MAMMA ROMA GROUP

Active

Public limited companyfounded 200719 yrs activeRue du Stordoir, Sauv. 61, 5030 Gembloux, BelgiumKBO/BCE: BE 0889.618.078

The computed 12-month bankruptcy probability of MAMMA ROMA GROUP is 4.2% (elevated). The 2025 annual accounts show negative equity (€-19.58M) and a net result of €-1.64M. Equity is shrinking by ~51.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 806 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

20 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency0=

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.89 against 0.9 in 2024; short-term debt: 40.2% and cash: 1.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Ten signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2025

Solvency, return and age of the figures

Return on assets

-115.9%

Age of the figures

15 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €-19.58M

Filed more than 90 days late

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-06-2026, 123 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 filings

Deviation from the deadline

2025

123 d late

2024

10 d late

2023

22 d early

2022

1 d early

2021

7 d late

2020

11 d early

2019

31 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close21-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-1.64M▲ 70.4%

2024 · €-5.55M

2019: €-4.84M 2020: €-2.57M 2021: €-2.57M 2022: €-1.61M 2023: €-8.37M 2024: €-5.55M

2019 → 2025

Working capital

€-61k▲ 10.3%

2024 · €-67k

2019: €-1.92M 2020: €281k 2021: €660k 2022: €2.46M 2023: €30k 2024: €-67k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-4.70M-€-6.32M▼ 34.3%€-14.69M▼ 132%€-20.23M▼ 37.8%€-19.58M▲ 3.2%

Operating result€-969k-€-1.35M▼ 39.6%€-3.17M▼ 135%€-1.88M▲ 40.7%€-3.72M▼ 97.7%

Net result€-2.57M-€-1.61M▲ 37.3%€-8.37M▼ 418%€-5.55M▲ 33.7%€-1.64M▲ 70.4%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3.72M in 2025 against €1.88M in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.42M

64.0%

36.0%

Fixed assets €908k▼ 45.3%

Current assets €510k▼ 17.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-3.55M▼

2024 · €-1.58M

Cash flow

€-1.48M▲

2024 · €-5.24M

Current ratio

0.89▼

2024 · 0.90

Quick ratio

0.79▼

2024 · 0.80

Debt / equity

-1.07▲

2024 · -1.11

ROA

-115.9%▲

2024 · -243.9%

Interest coverage

-486.12▼

2024 · -2.13

Debt

€21.00M▼

2024 · €22.51M

Debt ≤ 1 year

€570k▼

2024 · €682k

Debt > 1 year

€20.42M▲

2024 · €19.82M

Staff costs

€608k▼

2024 · €1.04M

A ratio outside any meaningful range has been withheld (balance sheet total €1.42M, equity €-19.58M).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.27M€1.42M▼

Fixed assets21/28€1.66M€908k▼

Intangible fixed assets21€250k€23k▼

Tangible fixed assets22/27€1.09M€564k▼

Plant, machinery and equipment23€83k€55k▼

Furniture and vehicles24€32k€7k▼

Leasing and similar rights25€21k€10k▼

Other tangible fixed assets26€953k€492k▼

Financial fixed assets28€321k€322k▲

Current assets29/58€615k€510k▼

Stocks and contracts in progress3€67k€60k▼

Stocks30/36€67k€60k▼

Amounts receivable within one year40/41€351k€224k▼

Trade receivables40€10k€743▼

Other amounts receivable41€342k€223k▼

Cash at bank and in hand54/58€194k€18k▼

Deferred charges and accrued income490/1€3k€208k▲

Equity and liabilities

Total equity and liabilities10/49€2.27M€1.42M▼

Equity10/15€-20.23M€-19.58M▲

Contributions10/11€15.50M€17.80M▲

Capital10€15.50M€17.80M▲

Issued capital100€15.50M€17.80M▲

Profit (loss) carried forward14€-35.73M€-37.38M▼

Amounts payable17/49€22.51M€21.00M▼

Amounts payable after more than one year17€19.82M€20.42M▲

Financial debts170/4€19.82M€20.42M▲

Amounts payable within one year42/48€682k€570k▼

Current portion of amounts payable after more than one year42€17k€24k▲

Trade debts44€555k€518k▼

Suppliers440/4€555k€518k▼

Taxes, remuneration and social security45€110k€29k▼

Taxes450/3€9k-

Remuneration and social security454/9€101k€29k▼

Accrued charges and deferred income492/3€2.01M-

Income statement Code20242025

Non-recurring operating income76A-€35k

Remuneration, social security and pensions62€1.04M€608k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€304k€164k▼

Other operating charges640/8€71k€612k▲

Non-recurring operating charges66A-€2.14M

Gross operating margin9900€-467k€-200k▲

Operating profit (loss)9901€-1.88M€-3.72M▼

Financial income75/76B€237k€2.08M▲

Recurring financial income75€12k€556▼

Non-recurring financial income76B€225k€2.08M▲

Financial charges65/66B€3.90M€10k▼

Recurring financial charges65€739k€7k▼

Non-recurring financial charges66B€3.16M€2k▼

Profit (loss) for the period before taxes9903€-5.55M€-1.64M▲

Profit (loss) for the period9904€-5.55M€-1.64M▲

Profit (loss) for the period to be appropriated9905€-5.55M€-1.64M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-35.73M€-37.38M▼

Profit (loss) brought forward from the previous period14P€-30.19M€-35.73M▼

Social balance

Average headcount (FTE)908719.411.9▼

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

19-08

State Gazette act Resignations & appointments

General meeting · Director resignation3 facts ▸

General meeting, 2026-05-29
Director resignation, Charles Adriaenssen (administrateur)
Director resignation, BRANDON STEPHENS (administrateur)

03-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 123 days late

2025

10-02

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 10 days late

2024

09-01

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

30-06

Financial Weakest financial yearnet €-8.37M

Net result drops to €-8.37M, the lowest in the series; recovery starts the following year.

30-01

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

30-06

Financial Liquidity triplescurrent ratio 6.10

Current ratio from 2.15 to 6.10; short-term debt falls from €572k to €482k.

07-02

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 7 days late

2021

20-01

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

30-06

Financial Liquidity times 7current ratio 2.10

Current ratio from 0.31 to 2.10; short-term debt falls from €2.79M to €256k.

2019

31-12

NBB filing Annual accounts filed

fiscal year 2019 · full schema

28-02

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 28 days late

2018

04-01

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

16-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 16 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

29-05-2026 BRANDON STEPHENS: Resigned as Director

29-05-2026 Charles Adriaenssen: Resigned as Director

Location & real-estate footprint

Registered office, Gembloux · 4 establishment units since 2007

establishment approximate All 4 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Stordoir, Sauv. 615030 Gembloux

Ground area

1,867 m²

Building footprint

1,024 m²

Volume, LiDAR

10,494 m³

5 parcels, Brussels, Wallonia · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.

4 establishment units

MAMMA ROMA JOURDAN

Jourdanplein 37, 1040 EtterbeekLimited-service restaurants, excluding mobile food services

since 20072.162.862.646

MAMMA ROMA FLAGEY

Vleurgatse Steenweg 5, 1050 ElseneFull-service restaurants

since 20112.196.407.919

MAMMA ROMA CHATELAIN

Edelknaapstraat 5, 1050 ElseneFull-service restaurants

since 20112.196.408.216

MAMMA ROMA STE CATHERINE

Sint-Katelijneplein 8/9, 1000 BrusselFood and beverage service activities

since 20202.300.445.565

5 parcels

Wallonia 1 (20%) Brussels 4 (80%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92253D0445/00E000	Wallonia	980 m²	1 · 171 m²	-
21812N0317/00D000	Brussels	347 m²	1 · 317 m²	14.7 m · 4 fl.
21447B0301/00D008indicative	Brussels	333 m²	1 · 333 m²	21.5 m · 3 fl.
21005A0122/00S000	Brussels	147 m²	1 · 141 m²	23.8 m · 7 fl.
21444B0016/00M000	Brussels	61 m²	1 · 62 m²	15.6 m · 5 fl.