MULECO
ActiveSummary
For MULECO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€13,828) and a net result of €1,464. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 10635 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability67▲+67
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-109.9%
Return on assets
11.6%
Age of the figures
33 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-06-2024, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
32 d early
2022
32 d early
2021
24 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€13,828▲ 9.6%
2022 · -€15,292
Total assets
€12,587▼ 24.9%
2022 · €16,771
Net result
€1,464
2022 · -€6,146
Working capital
-€13,828▲ 9.6%
2022 · -€15,292
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20192020202120222023
Operating result-€12,949▼ 617%-€5,716▲ 55.9%€10,465-€6,002€1,629
Net result-€21,829▼ 978%-€6,218below the sector's middle half▲ 71.5%€10,324within the sector's middle half-€6,146below the sector's middle half€1,464within the sector's middle half
Equity-€13,251-€19,469below the sector's middle half▼ 46.9%-€9,145below the sector's middle half▲ 53.0%-€15,292below the sector's middle half▼ 67.2%-€13,828below the sector's middle half▲ 9.6%
Total assets€12,348▼ 61.0%€19,012below the sector's middle half▲ 54.0%€22,368below the sector's middle half▲ 17.7%€16,771below the sector's middle half▼ 25.0%€12,587below the sector's middle half▼ 24.9%
Debt€25,599▲ 10.9%€38,482▲ 50.3%€31,513▼ 18.1%€32,063▲ 1.7%€26,414▼ 17.6%
Working capital-€16,328-€19,469▼ 19.2%-€9,145▲ 53.0%-€15,292▼ 67.2%-€13,828▲ 9.6%
Solvency-107.3%▼ 134.4pp-102.4%below the sector's middle half▲ 4.9pp-40.9%below the sector's middle half▲ 61.5pp-91.2%below the sector's middle half▼ 50.3pp-109.9%below the sector's middle half▼ 18.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 returns to profit in 2023: €1,629 after a loss of €6,002 in 2022.
Key figures and ratios
Current ratio
0.48▼
2022 · 0.52
Debt to equity
-1.91▲
2022 · -2.10
ROA
11.6%▲
2022 · -36.6%
Debt ≤ 1 year
€26,414▼
2022 · €32,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,858 | €4,049 | - | - | - | - |
| Other operating charges640/8 | - | - | €805 | €1,883 | €663 | ▼ 64.8% |
| Gross operating margin9900 | -€8,029 | €322 | €11,270 | -€4,120 | €2,292 | ▲ 156% |
| Operating profit (loss)9901 | -€12,949 | -€5,716 | €10,465 | -€6,002 | €1,629 | ▲ 127% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €0 | €0 | - | - | €0 | - |
| Financial charges65/66B | - | - | €141 | €144 | €165 | ▲ 14.5% |
| Recurring financial charges65 | €765 | €503 | €141 | €144 | €165 | ▲ 14.5% |
| Profit (loss) for the period before taxes9903 | -€13,714 | -€6,218 | €10,324 | -€6,146 | €1,464 | ▲ 124% |
| Income taxes67/77 | €8,115 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€21,829 | -€6,218 | €10,324 | -€6,146 | €1,464 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | -€21,829 | -€6,218 | €10,324 | -€6,146 | €1,464 | ▲ 124% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,348 | €19,012 | €22,368 | €16,771 | €12,587 | ▼ 24.9% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €4,049 | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €4,049 | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Current assets29/58 | €8,299 | €19,012 | €22,368 | €16,771 | €12,587 | ▼ 24.9% |
| Stocks and contracts in progress3 | - | €4,247 | - | - | - | - |
| Amounts receivable within one year40/41 | €6,980 | €9,400 | €19,795 | €14,278 | €10,284 | ▼ 28.0% |
| Trade receivables40 | - | - | €19,629 | €13,568 | €9,413 | ▼ 30.6% |
| Other amounts receivable41 | - | - | €166 | €710 | €870 | ▲ 22.5% |
| Cash at bank and in hand54/58 | €25 | €5,099 | €836 | €1,773 | €1,572 | ▼ 11.3% |
| Deferred charges and accrued income490/1 | - | - | €1,737 | €720 | €731 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,348 | €19,012 | €22,368 | €16,771 | €12,587 | ▼ 24.9% |
| Equity10/15 | -€13,251 | -€19,469 | -€9,145 | -€15,292 | -€13,828 | ▲ 9.6% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€33,711 | -€39,929 | -€29,605 | -€35,752 | -€34,288 | ▲ 4.1% |
| Amounts payable17/49 | €25,599 | €38,482 | €31,513 | €32,063 | €26,414 | ▼ 17.6% |
| Amounts payable after more than one year17 | €972 | - | - | - | - | - |
| Amounts payable within one year42/48 | €24,627 | €38,482 | €31,513 | €32,063 | €26,414 | ▼ 17.6% |
| Trade debts44 | €3,574 | €3,853 | €682 | €3,631 | €1,398 | ▼ 61.5% |
| Suppliers440/4 | - | - | €682 | €3,631 | €1,398 | ▼ 61.5% |
| Taxes, remuneration and social security45 | - | - | €27,002 | €3,900 | €735 | ▼ 81.2% |
| Taxes450/3 | - | - | €160 | - | - | - |
| Remuneration and social security454/9 | - | - | €26,842 | €3,900 | €735 | ▼ 81.2% |
| Other amounts payable47/48 | - | - | €3,829 | €24,532 | €24,282 | ▼ 1.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,829 | -€6,218 | €10,324 | -€6,146 | €1,464 | ▲ 124% |
| + Depreciation and write-downs630 | €4,858 | €4,049 | - | - | - | - |
| Operating cash flow (approximation) | -€16,971 | -€2,170 | €10,324 | -€6,146 | €1,464 | ▲ 124% |
| Change in cash | - | €5,074 | -€4,263 | €937 | -€201 | ▼ 121% |
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
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,464
Net result €1,464 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €10,324
Net result €10,324 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 309 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 674 days late
2019
31-12
Financial
Weakest financial yearnet -€21,829
Net result drops to -€21,829, the lowest in the series; recovery starts the following year.
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2014
Ground area
519 m²
Building footprint
84 m²
Volume, LiDAR
483 m³
Parcel 71462E0339/00G002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Muleco
since 20142.236.041.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462E0339/00G002 | Flanders | 519 m² | 1 · 84 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 2,695 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 (pre-2019)
Founded14-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563972945
Also
9925:BE0563972945
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.