MUNDARE
ActiveSummary
The computed 12-month bankruptcy probability of MUNDARE is 1.7% (moderate). The 2024 annual accounts show equity of €3.5m and a net result of €354,160. Its solvency ranks better than 95% of 9973 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 2 accounts on average 44 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,126 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 |
|---|---|
| Non-recurring operating income76A | €367,496 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,086 |
| Other operating charges640/8 | €55,829 |
| Gross operating margin9900 | €477,137 |
| Operating profit (loss)9901 | €353,222 |
| Financial income75/76B | €7,152 |
| Recurring financial income75 | €7,152 |
| Financial charges65/66B | €111 |
| Recurring financial charges65 | €111 |
| Profit (loss) for the period before taxes9903 | €360,263 |
| Income taxes67/77 | €6,104 |
| Profit (loss) for the period9904 | €354,160 |
| Transfer from tax-exempt reserves789 | €14,763 |
| Transfer to tax-exempt reserves689 | €356,600 |
| Profit (loss) for the period to be appropriated9905 | €12,323 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €3.6m | |
| Fixed assets21/28 | €3.0m | |
| Tangible fixed assets22/27 | €3.0m | |
| Land and buildings22 | €3.0m | |
| Current assets29/58 | €594,107 | |
| Amounts receivable within one year40/41 | €35,000 | |
| Other amounts receivable41 | €35,000 | |
| Current investments50/53 | €300,000 | |
| Cash at bank and in hand54/58 | €235,386 | |
| Deferred charges and accrued income490/1 | €23,720 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €3.6m | |
| Equity10/15 | €3.5m | |
| Contributions10/11 | €1.3m | |
| Capital10 | €1.3m | |
| Issued capital100 | €1.3m | |
| Reserves13 | €2.2m | |
| Non-distributable reserves130/1 | €130,148 | |
| Legal reserve130 | €130,148 | |
| Tax-exempt reserves132 | €329,165 | |
| Distributable reserves133 | €1.7m | |
| Profit (loss) carried forward14 | €0 | |
| Provisions and deferred taxes16 | €89,150 | |
| Deferred taxes168 | €89,150 | |
| Amounts payable17/49 | €14,572 | |
| Amounts payable within one year42/48 | €12,718 | |
| Trade debts44 | €2,453 | |
| Suppliers440/4 | €2,453 | |
| Taxes, remuneration and social security45 | €4,212 | |
| Taxes450/3 | €4,212 | |
| Other amounts payable47/48 | €6,052 | |
| Accrued charges and deferred income492/3 | €1,854 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €354,160 |
| + Depreciation and write-downs630 | €68,086 |
| Operating cash flow (approximation) | €422,245 |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0141/00D004 | Flanders | 642 m² | 1 · 152 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.