Checked.be
Active
BE 0778.743.021Private limited company
Mains
Steenweg op Mechelen 455 ·1950 Kraainem, Belgium· 4 yrs active
Sector: Retail sale of bread and pastry (bakery outlets)
(47241)
Conclusion
The computed 12-month bankruptcy probability of Mains is 3.9% (moderate). The 2025 annual accounts show negative equity (€-53k) and a net result of €-15k. Equity is shrinking by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 9984 sector peers (fiscal year 2025). 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 4 annual accounts.
Key figures
| Equity | €-53k |
| Net result | €-15k |
| Staff (FTE) | 29.9 |
| Better than sector | 11% |
Financial profile
64
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
30
Profitability
100
Solvency
38
Growth
58
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust 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.
Checked score
30
/ 100
Weak
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.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
15
2022
7
2023
21
2024
30
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.73 (< 1.0)
-10
Equity
Negative equity
-25
Profitability
ROE 28% (≥ 10%)
+10
Interest coverage
Interest coverage 5.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~81% of the level (threshold 35%). We therefore deliberately show no projection line.
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 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -3.9% | 37.6% | |
| Net result | €-15k | €30k | |
| Equity | €-53k | €260k | |
| Gross operating margin | €1.54M | €227k | |
| Staff costs | €1.38M | €158k |
€134k
+164.2%
22-25
€-15k
-
22-25
€112k
+176.5%
22-25
€1.36M
+121.5%
22-25
€-53k
-46.2%
22-25
€-120k
-105.4%
22-25
30
+74.9%
22-25
€1.38M
+84.6%
22-25
€1.41M
+117.4%
22-25
€440k
+97.3%
22-25
€972k
+127.8%
22-25
0.73
-1.5%
22-25
0.71
-0.4%
22-25
-3.9%
+34.0%
22-25
-26.72
-48.6%
22-25
27.8%
-
22-25
-1.1%
-
22-25
5.71
+18.5%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €134k | €51k | €-23k | €-20k |
| Net profit | €-15k | €8k | €-51k | €-26k |
| Cash flow | €112k | €41k | €-31k | €-22k |
| Staff costs | €1.38M | €750k | €263k | €2k |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €1.36M | €614k | €240k | €173k |
| Equity | €-53k | €-36k | €-42k | €-16k |
| Debt | €1.41M | €650k | €282k | €189k |
| of which ≤ 1y | €440k | €223k | €129k | €18k |
| of which > 1y | €972k | €427k | €153k | €170k |
| Working capital | €-120k | €-58k | €-56k | €-331 |
| Employees (FTE) | 29.9 | 17.1 | 6.2 | 0.3 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.73 | 0.74 | 0.56 | 0.98 |
| Quick ratio | 0.71 | 0.72 | 0.56 | 0.98 |
| Working capital ratio | -8.8% | -9.5% | -23.5% | -0.2% |
| Solvency | -3.9% | -5.9% | -17.5% | -9.0% |
| Debt / equity | -26.72 | -17.98 | -6.70 | -12.15 |
| Long-term debt ratio | -18.39 | -11.80 | -3.64 | -10.96 |
| Interest coverage | 5.71 | 4.82 | -3.04 | -15.76 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.1% | 1.3% | -21.1% | -14.8% |
| ROE | 27.8% | -21.8% | 120.5% | 165.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.36M | €614k | €240k | €173k |
| Fixed assets | 21/28 | €1.04M | €449k | €167k | €155k |
| Tangible fixed assets | 22/27 | €1.04M | €448k | €167k | €154k |
| Financial fixed assets | 28 | €433 | €433 | €433 | €433 |
| Current assets | 29/58 | €320k | €165k | €73k | €18k |
| Stocks & contracts in progress | 3 | €7k | €5k | - | - |
| Amounts receivable within one year | 40/41 | €70k | €64k | €37k | €12k |
| Cash & bank | 54/58 | €232k | €96k | €34k | €6k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.36M | €614k | €240k | €173k |
| Equity | 10/15 | €-53k | €-36k | €-42k | €-16k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k |
| Accumulated profits (losses) | 14 | €-83k | €-68k | €-76k | €-26k |
| Amounts payable | 17/49 | €1.41M | €650k | €282k | €189k |
| Amounts payable after one year | 17 | €972k | €427k | €153k | €170k |
| Amounts payable within one year | 42/48 | €440k | €223k | €129k | €18k |
| Trade debts payable within one year | 44 | €133k | €70k | €45k | €18k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.54M | €801k | €241k | €-17k |
| Operating result | 9901 | €7k | €18k | €-43k | €-24k |
| Financial income | 75 | €2k | €333 | - | - |
| Financial charges | 65 | €24k | €11k | €8k | €1k |
| Result before taxes | 9903 | €-15k | €8k | €-51k | €-26k |
| Net result for the period | 9904 | €-15k | €8k | €-51k | €-26k |
| Result to be appropriated | 9905 | €-15k | €8k | €-51k | €-26k |
Legal Structure
| NACE primary | Retail sale of bread and pastry (bakery outlets)(47241) |
| Legal form | Private limited company(610) |
| Incorporation | 16-12-2021 |
| Status | Active |
| Postal code | 1950 |
Establishment units
Steenweg op Mechelen 455/1, 1950 Kraainem
since 20212.325.470.278
Waterloosesteenweg 887, 1180 Ukkel
since 20222.329.594.758
Mains
since 20252.370.469.172
Real-estate footprint
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21363B0396/00T008 | Brussels | 136 m² | - | - |
| 21612C0150/00F000 | Brussels | 102 m² | 1 · 103 m² | 17.2 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Artisanal bread and fresh pastry making10712Retail sale of bread and pastry (bakery outlets)47241Retail sale of chocolate and confectionery47242
Names & trade names
| Legal nameNL | Mains |
Similar companies
BE CONSULT
BE 0564.964.820 · Kraainem
KREDES
BE 0458.985.885 · Kraainem
't Kruimeltje
BE 0466.827.445 · Sint-Jans-Molenbeek
AMIR
BE 0452.594.179 · Brussel
AMRAOUI
BE 0467.235.241 · Schaarbeek