Age3 yrs
Real estate1 parcel · 160 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MNGAD is 9.6% (elevated). The 2023 annual accounts show negative equity (€-10k) and a net result of €-23k. Its solvency ranks better than 28% of 4791 sector peers (fiscal year 2023). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone9.6%
Elevated
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-23k
Working capital€-76k
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 30-10-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -10.6% | 16.7% | |
| Net result | €-23k | €2k | |
| Equity | €-10k | €11k | |
| Gross operating margin | €-3k | €42k | |
| Staff costs | €18k | €47k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-21k |
| Net profit | €-23k |
| Cash flow | €-21k |
| Staff costs | €18k |
| Income taxes | - |
| Dividends | - |
| Total assets | €90k |
| Equity | €-10k |
| Debt | €99k |
| of which ≤ 1y | €99k |
| of which > 1y | - |
| Working capital | €-76k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.23 |
| Quick ratio | 0.23 |
| Working capital ratio | -84.8% |
| Solvency | -10.6% |
| Debt / equity | -10.43 |
| Long-term debt ratio | - |
| Interest coverage | -40.41 |
| Gross margin | - |
| Net margin | - |
| ROA | -25.1% |
| ROE | 236.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €90k |
| Fixed assets | 21/28 | €67k |
| Tangible fixed assets | 22/27 | €67k |
| Current assets | 29/58 | €23k |
| Amounts receivable within one year | 40/41 | €10k |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €90k |
| Equity | 10/15 | €-10k |
| Contributions / capital | 10/11 | €13k |
| Accumulated profits (losses) | 14 | €-23k |
| Amounts payable | 17/49 | €99k |
| Amounts payable within one year | 42/48 | €99k |
| Trade debts payable within one year | 44 | €12k |
| Income statement | ||
| Gross operating margin | 9900 | €-3k |
| Operating result | 9901 | €-22k |
| Financial income | 75 | €2 |
| Financial charges | 65 | €516 |
| Result before taxes | 9903 | €-23k |
| Net result for the period | 9904 | €-23k |
| Result to be appropriated | 9905 | €-23k |
Ratios computed by Checked.
Health barometer
FY 2023 · computed10
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
1 directorFormer directors (1)
-
Former- → 29-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van eetgelegenheden met volledige bediening(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 03-04-2023 |
| Status | Active |
| Postal code | - |
Structure & network
Locations & real estate
Establishment units
1 locationMNGAD
since 20232.343.911.067
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area160 m²
Buildings1
Building footprint131 m²
Volume (LiDAR)1,231 m³
Tallest building10.7 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0915/00V014 | Flanders | 160 m² | 1 · 131 m² | 10.7 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts All acts · 2
updated 6 months ago
2026
10-02-2026 Muhammed SALKACI resigns as director
2023
05-04-2023 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes56
/ 100
Mixed profile: strong on profitability, weaker on health.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
10
Profitability
100
Solvency
33
Growth
-
Stability
79
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111
Primary activity highlighted.
Names & trade names
| Legal nameNL | MNGAD |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.