MUBA
ActiveMUBA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.36M and a net result of €17k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 77% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-8
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 3.0 in 2024), and 20.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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
79.7%
Return on assets
0.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
27 d late
2023
25 d late
2022
29 d late
2021
29 d late
2020
11 d late
2019
31 d late
← 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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.36M▲ 0.7%
2024 · €2.34M
2018: €2.30M
2019: €2.31M
2020: €2.31M
2021: €2.33M
2022: €2.34M
2023: €2.29M
2024: €2.34M
2018 → 2025
Total assets
€2.96M▼ 3.3%
2024 · €3.07M
2018: €2.41M
2019: €2.42M
2020: €2.44M
2021: €2.42M
2022: €2.47M
2023: €2.89M
2024: €3.07M
2018 → 2025
Net result
€17k▼ 68.5%
2024 · €55k
2018: €45k
2019: €10k
2020: €369
2021: €19k
2022: €8k
2023: €-47k
2024: €55k
2018 → 2025
Working capital
€1.48M▲ 2.6%
2024 · €1.45M
2018: €1.72M
2019: €1.73M
2020: €2.06M
2021: €2.08M
2022: €1.80M
2023: €1.38M
2024: €1.45M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.33M-€2.34M▲ 0.4%€2.29M▼ 2.0%€2.34M▲ 2.4%€2.36M▲ 0.7%
Operating result€41k-€8k▼ 79.8%€-42k€-9k▲ 77.9%€-19k▼ 108%
Net result€19k-€8k▼ 57.1%€-47k€55k€17k▼ 68.5%
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 stays negative: a loss of €19k in 2025 against €9k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.96M
Fixed assets
€880k▼ 2.1%
Current assets
€2.08M▼ 3.9%
Equity and liabilities €2.96M
Equity
€2.36M▲ 0.7%
Debt
€602k▼ 16.6%
The debt ratio falls from 23.6% to 20.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€183▼
2024 · €10k
Cash flow
€37k▼
2024 · €74k
Solvency
79.7%▲
2024 · 76.4%
Current ratio
3.47▲
2024 · 3.00
Quick ratio
3.44▲
2024 · 2.97
Debt / equity
0.26▼
2024 · 0.31
ROE
0.7%▼
2024 · 2.3%
ROA
0.6%▼
2024 · 1.8%
Interest coverage
0.03▼
2024 · 2.45
Debt
€602k▼
2024 · €722k
Debt ≤ 1 year
€601k▼
2024 · €722k
Income taxes
€8k▲
2024 · €-13k
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€3.07M€2.96M▼
Fixed assets21/28€899k€880k▼
Tangible fixed assets22/27€661k€642k▼
Land and buildings22€658k€639k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€602
Financial fixed assets28€238k€238k=
Current assets29/58€2.17M€2.08M▼
Stocks and contracts in progress3€24k€20k▼
Stocks30/36€24k€20k▼
Amounts receivable within one year40/41€478k€316k▼
Trade receivables40€274k€131k▼
Other amounts receivable41€205k€185k▼
Current investments50/53€1.14M€746k▼
Cash at bank and in hand54/58€525k€1.00M▲
Equity and liabilities
Total equity and liabilities10/49€3.07M€2.96M▼
Equity10/15€2.34M€2.36M▲
Contributions10/11€87k€87k=
Capital10€87k€87k=
Issued capital100€87k€87k=
Reserves13€2.26M€2.28M▲
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Distributable reserves133€2.24M€2.26M▲
Amounts payable17/49€722k€602k▼
Amounts payable within one year42/48€722k€601k▼
Trade debts44€167k€47k▼
Suppliers440/4€167k€47k▼
Taxes, remuneration and social security45-€40
Taxes450/3-€40
Other amounts payable47/48€555k€554k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€14k€4k▼
Operating profit (loss)9901€-9k€-19k▼
Financial income75/76B€55k€51k▼
Recurring financial income75€55k€51k▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€42k€25k▼
Income taxes67/77€-13k€8k▲
Profit (loss) for the period9904€55k€17k▼
Profit (loss) for the period to be appropriated9905€55k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€17k▼
Transfer to equity691/2€55k€17k▼
To other reserves6921€55k€17k▼
The notes to these accounts (7 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Weakest financial yearnet €-47k ▼679%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 directors, last change in 2023
Mussen Marc
CurrentSole director · since 07-11-2023
07-11-2023
Mussen Marc: Appointed as Sole director
07-11-2023
Mussen Marleen: Resigned as Director
Not every act has been read: a resignation may be missing here
5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 1995
Ground area
1,550 m²
Building footprint
276 m²
Volume, LiDAR
1,177 m³
Parcel 71037A1220/00L002, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MUBA
since 19952.070.348.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A1220/00L002 | Flanders | 1,550 m² | 1 · 276 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Lema Chemie
BE 0408.250.036
Ravels · Eq €2.37M
ERES-SAPOLI
BE 0417.890.747
Nazareth-De Pinte · Eq €2.39M
ECO BELGIUM
BE 0460.488.001
Maasmechelen · Eq €2.24M
SOFEL
BE 0463.390.774
Ronse · Eq €2.15M
CHEMBO BEVIL SA
BE 0465.994.433
Tournai · Eq €1.94M
Of 89 companies in sector 20412 we hold annual accounts for 57. 31 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-1994
Fiscal year end31-12
Activities, NACEBEL
20412Manufacture of chemicals and chemical products
24512
20420Manufacture of chemicals and chemical products
24520
46442Wholesale trade
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
47783Retail trade
47784Retail trade
51442
52488
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.