MARK
ActiveSummary
The computed 12-month bankruptcy probability of MARK is 17.1% (high). For MARK, at least two annual filings are missing. The 2023 annual accounts show negative equity (-€20,773) and a net result of -€47,150. Equity has been shrinking by about 93% per year since 2021. Its solvency ranks better than 15% of 17,636 sector peers (NACE 56, financial year 2023). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-07-2020 Normal situation
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112and 1 other
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2023
- Establishment unit
- 2.304.618.248 2431 Laakdal, since 02-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 17.1%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- €49,702
- ▲ 2.9%
- Turnover
- ≈ €280,000
- estimated
- Loss
- €47,150
- ▲ 25×
- Equity
- -€20,773
- Total assets
- €44,379
- ▼ 37.6%
- Employees on 31-12-2023
- 5
- Negative equity on 31-12-2023
- 2024 accounts not filed, 459 days past the deadline
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 440 days late; 2 of the last 3 accounts lateFigures for financial year 2023 (filed on 14-10-2025)Size: total assets €44,379Loss of €47,150, the second in a row (financial year 2023)Two or more financial years not filed2023 accounts filed 440 days lateShow the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Weak
Solvency
0-62
equity -46.8% of total assets
Liquidity
19-3
short-term debt 146.8% · cash 15.2%
Profitability
0-65
return on assets -106.2%
Bankruptcy probability within 12 months
17.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.1%lowest value
01-2025: 9.3%▲ +2.2 percentage points vs 12-2024
02-2025: 9.3%● unchanged vs 01-2025
03-2025: 9.4%▲ +0.1 percentage points vs 02-2025
04-2025: 8.6%▼ -0.8 percentage points vs 03-2025
05-2025: 8.6%● unchanged vs 04-2025
06-2025: 8.4%▼ -0.2 percentage points vs 05-2025
07-2025: 8.4%● unchanged vs 06-2025
08-2025: 10.0%▲ +1.6 percentage points vs 07-2025
09-2025: 10.6%▲ +0.6 percentage points vs 08-2025
10-2025: 10.6%● unchanged vs 09-2025
11-2025: 11.9%▲ +1.3 percentage points vs 10-2025
12-2025: 13.2%▲ +1.3 percentage points vs 11-2025
01-2026: 15.9%▲ +2.7 percentage points vs 12-2025
02-2026: 15.9%● unchanged vs 01-2026
03-2026: 16.1%▲ +0.2 percentage points vs 02-2026
04-2026: 15.1%▼ -1.0 percentage point vs 03-2026
05-2026: 15.1%● unchanged vs 04-2026
06-2026: 14.9%▼ -0.2 percentage points vs 05-2026
07-2026: 15.0%▲ +0.1 percentage points vs 06-2026
08-2026: 17.1%▲ +2.1 percentage points vs 07-2026highest value
09-2026: 17.1%● unchanged vs 08-2026highest value
10-2026: 17.1%● unchanged vs 09-2026highest value
11-2026: 17.1%● unchanged vs 10-2026highest value
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline02-11-2026 today
raises risk · 2023 accounts filed 440 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 14-10-2025, 440 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
440 days late
2022
on the day
2021
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 177 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 2 November 2026.
Annual accounts 2023 filed on 14-10-2025 PDF all 3 filings
Turnover
≈ €280,000
Estimated: probably between €210,000 and €360,000
Total assets
€44,379▼ 37.6%
2022 · €71,151
Net result
-€47,150▼ 2,397%
2022 · -€1,888
Working capital
-€45,832▼ 882%
2022 · -€4,666
Trend over the years
2021 to 2023, 3 financial years
The operating result for 2023 is a loss of €45,425, larger than the loss of €1,516 in 2022. It is the lowest result since 2021.
Operating result-€45,425
2023
Net result-€47,150
2023
Total assets€44,379
2023
Equity-€20,773
2023
Debt€65,152
2023
Working capital-€45,832
2023
Return on assets (ROA)-106.2%
2023
Solvency-46.8%
2023
Current ratio0.30
2023
Staff (FTE)2.1
2023
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Operating result€22,363--€1,516-€45,425▼ 2,897%
Net result€16,266within the sector's middle half--€1,888within the sector's middle half-€47,150below the sector's middle half▼ 2,397%
Equity€28,266within the sector's middle half-€26,377within the sector's middle half▼ 6.7%-€20,773below the sector's middle half
Total assets€61,841within the sector's middle half-€71,151within the sector's middle half▲ 15.1%€44,379below the sector's middle half▼ 37.6%
Debt€33,575-€44,774▲ 33.4%€65,152▲ 45.5%
Working capital-€7,837within the sector's middle half--€4,666within the sector's middle half▲ 40.5%-€45,832below the sector's middle half▼ 882%
Solvency45.7%within the sector's middle half-37.1%within the sector's middle half▼ 8.6pp-46.8%below the sector's middle half▼ 83.9pp
Current ratio0.77within the sector's middle half-0.90within the sector's middle half▲ 0.130.30below the sector's middle half▼ 0.60
Return on assets (ROA)26.3%above the sector's middle half--2.7%within the sector's middle half▼ 29.0pp-106.2%below the sector's middle half▼ 103.6pp
Staff (FTE)3.9-2.1
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €44,379
Fixed assets
€25,059 ▼ 19.3%
Current assets
€19,320 ▼ 51.8%
Equity and liabilities
Equity-€20,773
Debt€65,152
Equity is negative. Debt (€65,152) exceeds the balance-sheet total (€44,379).
Key figures and ratios
EBITDA
-€39,441▼
2022 · €4,442
Cash flow
-€41,166▼
2022 · €4,069
Quick ratio
0.10▼
2022 · 0.75
Interest coverage
-22.86▼
2022 · 11.58
Debt ≤ 1 year
€65,152▲
2022 · €44,774
Staff costs
€86,227▲
2022 · €41,411
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 5 |
| full-time | 0 | 2 |
| part-time | 3 | 3 |
| in full-time equivalents | 1 | 3 |
| Average over the year, in full-time equivalents | 1.2 | 2.1 |
| On a permanent contract | 2 | 2 |
| Joined | 6 | 5 |
| Left | 4 | 3 |
| Training hours | - | 459 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €43,985 | €898 | - |
| Intangible fixed assets | €0 | - | - |
| Financial fixed assets | €0 | - | - |
| Depreciation and write-downs of the year | €7,883 | €5,957 | €5,984 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14,285 | €41,411 | €86,227 | ▲ 108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,883 | €5,957 | €5,984 | ▲ 0.4% |
| Other operating charges640/8 | €1,561 | €2,441 | €2,915 | ▲ 19.4% |
| Gross operating margin9900 | €46,092 | €48,294 | €49,702 | ▲ 2.9% |
| Operating profit (loss)9901 | €22,363 | -€1,516 | -€45,425 | ▼ 2,897% |
| Financial income75/76B | €3 | €11 | - | - |
| Recurring financial income75 | €3 | €11 | - | - |
| Financial charges65/66B | €2,045 | €384 | €1,725 | ▲ 350% |
| Recurring financial charges65 | €2,045 | €384 | €1,725 | ▲ 350% |
| Profit (loss) for the period before taxes9903 | €20,320 | -€1,888 | -€47,150 | ▼ 2,397% |
| Income taxes67/77 | €4,054 | €0 | - | - |
| Profit (loss) for the period9904 | €16,266 | -€1,888 | -€47,150 | ▼ 2,397% |
| Profit (loss) for the period to be appropriated9905 | €16,266 | -€1,888 | -€47,150 | ▼ 2,397% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61,841 | €71,151 | €44,379 | ▼ 37.6% |
| Fixed assets21/28 | €36,102 | €31,043 | €25,059 | ▼ 19.3% |
| Tangible fixed assets22/27 | €36,102 | €31,043 | €25,059 | ▼ 19.3% |
| Land and buildings22 | €25,671 | €22,502 | €19,333 | ▼ 14.1% |
| Plant, machinery and equipment23 | €9,443 | €7,809 | €5,251 | ▼ 32.8% |
| Furniture and vehicles24 | €989 | €732 | €475 | ▼ 35.1% |
| Current assets29/58 | €25,739 | €40,108 | €19,320 | ▼ 51.8% |
| Stocks and contracts in progress3 | - | €6,574 | €12,522 | ▲ 90.5% |
| Stocks30/36 | - | €6,574 | €12,522 | ▲ 90.5% |
| Amounts receivable within one year40/41 | €5,285 | €30,870 | - | - |
| Trade receivables40 | €5,285 | €30,749 | - | - |
| Other amounts receivable41 | - | €121 | - | - |
| Cash at bank and in hand54/58 | €20,454 | €2,664 | €6,734 | ▲ 153% |
| Deferred charges and accrued income490/1 | - | - | €64 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61,841 | €71,151 | €44,379 | ▼ 37.6% |
| Equity10/15 | €28,266 | €26,377 | -€20,773 | - |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | = |
| Reserves13 | €16,266 | €16,266 | €16,266 | = |
| Distributable reserves133 | €16,266 | €16,266 | €16,266 | = |
| Profit (loss) carried forward14 | - | -€1,888 | -€49,038 | ▼ 2,497% |
| Amounts payable17/49 | €33,575 | €44,774 | €65,152 | ▲ 45.5% |
| Amounts payable within one year42/48 | €33,575 | €44,774 | €65,152 | ▲ 45.5% |
| Trade debts44 | €8,836 | €32,464 | €18,271 | ▼ 43.7% |
| Suppliers440/4 | €8,836 | €32,464 | €18,271 | ▼ 43.7% |
| Taxes, remuneration and social security45 | €10,327 | €12,216 | €46,881 | ▲ 284% |
| Taxes450/3 | €4,770 | €7,326 | €16,179 | ▲ 121% |
| Remuneration and social security454/9 | €5,558 | €4,890 | €30,702 | ▲ 528% |
| Other amounts payable47/48 | €14,411 | €94 | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,266 | -€1,888 | -€47,150 | ▼ 2,397% |
| + Depreciation and write-downs630 | €7,883 | €5,957 | €5,984 | ▲ 0.4% |
| Operating cash flow (approximation) | €24,148 | €4,069 | -€41,166 | - |
| Investment in fixed assets (approximation) | - | -€898 | €0 | - |
| Change in cash | - | -€17,790 | €4,070 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2025
Adel Girgis
Current
Director (not named in the articles) · appointed in the act of 12-06-2025 · earlier managing director, until 01-08-2023 · term without a fixed end · listed in the 2023 annual accounts, filed on 14-10-2025
Owners and capital
Owners
Mandate history
2 people, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Adel Girgis |
|
| Mrna Girgis |
|
Network & group
MARK shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of MARK. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2025
14-10
micro format · 440 days late
12-06
Gazette deed
Appointment: Adel Girgis (director)Resignation: Mrna Girgis (director) · Director discharge · Power of attorney5 points ▸
Gazette deed
Appointment: Adel Girgis (director)
Resignation: Mrna Girgis (director) · Director discharge · Power of attorney5 points ▸
- General meeting, 02-01-2025
- Director appointment, Adel Girgis (director (not named in the articles))
- Director resignation, Mrna Girgis (director (not named in the articles))
- Director discharge, Mrna Girgis (director (not named in the articles))
- Power of attorney, BV DW accountants en belastingadviseurs
2024
05-01
Gazette deed
Resignation: Adel Girgis (director)Director discharge5 points ▸
Gazette deed
Resignation: Adel Girgis (director)
Director discharge5 points ▸
- General meeting, 14-12-2023
- Director resignation, Adel Girgis (director (not named in the articles))
- Director discharge, Adel Girgis (director (not named in the articles))
- Board meeting, 07-12-2023
- Director resignation, Adel Girgis (managing director)
2023
31-12
Financial
Weakest financial yearnet -€47,150
The net result drops to -€47,150, the lowest from 2021 to 2023.
31-07
micro format · on the deadline day
2022
31-10
micro format · 92 days late
2020
06-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MARK in Dutch
Enterprise number
0749.693.006
Legal form
Private limited company
Status
Active, normale toestand
Founded
02-07-2020
Entity type
Legal entity
Registered office and establishments
Registered office
Veerledorp 27, 2431 Laakdal, Belgium
Establishment unit
Restaurant Mark, Veerledorp 27, 2431 Laakdal since 02-07-2020 · unit number 2.304.618.248
Activities
NACEBEL 2025VAT activities
56112
Limited-service restaurants, excluding mobile food services main activity
56111
Full-service restaurants
Social security (RSZ) activities
56111
Full-service restaurants main activity
Codes under NACEBEL 2008
VAT activities
56102
Limited-service restaurants main activity
56101
Full-service restaurants
Social security (RSZ) activities
56101
Full-service restaurants main activity
Joint committee
302 Paritair Comité voor het hotelbedrijf annual accounts 2023
Invoicing and payment
VAT number
BE 0749.693.006
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaakdalunit number 2.304.618.248
Sites & property
Location
Buildings and parcels at the address
Ground area
211 m²
Building footprint
290 m²
Building volume
1,730 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13042A0371/02H000 | Flanders | 211 m² | 1 · 290 m² | 11.8 m · 2 |