MUDE ENGINEERING
ActiveSummary
MUDE ENGINEERING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70,655 and a net result of €23,467. Equity is growing by ~49.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▼-9
Solvency78▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.5 in 2023; short-term debt: 46.9% and cash: 72.8% of total assets), and 46.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
53.1%
Return on assets
17.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
46 d early
2022
20 d early
2021
40 d early
2020
32 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€70,655▲ 49.7%
2023 · €47,188
Total assets
€132,996▲ 17.3%
2023 · €113,346
Net result
€23,467▼ 27.7%
2023 · €32,475
Working capital
€61,955▲ 86.1%
2023 · €33,296
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21,905▲ 699%-€5,136€4,694€43,715▲ 831%€34,613▼ 20.8%
Net result€11,147▲ 373%-€6,093€1,100€32,475▲ 2,852%€23,467▼ 27.7%
Equity€19,706▲ 130%€13,613▼ 30.9%€14,713▲ 8.1%€47,188▲ 221%€70,655▲ 49.7%
Total assets€57,372▲ 219%€35,799▼ 37.6%€97,264▲ 172%€113,346▲ 16.5%€132,996▲ 17.3%
Debt€37,666▲ 299%€22,186▼ 41.1%€82,551▲ 272%€66,158▼ 19.9%€62,341▼ 5.8%
Working capital€11,018▲ 28.7%€7,171▼ 34.9%€875▼ 87.8%€33,296▲ 3,705%€61,955▲ 86.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €132,996
Fixed assets
€8,700 ▼ 37.4%
Current assets
€124,296 ▲ 25.0%
Equity and liabilities €132,996
Equity
€70,655 ▲ 49.7%
Debt
€62,341 ▼ 5.8%
Debt's share of the balance-sheet total falls from 58.4% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,805▼
2023 · €48,746
Cash flow
€28,659▼
2023 · €37,506
Current ratio
1.99▲
2023 · 1.50
Debt to equity
0.88▼
2023 · 1.40
ROE
33.2%▼
2023 · 68.8%
ROA
17.6%▼
2023 · 28.7%
Interest coverage
153.69▼
2023 · 200.60
Debt ≤ 1 year
€62,341▼
2023 · €66,158
Income taxes
€10,887▼
2023 · €10,997
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €839 | €2,246 | €3,418 | €5,031 | €5,192 | ▲ 3.2% |
| Other operating charges640/8 | - | €2,161 | €2,675 | €981 | €1,533 | ▲ 56.3% |
| Gross operating margin9900 | €25,269 | -€729 | €10,787 | €49,727 | €41,338 | ▼ 16.9% |
| Operating profit (loss)9901 | €21,905 | -€5,136 | €4,694 | €43,715 | €34,613 | ▼ 20.8% |
| Financial charges65/66B | - | €363 | €394 | €243 | €259 | ▲ 6.6% |
| Recurring financial charges65 | €265 | €363 | €394 | €243 | €259 | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €21,640 | -€5,499 | €4,300 | €43,472 | €34,354 | ▼ 21.0% |
| Income taxes67/77 | €10,493 | €594 | €3,200 | €10,997 | €10,887 | ▼ 1.0% |
| Profit (loss) for the period9904 | €11,147 | -€6,093 | €1,100 | €32,475 | €23,467 | ▼ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €11,147 | -€6,093 | €1,100 | €32,475 | €23,467 | ▼ 27.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,372 | €35,799 | €97,264 | €113,346 | €132,996 | ▲ 17.3% |
| Fixed assets21/28 | €8,688 | €6,442 | €13,838 | €13,892 | €8,700 | ▼ 37.4% |
| Tangible fixed assets22/27 | €8,688 | €6,442 | €13,838 | €13,892 | €8,700 | ▼ 37.4% |
| Plant, machinery and equipment23 | - | €6,442 | €13,838 | €10,535 | €6,107 | ▼ 42.0% |
| Furniture and vehicles24 | - | - | - | €3,357 | €2,593 | ▼ 22.8% |
| Current assets29/58 | €48,684 | €29,357 | €83,426 | €99,454 | €124,296 | ▲ 25.0% |
| Amounts receivable within one year40/41 | €3,380 | €24,332 | €24,708 | €26,398 | €27,502 | ▲ 4.2% |
| Trade receivables40 | - | €22,385 | €24,708 | €26,398 | €27,502 | ▲ 4.2% |
| Other amounts receivable41 | - | €1,947 | - | - | - | - |
| Cash at bank and in hand54/58 | €45,304 | €5,025 | €58,494 | €73,056 | €96,794 | ▲ 32.5% |
| Deferred charges and accrued income490/1 | - | - | €224 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,372 | €35,799 | €97,264 | €113,346 | €132,996 | ▲ 17.3% |
| Equity10/15 | €19,706 | €13,613 | €14,713 | €47,188 | €70,655 | ▲ 49.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - |
| Profit (loss) carried forward14 | €13,506 | €7,413 | €8,513 | €40,988 | €64,455 | ▲ 57.3% |
| Amounts payable17/49 | €37,666 | €22,186 | €82,551 | €66,158 | €62,341 | ▼ 5.8% |
| Amounts payable within one year42/48 | €37,666 | €22,186 | €82,551 | €66,158 | €62,341 | ▼ 5.8% |
| Trade debts44 | €18,752 | €14,917 | €20,119 | €11,182 | €22,021 | ▲ 96.9% |
| Suppliers440/4 | - | €14,917 | €20,119 | €11,182 | €22,021 | ▲ 96.9% |
| Taxes, remuneration and social security45 | - | - | €11,075 | €24,430 | €20,823 | ▼ 14.8% |
| Taxes450/3 | - | - | €11,075 | €24,430 | €20,823 | ▼ 14.8% |
| Other amounts payable47/48 | - | €7,269 | €51,357 | €30,546 | €19,497 | ▼ 36.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,147 | -€6,093 | €1,100 | €32,475 | €23,467 | ▼ 27.7% |
| + Depreciation and write-downs630 | €839 | €2,246 | €3,418 | €5,031 | €5,192 | ▲ 3.2% |
| Operating cash flow (approximation) | €11,986 | -€3,847 | €4,518 | €37,506 | €28,659 | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | €0 | -€10,814 | -€5,085 | €0 | ▲ 100% |
| Change in cash | - | -€40,279 | €53,469 | €14,562 | €23,738 | ▲ 63.0% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €32,475 ▲2,852%
Operating result €43,715, net result €32,475, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1,100
Net result €1,100 after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€6,093
Net result drops to -€6,093, the lowest in the series; recovery starts the following year.
12-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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 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, Sint-Gillis-Waas · 1 establishment unit since 2018
Ground area
4,898 m²
Building footprint
308 m²
Volume, LiDAR
1,144 m³
Parcel 46020E0407/00F000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mude Engineering
since 20182.281.610.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020E0407/00F000 | Flanders | 4,898 m² | 1 · 308 m² | 7.7 m · 1 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.
Similar companies · same sector, comparable size
APB DISTRIBUTION
BE 0878.654.704
Namur · Eq €70,315
VDS BENELUX
BE 0828.996.147
Sprimont · Eq €69,989
A-PROCUREMENT
BE 0683.857.027
Kontich · Eq €69,987
FLYWELL
BE 0753.686.139
Kortrijk · Eq €69,685
SEDIAP Hydraulics
BE 0753.704.450
Mouscron · Eq €72,762
Of 1,076 companies in sector 46140 we hold annual accounts for 645. 485 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
46630Wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713527941
Also
9925:BE0713527941
Registered
22-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.