MULLER SERVICES
ActiveSummary
MULLER SERVICES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25k and a net result of €-5k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▲+10
Solvency87▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.29 in 2023; short-term debt: 30.9% and cash: 14.8% of total assets), and 37.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 2024Solvency, return and age of the figures
Solvency
62.1%
Return on assets
-11.9%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
19 d early
2022
7 d late
2021
5 d late
2020
9 d late
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€25k▼ 16.1%
2023 · €30k
Total assets
€40k▼ 9.7%
2023 · €45k
Net result
€-5k▲ 54.0%
2023 · €-10k
Working capital
€17k▲ 8.9%
2023 · €15k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-5k▲ 8.8%€25k€11k▼ 54.3%€-9k€-3k▲ 71.6%
Net result€-5k▲ 8.4%€24k€12k▼ 51.5%€-10k€-5k▲ 54.0%
Equity€5k▼ 48.2%€29k▲ 463%€40k▲ 39.9%€30k▼ 26.0%€25k▼ 16.1%
Total assets€35k▲ 96.7%€49k▲ 39.5%€58k▲ 19.7%€45k▼ 23.3%€40k▼ 9.7%
Debt€30k▲ 280%€20k▼ 33.3%€18k▼ 9.6%€15k▼ 17.3%€15k▲ 3.2%
Working capital€-13k▼ 730%€18k€18k▲ 2.4%€15k▼ 16.3%€17k▲ 8.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€11k ▼ 35.8%
Current assets
€29k ▲ 6.7%
Equity and liabilities €40k
Equity
€25k ▼ 16.1%
Debt
€15k ▲ 3.2%
Debt's share of the balance-sheet total rises from 33.2% to 37.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▲
2023 · €-646
Cash flow
€407▲
2023 · €-2k
Current ratio
2.35▲
2023 · 2.29
Quick ratio
2.14▼
2023 · 2.21
Debt to equity
0.61▲
2023 · 0.50
ROE
-19.2%▲
2023 · -35.1%
ROA
-11.9%▲
2023 · -23.4%
Interest coverage
0.75▲
2023 · -0.55
Debt ≤ 1 year
€12k▲
2023 · €12k
Debt > 1 year
€3k=
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4 | €37 | €18 | €5 | ▼ 72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €10k | €6k | €9k | €5k | ▼ 39.7% |
| Other operating charges640/8 | - | €2k | €5k | €2k | €5k | ▲ 157% |
| Non-recurring operating charges66A | - | €188 | €977 | €334 | €45 | ▼ 86.5% |
| Gross operating margin9900 | €5k | €38k | €24k | €2k | €8k | ▲ 354% |
| Operating profit (loss)9901 | €-5k | €25k | €11k | €-9k | €-3k | ▲ 71.6% |
| Financial income75/76B | - | - | €413 | - | €1k | - |
| Recurring financial income75 | - | - | €413 | - | €1k | - |
| Non-recurring financial income76B | - | - | €413 | - | €1k | - |
| Financial charges65/66B | - | €1k | €363 | €1k | €3k | ▲ 195% |
| Recurring financial charges65 | €43 | €118 | €363 | €1k | €3k | ▲ 197% |
| Non-recurring financial charges66B | - | €1k | - | €5 | - | - |
| Profit (loss) for the period before taxes9903 | €-5k | €24k | €12k | €-10k | €-5k | ▲ 54.0% |
| Profit (loss) for the period9904 | €-5k | €24k | €12k | €-10k | €-5k | ▲ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €24k | €12k | €-10k | €-5k | ▲ 54.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €49k | €58k | €45k | €40k | ▼ 9.7% |
| Fixed assets21/28 | €21k | €14k | €25k | €17k | €11k | ▼ 35.8% |
| Tangible fixed assets22/27 | €21k | €13k | €24k | €17k | €11k | ▼ 36.5% |
| Plant, machinery and equipment23 | - | €888 | - | - | - | - |
| Furniture and vehicles24 | - | €12k | €21k | €14k | €8k | ▼ 41.5% |
| Other tangible fixed assets26 | - | - | €3k | €3k | €3k | ▼ 11.4% |
| Financial fixed assets28 | - | €348 | €348 | €348 | €348 | = |
| Current assets29/58 | €14k | €35k | €34k | €27k | €29k | ▲ 6.7% |
| Stocks and contracts in progress3 | - | €231 | €314 | €927 | €3k | ▲ 177% |
| Stocks30/36 | - | €231 | €314 | €927 | €3k | ▲ 177% |
| Amounts receivable within one year40/41 | €9k | €20k | €5k | €4k | €12k | ▲ 178% |
| Trade receivables40 | - | €19k | €2k | €4k | €8k | ▲ 117% |
| Other amounts receivable41 | - | €514 | €2k | €425 | €3k | ▲ 717% |
| Cash at bank and in hand54/58 | €5k | €15k | €28k | €10k | €6k | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | - | €689 | €13k | €9k | ▼ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €49k | €58k | €45k | €40k | ▼ 9.7% |
| Equity10/15 | €5k | €29k | €40k | €30k | €25k | ▼ 16.1% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Reserves13 | €14k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-49k | €-15k | €-4k | €-14k | €-19k | ▼ 34.3% |
| Amounts payable17/49 | €30k | €20k | €18k | €15k | €15k | ▲ 3.2% |
| Amounts payable after more than one year17 | €3k | €3k | €3k | €3k | €3k | = |
| Other amounts payable178/9 | - | €3k | €3k | €3k | €3k | = |
| Amounts payable within one year42/48 | €27k | €17k | €15k | €12k | €12k | ▲ 3.9% |
| Trade debts44 | €5k | €13k | €15k | €10k | €8k | ▼ 19.8% |
| Suppliers440/4 | - | €13k | €15k | €10k | €8k | ▼ 19.8% |
| Other amounts payable47/48 | - | €4k | €97 | €2k | €4k | ▲ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €24k | €12k | €-10k | €-5k | ▲ 54.0% |
| + Depreciation and write-downs630 | €8k | €10k | €6k | €9k | €5k | ▼ 39.7% |
| Operating cash flow (approximation) | €3k | €34k | €18k | €-2k | €407 | ▲ 122% |
| Investment in fixed assets (approximation) | - | €-3k | €-17k | €-1k | €963 | ▲ 181% |
| Change in cash | - | €10k | €13k | €-18k | €-4k | ▲ 78.4% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 2.06
Current ratio from 0.53 to 2.06; short-term debt falls from €27k to €17k.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are 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, Wavre · 2 establishment units since 2005
Ground area
3,673 m²
Building footprint
403 m²
Volume, LiDAR
2,239 m³
2 parcels, Wallonia · tallest building 18.9 m, ±2 floors. Linked by address, not a title deed.
27
companies at this address
See who is registered here
2 establishment units
MULLER SERVICES
since 20052.150.067.653
MULLER SERVICES
since 20232.340.879.620
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0095/00B000 | Wallonia | 3,101 m² | 1 · 262 m² | 18.9 m · 2 fl. |
| 53048C0595/00Y000 | Wallonia | 572 m² | 1 · 141 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
B-FUNERALS
BE 0844.811.305
Etterbeek · Eq €24,845
ALVEUS
BE 0536.452.461
Ukkel · Eq €24,808
UITVAARTCENTRUM FERYN
BE 1008.690.231
Lichtervelde · Eq €24,494
ISABELLE ANCART
BE 0648.917.231
Mont-Saint-Guibert · Eq €24,091
VAN LABEKE
BE 0461.724.552
Lochristi · Eq €24,055
Of 903 companies in sector 96301 we hold annual accounts for 612. 259 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
Founded25-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
Scores and ratios are computed by Checked and are not a credit decision.