M&E Gourmet
The computed 12-month bankruptcy probability of M&E Gourmet is 3.0% (moderate). The 2024 annual accounts show negative equity (€-48k) and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 18938 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-48k |
| Net result | €5k |
| Staff (FTE) | 2.9 |
| Better than sector | 5% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -663.8% | 29.1% | |
| Net result | €5k | €5k | |
| Equity | €-48k | €27k | |
| Gross operating margin | €62k | €60k | |
| Staff costs | €55k | €55k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | €-8k |
| Net profit | €5k | €-55k | €-1k | €-10k |
| Cash flow | - | - | - | €-8k |
| Staff costs | €55k | €26k | €6k | €4k |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €7k | €10k | €24k | €17k |
| Equity | €-48k | €-52k | €3k | €4k |
| Debt | €55k | €62k | €21k | €13k |
| of which ≤ 1y | €55k | €62k | €21k | €13k |
| of which > 1y | - | - | - | - |
| Working capital | €-51k | €-56k | €-711 | €463 |
| Employees (FTE) | 2.9 | 1.7 | 0.4 | 0.3 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.07 | 0.10 | 0.97 | 1.03 |
| Quick ratio | 0.07 | 0.10 | 0.97 | 0.24 |
| Working capital ratio | -713.8% | -569.8% | -2.9% | 2.7% |
| Solvency | -663.8% | -533.2% | 11.9% | 23.5% |
| Debt / equity | -1.15 | -1.19 | 7.38 | 3.26 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | -15.30 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 64.8% | -562.6% | -4.8% | -56.3% |
| ROE | -9.8% | 105.5% | -40.6% | -239.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (21 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €7k | €10k | €24k | €17k |
| Fixed assets | 21/28 | €4k | €4k | €4k | €4k |
| Financial fixed assets | 28 | €4k | €4k | €4k | €4k |
| Current assets | 29/58 | €4k | €6k | €21k | €14k |
| Stocks & contracts in progress | 3 | - | - | - | €11k |
| Amounts receivable within one year | 40/41 | €438 | €2k | €20k | €2k |
| Cash & bank | 54/58 | €3k | €4k | €144 | €2k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7k | €10k | €24k | €17k |
| Equity | 10/15 | €-48k | €-52k | €3k | €4k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Accumulated profits (losses) | 14 | €-68k | €-72k | €-17k | €-16k |
| Amounts payable | 17/49 | €55k | €62k | €21k | €13k |
| Amounts payable within one year | 42/48 | €55k | €62k | €21k | €13k |
| Trade debts payable within one year | 44 | €5k | €13k | €18k | €11k |
| Income statement | |||||
| Gross operating margin | 9900 | €62k | €-28k | €6k | €-3k |
| Operating result | 9901 | €5k | €-55k | €-571 | €-9k |
| Financial income | 75 | - | - | €2 | €104 |
| Financial charges | 65 | €146 | €481 | €605 | €493 |
| Result before taxes | 9903 | €5k | €-55k | €-1k | €-10k |
| Net result for the period | 9904 | €5k | €-55k | €-1k | €-10k |
| Result to be appropriated | 9905 | €5k | €-55k | €-1k | €-10k |
-
Etienne DemunterDirectorState Gazette act 24024902 (08-02-2024)Current27-12-2023 → present
-
FEDIUC AureliaDirectorState Gazette act 24024902 (08-02-2024)Current27-12-2023 → present
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 07-06-2016 |
| Status | Active |
| Postal code | 1600 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 21806F0336/00C004 | Brussels | 97 m² | 1 · 157 m² | 19.0 m · 5 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-04-2024 Registered office moved from Brussel to Bruxelles
- 1050 Brussel, Louizalaan 65/5 → 1000 Bruxelles, Avenue de la Renaissance 42
Technical details
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}08-02-2024 4 directors appointed
- FEDIUC Aurelia, Bestuurder
- Etienne Demunter, Bestuurder
- Bianca Bobeica, Dagelijks bestuur
- Bianca Bobeica, Dagelijks bestuur
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}02-08-2023 Transaction in capital or shares
Technical details
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}| Legal nameFR | M&E Gourmet |