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THE MART

Active
Private limited companyfounded 1984active for 42 yearsGentsestraat 2, 8530 Harelbeke, BelgiumKBO/BCE: BE 0425.878.894
Summary

The computed 12-month bankruptcy probability of THE MART is 1.6% (moderate). The 2025 annual accounts show negative equity (-€190,602) and a net result of -€28,030. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 5% of 16,290 sector peers (NACE 56, financial year 2025). The company has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Full-service restaurants
NACE 56111
#2 oldest company in Harelbeke, Accommodation and food service sector1 site
Size
€81,603total assets 2025
Staff
4.7 FTE
Equity
-€190,602
Loss
-€28,030
Turnover not published (abbreviated or micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Structure
Accounts 18 days early0 of 5 deeds read
Why 54raises riskSector: Food and beverage service activities (NACE 56)Negative equity -€190,602Loss of €28,030 (financial year 2025)lowers riskSize: total assets €81,603Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 33% of its sector peers (NACE 56, micro)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -233.6% of total assets
Liquidity 86-5
short-term debt 32.3% · cash 57.7%
Profitability 0-86
return on assets -34.3%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,718 companies, NACE 56, micro)
Last 24 months 11-2024: 1.8%highest value 12-2024: 1.8%● unchanged vs 11-2024highest value 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.7%▼ -0.1 percentage points vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.6%▼ -0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.2 percentage points vs 06-2025 08-2025: 0.6%▼ -1.2 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026lowest value 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.6%▲ +0.9 percentage points vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026
No credit on open account
Liquidity ample (current ratio 2.52, compared with 3.15 in 2024; short-term debt: 32.3% and cash: 57.7% of total assets), but equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 9% on solvency, 88% on liquidity, 8% on profitability and 26% on growth.

The bankruptcy probability was computed on 11-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Negative equity -€190,602
NBB · annual accounts
raises risk · Loss of €28,030 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €81,603
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€190,602
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
9 days early
2023
13 days early
2022
49 days early
2021
48 days early
2020
46 days early
2019
52 days 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 34 days before the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€28,030
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€190,602 View
  • Caution: Among the weakest 5% on equitysector median €29,218 · 16,320 companies -€190,602 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Total assets
€81,603
Loss
-€28,030
Solvency
-233.6%
Total assets▼ 26.1%
Net result
20182025
Go to Financials

Timeline

Events
45
Since
1986
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 18-07-2024Annual accounts filed
  3. 12-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
18-06-1984
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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