MW Horeca
ActiveThe computed 12-month bankruptcy probability of MW Horeca is 2.1% (moderate). The 2024 annual accounts show equity of €31k and a net result of €486. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 2935 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▲+6
Solvency51▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.08 in 2023; short-term debt: 73.5% and cash: 27.7% of total assets), and 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
26%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
30 d early
2022
34 d early
2021
33 d early
2020
2 d late
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€31k▲ 1.6%
2023 · €31k
2018: €63k
2019: €76k
2021: €63k
2022: €36k
2023: €31k
2018 → 2024
Total assets
€119k▲ 18.4%
2023 · €101k
2018: €233k
2019: €222k
2021: €90k
2022: €111k
2023: €101k
2018 → 2024
Net result
€486
2023 · €-5k
2018: €27k
2019: €13k
2021: €17k
2022: €-28k
2023: €-5k
2018 → 2024
Working capital
€13k▲ 126%
2023 · €6k
2018: €105k
2019: €115k
2021: €45k
2022: €3k
2023: €6k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€76k-€63k▼ 16.8%€36k▼ 43.7%€31k▼ 14.1%€31k▲ 1.6%
Operating result€18k-€18k▲ 0.6%€-27k€-5k▲ 83.5%€1k
Net result€13k-€17k▲ 37.7%€-28k€-5k▲ 81.8%€486
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €119k
Fixed assets
€19k▼ 24.2%
Current assets
€100k▲ 32.4%
Equity and liabilities €119k
Equity
€31k▲ 1.6%
Debt
€88k▲ 25.7%
The debt ratio rises from 69.6% to 74.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▲
2023 · €3k
Cash flow
€7k▲
2023 · €3k
Solvency
26.0%▼
2023 · 30.4%
Current ratio
1.15▲
2023 · 1.08
Quick ratio
0.98▲
2023 · 0.88
Debt / equity
2.84▲
2023 · 2.29
ROE
1.6%▲
2023 · -16.4%
ROA
0.4%▲
2023 · -5.0%
Interest coverage
10.36▲
2023 · 6.78
Debt
€88k▲
2023 · €70k
Debt ≤ 1 year
€88k▲
2023 · €70k
Staff costs
€101k▼
2023 · €122k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€101k€119k▲
Fixed assets21/28€25k€19k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€23k€18k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€14k€11k▼
Current assets29/58€76k€100k▲
Stocks and contracts in progress3€14k€14k▲
Stocks30/36€14k€14k▲
Amounts receivable within one year40/41€43k€23k▼
Trade receivables40€28k€268▼
Other amounts receivable41€15k€23k▲
Cash at bank and in hand54/58€16k€33k▲
Deferred charges and accrued income490/1€3k€30k▲
Equity and liabilities
Total equity and liabilities10/49€101k€119k▲
Equity10/15€31k€31k▲
Contributions10/11€37k€37k=
Profit (loss) carried forward14€-7k€-6k▲
Amounts payable17/49€70k€88k▲
Amounts payable within one year42/48€70k€88k▲
Trade debts44€23k€4k▼
Suppliers440/4€23k€4k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€115€115▼
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€41k€78k▲
Accrued charges and deferred income492/3-€600
Income statement
Code20232024
Remuneration, social security and pensions62€122k€101k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€368€166▼
Gross operating margin9900€126k€108k▼
Operating profit (loss)9901€-5k€1k▲
Financial income75/76B€17€18▲
Recurring financial income75€17€18▲
Financial charges65/66B€498€722▲
Recurring financial charges65€498€722▲
Profit (loss) for the period before taxes9903€-5k€486▲
Profit (loss) for the period9904€-5k€486▲
Profit (loss) for the period to be appropriated9905€-5k€486▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-6k▲
Profit (loss) brought forward from the previous period14P€-2k€-7k▼
Social balance
Average headcount (FTE)90870.91.8▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €486
Net result €486 after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-28k ▼259%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Leuven · 2 establishment units since 2005
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.
Martelarenplein 73000 LeuvenGround area
820 m²
Building footprint
621 m²
Volume, LiDAR
6,700 m³
3 parcels, Flanders · tallest building 23.0 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Taverne Pinxtermolen
since 20052.146.834.880
Café De Zwaan
since 20162.246.889.093
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0106/00K003 | Flanders | 399 m² | 1 · 228 m² | 9.9 m · 1 fl. |
| 24502B0137/00Y002 | Flanders | 241 m² | 1 · 241 m² | 23.0 m · 6 fl. |
| 24066H0142/00F000 | Flanders | 180 m² | 1 · 152 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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).
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLeuven2.146.834.880
Lubbeek2.246.889.093
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,112 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-04-2005
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475/86.65.87