Equity
€198,881 ▲ 0.2%
MET paid out €83,824 in dividends. That is 99% of the 2025 profit.
MET
Lifetime
7 annual accounts with figures on one time axispeak €466,005 (2025)
€466,005▲ 26.7%
lowest -€18,409 (2020)
€84,296▲ 201%
peak €264,559 (2023)
€198,881▲ 0.2%
€582,260▲ 17.3%
peak 2.2 FTE (2020)
-not published
Board3 names since 2018
1 directorTecel Ulutürk
Owners
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €367,665 to €466,005Result from €27,967 to €84,296Dividend €83,824Debts from €496,410 to €582,260Investments €62,512Cash from €132,721 to €193,797
Key points
from the 2025 annual accountsResult
€84,296 ▲ 201%
The result rose in 2025 from €27,967 to €84,296.
Debts
€582,260 75% of the balance sheet
Financial debts 70%Suppliers 9%Taxes and wages 6%Other 15%
Of this, €171,002 falls due within a year.
Investments
€62,512 2.1 × depreciation
Green is investment, beige is depreciation.
Staff
5 employees on 31-12-2025
In 2025, 36 people joined and 37 left.
Filings
7 annual accounts 6 late
The 2021 accounts came latest: 29 days after the end of the period.
Checked score
89
Excellent
Financially stronger than 58% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.5%▼ -0.4 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%▼ -0.2 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Size: total assets €781,141
Figures for financial year 2025 (filed on 22-06-2026)
Liquidity: current ratio 1.44, cash €193,797
Calculation
The band follows from the bankruptcy probability. 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). It does better than 46% of them on solvency, 77% on liquidity, 67% on profitability and 42% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as MET has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MET itself is lower: 0.2% within 12 months. It rests on far more data about MET than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 companies, not a prediction for MET. 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
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (2.37 in 2024), below the usual 1.5. Short-term debt is 21.9% and cash 24.8% of total assets. 74.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
39 days early
2024
5 days late
2023
20 days late
2022
21 days late
2021
29 days late
2020
18 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0693936515
Company renamed from MLT Cook's to MET
Resignations: Tecel Ulutürk (director) and Stefaan Maene (director) · Reappointment: Tecel Ulutürk (director) · “De exploitatie van spijshuis en drankgelegenheid met bijkomende verkoop van tabak, sigaretten, zichtkaarten…” (deed in Dutch) · General meeting of 15-11-2023 · Gazette deed
Appointment: Maene Stefaan (director)
General meeting of 03-04-2023 · Gazette deed
Resignation: Lunter Jeroen (director)
Director discharge: Lunter Jeroen · General meeting of 15-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MET Bruges | €781,141 | €466,005 | 25.5% | - |
| AMELIA Ostend | €768,895 | €513,877 | 8.0% | - |
| RESTARIC Bredene | €850,308 | €518,461 | 60.6% | 10.9 |
| DE PIETER Izegem | €672,775 | €506,810 | 79.2% | - |
| DE LEKPOT LOPPEM Zedelgem | €873,460 | €490,594 | 28.7% | 6.6 |
| Bar'z FOOD & DRINKS Aalter | €739,166 | €489,279 | 80.7% | 6.2 |
| DDEE Ghent | €736,419 | €429,172 | 48.4% | - |
These companies have the same main activity as MET: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €673,000 and €873,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 05-04-2018Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.274.795.8948000 Bruges, since 05-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €1.1mestimated
- €781,141▲ 12.4%
- Employeeson 31-12-2025
- 5▼ 16.7%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on MET
MET files the micro format. That format states no turnover. The gross margin rose from €158,555 in 2019 to €466,005 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
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 MET
- What is the company number of MET?
- The company number of MET is 0693.936.515. The VAT number is the same number with BE in front: BE 0693.936.515.
- Where is MET based?
- The registered office is at Walstraat 11, 8000 Bruges.Company details
- What does MET do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of MET?
- MET is a private limited company (BV).
- When was MET founded?
- MET was founded on 05-04-2018.
- Is MET still active?
- Yes, MET is an active enterprise in the KBO register.
- How many employees does MET have?
- MET had an average of 7.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MET fall under?
- In its 2025 annual accounts, MET states joint committee 302 (Hotels and catering).
- What is the turnover of MET?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €466,005 and 41 comparable companies (NACE 56111). It probably lies between €960,000 and €1.3m.
- Is MET profitable?
- In financial year 2025, MET made a profit of €84,296.
- Where can I find the annual accounts of MET?
- MET filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MET due?
- MET must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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