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Totoro

Active
Private limited companyfounded 20242 yrs activeOntvoeringsplein 2, 2800 Mechelen, BelgiumKBO/BCE: BE 1007.782.587
Summary

The computed 12-month bankruptcy probability of Totoro is 7.2% (elevated). The 2025 annual accounts show negative equity (-€89,990) and a net result of -€114,990. Its solvency ranks better than 12% of 13874 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

What they do
Cafés and bars
NACE 56301Full-service restaurants NACE 56101Full-service restaurants NACE 56111
1 site
How big
€121,887total assets 2025
Staff
4.8 FTE
Equity
-€89,990
Loss
-€114,990
Turnover not published (abridged schema)
Financially healthy?
14 Critical Checked score 2025
Bankruptcy chance 12 m
7.2%
Who decides
Accounts on time1 of 3 deeds read
Why 14- Higher-failure-rate sector- Young company- Annual accounts: weaker financial profile- Negative equityLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
7.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13; short-term debt: 173.8% and cash: 13.8% of total assets), and equity is negative.
Credit check for your own amount and term

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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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-73.8%
Return on assets
-94.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Resignation: Mees Seppe (director)Director discharge · Power of…

Financials

Fiscal year 2025Total assets €121,887Loss -€114,990Solvency -73.8%Liquidity 0.13
Total assets
€121,887
2025
Net result
-€114,990
2025
Equity
-€89,990
2025
Staff (FTE)
4.8
2025

Financials · fiscal year 2025, micro schema

Trend over the years1 fiscal year

Turnover and EBIT margin not published: the micro schema does not require them.

Result and balance sheet2025
Balance-sheet composition
Assets €121,887
Fixed assets €94,214
Current assets €27,673
Equity and liabilities
Equity-€89,990
Debt€211,877
Equity is negative: debt (€211,877) exceeds the balance-sheet total (€121,887).
Key figures and ratios2025
Key figures and ratios
2025 value
EBITDA
-€80,863
Cash flow
-€90,300
Solvency
-73.8%
Current ratio
0.13
Quick ratio
0.10
ROA
-94.3%
Interest coverage
-8.57
Debt
€211,877
Debt ≤ 1 year
€211,877
Staff costs
€150,582
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 7.2% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,638 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.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€121,887
Fixed assets21/28€94,214
Intangible fixed assets21€17,811
Tangible fixed assets22/27€76,403
Plant, machinery and equipment23€14,238
Other tangible fixed assets26€62,165
Current assets29/58€27,673
Stocks and contracts in progress3€7,510
Stocks30/36€7,510
Amounts receivable within one year40/41€590
Other amounts receivable41€590
Cash at bank and in hand54/58€16,776
Deferred charges and accrued income490/1€2,797
Equity and liabilities
Total equity and liabilities10/49€121,887
Equity10/15-€89,990
Contributions10/11€25,000
Profit (loss) carried forward14-€114,990
Amounts payable17/49€211,877
Amounts payable within one year42/48€211,877
Trade debts44€25,246
Suppliers440/4€25,246
Taxes, remuneration and social security45€18,720
Taxes450/3€8,819
Remuneration and social security454/9€9,901
Other amounts payable47/48€167,911
Income statement Code2025
Remuneration, social security and pensions62€150,582
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,690
Other operating charges640/8€7,828
Gross operating margin9900€77,547
Operating profit (loss)9901-€105,554
Financial charges65/66B€9,437
Recurring financial charges65€9,437
Profit (loss) for the period before taxes9903-€114,990
Profit (loss) for the period9904-€114,990
Profit (loss) for the period to be appropriated9905-€114,990
Appropriation of the result
Profit (loss) to be appropriated9906-€114,990

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€150,582
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,690
Other operating charges640/8€7,828
Gross operating margin9900€77,547
Operating profit (loss)9901-€105,554
Financial charges65/66B€9,437
Recurring financial charges65€9,437
Profit (loss) for the period before taxes9903-€114,990
Profit (loss) for the period9904-€114,990
Profit (loss) for the period to be appropriated9905-€114,990
Line2025
Assets
Total assets20/58€121,887
Fixed assets21/28€94,214
Intangible fixed assets21€17,811
Tangible fixed assets22/27€76,403
Plant, machinery and equipment23€14,238
Other tangible fixed assets26€62,165
Current assets29/58€27,673
Stocks and contracts in progress3€7,510
Stocks30/36€7,510
Amounts receivable within one year40/41€590
Other amounts receivable41€590
Cash at bank and in hand54/58€16,776
Deferred charges and accrued income490/1€2,797
Equity and liabilities
Total equity and liabilities10/49€121,887
Equity10/15-€89,990
Contributions10/11€25,000
Profit (loss) carried forward14-€114,990
Amounts payable17/49€211,877
Amounts payable within one year42/48€211,877
Trade debts44€25,246
Suppliers440/4€25,246
Taxes, remuneration and social security45€18,720
Taxes450/3€8,819
Remuneration and social security454/9€9,901
Other amounts payable47/48€167,911
Line2025
Profit (loss) for the period9904-€114,990
+ Depreciation and write-downs630€24,690
Operating cash flow (approximation)-€90,300

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,991 companies in this sector we hold annual accounts for 4,899. See the whole sector

Board & ownership

Directors

Directors
no sitting director read yet, last change in 2025
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →

Mandate history

1 person since 2025, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MEES Seppe
  • Director, until 31-12-2025
See the board, name and seat on a given date →

Timeline

2 eventsLatest 31-07-2026

History

Totoro was incorporated on 29 March 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
23-03
State Gazette act Resignation: Mees Seppe (director)
Director discharge · Power of attorney6 facts ▸
  • General meeting, 23/01/2026
  • Director resignation, Mees Seppe (director)
  • Director discharge, Mees Seppe
  • Power of attorney, Moore Finance & Tax BV
  • Power of attorney, Jera Tax Accountants BV
  • Power of attorney, Moore Finance & Tax BV
State Gazette actNBB filing
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Support & recognitions

2 registers with recognitionsFASFC 1 site
FASFC
1
authorised site
Work and economy
2
current recognitions
Recognitions · licences · registrations2

Food safety, FASFC

1 site
Mechelenunit no. 2.357.884.017
1 permission
Toelating · Eetgelegenheid · since 17-10-2024

Dual-learning approval

2 live approvals
Keukenmedewerker (vwo)
Goedgekeurd · 2026 to 2031
Keukenmedewerker duaal (so)
Goedgekeurd · 2026 to 2031

Company details

Private limited company · founded 29-03-2024Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded29-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007782587
Also 9925:BE1007782587
Registered 06-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
211 m²
Building footprint
210 m²
Volume, LiDAR
2,182 m³
Parcel 12402C0123/00D002, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Totoro
Ontvoeringsplein 2, 2800 MechelenFood and beverage service activities
since 2024unit no. 2.357.884.017
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12402C0123/00D002 Flanders 211 m² 1 · 210 m² 14.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

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