Equity
€22,908 from €496,045 in 2020
Equity fell by 95% in 5 years.
MFR Team
Lifetime
9 annual accounts with figures on one time axispeak €1.1m (2020)
€649,255▲ 6.0%
lowest -€22,075 (2017)
€104,926▲ 28.1%
peak €496,045 (2020)
€22,908▼ 43.6%
€569,761▼ 34.5%
peak 51.2 FTE (2025)
51.2 FTE▲ 54.2%
Board8 names since 2016
2 directors and 1 other
Owners
Documentsfilings and deeds
01-07-202630 days before the deadline
2025abbreviated format
Result from €81,902 to €104,926Staff from 33.2 FTE to 51.2 FTEDividend €104,926Equity from €40,635 to €22,908Debts from €869,941 to €569,761Cash from €329,616 to €153,718
Key points
from the 2025 annual accountsTurnover
≈ €6.2m estimated
The accounts state no turnover.
Debts
€569,761 96% of the balance sheet
Financial debts 1%Suppliers 61%Taxes and wages 5%Other 33%
€146,703 of the debts are secured on the company's own assets. In 2021 that was €368,648.
Staff
79 employees on 31-12-2025
In 2025, 148 people joined and 74 left.
Filings
9 annual accounts 1 late
The 2023 accounts came 29 days late. The other eight were filed on time.
Position in the sector
3.9%
Lower solvency than 86% of companies in retail trade. Sector median 36.9% · 13,234 companies.
Staff (FTE) +54%: other schema
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 167 companies had the same profile as MFR Team has now. Each dot is one company, two years later.
97.0%
were still trading
1.8%
stopped another way
1.2%
went bankrupt
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 167 companies, not a prediction for MFR Team. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 20-06-2023
Director, since 20-06-2023
- 1,000 sharesdeed of 28-10-2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0664984191
2 directors appointed, 1 resignation
Resignation: (sole director) · Appointments: and · Permanent representative: · General meeting of 20-06-2023 · Gazette deed
Resignation: (director)
Director discharge: · General meeting of 01-08-2021 · Gazette deed
2 directors appointed, 1 resignation
Resignation: · Appointments: and · Permanent representative: · General meeting of 25-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MFR Team Etterbeek | €0.6m | €0.6m | 3.9% | 51.2 |
| FABRIQUES RETAIL Brussels | €0.5m | €0.7m | 4.2% | 30.1 |
| BIO FAGNES Etterbeek | €0.9m | €1.7m | -133.6% | 40.2 |
| PFT Distribution Etterbeek | €1.2m | €0.8m | 8.8% | 92.6 |
| FMI BRUUL Haaltert | €1.0m | €0.8m | 16.5% | 30.4 |
| COLRUYT CASH AND CARRY Halle | €0.7m | €1.3m | 16.2% | 25.8 |
| PEETERS-GOVERS EXPO Lille | €1.1m | €1.0m | 1.9% | 25.6 |
These companies have the same main activity as MFR Team: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €491,000 and €1.2m, founded between 2012 and 2020.
Official details
Source: KBO- Status
- Active since 26-10-2016Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2023
- Establishment unit
- 2.257.738.3461040 Etterbeek, since 01-02-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 04-10-2025
Annual accounts 2025
- €592,669▼ 34.9%
- Employeeson 31-12-2025
- 79▲ 394%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on MFR Team
MFR Team files the abbreviated format. That format states no turnover. The gross margin rose from €489,583 in 2017 to €649,255 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MFR Team
- What is the company number of MFR Team?
- The company number of MFR Team is 0664.984.191. The VAT number is the same number with BE in front: BE 0664.984.191.
- Where is MFR Team based?
- The registered office is at Grote Haagstraat 20/22, 1040 Etterbeek.Company details
- What does MFR Team do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of MFR Team?
- MFR Team is a private limited company (BV).
- When was MFR Team founded?
- MFR Team was founded on 26-10-2016.
- Is MFR Team still active?
- Yes, MFR Team is an active enterprise in the KBO register.
- How many employees does MFR Team have?
- MFR Team had an average of 51.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MFR Team fall under?
- In its 2023 annual accounts, MFR Team states joint committee 201 (Independent retail).
- What is the turnover of MFR Team?
- The turnover in financial year 2025 is ≈ €6.2m. This figure is estimated from the gross margin of €649,255 and 42 comparable companies (NACE 47110). It probably lies between €5.2m and €8.3m.
- Is MFR Team profitable?
- In financial year 2025, MFR Team made a profit of €104,926.
- Where can I find the annual accounts of MFR Team?
- MFR Team filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MFR Team due?
- MFR Team must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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