Losses
-€68,489 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
MUIDE
Lifetime
15 annual accounts with figures on one time axispeak €57,706 (2022)
€16,179▼ 37.3%
lowest -€97,875 (2011)
-€29,448▼ €8,872
peak €391,519 (2016)
€258,949▼ 10.2%
€411,662▼ 0.7%
Board4 names since 2016
3 directorsNEIRYNCK Dirk and 2 others
Documentsfilings and deeds
25-08-202625 days late
2025abbreviated format
Gross margin from €25,821 to €16,179Loss of €29,448
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 32% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.3 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.02, cash €3,593
Loss of €29,448, the second in a row (financial year 2025)
lowers risk
Size: total assets €670,611
Figures for financial year 2025 (filed on 26-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 56% of them on solvency, 20% on liquidity, 25% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as MUIDE has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MUIDE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for MUIDE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.02 in 2024), below 1. Short-term debt is 49.5% and cash 0.5% of total assets. 61.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€29,448
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
25 days late
2023
20 days late
2022
12 days early
2021
9 days early
2020
3 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0828753647
Registered office moved from Gent Dok-Noord to Gent Millinocketstraat
New registered office: 9000 Gent Millinocketstraat 42 · Previous registered office: 9000 Gent Dok-Noord 19 · Resignations: VERMEERSCH Annie, NEIRYNCK Dirk and NEIRYNCK Gus · General meeting of 29-06-2023 · Gazette deed
Appointment: Vermeersch Annie (director)
General meeting of 04-05-2018 · Gazette deed
First establishment
Dok-Noord 19, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MUIDE Ghent | €670,611 | €16,179 | 38.6% | - |
| Devola Rotselaar | €707,325 | €16,899 | 99.4% | - |
| Z-INVEST Liedekerke | €597,439 | €17,602 | 37.8% | - |
| NEF Consultancy Ixelles | €658,034 | €17,545 | 64.5% | - |
| ANNEPHIL Ixelles | €691,198 | €11,622 | 84.8% | - |
| IMMO TRUYERS Heusden-Zolder | €627,365 | €23,154 | 44.0% | - |
| M&N STORE Ghent | €646,867 | €11,696 | 37.6% | 0 |
These companies have the same main activity as MUIDE: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €597,000 and €707,000, founded between 2007 and 2012.
Official details
Source: KBO- Status
- Active since 26-08-2010Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.191.481.3099000 Ghent, since 17-09-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Insights on MUIDE
MUIDE files the abbreviated format. That format states no turnover. The gross margin rose from -€16,247 in 2011 to €16,179 in 2025.
The balance sheet grew most in 2016 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MUIDE
- What is the company number of MUIDE?
- The company number of MUIDE is 0828.753.647. The VAT number is the same number with BE in front: BE 0828.753.647.
- Where is MUIDE based?
- The registered office is at Millinocketstraat 42, 9000 Ghent.Company details
- What does MUIDE do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of MUIDE?
- MUIDE is a public limited company (NV).
- When was MUIDE founded?
- MUIDE was founded on 26-08-2010.
- Is MUIDE still active?
- Yes, MUIDE is an active enterprise in the KBO register.
- What is the turnover of MUIDE?
- The turnover in financial year 2025 is ≈ €62,000. This figure is estimated from the gross margin of €16,179 and 30 comparable companies (NACE 68110). It probably lies between €34,000 and €160,000. It is a rough estimate.Financials
- Is MUIDE profitable?
- In financial year 2025, MUIDE made a loss of €29,448.
- Where can I find the annual accounts of MUIDE?
- MUIDE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MUIDE due?
- MUIDE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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