MUT
ActiveSummary
The computed 12-month bankruptcy probability of MUT is 4.3% (elevated). The 2025 annual accounts show negative equity (-€2,606) and a net result of €9,002. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 13604 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+28
Solvency16▲+16
Growth78=
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.54 in 2024; short-term debt: 108.6% and cash: 22.9% of total assets), and equity is negative.
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Signals
Five 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-8.6%
Return on assets
29.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
5 d late
2024
11 d late
2023
17 d early
2022
15 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€66,365
EBIT margin
-23.6%
Net result
€9,002▲ 975%
2024 · €837
Working capital
-€9,058▲ 51.2%
2024 · -€18,550
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€66,365-
Operating result-€15,647-€765€3,044▲ 298%€1,108▼ 63.6%€10,687▲ 864%
Net result-€15,767below the sector's middle half-€486within the sector's middle half€2,835within the sector's middle half▲ 484%€837within the sector's middle half▼ 70.5%€9,002within the sector's middle half▲ 975%
EBIT margin-23.6%-
Equity-€15,766below the sector's middle half--€15,280below the sector's middle half▲ 3.1%-€12,445below the sector's middle half▲ 18.6%-€11,608below the sector's middle half▲ 6.7%-€2,606below the sector's middle half▲ 77.6%
Total assets€17,360below the sector's middle half-€21,759below the sector's middle half▲ 25.3%€19,648below the sector's middle half▼ 9.7%€29,431below the sector's middle half▲ 49.8%€30,274below the sector's middle half▲ 2.9%
Debt€33,126-€37,039▲ 11.8%€32,093▼ 13.4%€41,039▲ 27.9%€32,879▼ 19.9%
Working capital€4,234within the sector's middle half--€4,732within the sector's middle half-€897within the sector's middle half▲ 81.0%-€18,550within the sector's middle half▼ 1,968%-€9,058within the sector's middle half▲ 51.2%
Solvency-90.8%below the sector's middle half--70.2%below the sector's middle half▲ 20.6pp-63.3%below the sector's middle half▲ 6.9pp-39.4%below the sector's middle half▲ 23.9pp-8.6%below the sector's middle half▲ 30.8pp
Current ratio1.32within the sector's middle half-0.72within the sector's middle half▼ 0.600.93within the sector's middle half▲ 0.200.54within the sector's middle half▼ 0.380.72within the sector's middle half▲ 0.18
Return on assets (ROA)-90.8%below the sector's middle half-2.2%within the sector's middle half▲ 93.1pp14.4%within the sector's middle half▲ 12.2pp2.8%within the sector's middle half▼ 11.6pp29.7%above the sector's middle half▲ 26.9pp
Staff (FTE)1.81.7▼ 5.6%1.1▼ 35.3%1.1=
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
The operating result recovers in 2025; 2025 is 864% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,274
Fixed assets
€6,452 ▼ 13.4%
Current assets
€23,822 ▲ 8.4%
Key figures and ratios
EBITDA
€11,687▲
2024 · €2,108
Cash flow
€10,002▲
2024 · €1,837
Debt to equity
-12.62▼
2024 · -3.54
Interest coverage
6.94▼
2024 · 7.78
Debt ≤ 1 year
€32,879▼
2024 · €40,529
Staff costs
€44,306▼
2024 · €45,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,178 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €66,365 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €41,980 | €111,971 | €121,582 | €143,661 | - | - |
| Remuneration, social security and pensions62 | €40,033 | €66,553 | €61,789 | €45,655 | €44,306 | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €548 | €1,000 | €1,000 | €1,000 | = |
| Other operating charges640/8 | - | €865 | €468 | €118 | €370 | ▲ 214% |
| Gross operating margin9900 | €24,385 | €68,731 | €66,301 | €47,881 | €56,363 | ▲ 17.7% |
| Operating profit (loss)9901 | -€15,647 | €765 | €3,044 | €1,108 | €10,687 | ▲ 864% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €120 | €280 | €209 | €271 | €1,685 | ▲ 522% |
| Recurring financial charges65 | €120 | €280 | €209 | €271 | €1,685 | ▲ 522% |
| Profit (loss) for the period before taxes9903 | -€15,767 | €486 | €2,835 | €837 | €9,002 | ▲ 975% |
| Profit (loss) for the period9904 | -€15,767 | €486 | €2,835 | €837 | €9,002 | ▲ 975% |
| Profit (loss) for the period to be appropriated9905 | -€15,767 | €486 | €2,835 | €837 | €9,002 | ▲ 975% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,360 | €21,759 | €19,648 | €29,431 | €30,274 | ▲ 2.9% |
| Fixed assets21/28 | - | €9,452 | €8,452 | €7,452 | €6,452 | ▼ 13.4% |
| Tangible fixed assets22/27 | - | €9,452 | €8,452 | €7,452 | €6,452 | ▼ 13.4% |
| Land and buildings22 | - | €9,452 | €8,452 | €7,452 | €6,452 | ▼ 13.4% |
| Current assets29/58 | €17,360 | €12,307 | €11,196 | €21,979 | €23,822 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €11,556 | €1,424 | €415 | €12,538 | €16,884 | ▲ 34.7% |
| Trade receivables40 | €6,884 | €382 | €251 | €10,600 | €15,248 | ▲ 43.9% |
| Other amounts receivable41 | €4,672 | €1,042 | €163 | €1,938 | €1,635 | ▼ 15.6% |
| Cash at bank and in hand54/58 | €5,805 | €3,883 | €10,781 | €9,441 | €6,938 | ▼ 26.5% |
| Deferred charges and accrued income490/1 | - | €7,000 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,360 | €21,759 | €19,648 | €29,431 | €30,274 | ▲ 2.9% |
| Equity10/15 | -€15,766 | -€15,280 | -€12,445 | -€11,608 | -€2,606 | ▲ 77.6% |
| Contributions10/11 | €1 | €1 | €1 | €1 | €1 | = |
| Profit (loss) carried forward14 | -€15,767 | -€15,281 | -€12,446 | -€11,609 | -€2,607 | ▲ 77.5% |
| Amounts payable17/49 | €33,126 | €37,039 | €32,093 | €41,039 | €32,879 | ▼ 19.9% |
| Amounts payable after more than one year17 | €20,000 | €20,000 | €20,000 | - | - | - |
| Other amounts payable178/9 | €20,000 | €20,000 | €20,000 | - | - | - |
| Amounts payable within one year42/48 | €13,126 | €17,039 | €12,093 | €40,529 | €32,879 | ▼ 18.9% |
| Trade debts44 | €6,473 | €7,857 | €744 | €29,033 | €15,604 | ▼ 46.3% |
| Suppliers440/4 | €6,473 | €7,857 | €744 | €29,033 | €15,604 | ▼ 46.3% |
| Taxes, remuneration and social security45 | €1,573 | €3,062 | €7,034 | €7,339 | €9,792 | ▲ 33.4% |
| Taxes450/3 | €1,573 | €1,550 | €1,280 | €3,810 | €3,489 | ▼ 8.4% |
| Remuneration and social security454/9 | - | €1,511 | €5,754 | €3,528 | €6,303 | ▲ 78.6% |
| Other amounts payable47/48 | €5,080 | €6,120 | €4,315 | €4,158 | €7,483 | ▲ 80.0% |
| Accrued charges and deferred income492/3 | - | - | - | €509 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,767 | €486 | €2,835 | €837 | €9,002 | ▲ 975% |
| + Depreciation and write-downs630 | - | €548 | €1,000 | €1,000 | €1,000 | = |
| Operating cash flow (approximation) | -€15,767 | €1,034 | €3,835 | €1,837 | €10,002 | ▲ 444% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | -€1,922 | €6,898 | -€1,340 | -€2,503 | ▼ 86.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Highest result since 2021net €9,002 ▲975%
Operating result €10,687, net result €9,002, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €486
Net result €486 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 act for this company is 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, Antwerpen · 1 establishment unit since 2020
Ground area
110 m²
Building footprint
110 m²
Volume, LiDAR
1,595 m³
Parcel 11811L3785/00C000, Flanders · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MUT
since 20202.308.597.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3785/00C000 | Flanders | 110 m² | 1 · 110 m² | 16.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.308.597.030
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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 14,002 companies in sector 56301 we hold annual accounts for 4,896. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756473504
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.