MU-VALLEY
ActiveMU-VALLEY has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.83M and a net result of €2.05M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 925 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+14
Solvency59▲+7
Growth84▲+6
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.23 in 2024; short-term debt: 66.2% and cash: 47.8% of total assets), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
33.6%
Return on assets
24.3%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €2.83M
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
29 d late
2023
1 d early
2022
31 d late
2021
on the day
2020
2 d early
2019
43 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16.23M▲ 19.4%
2024 · €13.59M
2024: €13.59M
2024 → 2025
EBIT margin
16.2%▲ 5.7pp
2024 · 10.5%
2024: 10.5%
2024 → 2025
Net result
€2.05M▲ 85.4%
2024 · €1.10M
2019: €14k
2020: €-1.34M
2021: €-218k
2022: €1.74M
2023: €1.01M
2024: €1.10M
2019 → 2025
Working capital
€2.10M▲ 93.3%
2024 · €1.09M
2019: €-11k
2020: €-983k
2021: €-1.22M
2022: €120k
2023: €23k
2024: €1.09M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.59M€16.23M▲ 19.4%
Equity€-1.07M-€672k€679k▲ 1.1%€1.78M▲ 163%€2.83M▲ 58.8%
Operating result€-213k-€1.82M€1.26M▼ 30.8%€1.42M▲ 13.0%€2.63M▲ 84.8%
Net result€-218k-€1.74M€1.01M▼ 42.1%€1.10M▲ 9.7%€2.05M▲ 85.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.43M
Fixed assets
€747k▲ 4.9%
Current assets
€7.68M▲ 31.5%
Equity and liabilities €8.43M
Equity
€2.83M▲ 58.8%
Debt
€5.60M▲ 17.3%
The debt ratio falls from 72.8% to 66.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.81M▲
2024 · €1.59M
Cash flow
€2.23M▲
2024 · €1.27M
Solvency
33.6%▲
2024 · 27.2%
Current ratio
1.38▲
2024 · 1.23
Quick ratio
1.30▲
2024 · 1.15
Debt / equity
1.98▼
2024 · 2.68
ROE
72.3%▲
2024 · 61.9%
ROA
24.3%▲
2024 · 16.8%
Interest coverage
36654.57▼
2024 · 38066.19
Debt
€5.60M▲
2024 · €4.77M
Debt ≤ 1 year
€5.58M▲
2024 · €4.76M
Income taxes
€688k▲
2024 · €375k
Staff costs
€3.24M▲
2024 · €3.03M
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€6.55M€8.43M▲
Fixed assets21/28€712k€747k▲
Intangible fixed assets21€0€5k▲
Tangible fixed assets22/27€682k€696k▲
Plant, machinery and equipment23€334k€272k▼
Furniture and vehicles24€135k€133k▼
Other tangible fixed assets26€212k€291k▲
Financial fixed assets28€30k€46k▲
Other financial fixed assets284/8€30k€46k▲
Amounts receivable and cash guarantees285/8€30k€46k▲
Current assets29/58€5.84M€7.68M▲
Stocks and contracts in progress3€366k€401k▲
Stocks30/36€366k€401k▲
Raw materials and consumables30/31€72k€101k▲
Goods purchased for resale34€295k€301k▲
Amounts receivable within one year40/41€3.65M€3.00M▼
Trade receivables40€146k€79k▼
Other amounts receivable41€3.50M€2.93M▼
Cash at bank and in hand54/58€1.75M€4.03M▲
Deferred charges and accrued income490/1€79k€243k▲
Equity and liabilities
Total equity and liabilities10/49€6.55M€8.43M▲
Equity10/15€1.78M€2.83M▲
Contributions10/11€550k€550k=
Reserves13€1.23M€2.28M▲
Distributable reserves133€1.23M€2.28M▲
Amounts payable17/49€4.77M€5.60M▲
Amounts payable within one year42/48€4.76M€5.58M▲
Trade debts44€1.15M€2.27M▲
Suppliers440/4€1.15M€2.27M▲
Advances received on contracts in progress46€3.07M€2.86M▼
Taxes, remuneration and social security45€537k€449k▼
Taxes450/3€190k€107k▼
Remuneration and social security454/9€347k€342k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€14k€14k=
Income statement
Code20242025
Operating income70/76A€13.78M€16.29M▲
Turnover70€13.59M€16.23M▲
Other operating income74€190k€54k▼
Operating charges60/66A€12.36M€13.66M▲
Goods for resale, raw materials and consumables60€1.54M€1.55M▲
Purchases600/8€1.52M€1.59M▲
Change in stocks: decrease (increase)609€14k€-35k▼
Services and other goods61€7.58M€8.65M▲
Remuneration, social security and pensions62€3.03M€3.24M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168k€180k▲
Other operating charges640/8€38k€32k▼
Non-recurring operating charges66A€5k€2k▼
Operating profit (loss)9901€1.42M€2.63M▲
Financial income75/76B€59k€106k▲
Recurring financial income75€59k€106k▲
Income from current assets751€58k€106k▲
Other financial income752/9€785€0▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Debt charges650€42€77▲
Other financial charges652/9€3k€2k▼
Profit (loss) for the period before taxes9903€1.48M€2.74M▲
Income taxes67/77€375k€688k▲
Taxes670/3€375k€688k▲
Tax adjustments and reversals of tax provisions77€233€0▼
Profit (loss) for the period9904€1.10M€2.05M▲
Profit (loss) for the period to be appropriated9905€1.10M€2.05M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.10M€2.05M▲
Transfer from equity791/2-€1.00M
From reserves792-€1.00M
Transfer to equity691/2€1.10M€2.05M▲
To other reserves6921€1.10M€2.05M▲
Profit to be distributed694/7€0€1.00M▲
Return on contributions (dividend)694€0€1.00M▲
Social balance
Average headcount (FTE)908754.860.5▲
The notes to these accounts (53 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €2.05M ▲85.4%
Operating result €2.63M, net result €2.05M, both a record.
31-12
Financial
Equity above €2MEq €2.83M ▲58.8%
4 profitable years in a row build equity to €2.83M.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €1MEq €1.78M ▲163%
3 profitable years in a row build equity to €1.78M.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €1.74M
Net result €1.74M after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.04
Current ratio from 0.28 to 1.04.
31-12
Financial
Equity above €500kEq €672k
Equity rises from €-1.07M to €672k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-1.34M ▼9545%
Net result drops to €-1.34M, the lowest in the series; recovery starts the following year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Maasmechelen · 2 establishment units since 2010
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.
Koninginnelaan(E) 58/603630 MaasmechelenGround area
8,221 m²
Building footprint
1,460 m²
Volume, LiDAR
10,417 m³
2 parcels, Flanders · tallest building 18.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
MU-VALLEY
since 20102.187.765.516
ELAISA WELNESS
since 20192.294.783.141
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013D0688/00A000 | Flanders | 4,769 m² | 1 · 1,333 m² | 18.2 m · 3 fl. |
| 73043B0265/00S000 | Flanders | 3,452 m² | 1 · 126 m² | 4.8 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 4 entries · 23,350 EUR awarded · 23,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 1,318 EUR | 1,318 EUR |
| 2022 | 2 | 22,032 EUR | 22,032 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDilsen-Stokkem2.294.783.141
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RUE
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,402. 2,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2010
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.