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MARKT 22

Active
Private limited companyfounded 199035 yrs activeDiksmuidseweg 360, 8904 Ieper, BelgiumKBO/BCE: BE 0442.097.789
Summary

MARKT 22 has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,394 and a net result of -€14,364. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 3762 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability8▼-25
Solvency61▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.37 against 1.59 in 2024; short-term debt: 63.7% and cash: 2.7% of total assets), and 63.7% of the assets are financed with debt.
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Signals

Four 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 →
lowers risk · 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
highest failure risk from 2 to 8 years 35 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
36.3%
Return on assets
-8.9%
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 21-08-2026, 21 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 · 10 filings
Deviation from the deadline
2025
21 d late
2024
7 d late
2023
93 d early
2022
84 d early
2021
72 d early
2020
96 d early
2019
55 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 20 May (4 of the last 5 filed years within 79 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 7 December 1990, MARKT 22 was incorporated.1 Total assets went from EUR 214,791 in 2018 to EUR 160,890 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€58,394▼ 19.7%
2024 · €72,758
Total assets
€160,890▲ 2.6%
2024 · €156,857
Net result
-€14,364
2024 · €17,415
Working capital
€37,411▼ 24.7%
2024 · €49,694
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€20,833▼ 52.6%€40,502▲ 94.4%€19,815▼ 51.1%-€8,409-€14,996▼ 78.3%
Net result€10,446within the sector's middle half▼ 44.7%€29,034within the sector's middle half▲ 178%€14,254within the sector's middle half▼ 50.9%€17,415within the sector's middle half▲ 22.2%-€14,364below the sector's middle half
Equity€12,055within the sector's middle half▲ 649%€41,089within the sector's middle half▲ 241%€55,344within the sector's middle half▲ 34.7%€72,758within the sector's middle half▲ 31.5%€58,394within the sector's middle half▼ 19.7%
Total assets€75,767within the sector's middle half▼ 18.1%€101,770below the sector's middle half▲ 34.3%€124,988below the sector's middle half▲ 22.8%€156,857below the sector's middle half▲ 25.5%€160,890within the sector's middle half▲ 2.6%
Debt€63,712▼ 29.9%€60,681▼ 4.8%€69,645▲ 14.8%€84,099▲ 20.8%€102,495▲ 21.9%
Working capital€10,220within the sector's middle half€30,014within the sector's middle half▲ 194%€44,627within the sector's middle half▲ 48.7%€49,694within the sector's middle half▲ 11.4%€37,411within the sector's middle half▼ 24.7%
Solvency15.9%within the sector's middle half▲ 14.2pp40.4%within the sector's middle half▲ 24.5pp44.3%within the sector's middle half▲ 3.9pp46.4%within the sector's middle half▲ 2.1pp36.3%within the sector's middle half▼ 10.1pp
Current ratio1.16within the sector's middle half▲ 0.171.49within the sector's middle half▲ 0.331.64within the sector's middle half▲ 0.151.59within the sector's middle half▼ 0.051.37within the sector's middle half▼ 0.23
Return on assets (ROA)13.8%within the sector's middle half▼ 6.6pp28.5%above the sector's middle half▲ 14.7pp11.4%within the sector's middle half▼ 17.1pp11.1%within the sector's middle half▼ 0.3pp-8.9%below the sector's middle half▼ 20.0pp
Staff (FTE)
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: €20,833€20,833Net result 2021: €10,446€10,446Operating result 2022: €40,502€40,502Net result 2022: €29,034€29,034Operating result 2023: €19,815€19,815Net result 2023: €14,254€14,254Operating result 2024: -€8,409-€8,409Net result 2024: €17,415€17,415Operating result 2025: -€14,996-€14,996Net result 2025: -€14,364-€14,36420212022202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: €19,815€19,800Net result 2023: €14,254€14,300Operating result 2024: -€8,409-€8,410Net result 2024: €17,415€17,400Operating result 2025: -€14,996-€15,000Net result 2025: -€14,364-€14,400202320242025
The operating result stays negative: a loss of €14,996 in 2025 against €8,409 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 €160,890
Fixed assets €20,983 ▼ 9.0%
Current assets €139,906 ▲ 4.6%
Equity and liabilities €160,890
Equity €58,394 ▼ 19.7%
Debt €102,495 ▲ 21.9%
Debt's share of the balance-sheet total rises from 53.6% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,543▼
2024 · -€6,945
Cash flow
-€8,911▼
2024 · €18,879
Debt to equity
1.76▲
2024 · 1.16
ROE
-24.6%▼
2024 · 23.9%
Interest coverage
-46.41▼
2024 · -42.00
Debt ≤ 1 year
€102,495▲
2024 · €84,099
Income taxes
€389▲
2024 · €87
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€156,857€160,890▲
Fixed assets21/28€23,064€20,983▼
Tangible fixed assets22/27€23,064€20,983▼
Plant, machinery and equipment23-€3,040
Furniture and vehicles24€22,706€17,944▼
Other tangible fixed assets26€358-
Current assets29/58€133,793€139,906▲
Amounts receivable within one year40/41€117,033€129,352▲
Trade receivables40€54,392€59,627▲
Other amounts receivable41€62,641€69,725▲
Cash at bank and in hand54/58€12,346€4,416▼
Deferred charges and accrued income490/1€4,414€6,138▲
Equity and liabilities
Total equity and liabilities10/49€156,857€160,890▲
Equity10/15€72,758€58,394▼
Contributions10/11€112,592€112,592=
Profit (loss) carried forward14-€39,834-€54,198▼
Amounts payable17/49€84,099€102,495▲
Amounts payable within one year42/48€84,099€102,495▲
Trade debts44€2,192€2,923▲
Suppliers440/4€2,192€2,923▲
Taxes, remuneration and social security45€6,802€1,713▼
Taxes450/3€6,802€1,713▼
Other amounts payable47/48€75,105€97,860▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,464€5,453▲
Other operating charges640/8€3,268€2,372▼
Gross operating margin9900-€3,677-€7,171▼
Operating profit (loss)9901-€8,409-€14,996▼
Financial income75/76B€26,076€1,226▼
Recurring financial income75€26,076€1,226▼
Financial charges65/66B€165€206▲
Recurring financial charges65€165€206▲
Profit (loss) for the period before taxes9903€17,502-€13,975▼
Income taxes67/77€87€389▲
Profit (loss) for the period9904€17,415-€14,364▼
Profit (loss) for the period to be appropriated9905€17,415-€14,364▼
Appropriation of the result
Profit (loss) to be appropriated9906-€48,889-€54,198▼
Profit (loss) brought forward from the previous period14P-€66,304-€39,834▲
Transfer from equity791/2€9,056-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€130-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€799€760€358€1,464€5,453▲ 272%
Other operating charges640/8€1,440€161€475€3,268€2,372▼ 27.4%
Gross operating margin9900€22,942€41,424€20,649-€3,677-€7,171▼ 95.0%
Operating profit (loss)9901€20,833€40,502€19,815-€8,409-€14,996▼ 78.3%
Financial income75/76B€4€380€2,907€26,076€1,226▼ 95.3%
Recurring financial income75€4€380€2,907€26,076€1,226▼ 95.3%
Financial charges65/66B€6,589€1,956€3,280€165€206▲ 24.4%
Recurring financial charges65€6,589€1,956€3,280€165€206▲ 24.4%
Profit (loss) for the period before taxes9903€14,248€38,926€19,443€17,502-€13,975▼ 180%
Income taxes67/77€3,803€9,891€5,188€87€389▲ 349%
Profit (loss) for the period9904€10,446€29,034€14,254€17,415-€14,364▼ 182%
Profit (loss) for the period to be appropriated9905€10,446€29,034€14,254€17,415-€14,364▼ 182%
Line20212022202320242025Change
Assets
Total assets20/58€75,767€101,770€124,988€156,857€160,890▲ 2.6%
Fixed assets21/28€1,835€11,075€10,717€23,064€20,983▼ 9.0%
Tangible fixed assets22/27€1,835€1,075€717€23,064€20,983▼ 9.0%
Plant, machinery and equipment23----€3,040-
Furniture and vehicles24---€22,706€17,944▼ 21.0%
Other tangible fixed assets26€1,835€1,075€717€358--
Financial fixed assets28-€10,000€10,000---
Current assets29/58€73,932€90,695€114,272€133,793€139,906▲ 4.6%
Amounts receivable within one year40/41€64,336€46,090€70,838€117,033€129,352▲ 10.5%
Trade receivables40€64,336€45,860€6,654€54,392€59,627▲ 9.6%
Other amounts receivable41-€230€64,184€62,641€69,725▲ 11.3%
Cash at bank and in hand54/58€4,417€38,977€39,159€12,346€4,416▼ 64.2%
Deferred charges and accrued income490/1€5,179€5,628€4,274€4,414€6,138▲ 39.1%
Equity and liabilities
Total equity and liabilities10/49€75,767€101,770€124,988€156,857€160,890▲ 2.6%
Equity10/15€12,055€41,089€55,344€72,758€58,394▼ 19.7%
Contributions10/11€112,592€112,592€112,592€112,592€112,592=
Reserves13€9,056€9,056€9,056---
Non-distributable reserves130/1€106€106€106---
Reserves not available under the articles1311€106€106€106---
Distributable reserves133€8,950€8,950€8,950---
Profit (loss) carried forward14-€109,593-€80,559-€66,304-€39,834-€54,198▼ 36.1%
Amounts payable17/49€63,712€60,681€69,645€84,099€102,495▲ 21.9%
Amounts payable within one year42/48€63,712€60,681€69,645€84,099€102,495▲ 21.9%
Trade debts44€1,861€1,956€115€2,192€2,923▲ 33.4%
Suppliers440/4€1,861€1,956€115€2,192€2,923▲ 33.4%
Taxes, remuneration and social security45€12,006€4,397€10,535€6,802€1,713▼ 74.8%
Taxes450/3€12,006€4,397€10,535€6,802€1,713▼ 74.8%
Other amounts payable47/48€49,844€54,328€58,995€75,105€97,860▲ 30.3%
Line20212022202320242025Change
Profit (loss) for the period9904€10,446€29,034€14,254€17,415-€14,364▼ 182%
+ Depreciation and write-downs630€799€760€358€1,464€5,453▲ 272%
Operating cash flow (approximation)€11,244€29,795€14,613€18,879-€8,911▼ 147%
Investment in fixed assets (approximation)--€10,000€0-€13,812-€3,372▲ 75.6%
Change in cash-€34,560€182-€26,813-€7,930▲ 70.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
21-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial Weakest financial yearnet -€14,364
Net result drops to -€14,364, the lowest in the series.
07-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2024
29-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-05
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
24-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Ieper · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
625 m²
Building footprint
432 m²
Volume, LiDAR
2,071 m³
Parcel 33003A0841/00G000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MARKT 22
Diksmuidseweg 360, 8904 IeperLogistics services
since 19902.050.812.701
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33003A0841/00G000 Flanders 625 m² 1 · 432 m² 11.1 m · 1 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. I.L.B 97%
  2. BROUWERIJ HET SAS 100%
  3. MARKT 22

Highest known parent: I.L.B. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2023 annual accounts of MARKT 22 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,883 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
Founded07-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID 0208:0442097789
Also 9925:BE0442097789
Registered 09-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.