MU
ActiveMU has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €368k and a net result of €141k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 404 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 8.94 against 3.69 in 2024), and 12.2% 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 · 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
87.8%
Return on assets
33.5%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
9 d early
2023
1 d early
2022
33 d early
2021
3 d late
2020
46 d late
2019
49 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€368k▲ 61.8%
2024 · €228k
2018: €125k
2019: €124k
2020: €130k
2021: €179k
2022: €211k
2023: €235k
2024: €228k
2018 → 2025
Total assets
€419k▲ 41.8%
2024 · €296k
2018: €177k
2019: €172k
2020: €174k
2021: €210k
2022: €240k
2023: €239k
2024: €296k
2018 → 2025
Net result
€141k
2024 · €-7k
2018: €-3k
2019: €-315
2020: €6k
2021: €49k
2022: €32k
2023: €23k
2024: €-7k
2018 → 2025
Working capital
€341k▲ 85.8%
2024 · €183k
2018: €118k
2019: €122k
2020: €127k
2021: €177k
2022: €196k
2023: €184k
2024: €183k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€211k▲ 18.1%€235k▲ 11.1%€228k▼ 2.9%€368k▲ 61.8%
Operating result€75k-€45k▼ 40.3%€34k▼ 23.3%€-7k€212k
Net result€49k-€32k▼ 33.6%€23k▼ 27.6%€-7k€141k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €212k after a loss of €7k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €419k
Fixed assets
€36k▼ 18.8%
Current assets
€384k▲ 52.4%
Equity and liabilities €419k
Equity
€368k▲ 61.8%
Debt
€51k▼ 25.1%
The debt ratio falls from 23.1% to 12.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€225k▲
2024 · €8k
Cash flow
€154k▲
2024 · €8k
Solvency
87.8%▲
2024 · 76.9%
Current ratio
8.94▲
2024 · 3.69
Quick ratio
8.07▲
2024 · 1.36
Debt / equity
0.14▼
2024 · 0.30
ROE
38.2%▲
2024 · -3.0%
ROA
33.5%▲
2024 · -2.3%
Interest coverage
590.36▲
2024 · 16.90
Debt
€51k▼
2024 · €68k
Debt ≤ 1 year
€43k▼
2024 · €68k
Income taxes
€71k
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€296k€419k▲
Fixed assets21/28€44k€36k▼
Tangible fixed assets22/27€43k€35k▼
Plant, machinery and equipment23€11k€14k▲
Furniture and vehicles24€32k€21k▼
Financial fixed assets28€999€999=
Current assets29/58€252k€384k▲
Stocks and contracts in progress3€159k€37k▼
Stocks30/36€159k€37k▼
Amounts receivable within one year40/41€75k€305k▲
Trade receivables40€56k€265k▲
Other amounts receivable41€19k€40k▲
Cash at bank and in hand54/58€15k€39k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€296k€419k▲
Equity10/15€228k€368k▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€153k€293k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€145k€286k▲
Amounts payable17/49€68k€51k▼
Amounts payable within one year42/48€68k€43k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45-€41k
Taxes450/3-€41k
Other amounts payable47/48€66k-
Accrued charges and deferred income492/3-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€13k€227k▲
Operating profit (loss)9901€-7k€212k▲
Financial income75/76B€428€439▲
Recurring financial income75€428€439▲
Financial charges65/66B€462€382▼
Recurring financial charges65€462€382▼
Profit (loss) for the period before taxes9903€-7k€212k▲
Income taxes67/77-€71k
Profit (loss) for the period9904€-7k€141k▲
Profit (loss) for the period to be appropriated9905€-7k€141k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€141k▲
Transfer from equity791/2€7k-
Transfer to equity691/2-€141k
To other reserves6921-€141k
The notes to these accounts (6 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €141k
Net result €141k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 8.94
Current ratio from 3.69 to 8.94; short-term debt falls from €68k to €43k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-7k ▼129%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 38.87
Current ratio from 7.72 to 38.87; short-term debt falls from €29k to €5k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €211k ▲18.1%
3 profitable years in a row build equity to €211k.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Equity above €150kEq €179k ▲37.5%
2 profitable years in a row build equity to €179k.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
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
5 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, Heist-op-den-Berg · 1 establishment unit since 1993
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.
Dennenlaan(ITE) 12222 Heist-op-den-BergGround area
5,805 m²
Building footprint
562 m²
Volume, LiDAR
1,757 m³
2 parcels, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Molenstraat(HAL) 37, 2220 Heist-op-den-Berg
since 19932.063.795.061
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014A0745/00K005 | Flanders | 3,646 m² | 1 · 353 m² | 12.1 m · 1 fl. |
| 12017C0245/00G002 | Flanders | 2,158 m² | 1 · 209 m² | - |
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.
Similar companies · same sector, comparable size
A E & S VAN HOECK
BE 0459.207.106
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METABO BELGIUM
BE 0469.601.051
Dilbeek · Eq €379k
DMATIC ENGINEERING
BE 0894.187.273
Oosterzele · Eq €357k
MARTENS MATRIJZEN
BE 0439.068.817
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HABOMETAAL
BE 0473.238.155
Kortemark · Eq €349k
Of 135 companies in sector 28410 we hold annual accounts for 106. 84 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-08-1993
Fiscal year end31-12
Activities, NACEBEL
28410Manufacture of machinery and equipment not elsewhere classified
28210Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.