MUCAN

Active

Public limited companyfounded 200917 yrs activeLangstraat 97, 3650 Dilsen-Stokkem, BelgiumKBO/BCE: BE 0817.170.956

Summary

MUCAN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37.5m and a net result of -€6,841. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch Report Compare

MUCANActiveChecked score 95/100

Risk analysis Report Compare

What they do

Activity not known

How big

€42.9mtotal assets 2025

Equity: €37.5m
Loss: -€6,841

Financially healthy?

95 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.1%

Who decides

Holdings: 1

Accounts filed 31 d late0 of 3 deeds read

Why 95- Latest accounts 31 days late; 1 of the last 3 late- No establishment unit in the KBO+ Size: total assets €42.9m+ Founded in 2009Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Better than 61% of its sector peers (no NACE code, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 87.4% of total assets

Liquidity 61=

short-term debt 11.7% · cash 9.8%

Profitability 37=

return on assets 0.0%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%▼ -1.7% vs 11-2024 01-2025: 0.1%▲ +6.8% vs 12-2024 02-2025: 0.1%▲ +4.8% vs 01-2025 03-2025: 0.1%▼ -1.5% vs 02-2025 04-2025: 0.1%▼ -9.2% vs 03-2025 05-2025: 0.1%▼ -1.7% vs 04-2025lowest value 06-2025: 0.1%▲ +10.3% vs 05-2025 07-2025: 0.1%▲ +37.5% vs 06-2025 08-2025: 0.2%▲ +88.6% vs 07-2025 09-2025: 0.2%▲ +18.7% vs 08-2025highest value 10-2025: 0.1%▼ -69.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▲ +6.6% vs 12-2025 02-2026: 0.1%▲ +1.5% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -9.1% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%▲ +6.7% vs 05-2026 07-2026: 0.1%▲ +12.5% vs 06-2026 08-2026: 0.2%▲ +132% vs 07-2026 09-2026: 0.1%▼ -65.3% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value

Size: total assets €42.9m lowers the probability for this profile
Latest accounts 31 days late; 1 of the last 3 late raises the probability
No establishment unit in the KBO raises the probability
Founded in 2009 lowers the probability for this profile

Credit up to €3,550,000 at 30 days acceptable

Liquidity tight (current ratio 1.02 against 1.01 in 2024; short-term debt: 11.7% and cash: 9.8% of total assets), and 12.6% of the assets are financed with debt.

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 (no NACE code, medium-sized). Better than this share of them on solvency 74%, liquidity 90%, profitability 43%, growth against the median 38%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: total assets €42.9m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Latest accounts 31 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Founded in 2009

In the bankruptcy model this factor lowers the probability for this profile.

KBO

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 filings

Deviation from the deadline

2025

31 d late

2024

28 d late

2023

1 d early

2022

60 d late

2021

32 d early

2020

31 d early

2019

30 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 28 August (4 of the last 5 filed years within 32 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage