DO MUTATIO
ActiveSummary
DO MUTATIO has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,140 and a net result of €40,272. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 87% of 657 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €206,140
- Profit
- €40,272
- Holdings
- 1
- DUROY MurielDirector
- KOESTEL GillesDirector
Why 82raises riskSize: total assets €255,110Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)Liquidity: current ratio 3.03, cash €6,518, halvedlowers riskEquity €206,140 (80.8% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 16, micro): better than 90% on solvency, 39% on liquidity, 82% on profitability and 21% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 51 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- PurposePurpose change · Power of…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 97% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,693 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €461 | - | - | €634 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,510 | €11,540 | €8,432 | €8,952 | €8,761 | €11,921 | €43,967 | ▲ 269% |
| Other operating charges640/8 | - | - | - | €1,061 | €1,977 | €1,532 | €1,809 | ▲ 18.1% |
| Gross operating margin9900 | €58,940 | €52,134 | €23,946 | €98,836 | €40,428 | €26,986 | €72,396 | ▲ 168% |
| Operating profit (loss)9901 | €49,056 | €38,894 | €14,130 | €88,823 | €29,690 | €13,533 | €26,620 | ▲ 96.7% |
| Financial income75/76B | - | - | - | €25 | €7 | €1,004 | €21,650 | ▲ 22× |
| Recurring financial income75 | €7 | €6 | €62 | €25 | €7 | €1,004 | €21,650 | ▲ 22× |
| Financial charges65/66B | - | - | - | €834 | €743 | €1,040 | €822 | ▼ 20.9% |
| Recurring financial charges65 | €332 | €225 | €1,273 | €834 | €743 | €1,040 | €322 | ▼ 69.0% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €500 | - |
| Profit (loss) for the period before taxes9903 | €48,730 | €38,674 | €12,919 | €88,014 | €28,955 | €13,497 | €47,447 | ▲ 252% |
| Income taxes67/77 | €13,990 | €11,155 | €4,498 | €24,543 | €9,190 | €3,269 | €7,175 | ▲ 120% |
| Profit (loss) for the period9904 | €34,740 | €27,519 | €8,421 | €63,471 | €19,764 | €10,228 | €40,272 | ▲ 294% |
| Profit (loss) for the period to be appropriated9905 | €34,740 | €27,519 | €8,421 | €63,471 | €19,764 | €10,228 | €40,272 | ▲ 294% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €149,864 | €163,378 | €163,535 | €209,433 | €207,229 | €261,370 | €255,110 | ▼ 2.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €51,243 | €49,809 | €37,303 | €32,808 | €36,639 | €56,089 | €106,781 | ▲ 90.4% |
| Intangible fixed assets21 | €24,919 | €21,392 | €17,866 | €14,340 | €11,028 | €35,213 | €76,140 | ▲ 116% |
| Tangible fixed assets22/27 | €26,074 | €28,167 | €19,187 | €17,718 | €24,861 | €20,127 | €30,392 | ▲ 51.0% |
| Land and buildings22 | - | - | - | €11,788 | €11,056 | €10,324 | €9,592 | ▼ 7.1% |
| Plant, machinery and equipment23 | - | - | - | €2,890 | €1,578 | €266 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €2,680 | €12,047 | €9,536 | €20,800 | ▲ 118% |
| Leasing and similar rights25 | - | - | - | €359 | €179 | €0 | €0 | - |
| Other tangible fixed assets26 | - | - | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €250 | €250 | €250 | €750 | €750 | €750 | €250 | ▼ 66.7% |
| Current assets29/58 | €98,622 | €113,568 | €126,232 | €176,625 | €170,590 | €205,280 | €148,329 | ▼ 27.7% |
| Stocks and contracts in progress3 | €6,700 | €9,765 | €6,509 | €6,453 | €1,927 | €1,862 | €1,862 | = |
| Stocks30/36 | - | - | - | €6,453 | €1,927 | €1,862 | €1,862 | = |
| Amounts receivable within one year40/41 | €18,249 | €20,578 | €24,833 | €16,490 | €23,258 | €32,217 | €16,082 | ▼ 50.1% |
| Trade receivables40 | - | - | - | €16,433 | €16,448 | €22,883 | €14,937 | ▼ 34.7% |
| Other amounts receivable41 | - | - | - | €56 | €6,810 | €9,333 | €1,145 | ▼ 87.7% |
| Current investments50/53 | €10,006 | €10,006 | €10,002 | €9,994 | €9,993 | €140,079 | €118,472 | ▼ 15.4% |
| Cash at bank and in hand54/58 | €62,386 | €71,765 | €83,111 | €141,449 | €133,760 | €27,068 | €6,518 | ▼ 75.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,239 | €1,652 | €4,055 | €5,395 | ▲ 33.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €149,864 | €163,378 | €163,535 | €209,433 | €207,229 | €261,370 | €255,110 | ▼ 2.4% |
| Equity10/15 | €104,382 | €130,947 | €135,078 | €184,263 | €153,895 | €236,190 | €206,140 | ▼ 12.7% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €1 | €1 | €1 | = |
| Reserves13 | €36,740 | €64,240 | €72,660 | €136,130 | €153,894 | €163,143 | €153,675 | ▼ 5.8% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €134,130 | €153,894 | €163,143 | €153,675 | ▼ 5.8% |
| Profit (loss) carried forward14 | €47,642 | €46,707 | €42,418 | €28,133 | - | - | - | - |
| Investment grants15 | - | - | - | - | - | €73,046 | €52,464 | ▼ 28.2% |
| Amounts payable17/49 | €45,482 | €32,431 | €28,457 | €25,170 | €53,334 | €25,180 | €48,970 | ▲ 94.5% |
| Amounts payable after more than one year17 | €7,808 | €5,500 | €3,163 | €796 | - | - | - | - |
| Financial debts170/4 | - | - | - | €796 | - | - | - | - |
| Amounts payable within one year42/48 | €37,674 | €26,931 | €25,294 | €24,374 | €53,334 | €25,180 | €48,970 | ▲ 94.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,567 | - | - | - | - |
| Financial debts43 | - | - | - | - | €315 | - | - | - |
| Credit institutions430/8 | - | - | - | - | €315 | - | - | - |
| Trade debts44 | €2,598 | €3,439 | €5,959 | €2,861 | €2,749 | €14,973 | €158 | ▼ 98.9% |
| Suppliers440/4 | - | - | - | €2,861 | €2,749 | €14,973 | €158 | ▼ 98.9% |
| Taxes, remuneration and social security45 | - | - | - | €18,946 | €13,735 | €9,227 | €14,016 | ▲ 51.9% |
| Taxes450/3 | - | - | - | €18,946 | €13,735 | €9,227 | €14,016 | ▲ 51.9% |
| Other amounts payable47/48 | - | - | - | - | €36,535 | €980 | €34,796 | ▲ 36× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,740 | €27,519 | €8,421 | €63,471 | €19,764 | €10,228 | €40,272 | ▲ 294% |
| + Depreciation and write-downs630 | €8,510 | €11,540 | €8,432 | €8,952 | €8,761 | €11,921 | €43,967 | ▲ 269% |
| Operating cash flow (approximation) | €43,250 | €39,059 | €16,854 | €72,423 | €28,525 | €22,150 | €84,240 | ▲ 280% |
| Investment in fixed assets (approximation) | - | -€10,106 | €4,074 | -€4,456 | -€12,592 | -€31,372 | -€94,660 | ▼ 202% |
| Change in cash | - | €9,379 | €11,346 | €58,338 | -€7,689 | -€106,692 | -€20,550 | ▲ 80.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 19-12-2025 | 2025-00585711 |
| 30-06-2024 | micro format | 19-12-2024 | 2024-00619633 |
| 30-06-2023 | micro format | 16-11-2023 | 2023-00512122 |
| 30-06-2022 | micro format | 19-12-2022 | 2022-20539513 |
| 30-06-2021 | micro format | 03-01-2022 | 2022-00400361 |
| 30-06-2020 | micro format | 27-11-2020 | 2020-72400323 |
| 30-06-2019 | micro format | 03-12-2019 | 2019-75200003 |
| 30-06-2018 | micro format | 13-12-2018 | 2018-74200236 |
| 30-06-2017 | micro format | 07-12-2017 | 2017-71200200 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DUROY Muriel |
|
| KOESTEL Gilles |
|
Owners and capital
Capital and shareholders
- 20-06-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
12.5%
According to the annual accounts to 30-06-2024 of DO MUTATIO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
25-02
Gazette deed
PurposePurpose change · Power of attorney3 facts ▸
- General meeting, 14-02-2025
- Purpose change
- Power of attorney
20-06
Gazette deed
Resignation: DUROY Muriel (director)Appointments: DUROY Muriel (director) and KOESTEL Gilles (alternate director) · Registered office clause · Director discharge12 facts ▸
- Registered office clause, “5100 Namur,rue Marcel Lecomte,253, dispositions transitoires” (deed in French)
- Director resignation, DUROY Muriel (director)
- Director discharge, DUROY Muriel (director)
- Director appointment, DUROY Muriel (director)
- Director appointment, KOESTEL Gilles (alternate director)
- Power of attorney
- General meeting, 09-06-2023
- Legal form clause, “adoptée à l'unanimité des voix, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Purpose change
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Kind of shares, “même classe”, 160 (deed in French)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92135A0180/00S000 | Wallonia | 1,465 m² | 1 · 107 m² | 10.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La société peut réaliser son objet et tout ce qui s'y rattache directement ou indirectement en Belgique et à l'étranger,de toutes manières…” (deed in French)
9 activities (deed in French)
- La société peut réaliser son objet et tout ce qui s'y rattache directement ou indirectement en Belgique et à l'étranger,de toutes manières et suivant les modalités qui lui paraîtront les mieux appropriées : elle pourra notamment conclure tous accords,passer tous contrats,mener toutes négociations.
- Elle peut notamment et sans que l'énumération suivante soit limitative,acquérir,prendre ou donner à bail,aliéner tous biens meubles ou immeubles,fonds de commerce,brevets,concessions,licences et marques de fabrique,donner caution,et s'intéresser par voie d'association,d'apport,de fusion,de souscription,de participation,d'intervention financières ou de toute autre manière dans toutes sociétés ou entreprises existantes ou à créer dont l'objet est analogue,connexe ou complémentaire au sien,ou qui sont de nature à favoriser le développement de son entreprise,ou qui seraient utiles à la réalisation de tout ou partie de son objet.
- La société peut exercer la ou les fonctions d'administrateur,d'intérim manager,de gérant ou de liquidateur ou des mandats d'administrateur indépendant.
- L'achat,la vente,la location,l'échange,la consignation,l'importation,l'exportation,le courtage,le transport,l'entreposage,la transformation et la mise en œuvre de tous systèmes constructifs en bois,terrasses et espaces d'agrément pour le jardin,végétaux destinés à la plantation,bois de charpente,de menuiserie,d'ébénisterie,de grumes,agglomérés de bois,métaux et alliages ferreux et non ferreux à l'état brut,semi-finis,ouvrés ou assemblés à d'autres matériaux formant avec ceux-ci des éléments ou ensembles destinés à la construction,au parachèvement,à l'aménagement,à la décoration ou l'ameublement d'immeubles de toutes natures ;
- La réalisation,en Belgique ou à l'étranger,pour son compte ou pour compte d'autrui de toutes études de travaux,installations,constructions et entreprises tant dans le domaine public que privé,ainsi que toutes activités connexes et opérations similaires. Cela comprend notamment et sans que cette énumération soit limitative,l'établissement de tous projets et avant-projets,l'organisation de tous programmes de travaux,toutes études de développement ;
- La gestion,le management,l'administration,la consultance,les études,la formation et le contrôle,la coordination et l'exécution pour son compte propre ou pour compte de tiers du secteur privé ou public,par elle-même ou par sous-traitants,de toutes opérations généralement quelconques relevant directement ou indirectement de l'accompagnement stratégique,de la responsabilité sociétale,de la Qualité,l'accompagnement d'entreprise et sa gouvernance mais aussi en matière de protection de l'environnement,de développement durable,de lutte contre le changement climatique,de protection des sols et des eaux,d'assainissement et de dépollution et toutes matières relatives à l'agronomie mais aussi dans le domaine de l'énergétique humaine,du coaching et développement personnel.
- La réalisation de toutes opérations économiques,industrielles,mobilières,immobilières,financières ou de représentation ayant un rapport quelconque avec cet objet.
- L'ingénierie,la recherche et le bureau d'études,dans le domaine agronomique et sylvicole ;
- La production,la culture et la vente de plantes,arbres et arbustes,la recherche et le développement de nouvelles variétés de plante,la prestation de service de conseil et de consultation en matière d'aménagement paysager,d'horticulture,la participation à des projets de conservation de la nature et de restauration des écosystèmes ;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DO MUTATIO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que ce déplacement n'entraine pas de modification du régime linguistique” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, 1” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of October at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, aux conditions énoncées par la loi” (deed in French)