Checked.be
Active
BE 0476.397.979Private limited company
DE MUNCK
Yzerhand(BEV) 28 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 24 yrs active
Sector: Wholesale of electrical household appliances and audio-video equipment
(46431)
Conclusion
DE MUNCK has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €943k and a net result of €154k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €943k |
| Net result | €154k |
| Staff (FTE) | 8.1 |
| Better than sector | 62% |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
72
Profitability
82
Solvency
93
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 24 years in business.
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
72
/ 100
Healthy
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
€70k
estimate, not credit advice
Score history
93
2021
100
2022
100
2023
100
2024
72
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.79 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.23 (≥ 1.0)
+5
Leverage
Debt/equity 0.77 (< 1.0)
+10
Profitability
ROE 16% (≥ 10%)
+10
Interest coverage
Interest coverage -153210.2× (< 1.5×)
-10
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 19-05-2026 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.
growing
Net result: growth of ~9.3%/year over 5 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 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.5% | 44.7% | |
| Net result | €154k | €31k | |
| Equity | €943k | €398k | |
| Gross operating margin | €718k | €211k | |
| Staff costs | €421k | €189k |
€274k
-30.8%
21-25
€154k
-32.3%
21-25
€234k
-25.6%
21-25
€1.67M
-3.1%
21-25
€943k
-28.5%
21-25
€544k
-36.8%
21-25
8
+9.5%
21-25
€421k
+10.6%
21-25
€70k
-32.3%
21-25
€531k
+308.5%
21-25
€722k
+81.1%
21-25
€686k
+94.4%
21-25
€37k
-20.3%
21-25
1.79
-47.9%
21-25
1.23
-49.9%
21-25
56.5%
-26.2%
21-25
0.77
+153.4%
21-25
16.4%
-5.2%
21-25
9.2%
-30.1%
21-25
-153210.24
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €274k | €397k | €371k | €283k | €250k |
| Net profit | €154k | €228k | €213k | €174k | €156k |
| Cash flow | €234k | €315k | €299k | €237k | €220k |
| Staff costs | €421k | €381k | €387k | €369k | €376k |
| Income taxes | €70k | €103k | €97k | €69k | €67k |
| Dividends | €531k | €130k | €135k | €100k | €80k |
| Total assets | €1.67M | €1.72M | €1.66M | €1.57M | €1.48M |
| Equity | €943k | €1.32M | €1.22M | €1.14M | €1.07M |
| Debt | €722k | €399k | €427k | €423k | €405k |
| of which ≤ 1y | €686k | €353k | €363k | €337k | €293k |
| of which > 1y | €37k | €46k | €64k | €86k | €111k |
| Working capital | €544k | €861k | €715k | €618k | €640k |
| Employees (FTE) | 8.1 | 7.4 | 7.5 | 8.0 | 9.5 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.79 | 3.44 | 2.97 | 2.83 | 3.18 |
| Quick ratio | 1.23 | 2.46 | 2.09 | 1.94 | 2.21 |
| Working capital ratio | 32.6% | 50.0% | 43.2% | 39.3% | 43.1% |
| Solvency | 56.5% | 76.5% | 73.8% | 72.6% | 72.1% |
| Debt / equity | 0.77 | 0.30 | 0.35 | 0.37 | 0.38 |
| Long-term debt ratio | 0.04 | 0.03 | 0.05 | 0.08 | 0.10 |
| Interest coverage | -153210.24 | 127.87 | 82.79 | 63.07 | 33.03 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 9.2% | 13.2% | 12.9% | 11.1% | 10.5% |
| ROE | 16.4% | 17.3% | 17.5% | 15.2% | 14.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (28 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.67M | €1.72M | €1.66M | €1.57M | €1.48M |
| Fixed assets | 21/28 | €440k | €510k | €577k | €619k | €550k |
| Intangible fixed assets | 21 | €8k | €5k | €4k | €5k | €9k |
| Tangible fixed assets | 22/27 | €433k | €505k | €573k | €615k | €540k |
| Financial fixed assets | 28 | - | - | - | - | €2k |
| Current assets | 29/58 | €1.23M | €1.21M | €1.08M | €955k | €933k |
| Stocks & contracts in progress | 3 | €383k | €345k | €321k | €301k | €284k |
| Amounts receivable within one year | 40/41 | €101k | €11k | €11k | €10k | €62k |
| Investments | 50/53 | €620k | €635k | €480k | €229k | €375k |
| Cash & bank | 54/58 | €109k | €205k | €253k | €403k | €202k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.67M | €1.72M | €1.66M | €1.57M | €1.48M |
| Equity | 10/15 | €943k | €1.32M | €1.22M | €1.14M | €1.07M |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k | €25k |
| Reserves | 13 | €629k | €1.01M | €909k | €831k | €758k |
| Accumulated profits (losses) | 14 | €289k | €288k | €287k | €287k | €286k |
| Provisions & deferred taxes | 16 | €5k | €6k | €7k | €8k | €9k |
| Amounts payable | 17/49 | €722k | €399k | €427k | €423k | €405k |
| Amounts payable after one year | 17 | €37k | €46k | €64k | €86k | €111k |
| Amounts payable within one year | 42/48 | €686k | €353k | €363k | €337k | €293k |
| Trade debts payable within one year | 44 | €58k | €32k | €58k | €65k | €54k |
| Income statement | ||||||
| Gross operating margin | 9900 | €718k | €802k | €781k | €674k | €638k |
| Operating result | 9901 | €194k | €310k | €284k | €220k | €186k |
| Financial income | 75 | €29k | €23k | €29k | €27k | €44k |
| Financial charges | 65 | €-2 | €3k | €4k | €4k | €8k |
| Result before taxes | 9903 | €223k | €330k | €309k | €242k | €222k |
| Income taxes | 67/77 | €70k | €103k | €97k | €69k | €67k |
| Net result for the period | 9904 | €154k | €228k | €213k | €174k | €156k |
| Result to be appropriated | 9905 | €157k | €230k | €216k | €177k | €158k |
Legal Structure
| NACE primary | Wholesale of electrical household appliances and audio-video equipment(46431) |
| Legal form | Private limited company(610) |
| Incorporation | 30-11-2001 |
| Status | Active |
| Postal code | 9120 |
Establishment units
ELEKTRO EN KADO DE MUNCK
since 20012.100.473.929
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46003B0457/00T000 | Flanders | 2,432 m² | 1 · 447 m² | 11.3 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €154k ▼32.3%
Net result drops to €154k, the lowest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €228k ▲6.9%
Operating result €310k, net result €228k, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of electrical household appliances and audio-video equipment46431Retail sale of electrical household appliances4754052450General electrical installation work4321145310
Names & trade names
| Legal nameNL | DE MUNCK |
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