MUR-EXPERT
ActiveSummary
The computed 12-month bankruptcy probability of MUR-EXPERT is 2.3% (moderate). The 2025 annual accounts show equity of €2k and a net result of €29k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+10
Solvency27▼-70
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
1.6%
Return on assets
31.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 5 filingsDeviation from the deadline
2025
17 d late
2024
29 d late
2023
26 d late
2022
30 d late
2021
29 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€201k
EBIT margin
12.9%
Net result
€29k▲ 60.7%
2024 · €18k
2021: €44khighest in 5 years
2022: €2k▼ -96.1% vs 2021lowest in 5 years
2023: €22k▲ +1228% vs 2022
2024: €18k▼ -18.8% vs 2023
2025: €29k▲ +60.7% vs 2024
2021 → 2025
Working capital
€-31k
2024 · €46k
2021: €26k
2022: €16k▼ -37.3% vs 2021
2023: €37k▲ +122% vs 2022
2024: €46k▲ +25.9% vs 2023highest in 5 years
2025: €-31k▼ -168% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€201k
Equity€44k-€46k▲ 3.8%€69k▲ 48.8%€87k▲ 26.6%€2k▼ 98.3%
2021: €44k
2022: €46k▲ +3.8% vs 2021
2023: €69k▲ +48.8% vs 2022
2024: €87k▲ +26.6% vs 2023highest in 5 years
2025: €2k▼ -98.3% vs 2024lowest in 5 years
Operating result€56k-€4k▼ 93.4%€30k▲ 704%€26k▼ 12.5%€43k▲ 65.0%
2021: €56khighest in 5 years
2022: €4k▼ -93.4% vs 2021lowest in 5 years
2023: €30k▲ +704% vs 2022
2024: €26k▼ -12.5% vs 2023
2025: €43k▲ +65.0% vs 2024
Net result€44k-€2k▼ 96.1%€22k▲ 1,228%€18k▼ 18.8%€29k▲ 60.7%
2021: €44khighest in 5 years
2022: €2k▼ -96.1% vs 2021lowest in 5 years
2023: €22k▲ +1228% vs 2022
2024: €18k▼ -18.8% vs 2023
2025: €29k▲ +60.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 65% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€33k ▼ 34.2%
Current assets
€60k ▼ 14.8%
Equity and liabilities €93k
Equity
€2k ▼ 98.3%
Debt
€92k ▲ 172%
Debt's share of the balance-sheet total rises from 28.0% to 98.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57k▲
2024 · €38k
Cash flow
€43k▲
2024 · €31k
Current ratio
0.66▼
2024 · 2.84
Quick ratio
0.63▼
2024 · 2.77
Debt to equity
61.01▲
2024 · 0.39
ROA
31.5%▲
2024 · 15.1%
Interest coverage
21.02▼
2024 · 21.54
Debt ≤ 1 year
€92k▲
2024 · €25k
Income taxes
€11k▲
2024 · €6k
Staff costs
€4k▼
2024 · €17k
A ratio outside any meaningful range has been withheld (balance sheet total €93k, equity €2k).
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€120k€93k▼
Fixed assets21/28€50k€33k▼
Intangible fixed assets21€199-
Tangible fixed assets22/27€49k€32k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€42k€26k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€700€700=
Current assets29/58€71k€60k▼
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€8k€3k▼
Trade receivables40€7k€3k▼
Other amounts receivable41€613€1▼
Cash at bank and in hand54/58€60k€51k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€120k€93k▼
Equity10/15€87k€2k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€85k-
Amounts payable17/49€34k€92k▲
Amounts payable after more than one year17€9k-
Financial debts170/4€9k-
Amounts payable within one year42/48€25k€92k▲
Current portion of amounts payable after more than one year42€9k€9k▼
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€5k€17k▲
Taxes450/3€3k€17k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€10k€58k▲
Income statement
Code20242025
Turnover70€201k-
Goods, raw materials, services and sundry goods60/61€147k-
Remuneration, social security and pensions62€17k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€57k€65k▲
Operating profit (loss)9901€26k€43k▲
Financial income75/76B€3€8▲
Recurring financial income75€3€8▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€24k€40k▲
Income taxes67/77€6k€11k▲
Profit (loss) for the period9904€18k€29k▲
Profit (loss) for the period to be appropriated9905€18k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€85k€115k▲
Profit (loss) brought forward from the previous period14P€67k€85k▲
Profit to be distributed694/7-€115k
Return on contributions (dividend)694-€115k
The notes to these accounts (11 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €201k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €147k | - | - |
| Remuneration, social security and pensions62 | - | - | - | €17k | €4k | ▼ 79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €9k | €11k | €12k | €14k | ▲ 14.4% |
| Other operating charges640/8 | €32k | €2k | €785 | €2k | €5k | ▲ 167% |
| Gross operating margin9900 | €93k | €15k | €42k | €57k | €65k | ▲ 13.8% |
| Operating profit (loss)9901 | €56k | €4k | €30k | €26k | €43k | ▲ 65.0% |
| Financial income75/76B | €0 | - | €1 | €3 | €8 | ▲ 221% |
| Recurring financial income75 | €0 | - | €1 | €3 | €8 | ▲ 221% |
| Financial charges65/66B | €987 | €896 | €952 | €2k | €3k | ▲ 52.4% |
| Recurring financial charges65 | €987 | €896 | €952 | €2k | €3k | ▲ 52.4% |
| Profit (loss) for the period before taxes9903 | €55k | €3k | €29k | €24k | €40k | ▲ 65.9% |
| Income taxes67/77 | €11k | €1k | €6k | €6k | €11k | ▲ 82.2% |
| Profit (loss) for the period9904 | €44k | €2k | €22k | €18k | €29k | ▲ 60.7% |
| Profit (loss) for the period to be appropriated9905 | €44k | €2k | €22k | €18k | €29k | ▲ 60.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €71k | €109k | €120k | €93k | ▼ 22.8% |
| Fixed assets21/28 | €18k | €30k | €42k | €50k | €33k | ▼ 34.2% |
| Intangible fixed assets21 | €799 | €599 | €399 | €199 | - | - |
| Tangible fixed assets22/27 | €17k | €28k | €41k | €49k | €32k | ▼ 34.4% |
| Plant, machinery and equipment23 | €1k | €683 | €1k | €1k | €1k | ▼ 9.1% |
| Furniture and vehicles24 | €7k | €21k | €34k | €42k | €26k | ▼ 37.4% |
| Other tangible fixed assets26 | €8k | €7k | €6k | €5k | €4k | ▼ 17.0% |
| Financial fixed assets28 | €700 | €700 | €700 | €700 | €700 | = |
| Current assets29/58 | €75k | €42k | €67k | €71k | €60k | ▼ 14.8% |
| Stocks and contracts in progress3 | - | €1k | €2k | €2k | €3k | ▲ 45.4% |
| Stocks30/36 | - | €1k | €2k | €2k | €3k | ▲ 45.4% |
| Amounts receivable within one year40/41 | €18k | €8k | €9k | €8k | €3k | ▼ 55.7% |
| Trade receivables40 | €16k | €8k | €4k | €7k | €3k | ▼ 51.8% |
| Other amounts receivable41 | €2k | - | €5k | €613 | €1 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €55k | €30k | €56k | €60k | €51k | ▼ 14.2% |
| Deferred charges and accrued income490/1 | €2k | €3k | €59 | €2k | €3k | ▲ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €71k | €109k | €120k | €93k | ▼ 22.8% |
| Equity10/15 | €44k | €46k | €69k | €87k | €2k | ▼ 98.3% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €43k | €45k | €67k | €85k | - | - |
| Amounts payable17/49 | €49k | €25k | €41k | €34k | €92k | ▲ 172% |
| Amounts payable after more than one year17 | - | - | €10k | €9k | - | - |
| Financial debts170/4 | - | - | €10k | €9k | - | - |
| Amounts payable within one year42/48 | €49k | €25k | €31k | €25k | €92k | ▲ 267% |
| Current portion of amounts payable after more than one year42 | €2k | - | €5k | €9k | €9k | ▼ 7.6% |
| Trade debts44 | €11k | €3k | €5k | €1k | €8k | ▲ 524% |
| Suppliers440/4 | €11k | €3k | €5k | €1k | €8k | ▲ 524% |
| Taxes, remuneration and social security45 | €14k | €6k | €10k | €5k | €17k | ▲ 254% |
| Taxes450/3 | €14k | €4k | €8k | €3k | €17k | ▲ 517% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | - | - |
| Other amounts payable47/48 | €22k | €17k | €11k | €10k | €58k | ▲ 510% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €2k | €22k | €18k | €29k | ▲ 60.7% |
| + Depreciation and write-downs630 | €6k | €9k | €11k | €12k | €14k | ▲ 14.4% |
| Operating cash flow (approximation) | €49k | €10k | €34k | €31k | €43k | ▲ 42.0% |
| Investment in fixed assets (approximation) | - | €-20k | €-24k | €-20k | €3k | ▲ 114% |
| Change in cash | - | €-26k | €26k | €4k | €-9k | ▼ 323% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼96.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Villers-la-Ville · 1 establishment unit since 2020
Ground area
430 m²
Building footprint
110 m²
Volume, LiDAR
720 m³
Parcel 25107B0495/00L000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MUR-EXPERT
since 20202.306.522.220
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25107B0495/00L000 | Wallonia | 430 m² | 1 · 110 m² | 8.5 m · 2 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.
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Of 368 companies in sector 43421 we hold annual accounts for 205. 34 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
Founded20-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43421Specialised construction activities
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
43410Roofing work
Contact
Scores and ratios are computed by Checked and are not a credit decision.