MUNTOR
ActiveMUNTOR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €123k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 6956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
98
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.94 against 10.8 in 2024), and 12.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
87.4%
Return on assets
36.1%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
13 d early
2023
19 d early
2022
17 d early
2021
16 d early
2020
26 d early
2019
13 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€298k▼ 10.7%
2024 · €334k
2018: €210k
2019: €291k
2020: €327k
2021: €197k
2022: €214k
2023: €249k
2024: €334k
2018 → 2025
Total assets
€342k▼ 7.0%
2024 · €367k
2018: €303k
2019: €312k
2020: €334k
2021: €210k
2022: €231k
2023: €269k
2024: €367k
2018 → 2025
Net result
€123k▲ 7.8%
2024 · €114k
2018: €118k
2019: €81k
2020: €37k
2021: €44k
2022: €19k
2023: €37k
2024: €114k
2018 → 2025
Working capital
€213k▼ 34.1%
2024 · €323k
2018: €257k
2019: €287k
2020: €323k
2021: €193k
2022: €197k
2023: €236k
2024: €323k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€214k▲ 8.9%€249k▲ 16.5%€334k▲ 34.0%€298k▼ 10.7%
Operating result€61k-€27k▼ 55.0%€49k▲ 78.7%€158k▲ 223%€171k▲ 8.6%
Net result€44k-€19k▼ 56.7%€37k▲ 95.5%€114k▲ 207%€123k▲ 7.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€85k▲ 683%
Current assets
€256k▼ 28.1%
Equity and liabilities €342k
Equity
€298k▼ 10.7%
Debt
€43k▲ 30.9%
The debt ratio rises from 9.0% to 12.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€179k▲
2024 · €161k
Cash flow
€131k▲
2024 · €117k
Solvency
87.4%▼
2024 · 91.0%
Current ratio
5.94▼
2024 · 10.80
Quick ratio
5.94▼
2024 · 10.80
Debt / equity
0.14▲
2024 · 0.10
ROE
41.3%▲
2024 · 34.2%
ROA
36.1%▲
2024 · 31.1%
Interest coverage
836.54▲
2024 · 557.45
Debt
€43k▲
2024 · €33k
Debt ≤ 1 year
€43k▲
2024 · €33k
Income taxes
€52k▲
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€367k€342k▼
Fixed assets21/28€11k€85k▲
Tangible fixed assets22/27€11k€85k▲
Furniture and vehicles24€8k€82k▲
Other tangible fixed assets26€3k€3k=
Current assets29/58€356k€256k▼
Amounts receivable after more than one year29€120k€0▼
Other amounts receivable291€120k€0▼
Amounts receivable within one year40/41€48k€38k▼
Trade receivables40€26k€31k▲
Other amounts receivable41€22k€7k▼
Current investments50/53€100k€100k=
Cash at bank and in hand54/58€65k€102k▲
Deferred charges and accrued income490/1€23k€16k▼
Equity and liabilities
Total equity and liabilities10/49€367k€342k▼
Equity10/15€334k€298k▼
Contributions10/11€6k€6k=
Reserves13€328k€292k▼
Distributable reserves133€328k€292k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€33k€43k▲
Amounts payable within one year42/48€33k€43k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€31k€39k▲
Taxes450/3€31k€39k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€162k€181k▲
Operating profit (loss)9901€158k€171k▲
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Financial charges65/66B€288€214▼
Recurring financial charges65€288€214▼
Profit (loss) for the period before taxes9903€164k€175k▲
Income taxes67/77€50k€52k▲
Profit (loss) for the period9904€114k€123k▲
Profit (loss) for the period to be appropriated9905€114k€123k▲
Appropriation of the result
Profit (loss) to be appropriated9906€114k€123k▲
Transfer from equity791/2€29k€159k▲
Transfer to equity691/2€114k€123k▲
To other reserves6921€114k€123k▲
Profit to be distributed694/7€29k€159k▲
Return on contributions (dividend)694€29k€159k▲
The notes to these accounts (9 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €123k ▲7.8%
Operating result €171k, net result €123k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €19k ▼56.7%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €214k ▲8.9%
5 profitable years in a row build equity to €214k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 48.10
Current ratio from 14.65 to 48.10; short-term debt falls from €21k to €7k.
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 14.65
Current ratio from 6.92 to 14.65; short-term debt falls from €43k to €21k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2012
04-04
State Gazette act
General meeting · Director reappointment
Permanent representative
2011
28-02
State Gazette act
General meeting · Name change
Director resignation · Director appointment · Jean-Philippe Lagae
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zwevegem · 1 establishment unit since 2011
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.
Vierkeerstraat(H) 1708551 ZwevegemGround area
184 m²
Building footprint
184 m²
Volume, LiDAR
967 m³
Parcel 34014A0606/00F000, Flanders · tallest building 18.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Muntor
since 20112.196.052.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34014A0606/00F000 | Flanders | 184 m² | 1 · 184 m² | 18.5 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.
Structure & network
Ownership & control
1 partyMUNTORBE 0833.382.329
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 2,706 companies in sector 73200 we hold annual accounts for 1,776. 1,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-2011
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.