MUISBROEK
ActiveMUISBROEK has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-79k) and a net result of €-34k. Equity is shrinking by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-1
Solvency8▼-8
Growth38=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.92 in 2024; short-term debt: 117.4% and cash: 0% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
-17.4%
Return on assets
-7.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-79k
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
6 d late
2022
21 d late
2021
2 d late
2020
1 d early
2019
12 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€79k▼ 63.9%
2024 · €220k
2018: €477k
2019: €482k
2020: €404k
2021: €535k
2022: €615k
2023: €145k
2024: €220k
2018 → 2025
EBIT margin
-38.5%▼ 21.1pp
2024 · -17.4%
2018: -2.5%
2019: -6.7%
2020: 6.5%
2021: 88.9%
2022: 1067.4%
2023: -23.4%
2024: -17.4%
2018 → 2025
Net result
€-34k▲ 3.2%
2024 · €-35k
2018: €-50k
2019: €-8k
2020: €28k
2021: €393k
2022: €5.55M
2023: €-78k
2024: €-35k
2018 → 2025
Working capital
€-78k▼ 79.0%
2024 · €-44k
2018: €372k
2019: €283k
2020: €373k
2021: €461k
2022: €-809k
2023: €7k
2024: €-44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€535k-€615k▲ 15.0%€145k▼ 76.4%€220k▲ 51.4%€79k▼ 63.9%
Equity€461k-€5.61M▲ 1,118%€-10k€-45k▼ 352%€-79k▼ 75.4%
Operating result€475k-€6.56M▲ 1,281%€-34k€-38k▼ 12.8%€-31k▲ 20.4%
Net result€393k-€5.55M▲ 1,312%€-78k€-35k▲ 55.4%€-34k▲ 3.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €38k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-17.4%▼
2024 · -8.8%
Current ratio
0.85▼
2024 · 0.92
Quick ratio
0.85▼
2024 · 0.92
Debt / equity
-6.75▲
2024 · -12.37
ROA
-7.5%▼
2024 · -6.8%
Debt
€530k▼
2024 · €554k
Debt ≤ 1 year
€530k▼
2024 · €553k
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€509k€451k▼
Current assets29/58€509k€451k▼
Amounts receivable within one year40/41€509k€374k▼
Trade receivables40€474k€294k▼
Other amounts receivable41€35k€80k▲
Cash at bank and in hand54/58€53€54▲
Deferred charges and accrued income490/1-€77k
Equity and liabilities
Total equity and liabilities10/49€509k€451k▼
Equity10/15€-45k€-79k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-113k€-147k▼
Amounts payable17/49€554k€530k▼
Amounts payable within one year42/48€553k€530k▼
Trade debts44€306k€367k▲
Suppliers440/4€306k€367k▲
Other amounts payable47/48€247k€163k▼
Accrued charges and deferred income492/3€1k€193▼
Income statement
Code20242025
Turnover70€220k€79k▼
Non-recurring operating income76A-€9k
Goods, raw materials, services and sundry goods60/61€258k€118k▼
Other operating charges640/8€141€144▲
Gross operating margin9900€-38k€-30k▲
Operating profit (loss)9901€-38k€-31k▲
Financial income75/76B€4k-
Recurring financial income75€4k-
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-35k€-34k▲
Profit (loss) for the period9904€-35k€-34k▲
Profit (loss) for the period to be appropriated9905€-35k€-34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-113k€-147k▼
Profit (loss) brought forward from the previous period14P€-78k€-113k▼
The notes to these accounts (1 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Weakest financial yearnet €-78k ▼101%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.01
Current ratio from 0.42 to 1.01; short-term debt falls from €1.39M to €957k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
31-12
Financial
Highest result since 2018net €5.55M ▲1312%
Operating result €6.56M, net result €5.55M, both a record.
31-12
Financial
Equity above €5MEq €5.61M ▲1118%
3 profitable years in a row build equity to €5.61M.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
31-12
Financial
Equity above €200kEq €461k ▲286%
2 profitable years in a row build equity to €461k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €119k ▲30.8%
Equity rises from €91k to €119k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-11-2025
Jacob Jan Kievit: Resigned as Director
01-06-2018
Quintuplex Engineering: Resigned as Director
15-01-2018
Arlette Pelemans: Resigned as Director
01-09-2017
Dirk Michielsens: Resigned as Director
30-11-2016
Kim Peeters: Resigned as Director
24-11-2015
Linda Van Petegem: Resigned as Director
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1992
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.
Haandorpweg(KAL) 19130 Beveren-Kruibeke-ZwijndrechtGround area
4.2 ha
Building footprint
2.1 ha
Volume, LiDAR
257,075 m³
Parcel 46010D0416/00C000, Flanders · tallest building 31.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CARGO AGENCY NV
since 19922.023.703.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010D0416/00C000 | Flanders | 4.2 ha | 1 · 2.1 ha | 31.0 m · 4 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.
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2X BEHEER
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 2,528 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1983
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.