MOGADOR
ActiveThe computed 12-month bankruptcy probability of MOGADOR is 2.5% (moderate). The 2025 annual accounts show equity of €317k and a net result of €45k. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 10253 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-8
Solvency90▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 2.33 in 2024; short-term debt: 34.8% and cash: 20.8% of total assets), and 34.8% of the assets are financed with debt.
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.2%
Return on assets
9.2%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
7 d early
2024
29 d late
2023
10 d early
2022
26 d early
2021
24 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€317k▲ 16.4%
2024 · €272k
2021: €69k
2022: €173k
2023: €203k
2024: €272k
2021 → 2025
Total assets
€485k▲ 7.9%
2024 · €450k
2021: €203k
2022: €279k
2023: €397k
2024: €450k
2021 → 2025
Net result
€45k▼ 35.8%
2024 · €69k
2021: €64k
2022: €104k
2023: €30k
2024: €69k
2021 → 2025
Working capital
€287k▲ 21.7%
2024 · €236k
2021: €48k
2022: €145k
2023: €155k
2024: €236k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€173k▲ 151%€203k▲ 17.2%€272k▲ 34.2%€317k▲ 16.4%
Operating result€71k-€144k▲ 104%€66k▼ 53.9%€91k▲ 36.7%€52k▼ 42.3%
Net result€64k-€104k▲ 62.5%€30k▼ 71.4%€69k▲ 133%€45k▼ 35.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €485k
Fixed assets
€29k▼ 18.8%
Current assets
€456k▲ 10.2%
Equity and liabilities €485k
Equity
€317k▲ 16.4%
Debt
€169k▼ 5.1%
The debt ratio falls from 39.5% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▼
2024 · €103k
Cash flow
€56k▼
2024 · €81k
Solvency
65.2%▲
2024 · 60.5%
Current ratio
2.70▲
2024 · 2.33
Quick ratio
2.68▲
2024 · 2.31
Debt / equity
0.53▼
2024 · 0.65
ROE
14.1%▼
2024 · 25.5%
ROA
9.2%▼
2024 · 15.4%
Interest coverage
7.99▼
2024 · 10.07
Debt
€169k▼
2024 · €178k
Debt ≤ 1 year
€169k▼
2024 · €178k
Income taxes
€24k▲
2024 · €19k
Staff costs
€406k▲
2024 · €404k
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€450k€485k▲
Fixed assets21/28€36k€29k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€32k€26k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€5k€8k▲
Other tangible fixed assets26€21k€14k▼
Current assets29/58€414k€456k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€180k€350k▲
Other amounts receivable41€180k€350k▲
Cash at bank and in hand54/58€230k€101k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€450k€485k▲
Equity10/15€272k€317k▲
Contributions10/11€5k€5k=
Outside capital11€5k€5k=
Other1109/19€5k€5k=
Profit (loss) carried forward14€267k€312k▲
Amounts payable17/49€178k€169k▼
Amounts payable within one year42/48€178k€169k▼
Trade debts44€122k€100k▼
Suppliers440/4€122k€100k▼
Taxes, remuneration and social security45€56k€69k▲
Taxes450/3€2k€6k▲
Remuneration and social security454/9€54k€63k▲
Income statement
Code20242025
Non-recurring operating income76A€8k-
Remuneration, social security and pensions62€404k€406k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€1k€9k▲
Gross operating margin9900€508k€479k▼
Operating profit (loss)9901€91k€52k▼
Financial income75/76B€8k€24k▲
Recurring financial income75€8k€18k▲
Non-recurring financial income76B€8k€6k▼
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€88k€69k▼
Income taxes67/77€19k€24k▲
Profit (loss) for the period9904€69k€45k▼
Profit (loss) for the period to be appropriated9905€69k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€267k€312k▲
Profit (loss) brought forward from the previous period14P€198k€267k▲
The notes to these accounts (7 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €30k ▼71.4%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €203k ▲17.2%
3 profitable years in a row build equity to €203k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €104k ▲62.5%
Operating result €144k, net result €104k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲151%
2 profitable years in a row build equity to €173k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2020
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.
Gallaitstraat 211030 SchaarbeekGround area
310 m²
Building footprint
166 m²
Volume, LiDAR
1,732 m³
Parcel 21910E0180/00F007, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MOGADOR
since 20202.304.542.628
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0180/00F007 | Brussels | 310 m² | 1 · 166 m² | 15.8 m · 4 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 siteSchaarbeek2.304.542.628
Similar companies · same sector, comparable size
AMBACHT BAKKERIJ JONAS VETS
BE 0455.622.163
Schilde · Eq €316k
QUATTRO
BE 0866.726.969
Asse · Eq €318k
SNOEPHUIS
BE 0431.468.173
Brasschaat · Eq €319k
BAKKERIJ BOSSUYT
BE 0470.485.830
Antwerpen · Eq €314k
LIEVAS INVEST
BE 0437.877.992
Aalter · Eq €314k
Of 2,406 companies in sector 47241 we hold annual accounts for 1,097. 711 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.