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MSTRL

Active
Private limited companyfounded 20251 yr activeRue de Namur 60, 5600 Philippeville, BelgiumKBO/BCE: BE 1025.115.497
Summary

The computed 12-month bankruptcy probability of MSTRL is 2.9% (moderate). The 2025 annual accounts show equity of €13,030 and a net result of €10,030. Its solvency ranks better than 29% of 13560 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability74
Solvency30
Growth-
Track record67
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.33; short-term debt: 95.1% and cash: 21.3% of total assets), and 95.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
4.9%
Return on assets
3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
17 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MSTRL was incorporated on 3 July 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€13,030
Total assets
€263,286
Net result
€10,030
Working capital
-€166,918

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €263,286
Fixed assets €179,948
Current assets €83,338
Equity and liabilities €263,286
Equity €13,030
Debt €250,256
Debt finances 95.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€23,649
Cash flow
€19,695
Current ratio
0.33
Quick ratio
0.27
Debt to equity
19.21
ROE
77.0%
ROA
3.8%
Interest coverage
26.25
Debt ≤ 1 year
€250,256
Income taxes
€3,054
Staff costs
€68,706

Peer companies

Historical observation

Of the 514 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.6% went bankrupt
1.2% stopped otherwise
97% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€263,286
Fixed assets21/28€179,948
Intangible fixed assets21€9,500
Tangible fixed assets22/27€169,921
Furniture and vehicles24€167,307
Other tangible fixed assets26€2,614
Financial fixed assets28€527
Current assets29/58€83,338
Stocks and contracts in progress3€14,825
Stocks30/36€14,825
Amounts receivable within one year40/41€9,982
Trade receivables40€9,982
Cash at bank and in hand54/58€56,181
Deferred charges and accrued income490/1€2,351
Equity and liabilities
Total equity and liabilities10/49€263,286
Equity10/15€13,030
Contributions10/11€3,000
Profit (loss) carried forward14€10,030
Amounts payable17/49€250,256
Amounts payable within one year42/48€250,256
Trade debts44€7,953
Suppliers440/4€7,953
Taxes, remuneration and social security45€45,188
Taxes450/3€30,777
Remuneration and social security454/9€14,411
Other amounts payable47/48€197,115
Income statement Code2025
Remuneration, social security and pensions62€68,706
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,665
Other operating charges640/8€2,490
Gross operating margin9900€94,846
Operating profit (loss)9901€13,984
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€901
Recurring financial charges65€901
Profit (loss) for the period before taxes9903€13,084
Income taxes67/77€3,054
Profit (loss) for the period9904€10,030
Profit (loss) for the period to be appropriated9905€10,030
Appropriation of the result
Profit (loss) to be appropriated9906€10,030

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€68,706
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,665
Other operating charges640/8€2,490
Gross operating margin9900€94,846
Operating profit (loss)9901€13,984
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€901
Recurring financial charges65€901
Profit (loss) for the period before taxes9903€13,084
Income taxes67/77€3,054
Profit (loss) for the period9904€10,030
Profit (loss) for the period to be appropriated9905€10,030
Line2025
Assets
Total assets20/58€263,286
Fixed assets21/28€179,948
Intangible fixed assets21€9,500
Tangible fixed assets22/27€169,921
Furniture and vehicles24€167,307
Other tangible fixed assets26€2,614
Financial fixed assets28€527
Current assets29/58€83,338
Stocks and contracts in progress3€14,825
Stocks30/36€14,825
Amounts receivable within one year40/41€9,982
Trade receivables40€9,982
Cash at bank and in hand54/58€56,181
Deferred charges and accrued income490/1€2,351
Equity and liabilities
Total equity and liabilities10/49€263,286
Equity10/15€13,030
Contributions10/11€3,000
Profit (loss) carried forward14€10,030
Amounts payable17/49€250,256
Amounts payable within one year42/48€250,256
Trade debts44€7,953
Suppliers440/4€7,953
Taxes, remuneration and social security45€45,188
Taxes450/3€30,777
Remuneration and social security454/9€14,411
Other amounts payable47/48€197,115
Line2025
Profit (loss) for the period9904€10,030
+ Depreciation and write-downs630€9,665
Operating cash flow (approximation)€19,695

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
17-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Philippeville · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
803 m²
Building footprint
196 m²
Parcel 93056D0119/00F022, Wallonia. Linked by address, not a title deed.
1 establishment unit
RSTAURANT LE MISTRAL
Rue de Namur 60, 5600 PhilippevilleFull-service restaurants
since 20252.375.340.552
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
93056D0119/00F022 Wallonia 803 m² 1 · 196 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Philippeville2.375.340.552
1 permission
Toelating · Eetgelegenheid · since 15-07-2025

Legal Entity Identifier

64882CG6Z03SMH97D251
live in the LEI register

Similar companies · same sector, comparable size

Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 7,816 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-07-2025
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
10850Manufacture of food products
Contact
E-mail streelmaxime@hotmail.fr
Phone +32494396314
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025115497
Registered 23-08-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.