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PLAZA MG

Active
Private limited companyfounded 2008active for 18 yearsZeelaan 73, 8660 De Panne, BelgiumKBO/BCE: BE 0895.726.605
Summary

PLAZA MG has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,048 and a net result of -€24,237. Equity has been shrinking by about 2.6% per year since 2019. Its solvency ranks better than 59% of 17,001 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Official details

Source: KBO
Status
Active since 14-02-2008 Normal situation
Activity
Limited-service restaurants, excluding mobile food services NACE 56112and 4 others
Establishment unit
2.170.041.933 8660 De Panne, since 01-04-2008
Financial year end
30 September
Peppol
Reachable since 03-04-2026

Board and ownership

Board

Financial position

64 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Annual accounts to 30-09-2025
Gross margin
-€1,583
Loss
€24,237
Equity
€26,048
▼ 48.2%
Total assets
€65,495
▼ 35.8%
Turnover not published (micro format)
Score breakdownraises risk1 change of registered office in 24 monthsSector: Food and beverage service activities (NACE 56)Loss of €24,237 (financial year 2025)lowers riskLiquidity: current ratio 1.39, cash €27,706Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 42% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Average
Solvency 65-9
equity 39.8% of total assets
Liquidity 83-6
short-term debt 37.3% · cash 42.3%
Profitability 0-72
return on assets -37.0%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,779 companies, NACE 56, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%▲ +0.3 percentage points vs 04-2025 06-2025: 0.2%▼ -0.6 percentage points vs 05-2025lowest value 07-2025: 0.5%▲ +0.3 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.6%▲ +0.1 percentage points vs 12-2025 02-2026: 0.7%▲ +0.1 percentage points vs 01-2026 03-2026: 0.6%▼ -0.1 percentage points vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 1.4%▲ +0.7 percentage points vs 04-2026highest value 06-2026: 1.4%● unchanged vs 05-2026highest value 07-2026: 1.4%● unchanged vs 06-2026highest value 08-2026: 1.4%● unchanged vs 07-2026highest value 09-2026: 1.4%● unchanged vs 08-2026highest value 10-2026: 1.4%● unchanged vs 09-2026highest value 11-2026: 1.4%● unchanged vs 10-2026highest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.39 (2.25 in 2024), below the usual 1.5. Short-term debt is 37.3% and cash 42.3% of total assets. 60.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 59% of them on solvency, 86% on liquidity, 8% on profitability and 15% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Loss of €24,237 (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.39, cash €27,706
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 days early
2021
2 days early
2020
on the day
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 89% of companies in food and beverage servicesector median €4,882 · 16,979 companies -€24,237 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Registered office moved from Koksijde to De PanneNew seat: Zeelaan 73, 8660 De Panne · Previous seat: Alice Nahonsquare(Odk) 12, 8670 Koksijde
  2. · Gazette deed Change of role: GEVERS Jurgen, from manager to director
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as PLAZA MG: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €56,600 and €76,900, founded between 2005 and 2009.

CompanyTotal assetsGross margin
PLAZA MG De Panne€65,495-€1,583
LA CORNE D'OR Mons€68,064-€1,836
SINT SIMON Vorselaar€70,141-€1,038
MSG CONSTRUCT Linter€76,090-€40,591
CAMEMBIERE Antwerpen€57,039-€2,795
Silan 47 Bekkevoort€76,937-€1,012
RADIUS Antwerpen€56,572-€28,789
Full comparison

Key facts about PLAZA MG

What is the company number of PLAZA MG?
The company number of PLAZA MG is 0895.726.605. The VAT number is the same number with BE in front: BE 0895.726.605.
Where is PLAZA MG based?
The registered office is at Zeelaan 73, 8660 De Panne.Company details
What does PLAZA MG do?
According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of PLAZA MG?
The legal form of PLAZA MG is Private limited company (BV).
When was PLAZA MG founded?
PLAZA MG was founded on 14-02-2008.
Is PLAZA MG still active?
Yes, PLAZA MG is an active enterprise in the KBO register.
What is the turnover of PLAZA MG?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is PLAZA MG profitable?
In financial year 2025, PLAZA MG made a loss of €24,237.
Where can I find the annual accounts of PLAZA MG?
PLAZA MG filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of PLAZA MG due?
PLAZA MG must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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