EL MOUCH
ActiveSummary
EL MOUCH has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €267,243 and a net result of €38,943. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 12829 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 6.78 against 8.8 in 2024; short-term debt: 13.7% and cash: 13.2% of total assets), and 13.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
86.3%
Return on assets
12.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
22 d early
2021
59 d late
2020
12 d early
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€267,243▲ 3.9%
2024 · €257,300
Total assets
€309,728▲ 7.6%
2024 · €287,773
Net result
€38,943▼ 19.6%
2024 · €48,433
Working capital
€245,589▲ 3.3%
2024 · €237,659
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,379▲ 22.9%€42,571▼ 1.9%€42,329▼ 0.6%€70,574▲ 66.7%€56,899▼ 19.4%
Net result€29,514within the sector's middle half▼ 0.1%€30,224within the sector's middle half▲ 2.4%€29,410within the sector's middle half▼ 2.7%€48,433within the sector's middle half▲ 64.7%€38,943within the sector's middle half▼ 19.6%
Equity€149,233within the sector's middle half▲ 24.7%€179,457within the sector's middle half▲ 20.3%€208,867within the sector's middle half▲ 16.4%€257,300above the sector's middle half▲ 23.2%€267,243above the sector's middle half▲ 3.9%
Total assets€182,818within the sector's middle half▲ 15.8%€203,030within the sector's middle half▲ 11.1%€219,844within the sector's middle half▲ 8.3%€287,773within the sector's middle half▲ 30.9%€309,728within the sector's middle half▲ 7.6%
Debt€33,585▼ 11.9%€23,573▼ 29.8%€10,977▼ 53.4%€30,473▲ 178%€42,485▲ 39.4%
Working capital€145,283within the sector's middle half▲ 27.5%€176,904above the sector's middle half▲ 21.8%€186,639above the sector's middle half▲ 5.5%€237,659above the sector's middle half▲ 27.3%€245,589above the sector's middle half▲ 3.3%
Solvency81.6%above the sector's middle half▲ 5.8pp88.4%above the sector's middle half▲ 6.8pp95.0%above the sector's middle half▲ 6.6pp89.4%above the sector's middle half▼ 5.6pp86.3%above the sector's middle half▼ 3.1pp
Current ratio5.33above the sector's middle half▲ 1.348.50above the sector's middle half▲ 3.1818.00above the sector's middle half▲ 9.508.80above the sector's middle half▼ 9.206.78above the sector's middle half▼ 2.02
Return on assets (ROA)16.1%within the sector's middle half▼ 2.6pp14.9%within the sector's middle half▼ 1.3pp13.4%within the sector's middle half▼ 1.5pp16.8%within the sector's middle half▲ 3.5pp12.6%within the sector's middle half▼ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309,728
Fixed assets
€21,654 ▲ 10.2%
Current assets
€288,074 ▲ 7.4%
Equity and liabilities €309,728
Equity
€267,243 ▲ 3.9%
Debt
€42,485 ▲ 39.4%
Debt's share of the balance-sheet total rises from 10.6% to 13.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,986▼
2024 · €73,161
Cash flow
€41,030▼
2024 · €51,020
Debt to equity
0.16▲
2024 · 0.12
ROE
14.6%▼
2024 · 18.8%
Interest coverage
189.67▼
2024 · 625.31
Debt ≤ 1 year
€42,485▲
2024 · €30,473
Income taxes
€17,645▼
2024 · €22,024
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 31,370 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,827 | €1,397 | €4,013 | €2,587 | €2,087 | ▼ 19.3% |
| Other operating charges640/8 | €355 | €347 | €486 | €508 | €874 | ▲ 72.0% |
| Gross operating margin9900 | €45,561 | €44,315 | €46,828 | €73,669 | €59,860 | ▼ 18.7% |
| Operating profit (loss)9901 | €43,379 | €42,571 | €42,329 | €70,574 | €56,899 | ▼ 19.4% |
| Financial income75/76B | - | €1,620 | €1,308 | - | - | - |
| Recurring financial income75 | - | €1,620 | €1,308 | - | - | - |
| Financial charges65/66B | €147 | €106 | €101 | €117 | €311 | ▲ 166% |
| Recurring financial charges65 | €147 | €106 | €101 | €117 | €311 | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €43,232 | €44,085 | €43,536 | €70,457 | €56,588 | ▼ 19.7% |
| Income taxes67/77 | €13,718 | €13,861 | €14,126 | €22,024 | €17,645 | ▼ 19.9% |
| Profit (loss) for the period9904 | €29,514 | €30,224 | €29,410 | €48,433 | €38,943 | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €29,514 | €30,224 | €29,410 | €48,433 | €38,943 | ▼ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,818 | €203,030 | €219,844 | €287,773 | €309,728 | ▲ 7.6% |
| Fixed assets21/28 | €3,950 | €2,553 | €22,228 | €19,641 | €21,654 | ▲ 10.2% |
| Tangible fixed assets22/27 | €3,950 | €2,553 | €22,228 | €19,641 | €21,654 | ▲ 10.2% |
| Land and buildings22 | - | - | €18,257 | €17,406 | €16,555 | ▼ 4.9% |
| Furniture and vehicles24 | - | - | €2,814 | €2,084 | €5,099 | ▲ 145% |
| Other tangible fixed assets26 | €3,950 | €2,553 | €1,157 | €151 | - | - |
| Current assets29/58 | €178,868 | €200,477 | €197,616 | €268,132 | €288,074 | ▲ 7.4% |
| Amounts receivable within one year40/41 | €12,573 | €82,475 | €37,936 | €175,411 | €151,159 | ▼ 13.8% |
| Trade receivables40 | €12,504 | €6,984 | €11,687 | €6,241 | €4,235 | ▼ 32.1% |
| Other amounts receivable41 | €69 | €75,491 | €26,249 | €169,170 | €146,924 | ▼ 13.2% |
| Current investments50/53 | - | €11,200 | - | - | €95,341 | - |
| Cash at bank and in hand54/58 | €165,675 | €106,802 | €159,680 | €92,721 | €40,928 | ▼ 55.9% |
| Deferred charges and accrued income490/1 | €620 | - | - | - | €646 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,818 | €203,030 | €219,844 | €287,773 | €309,728 | ▲ 7.6% |
| Equity10/15 | €149,233 | €179,457 | €208,867 | €257,300 | €267,243 | ▲ 3.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €40,000 | €68,000 | €97,000 | €145,000 | €154,000 | ▲ 6.2% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Tax-exempt reserves132 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Distributable reserves133 | €29,000 | €57,000 | €88,000 | €136,000 | €145,000 | ▲ 6.6% |
| Profit (loss) carried forward14 | €89,233 | €91,457 | €91,867 | €92,300 | €93,243 | ▲ 1.0% |
| Amounts payable17/49 | €33,585 | €23,573 | €10,977 | €30,473 | €42,485 | ▲ 39.4% |
| Amounts payable within one year42/48 | €33,585 | €23,573 | €10,977 | €30,473 | €42,485 | ▲ 39.4% |
| Trade debts44 | - | €380 | - | €467 | €674 | ▲ 44.3% |
| Suppliers440/4 | - | €380 | - | €467 | €674 | ▲ 44.3% |
| Taxes, remuneration and social security45 | €24,985 | €20,168 | €7,952 | €22,079 | €34,812 | ▲ 57.7% |
| Taxes450/3 | €12,209 | €12,903 | €7,560 | €19,404 | €22,354 | ▲ 15.2% |
| Remuneration and social security454/9 | €12,776 | €7,265 | €392 | €2,675 | €12,458 | ▲ 366% |
| Other amounts payable47/48 | €8,600 | €3,025 | €3,025 | €7,927 | €6,999 | ▼ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,514 | €30,224 | €29,410 | €48,433 | €38,943 | ▼ 19.6% |
| + Depreciation and write-downs630 | €1,827 | €1,397 | €4,013 | €2,587 | €2,087 | ▼ 19.3% |
| Operating cash flow (approximation) | €31,341 | €31,621 | €33,423 | €51,020 | €41,030 | ▼ 19.6% |
| Investment in fixed assets (approximation) | - | €0 | -€23,688 | €0 | -€4,100 | - |
| Change in cash | - | -€58,873 | €52,878 | -€66,959 | -€51,793 | ▲ 22.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €48,433 ▲64.7%
Operating result €70,574, net result €48,433, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 18.00
Current ratio from 8.50 to 18.00; short-term debt falls from €23,573 to €10,977.
31-12
Financial
Equity above €200,000Eq €208,867 ▲16.4%
6 profitable years in a row build equity to €208,867.
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €179,457 ▲20.3%
5 profitable years in a row build equity to €179,457.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €119,719 ▲23.7%
3 profitable years in a row build equity to €119,719.
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
Show earlier events
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
13-07
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.
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, Sint-Jans-Molenbeek · 3 establishment units since 2004
Ground area
3,188 m²
Building footprint
782 m²
Volume, LiDAR
7,323 m³
3 parcels, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
EL MOUCH
since 20042.166.940.705
Vanderstichelenstraat 40, 1080 Sint-Jans-Molenbeek
since 20202.339.859.437
Vandenboogaerdestraat 10/12, 1080 Sint-Jans-Molenbeek
since 20232.344.000.347
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0078/00K017 | Brussels | 2,443 m² | 1 · 83 m² | 18.5 m · 5 fl. |
| 21012A0125/00B006 | Brussels | 439 m² | 1 · 441 m² | 17.9 m · 2 fl. |
| 21012A0125/00X006 | Brussels | 306 m² | 1 · 259 m² | 18.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,165 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863544379
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.