De Mul Management
ActiveSummary
De Mul Management has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203k and a net result of €-6k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 3480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+65
Solvency91▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 1.66 in 2024; short-term debt: 14% and cash: 42.4% of total assets), and 34.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-6k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
72 d early
2023
30 d early
2022
29 d late
2021
26 d late
2020
33 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€203k▼ 2.7%
2024 · €208k
2020: €81k
2021: €93k
2022: €388k
2023: €286k
2024: €208k
2020 → 2025
Total assets
€309k▲ 1.2%
2024 · €305k
2020: €145k
2021: €146k
2022: €467k
2023: €350k
2024: €305k
2020 → 2025
Net result
€-6k▲ 86.9%
2024 · €-42k
2020: €81k
2021: €12k
2022: €295k
2023: €198k
2024: €-42k
2020 → 2025
Working capital
€102k▲ 97.4%
2024 · €52k
2020: €60k
2021: €71k
2022: €349k
2023: €243k
2024: €52k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€388k▲ 317%€286k▼ 26.4%€208k▼ 27.1%€203k▼ 2.7%
Operating result€18k-€388k▲ 2,067%€261k▼ 32.7%€-43k€-5k▲ 87.6%
Net result€12k-€295k▲ 2,448%€198k▼ 33.1%€-42k€-6k▲ 86.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €43k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€164k ▼ 6.6%
Current assets
€145k ▲ 11.7%
Equity and liabilities €309k
Equity
€203k ▼ 2.7%
Debt
€106k ▲ 9.4%
Debt's share of the balance-sheet total rises from 31.7% to 34.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17k▲
2024 · €-21k
Cash flow
€17k▲
2024 · €-21k
Current ratio
3.35▲
2024 · 1.66
Debt to equity
0.52▲
2024 · 0.46
ROE
-2.7%▲
2024 · -20.4%
ROA
-1.8%▲
2024 · -13.9%
Interest coverage
24.39▲
2024 · -26.38
Debt ≤ 1 year
€43k▼
2024 · €78k
Debt > 1 year
€63k▲
2024 · €18k
Income taxes
€304▲
2024 · €232
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€305k€309k▲
Fixed assets21/28€175k€164k▼
Tangible fixed assets22/27€55k€43k▼
Furniture and vehicles24€38k€20k▼
Other tangible fixed assets26€18k€23k▲
Financial fixed assets28€120k€120k▲
Current assets29/58€130k€145k▲
Amounts receivable within one year40/41€31k€7k▼
Other amounts receivable41€31k€7k▼
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€89k€131k▲
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€305k€309k▲
Equity10/15€208k€203k▼
Contributions10/11€100€100=
Reserves13€208k€203k▼
Distributable reserves133€208k€203k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€97k€106k▲
Amounts payable after more than one year17€18k€63k▲
Financial debts170/4€18k€3k▼
Other amounts payable178/9-€60k
Amounts payable within one year42/48€78k€43k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Financial debts43€1k€267▼
Credit institutions430/8€1k€267▼
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Advances received on contracts in progress46€16k€16k=
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€37k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-19k€18k▲
Operating profit (loss)9901€-43k€-5k▲
Financial income75/76B€1k€719▼
Recurring financial income75€1k€719▼
Financial charges65/66B€790€688▼
Recurring financial charges65€790€688▼
Profit (loss) for the period before taxes9903€-42k€-5k▲
Income taxes67/77€232€304▲
Profit (loss) for the period9904€-42k€-6k▲
Profit (loss) for the period to be appropriated9905€-42k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-6k▲
Transfer from equity791/2€77k€6k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€35k€0▼
Return on contributions (dividend)694€35k€0▼
The notes to these accounts (12 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.35
Current ratio from 1.66 to 3.35; short-term debt falls from €78k to €43k.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2020net €295k ▲2,448%
Operating result €388k, net result €295k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 12.85
Current ratio from 3.62 to 12.85.
31-12
Financial
Equity above €200kEq €388k ▲317%
3 profitable years in a row build equity to €388k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Kapellen · 1 establishment unit since 2019
Ground area
3,712 m²
Building footprint
233 m²
Volume, LiDAR
1,455 m³
Parcel 11023I0180/00F030, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Mul Management
since 20192.291.706.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0180/00F030 | Flanders | 3,712 m² | 1 · 233 m² | 10.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 886 companies in sector 74991 we hold annual accounts for 317. 221 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74991Agents and managers of artists, athletes and other public figures
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.