Margiocri
ActiveSummary
The computed 12-month bankruptcy probability of Margiocri is 4.0% (moderate). The annual accounts of Margiocri for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €53,198 and a net result of -€115,549. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 13683 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency34▼-24
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days 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 0.59 against 2.99 in 2024; short-term debt: 37.2% and cash: 3.8% of total assets), and 91.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
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 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
-19%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
10 d late
2024
23 d early
2023
51 d early
2022
29 d late
2021
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 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 10 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€53,198▼ 68.5%
2024 · €168,747
Total assets
€609,027▲ 18.4%
2024 · €514,277
Net result
-€115,549
2024 · €17,642
Working capital
-€93,865
2024 · €262,825
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
Line20212022202320242025
Operating result€59,907-€79,808▲ 33.2%€37,370▼ 53.2%€54,873▲ 46.8%-€94,544
Net result€54,089above the sector's middle half-€63,609above the sector's middle half▲ 17.6%€24,208above the sector's middle half▼ 61.9%€17,642within the sector's middle half▼ 27.1%-€115,549below the sector's middle half
Equity€63,289within the sector's middle half-€126,898above the sector's middle half▲ 101%€151,105above the sector's middle half▲ 19.1%€168,747above the sector's middle half▲ 11.7%€53,198within the sector's middle half▼ 68.5%
Total assets€159,503within the sector's middle half-€205,416within the sector's middle half▲ 28.8%€243,799above the sector's middle half▲ 18.7%€514,277above the sector's middle half▲ 111%€609,027above the sector's middle half▲ 18.4%
Debt€96,213-€78,518▼ 18.4%€92,694▲ 18.1%€345,530▲ 273%€555,829▲ 60.9%
Working capital-€14,808within the sector's middle half--€155within the sector's middle half▲ 99.0%€23,070within the sector's middle half€262,825above the sector's middle half▲ 1,039%-€93,865below the sector's middle half
Solvency39.7%within the sector's middle half-61.8%above the sector's middle half▲ 22.1pp62.0%above the sector's middle half▲ 0.2pp32.8%within the sector's middle half▼ 29.2pp8.7%within the sector's middle half▼ 24.1pp
Current ratio0.85within the sector's middle half-1.00within the sector's middle half▲ 0.151.25within the sector's middle half▲ 0.252.99above the sector's middle half▲ 1.740.59within the sector's middle half▼ 2.41
Return on assets (ROA)33.9%above the sector's middle half-31.0%above the sector's middle half▼ 2.9pp9.9%within the sector's middle half▼ 21.0pp3.4%within the sector's middle half▼ 6.5pp-19.0%below the sector's middle half▼ 22.4pp
Staff (FTE)4.5-6.8▲ 51.1%7.1▲ 4.4%9.6▲ 35.2%12.8▲ 33.3%
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
The operating result turns negative in 2025: a loss of €94,544 after €54,873 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €609,027
Fixed assets
€476,393 ▲ 298%
Current assets
€132,635 ▼ 66.4%
Equity and liabilities €609,027
Equity
€53,198 ▼ 68.5%
Debt
€555,829 ▲ 60.9%
Debt's share of the balance-sheet total rises from 67.2% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€38,536▼
2024 · €84,080
Cash flow
-€59,541▼
2024 · €46,849
Quick ratio
0.46▼
2024 · 2.73
Debt to equity
10.45▲
2024 · 2.05
ROE
-217.2%▼
2024 · 10.5%
Interest coverage
-1.84▼
2024 · 7.87
Debt ≤ 1 year
€226,500▲
2024 · €131,888
Debt > 1 year
€329,329▲
2024 · €213,642
Income taxes
€222▼
2024 · €26,788
Staff costs
€249,525▲
2024 · €183,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 450 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 87% are still going.
- Small
- solvency under 10%
- a loss of 10% of the balance sheet or more
- without age
6.4%
went bankrupt
5.3%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.0% over twelve months; the group does not contradict it.
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 450 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €30,500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €132,940 | €172,098 | €149,257 | €183,541 | €249,525 | ▲ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,923 | €16,021 | €26,440 | €29,207 | €56,007 | ▲ 91.8% |
| Other operating charges640/8 | €101 | €164 | €391 | €1,906 | €584 | ▼ 69.3% |
| Non-recurring operating charges66A | - | - | - | €7,311 | - | - |
| Gross operating margin9900 | €196,871 | €268,091 | €213,458 | €276,838 | €211,573 | ▼ 23.6% |
| Operating profit (loss)9901 | €59,907 | €79,808 | €37,370 | €54,873 | -€94,544 | ▼ 272% |
| Financial income75/76B | €75 | €194 | €932 | €237 | €130 | ▼ 45.0% |
| Recurring financial income75 | €75 | €194 | €932 | €237 | €130 | ▼ 45.0% |
| Financial charges65/66B | €1,529 | €2,165 | €6,847 | €10,680 | €20,914 | ▲ 95.8% |
| Recurring financial charges65 | €1,529 | €2,165 | €6,847 | €10,680 | €20,914 | ▲ 95.8% |
| Profit (loss) for the period before taxes9903 | €58,453 | €77,836 | €31,455 | €44,430 | -€115,327 | ▼ 360% |
| Income taxes67/77 | €4,364 | €14,228 | €7,248 | €26,788 | €222 | ▼ 99.2% |
| Profit (loss) for the period9904 | €54,089 | €63,609 | €24,208 | €17,642 | -€115,549 | ▼ 755% |
| Profit (loss) for the period to be appropriated9905 | €54,089 | €63,609 | €24,208 | €17,642 | -€115,549 | ▼ 755% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,503 | €205,416 | €243,799 | €514,277 | €609,027 | ▲ 18.4% |
| Fixed assets21/28 | €78,097 | €127,053 | €128,035 | €119,564 | €476,393 | ▲ 298% |
| Tangible fixed assets22/27 | €78,097 | €126,553 | €127,435 | €118,964 | €475,793 | ▲ 300% |
| Land and buildings22 | €38,738 | €65,072 | €73,093 | €72,218 | €357,626 | ▲ 395% |
| Plant, machinery and equipment23 | €39,360 | €38,641 | €37,509 | €35,918 | €111,673 | ▲ 211% |
| Furniture and vehicles24 | - | €22,839 | €16,834 | €10,828 | €6,494 | ▼ 40.0% |
| Financial fixed assets28 | - | €500 | €600 | €600 | €600 | = |
| Current assets29/58 | €81,405 | €78,363 | €115,764 | €394,713 | €132,635 | ▼ 66.4% |
| Stocks and contracts in progress3 | - | €17,088 | €9,876 | €34,241 | €28,213 | ▼ 17.6% |
| Stocks30/36 | - | €17,088 | €9,876 | €34,241 | €28,213 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €39,455 | €23,496 | €40,620 | €50,828 | €80,880 | ▲ 59.1% |
| Trade receivables40 | €34,052 | €17,207 | €40,119 | €50,828 | €80,701 | ▲ 58.8% |
| Other amounts receivable41 | €5,403 | €6,289 | €502 | - | €179 | - |
| Cash at bank and in hand54/58 | €41,625 | €36,065 | €65,152 | €306,507 | €23,117 | ▼ 92.5% |
| Deferred charges and accrued income490/1 | €325 | €1,714 | €115 | €3,136 | €425 | ▼ 86.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,503 | €205,416 | €243,799 | €514,277 | €609,027 | ▲ 18.4% |
| Equity10/15 | €63,289 | €126,898 | €151,105 | €168,747 | €53,198 | ▼ 68.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €53,289 | €116,898 | €141,105 | €158,747 | €43,198 | ▼ 72.8% |
| Amounts payable17/49 | €96,213 | €78,518 | €92,694 | €345,530 | €555,829 | ▲ 60.9% |
| Amounts payable after more than one year17 | - | - | - | €213,642 | €329,329 | ▲ 54.2% |
| Financial debts170/4 | - | - | - | €213,642 | €329,329 | ▲ 54.2% |
| Amounts payable within one year42/48 | €96,213 | €78,518 | €92,694 | €131,888 | €226,500 | ▲ 71.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,910 | €33,292 | ▲ 67.2% |
| Trade debts44 | €74,772 | €35,785 | €58,844 | €57,914 | €63,365 | ▲ 9.4% |
| Suppliers440/4 | €74,772 | €35,785 | €58,844 | €57,914 | €63,365 | ▲ 9.4% |
| Advances received on contracts in progress46 | - | - | - | - | €563 | - |
| Taxes, remuneration and social security45 | €17,797 | €35,996 | €32,653 | €45,118 | €37,619 | ▼ 16.6% |
| Taxes450/3 | €4,604 | €26,334 | €28,314 | €26,526 | €5,947 | ▼ 77.6% |
| Remuneration and social security454/9 | €13,193 | €9,662 | €4,339 | €18,592 | €31,672 | ▲ 70.4% |
| Other amounts payable47/48 | €3,644 | €6,737 | €1,198 | €8,947 | €91,660 | ▲ 925% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,089 | €63,609 | €24,208 | €17,642 | -€115,549 | ▼ 755% |
| + Depreciation and write-downs630 | €3,923 | €16,021 | €26,440 | €29,207 | €56,007 | ▲ 91.8% |
| Operating cash flow (approximation) | €58,012 | €79,629 | €50,648 | €46,849 | -€59,541 | ▼ 227% |
| Investment in fixed assets (approximation) | - | -€64,976 | -€27,422 | -€20,736 | -€412,836 | ▼ 1,891% |
| Change in cash | - | -€5,560 | €29,087 | €241,355 | -€283,391 | ▼ 217% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet -€115,549
Net result drops to -€115,549, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.99
Current ratio from 1.25 to 2.99.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €151,105 ▲19.1%
3 profitable years in a row build equity to €151,105.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2021net €63,609 ▲17.6%
Operating result €79,808, net result €63,609, both a record.
31-12
Financial
Equity above €100,000Eq €126,898 ▲101%
2 profitable years in a row build equity to €126,898.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 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, Kalmthout · 1 establishment unit since 2020
Ground area
344 m²
Building footprint
172 m²
Volume, LiDAR
1,294 m³
Parcel 11022F0006/00E013, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Margiocri
since 20202.307.734.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022F0006/00E013 | Flanders | 344 m² | 1 · 172 m² | 13.0 m · 4 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 siteKalmthout2.307.734.522
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 9,843 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
Founded25-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752898063
Also
9925:BE0752898063
Registered
16-12-2025
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.