MUNIC MANAGEMENT
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388288.
Annual accounts 2025 filed on 05-08-2026 at the NBB
Turnover
≈ €170,000
Estimated: probably between €100,000 and €340,000
Total assets
€371,047
Net result
€19,303
Working capital
-€210,694
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €371,047
Fixed assets
€343,000
Current assets
€28,047
Equity and liabilities €371,047
Equity
€23,303
Debt
€347,743
Debt's share of the balance-sheet total is 93.7%.
Key figures and ratios
Current ratio
0.12
Debt to equity
14.92
ROE
82.8%
ROA
5.2%
Debt ≤ 1 year
€238,741
Debt > 1 year
€108,842
Income taxes
€6,925
Investments
| Item | 2025 |
|---|---|
| Financial fixed assets | €343,000 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| Gross operating margin9900 | €30,885 |
| Operating profit (loss)9901 | €30,885 |
| Financial charges65/66B | €4,656 |
| Recurring financial charges65 | €4,656 |
| Profit (loss) for the period before taxes9903 | €26,229 |
| Income taxes67/77 | €6,925 |
| Profit (loss) for the period9904 | €19,303 |
| Profit (loss) for the period to be appropriated9905 | €19,303 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €371,047 | |
| Fixed assets21/28 | €343,000 | |
| Tangible fixed assets22/27 | €0 | |
| Furniture and vehicles24 | €0 | |
| Financial fixed assets28 | €343,000 | |
| Current assets29/58 | €28,047 | |
| Amounts receivable within one year40/41 | €7,260 | |
| Trade receivables40 | €7,260 | |
| Other amounts receivable41 | €0 | |
| Cash at bank and in hand54/58 | €19,718 | |
| Deferred charges and accrued income490/1 | €1,069 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €371,047 | |
| Equity10/15 | €23,303 | |
| Contributions10/11 | €4,000 | |
| Profit (loss) carried forward14 | €19,303 | |
| Amounts payable17/49 | €347,743 | |
| Amounts payable after more than one year17 | €108,842 | |
| Financial debts170/4 | €108,842 | |
| Amounts payable within one year42/48 | €238,741 | |
| Current portion of amounts payable after more than one year42 | €23,838 | |
| Trade debts44 | €627 | |
| Suppliers440/4 | €627 | |
| Taxes, remuneration and social security45 | €14,794 | |
| Taxes450/3 | €13,204 | |
| Remuneration and social security454/9 | €1,590 | |
| Other amounts payable47/48 | €199,481 | |
| Accrued charges and deferred income492/3 | €160 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €19,303 |
| Operating cash flow (approximation) | €19,303 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 05-08-2026 | 2026-00388288 |