Mufral
ActiveSummary
The computed 12-month bankruptcy probability of Mufral is 8.6% (elevated). The annual accounts of Mufral for fiscal year 2024 show a net loss of 110% of total assets and of 72% of the equity at the start of that year. The 2024 annual accounts show equity of €6,548 and a net result of -€16,642. Equity is shrinking by ~27.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 59% of 26049 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 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-7
Solvency68▲+14
Growth32▼-20
Track record78
Bankruptcy probability, 12 months
8.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.75 against 1.35 in 2023; short-term debt: 56.8% and cash: 51.9% of total assets), but 56.8% of the assets are financed with debt.
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Signals
Eight 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 · 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
43.2%
Return on assets
-109.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year -€16,642
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 25-07-2025, 6 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
28 d late
2022
3 d early
2021
9 d early
← 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 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout stopped
History
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Financials · fiscal year 2024, micro schema
Equity
€6,548▼ 71.8%
2023 · €23,190
Total assets
€15,162▼ 80.7%
2023 · €78,750
Net result
-€16,642▼ 123%
2023 · -€7,474
Working capital
€6,444▼ 66.5%
2023 · €19,231
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€19,875-€13,495▼ 32.1%-€7,012-€16,378▼ 134%
Net result€14,969within the sector's middle half-€9,695within the sector's middle half▼ 35.2%-€7,474below the sector's middle half-€16,642below the sector's middle half▼ 123%
Equity€20,969within the sector's middle half-€30,664within the sector's middle half▲ 46.2%€23,190within the sector's middle half▼ 24.4%€6,548within the sector's middle half▼ 71.8%
Total assets€116,088within the sector's middle half-€123,516within the sector's middle half▲ 6.4%€78,750within the sector's middle half▼ 36.2%€15,162below the sector's middle half▼ 80.7%
Debt€95,118-€92,852▼ 2.4%€55,560▼ 40.2%€8,614▼ 84.5%
Working capital€12,862within the sector's middle half-€25,899within the sector's middle half▲ 101%€19,231within the sector's middle half▼ 25.7%€6,444within the sector's middle half▼ 66.5%
Solvency18.1%within the sector's middle half-24.8%within the sector's middle half▲ 6.8pp29.4%within the sector's middle half▲ 4.6pp43.2%within the sector's middle half▲ 13.7pp
Current ratio1.14within the sector's middle half-1.28within the sector's middle half▲ 0.141.35within the sector's middle half▲ 0.071.75within the sector's middle half▲ 0.40
Return on assets (ROA)12.9%within the sector's middle half-7.8%within the sector's middle half▼ 5.0pp-9.5%below the sector's middle half▼ 17.3pp-109.8%below the sector's middle half▼ 100.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result stays negative: a loss of €16,378 in 2024 against €7,012 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15,162
Fixed assets
€103 ▼ 97.4%
Current assets
€15,058 ▼ 79.9%
Equity and liabilities €15,162
Equity
€6,548 ▼ 71.8%
Debt
€8,614 ▼ 84.5%
Debt's share of the balance-sheet total falls from 70.6% to 56.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€15,309▼
2023 · -€3,289
Cash flow
-€15,573▼
2023 · -€3,751
Quick ratio
1.53▲
2023 · 1.16
Debt to equity
1.32▼
2023 · 2.40
ROE
-254.2%▼
2023 · -32.2%
Interest coverage
-52.99▼
2023 · -6.80
Debt ≤ 1 year
€8,614▼
2023 · €55,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 8.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 3,597 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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,524 | €3,587 | €3,724 | €1,069 | ▼ 71.3% |
| Other operating charges640/8 | €429 | €680 | €831 | €528 | ▼ 36.5% |
| Non-recurring operating charges66A | - | - | - | €583 | - |
| Gross operating margin9900 | €22,827 | €17,762 | -€2,457 | -€14,198 | ▼ 478% |
| Operating profit (loss)9901 | €19,875 | €13,495 | -€7,012 | -€16,378 | ▼ 134% |
| Financial income75/76B | €148 | €23 | €21 | €25 | ▲ 16.9% |
| Recurring financial income75 | €148 | €23 | €21 | €25 | ▲ 16.9% |
| Financial charges65/66B | €1,447 | €941 | €483 | €289 | ▼ 40.2% |
| Recurring financial charges65 | €1,447 | €941 | €483 | €289 | ▼ 40.2% |
| Profit (loss) for the period before taxes9903 | €18,576 | €12,577 | -€7,474 | -€16,642 | ▼ 123% |
| Income taxes67/77 | €3,607 | €2,882 | - | - | - |
| Profit (loss) for the period9904 | €14,969 | €9,695 | -€7,474 | -€16,642 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €14,969 | €9,695 | -€7,474 | -€16,642 | ▼ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €116,088 | €123,516 | €78,750 | €15,162 | ▼ 80.7% |
| Fixed assets21/28 | €8,108 | €4,765 | €3,959 | €103 | ▼ 97.4% |
| Intangible fixed assets21 | - | €201 | €152 | €103 | ▼ 32.0% |
| Tangible fixed assets22/27 | €8,108 | €4,564 | €3,807 | - | - |
| Plant, machinery and equipment23 | - | - | €2,786 | - | - |
| Furniture and vehicles24 | €8,108 | €4,564 | €1,020 | - | - |
| Current assets29/58 | €107,980 | €118,751 | €74,791 | €15,058 | ▼ 79.9% |
| Stocks and contracts in progress3 | €40,967 | €15,899 | €10,442 | €1,846 | ▼ 82.3% |
| Stocks30/36 | €40,967 | €15,899 | €10,442 | €1,846 | ▼ 82.3% |
| Amounts receivable within one year40/41 | €28,321 | €22,260 | €6,058 | €5,063 | ▼ 16.4% |
| Trade receivables40 | €28,321 | €22,172 | €6,040 | €4,744 | ▼ 21.5% |
| Other amounts receivable41 | - | €89 | €18 | €319 | ▲ 1,700% |
| Cash at bank and in hand54/58 | €38,187 | €79,614 | €57,824 | €7,876 | ▼ 86.4% |
| Deferred charges and accrued income490/1 | €506 | €978 | €468 | €273 | ▼ 41.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €116,088 | €123,516 | €78,750 | €15,162 | ▼ 80.7% |
| Equity10/15 | €20,969 | €30,664 | €23,190 | €6,548 | ▼ 71.8% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €14,969 | €24,664 | €17,190 | €548 | ▼ 96.8% |
| Distributable reserves133 | €14,969 | €24,664 | €17,190 | €548 | ▼ 96.8% |
| Amounts payable17/49 | €95,118 | €92,852 | €55,560 | €8,614 | ▼ 84.5% |
| Amounts payable within one year42/48 | €95,118 | €92,852 | €55,560 | €8,614 | ▼ 84.5% |
| Trade debts44 | €79,236 | €77,620 | €50,764 | €6,458 | ▼ 87.3% |
| Suppliers440/4 | €79,236 | €77,620 | €50,764 | €6,458 | ▼ 87.3% |
| Taxes, remuneration and social security45 | €12,616 | €11,842 | €2,334 | - | - |
| Taxes450/3 | €5,171 | €5,842 | €334 | - | - |
| Remuneration and social security454/9 | €7,446 | €6,000 | €2,000 | - | - |
| Other amounts payable47/48 | €3,266 | €3,389 | €2,462 | €2,156 | ▼ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,969 | €9,695 | -€7,474 | -€16,642 | ▼ 123% |
| + Depreciation and write-downs630 | €2,524 | €3,587 | €3,724 | €1,069 | ▼ 71.3% |
| Operating cash flow (approximation) | €17,493 | €13,282 | -€3,751 | -€15,573 | ▼ 315% |
| Investment in fixed assets (approximation) | - | -€244 | -€2,917 | €2,786 | ▲ 196% |
| Change in cash | - | €41,427 | -€21,790 | -€49,948 | ▼ 129% |
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
2026
22-07
KBO administration
Address strikeout stopped
event 06-07-2026
01-06
KBO administration
Address struck
event 17-05-2026
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€16,642
Net result drops to -€16,642, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB 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.
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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-Genesius-Rode · 1 establishment unit since 2021
Ground area
346 m²
Building footprint
136 m²
Volume, LiDAR
1,013 m³
2 parcels, Flanders, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
190
companies at this address
See who is registered here
1 establishment unit
GENTLEMEN BARBER SHOP TUBIZE
since 20212.313.839.483
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22004C0677/00T000 | Flanders | 210 m² | 1 · 89 m² | 10.1 m · 3 fl. |
| 25105A0024/00K000 | Wallonia | 136 m² | 1 · 48 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 600 EUR awarded · 600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 600 EUR | 600 EUR |
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,080 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
Founded12-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763568261
Also
9925:BE0763568261
Registered
19-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.