Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Of this, €25,583 falls due within a year.
In July 2024, 7,637 companies had the same profile as Mulo Projects has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,637 companies, not a prediction for Mulo Projects. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Mulo Projects Hemiksem | €19,067 | -€5,642 | -77.1% | - |
| Naomi Nouwen Dilsen-Stokkem | €25,399 | €1,008 | -72.1% | - |
| Rary Racing Ixelles | €9,738 | -€14,479 | -244.1% | - |
| SPORTMONKEY Heusden-Zolder | €45,696 | -€19,464 | -14.5% | - |
| GREENLEAF Lokeren | €46,296 | -€1,580 | 14.5% | - |
| Fitclinic_be Braine-le-Château | €16,585 | -€3,965 | -25.1% | - |
| THOMAS_JUMP Gerpinnes | €39,542 | -€7,301 | -7.3% | - |
These companies have the same main activity as Mulo Projects: activities of independent sportspeople (NACE 93192). They are comparable in size and age: total assets between €9,740 and €46,300, founded between 2018 and 2024.
The 2024 annual accounts show negative equity (-€14,705) and a net result of -€15,040. Its solvency ranks better than 12% of 3,055 sector peers (NACE 93, financial year 2024).
The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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