Summary
MUNERIS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €364k and a net result of €-4k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 80% of 5547 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
9 d early
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€364k▼ 1.2%
2024 · €368k
2019: €91klowest in 7 years
2020: €115k▲ +25.8% vs 2019
2021: €168k▲ +46.5% vs 2020
2022: €254k▲ +51.2% vs 2021
2023: €331k▲ +30.4% vs 2022
2024: €368k▲ +11.1% vs 2023highest in 7 years
2025: €364k▼ -1.2% vs 2024
2019 → 2025
Net result
€-4k
2024 · €37k
2019: €11k
2020: €24k▲ +121% vs 2019
2021: €53k▲ +126% vs 2020
2022: €86k▲ +61.5% vs 2021highest in 7 years
2023: €77k▼ -10.3% vs 2022
2024: €37k▼ -52.3% vs 2023
2025: €-4k▼ -112% vs 2024lowest in 7 years
2019 → 2025
Total assets
€427k▲ 4.7%
2024 · €408k
2019: €184klowest in 7 years
2020: €243k▲ +31.8% vs 2019
2021: €249k▲ +2.6% vs 2020
2022: €343k▲ +37.9% vs 2021
2023: €435k▲ +26.7% vs 2022highest in 7 years
2024: €408k▼ -6.2% vs 2023
2025: €427k▲ +4.7% vs 2024
2019 → 2025
Solvency
85.2%▼ 5.1pp
2024 · 90.3%
2019: 49.6%
2020: 47.3%▼ -4.5% vs 2019lowest in 7 years
2021: 67.5%▲ +42.7% vs 2020
2022: 74.1%▲ +9.7% vs 2021
2023: 76.2%▲ +2.9% vs 2022
2024: 90.3%▲ +18.4% vs 2023highest in 7 years
2025: 85.2%▼ -5.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€168k-€254k▲ 51.2%€331k▲ 30.4%€368k▲ 11.1%€364k▼ 1.2%
2021: €168klowest in 5 years
2022: €254k▲ +51.2% vs 2021
2023: €331k▲ +30.4% vs 2022
2024: €368k▲ +11.1% vs 2023highest in 5 years
2025: €364k▼ -1.2% vs 2024
Operating result€77k-€127k▲ 64.2%€116k▼ 8.5%€56k▼ 52.2%€24k▼ 56.6%
2021: €77k
2022: €127k▲ +64.2% vs 2021highest in 5 years
2023: €116k▼ -8.5% vs 2022
2024: €56k▼ -52.2% vs 2023
2025: €24k▼ -56.6% vs 2024lowest in 5 years
Net result€53k-€86k▲ 61.5%€77k▼ 10.3%€37k▼ 52.3%€-4k
2021: €53k
2022: €86k▲ +61.5% vs 2021highest in 5 years
2023: €77k▼ -10.3% vs 2022
2024: €37k▼ -52.3% vs 2023
2025: €-4k▼ -112% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427k
Fixed assets
€45k ▼ 38.4%
Current assets
€382k ▲ 14.1%
Equity and liabilities €427k
Equity
€364k ▼ 1.2%
Debt
€63k ▲ 59.1%
Debt's share of the balance-sheet total rises from 9.7% to 14.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-1.2%▼
2024 · 10.0%
ROA
-1.0%▼
2024 · 9.0%
Debt ≤ 1 year
€63k▲
2024 · €40k
Income taxes
€25k▲
2024 · €18k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€408k€427k▲
Fixed assets21/28€73k€45k▼
Tangible fixed assets22/27€73k€45k▼
Land and buildings22€32k€29k▼
Furniture and vehicles24€41k€16k▼
Current assets29/58€335k€382k▲
Amounts receivable after more than one year29€30k-
Other amounts receivable291€30k-
Amounts receivable within one year40/41€206k€369k▲
Other amounts receivable41€206k€369k▲
Cash at bank and in hand54/58€98k€12k▼
Equity and liabilities
Total equity and liabilities10/49€408k€427k▲
Equity10/15€368k€364k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€350k€350k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€348k€348k=
Profit (loss) carried forward14-€-4k
Amounts payable17/49€40k€63k▲
Amounts payable within one year42/48€40k€63k▲
Financial debts43€25k-
Credit institutions430/8€25k-
Trade debts44€12k€51k▲
Suppliers440/4€12k€51k▲
Taxes, remuneration and social security45€2k€12k▲
Taxes450/3€2k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€36k▲
Other operating charges640/8€5k€18k▲
Gross operating margin9900€85k€78k▼
Operating profit (loss)9901€56k€24k▼
Financial income75/76B€13€73▲
Recurring financial income75€13€73▲
Financial charges65/66B€294€4k▲
Recurring financial charges65€294€4k▲
Profit (loss) for the period before taxes9903€55k€20k▼
Income taxes67/77€18k€25k▲
Profit (loss) for the period9904€37k€-4k▼
Profit (loss) for the period to be appropriated9905€37k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€-4k▼
Transfer to equity691/2€37k-
To other reserves6921€37k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €24k | €36k | ▲ 48.5% |
| Other operating charges640/8 | - | €1k | €12k | €5k | €18k | ▲ 232% |
| Gross operating margin9900 | €84k | €132k | €137k | €85k | €78k | ▼ 8.5% |
| Operating profit (loss)9901 | €77k | €127k | €116k | €56k | €24k | ▼ 56.6% |
| Financial income75/76B | - | €0 | €5 | €13 | €73 | ▲ 448% |
| Recurring financial income75 | - | €0 | €5 | €13 | €73 | ▲ 448% |
| Financial charges65/66B | - | €3k | €3k | €294 | €4k | ▲ 1,253% |
| Recurring financial charges65 | €181 | €3k | €3k | €294 | €4k | ▲ 1,253% |
| Profit (loss) for the period before taxes9903 | €77k | €124k | €113k | €55k | €20k | ▼ 63.4% |
| Income taxes67/77 | €24k | €38k | €36k | €18k | €25k | ▲ 33.7% |
| Profit (loss) for the period9904 | €53k | €86k | €77k | €37k | €-4k | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €53k | €86k | €77k | €37k | €-4k | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €249k | €343k | €435k | €408k | €427k | ▲ 4.7% |
| Fixed assets21/28 | €40k | €37k | €97k | €73k | €45k | ▼ 38.4% |
| Tangible fixed assets22/27 | €40k | €37k | €97k | €73k | €45k | ▼ 38.4% |
| Land and buildings22 | - | €36k | €34k | €32k | €29k | ▼ 9.8% |
| Furniture and vehicles24 | - | €796 | €63k | €41k | €16k | ▼ 60.5% |
| Current assets29/58 | €209k | €306k | €338k | €335k | €382k | ▲ 14.1% |
| Amounts receivable after more than one year29 | - | - | €30k | €30k | - | - |
| Other amounts receivable291 | - | - | €30k | €30k | - | - |
| Amounts receivable within one year40/41 | €43k | €132k | €112k | €206k | €369k | ▲ 79.6% |
| Trade receivables40 | - | €1k | - | - | - | - |
| Other amounts receivable41 | - | €131k | €112k | €206k | €369k | ▲ 79.6% |
| Cash at bank and in hand54/58 | €166k | €174k | €195k | €98k | €12k | ▼ 87.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €249k | €343k | €435k | €408k | €427k | ▲ 4.7% |
| Equity10/15 | €168k | €254k | €331k | €368k | €364k | ▼ 1.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €150k | €236k | €313k | €350k | €350k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €234k | €311k | €348k | €348k | = |
| Profit (loss) carried forward14 | €0 | - | - | - | €-4k | - |
| Amounts payable17/49 | €81k | €89k | €103k | €40k | €63k | ▲ 59.1% |
| Amounts payable within one year42/48 | €81k | €89k | €103k | €40k | €63k | ▲ 59.1% |
| Current portion of amounts payable after more than one year42 | - | €8k | - | - | - | - |
| Financial debts43 | - | €21k | - | €25k | - | - |
| Credit institutions430/8 | - | €21k | - | €25k | - | - |
| Trade debts44 | €7k | €33k | €91k | €12k | €51k | ▲ 323% |
| Suppliers440/4 | - | €33k | €91k | €12k | €51k | ▲ 323% |
| Taxes, remuneration and social security45 | - | €13k | €12k | €2k | €12k | ▲ 371% |
| Taxes450/3 | - | €13k | €12k | €2k | €12k | ▲ 371% |
| Other amounts payable47/48 | - | €13k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €86k | €77k | €37k | €-4k | ▼ 112% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €24k | €36k | ▲ 48.5% |
| Operating cash flow (approximation) | €57k | €90k | €81k | €61k | €31k | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | €-1k | €-65k | €0 | €-7k | - |
| Change in cash | - | €8k | €21k | €-97k | €-86k | ▲ 11.0% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 8.44
Current ratio from 3.27 to 8.44; short-term debt falls from €103k to €40k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €86k ▲61.5%
Operating result €127k, net result €86k, both a record.
30-06
Financial
Equity above €200kEq €254k ▲51.2%
4 profitable years in a row build equity to €254k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €150kEq €168k ▲46.5%
3 profitable years in a row build equity to €168k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €100kEq €115k ▲25.8%
2 profitable years in a row build equity to €115k.
Show earlier events
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Hasselt · 1 establishment unit since 2014
Ground area
1,161 m²
Building footprint
280 m²
Volume, LiDAR
1,066 m³
Parcel 71055A0466/00F005, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Muneris
since 20142.229.989.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71055A0466/00F005 | Flanders | 1,161 m² | 1 · 280 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,080 EUR | 1,080 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,775 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
Founded17-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
Phone
011729406
Scores and ratios are computed by Checked and are not a credit decision.