MERSIN
ActiveSummary
The computed 12-month bankruptcy probability of MERSIN is 2.7% (moderate). The 2025 annual accounts show negative equity (-€16,370) and a net result of -€6,258. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 13604 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.44 in 2024; short-term debt: 228.8% and cash: 7% of total assets), and equity is negative.
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Signals
Five 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 →
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
-128.8%
Return on assets
-49.2%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€16,370
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-12-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
85 d early
2023
19 d early
2022
69 d early
2021
63 d early
2020
16 d early
2019
67 d early
← 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 50 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€252,839
EBIT margin
13.1%
Net result
-€6,258▲ 61.0%
2024 · -€16,055
Working capital
-€20,952▼ 29.5%
2024 · -€16,174
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
Turnover€252,839
Operating result€11,888▼ 49.9%€33,236▲ 180%-€17,909-€15,022▲ 16.1%-€5,833▲ 61.2%
Net result€11,440within the sector's middle half▼ 50.9%€26,085above the sector's middle half▲ 128%-€19,724below the sector's middle half-€16,055below the sector's middle half▲ 18.6%-€6,258below the sector's middle half▲ 61.0%
EBIT margin13.1%
Equity-€418within the sector's middle half▲ 96.5%€25,668within the sector's middle half€5,943within the sector's middle half▼ 76.8%-€10,112below the sector's middle half-€16,370below the sector's middle half▼ 61.9%
Total assets€21,446below the sector's middle half▼ 13.9%€39,138below the sector's middle half▲ 82.5%€30,352below the sector's middle half▼ 22.4%€18,923below the sector's middle half▼ 37.7%€12,709below the sector's middle half▼ 32.8%
Debt€21,864▼ 40.5%€13,471▼ 38.4%€24,409▲ 81.2%€29,035▲ 19.0%€29,079▲ 0.2%
Working capital-€4,871within the sector's middle half▲ 68.4%€12,770within the sector's middle half-€3,152within the sector's middle half-€16,174within the sector's middle half▼ 413%-€20,952within the sector's middle half▼ 29.5%
Solvency-1.9%below the sector's middle half▲ 45.7pp65.6%above the sector's middle half▲ 67.5pp19.6%within the sector's middle half▼ 46.0pp-53.4%below the sector's middle half▼ 73.0pp-128.8%below the sector's middle half▼ 75.4pp
Current ratio0.78within the sector's middle half▲ 0.221.95within the sector's middle half▲ 1.170.87within the sector's middle half▼ 1.080.44below the sector's middle half▼ 0.430.28below the sector's middle half▼ 0.16
Return on assets (ROA)53.3%above the sector's middle half▼ 40.3pp66.6%above the sector's middle half▲ 13.3pp-65.0%below the sector's middle half▼ 131.6pp-84.8%below the sector's middle half▼ 19.9pp-49.2%below the sector's middle half▲ 35.6pp
Staff (FTE)1▼ 28.6%1=1=1.1
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 stays negative: a loss of €5,833 in 2025 against €15,022 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,709
Fixed assets
€4,582 ▼ 24.4%
Current assets
€8,127 ▼ 36.8%
Key figures and ratios
EBITDA
-€4,378▲
2024 · -€11,763
Cash flow
-€4,803▲
2024 · -€12,797
Quick ratio
0.08▼
2024 · 0.20
Debt to equity
-1.78▲
2024 · -2.87
Interest coverage
-12.19▲
2024 · -14.50
Debt ≤ 1 year
€29,079▲
2024 · €29,035
Income taxes
€66▼
2024 · €246
Staff costs
€53,730▲
2024 · €47,749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €252,839 | - | - | - | - |
| Non-recurring operating income76A | - | €2,500 | - | - | €1,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €191,532 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €44,025 | €49,370 | €47,749 | €53,730 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,316 | €3,802 | €3,259 | €1,455 | ▼ 55.3% |
| Other operating charges640/8 | - | €3,567 | €2,194 | €3,183 | €2,216 | ▼ 30.4% |
| Gross operating margin9900 | €35,313 | €84,144 | €37,457 | €39,169 | €51,568 | ▲ 31.7% |
| Operating profit (loss)9901 | €11,888 | €33,236 | -€17,909 | -€15,022 | -€5,833 | ▲ 61.2% |
| Financial income75/76B | - | - | €30 | €24 | €0 | ▼ 98.8% |
| Recurring financial income75 | - | - | €30 | €24 | €0 | ▼ 98.8% |
| Financial charges65/66B | - | €351 | €1,538 | €811 | €359 | ▼ 55.7% |
| Recurring financial charges65 | €222 | €351 | €1,538 | €811 | €359 | ▼ 55.7% |
| Profit (loss) for the period before taxes9903 | €11,666 | €32,885 | -€19,416 | -€15,809 | -€6,192 | ▲ 60.8% |
| Income taxes67/77 | €226 | €6,800 | €308 | €246 | €66 | ▼ 73.2% |
| Profit (loss) for the period9904 | €11,440 | €26,085 | -€19,724 | -€16,055 | -€6,258 | ▲ 61.0% |
| Profit (loss) for the period to be appropriated9905 | €11,440 | €26,085 | -€19,724 | -€16,055 | -€6,258 | ▲ 61.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,446 | €39,138 | €30,352 | €18,923 | €12,709 | ▼ 32.8% |
| Fixed assets21/28 | €4,453 | €12,898 | €9,096 | €6,062 | €4,582 | ▼ 24.4% |
| Tangible fixed assets22/27 | €1,867 | €10,311 | €6,509 | €3,250 | €1,795 | ▼ 44.8% |
| Plant, machinery and equipment23 | - | €10,311 | €6,509 | €3,250 | €1,795 | ▼ 44.8% |
| Financial fixed assets28 | €2,587 | €2,587 | €2,587 | €2,812 | €2,787 | ▼ 0.9% |
| Current assets29/58 | €16,993 | €26,240 | €21,257 | €12,861 | €8,127 | ▼ 36.8% |
| Stocks and contracts in progress3 | €9,758 | €6,500 | €6,795 | €7,193 | €5,810 | ▼ 19.2% |
| Stocks30/36 | - | €6,500 | €6,795 | €6,795 | €5,810 | ▼ 14.5% |
| Contracts in progress37 | - | - | - | €398 | - | - |
| Amounts receivable within one year40/41 | €1,682 | €1,031 | €3,206 | €2,200 | €1,432 | ▼ 34.9% |
| Trade receivables40 | - | - | - | €628 | €170 | ▼ 72.9% |
| Other amounts receivable41 | - | €1,031 | €3,206 | €1,572 | €1,262 | ▼ 19.7% |
| Cash at bank and in hand54/58 | €5,553 | €18,709 | €9,668 | €3,468 | €885 | ▼ 74.5% |
| Deferred charges and accrued income490/1 | - | - | €1,588 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,446 | €39,138 | €30,352 | €18,923 | €12,709 | ▼ 32.8% |
| Equity10/15 | -€418 | €25,668 | €5,943 | -€10,112 | -€16,370 | ▼ 61.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €7,068 | €7,068 | €7,068 | €7,068 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €5,208 | €5,208 | €7,068 | €7,068 | = |
| Profit (loss) carried forward14 | -€20,878 | - | -€19,724 | -€35,780 | -€42,038 | ▼ 17.5% |
| Amounts payable17/49 | €21,864 | €13,471 | €24,409 | €29,035 | €29,079 | ▲ 0.2% |
| Amounts payable within one year42/48 | €21,864 | €13,471 | €24,409 | €29,035 | €29,079 | ▲ 0.2% |
| Trade debts44 | €2,560 | €695 | €361 | - | €3,873 | - |
| Suppliers440/4 | - | €695 | €361 | - | €3,873 | - |
| Taxes, remuneration and social security45 | - | €12,776 | €10,541 | €7,585 | €12,989 | ▲ 71.2% |
| Taxes450/3 | - | €9,723 | €4,878 | €2,481 | €4,867 | ▲ 96.2% |
| Remuneration and social security454/9 | - | €3,053 | €5,663 | €5,104 | €8,122 | ▲ 59.1% |
| Other amounts payable47/48 | - | - | €13,507 | €21,450 | €12,217 | ▼ 43.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,440 | €26,085 | -€19,724 | -€16,055 | -€6,258 | ▲ 61.0% |
| + Depreciation and write-downs630 | - | €3,316 | €3,802 | €3,259 | €1,455 | ▼ 55.3% |
| Operating cash flow (approximation) | €11,440 | €29,402 | -€15,922 | -€12,797 | -€4,803 | ▲ 62.5% |
| Investment in fixed assets (approximation) | - | -€11,761 | €0 | -€225 | €25 | ▲ 111% |
| Change in cash | - | €13,156 | -€9,041 | -€6,200 | -€2,583 | ▲ 58.3% |
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
2025
28-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€19,724
Net result drops to -€19,724, the lowest in the series; recovery starts the following year.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €26,085 ▲128%
Operating result €33,236, net result €26,085, both a record.
30-06
Financial
Liquidity triplescurrent ratio 1.95
Current ratio from 0.78 to 1.95; short-term debt falls from €21,864 to €13,471.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €23,319
Net result €23,319 after one loss-making year.
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2004
Ground area
68 m²
Building footprint
64 m²
Volume, LiDAR
838 m³
Parcel 11805E1287/00H002, Flanders · tallest building 14.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SELECT
since 20042.136.080.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E1287/00H002 | Flanders | 68 m² | 1 · 64 m² | 14.0 m · 5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.136.080.748
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Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. 2,989 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
Founded19-02-2004
Fiscal year end30-06
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863550616
Also
9925:BE0863550616
Registered
12-10-2025
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.