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Complete company report
Generated 11-08-2026
Active BE 1004.646.519Private limited company

MUSTANG

Oudburg 43 ·9000 Gent, Belgium· 2 yrs active
Sector: Food & beverage service (56111)
Conclusion Checked

The computed 12-month bankruptcy probability of MUSTANG is 3.9% (moderate). The 2024 annual accounts show equity of €79k and a net result of €59k. Its solvency ranks better than 93% of 5615 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €79k
Net result €59k
Staff (FTE) 2.4
Better than sector 93%
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health93Profitability100Solvency94Growth-Stability67
88 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 93
Profitability 100
Solvency 94
Growth -
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
3.9% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
93 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 22-09-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 75.0% 19.3%
better than 93% of 5615 sector peers
Net result €59k €4k
better than 92% of 5603 sector peers
Equity €79k €14k
better than 85% of 5626 sector peers
Gross operating margin €126k €52k
better than 75% of 5589 sector peers
Staff costs €38k €49k
higher than 43% of 4064 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€86k
Net profit€59k
Cash flow€70k
Staff costs€38k
Income taxes€15k
Dividends-
Total assets€105k
Equity€79k
Debt€26k
of which ≤ 1y€26k
of which > 1y-
Working capital€19k
Employees (FTE)2.4
Ratios (computed)
2024
Current ratio1.73
Quick ratio1.50
Working capital ratio18.3%
Solvency75.0%
Debt / equity0.33
Long-term debt ratio-
Interest coverage61.77
Gross margin-
Net margin-
ROA56.0%
ROE74.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€105k
Fixed assets 21/28€60k
Intangible fixed assets 21€29k
Tangible fixed assets 22/27€31k
Current assets 29/58€46k
Stocks & contracts in progress 3€6k
Cash & bank 54/58€39k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€105k
Equity 10/15€79k
Contributions / capital 10/11€20k
Reserves 13€2k
Accumulated profits (losses) 14€57k
Amounts payable 17/49€26k
Amounts payable within one year 42/48€26k
Trade debts payable within one year 44€6k
Income statement
Gross operating margin 9900€126k
Operating result 9901€75k
Financial charges 65€1k
Result before taxes 9903€74k
Income taxes 67/77€15k
Net result for the period 9904€59k
Result to be appropriated 9905€59k
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • Subedi Sushil
    Director
    State Gazette act 26013882 (28-01-2026)
    Former
    - → 31-12-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Food & beverage service(56111)
Legal form Private limited company(610)
Incorporation15-01-2024
StatusActive
Postal code9000
Establishment units 1 location
MUSTANG
Oudburg 43, 9000 GentEetgelegenheden met volledige bediening
since 20242.354.376.971
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44021A0728/00B000
ProtectedTownscape or village viewPatershol en omgevingSource ↗
 Flanders 68 m² 1 · 67 m² 15.5 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
28-01-2026
State Gazette act Capital & shares
v3.2
2025
22-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
17-01-2024
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
Capital history · 1
28-01-2026
v3.2
All acts · 2 updated 6 months ago
2026
28-01-2026 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": null,
      "currency": null,
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2025-12-22",
      "evidence_quote": "Na aandelenruil is de verdeling als vo\u0142gt: - Kafle Kamal Kanta: 100/100",
      "contribution_type": null
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1004.646.519",
    "name_full": "MUSTANG",
    "legal_form": "BV"
  }
}
2024
17-01-2024 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Oudburg 43, 9000 Gent",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1996-06-10",
        "name": "SUBEDI Sushil",
        "niss": null,
        "address": "Voetbalstraat 86, 9050 Gent (Gentbrugge)"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 8000,
      "holder_person_name": "SUBEDI Sushil",
      "is_subscriber_only": false,
      "n_shares_subscribed": 40,
      "amount_subscribed_eur": 8000,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1988-11-30",
        "name": "KAFLE Kamal Kanta",
        "niss": null,
        "address": "Veldwijkstraat 11, 9050 Gent (Gentbrugge)"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 12000,
      "holder_person_name": "KAFLE Kamal Kanta",
      "is_subscriber_only": false,
      "n_shares_subscribed": 60,
      "amount_subscribed_eur": 12000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 20000,
  "subject_company": {
    "kbo": "1004.646.519",
    "name_full": "MUSTANG",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2024-01-11",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Catering56210Catering van evenementen56210
Primary activity highlighted.
Names & trade names
Legal nameNL MUSTANG
Registered office
Oudburg 43
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative