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MOUSTIC

Active
Private limited company·Activiteiten van reclamebureaus· 5 yrs active
Chemin Futvoie 8c ·4900 Spa, Belgium
KBO/BCE: BE 0770.533.653
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age5 yrs
Staff (FTE)7.6

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MOUSTIC is 1.9% (moderate). The 2024 annual accounts show negative equity (€-16k) and a net result of €82k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 9% of 2542 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2542 sector peers (2024).
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 02-06-2025 59 d early 2025-00113295
31-12-2023 31-07-2024 31-05-2024 61 d early 2024-00106913
31-12-2022 31-07-2023 13-06-2023 48 d early 2023-00126863

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€82k
Working capital€-63k+63.0%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 02-06-2025 with the NBB · fiscal year 2024 · micro
€-100k€-50k€0€50k€100kOperating result 2022: €-32k€-32kNet result 2022: €-36k€-36kOperating result 2023: €-69k€-69kNet result 2023: €-72k€-72kOperating result 2024: €87k€87kNet result 2024: €82k€82k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Net result: growth of ~82.1%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-100k€0€100k€200k€300k2025: €141k (€134k - €147k)2026: €199k (€193k - €206k)2027: €258k (€252k - €265k)2022: €-36k2023: €-72k2024: €82k202220232024202520262027
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 2024 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -6.9% 56.2%
better than 9% of 2542 sector peers
Net result €82k €19k
better than 88% of 2544 sector peers
Equity €-16k €43k
better than 5% of 2542 sector peers
Gross operating margin €522k €37k
better than 95% of 2541 sector peers
Staff costs €394k €14k
higher than 95% of 375 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P9
2022: P9 · n=14712023: P6 · n=21192024: P9 · n=25422022 2024
Stable position over 2022-2024 · n=1471-2542
Net result P88
2022: P5 · n=14712023: P5 · n=21222024: P88 · n=25442022 2024
Improving position over 2022-2024 · n=1471-2544
Equity P5
2022: P5 · n=14712023: P5 · n=21212024: P5 · n=25422022 2024
Stable position over 2022-2024 · n=1471-2542
Gross operating margin P95
2022: P95 · n=14702023: P95 · n=21202024: P95 · n=25412022 2024
Stable position over 2022-2024 · n=1470-2541
Describes the position versus peers, not a forecast.
EBITDA
€117k
- 22-24
Net profit
€82k
- 22-24
Cash flow
€112k
- 22-24
Total assets
€235k
-4.4% 22-24
Equity
€-16k
+83.5% 22-24
Working capital
€-63k
+63.0% 22-24
Employees (FTE)
8
+2.7% 22-24
Staff costs
€394k
+3.4% 22-24
Income taxes
€4k
+348.4% 22-24
Debt
€251k
-26.9% 22-24
Debt ≤ 1y
€251k
-26.9% 22-24
Debt > 1y
€6k
- 22-24
Current ratio
0.75
+48.5% 22-24
Quick ratio
0.75
+48.5% 22-24
Solvency
-6.9%
+82.7% 22-24
Debt / equity
-15.55
-342.7% 22-24
ROE
-505.5%
- 22-24
ROA
34.7%
- 22-24
Interest coverage
72.15
- 22-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€117k
Net profit€82k
Cash flow€112k
Staff costs€394k
Income taxes€4k
Dividends-
Total assets€235k
Equity€-16k
Debt€251k
of which ≤ 1y€251k
of which > 1y-
Working capital€-63k
Employees (FTE)7.6
Ratios (computed)
2024
Current ratio0.75
Quick ratio0.75
Working capital ratio-26.8%
Solvency-6.9%
Debt / equity-15.55
Long-term debt ratio-
Interest coverage72.15
Gross margin-
Net margin-
ROA34.7%
ROE-505.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€235k
Fixed assets 21/28€47k
Intangible fixed assets 21€30k
Tangible fixed assets 22/27€15k
Financial fixed assets 28€2k
Current assets 29/58€188k
Amounts receivable within one year 40/41€106k
Investments 50/53€150
Cash & bank 54/58€67k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€235k
Equity 10/15€-16k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€-26k
Amounts payable 17/49€251k
Amounts payable within one year 42/48€251k
Trade debts payable within one year 44€28k
Income statement
Gross operating margin 9900€522k
Operating result 9901€87k
Financial income 75€284
Financial charges 65€2k
Result before taxes 9903€86k
Income taxes 67/77€4k
Net result for the period 9904€82k
Result to be appropriated 9905€82k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
21 / 100 Critical
050100
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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
MOUSTIC
Chemin Futvoie 8, 4900 SpaActiviteiten van reclamebureaus
since 20212.320.281.669
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,478 m²
Buildings2
Building footprint213 m²
Volume (LiDAR)626 m³
Tallest building6.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63072H0585/00F000 Wallonia 785 m² 1 · 80 m² -
63072H0586/00C002 Wallonia 693 m² 1 · 134 m² 6.8 m · 2 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health21Profitability0Solvency39Growth78Stability94
46 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 0
Solvency 39
Growth 78
Stability 94

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 839 of the 9,836 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Reclamebureaus73110Activiteiten van reclamebureaus73110Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300
Primary activity highlighted.
Names & trade names
Legal nameFR MOUSTIC
Registered office
Chemin Futvoie 8c
4900 Spa, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.