MUNNIN LABS
ActiveSummary
MUNNIN LABS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €2k. Its solvency ranks better than 54% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-45
Solvency89▼-6
Growth52
Track record82
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.62 against 3.08 in 2024; short-term debt: 36.4% of total assets), and 36.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
63.6%
Return on assets
7.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 2 filingsDeviation from the deadline
2025
4 d late
2024
30 d early
← 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, micro schema
Equity
€20k▲ 12.6%
2024 · €18k
2024: €18k
2024 → 2025
Total assets
€31k▲ 24.3%
2024 · €25k
2024: €25k
2024 → 2025
Net result
€2k▼ 84.9%
2024 · €15k
2024: €15k
2024 → 2025
Working capital
€18k▲ 18.6%
2024 · €16k
2024: €16k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€18k-€20k▲ 12.6%
Operating result€20k-€4k▼ 81.4%
Net result€15k-€2k▼ 84.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€1k ▼ 31.9%
Current assets
€30k ▲ 29.4%
Equity and liabilities €31k
Equity
€20k ▲ 12.6%
Debt
€11k ▲ 52.0%
Debt's share of the balance-sheet total rises from 29.8% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €22k
Cash flow
€3k▼
2024 · €17k
Current ratio
2.62▼
2024 · 3.08
Debt to equity
0.57▲
2024 · 0.42
ROE
11.2%▼
2024 · 83.0%
ROA
7.1%▼
2024 · 58.3%
Interest coverage
3.23▼
2024 · 13.79
Debt ≤ 1 year
€11k▲
2024 · €7k
Income taxes
€1k▼
2024 · €4k
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25k€31k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€23k€30k▲
Amounts receivable within one year40/41€23k€30k▲
Trade receivables40€9k-
Other amounts receivable41€14k€30k▲
Cash at bank and in hand54/58€204-
Deferred charges and accrued income490/1-€162
Equity and liabilities
Total equity and liabilities10/49€25k€31k▲
Equity10/15€18k€20k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€15k€17k▲
Amounts payable17/49€7k€11k▲
Amounts payable within one year42/48€7k€11k▲
Financial debts43-€122
Credit institutions430/8-€122
Trade debts44€661€1k▲
Suppliers440/4€661€1k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€7k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€669▼
Other operating charges640/8€100€27▼
Gross operating margin9900€22k€4k▼
Operating profit (loss)9901€20k€4k▼
Financial income75/76B€394€1k▲
Recurring financial income75€394€1k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€19k€4k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€15k€2k▼
Profit (loss) for the period to be appropriated9905€15k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€17k▲
Profit (loss) brought forward from the previous period14P-€15k
The notes to these accounts (4 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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Aalst
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.
Groeneweg 179320 AalstGround area
3,635 m²
Building footprint
798 m²
Volume, LiDAR
5,686 m³
Parcel 41342B0933/00H000, Flanders · tallest building 26.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0933/00H000 | Flanders | 3,635 m² | 1 · 798 m² | 26.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 12,992 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 formPrivate limited company
Founded07-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
62900Other information technology and computer services
68110Buying and selling of own real estate
85599Other education
85699Other educational support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.