MUCAN
ActiveSummary
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 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 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.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
87.4%
Return on assets
0%
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
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
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)
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. Usually files around 28 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,841▲ 92.7%
2024 · -€93,824
Working capital
€118,419▲ 369%
2024 · €25,261
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.003m▼ 1.8%-€0.003m▲ 2.7%-€0.002m▲ 27.0%-€0.008m▼ 268%-€0.003m▲ 58.4%
Net result-€0.003m▼ 1.6%-€0.1m▼ 3,157%-€0.08m▲ 23.8%-€0.09m▼ 24.8%-€0.007m▲ 92.7%
Equity€37.8m=€37.7m▼ 0.3%€37.6m▼ 0.2%€37.5m▼ 0.2%€37.5m=
Total assets€37.8m=€42.8m▲ 13.2%€42.8m▲ 0.1%€42.8m=€42.9m▲ 0.2%
Debt€0.002m€5.1m▲ 262,107%€5.2m▲ 2.0%€5.3m▲ 2.1%€5.4m▲ 2.0%
Working capital€0.01m-€0.006m€0.02m€0.03m▲ 32.4%€0.1m▲ 369%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,134 in 2025 against €7,534 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42.9m
Fixed assets
€37.8m =
Current assets
€5.1m ▲ 1.9%
Equity and liabilities €42.9m
Equity
€37.5m =
Debt
€5.4m ▲ 2.0%
Debt's share of the balance-sheet total rises from 12.4% to 12.6%. Debt is higher.
Key figures and ratios
Current ratio
1.02▲
2024 · 1.01
Debt to equity
0.14▲
2024 · 0.14
ROE
0.0%▲
2024 · -0.2%
ROA
0.0%▲
2024 · -0.2%
Debt ≤ 1 year
€5.0m▲
2024 · €5.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,003 | €1,006 | €62 | €1,115 | €1,086 | ▼ 2.5% |
| Gross operating margin9900 | -€1,880 | -€1,798 | -€1,985 | -€6,419 | -€2,048 | ▲ 68.1% |
| Operating profit (loss)9901 | -€2,883 | -€2,804 | -€2,047 | -€7,534 | -€3,134 | ▲ 58.4% |
| Financial income75/76B | - | - | €28,227 | €15,240 | €98,040 | ▲ 543% |
| Recurring financial income75 | - | - | €28,227 | €15,240 | €98,040 | ▲ 543% |
| Financial charges65/66B | €148 | €95,940 | €101,380 | €101,529 | €101,747 | ▲ 0.2% |
| Recurring financial charges65 | €148 | €95,940 | €101,380 | €101,529 | €101,747 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€3,031 | -€98,744 | -€75,200 | -€93,824 | -€6,841 | ▲ 92.7% |
| Profit (loss) for the period9904 | -€3,031 | -€98,744 | -€75,200 | -€93,824 | -€6,841 | ▲ 92.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,031 | -€98,744 | -€75,200 | -€93,824 | -€6,841 | ▲ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37.8m | €42.8m | €42.8m | €42.8m | €42.9m | ▲ 0.2% |
| Fixed assets21/28 | €37.8m | €37.8m | €37.8m | €37.8m | €37.8m | = |
| Financial fixed assets28 | €37.8m | €37.8m | €37.8m | €37.8m | €37.8m | = |
| Current assets29/58 | €0.01m | €5.0m | €5.0m | €5.0m | €5.1m | ▲ 1.9% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.3m | ▲ 113% |
| Other amounts receivable291 | - | - | - | €0.1m | €0.3m | ▲ 113% |
| Amounts receivable within one year40/41 | - | - | - | €0.8m | €0.7m | ▼ 17.7% |
| Other amounts receivable41 | - | - | - | €0.8m | €0.7m | ▼ 17.7% |
| Cash at bank and in hand54/58 | €0.01m | €5.0m | €5.0m | €4.1m | €4.2m | ▲ 2.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.01m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37.8m | €42.8m | €42.8m | €42.8m | €42.9m | ▲ 0.2% |
| Equity10/15 | €37.8m | €37.7m | €37.6m | €37.5m | €37.5m | = |
| Contributions10/11 | €36.8m | €36.8m | €36.8m | €36.8m | €36.8m | = |
| Outside capital11 | - | - | - | - | €36.8m | - |
| Other1109/19 | - | - | - | - | €36.8m | - |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves not available under the articles1311 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €1.0m | €0.9m | €0.8m | €0.7m | €0.7m | ▼ 1.0% |
| Amounts payable17/49 | €0.002m | €5.1m | €5.2m | €5.3m | €5.4m | ▲ 2.0% |
| Amounts payable within one year42/48 | €0.002m | €5.0m | €5.0m | €5.0m | €5.0m | ▲ 0.1% |
| Trade debts44 | - | - | - | €0.001m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | €0.002m | €5.0m | €5.0m | €5.0m | €5.0m | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | €0.08m | €0.2m | €0.3m | €0.4m | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.003m | -€0.1m | -€0.08m | -€0.09m | -€0.007m | ▲ 92.7% |
| Operating cash flow (approximation) | -€0.003m | -€0.1m | -€0.08m | -€0.09m | -€0.007m | ▲ 92.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5.0m | €0.03m | -€0.9m | €0.08m | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€98,744
Net result drops to -€98,744, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dilsen-Stokkem
Ground area
7,274 m²
Building footprint
356 m²
Volume, LiDAR
2,159 m³
Parcel 72007B1126/00K000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72007B1126/00K000 | Flanders | 7,274 m² | 1 · 356 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of MUCAN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 3 Gazette acts processed.
Company details
Identification
Legal formPublic limited company
Founded08-07-2009
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817170956
Also
9925:BE0817170956
Registered
20-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.