MVMGO
ActiveSummary
The computed 12-month bankruptcy probability of MVMGO is 2.2% (moderate). The 2025 annual accounts show negative equity (-€20,527) and a net result of €52,488. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 3757 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+13
Solvency17▲+17
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.81 in 2024; short-term debt: 93.9% and cash: 53.6% 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 · 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%
Return on assets
20.4%
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 19% of 3757 sector peers (2025).
NBB · sector comparisonPosition among 3757 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
68 d late
2023
59 d late
2022
58 d late
2021
89 d early
2020
9 d late
2019
77 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 employer in Ecaussinnes
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52,488▲ 86.0%
2024 · €28,215
Working capital
-€4,622▲ 91.4%
2024 · -€53,576
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€296,168▲ 637%€317,188▲ 7.1%€395,735▲ 24.8%€415,245▲ 4.9%€279,328▼ 32.7%
Net result€125,121-€45,975-€57,368▼ 24.8%€28,215€52,488▲ 86.0%
Equity-€315▲ 99.7%-€43,861▼ 13,837%-€101,229▼ 131%-€73,014▲ 27.9%-€20,527▲ 71.9%
Total assets€365,584▼ 22.2%€327,687▼ 10.4%€329,212▲ 0.5%€249,448▼ 24.2%€257,916▲ 3.4%
Debt€365,899▼ 38.5%€371,548▲ 1.5%€430,441▲ 15.9%€322,462▼ 25.1%€278,443▼ 13.7%
Working capital€64,063-€14,545-€79,543▼ 447%-€53,576▲ 32.6%-€4,622▲ 91.4%
Staff (FTE)9.3▼ 8.8%8.5▼ 8.6%17.7▲ 108%16.8▼ 5.1%15▼ 10.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248,750
Fixed assets
€11,123 ▲ 2.7%
Current assets
€237,627 ▲ 5.9%
Key figures and ratios
EBITDA
€288,362▼
2024 · €423,825
Cash flow
€61,522▲
2024 · €36,794
Solvency
-8.0%▲
2024 · -29.3%
Current ratio
0.98▲
2024 · 0.81
Quick ratio
0.90▲
2024 · 0.72
Debt to equity
-13.56▼
2024 · -4.42
ROA
20.4%▲
2024 · 11.3%
Interest coverage
1.31▲
2024 · 1.09
Debt ≤ 1 year
€242,249▼
2024 · €278,022
Income taxes
€7,937▲
2024 · €460
Staff costs
€652,666▲
2024 · €556,576
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 178 companies that looked in July 2024 the way this one looks now, 5.6% went bankrupt within 24 months and 90% are still going.
- Small
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.6%
went bankrupt
2.8%
stopped otherwise
90%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,058 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% | 1.6% |
| 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 74% 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 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €50,692 | - |
| Remuneration, social security and pensions62 | €221,932 | €435,935 | €498,614 | €556,576 | €652,666 | ▲ 17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,246 | €8,839 | €8,664 | €8,580 | €9,034 | ▲ 5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €349 | €117,196 | - | - |
| Other operating charges640/8 | €1,904 | €2,906 | €3,487 | €4,407 | €12,124 | ▲ 175% |
| Gross operating margin9900 | €527,250 | €764,868 | €906,849 | €1.1m | €953,152 | ▼ 13.5% |
| Operating profit (loss)9901 | €296,168 | €317,188 | €395,735 | €415,245 | €279,328 | ▼ 32.7% |
| Financial income75/76B | €13 | €1,205 | €405 | €1,418 | €1,920 | ▲ 35.4% |
| Recurring financial income75 | €13 | €1,205 | €405 | €1,418 | €1,920 | ▲ 35.4% |
| Financial charges65/66B | €171,060 | €364,368 | €453,402 | €387,990 | €220,824 | ▼ 43.1% |
| Recurring financial charges65 | €171,060 | €364,368 | €453,402 | €387,990 | €220,824 | ▼ 43.1% |
| Profit (loss) for the period before taxes9903 | €125,121 | -€45,975 | -€57,262 | €28,674 | €60,425 | ▲ 111% |
| Income taxes67/77 | - | - | €106 | €460 | €7,937 | ▲ 1,627% |
| Profit (loss) for the period9904 | €125,121 | -€45,975 | -€57,368 | €28,215 | €52,488 | ▲ 86.0% |
| Profit (loss) for the period to be appropriated9905 | €125,121 | -€45,975 | -€57,368 | €28,215 | €52,488 | ▲ 86.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,584 | €327,687 | €329,212 | €249,448 | €257,916 | ▲ 3.4% |
| Formation expenses20 | €29,167 | €24,167 | €19,166 | €14,166 | €9,166 | ▼ 35.3% |
| Fixed assets21/28 | €8,674 | €10,849 | €8,673 | €10,835 | €11,123 | ▲ 2.7% |
| Tangible fixed assets22/27 | €8,602 | €10,777 | €8,600 | €10,177 | €10,465 | ▲ 2.8% |
| Plant, machinery and equipment23 | €1,481 | €2,998 | €3,948 | €3,243 | €2,537 | ▼ 21.8% |
| Furniture and vehicles24 | €7,120 | €7,779 | €4,652 | €6,934 | €7,928 | ▲ 14.3% |
| Financial fixed assets28 | €72 | €72 | €72 | €658 | €658 | = |
| Current assets29/58 | €327,744 | €292,671 | €301,373 | €224,446 | €237,627 | ▲ 5.9% |
| Stocks and contracts in progress3 | €12,000 | €15,255 | €19,730 | €23,415 | €19,230 | ▼ 17.9% |
| Stocks30/36 | €12,000 | €15,255 | €19,730 | €23,415 | €19,230 | ▼ 17.9% |
| Amounts receivable within one year40/41 | €124,029 | €133,449 | €132,788 | €81,721 | €75,745 | ▼ 7.3% |
| Trade receivables40 | €8,686 | €11,994 | €11,705 | €74,508 | €75,745 | ▲ 1.7% |
| Other amounts receivable41 | €115,343 | €121,455 | €121,083 | €7,213 | - | - |
| Cash at bank and in hand54/58 | €191,193 | €141,632 | €145,759 | €116,157 | €138,174 | ▲ 19.0% |
| Deferred charges and accrued income490/1 | €522 | €2,336 | €3,096 | €3,154 | €4,478 | ▲ 42.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,584 | €327,687 | €329,212 | €249,448 | €257,916 | ▲ 3.4% |
| Equity10/15 | -€315 | -€43,861 | -€101,229 | -€73,014 | -€20,527 | ▲ 71.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,515 | -€50,061 | -€107,429 | -€79,214 | -€26,727 | ▲ 66.3% |
| Amounts payable17/49 | €365,899 | €371,548 | €430,441 | €322,462 | €278,443 | ▼ 13.7% |
| Amounts payable after more than one year17 | €62,645 | €29,084 | €14,078 | - | - | - |
| Financial debts170/4 | €62,645 | €29,084 | €14,078 | - | - | - |
| Amounts payable within one year42/48 | €263,681 | €307,216 | €380,916 | €278,022 | €242,249 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | €34,012 | €34,765 | €16,240 | €14,078 | - | - |
| Trade debts44 | €170,062 | €220,881 | €340,861 | €224,692 | €194,635 | ▼ 13.4% |
| Suppliers440/4 | €170,062 | €220,881 | €340,861 | €224,692 | €194,635 | ▼ 13.4% |
| Taxes, remuneration and social security45 | €59,607 | €51,570 | €23,815 | €38,909 | €47,240 | ▲ 21.4% |
| Taxes450/3 | €56,663 | €51,570 | €22,033 | €9,145 | €22,185 | ▲ 143% |
| Remuneration and social security454/9 | €2,944 | - | €1,782 | €29,764 | €25,055 | ▼ 15.8% |
| Other amounts payable47/48 | - | - | - | €343 | €374 | ▲ 9.1% |
| Accrued charges and deferred income492/3 | €39,573 | €35,247 | €35,447 | €44,440 | €36,193 | ▼ 18.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,121 | -€45,975 | -€57,368 | €28,215 | €52,488 | ▲ 86.0% |
| + Depreciation and write-downs630 | €7,246 | €8,839 | €8,664 | €8,580 | €9,034 | ▲ 5.3% |
| Operating cash flow (approximation) | €132,366 | -€37,136 | -€48,704 | €36,794 | €61,522 | ▲ 67.2% |
| Investment in fixed assets (approximation) | - | -€11,014 | -€6,488 | -€10,742 | -€9,322 | ▲ 13.2% |
| Change in cash | - | -€49,561 | €4,127 | -€29,602 | €22,017 | ▲ 174% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 68 days late
2024
31-12
Financial
Back to profitnet €28,215
Net result €28,215 after 2 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 59 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 58 days late
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €125,121
Net result €125,121 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.24
Current ratio from 0.45 to 1.24; short-term debt falls from €499,371 to €263,681.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet -€99,661
Net result drops to -€99,661, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €22,575
Net result €22,575 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Ecaussinnes · 1 establishment unit since 2017
Ground area
3.6 ha
Building footprint
1.0 ha
Volume, LiDAR
59,675 m³
2 parcels, Wallonia · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
LUNCH GARDEN
since 20172.269.942.431
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0645/00P000 | Wallonia | 3.6 ha | 1 · 9,964 m² | 10.7 m · 2 fl. |
| 55008B0831/00K004 | Wallonia | 347 m² | 1 · 206 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteSoignies2.269.942.431
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 2,485 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684498217
Also
9925:BE0684498217
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.