Losses
-€1.0m in three years
Every financial year from 2022 to 2024 closed with a loss. 2022 was the heaviest.
AGENCE MULIER
Lifetime
17 annual accounts with figures on one time axis, 36 filings since 1989peak €1.1m (2021)
€355,100▼ 22.4%
lowest -€352,990 (2022)
-€305,237▲ €36,737
peak €3.9m (2021)
€2.5m▼ 10.9%
€6.4m▲ 39.5%
peak 6.2 FTE (2021)
-not published
Board4 names since 2019
2 directorsJeroen VERPLANCKE and 1 other
Documentsfilings and deeds
10-06-202551 days before the deadline
2024micro format
Gross margin from €457,819 to €355,100Loss of €305,237Debts from €4.6m to €6.4mInvestments €1.9mCash from €21,965 to €122,747
Key points
from the 2024 annual accountsDebts
€6.4m 72% of the balance sheet
Financial debts 10%Suppliers 14%Taxes and wages 1%Other 75%
Of this, €5.8m falls due within a year.
Investments
€1.9m 6.9 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 32.7% higher than in 2023.
Staff
4 FTE from 6.2 in 2021
Between 2021 and 2024, 35% of the full-time equivalents disappeared.
Filings
36 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€305,237
Lower net result than 95% of companies in real estate. Sector median €4,579 · 19,144 companies.
Checked score
54
Fair
Financially stronger than 23% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.2 percentage points vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 17-06-2025)
Liquidity: current ratio 0.10, cash €122,747
lowers risk
Size: total assets €9.0m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 48% of them on solvency, 14% on liquidity, 7% on profitability and 22% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as AGENCE MULIER has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AGENCE MULIER itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for AGENCE MULIER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €130,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.1 (0.18 in 2023), below 1. Short-term debt is 65.1% and cash 1.4% of total assets. 72% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€305,237
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
51 days early
2023
89 days early
2022
66 days early
2021
118 days early
2020
81 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 69 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435668570
Environmental permit granted
Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · De Panne
Merger proposal: MULIER INVEST takes over AGENCE MULIER
Gazette deed
New managing director and chair of the board
Jercen Verplancke appointed, Patrick Verplancke resigned · General meeting of 31-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| AGENCE MULIER De Panne | €9.0m | €355,100 | 28.0% | - |
| IMMO - GEST - INVEST Molenbeek-Saint-Jean | €11.0m | €353,852 | 52.3% | 3.6 |
| ISOLANO Boortmeerbeek | €8.1m | €291,757 | 12.6% | 1 |
| DE LINDE Sint-Pieters-Leeuw | €7.1m | €366,332 | 99.7% | 1 |
| MSI VASTGOED Houthalen-Helchteren | €7.7m | €282,633 | 71.9% | 1 |
| CENES Koksijde | €7.3m | €312,619 | 36.9% | 0 |
| BLUE OAK REAL ESTATE Deerlijk | €8.0m | €479,138 | 68.0% | 3.4 |
These companies have the same main activity as AGENCE MULIER: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €7.1m and €11m, founded between 1984 and 1993.
Official details
Source: KBO- Status
- Active since 28-10-1988Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2024
- Establishment units
- 2.040.980.8598660 De Panne, since 28-11-1988
- 2.226.905.4128660 De Panne, since 01-12-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2024
- ≈ €850,000estimated
- €9.0m▲ 20.5%
- Employeeson 31-12-2024
- 4▼ 20.0%
- Filing
- Filed on 10-06-2025
Insights on AGENCE MULIER
AGENCE MULIER files the micro format. That format states no turnover. The gross margin fell from €500,672 in 2007 to €355,100 in 2024.
The balance sheet grew most in 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about AGENCE MULIER
- What is the company number of AGENCE MULIER?
- The company number of AGENCE MULIER is 0435.668.570. The VAT number is the same number with BE in front: BE 0435.668.570.
- Where is AGENCE MULIER based?
- The registered office is at Dynastielaan 2, 8660 De Panne.Company details
- What does AGENCE MULIER do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of AGENCE MULIER?
- AGENCE MULIER is a public limited company (NV).
- When was AGENCE MULIER founded?
- AGENCE MULIER was founded on 28-10-1988.
- Is AGENCE MULIER still active?
- Yes, AGENCE MULIER is an active enterprise in the KBO register.
- How many employees does AGENCE MULIER have?
- AGENCE MULIER had an average of 4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does AGENCE MULIER fall under?
- In its 2024 annual accounts, AGENCE MULIER states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of AGENCE MULIER?
- The turnover in financial year 2024 is ≈ €850,000. This figure is estimated from the gross margin of €355,100 and 39 comparable companies (NACE 683). It probably lies between €510,000 and €1.1m.
- Is AGENCE MULIER profitable?
- In financial year 2024, AGENCE MULIER made a loss of €305,237.
- Where can I find the annual accounts of AGENCE MULIER?
- AGENCE MULIER filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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