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MUSTANG

Active
Private limited companyfounded 2015active for 11 yearsDethystraat 13, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0641.824.155
Summary

The computed 12-month bankruptcy probability of MUSTANG is 3.4% (moderate). The annual accounts of MUSTANG for financial year 2025 show a net loss of 91% of the equity at the start of that year. The 2025 annual accounts show equity of €706 and a net result of -€7,592. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 28% of 17,021 sector peers (NACE 56, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 22-10-2015 Normal situation
Activity
Cafés and bars NACE 56301and 1 other
Establishment unit
2.249.562.830 1060 Sint-Gillis (bij-Brussel), since 02-02-2016
Financial year end
31 December
Peppol
Reachable since 02-01-2026

Board and ownership

Financial position

48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.4%
Annual accounts 2025
Gross margin
-€6,505
Loss
€7,592
Equity
€706
▼ 91.5%
Total assets
€28,421
▲ 43.0%
  • 2025 accounts filed 49 days after the deadline
Score breakdownraises riskLast filed accounts filed 49 days late; 3 of the last 3 accounts lateSector: Food and beverage service activities (NACE 56)Loss of €7,592 (financial year 2025)Equity €706 (2.5% of total assets)Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 16% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Weak
Solvency 27-40
equity 2.5% of total assets
Liquidity 26-12
short-term debt 97.5% · cash 20.9%
Profitability 0-83
return on assets -26.7%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,779 companies, NACE 56, micro)
Last 24 months 12-2024: 7.7% 01-2025: 9.9%▲ +2.2 percentage points vs 12-2024 02-2025: 9.8%▼ -0.1 percentage points vs 01-2025 03-2025: 10.1%▲ +0.3 percentage points vs 02-2025 04-2025: 9.2%▼ -0.9 percentage points vs 03-2025 05-2025: 9.2%● unchanged vs 04-2025 06-2025: 9.0%▼ -0.2 percentage points vs 05-2025 07-2025: 9.0%● unchanged vs 06-2025 08-2025: 10.9%▲ +1.9 percentage points vs 07-2025 09-2025: 10.9%● unchanged vs 08-2025 10-2025: 10.9%● unchanged vs 09-2025 11-2025: 10.9%● unchanged vs 10-2025 12-2025: 10.7%▼ -0.2 percentage points vs 11-2025 01-2026: 11.2%▲ +0.5 percentage points vs 12-2025highest value 02-2026: 11.2%● unchanged vs 01-2026highest value 03-2026: 11.2%● unchanged vs 02-2026highest value 04-2026: 10.9%▼ -0.3 percentage points vs 03-2026 05-2026: 10.9%● unchanged vs 04-2026 06-2026: 10.6%▼ -0.3 percentage points vs 05-2026 07-2026: 10.8%▲ +0.2 percentage points vs 06-2026 08-2026: 10.4%▼ -0.4 percentage points vs 07-2026 09-2026: 10.4%● unchanged vs 08-2026 10-2026: 3.4%▼ -7.0 percentage points vs 09-2026lowest value 11-2026: 3.4%● unchanged vs 10-2026lowest value
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.62 (0.75 in 2024), below 1. Short-term debt is 97.5% and cash 20.9% of total assets. 97.5% of the assets are financed with debt and provisions.
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 27% of them on solvency, 22% on liquidity, 8% on profitability and 8% on growth.

The bankruptcy probability was computed on 04-11-2026 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 moderate class on 30-06-2025, 2.4% 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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises risk
raises risk · Last filed accounts filed 49 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Loss of €7,592 (financial year 2025)
NBB · annual accounts
raises risk · Equity €706 (2.5% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 49 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
49 days late
2024
414 days late
2023
779 days late
2022
125 days late
2021
141 days late
2020
83 days late
2019
103 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 242 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 19 December (4 of the last 5 accounts filed within 273 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

  1. · Gazette deed Change of role: GONCALVES BASILIO Emmanuel, from manager to directorDirector discharge: GONCALVES BASILIO Emmanuel
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as MUSTANG: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €23,200 and €33,600, founded between 2014 and 2016.

CompanyTotal assetsGross margin
MUSTANG Sint-Gillis (bij-Brussel)€28,421-€6,505
KUKE BREWERIES Schaerbeek€30,397€23
PRI-CAFE INVEST Brussels€25,418-€7,076
Het Wijn(z)wijn Geel€27,452-€6,731
La Lorgnette au 2 rue des Clercs Mons€27,709-€14,286
JEMYL Essen€33,629€268
ROTANA Lokeren€23,166-€12,100
Full comparison

Key facts about MUSTANG

What is the company number of MUSTANG?
The company number of MUSTANG is 0641.824.155. The VAT number is the same number with BE in front: BE 0641.824.155.
Where is MUSTANG based?
The registered office is at Dethystraat 13, 1060 Sint-Gillis (bij-Brussel).Company details
What does MUSTANG do?
According to the KBO register, the main activity is cafés and bars (NACE 56301).
What is the legal form of MUSTANG?
MUSTANG is a private limited company (BV).
When was MUSTANG founded?
MUSTANG was founded on 22-10-2015.
Is MUSTANG still active?
Yes, MUSTANG is an active enterprise in the KBO register.
What is the turnover of MUSTANG?
The annual accounts for financial year 2025 state no turnover.Financials
Is MUSTANG profitable?
In financial year 2025, MUSTANG made a loss of €7,592.
Where can I find the annual accounts of MUSTANG?
MUSTANG filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MUSTANG due?
MUSTANG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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