MUCO
ActiveMUCO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €-66k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
2
/ 100
Critical▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency10▼-11
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.09 in 2024), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.2%
Return on assets
-9.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€66k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
20 d late
2023
30 d late
2022
20 d early
2021
31 d early
2020
32 d early
2019
1 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▼ 88.3%
2024 · €75k
2018: €71k
2019: €74k
2020: €79k
2021: €91k
2022: €103k
2023: €104k
2024: €75k
2018 → 2025
Total assets
€706k▲ 15.6%
2024 · €611k
2018: €421k
2019: €388k
2020: €376k
2021: €493k
2022: €475k
2023: €567k
2024: €611k
2018 → 2025
Net result
€-66k▼ 131%
2024 · €-29k
2018: €11k
2019: €4k
2020: €5k
2021: €12k
2022: €12k
2023: €719
2024: €-29k
2018 → 2025
Working capital
€-39k
2024 · €42k
2018: €93k
2019: €88k
2020: €94k
2021: €90k
2022: €88k
2023: €64k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€103k▲ 13.4%€104k▲ 0.7%€75k▼ 27.7%€9k▼ 88.3%
Operating result€20k-€10k▼ 52.2%€8k▼ 13.3%€-20k€-66k▼ 229%
Net result€12k-€12k▲ 1.2%€719▼ 94.1%€-29k€-66k▼ 131%
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 €66k in 2025 against €20k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €706k
Fixed assets
€107k▲ 4.2%
Current assets
€599k▲ 17.8%
Equity and liabilities €706k
Equity
€9k▼ 88.3%
Debt
€698k▲ 30.1%
The debt ratio rises from 87.7% to 98.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-44k▼
2024 · €444
Cash flow
€-45k▼
2024 · €-8k
Solvency
1.2%▼
2024 · 12.3%
Current ratio
0.94▼
2024 · 1.09
Quick ratio
0.53▼
2024 · 0.64
Debt / equity
79.11▲
2024 · 7.13
ROE
-752.9%▼
2024 · -38.2%
ROA
-9.4%▼
2024 · -4.7%
Interest coverage
-5.93▼
2024 · 0.03
Debt
€698k▲
2024 · €536k
Debt ≤ 1 year
€638k▲
2024 · €467k
Debt > 1 year
€58k▼
2024 · €68k
Staff costs
€353k▲
2024 · €270k
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€611k€706k▲
Fixed assets21/28€103k€107k▲
Tangible fixed assets22/27€103k€107k▲
Land and buildings22€23k€20k▼
Plant, machinery and equipment23€6k€2k▼
Furniture and vehicles24€2k€22k▲
Leasing and similar rights25€72k€63k▼
Financial fixed assets28€125€125=
Current assets29/58€508k€599k▲
Stocks and contracts in progress3€208k€263k▲
Stocks30/36€163k€190k▲
Contracts in progress37€45k€74k▲
Amounts receivable within one year40/41€231k€309k▲
Trade receivables40€210k€274k▲
Other amounts receivable41€22k€35k▲
Cash at bank and in hand54/58€63k€19k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€611k€706k▲
Equity10/15€75k€9k▼
Contributions10/11€60k€60k=
Capital10€60k-
Issued capital100€60k-
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Profit (loss) carried forward14€9k€-57k▼
Amounts payable17/49€536k€698k▲
Amounts payable after more than one year17€68k€58k▼
Financial debts170/4€68k€58k▼
Amounts payable within one year42/48€467k€638k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€195k€345k▲
Suppliers440/4€195k€345k▲
Taxes, remuneration and social security45€28k€38k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€26k€35k▲
Other amounts payable47/48€132k€142k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Remuneration, social security and pensions62€270k€353k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€22k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€278k€316k▲
Operating profit (loss)9901€-20k€-66k▼
Financial income75/76B€7k€7k▼
Recurring financial income75€7k€7k▼
Financial charges65/66B€16k€7k▼
Recurring financial charges65€16k€7k▼
Profit (loss) for the period before taxes9903€-29k€-66k▼
Profit (loss) for the period9904€-29k€-66k▼
Profit (loss) for the period to be appropriated9905€-29k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-57k▼
Profit (loss) brought forward from the previous period14P€38k€9k▼
The notes to these accounts (9 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €12k ▲1.2%
Net result €12k, the highest in the series.
31-12
Financial
Equity above €100kEq €103k ▲13.4%
5 profitable years in a row build equity to €103k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
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.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Breitwaterstraat(M) 193630 MaasmechelenGround area
2,520 m²
Building footprint
673 m²
Volume, LiDAR
4,075 m³
Parcel 73048B1285/00G000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Breitwaterstraat(M) 19, 3630 Maasmechelen
since 19882.041.181.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048B1285/00G000 | Flanders | 2,520 m² | 1 · 673 m² | 6.5 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
Paul AHN
BE 0795.741.775
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Woodaert
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Meulebeke · Eq €9k
LOUIS LISON RENOVATION & IMMOBILIER
BE 1018.040.635
Flobecq · Eq €9k
G.E.R.S.
BE 0526.861.933
Braine-le-Comte · Eq €9k
Op Maat Interieur
BE 1011.570.933
Antwerpen · Eq €9k
Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 4,311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-1988
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.