THE MEXICAN
ActiveThe computed 12-month bankruptcy probability of THE MEXICAN is 1.8% (moderate). The 2025 annual accounts show negative equity (€-35k) and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 13240 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+12
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.16 in 2024; short-term debt: 126.6% and cash: 9.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 2025Solvency, return and age of the figures
Solvency
-96.7%
Return on assets
15.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 13240 sector peers (2025).
NBB · sector comparisonPosition among 13240 sector peers
Solvency
better than 10%
← weakest
strongest →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
6 d late
2023
48 d early
2022
4 d late
2021
3 d late
2020
32 d early
2019
48 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-35k▲ 13.6%
2024 · €-40k
2018: €8k
2019: €-10k
2020: €9k
2021: €28k
2022: €13k
2023: €-44k
2024: €-40k
2018 → 2025
Total assets
€36k▼ 16.6%
2024 · €43k
2018: €150k
2019: €93k
2020: €102k
2021: €108k
2022: €90k
2023: €48k
2024: €43k
2018 → 2025
Net result
€5k▲ 31.1%
2024 · €4k
2018: €-34k
2019: €-18k
2020: €19k
2021: €19k
2022: €-15k
2023: €-58k
2024: €4k
2018 → 2025
Working capital
€-41k▲ 16.7%
2024 · €-49k
2018: €-61k
2019: €-45k
2020: €-13k
2021: €20k
2022: €7k
2023: €-53k
2024: €-49k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€13k▼ 53.1%€-44k€-40k▲ 9.4%€-35k▲ 13.6%
Operating result€23k-€-12k€-53k▼ 337%€9k€10k▲ 3.7%
Net result€19k-€-15k€-58k▼ 286%€4k€5k▲ 31.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€31k▼ 7.5%
Current assets
€5k▼ 50.3%
Key figures and ratios
EBITDA
€13k▼
2024 · €13k
Cash flow
€9k▲
2024 · €8k
Solvency
-96.7%▼
2024 · -93.4%
Current ratio
0.10▼
2024 · 0.16
Quick ratio
0.08▼
2024 · 0.14
Debt / equity
-2.03▲
2024 · -2.07
ROA
15.3%▲
2024 · 9.7%
Interest coverage
3.24▲
2024 · 2.63
Debt
€71k▼
2024 · €83k
Debt ≤ 1 year
€45k▼
2024 · €58k
Debt > 1 year
€25k=
2024 · €25k
Income taxes
€245▼
2024 · €255
Staff costs
€28k▼
2024 · €34k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€43k€36k▼
Fixed assets21/28€34k€31k▼
Tangible fixed assets22/27€33k€30k▼
Plant, machinery and equipment23€890€0▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€32k€30k▼
Financial fixed assets28€572€1k▲
Current assets29/58€9k€5k▼
Stocks and contracts in progress3€786€737▼
Stocks30/36€786€737▼
Amounts receivable within one year40/41€3k-
Trade receivables40€3k-
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€1k€475▼
Equity and liabilities
Total equity and liabilities10/49€43k€36k▼
Equity10/15€-40k€-35k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-61k€-55k▲
Amounts payable17/49€83k€71k▼
Amounts payable after more than one year17€25k€25k=
Financial debts170/4€25k€25k=
Amounts payable within one year42/48€58k€45k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€23k€21k▼
Suppliers440/4€23k€21k▼
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€16k€11k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€13k€11k▼
Accrued charges and deferred income492/3-€153
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€34k€28k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€51k€48k▼
Operating profit (loss)9901€9k€10k▲
Financial income75/76B€90€109▲
Recurring financial income75€90€109▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€4k€6k▲
Income taxes67/77€255€245▼
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-55k▲
Profit (loss) brought forward from the previous period14P€-65k€-61k▲
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Highest result since 2018net €19k ▲4.1%
Net result €19k, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 142 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 · 1 establishment unit since 2002
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.
Tiensestraat 213000 LeuvenGround area
101 m²
Building footprint
76 m²
Volume, LiDAR
806 m³
Parcel 24502B0768/00D000, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
THE MEXICAN
since 20022.114.545.461
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0768/00D000 | Flanders | 101 m² | 1 · 76 m² | 19.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
1 siteLeuven2.114.545.461
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 7,831 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-08-2002
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55302
55522
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.