Equity
€100,234 ▲ 35.4%
MULCH has made a profit in every financial year since 2019.
MULCH
Lifetime
7 annual accounts with figures on one time axispeak €41,067 (2025)
€41,067▲ 2.3%
peak €26,231 (2025)
€26,231▲ 2.2%
peak €100,234 (2025)
€100,234▲ 35.4%
€36,297▲ 3.5%
Board3 names since 2018
1 directorde Liedekerke Jacques Philippe Rasse
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Equity from €74,004 to €100,234Cash from €88,081 to €120,355
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 69% of micro companies in computer programming and consultancy (NACE 62)
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: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 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: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.68, cash €120,355
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €136,532
Equity €100,234 (73.4% of total assets)
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 62, micro). It does better than 67% of them on solvency, 76% on liquidity, 57% on profitability and 74% 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, 26,972 companies had the same profile as MULCH has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MULCH itself is lower: < 0.1% within 12 months. It rests on far more data about MULCH than the profile alone.
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 26,972 companies, not a prediction for MULCH. 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 €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.68 (2.93 in 2024), above the usual 1.5. Short-term debt is 26.6% and cash 88.2% of total assets. 26.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
18 days late
2023
5 days late
2022
23 days late
2021
31 days late
2020
122 days late
2019
1 day early
← 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 28 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 18 August (5 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
Reappointment: Le Comte de LIEDEKERKE Jacques (director)
Appointment: VERGÈS Alice (director) · “L’etude, la conception, la realisation et le controle de tous travaux et projets d’architecture de paysage et…” (deed in French) · Director discharge: Le Comte de LIEDEKERKE Jacques · General meeting of 24-06-2022 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0704668970
Incorporation
Founders: de LIEDEKERKE Jacques Philippe Rasse and VERGÈS Alice · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: de LIEDEKERKE Jacques Philippe Rasse (manager) · published on 19-09-2018 · Gazette deed
First establishment
Weigéliasdreef 12, Watermael-Boitsfort
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MULCH Watermael-Boitsfort | €136,532 | €41,067 | 73.4% | - |
| ITPT Rixensart | €147,068 | €40,656 | 81.1% | - |
| JFDS Consult Braine-l'Alleud | €134,792 | €38,693 | 65.9% | - |
| Entimos Services Wezembeek-Oppem | €148,229 | €50,109 | 51.8% | - |
| Teal Ocean Dilbeek | €117,897 | €38,933 | 91.7% | - |
| ANZA CORP Bernissart | €111,390 | €40,409 | 33.4% | - |
| FURLOOZE IT Molenbeek-Saint-Jean | €111,256 | €39,342 | 71.0% | - |
These companies have the same main activity as MULCH: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €111,000 and €148,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 17-09-2018Normal situation
- Activity
- Other information technology and computer servicesNACE 62900and 5 others
- Establishment unit
- 2.279.529.0011170 Watermael-Boitsfort, since 17-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €136,532▲ 25.2%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MULCH
MULCH files the micro format. That format states no turnover. The gross margin rose from €21,625 in 2019 to €41,067 in 2025.
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 MULCH
- What is the company number of MULCH?
- The company number of MULCH is 0704.668.970. The VAT number is the same number with BE in front: BE 0704.668.970.
- Where is MULCH based?
- The registered office is at Weigéliasdreef 12, 1170 Watermael-Boitsfort.Company details
- What does MULCH do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of MULCH?
- MULCH is a private limited company (BV).
- When was MULCH founded?
- MULCH was founded on 17-09-2018.
- Is MULCH still active?
- Yes, MULCH is an active enterprise in the KBO register.
- What is the turnover of MULCH?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €41,067 and 84 comparable companies (NACE 62). It probably lies between €100,000 and €180,000.Financials
- Is MULCH profitable?
- In financial year 2025, MULCH made a profit of €26,231.
- Where can I find the annual accounts of MULCH?
- MULCH filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MULCH due?
- MULCH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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