MULLENS - HALEN
ActiveMULLENS - HALEN has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.07M and a net result of €214k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
73
/ 100
Healthy▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-48
Solvency81▼-14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.95 in 2024), but 55.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
4.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
67 d late
2023
61 d late
2022
35 d late
2021
115 d early
2020
15 d early
2019
47 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.07M▼ 16.8%
2024 · €2.48M
2018: €1.73M
2019: €1.74M
2020: €1.85M
2021: €1.86M
2022: €1.83M
2023: €1.98M
2024: €2.48M
2018 → 2025
Total assets
€4.64M▼ 5.0%
2024 · €4.89M
2018: €3.86M
2019: €3.56M
2020: €3.64M
2021: €3.53M
2022: €3.84M
2023: €3.98M
2024: €4.89M
2018 → 2025
Net result
€214k▼ 57.1%
2024 · €499k
2018: €48k
2019: €5k
2020: €113k
2021: €59k
2022: €28k
2023: €205k
2024: €499k
2018 → 2025
Working capital
€1.24M▼ 27.5%
2024 · €1.71M
2018: €1.21M
2019: €1.31M
2020: €1.40M
2021: €1.29M
2022: €1.22M
2023: €1.38M
2024: €1.71M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.86M-€1.83M▼ 1.7%€1.98M▲ 8.6%€2.48M▲ 25.1%€2.07M▼ 16.8%
Operating result€108k-€116k▲ 7.4%€314k▲ 171%€719k▲ 129%€319k▼ 55.6%
Net result€59k-€28k▼ 52.0%€205k▲ 622%€499k▲ 144%€214k▼ 57.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.64M
Fixed assets
€1.34M▼ 2.9%
Current assets
€3.30M▼ 5.9%
Equity and liabilities €4.64M
Equity
€2.07M▼ 16.8%
Debt
€2.57M▲ 7.1%
The debt ratio rises from 49.2% to 55.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€421k▼
2024 · €818k
Cash flow
€315k▼
2024 · €597k
Solvency
44.5%▼
2024 · 50.8%
Current ratio
1.60▼
2024 · 1.95
Quick ratio
0.56▼
2024 · 0.58
Debt / equity
1.25▲
2024 · 0.97
ROE
10.4%▼
2024 · 20.1%
ROA
4.6%▼
2024 · 10.2%
Interest coverage
12.49▼
2024 · 22.72
Debt
€2.57M▲
2024 · €2.40M
Debt ≤ 1 year
€2.06M▲
2024 · €1.79M
Debt > 1 year
€516k▼
2024 · €609k
Income taxes
€76k▼
2024 · €185k
Staff costs
€829k▼
2024 · €840k
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€4.89M€4.64M▼
Fixed assets21/28€1.38M€1.34M▼
Tangible fixed assets22/27€1.38M€1.34M▼
Land and buildings22€1.15M€1.10M▼
Plant, machinery and equipment23€218k€205k▼
Furniture and vehicles24€13k€38k▲
Current assets29/58€3.50M€3.30M▼
Stocks and contracts in progress3€2.47M€2.14M▼
Stocks30/36€2.47M€2.14M▼
Amounts receivable within one year40/41€26k€38k▲
Trade receivables40€0-
Other amounts receivable41€26k€38k▲
Cash at bank and in hand54/58€1.01M€1.12M▲
Equity and liabilities
Total equity and liabilities10/49€4.89M€4.64M▼
Equity10/15€2.48M€2.07M▼
Contributions10/11€1.02M€391k▼
Reserves13€1.46M€1.67M▲
Non-distributable reserves130/1€85k€0▼
Reserves not available under the articles1311€85k€0▼
Distributable reserves133€1.38M€1.67M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€2.40M€2.57M▲
Amounts payable after more than one year17€609k€516k▼
Financial debts170/4€609k€516k▼
Amounts payable within one year42/48€1.79M€2.06M▲
Current portion of amounts payable after more than one year42€91k€93k▲
Trade debts44€1.32M€880k▼
Suppliers440/4€1.32M€880k▼
Taxes, remuneration and social security45€378k€454k▲
Taxes450/3€325k€408k▲
Remuneration and social security454/9€53k€47k▼
Other amounts payable47/48€0€630k▲
Income statement
Code20242025
Remuneration, social security and pensions62€840k€829k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€101k▲
Other operating charges640/8€29k€34k▲
Gross operating margin9900€1.69M€1.28M▼
Operating profit (loss)9901€719k€319k▼
Financial income75/76B€194€5k▲
Recurring financial income75€194€5k▲
Financial charges65/66B€36k€34k▼
Recurring financial charges65€36k€34k▼
Profit (loss) for the period before taxes9903€683k€290k▼
Income taxes67/77€185k€76k▼
Profit (loss) for the period9904€499k€214k▼
Profit (loss) for the period to be appropriated9905€499k€214k▼
Appropriation of the result
Profit (loss) to be appropriated9906€499k€214k▼
Transfer from equity791/2€0-
Transfer to equity691/2€499k€214k▼
To other reserves6921€499k€214k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908714.30.0▼
The notes to these accounts (17 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
31-12
Financial
Highest result since 2018net €499k ▲144%
Operating result €719k, net result €499k, both a record.
31-12
Financial
Equity above €2MEq €2.48M ▲25.1%
7 profitable years in a row build equity to €2.48M.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 35 days late
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Weakest financial yearnet €5k ▼89.2%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 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.
12-11-2025
LUDOMAR: Resigned as Director
12-11-2025
MULLERS GASPARD: Resigned as Director
31-03-2025
Ans Mullens: Resigned as Director
15-02-2013
Gaspard Mullens: Resigned as Manager
15-02-2013
LUDOMAR: Resigned as Manager
15-02-2013
MULLENS Annick: Resigned as Manager
15-02-2013
MULLENS Dominique: Resigned as Manager
Location & real-estate footprint
Registered office, Halen · 2 establishment units since 1977
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.
Diestersteenweg 233545 HalenGround area
7,263 m²
Building footprint
1,602 m²
Volume, LiDAR
8,992 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Diestersteenweg 23, 3545 Halen
since 19772.014.069.891
Mullens Halen
since 20122.233.759.748
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0228/00M002 | Flanders | 4,166 m² | 1 · 703 m² | 8.9 m · 2 fl. |
| 71020B0202/02E000 | Flanders | 3,097 m² | 1 · 899 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Geel Automotive
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FRANCORCHAMPS MOTORS BRUSSELS
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Of 10,620 companies in sector 47811 we hold annual accounts for 5,193. 2,326 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-1977
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
29100Manufacture of motor vehicles, trailers and semi-trailers
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:013/44.21.80