Equity
Equity fell by 86% in 2 years.
Equity fell by 86% in 2 years.
From profit to loss in 2025, after a profit of €7,580 in 2024.
Short-term debts rose from €106,277 to €118,910.
Two of the last ten came late. The 2017 accounts came latest: 31 days after the end of the period.
Lower net result than 95% of companies in food and beverage service. Sector median €4,670 · 18,499 companies.
In July 2024, 1,294 companies had the same profile as MURCA has now. Each dot stands for 4 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,294 companies, not a prediction for MURCA. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MURCA Ixelles | €138,125 | €7,723 | 13.9% | - |
| BG MANAGEMENT & CONSULT Brussels | €151,053 | €5,684 | 36.7% | - |
| LUKHAB Brussels | €110,690 | €11,083 | -208.6% | - |
| ABBOT&COSTELLO Sint-Niklaas | €119,739 | €6,648 | 67.2% | - |
| DECO-FAC Antwerp | €104,488 | €6,928 | -140.2% | - |
| KREMA Eupen | €105,003 | €5,776 | -2.6% | - |
| ABOUSAID Ixelles | €89,965 | €6,230 | 41.6% | - |
These companies have the same main activity as MURCA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €90,000 and €151,000, founded between 2011 and 2016.
MURCA files the micro format. That format states no turnover. The gross margin fell from €50,032 in 2015 to €7,723 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €82,000. Estimated: probably between €40,000 and €170,000.
Higher than 36% of 18,532 companies in 2025.
Higher than 33% of 17,887 companies in 2025.
Higher than 6% of 17,984 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
138,125 | 208,812 | 194,153 | 154,624 | 82,860 | 94,127 | 129,028 | 122,197 | 103,847 | 41,684 | 32,280 | |
21/28 |
55,491 | 79,241 | 101,227 | 95,182 | 63,295 | - | - | 2,457 | 2,720 | 2,983 | 3,245 | |
22/27 |
34,741 | 58,490 | 80,476 | 74,432 | 42,795 | - | - | 263 | 525 | 788 | 1,050 | |
22 |
46 | 373 | 700 | 1,027 | - | - | - | - | - | - | - | |
23 |
476 | 884 | 1,292 | - | - | - | - | 263 | 525 | 788 | 1,050 | |
24 |
12,817 | 27,883 | 39,292 | 42,851 | 40,305 | - | - | - | - | - | - | |
26 |
21,402 | 29,350 | 39,192 | 30,553 | 2,491 | - | - | - | - | - | - | |
28 |
20,751 | 20,751 | 20,751 | 20,751 | 20,500 | - | - | 2,195 | 2,195 | 2,195 | 2,195 | |
29/58 |
82,634 | 129,571 | 92,926 | 59,442 | 19,565 | 94,127 | 129,028 | 119,740 | 101,127 | 38,702 | 29,035 | |
3 |
6,498 | 15,247 | 10,792 | 8,173 | 4,509 | - | - | 3,636 | 2,503 | 8,886 | 9,011 | |
30/36 |
6,498 | 15,247 | 10,792 | 8,173 | 4,509 | - | - | 3,636 | 2,503 | 8,886 | 9,011 | |
40/41 |
70,121 | 106,510 | 71,163 | 43,308 | 12,175 | 94,127 | 126,213 | 115,308 | 79,809 | 23,573 | 3,953 | |
40 |
- | - | - | - | 1,232 | 1,112 | 354 | 291 | - | - | 3,953 | |
41 |
70,121 | 106,510 | 71,163 | 43,308 | 10,944 | 93,015 | 125,858 | 115,017 | 79,809 | 23,573 | - | |
54/58 |
6,014 | 7,814 | 10,972 | 7,961 | 2,881 | - | 2,815 | 796 | 18,814 | 6,243 | 16,071 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
138,125 | 208,812 | 194,153 | 154,624 | 82,860 | 94,127 | 129,028 | 122,197 | 103,847 | 41,684 | 32,280 | |
10/15 |
19,215 | 102,535 | 142,014 | 129,376 | 44,452 | 73,264 | 109,794 | 71,046 | 70,998 | 25,500 | 21,405 | |
10/11 |
20,400 | 20,400 | 20,400 | 20,400 | 20,400 | 20,400 | 20,400 | 8,000 | 8,000 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 20,400 | 20,400 | 20,400 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
-3,045 | 80,275 | 119,754 | 107,116 | 22,192 | 51,004 | 87,534 | 61,186 | 61,138 | 17,440 | 13,345 | |
17/49 |
118,910 | 106,277 | 52,140 | 25,248 | 38,408 | 20,863 | 19,234 | 51,151 | 32,849 | 16,184 | 10,875 | |
42/48 |
118,910 | 106,277 | 52,140 | 25,248 | 38,408 | 20,863 | 19,234 | 51,151 | 32,849 | 16,184 | 10,875 | |
44 |
110,852 | 46,698 | 38,829 | 14,851 | 32,363 | 4,986 | 1,421 | 28,895 | 700 | 6,787 | 4,698 | |
440/4 |
110,852 | 46,698 | 38,829 | 14,851 | 32,363 | 4,986 | 1,421 | 28,895 | 700 | 6,787 | 4,698 | |
45 |
8,058 | 19,579 | 13,310 | 10,397 | 6,001 | 15,876 | 17,813 | 22,256 | 32,148 | 9,397 | 6,176 | |
450/3 |
3,235 | 15,447 | 9,587 | 5,676 | 6,001 | 15,876 | 17,813 | 22,256 | 32,148 | 7,299 | 5,685 | |
454/9 |
4,823 | 4,131 | 3,723 | 4,721 | - | - | - | - | - | 2,098 | 491 | |
47/48 |
- | 40,000 | - | - | 44 | - | - | - | - | - | - | |
| Income statement | ||||||||||||
76A |
- | - | - | - | - | - | 49,032 | - | 12,246 | - | - | |
9900 |
7,723 | 108,811 | 106,478 | 136,700 | -26,212 | -13,829 | 60,462 | 27,582 | 73,975 | 32,773 | 50,032 | |
62 |
58,114 | 60,803 | 58,981 | 29,027 | - | 65 | 21,457 | 26,400 | 9,947 | 24,351 | 28,066 | |
630 |
25,564 | 27,436 | 22,478 | 14,492 | 722 | - | 263 | 263 | 263 | 263 | 263 | |
640/8 |
3,686 | 3,947 | 5,327 | 2,481 | 1,692 | 20,411 | 1,440 | 456 | 756 | 1,378 | 1,194 | |
9901 |
-79,641 | 16,626 | 19,691 | 90,699 | -28,626 | -34,305 | 37,302 | 464 | 63,010 | 6,782 | 20,509 | |
75/76B |
- | - | 0 | - | - | - | - | - | - | - | - | |
75 |
- | - | 0 | - | - | - | - | - | - | - | - | |
65/66B |
3,679 | 4,265 | 3,744 | 134 | 70 | 150 | 308 | 138 | 213 | 747 | 202 | |
65 |
3,679 | 4,265 | 3,744 | 134 | 70 | 150 | 308 | 138 | 213 | 747 | 202 | |
9903 |
-83,320 | 12,360 | 15,948 | 90,565 | -28,696 | -34,455 | 36,995 | 326 | 62,796 | 6,035 | 20,308 | |
67/77 |
- | 4,780 | 3,310 | 5,641 | 116 | 2,075 | 10,646 | 279 | 19,098 | 1,940 | 5,103 | |
9904 |
-83,320 | 7,580 | 12,638 | 84,924 | -28,812 | -36,530 | 26,348 | 48 | 43,698 | 4,095 | 15,205 | |
9905 |
-83,320 | 7,580 | 12,638 | 84,924 | -28,812 | -36,530 | 26,348 | 48 | 43,698 | 4,095 | 15,205 | |
| Appropriation of the result | ||||||||||||
9906 |
-3,045 | 127,333 | 119,754 | 107,116 | 22,192 | 51,004 | 87,534 | 61,186 | 61,138 | 17,440 | 15,205 | |
14P |
80,275 | 119,754 | 107,116 | 22,192 | 51,004 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | 47,059 | - | - | - | - | - | - | - | - | - | |
694 |
- | 47,059 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
2.4 | 1.6 | 1.3 | 1.9 | - | - | - | - | 0.3 | 0.6 | 1 | |
Hours worked1013 |
1,496 | 1,506 | 2,214 | 1,510 | - | - | - | - | 502 | 1,089 | 1,707 | |
| Document | ||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00128299 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00174482 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00111743 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00115971 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20049300 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27700532 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41600455 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600527 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57600327 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-20400118 | |
| 31-12-2015 | full format | 08-07-2016 | 2016-29200173 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -54,077 | 44,062 | 42,170 | 105,191 | -27,904 | - | 37,565 | 727 | 63,272 | 7,045 | 20,772 | ||
| -57,756 | 35,016 | 35,116 | 99,416 | -28,090 | - | 26,611 | 310 | 43,961 | 4,357 | 15,468 | ||
| 1,815 | 12,500 | 30,745 | 46,379 | 64,017 | - | -2,195 | 0 | 0 | 0 | 3,508 | ||
| -1,800 | -3,158 | 3,011 | 5,080 | - | - | 2,019 | -18,019 | 12,572 | -9,828 | - | ||
| -36,276 | 23,294 | 40,787 | 34,194 | -18,843 | 73,264 | 109,794 | 68,589 | 68,278 | 22,517 | 18,160 | ||
| 13.9% | 49.1% | 73.1% | 83.7% | 53.6% | 77.8% | 85.1% | 58.1% | 68.4% | 61.2% | 66.3% | ||
| 0.69 | 1.22 | 1.78 | 2.35 | 0.51 | 4.51 | 6.71 | 2.34 | 3.08 | 2.39 | 2.67 | ||
| 0.64 | 1.08 | 1.58 | 2.03 | 0.39 | 4.51 | 6.71 | 2.27 | 3.00 | 1.84 | 1.84 | ||
| 6.19 | 1.04 | 0.37 | 0.20 | 0.86 | 0.28 | 0.18 | 0.72 | 0.46 | 0.63 | 0.51 | ||
| -433.6% | 7.4% | 8.9% | 65.6% | -64.8% | -49.9% | 24.0% | 0.1% | 61.5% | 16.1% | 71.0% | ||
| -60.3% | 3.6% | 6.5% | 54.9% | -34.8% | -38.8% | 20.4% | 0.0% | 42.1% | 9.8% | 47.1% | ||
| -14.70 | 10.33 | 11.26 | over 100 | -397.21 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 4 |
| full-time | - | - | 1 | - |
| part-time | 2 | 2 | 1 | 4 |
| in full-time equivalents | 0.9 | - | 1.6 | 1.8 |
| 1.1 | 1 | 1.1 | 0.9 | |
| On a permanent contract | 2 | 2 | 2 | 3 |
| Joined | - | 1 | 3 | 7 |
| Left | - | 1 | 5 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,815 | €12,500 | €30,745 | €46,128 | €43,517 |
| Financial fixed assets | - | - | - | €251 | €20,500 |
| €25,564 | €27,436 | €22,478 | €14,492 | €722 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €79,641, after a profit of €16,626 in 2024. It is the lowest result since 2015.
Debt's share of the balance-sheet total rises from 50.9% to 86.1%. Equity is lower and debt is higher.
MURCA has no parent and no holdings in its annual accounts.
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Boondaalse Steenweg 468 registered office 1050 Ixelles | 01-12-2021 | 2.324.157.810 | Pitta house, pitta bar |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21445C0265/00N008 | 262 m² | 1 · 111 m² | 12.4 m · 1 |
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