MGM FOOD

Active

Private limited companyfounded 2021active for 4 yearsLouizalaan 500, 1050 Elsene, Belgium180 active companies are registered at this addressKBO/BCE: BE 0778.358.979

Summary

The computed 12-month bankruptcy probability of MGM FOOD is at least 25% (high). For MGM FOOD, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€62,406) and a net result of -€21,839. Its solvency ranks better than 6% of 17,649 sector peers (NACE 56, financial year 2023). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

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MGM FOODActive

Risk analysis Report Compare

Activity

Limited-service restaurants, excluding mobile food services

NACE 56112

2 sites

Size

€66,749turnover 2023

Equity: -€62,406
Loss: -€21,839

Financial health

Bankruptcy probabilitywithin 12 months: ≥ 25%

2023 figures too old to score

Structure

Ahmed QUDAIHDirector
Muath ABUTEIRDirector

2024 accounts not filed, 451 days past the deadline4 of 9 deeds summarised

Signalsraises risk2 changes of registered office in 24 months2 financial years not filed after the legal deadline; last filed accounts filed 117 days late; 2 of the last 3 lateFigures for financial year 2023 (filed 25-11-2024)2 establishment unitsTwo or more financial years not filed2023 accounts filed 117 days lateShow the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: High

Filing: At least two filing cycles are missing

Financial strength, FY 2023 · tick = 2022

Weak

Solvency 0=

equity -236.0% of total assets

Liquidity 40+38

short-term debt 336.0% · cash 32.0%

Profitability 0=

return on assets -82.6%

Bankruptcy probability, 12 months

≥ 25% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,756 companies, NACE 56, micro)

Last 24 months 11-2024: 8.6% 12-2024: 7.2%▼ -1.4 percentage points vs 11-2024 01-2025: 7.4%▲ +0.2 percentage points vs 12-2024 02-2025: 7.4%● unchanged vs 01-2025 03-2025: 7.3%▼ -0.1 percentage points vs 02-2025 04-2025: 7.4%▲ +0.1 percentage points vs 03-2025 05-2025: 7.4%● unchanged vs 04-2025 06-2025: 7.1%▼ -0.3 percentage points vs 05-2025lowest value 07-2025: 7.2%▲ +0.1 percentage points vs 06-2025 08-2025: 8.2%▲ +1.0 percentage point vs 07-2025 09-2025: 8.7%▲ +0.5 percentage points vs 08-2025 10-2025: 9.6%▲ +0.9 percentage points vs 09-2025 11-2025: 14.7%▲ +5.1 percentage points vs 10-2025 12-2025: 16.4%▲ +1.7 percentage points vs 11-2025 01-2026: 19.1%▲ +2.7 percentage points vs 12-2025 02-2026: ≥ 25%▲ +6.2 percentage points vs 01-2026 03-2026: ≥ 25%● unchanged vs 02-2026 04-2026: 24.1%▼ -1.2 percentage points vs 03-2026 05-2026: 24.1%● unchanged vs 04-2026 06-2026: 23.8%▼ -0.3 percentage points vs 05-2026 07-2026: 23.8%● unchanged vs 06-2026 08-2026: ≥ 25%▲ +2.9 percentage points vs 07-2026highest value 09-2026: ≥ 25%● unchanged vs 08-2026highest value 10-2026: ≥ 25%● unchanged vs 09-2026highest value

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Signals

Six signals.

raises risk

2 changes of registered office in 24 months

Belgian Official Gazette

2 financial years not filed after the legal deadline; last filed accounts filed 117 days late; 2 of the last 3 late

NBB · filings

Figures for financial year 2023 (filed 25-11-2024)

NBB · annual accounts

2 establishment units

KBO · seat and establishments

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 2 filings

Position against the passed deadline

31-12-2024 year end31-07-2025 deadline25-10-2026 today

2023 accounts filed 117 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-11-2024, 117 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 2 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

117 days late

2022

61 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 89 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 (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

24-06-2026 Appointments: Muath ABUTEIR (director) and Ahmed…Share transfer · Shareholding
09-01-2026 Registered officeRegistered-office move · Power of…
10-10-2025 Registered officeRegistered-office move · Director in…

Key points

Risk: 2024 accounts not fileddeadline was 31-07-2025 451 days past the deadline View
Risk: Negative equityfinancial year 2023: debts exceed assets -€62,406 View
Caution: Among the weakest 6% on solvencysector median 28.0% · 17,649 companies -236.0% View
New directorslatest change 01-05-2026 · 2 in office 2 joined View

By topic

Financials

Financial year: 2023
Turnover: €66,749
Loss: -€21,839
Solvency: -236.0%

Go to Financials

Board & ownership

Board: 2 members

Ahmed QUDAIHDirector
Muath ABUTEIRDirector

Go to Board & ownership

Timeline

Events: 6
Since: 2023

25-11-2024Annual accounts filed
29-01-2024Resignation: HEMAMOU Saad (director)
30-09-2023Annual accounts filed

Go to Timeline

Company details

Sites: 2

Legal form: Private limited company
Activity: Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded: 07-12-2021
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 1

See the provisions in the deeds

Go to Articles of association

Key facts about MGM FOOD

What is the company number of MGM FOOD?: 0778.358.979. In Belgium the VAT number is the company number with BE in front: BE 0778.358.979.
Where is MGM FOOD based?: The registered office is at Louizalaan 500, 1050 Elsene.Company details
What does MGM FOOD do?: According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of MGM FOOD?: Private limited company (BV).
When was MGM FOOD founded?: On 07-12-2021.
Is MGM FOOD still active?: Yes, MGM FOOD is an active enterprise in the KBO register.
What is the turnover of MGM FOOD?: €66,749 in financial year 2023, according to the filed annual accounts.Financials
Is MGM FOOD profitable?: In financial year 2023, MGM FOOD made a loss of €21,839.
Where can I find the annual accounts of MGM FOOD?: MGM FOOD filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2023.