | €8,502 | €10,558 | ▲ 24.2% |
| Operating cash flow (approximation) | €28,477 | €15,767 | €16,431 | €28,784 | ▲ 75.2% |
| Investment in fixed assets (approximation) | - | -€3,266 | -€19,600 | -€15,495 | ▲ 20.9% |
| Change in cash | - | €557 | -€14,899 | €15,078 | ▲ 201% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7,929 ▼9.4%
Net result drops to €7,929, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 act for this company is 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, Frasnes-lez-Anvaing · 1 establishment unit since 2021
Ground area
2,302 m²
Building footprint
138 m²
Volume, LiDAR
780 m³
Parcel 51029B0698/00G000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAMAGRE
since 20212.322.486.242
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51029B0698/00G000 | Wallonia | 2,302 m² | 1 · 138 m² | 8.0 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFrasnes-lez-Anvaing2.322.486.242
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 8,446 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
Founded04-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775265075
Registered
27-03-2026
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.