Financials
- Fiscal year
- 2024
- Turnover
- €67,200
- Profit
- €7,118
- Solvency
- -13.9%
Turnover▲ 9,131%
Net result
20222024
MU-Z
ActiveSummary
The computed 12-month bankruptcy probability of MU-Z is 5.8% (elevated). The 2024 annual accounts show negative equity (-€5,022) and a net result of €7,118. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 26% of 393 sector peers (NACE 11, fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of beer
NACE 11050
1 site
Size
€67,200turnover 2024
- Equity
- -€5,022
- Profit
- €7,118
Structure
Accounts 68 days overdue0 of 1 deed read
Why 38- Figures for FY 2024 (filed 02-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late- Liquidity: current ratio 0.84- Founded in 2022Show the evidence
Checked score
Score 2024
38
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 55% of its sector peers (NACE 11, micro)
Financial strength · tick = 2023
Weak
Solvency
11+11
equity -13.9% of total assets
Liquidity
0=
short-term debt 113.9%
Profitability
96+96
return on assets 19.7%
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 7.9%
12-2024: 8.5%▲ +0.6 percentage points vs 11-2024
01-2025: 9.8%▲ +1.3 percentage points vs 12-2024
02-2025: 9.8%● unchanged vs 01-2025
03-2025: 9.8%● unchanged vs 02-2025
04-2025: 9.0%▼ -0.8 percentage points vs 03-2025
05-2025: 9.0%● unchanged vs 04-2025
06-2025: 8.9%▼ -0.1 percentage points vs 05-2025
07-2025: 8.9%● unchanged vs 06-2025
08-2025: 10.8%▲ +1.9 percentage points vs 07-2025highest value
09-2025: 10.8%● unchanged vs 08-2025highest value
10-2025: 10.8%● unchanged vs 09-2025highest value
11-2025: 3.4%▼ -7.4 percentage points vs 10-2025
12-2025: 3.4%● unchanged vs 11-2025
01-2026: 3.4%● unchanged vs 12-2025
02-2026: 3.1%▼ -0.3 percentage points vs 01-2026
03-2026: 3.1%● unchanged vs 02-2026
04-2026: 3.2%▲ +0.1 percentage points vs 03-2026
05-2026: 3.3%▲ +0.1 percentage points vs 04-2026
06-2026: 3.2%▼ -0.1 percentage points vs 05-2026
07-2026: 3.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 3.8%▲ +0.7 percentage points vs 07-2026
09-2026: 4.3%▲ +0.5 percentage points vs 08-2026
10-2026: 5.8%▲ +1.5 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.84 against 0.67 in 2023; short-term debt: 113.9% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 11, micro): better than 29% on solvency, 1% on liquidity, 95% on profitability and 95% on growth.
The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 days late
2023
447 days late
2022
133 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 214 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2023 · full…
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €7,118
Key points
By topic
Timeline
- Events
- 4
- Since
- 2023
- 11-12-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of beerNACE 11050
- Founded
- 09-06-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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