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MUNCK

Active
Private limited companyfounded 20233 yrs activeKwakkelstraat(KEM) 69, 9190 Stekene, BelgiumKBO/BCE: BE 0803.822.964
Summary

The computed 12-month bankruptcy probability of MUNCK is 10.2% (high). The 2025 annual accounts show negative equity (-€205,680) and a net result of -€79,784. Its solvency ranks better than 8% of 13874 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58
Track record94
Bankruptcy probability, 12 months
10.2% High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.26 in 2024; short-term debt: 117.8% and cash: 0% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-175.9%
Return on assets
-68.2%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€205,680
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
32 d early
2024
31 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
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

On 11 July 2023, MUNCK was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest 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
-€205,680▼ 63.4%
2024 · -€125,896
Total assets
€116,946▼ 17.8%
2024 · €142,235
Net result
-€79,784▲ 39.0%
2024 · -€130,896
Working capital
-€112,862▼ 32.7%
2024 · -€85,074
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€121,870--€73,410▲ 39.8%
Net result-€130,896below the sector's middle half--€79,784below the sector's middle half▲ 39.0%
Equity-€125,896below the sector's middle half--€205,680below the sector's middle half▼ 63.4%
Total assets€142,235within the sector's middle half-€116,946within the sector's middle half▼ 17.8%
Debt€268,131-€322,626▲ 20.3%
Working capital-€85,074below the sector's middle half--€112,862below the sector's middle half▼ 32.7%
Solvency-88.5%below the sector's middle half--175.9%below the sector's middle half▼ 87.4pp
Current ratio0.26below the sector's middle half-0.18below the sector's middle half▼ 0.08
Return on assets (ROA)-92.0%below the sector's middle half--68.2%below the sector's middle half▲ 23.8pp
Staff (FTE)24.1-16.1▼ 33.2%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2024: -€121,870-€121,870Net result 2024: -€130,896-€130,896Operating result 2025: -€73,410-€73,410Net result 2025: -€79,784-€79,78420242025-€150,000-€100,000-€50,000€0Operating result 2024: -€121,870-€122,000Net result 2024: -€130,896-€131,000Operating result 2025: -€73,410-€73,400Net result 2025: -€79,784-€79,80020242025
The operating result stays negative: a loss of €73,410 in 2025 against €121,870 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,946
Fixed assets €91,992 ▼ 18.1%
Current assets €24,953 ▼ 16.7%
Equity and liabilities
Equity-€205,680
Debt€322,626
Equity is negative: debt (€322,626) exceeds the balance-sheet total (€116,946).
Key figures and ratios
2025 value · change against 2024
EBITDA
-€51,281▲
2024 · -€99,791
Cash flow
-€57,655▲
2024 · -€108,818
Quick ratio
0.08▲
2024 · 0.05
Interest coverage
-8.44▲
2024 · -10.96
Debt ≤ 1 year
€137,815▲
2024 · €115,034
Debt > 1 year
€179,510▲
2024 · €77,842
Income taxes
€325
Staff costs
€279,114▼
2024 · €555,446
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 490 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 89% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
6.7% went bankrupt
3.9% stopped otherwise
89% 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: 10.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 490 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 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€142,235€116,946▼
Fixed assets21/28€112,275€91,992▼
Intangible fixed assets21€988€732▼
Tangible fixed assets22/27€104,087€84,061▼
Land and buildings22€34,852€32,810▼
Plant, machinery and equipment23€42,393€30,955▼
Furniture and vehicles24€26,843€20,296▼
Financial fixed assets28€7,200€7,200=
Current assets29/58€29,959€24,953▼
Stocks and contracts in progress3€24,410€14,190▼
Stocks30/36€24,410€14,190▼
Amounts receivable within one year40/41€3,408€10,762▲
Trade receivables40€3,408€10,762▲
Cash at bank and in hand54/58€2,141€1▼
Equity and liabilities
Total equity and liabilities10/49€142,235€116,946▼
Equity10/15-€125,896-€205,680▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€130,896-€210,680▼
Amounts payable17/49€268,131€322,626▲
Amounts payable after more than one year17€77,842€179,510▲
Financial debts170/4€41,655€30,094▼
Other amounts payable178/9€36,188€149,416▲
Amounts payable within one year42/48€115,034€137,815▲
Current portion of amounts payable after more than one year42€11,045€19,106▲
Financial debts43-€6,379
Credit institutions430/8-€6,379
Trade debts44€716€25,817▲
Suppliers440/4€716€25,817▲
Taxes, remuneration and social security45€44,832€37,692▼
Taxes450/3€20,514€16,735▼
Remuneration and social security454/9€24,319€20,957▼
Other amounts payable47/48€58,440€48,821▼
Accrued charges and deferred income492/3€75,255€5,301▼
Income statement Code20242025
Remuneration, social security and pensions62€555,446€279,114▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,079€22,129▲
Other operating charges640/8€1,990€2,750▲
Gross operating margin9900€457,645€230,582▼
Operating profit (loss)9901-€121,870-€73,410▲
Financial income75/76B€81€30▼
Recurring financial income75€81€30▼
Financial charges65/66B€9,107€6,079▼
Recurring financial charges65€9,107€6,079▼
Profit (loss) for the period before taxes9903-€130,896-€79,459▲
Income taxes67/77-€325
Profit (loss) for the period9904-€130,896-€79,784▲
Profit (loss) for the period to be appropriated9905-€130,896-€79,784▲
Appropriation of the result
Profit (loss) to be appropriated9906-€130,896-€210,680▼
Profit (loss) brought forward from the previous period14P--€130,896

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€555,446€279,114▼ 49.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,079€22,129▲ 0.2%
Other operating charges640/8€1,990€2,750▲ 38.2%
Gross operating margin9900€457,645€230,582▼ 49.6%
Operating profit (loss)9901-€121,870-€73,410▲ 39.8%
Financial income75/76B€81€30▼ 62.8%
Recurring financial income75€81€30▼ 62.8%
Financial charges65/66B€9,107€6,079▼ 33.3%
Recurring financial charges65€9,107€6,079▼ 33.3%
Profit (loss) for the period before taxes9903-€130,896-€79,459▲ 39.3%
Income taxes67/77-€325-
Profit (loss) for the period9904-€130,896-€79,784▲ 39.0%
Profit (loss) for the period to be appropriated9905-€130,896-€79,784▲ 39.0%
Line20242025Change
Assets
Total assets20/58€142,235€116,946▼ 17.8%
Fixed assets21/28€112,275€91,992▼ 18.1%
Intangible fixed assets21€988€732▼ 25.9%
Tangible fixed assets22/27€104,087€84,061▼ 19.2%
Land and buildings22€34,852€32,810▼ 5.9%
Plant, machinery and equipment23€42,393€30,955▼ 27.0%
Furniture and vehicles24€26,843€20,296▼ 24.4%
Financial fixed assets28€7,200€7,200=
Current assets29/58€29,959€24,953▼ 16.7%
Stocks and contracts in progress3€24,410€14,190▼ 41.9%
Stocks30/36€24,410€14,190▼ 41.9%
Amounts receivable within one year40/41€3,408€10,762▲ 216%
Trade receivables40€3,408€10,762▲ 216%
Cash at bank and in hand54/58€2,141€1▼ 99.9%
Equity and liabilities
Total equity and liabilities10/49€142,235€116,946▼ 17.8%
Equity10/15-€125,896-€205,680▼ 63.4%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€130,896-€210,680▼ 61.0%
Amounts payable17/49€268,131€322,626▲ 20.3%
Amounts payable after more than one year17€77,842€179,510▲ 131%
Financial debts170/4€41,655€30,094▼ 27.8%
Other amounts payable178/9€36,188€149,416▲ 313%
Amounts payable within one year42/48€115,034€137,815▲ 19.8%
Current portion of amounts payable after more than one year42€11,045€19,106▲ 73.0%
Financial debts43-€6,379-
Credit institutions430/8-€6,379-
Trade debts44€716€25,817▲ 3,508%
Suppliers440/4€716€25,817▲ 3,508%
Taxes, remuneration and social security45€44,832€37,692▼ 15.9%
Taxes450/3€20,514€16,735▼ 18.4%
Remuneration and social security454/9€24,319€20,957▼ 13.8%
Other amounts payable47/48€58,440€48,821▼ 16.5%
Accrued charges and deferred income492/3€75,255€5,301▼ 93.0%
Line20242025Change
Profit (loss) for the period9904-€130,896-€79,784▲ 39.0%
+ Depreciation and write-downs630€22,079€22,129▲ 0.2%
Operating cash flow (approximation)-€108,818-€57,655▲ 47.0%
Investment in fixed assets (approximation)--€1,846-
Change in cash--€2,140-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Stekene · 2 establishment units since 2023
seat establishment All 2 establishment units on the map
Ground area
1,654 m²
Building footprint
376 m²
Volume, LiDAR
2,114 m³
2 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Brasserie Meadow
Kwakkelstraat(KEM) 69, 9190 StekeneFood and beverage service activities
since 20232.347.150.669
Brasserie Meadow
Polenlaan(STE) 44, 9190 StekeneFood and beverage service activities
since 20232.347.362.287
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46024A1214/00E000 Flanders 1,104 m² 1 · 271 m² 10.7 m · 1 fl.
46011A0240/00B000 Flanders 550 m² 1 · 105 m² 10.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Subsidies and aid

Flemish government

2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid
Year Entries awardedpaid
2025 1 1,000 EUR1,000 EUR
Schemes
1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Stekene2.347.362.287
1 permission
Toelating · Eetgelegenheid · since 04-10-2023

Dual-learning approval

7 live approvals
Hulpkelner (vwo)
Goedgekeurd · 2024 to 2029
Hulpkelner duaal (so)
Goedgekeurd · 2024 to 2029
Keukenmedewerker (vwo)
Goedgekeurd · 2024 to 2029
Keukenmedewerker duaal (so)
Goedgekeurd · 2024 to 2029
Kok (vwo)
Goedgekeurd · 2024 to 2029
Kok duaal (so)
Goedgekeurd · 2024 to 2029
Show 1 more
Restaurant en keuken duaal (so)
Goedgekeurd · 2024 to 2029

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded11-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803822964
Also 9925:BE0803822964
Registered 02-09-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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