Equity
-€15,544
Debts exceed assets in financial year 2025.
MOUSTIC
Overview
Lifetime
4 annual accounts with figures on one time axispeak €522,264 (2024)
€320,450▼ 38.6%
lowest -€71,762 (2023)
€618▼ 99.2%
peak -€15,544 (2025)
-€15,544▲ €618
€194,439▼ 22.6%
Board1 name since 2021
1 director
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from €522,264 to €320,450Result from €81,695 to €618Debts from €251,319 to €194,439Cash from €66,571 to €9,001
Key points
from the 2025 annual accountsResult
€618 ▼ 99.2%
The result fell in 2025 from €81,695 to €618.
Turnover
≈ €620,000 estimated
The micro format states no turnover.
Debts
€194,439 109% of the balance sheet
Suppliers 54%Taxes and wages 16%Other 30%
Staff
5.4 FTE from 7.6 in 2024
Between 2024 and 2025, 29% of the full-time equivalents disappeared.
Position in the sector
-€15,544
Less equity than 91% of companies in advertising and market research. Sector median €59,342 · 9,131 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 907 companies had the same profile as MOUSTIC has now. Each dot stands for 3 companies, two years later.
89.3%
were still trading
4.2%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 907 companies, not a prediction for MOUSTIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770533653
Incorporation
Founding capital of €10,000, 100 shares · Founder: (requérant) · Appointment: (director) · published on 02-07-2021 · Gazette deed
First establishment
Chemin Futvoie 8, Spa
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MOUSTIC Spa | €178,895 | €320,450 | -8.7% | - |
| MERKADO Antwerp | €154,999 | €358,335 | 44.5% | - |
| Redstone Advertising Herent | €158,290 | €249,087 | 53.3% | - |
| HET LABO Herentals | €155,117 | €264,158 | 27.5% | - |
| AVESTA PRODUCTIONS Aalst | €159,699 | €226,887 | 8.7% | - |
| MEDELLIN REC Roosdaal | €237,363 | €244,840 | 35.7% | - |
| QUICK LEADS MARKETING Essen | €208,484 | €210,244 | 57.2% | - |
These companies have the same main activity as MOUSTIC: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €155,000 and €237,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 30-06-2021Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.320.281.6694900 Spa, since 30-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 06-07-2021
Annual accounts 2025
- €320,450▼ 38.6%
- €618▼ 99.2%
- -€15,544▲ 3.8%
- €178,895▼ 23.9%
- Employeeson 31-12-2025
- 5▼ 16.7%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on MOUSTIC
MOUSTIC files the micro format. That format states no turnover. The gross margin rose from €288,209 in 2022 to €320,450 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadline€320,450
▼ 38.6%
€6,145
▼ 92.9%
€618
▼ 99.2%
-€48,108
▲ €14,939
-8.7%
▼ 1.8 percentage points
0.75
▲ 0.00
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €620,000. Estimated: probably between €430,000 and €800,000.
Balance sheet
balance sheet total €178,895 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-8.7%
Higher than 11% of 9,122 companies in 2025.
0.75
Higher than 17% of 8,760 companies in 2025.
0.3%
Higher than 27% of 8,888 companies in 2025.
MOUSTIC
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€53,986
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, nobody joined and 1 person left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
178,895 | 235,157 | 245,904 | 307,290 | |
21/28 |
32,563 | 46,885 | 72,522 | 100,642 | |
21 |
28,550 | 30,313 | 37,456 | 44,599 | |
22/27 |
3,811 | 14,869 | 33,363 | 55,090 | |
23 |
1,277 | 2,952 | 6,508 | 10,887 | |
24 |
2,534 | 11,916 | 16,005 | 18,353 | |
25 |
- | - | 10,849 | 25,849 | |
28 |
203 | 1,703 | 1,703 | 953 | |
29/58 |
146,331 | 188,272 | 173,382 | 206,648 | |
40/41 |
128,049 | 105,850 | 128,801 | 126,237 | |
40 |
121,597 | 102,736 | 126,455 | 125,696 | |
41 |
6,452 | 3,114 | 2,346 | 541 | |
50/53 |
150 | 150 | 150 | 150 | |
54/58 |
9,001 | 66,571 | 26,115 | 62,436 | |
490/1 |
9,132 | 15,701 | 18,316 | 17,825 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
178,895 | 235,157 | 245,904 | 307,290 | |
10/15 |
-15,544 | -16,162 | -97,857 | -26,095 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
14 |
-25,544 | -26,162 | -107,857 | -36,095 | |
17/49 |
194,439 | 251,319 | 343,760 | 333,384 | |
17 |
- | - | - | 5,674 | |
170/4 |
- | - | - | 5,674 | |
42/48 |
194,439 | 251,319 | 343,760 | 327,210 | |
42 |
- | - | 5,674 | 6,213 | |
44 |
104,492 | 27,699 | 23,403 | 14,390 | |
440/4 |
104,492 | 27,699 | 23,403 | 14,390 | |
46 |
- | - | 60 | - | |
45 |
31,875 | 73,838 | 90,642 | 43,312 | |
450/3 |
5,578 | 32,902 | 44,674 | 13,416 | |
454/9 |
26,297 | 40,936 | 45,968 | 29,896 | |
47/48 |
58,072 | 149,782 | 223,982 | 263,295 | |
492/3 |
- | - | - | 500 | |
| Income statement | |||||
9900 |
320,450 | 522,264 | 355,907 | 288,209 | |
62 |
291,523 | 394,233 | 381,434 | 297,761 | |
630 |
18,771 | 30,134 | 36,155 | 18,931 | |
640/8 |
4,010 | 10,951 | 4,467 | 3,786 | |
66A |
- | - | 2,508 | - | |
9901 |
6,145 | 86,947 | -68,659 | -32,268 | |
75/76B |
40 | 284 | 9 | 48 | |
75 |
40 | 284 | 9 | 48 | |
65/66B |
1,286 | 1,623 | 2,240 | 2,995 | |
65 |
1,286 | 1,623 | 2,240 | 2,995 | |
9903 |
4,899 | 85,608 | -70,889 | -35,216 | |
67/77 |
4,281 | 3,913 | 873 | 879 | |
9904 |
618 | 81,695 | -71,762 | -36,095 | |
9905 |
618 | 81,695 | -71,762 | -36,095 | |
| Appropriation of the result | |||||
9906 |
-25,544 | -26,162 | -107,857 | -36,095 | |
14P |
-26,162 | -107,857 | -36,095 | - | |
| Social balance sheet | |||||
9087 |
5.4 | 7.6 | 7.4 | 6.8 | |
Hours worked1013 |
9,071 | 12,542 | 11,522 | 11,099 | |
| Document | |||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 24,917 | 117,081 | -32,503 | -13,338 | ||
| 19,389 | 111,829 | -35,606 | -17,164 | ||
| 5,950 | 12,910 | 10,544 | 119,572 | ||
| -57,571 | 40,456 | -36,321 | - | ||
| -48,108 | -63,047 | -170,378 | -120,563 | ||
| -8.7% | -6.9% | -39.8% | -8.5% | ||
| 0.75 | 0.75 | 0.50 | 0.63 | ||
| 0.3% | 34.7% | -29.2% | -11.7% | ||
| 19.37 | 72.15 | -14.51 | -4.45 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 6 | 10 | 11 |
| full-time | 5 | 6 | 10 | 11 |
| in full-time equivalents | 5 | 6 | 10 | 11 |
| 5.4 | 7.6 | 7.4 | 6.8 | |
| On a permanent contract | 5 | 5 | 8 | 7 |
| Joined | 0 | 1 | 5 | 8 |
| Left | 1 | 5 | 2 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €12,910 | €9,794 | €68,619 |
| Intangible fixed assets | €5,950 | - | - | €50,000 |
| Financial fixed assets | - | - | €750 | €953 |
| €18,771 | €30,134 | €36,155 | €18,931 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MOUSTIC
The operating result for 2025 is 93% lower than in 2024.
Equity is negative. Debt (€194,439) exceeds the balance-sheet total (€178,895).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles), permanent representative
appointed by deed of 02-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 02-07-2021
Permanent representatives 1
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 30-06-2021 to date
Control
Founder
This company
MOUSTIC
Equity -€15,544
Profit €618 in 2025
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- -€155 in 2025
- Source
- deed of 02-07-2021
Articles of association
deed of 02-07-2021 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of May at 10:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 02-07-2021 ↗
- 100 shares (100%) · €10,000
Network & group
No group
MOUSTIC has no parent and no holdings in its annual accounts. is the only director. MOUSTIC shares no director with another company.
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 38 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 59 days before the deadline
2024
Back to profit net €81,695 The net result is €81,695, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · 61 days before the deadline
2023
Weakest financial year net -€71,762 The net result drops to -€71,762, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 48 days before the deadline
2021
Registered in the Peppol Directory Reachable for e-invoices through 0208:0770533653
IncorporationFounding capital of €10,000, 100 shares · Founder: (requérant) · Appointment: (director) · published on 02-07-20216 points ▸
- Founder, (requérant)
- Founding capital, €10,000, 100 shares
- Registered office clause, Chemin Futvoie 8c, 4900 SPA
- Board rule, 1
- Director appointment, (director (not named in the articles))
- Permanent representative,
- The deed holds 3 more points.
First establishment Chemin Futvoie 8, Spa
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
MOUSTIC was incorporated on 30 June 2021 as a private limited company by one natural person, with a starting capital of €10,000.12 is director of the company, appointed by deed of 02-07-2021.2 Total assets fell from €307,290 in 2022 to €178,895 in 2025 and headcount from 6.8 to 5.4 full-time equivalents.3
Company details
Identity
- Enterprise number
- 0770.533.653
- VAT number
- BE 0770.533.653
- Peppol ID
- 0208:0770533653
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-06-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of May at 10:00deed of 02-07-2021 (in French)
- Peppol
- Reachable since 06-07-2021Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MOUSTIC in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 02-07-2021 (in French)
Activities
NACEBEL 2025VAT activities
73110
Advertising agencies main activity
Social security (RSZ) activities
73300
Public relations and communication consultancy main activity
Joint committees annual accounts 2025
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
73110
Advertising, market research and public relations activities main activity
70210
Activities of head offices; management consultancy activities
Social security (RSZ) activities
70210
Activities of head offices; management consultancy activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La prestatin de services, conseils et formations en marketing, publicité, graphisme et communication et tout type d’activité liée aux…”deed of 02-07-2021 (in French)
13 activities
- La prestatin de services, conseils et formations en marketing, publicité, graphisme et communication et tout type d’activité liée aux domaines de la communication, publicité, édition, internet, relation publique, imprimerie, décoration, vente et en organisation d’entreprises ainsi que de tout type d’activité d’intermédiaire commercial.
- Les arts graphiques en général et plus spécifiquement les dessins, animatins « 3D » et créations publicitaires et autres, le traitement complet des travaux d’imprimerie.
- La créatin, réalisation et diffusion de travaux publicitaires, travaux de graphisme et sous toutes ses formes, la création, réalisation, impression et production d’emballages publicitaires, dépliants, catalogues, affiches, illustrations, sigles, papiers administratifs, etc…
- La prmotion commerciale et la conception de tous produits, idées, matériaux quelconques et tous systèmes de production de matériaux.
- La créatin et la réalisation de tous travaux de publicité, notamment supports médiatiques et publicitaires pour les journaux, revues, télévisions, radios, sites internet, etc…
- Tut service de communication, notamment relations publiques, téléphonie, publications, correspondances, rédaction, réécriture, correction de textes et adaptations de tous documents sous quelques formes que ce soit, diffusion, annonces, messagerie, travaux de traduction.
- L’rganisation d’événements, manifestations, salons, incentives ou voyages et location de matériel afférent, mise à la disposition d’interprètes et de techniciens.
- La créatin de sites internet et toute activité liée au réseau internet, médias électroniques ou tout autre réseau actuel ou futur, sans limitation aucune.
- La publicatin de journaux, revues, brochures ou de toutes informations quel que soit leur support, destinées aux entreprises ou aux particuliers ; brevets, copyrights et toute activités qui y sont liées, création de tous réseaux, associations, groupements d’ordre économiques.
- Cncevoir et réaliser des enseignes, lettrages étalages, stands, présentoirs et la décoration de surfaces de tous types sans limitation aucune.
- Luer, acquérir ou obtenir toute concession d’emplacement publicitaire sur panneaux, journaux, moyens de diffusion audio-visuels ou autres ou sur les lieux d’exploitation commerciale des clients de la société ou opérer tout achat média.
- La prduction d’émissions de radio, de télévision et autres médias ainsi que l’enregistrement sonore et visuel.
- L’explitation de restaurant, débit de boissons et activités traiteur.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chemin Futvoie 8c registered office 4900 Spa | ||
| Chemin Futvoie 8 4900 Spa | 30-06-2021 | 2.320.281.669 |
Buildings and parcels at the addresses
- Ground area
- 1,478 m²
- Buildings
- 213 m²
- Volume, LiDAR
- 1,119 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63072H0585/00F000 | 785 m² | 1 · 80 m² | 7.9 m · 2 |
| 63072H0586/00C002 | 693 m² | 1 · 134 m² | 6.8 m · 2 |