MUNDAKA
ActiveSummary
MUNDAKA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.76M and a net result of €-488k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-62
Solvency100▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 0.79 in 2024; short-term debt: 11.3% and cash: 0.5% of total assets), and 24.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
75.9%
Return on assets
-9.8%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
57 d late
2023
34 d early
2022
18 d early
2021
1 d late
2020
24 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-488k
2024 · €870k
2018: €314k
2019: €282k
2020: €80k
2021: €237k
2022: €95k
2023: €292k
2024: €870k
2018 → 2025
Working capital
€1.40M
2024 · €-150k
2018: €-387k
2019: €-197k
2020: €-162k
2021: €-32k
2022: €268k
2023: €-337k
2024: €-150k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.01M-€3.11M▲ 3.2%€3.38M▲ 8.8%€4.25M▲ 25.7%€3.76M▼ 11.5%
Operating result€134k-€64k▼ 52.0%€217k▲ 239%€338k▲ 55.2%€140k▼ 58.6%
Net result€237k-€95k▼ 59.7%€292k▲ 206%€870k▲ 198%€-488k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.96M
Fixed assets
€3.00M ▼ 42.4%
Current assets
€1.96M ▲ 238%
Equity and liabilities €4.96M
Equity
€3.76M ▼ 11.5%
Debt
€1.20M ▼ 22.2%
Debt's share of the balance-sheet total falls from 26.6% to 24.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.50▲
2024 · 0.79
Debt to equity
0.32▼
2024 · 0.36
ROE
-13.0%▼
2024 · 20.5%
ROA
-9.8%▼
2024 · 15.0%
Debt ≤ 1 year
€560k▼
2024 · €729k
Debt > 1 year
€619k▼
2024 · €794k
Income taxes
€29k▼
2024 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.79M€4.96M▼
Fixed assets21/28€5.21M€3.00M▼
Tangible fixed assets22/27€46k€46k=
Assets under construction and advance payments27€46k€46k=
Financial fixed assets28€5.16M€2.96M▼
Current assets29/58€579k€1.96M▲
Amounts receivable within one year40/41€180k€1.59M▲
Trade receivables40€180k€139k▼
Other amounts receivable41-€1.45M
Current investments50/53€340k€340k=
Cash at bank and in hand54/58€60k€27k▼
Equity and liabilities
Total equity and liabilities10/49€5.79M€4.96M▼
Equity10/15€4.25M€3.76M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€350k€350k=
Non-distributable reserves130/1€350k€350k=
Legal reserve130€10k€10k=
Own shares acquired1312€340k€340k=
Profit (loss) carried forward14€3.80M€3.31M▼
Amounts payable17/49€1.54M€1.20M▼
Amounts payable after more than one year17€794k€619k▼
Financial debts170/4€794k€619k▼
Amounts payable within one year42/48€729k€560k▼
Current portion of amounts payable after more than one year42€169k€175k▲
Financial debts43€4k€30k▲
Other loans439€4k€30k▲
Trade debts44€36k€83k▲
Suppliers440/4€36k€32k▼
Bills of exchange payable441-€51k
Taxes, remuneration and social security45€92k€47k▼
Taxes450/3€92k€47k▼
Other amounts payable47/48€428k€224k▼
Accrued charges and deferred income492/3€14k€17k▲
Income statement
Code20242025
Other operating charges640/8€968€66k▲
Gross operating margin9900€339k€206k▼
Operating profit (loss)9901€338k€140k▼
Financial income75/76B€665k€0▼
Recurring financial income75€665k€0▼
Financial charges65/66B€60k€599k▲
Recurring financial charges65€54k€42k▼
Non-recurring financial charges66B€6k€558k▲
Profit (loss) for the period before taxes9903€943k€-459k▼
Income taxes67/77€73k€29k▼
Profit (loss) for the period9904€870k€-488k▼
Profit (loss) for the period to be appropriated9905€870k€-488k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.80M€3.31M▼
Profit (loss) brought forward from the previous period14P€2.93M€3.80M▲
Profit to be distributed694/7-€0
Directors or managers695-€0
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-488k ▼156%
Net result drops to €-488k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 3.50
Current ratio from 0.79 to 3.50; short-term debt falls from €729k to €560k.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Highest result since 2018net €870k ▲198%
Operating result €338k, net result €870k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 5current ratio 3.27
Current ratio from 0.68 to 3.27.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Charleroi · 1 establishment unit since 2014
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.
Rue Champeau 556061 CharleroiGround area
5,355 m²
Building footprint
1,424 m²
Volume, LiDAR
772 m³
2 parcels, Wallonia · tallest building 8.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route de Trazegnies 250, 6031 Charleroi
since 20142.239.934.688
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52047B0011/00C000 | Wallonia | 2,900 m² | 1 · 102 m² | 8.3 m · 3 fl. |
| 52049C0878/00Z003 | Wallonia | 2,455 m² | 1 · 1,321 m² | - |
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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SUDEL
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 13,655 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.