RED MULLET
ActiveSummary
The computed 12-month bankruptcy probability of RED MULLET is 11.2% (high). The 2024 annual accounts show equity of €66,702 and a net result of €44,981. Equity is growing by ~20.3% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+28
Solvency70▲+18
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
11.2%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 0.64 in 2023; short-term debt: 49.7% and cash: 34.3% of total assets), and 55.2% of the assets are financed with debt.
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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
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 23-06-2026, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
38 d early
2024
25 d late
2023
1 d early
2022
22 d late
2021
30 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 22 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€66,702▲ 188%
2023 · €23,161
Total assets
€148,963▲ 73.7%
2023 · €85,770
Net result
€44,981▲ 1,688%
2023 · €2,515
Working capital
€19,225
2023 · -€14,511
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€4,431--€1,605€2,828€54,824▲ 1,838%
Net result€4,172within the sector's middle half--€1,798within the sector's middle half€2,515within the sector's middle half€44,981above the sector's middle half▲ 1,688%
Equity€25,325within the sector's middle half-€22,086within the sector's middle half▼ 12.8%€23,161within the sector's middle half▲ 4.9%€66,702within the sector's middle half▲ 188%
Total assets€101,191within the sector's middle half-€94,349within the sector's middle half▼ 6.8%€85,770within the sector's middle half▼ 9.1%€148,963within the sector's middle half▲ 73.7%
Debt€75,867-€72,263▼ 4.8%€62,609▼ 13.4%€82,261▲ 31.4%
Working capital-€2,412within the sector's middle half--€12,718within the sector's middle half▼ 427%-€14,511within the sector's middle half▼ 14.1%€19,225within the sector's middle half
Solvency25.0%within the sector's middle half-23.4%within the sector's middle half▼ 1.6pp27.0%within the sector's middle half▲ 3.6pp44.8%within the sector's middle half▲ 17.8pp
Current ratio0.91within the sector's middle half-0.66within the sector's middle half▼ 0.260.64within the sector's middle half▼ 0.011.26within the sector's middle half▲ 0.62
Return on assets (ROA)4.1%within the sector's middle half--1.9%within the sector's middle half▼ 6.0pp2.9%within the sector's middle half▲ 4.8pp30.2%above the sector's middle half▲ 27.3pp
Staff (FTE)0.80.6▼ 25.0%
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,838% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,963
Fixed assets
€55,642 ▼ 6.5%
Current assets
€93,321 ▲ 256%
Equity and liabilities €148,963
Equity
€66,702 ▲ 188%
Debt
€82,261 ▲ 31.4%
Debt's share of the balance-sheet total falls from 73.0% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,895▲
2023 · €14,531
Cash flow
€57,052▲
2023 · €14,218
Quick ratio
1.22▲
2023 · 0.59
Debt to equity
1.23▼
2023 · 2.70
ROE
67.4%▲
2023 · 10.9%
Interest coverage
53.13▲
2023 · 8.29
Debt ≤ 1 year
€74,096▲
2023 · €40,741
Debt > 1 year
€8,165▼
2023 · €21,868
Income taxes
€11,797
Staff costs
€19,416▲
2023 · €14,979
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 11.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €14,979 | €19,416 | ▲ 29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,447 | €10,873 | €11,702 | €12,071 | ▲ 3.1% |
| Other operating charges640/8 | €633 | €519 | €747 | €504 | ▼ 32.4% |
| Gross operating margin9900 | €8,511 | €9,786 | €30,256 | €86,815 | ▲ 187% |
| Operating profit (loss)9901 | €4,431 | -€1,605 | €2,828 | €54,824 | ▲ 1,838% |
| Financial income75/76B | €546 | €1,484 | €1,441 | €3,213 | ▲ 123% |
| Recurring financial income75 | €546 | €1,484 | €1,441 | €3,213 | ▲ 123% |
| Financial charges65/66B | €804 | €1,677 | €1,754 | €1,259 | ▼ 28.2% |
| Recurring financial charges65 | €804 | €1,677 | €1,754 | €1,259 | ▼ 28.2% |
| Profit (loss) for the period before taxes9903 | €4,172 | -€1,798 | €2,515 | €56,778 | ▲ 2,157% |
| Income taxes67/77 | - | - | - | €11,797 | - |
| Profit (loss) for the period9904 | €4,172 | -€1,798 | €2,515 | €44,981 | ▲ 1,688% |
| Profit (loss) for the period to be appropriated9905 | €4,172 | -€1,798 | €2,515 | €44,981 | ▲ 1,688% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €101,191 | €94,349 | €85,770 | €148,963 | ▲ 73.7% |
| Fixed assets21/28 | €75,929 | €70,011 | €59,540 | €55,642 | ▼ 6.5% |
| Tangible fixed assets22/27 | €75,929 | €70,011 | €59,540 | €55,642 | ▼ 6.5% |
| Plant, machinery and equipment23 | €2,713 | €1,629 | €545 | - | - |
| Furniture and vehicles24 | €13,655 | €13,332 | €10,173 | €7,780 | ▼ 23.5% |
| Other tangible fixed assets26 | €59,560 | €55,051 | €48,822 | €47,862 | ▼ 2.0% |
| Current assets29/58 | €25,262 | €24,338 | €26,230 | €93,321 | ▲ 256% |
| Stocks and contracts in progress3 | €1,420 | €1,995 | €2,020 | €3,210 | ▲ 58.9% |
| Stocks30/36 | €1,420 | €1,995 | €2,020 | €3,210 | ▲ 58.9% |
| Amounts receivable within one year40/41 | €20,424 | €11,266 | €17,492 | €38,003 | ▲ 117% |
| Trade receivables40 | €8,055 | €11,069 | €17,376 | €37,840 | ▲ 118% |
| Other amounts receivable41 | €12,370 | €197 | €116 | €163 | ▲ 40.6% |
| Cash at bank and in hand54/58 | €3,301 | €10,555 | €5,919 | €51,155 | ▲ 764% |
| Deferred charges and accrued income490/1 | €117 | €521 | €798 | €953 | ▲ 19.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €101,191 | €94,349 | €85,770 | €148,963 | ▲ 73.7% |
| Equity10/15 | €25,325 | €22,086 | €23,161 | €66,702 | ▲ 188% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €4,172 | €2,375 | €4,890 | €49,871 | ▲ 920% |
| Investment grants15 | €11,152 | €9,712 | €8,271 | €6,831 | ▼ 17.4% |
| Amounts payable17/49 | €75,867 | €72,263 | €62,609 | €82,261 | ▲ 31.4% |
| Amounts payable after more than one year17 | €48,192 | €35,207 | €21,868 | €8,165 | ▼ 62.7% |
| Financial debts170/4 | €48,192 | €35,207 | €21,868 | €8,165 | ▼ 62.7% |
| Amounts payable within one year42/48 | €27,674 | €37,056 | €40,741 | €74,096 | ▲ 81.9% |
| Current portion of amounts payable after more than one year42 | €12,640 | €12,985 | €13,339 | €13,703 | ▲ 2.7% |
| Trade debts44 | €1,669 | €10,149 | €7,751 | €33,821 | ▲ 336% |
| Suppliers440/4 | €1,669 | €10,149 | €7,751 | €33,821 | ▲ 336% |
| Advances received on contracts in progress46 | €272 | €862 | - | - | - |
| Taxes, remuneration and social security45 | €4,666 | €4,484 | €10,029 | €25,991 | ▲ 159% |
| Taxes450/3 | €1,666 | €3,351 | €3,829 | €19,945 | ▲ 421% |
| Remuneration and social security454/9 | €3,000 | €1,133 | €6,200 | €6,046 | ▼ 2.5% |
| Other amounts payable47/48 | €8,427 | €8,576 | €9,621 | €582 | ▼ 94.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,172 | -€1,798 | €2,515 | €44,981 | ▲ 1,688% |
| + Depreciation and write-downs630 | €3,447 | €10,873 | €11,702 | €12,071 | ▲ 3.1% |
| Operating cash flow (approximation) | €7,620 | €9,075 | €14,218 | €57,052 | ▲ 301% |
| Investment in fixed assets (approximation) | - | -€4,955 | -€1,231 | -€8,172 | ▼ 564% |
| Change in cash | - | €7,255 | -€4,636 | €45,236 | ▲ 1,076% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2021net €44,981 ▲1,688%
Operating result €54,824, net result €44,981, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,515
Net result €2,515 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€1,798
Net result drops to -€1,798, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 3 establishment units since 2021
Ground area
1,499 m²
Building footprint
991 m²
Volume, LiDAR
23,151 m³
3 parcels, Brussels · tallest building 43.8 m, ±12 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Red Mullet
since 20212.316.994.062
Jean Robiestraat 13, 1060 Sint-Gillis (bij-Brussel)
since 20222.337.096.917
Mauvais Choix
since 20252.372.996.023
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0212/00V000 | Brussels | 1,256 m² | 1 · 822 m² | 43.8 m · 12 fl. |
| 21562A0183/00T015 | Brussels | 181 m² | 1 · 116 m² | 24.4 m · 7 fl. |
| 21447B0233/00X003 | Brussels | 61 m² | 1 · 53 m² | 14.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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
2 sitesElsene2.316.994.062
Elsene2.372.996.023
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Of 7,494 companies in this sector we hold annual accounts for 2,452. 2,061 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
46389Wholesale of other food products
47279Other retail sale of food
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Contact
Website
www.redmullet.be
E-mail
info@redmullet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767823690
Also
9925:BE0767823690
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.