De Munnynck
ActiveDe Munnynck has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €65k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+97
Solvency83▼-11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 3.61 in 2024; short-term debt: 40% and cash: 31.1% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
57.9%
Return on assets
22.8%
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 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
87 d early
2023
27 d early
2022
27 d early
2021
25 d early
2020
18 d late
2019
21 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 5.5%
2024 · €155k
2018: €247k
2019: €265k
2020: €298k
2021: €324k
2022: €316k
2023: €251k
2024: €155k
2018 → 2025
Total assets
€283k▲ 25.8%
2024 · €225k
2018: €354k
2019: €341k
2020: €418k
2021: €427k
2022: €404k
2023: €463k
2024: €225k
2018 → 2025
Net result
€65k
2024 · €-96k
2018: €48k
2019: €18k
2020: €33k
2021: €38k
2022: €42k
2023: €93k
2024: €-96k
2018 → 2025
Working capital
€53k▼ 63.4%
2024 · €145k
2018: €241k
2019: €259k
2020: €287k
2021: €314k
2022: €302k
2023: €224k
2024: €145k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€324k-€316k▼ 2.5%€251k▼ 20.4%€155k▼ 38.2%€164k▲ 5.5%
Operating result€65k-€57k▼ 11.2%€131k▲ 129%€-62k€98k
Net result€38k-€42k▲ 11.4%€93k▲ 122%€-96k€65k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €98k after a loss of €62k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€117k▲ 388%
Current assets
€167k▼ 17.2%
Equity and liabilities €283k
Equity
€164k▲ 5.5%
Debt
€119k▲ 71.1%
The debt ratio rises from 31.0% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108k▲
2024 · €-49k
Cash flow
€75k▲
2024 · €-83k
Solvency
57.9%▼
2024 · 69.0%
Current ratio
1.47▼
2024 · 3.61
Quick ratio
1.47▼
2024 · 3.61
Debt / equity
0.73▲
2024 · 0.45
ROE
39.4%▲
2024 · -61.8%
ROA
22.8%▲
2024 · -42.6%
Interest coverage
15.75▲
2024 · -6.42
Debt
€119k▲
2024 · €70k
Debt ≤ 1 year
€113k▲
2024 · €56k
Debt > 1 year
€4k▼
2024 · €10k
Income taxes
€26k▲
2024 · €26k
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€225k€283k▲
Fixed assets21/28€24k€117k▲
Tangible fixed assets22/27€22k€21k▼
Furniture and vehicles24€15k€13k▼
Other tangible fixed assets26€7k€8k▲
Financial fixed assets28€2k€96k▲
Current assets29/58€201k€167k▼
Amounts receivable within one year40/41€29k€60k▲
Trade receivables40€28k€55k▲
Other amounts receivable41€1k€5k▲
Current investments50/53€838€843▲
Cash at bank and in hand54/58€154k€88k▼
Deferred charges and accrued income490/1€17k€18k▲
Equity and liabilities
Total equity and liabilities10/49€225k€283k▲
Equity10/15€155k€164k▲
Contributions10/11€6k€6k=
Reserves13€149k€158k▲
Distributable reserves133€149k€158k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€70k€119k▲
Amounts payable after more than one year17€10k€4k▼
Financial debts170/4€10k€4k▼
Amounts payable within one year42/48€56k€113k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€5k€8k▲
Credit institutions430/8€5k€8k▲
Trade debts44€19k€34k▲
Suppliers440/4€19k€34k▲
Taxes, remuneration and social security45€20k€26k▲
Taxes450/3€20k€26k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€5k€39k▲
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€0▼
Other operating charges640/8€189k€1k▼
Gross operating margin9900€145k€109k▼
Operating profit (loss)9901€-62k€98k▲
Financial income75/76B€0€43▲
Recurring financial income75€0€43▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€-70k€91k▲
Income taxes67/77€26k€26k▲
Profit (loss) for the period9904€-96k€65k▲
Profit (loss) for the period to be appropriated9905€-96k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-96k€65k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€96k€56k▼
Transfer to equity691/2€0€65k▲
To other reserves6921€0€65k▲
Profit to be distributed694/7€0€56k▲
Return on contributions (dividend)694€0€56k▲
The notes to these accounts (10 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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-96k ▼203%
Net result drops to €-96k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €93k ▲122%
Operating result €131k, net result €93k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2014
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.
Sleepbootstraat 79000 GentGround area
1,468 m²
Building footprint
890 m²
Volume, LiDAR
7,653 m³
2 parcels, Flanders · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DE MUNNYNCK SERVAAS
since 20142.232.668.992
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A0834/00D000 | Flanders | 1,044 m² | 1 · 540 m² | 17.1 m · 5 fl. |
| 44807G0923/00B000 | Flanders | 424 m² | 1 · 351 m² | 1.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,563. 5,226 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2001
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
71111Activities of building architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.