MUNRI
ActiveSummary
The computed 12-month bankruptcy probability of MUNRI is 2.4% (moderate). The 2024 annual accounts show negative equity (€-9k) and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 9624 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-15
Solvency13▲+13
Growth58=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.52 in 2023; short-term debt: 106.3% and cash: 7.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-12.4%
Return on assets
19.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 9624 sector peers (2024).
NBB · sector comparisonPosition among 9624 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
31 d early
2022
28 d early
2021
30 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€-9k▲ 61.6%
2023 · €-24k
Total assets
€75k▼ 7.8%
2023 · €81k
Net result
€15k▼ 15.9%
2023 · €18k
Working capital
€-32k▲ 28.6%
2023 · €-45k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-16k-€-42k▼ 162%€6k€24k▲ 272%€24k▼ 0.7%
Net result€-19k-€-45k▼ 145%€2k€18k▲ 705%€15k▼ 15.9%
Equity€1k-€-44k€-42k▲ 5.0%€-24k▲ 42.3%€-9k▲ 61.6%
Total assets€106k-€75k▼ 29.1%€84k▲ 12.2%€81k▼ 4.0%€75k▼ 7.8%
Debt€104k-€119k▲ 14.1%€126k▲ 5.9%€105k▼ 16.7%€84k▼ 20.2%
Working capital€5k-€-33k€-37k▼ 12.5%€-45k▼ 22.5%€-32k▲ 28.6%
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 falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75k
Fixed assets
€27k ▼ 16.6%
Current assets
€47k ▼ 1.8%
Key figures and ratios
EBITDA
€29k▼
2023 · €29k
Cash flow
€20k▼
2023 · €23k
Solvency
-12.4%▲
2023 · -29.8%
Current ratio
0.60▲
2023 · 0.52
Quick ratio
0.08▲
2023 · 0.01
Debt to equity
-9.05▼
2023 · -4.35
ROA
19.9%▼
2023 · 21.9%
Interest coverage
3.33▼
2023 · 4.75
Debt ≤ 1 year
€79k▼
2023 · €93k
Debt > 1 year
€5k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15 | €0 | €180 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €5k | €5k | €5k | €5k | = |
| Other operating charges640/8 | - | €2k | €5k | €4k | €2k | ▼ 33.4% |
| Gross operating margin9900 | €-12k | €-34k | €16k | €33k | €32k | ▼ 4.8% |
| Operating profit (loss)9901 | €-16k | €-42k | €6k | €24k | €24k | ▼ 0.7% |
| Financial income75/76B | - | €0 | €202 | €57 | €3 | ▼ 94.5% |
| Recurring financial income75 | €1k | €0 | €202 | €57 | €3 | ▼ 94.5% |
| Financial charges65/66B | - | €4k | €4k | €6k | €9k | ▲ 41.9% |
| Recurring financial charges65 | €4k | €4k | €4k | €6k | €9k | ▲ 41.9% |
| Profit (loss) for the period before taxes9903 | €-19k | €-45k | €2k | €18k | €15k | ▼ 15.9% |
| Profit (loss) for the period9904 | €-19k | €-45k | €2k | €18k | €15k | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-45k | €2k | €18k | €15k | ▼ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €75k | €84k | €81k | €75k | ▼ 7.8% |
| Fixed assets21/28 | €47k | €44k | €38k | €33k | €27k | ▼ 16.6% |
| Tangible fixed assets22/27 | €46k | €43k | €37k | €32k | €27k | ▼ 17.0% |
| Furniture and vehicles24 | - | €2k | €1k | €1k | €720 | ▼ 33.7% |
| Other tangible fixed assets26 | - | €41k | €36k | €31k | €26k | ▼ 16.4% |
| Financial fixed assets28 | €825 | €825 | €825 | €825 | €825 | = |
| Current assets29/58 | €59k | €31k | €46k | €48k | €47k | ▼ 1.8% |
| Stocks and contracts in progress3 | €25k | €21k | €20k | €47k | €41k | ▼ 13.6% |
| Stocks30/36 | - | €21k | €20k | €47k | €41k | ▼ 13.6% |
| Amounts receivable within one year40/41 | €2k | €5k | €16k | €1k | €814 | ▼ 28.5% |
| Trade receivables40 | - | €4k | €13k | €1k | €814 | ▼ 28.5% |
| Other amounts receivable41 | - | €998 | €3k | - | - | - |
| Cash at bank and in hand54/58 | €18k | €5k | €10k | - | €6k | - |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €75k | €84k | €81k | €75k | ▼ 7.8% |
| Equity10/15 | €1k | €-44k | €-42k | €-24k | €-9k | ▲ 61.6% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-19k | €-64k | €-62k | €-44k | €-29k | ▲ 33.7% |
| Amounts payable17/49 | €104k | €119k | €126k | €105k | €84k | ▼ 20.2% |
| Amounts payable after more than one year17 | €51k | €35k | €21k | €12k | €5k | ▼ 62.1% |
| Financial debts170/4 | - | €35k | €21k | €12k | €5k | ▼ 62.1% |
| Amounts payable within one year42/48 | €54k | €64k | €83k | €93k | €79k | ▼ 14.8% |
| Current portion of amounts payable after more than one year42 | - | €41k | €44k | €9k | €32k | ▲ 245% |
| Financial debts43 | - | €0 | - | €16k | - | - |
| Credit institutions430/8 | - | €0 | - | €16k | - | - |
| Trade debts44 | €10k | €9k | €21k | €43k | €1k | ▼ 97.0% |
| Suppliers440/4 | - | €9k | €21k | €43k | €1k | ▼ 97.0% |
| Advances received on contracts in progress46 | - | - | - | - | €985 | - |
| Taxes, remuneration and social security45 | - | €14k | €16k | €24k | €22k | ▼ 8.8% |
| Taxes450/3 | - | €14k | €16k | €24k | €22k | ▼ 8.8% |
| Other amounts payable47/48 | - | €579 | €2k | €297 | €22k | ▲ 7,447% |
| Accrued charges and deferred income492/3 | - | €20k | €22k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €-45k | €2k | €18k | €15k | ▼ 15.9% |
| + Depreciation and write-downs630 | €3k | €5k | €5k | €5k | €5k | = |
| Operating cash flow (approximation) | €-15k | €-40k | €8k | €23k | €20k | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €1 | €-1 | ▼ 268% |
| Change in cash | - | €-13k | €6k | - | - | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €18k ▲705%
Operating result €24k, net result €18k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2019
Ground area
3.4 ha
Building footprint
3,321 m²
Parcel 71327G0695/00B002, Flanders. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
SIS
since 20192.294.720.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0695/00B002 | Flanders | 3.4 ha | 1 · 3,321 m² | - |
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.
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Of 2,213 companies in sector 47711 we hold annual accounts for 887. 167 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
Founded11-10-2019
Fiscal year end31-12
Trade name NL
SIS
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Contact
E-mail
sishasselt@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.