MECY
ActiveSummary
The computed 12-month bankruptcy probability of MECY is 5.2% (elevated). The 2025 annual accounts show negative equity (-€102,016) and a net result of -€93,522. Its solvency ranks better than 5% of 16,883 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- ≈ 1.9 FTE, estimated
- Equity
- -€102,016
- Loss
- -€93,522
Why 34raises riskSector: Food and beverage service activities (NACE 56)Founded in 2023Negative equity -€102,016Loss of €93,522, the second in a row (financial year 2025)Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 9% on solvency, 12% on liquidity, 8% on profitability and 1% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 23 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: PaoloPARRINELLO (administrateurnonstatutaire) · Permanent…
Financials · financial year 2025, micro format
2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405855.
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €92,389 in 2025 against €9,092 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.2% 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 497,445 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% | 0.9% |
| 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 74.5% 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 7,639 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €66,150 | €64,823 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,105 | €2,344 | ▲ 11.4% |
| Other operating charges640/8 | €254 | €3,382 | ▲ 13× |
| Gross operating margin9900 | €59,417 | -€21,841 | - |
| Operating profit (loss)9901 | -€9,092 | -€92,389 | ▼ 916% |
| Financial income75/76B | - | €93 | - |
| Recurring financial income75 | - | €93 | - |
| Financial charges65/66B | €402 | €1,226 | ▲ 205% |
| Recurring financial charges65 | €402 | €1,226 | ▲ 205% |
| Profit (loss) for the period before taxes9903 | -€9,494 | -€93,522 | ▼ 885% |
| Profit (loss) for the period9904 | -€9,494 | -€93,522 | ▼ 885% |
| Profit (loss) for the period to be appropriated9905 | -€9,494 | -€93,522 | ▼ 885% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €28,515 | €20,767 | ▼ 27.2% |
| Fixed assets21/28 | €4,589 | €9,913 | ▲ 116% |
| Tangible fixed assets22/27 | €4,589 | €9,913 | ▲ 116% |
| Plant, machinery and equipment23 | €3,426 | €1,593 | ▼ 53.5% |
| Other tangible fixed assets26 | €1,163 | €8,320 | ▲ 615% |
| Current assets29/58 | €23,926 | €10,854 | ▼ 54.6% |
| Stocks and contracts in progress3 | €15,915 | €8,420 | ▼ 47.1% |
| Stocks30/36 | €15,915 | €8,420 | ▼ 47.1% |
| Amounts receivable within one year40/41 | €469 | €195 | ▼ 58.4% |
| Trade receivables40 | €274 | - | - |
| Other amounts receivable41 | €195 | €195 | = |
| Cash at bank and in hand54/58 | €7,542 | €2,238 | ▼ 70.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €28,515 | €20,767 | ▼ 27.2% |
| Equity10/15 | -€8,494 | -€102,016 | ▼ 1,101% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€9,494 | -€103,016 | ▼ 985% |
| Amounts payable17/49 | €37,009 | €122,783 | ▲ 232% |
| Amounts payable within one year42/48 | €36,566 | €122,783 | ▲ 236% |
| Trade debts44 | €8,392 | €73,465 | ▲ 775% |
| Suppliers440/4 | €8,392 | €73,465 | ▲ 775% |
| Taxes, remuneration and social security45 | €5,094 | €19,784 | ▲ 288% |
| Taxes450/3 | €2,558 | €4,492 | ▲ 75.6% |
| Remuneration and social security454/9 | €2,536 | €15,293 | ▲ 503% |
| Other amounts payable47/48 | €23,080 | €29,534 | ▲ 28.0% |
| Accrued charges and deferred income492/3 | €443 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€9,494 | -€93,522 | ▼ 885% |
| + Depreciation and write-downs630 | €2,105 | €2,344 | ▲ 11.4% |
| Operating cash flow (approximation) | -€7,389 | -€91,178 | ▼ 1,134% |
| Investment in fixed assets (approximation) | - | -€7,668 | - |
| Change in cash | - | -€5,303 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00405855 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00427379 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PaoloPARRINELLO |
|
Owners and capital
Capital and shareholders
- PARRINELLO Paolo 100 shares (100%) · €1,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-09-2023 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
On 6 September 2023, MECY was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 PaoloPARRINELLO has served as administrateurnonstatutaire of the company since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
08-09
Gazette deed
IncorporationAppointment: PaoloPARRINELLO (administrateurnonstatutaire) · Permanent representative: PaoloPARRINELLO · Founder14 facts ▸
- Founder, PARRINELLO Paolo
- Incorporation, 06-09-2023
- Founding capital, €1,000
- Other provision, 03-09-2023
- Other provision, “avertissement responsabilité fondateurs en cas de faillite, capitaux propres de départ manifestement insuffisants pour mener l’activité projetée” (deed in French)
- Bank account, 1000, “compte spécial au nom de la société en formation” (deed in French)
- Other provision, “arrêté des statuts, B.-STATUTS” (deed in French)
- Capital
- Registered office clause, “4000Liège,Vinâved’Ile,15, dépôtaugreffed’expédition” (deed in French)
- Other provision, “siteinternetadressesélectronique, néant” (deed in French)
- Board rule, 1
- Director appointment, PaoloPARRINELLO (administrateurnonstatutaire)
- +2 further facts in this act
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62063A0976/00N000 | Wallonia | 211 m² | 1 · 99 m² | 13.2 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'exploitation de restaurants de type traditionnel et/ou rapide avec ou sans débit de boissons,services traiteurs avec ou sans livraison à…” (deed in French)
8 activities (deed in French)
- L'exploitation de restaurants de type traditionnel et/ou rapide avec ou sans débit de boissons,services traiteurs avec ou sans livraison à domicile et tout ce qui se rattache à l'HORECA ;
- Les activités de gestion dans le domaine de l'HORECA ;
- Vente en gros ou en détail de tous produits alimentaires,limonades,vins et alcools ;
- Organisation de réceptions et cocktails pour entreprises et particuliers ;
- Organisation de séminaires et petits déjeuners d'affaires ;
- Organisation de banquets ;
- Le commerce d'alimentation générale dans son sens le plus large ;
- La prestation de toutes natures en assistance commerciale et administrative fait également partie des activités possibles.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MECY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la société” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Indépendamment des frais de représentation,voyages et déplacements, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, usufruitier et nu-propriétaire inscrits séparément avec indication de leurs droits respectifs” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement au nombre d’actions, mêmes formalités si non actionnaires de plein droit” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, courrier électronique,ou par courrier ordinaire pour personnes sans adresse…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ASSEMBLEE GENERALE Article 15. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed