Active BE 0800.462.311Private limited company

THE M GROUP

Salvialaan 9 ·2520 Ranst, Belgium· 3 yrs active

Sector: Cafés en bars (56301)

Conclusion Checked

The computed 12-month bankruptcy probability of THE M GROUP is 4.3% (elevated). The 2025 annual accounts show equity of €37k and a net result of €21k. Its solvency ranks better than 73% of 1080 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€37k
Net result	€21k
Better than sector	73%
Active	3 yrs

Snowflake analysis 4 of 5 axes measured · computed by Checked

79 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 68

Profitability 100

Solvency 69

Growth -

Stability 79

Bankruptcy probability (12 mo) Checked model v1 · free

4.3% Elevated

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

68 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2025 · micro

Sector comparison

Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.2%	25.9%	better than 73% of 1080 sector peers
Net result	€21k	€7k	better than 68% of 1081 sector peers
Equity	€37k	€23k	better than 61% of 1083 sector peers
Gross operating margin	€45k	€64k	better than 41% of 1077 sector peers
Total assets	€72k	€109k	better than 36% of 1080 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€41k
Net profit	€21k
Cash flow	€32k
Staff costs	-
Income taxes	€9k
Dividends	-
Total assets	€72k
Equity	€37k
Debt	€35k
of which ≤ 1y	€35k
of which > 1y	-
Working capital	€-7k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.80
Quick ratio	0.80
Working capital ratio	-10.0%
Solvency	51.2%
Debt / equity	0.95
Long-term debt ratio	-
Interest coverage	81.55
Gross margin	-
Net margin	-
ROA	28.8%
ROE	56.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €44k · 61.2% Current assets €28k · 38.8%

Equity & liabilities

Equity €37k · 51.2% Debt €35k · 48.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€72k
Fixed assets	21/28	€44k
Intangible fixed assets	21	€3k
Tangible fixed assets	22/27	€40k
Current assets	29/58	€28k
Amounts receivable within one year	40/41	€561
Cash & bank	54/58	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€72k
Equity	10/15	€37k
Contributions / capital	10/11	€3k
Reserves	13	€34k
Amounts payable	17/49	€35k
Amounts payable within one year	42/48	€35k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€45k
Operating result	9901	€30k
Financial income	75	€120
Financial charges	65	€508
Result before taxes	9903	€30k
Income taxes	67/77	€9k
Net result for the period	9904	€21k
Result to be appropriated	9905	€21k

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

Geert Corsmit
Non-statutory director
State Gazette act 24083632 (03-06-2024)

Current
01-05-2024 → present

Former directors (2)

Florian Ceuppens
Director
State Gazette act 25094809 (24-07-2025)

Former
01-05-2024 → 31-08-2025
3 events
- 31-08-2025 Resigned· Director
- 01-05-2025 Appointed· Director
- 01-05-2024 Appointed· Non-statutory director
Michael Contamine
Director
State Gazette act 25011214 (23-01-2025)

Former
- → 01-09-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Cafés en bars(56301)
Legal form	Private limited company(610)
Incorporation	05-04-2023
Status	Active
Postal code	2520

Establishment units 1 location

Barmuda Ranst

Bistweg 11, 2520 RanstEetgelegenheden met volledige bediening

since 20232.343.641.447

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11010B0039/00B000	Flanders	9,894 m²	1 · 5,997 m²	5.8 m · 1 fl.
11035C0121/00E013	Flanders	927 m²	1 · 108 m²	8.1 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

31-10-2025

NBB filing Annual accounts filed

fiscal year 2025 · micro

24-07-2025

State Gazette act Director changes

23-01-2025

State Gazette act Director changes

2024

29-10-2024

NBB filing Annual accounts filed

fiscal year 2024 · micro

03-06-2024

State Gazette act Director changes

Belgisch Staatsblad, acts 3 acts

All acts · 3 updated 1 year ago

2025

24-07-2025 1 director appointed, 1 resigning Director changes

Florian Ceuppens, Bestuurder
Florian Ceuppens, Bestuurder

Original publication ↗

Technical details

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23-01-2025 Michael Contamine resigns as director Director changes

Michael Contamine, Bestuurder

Original publication ↗

Technical details

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2024

03-06-2024 2 directors appointed Director changes

Florian Ceuppens, Niet-statutair bestuurder
Geert Corsmit, Niet-statutair bestuurder

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Cafés en bars56301Cafés en bars56301

Primary activity highlighted.

Names & trade names

Legal nameNL

THE M GROUP

Registered office

Salvialaan 9

2520 Ranst, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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