MUFI
ActiveSummary
The computed 12-month bankruptcy probability of MUFI is 2.0% (moderate). The 2024 annual accounts show equity of €5,780 and a net result of €1,644. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 2465 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-26
Solvency39▼-13
Growth58=
Track record86
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
14.4%
Return on assets
4.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2465 sector peers (2024).
NBB · sector comparisonPosition among 2465 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €5,780
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
32 d late
2021
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
Equity
€5,780▲ 39.8%
2023 · €4,135
Total assets
€40,199▲ 166%
2023 · €15,113
Net result
€1,644▼ 57.4%
2023 · €3,864
Working capital
€880▲ 106%
2023 · €427
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€8,508--€9,232▼ 8.5%€4,985€9,061▲ 81.8%
Net result-€8,520below the sector's middle half--€9,808below the sector's middle half▼ 15.1%€3,864within the sector's middle half€1,644within the sector's middle half▼ 57.4%
Equity€10,080within the sector's middle half-€271below the sector's middle half▼ 97.3%€4,135below the sector's middle half▲ 1,424%€5,780below the sector's middle half▲ 39.8%
Total assets€14,634below the sector's middle half-€23,190below the sector's middle half▲ 58.5%€15,113below the sector's middle half▼ 34.8%€40,199below the sector's middle half▲ 166%
Debt€4,554-€22,919▲ 403%€10,978▼ 52.1%€34,420▲ 214%
Working capital€6,605--€7,908€427€880▲ 106%
Solvency68.9%within the sector's middle half-1.2%below the sector's middle half▼ 67.7pp27.4%within the sector's middle half▲ 26.2pp14.4%below the sector's middle half▼ 13.0pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 82% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40,199
Fixed assets
€4,899 ▲ 32.1%
Current assets
€35,300 ▲ 210%
Equity and liabilities €40,199
Equity
€5,780 ▲ 39.8%
Debt
€34,420 ▲ 214%
Debt's share of the balance-sheet total rises from 72.6% to 85.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,891▲
2023 · €10,075
Cash flow
€4,475▼
2023 · €8,954
Current ratio
1.03▼
2023 · 1.04
Debt to equity
5.96▲
2023 · 2.65
ROE
28.5%▼
2023 · 93.4%
ROA
4.1%▼
2023 · 25.6%
Interest coverage
20.07▲
2023 · 15.47
Debt ≤ 1 year
€34,420▲
2023 · €10,978
Income taxes
€6,824▲
2023 · €470
Staff costs
€41
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 2,541 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €41 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125 | €4,686 | €5,090 | €2,831 | ▼ 44.4% |
| Other operating charges640/8 | - | - | €1,772 | €8,609 | ▲ 386% |
| Gross operating margin9900 | -€8,383 | -€4,547 | €11,846 | €20,541 | ▲ 73.4% |
| Operating profit (loss)9901 | -€8,508 | -€9,232 | €4,985 | €9,061 | ▲ 81.8% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €13 | €576 | €651 | €593 | ▼ 9.0% |
| Recurring financial charges65 | €13 | €576 | €651 | €593 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | -€8,520 | -€9,808 | €4,333 | €8,468 | ▲ 95.4% |
| Income taxes67/77 | - | - | €470 | €6,824 | ▲ 1,353% |
| Profit (loss) for the period9904 | -€8,520 | -€9,808 | €3,864 | €1,644 | ▼ 57.4% |
| Profit (loss) for the period to be appropriated9905 | -€8,520 | -€9,808 | €3,864 | €1,644 | ▼ 57.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14,634 | €23,190 | €15,113 | €40,199 | ▲ 166% |
| Fixed assets21/28 | €3,475 | €8,179 | €3,708 | €4,899 | ▲ 32.1% |
| Intangible fixed assets21 | €3,475 | €4,675 | €2,276 | - | - |
| Tangible fixed assets22/27 | - | €3,335 | €1,263 | €1,930 | ▲ 52.8% |
| Furniture and vehicles24 | - | €3,335 | €1,263 | €1,930 | ▲ 52.8% |
| Financial fixed assets28 | - | €169 | €169 | €2,969 | ▲ 1,657% |
| Current assets29/58 | €11,159 | €15,011 | €11,405 | €35,300 | ▲ 210% |
| Amounts receivable within one year40/41 | €7,060 | €13,720 | €9,424 | €34,437 | ▲ 265% |
| Trade receivables40 | €4,949 | €13,710 | €9,033 | €33,686 | ▲ 273% |
| Other amounts receivable41 | €2,111 | €10 | €392 | €751 | ▲ 91.8% |
| Cash at bank and in hand54/58 | €3,857 | €1,069 | €883 | €295 | ▼ 66.6% |
| Deferred charges and accrued income490/1 | €242 | €223 | €1,098 | €568 | ▼ 48.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14,634 | €23,190 | €15,113 | €40,199 | ▲ 166% |
| Equity10/15 | €10,080 | €271 | €4,135 | €5,780 | ▲ 39.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€8,520 | -€18,329 | -€14,465 | -€12,821 | ▲ 11.4% |
| Amounts payable17/49 | €4,554 | €22,919 | €10,978 | €34,420 | ▲ 214% |
| Amounts payable within one year42/48 | €4,554 | €22,919 | €10,978 | €34,420 | ▲ 214% |
| Financial debts43 | - | €0 | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - |
| Trade debts44 | €3,525 | €9,880 | - | €6,686 | - |
| Suppliers440/4 | €3,525 | €9,880 | - | €6,686 | - |
| Taxes, remuneration and social security45 | - | €3,521 | €5,375 | €19,586 | ▲ 264% |
| Taxes450/3 | - | €3,521 | €5,375 | €19,586 | ▲ 264% |
| Other amounts payable47/48 | €1,030 | €9,518 | €5,602 | €8,148 | ▲ 45.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,520 | -€9,808 | €3,864 | €1,644 | ▼ 57.4% |
| + Depreciation and write-downs630 | €125 | €4,686 | €5,090 | €2,831 | ▼ 44.4% |
| Operating cash flow (approximation) | -€8,395 | -€5,122 | €8,954 | €4,475 | ▼ 50.0% |
| Investment in fixed assets (approximation) | - | -€9,390 | -€619 | -€4,022 | ▼ 550% |
| Change in cash | - | -€2,788 | -€186 | -€588 | ▼ 216% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
28-04
KBO administration
Address struck
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €3,864
Net result €3,864 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet -€9,808
Net result drops to -€9,808, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
SignalFinancial 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
3 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-Genesius-Rode · 1 establishment unit since 2021
Ground area
7,982 m²
Building footprint
1,579 m²
Volume, LiDAR
17,216 m³
2 parcels, Flanders, Wallonia · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
415
companies at this address
See who is registered here
1 establishment unit
MUFI srl
since 20212.324.745.748
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 fl. |
| 25054D0054/00Z002 | Wallonia | 675 m² | 1 · 126 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 368 companies in sector 90311 we hold annual accounts for 156. 45 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
Founded26-10-2021
Fiscal year end31-12
Abbreviation FR
NS
Activities, NACEBEL 2025
90311Arts creation and performing arts activities
90392Design and construction of stages and sets
90393Specialised image, lighting and sound technical services
90399Other support activities for arts and performing arts
93299Other amusement and recreation activities
Contact
E-mail
Admin@mufi.beBraine-l'Alleud
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776509744
Also
9925:BE0776509744
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.