MFoods is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2021 annual accounts show equity of €66,786 and a net result of €14,215. Its solvency ranks better than 73% of 7,027 sector peers (NACE 64, financial year 2021). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Signalsraises risk2021 accounts filed 29 days lateShow the evidence
Checked score
Outside the general model
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-08-2022, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
This company filed its 2021 accounts 29 days after the deadline; the sector median (NACE 64) for financial year 2021 is 11 days before the deadline, and 32% of those companies filed late.
0662.604.129. In Belgium the VAT number is the company number with BE in front: BE 0662.604.129.
Where is MFoods based?
The registered office is at Loenhoutseweg 93, 2320 Hoogstraten.Company details
What does MFoods do?
According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of MFoods?
Limited partnership (Comm.V).
When was MFoods founded?
On 15-09-2016.
Is MFoods still active?
Yes, MFoods is an active enterprise in the KBO register.
What is the turnover of MFoods?
≈ €130,000 in financial year 2021. Estimated from the gross margin of €31,619: probably between €76,000 and €230,000, based on 2,949 comparable companies of the same size. A rough estimate.Financials
Is MFoods profitable?
In financial year 2021, MFoods made a profit of €14,215.
Where can I find the annual accounts of MFoods?
MFoods filed 1 annual account with the National Bank of Belgium, for financial year 2021.Annual accounts 2021 (PDF)