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 (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 67 d 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%
Better than 55% of its sector peers (NACE 11, micro)
Performance against the sector, not lower risk
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%▲ +7.6% vs 11-2024
01-2025: 9.8%▲ +16.1% vs 12-2024
02-2025: 9.8%● 0.0% vs 01-2025
03-2025: 9.8%● 0.0% vs 02-2025
04-2025: 9.0%▼ -8.2% vs 03-2025
05-2025: 9.0%● 0.0% vs 04-2025
06-2025: 8.9%▼ -1.6% vs 05-2025
07-2025: 8.9%● 0.0% vs 06-2025
08-2025: 10.8%▲ +21.2% vs 07-2025highest value
09-2025: 10.8%● 0.0% vs 08-2025highest value
10-2025: 10.8%● 0.0% vs 09-2025highest value
11-2025: 3.4%▼ -68.8% vs 10-2025
12-2025: 3.4%● 0.0% vs 11-2025
01-2026: 3.4%▲ +1.8% vs 12-2025
02-2026: 3.1%▼ -8.2% vs 01-2026
03-2026: 3.1%▲ +0.1% vs 02-2026
04-2026: 3.2%▲ +1.1% vs 03-2026
05-2026: 3.3%▲ +2.2% vs 04-2026
06-2026: 3.2%▼ -2.2% vs 05-2026
07-2026: 3.1%▼ -2.4% vs 06-2026lowest value
08-2026: 3.8%▲ +22.9% vs 07-2026
09-2026: 4.3%▲ +13.1% vs 08-2026
10-2026: 5.8%▲ +34.7% vs 09-2026
- Figures for FY 2024 (filed 02-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 0.84 raises the probability
- Founded in 2022 raises the probability for this profile
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 comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 11, micro). Better than this share of them on solvency 29%, liquidity 1%, profitability 95%, growth against the median 95%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 d late
2023
447 d late
2022
133 d 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
- 21-10-2025Annual accounts filed
- 30-09-2025Annual accounts filed
- 31-12-2024Back to profit
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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