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MI-LENN

Active
Private limited companyfounded 1984active for 41 yearsBrugsesteenweg 210, 9000 Gent, BelgiumKBO/BCE: BE 0426.517.215
Summary

The computed 12-month bankruptcy probability of MI-LENN is 3.7% (moderate). The 2024 annual accounts show negative equity (-€82,169) and a net result of -€38,622. Equity is shrinking by about 41% per year across the filed financial years. Its solvency ranks better than 14% of 2,960 sector peers (NACE 56, financial year 2024). The company has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Limited-service restaurants, excluding mobile food services
NACE 56112
2 sites
Size
€565,319total assets 2024
Staff
3.6 FTE
Equity
-€82,169
Loss
-€38,622
Turnover not published (abbreviated or micro format)
Financial health
47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.7%
Structure
Parent
GROUP UCS · 100%
Accounts 70 days overdue0 of 5 deeds read
Why 47raises riskSector: Food and beverage service activities (NACE 56)Negative equity -€82,1691 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 latelowers riskFounded in 1984Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency 10-4
equity -14.5% of total assets
Liquidity 11+4
short-term debt 114.3% · cash 8.7%
Profitability 10+10
return on assets -6.8%
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,704 companies, NACE 56, micro)
Last 24 months 11-2024: 10.5%highest value 12-2024: 10.5%● unchanged vs 11-2024highest value 01-2025: 10.5%● unchanged vs 12-2024 02-2025: 10.5%● unchanged vs 01-2025 03-2025: 10.4%▼ -0.1 percentage points vs 02-2025 04-2025: 10.4%● unchanged vs 03-2025 05-2025: 10.0%▼ -0.4 percentage points vs 04-2025 06-2025: 9.8%▼ -0.2 percentage points vs 05-2025 07-2025: 10.1%▲ +0.3 percentage points vs 06-2025 08-2025: 9.2%▼ -0.9 percentage points vs 07-2025 09-2025: 8.7%▼ -0.5 percentage points vs 08-2025 10-2025: 6.8%▼ -1.9 percentage points vs 09-2025 11-2025: 3.8%▼ -3.0 percentage points vs 10-2025 12-2025: 3.8%● unchanged vs 11-2025 01-2026: 3.8%● unchanged vs 12-2025 02-2026: 3.8%● unchanged vs 01-2026 03-2026: 3.7%▼ -0.1 percentage points vs 02-2026 04-2026: 3.8%▲ +0.1 percentage points vs 03-2026 05-2026: 3.8%● unchanged vs 04-2026 06-2026: 3.7%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 3.8%▲ +0.1 percentage points vs 06-2026 08-2026: 4.4%▲ +0.6 percentage points vs 07-2026 09-2026: 4.3%▼ -0.1 percentage points vs 08-2026 10-2026: 3.7%▼ -0.6 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.11, compared with 0.07 in 2023; short-term debt: 114.3% and cash: 8.7% of total assets), and equity is negative.
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 21% on solvency, 10% on liquidity, 21% on profitability and 9% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1984
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Negative equity -€82,169
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 late
NBB · filings
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€82,169
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
70 days late
2023
61 days late
2022
71 days late
2021
1 day early
2020
31 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 23 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Weakest financial yearnet -€66,972

Key points

  • Risk: Negative equityfinancial year 2024: debts exceed assets -€82,169 View
  • Risk: 3 loss-making years in a rowloss financial year 2024 -€38,622 View
  • Caution: Among the weakest 10% on equitysector median €137,886 · 2,961 companies -€82,169 View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Controlled by GROUP UCS 100% View

By topic

Financials

Financial year
2024
Total assets
€565,319
Loss
-€38,622
Solvency
-14.5%
Total assets▲ 45.7%
Net result
20182024
Go to Financials

Timeline

Events
39
Since
1990
  1. 10-10-2023Annual accounts filed
  2. 30-07-2022Annual accounts filed
  3. 31-12-2021Highest result from 2018 to 2024
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded
13-12-1984
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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