M&J · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of M&J is 2.0% (moderate). The 2024 annual accounts show equity of €53k and a net result of €7k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 6720 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 91% of 6720 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 17 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	22-07-2025	9 d early	2025-00292365
31-12-2023	31-07-2024	27-06-2024	34 d early	2024-00170245
31-12-2022	31-07-2023	29-08-2023	29 d late	2023-00364868

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, 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

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€7k-62.6%

Working capital€42k+17.7%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 22-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~26.8%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	75.6%	20.4%	better than 91% of 6720 sector peers
Net result	€7k	€4k	better than 56% of 6701 sector peers
Equity	€53k	€16k	better than 74% of 6735 sector peers
Gross operating margin	€21k	€24k	better than 47% of 6680 sector peers
Staff costs	€2k	€33k	higher than 13% of 3047 sector peers

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

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P91

Improving position over 2022-2024 · n=4415-6720

Net result P56

Weakening position over 2022-2024 · n=4399-6701

Equity P74

Stable position over 2022-2024 · n=4424-6735

Gross operating margin P47

Weakening position over 2022-2024 · n=4389-6680

Describes the position versus peers, not a forecast.

EBITDA

€18k

-47.3% 22-24

Net profit

€7k

-62.6% 22-24

Cash flow

€12k

-48.0% 22-24

Total assets

€71k

-9.3% 22-24

Equity

€53k

+14.6% 22-24

Working capital

€42k

+17.7% 22-24

Staff costs

€2k

- 22-24

Income taxes

€3k

-68.3% 22-24

Show 9 other metrics

Debt

€17k

-44.9% 22-24

Debt ≤ 1y

€17k

-44.9% 22-24

Current ratio

3.42

+60.2% 22-24

Quick ratio

1.69

+52.7% 22-24

Solvency

75.6%

+26.3% 22-24

Debt / equity

0.32

-51.9% 22-24

ROE

12.7%

-67.4% 22-24

ROA

9.6%

-58.8% 22-24

Interest coverage

4.19

-65.1% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€18k
Net profit	€7k
Cash flow	€12k
Staff costs	€2k
Income taxes	€3k
Dividends	-
Total assets	€71k
Equity	€53k
Debt	€17k
of which ≤ 1y	€17k
of which > 1y	-
Working capital	€42k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	3.42
Quick ratio	1.69
Working capital ratio	58.9%
Solvency	75.6%
Debt / equity	0.32
Long-term debt ratio	-
Interest coverage	4.19
Gross margin	-
Net margin	-
ROA	9.6%
ROE	12.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €11k · 16.1% Current assets €59k · 83.9%

Equity & liabilities

Equity €53k · 75.6% Debt €17k · 24.4%

Full annual accounts (25 line items)

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€71k
Fixed assets	21/28	€11k
Formation expenses	20	€513
Intangible fixed assets	21	€700
Tangible fixed assets	22/27	€10k
Financial fixed assets	28	€200
Current assets	29/58	€59k
Stocks & contracts in progress	3	€30k
Amounts receivable within one year	40/41	€17k
Cash & bank	54/58	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€71k
Equity	10/15	€53k
Contributions / capital	10/11	€1k
Reserves	13	€52k
Amounts payable	17/49	€17k
Amounts payable within one year	42/48	€17k
Trade debts payable within one year	44	€14k
Income statement
Gross operating margin	9900	€21k
Operating result	9901	€13k
Financial income	75	€915
Financial charges	65	€4k
Result before taxes	9903	€10k
Income taxes	67/77	€3k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Former directors (1)

Singh Maninder
Director
State Gazette act 24167189 (26-11-2024)

Former
- → 15-09-2024

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.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Detailhandel in kranten en andere tijdschriften(47621)
Legal form	Private limited company(610)
Incorporation	13-12-2021
Status	Active
Postal code	8301

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Marktstraat 328301 Knokke-Heist

Establishment units

1 location

Duinenstraat 1, 8301 Knokke-Heist

Detailhandel in chocolade en suikerwerk

since 20212.326.353.572

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

Parcels2

Ground area230 m²

Buildings2

Building footprint194 m²

Volume (LiDAR)3,149 m³

Tallest building24.3 m · ±7 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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%)