MUSTANG
ActiveThe computed 12-month bankruptcy probability of MUSTANG is 6.5% (elevated). For MUSTANG, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €4k and a net result of €1k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 16720 sector peers (fiscal year 2022). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability46▼-54
Solvency36▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2022Solvency, return and age of the figures
Solvency
11.2%
Return on assets
3.4%
Age of the figures
45 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline17-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 03-12-2023, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
125 d late
2021
141 d late
2020
83 d late
2019
103 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k▼ 94.5%
2021 · €19k
2018: €-5k
2019: €-14k
2020: €-16k
2021: €19k
2018 → 2022
Working capital
€4k▲ 43.5%
2021 · €2k
2018: €-555
2019: €-14k
2020: €-17k
2021: €2k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-55-€-14k▼ 26,035%€-17k▼ 17.4%€2k€4k▲ 43.5%
Operating result€-5k-€-14k▼ 194%€-16k▼ 13.7%€19k€1k▼ 92.6%
Net result€-5k-€-14k▼ 178%€-16k▼ 10.5%€19k€1k▼ 94.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 93% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €31k
Equity
€4k▲ 43.5%
Debt
€28k▼ 51.4%
The debt ratio falls from 95.9% to 88.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
11.2%▲
2021 · 4.1%
Current ratio
1.13▲
2021 · 1.04
Quick ratio
0.82▼
2021 · 0.86
Debt / equity
7.91▼
2021 · 23.35
ROE
30.3%▼
2021 · 787.1%
ROA
3.4%▼
2021 · 32.3%
Debt
€28k▼
2021 · €57k
Debt ≤ 1 year
€28k▼
2021 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€60k€31k▼
Current assets29/58€60k€31k▼
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€37k€12k▼
Trade receivables40-€12k
Other amounts receivable41€37k-
Cash at bank and in hand54/58€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€60k€31k▼
Equity10/15€2k€4k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-17k€-16k▲
Amounts payable17/49€57k€28k▼
Amounts payable within one year42/48€57k€28k▼
Trade debts44€23k€595▼
Suppliers440/4€23k€595▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€33k€22k▼
Income statement
Code20212022
Other operating charges640/8€831€221▼
Gross operating margin9900€20k€2k▼
Operating profit (loss)9901€19k€1k▼
Financial income75/76B-€28
Recurring financial income75-€28
Financial charges65/66B€150€392▲
Recurring financial charges65€150€392▲
Profit (loss) for the period before taxes9903€19k€1k▼
Profit (loss) for the period9904€19k€1k▼
Profit (loss) for the period to be appropriated9905€19k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-16k▲
Profit (loss) brought forward from the previous period14P€-36k€-17k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
03-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 125 days late
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 141 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after 3 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 83 days late
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 103 days late
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 133 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 204 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dethystraat 131060 Sint-Gillis (bij-Brussel)Ground area
81 m²
Building footprint
82 m²
Volume, LiDAR
854 m³
Parcel 21562A0138/00N004, Brussels · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Dethystraat 13, 1060 Sint-Gillis (bij-Brussel)
since 20162.249.562.830
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0138/00N004 | Brussels | 81 m² | 1 · 82 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteSint-Gillis2.249.562.830
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,893. 2,395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2015
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.