MUR-EXPERT
Annual accounts 2025
micro format, filed on 17-08-2026, 17 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €93,019 on 31-12-2025in euro
in euro
Position in the sector
1.6%
Higher than 10% of 35,136 companies in 2025.
0.66
Higher than 10% of 34,510 companies in 2025.
31.5%
Higher than 88% of 34,711 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€4,494
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, nobody joined and 1 person left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
93,019 | 120,467 | 109,395 | 71,486 | 93,451 | |
21/28 |
32,582 | 49,529 | 41,911 | 29,601 | 18,106 | |
21 |
- | 199 | 399 | 599 | 799 | |
22/27 |
31,882 | 48,630 | 40,811 | 28,301 | 16,606 | |
23 |
1,186 | 1,305 | 1,086 | 683 | 1,418 | |
24 |
26,408 | 42,161 | 33,685 | 20,701 | 7,396 | |
26 |
4,288 | 5,164 | 6,040 | 6,917 | 7,793 | |
28 |
700 | 700 | 700 | 700 | 700 | |
29/58 |
60,437 | 70,937 | 67,485 | 41,886 | 75,346 | |
3 |
2,683 | 1,846 | 2,160 | 1,099 | - | |
30/36 |
2,683 | 1,846 | 2,160 | 1,099 | - | |
40/41 |
3,383 | 7,630 | 9,224 | 7,735 | 17,935 | |
40 |
3,381 | 7,017 | 3,986 | 7,735 | 15,613 | |
41 |
1 | 613 | 5,238 | - | 2,322 | |
54/58 |
51,337 | 59,856 | 56,042 | 29,595 | 55,293 | |
490/1 |
3,034 | 1,606 | 59 | 3,457 | 2,117 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
93,019 | 120,467 | 109,395 | 71,486 | 93,451 | |
10/15 |
1,500 | 86,783 | 68,537 | 46,054 | 44,361 | |
10/11 |
1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
14 |
- | 85,283 | 67,037 | 44,554 | 42,861 | |
17/49 |
91,519 | 33,683 | 40,858 | 25,433 | 49,091 | |
17 |
- | 8,724 | 9,883 | - | - | |
170/4 |
- | 8,724 | 9,883 | - | - | |
42/48 |
91,519 | 24,959 | 30,975 | 25,433 | 49,091 | |
42 |
8,724 | 9,443 | 4,734 | - | 2,019 | |
44 |
7,953 | 1,274 | 4,846 | 3,386 | 11,097 | |
440/4 |
7,953 | 1,274 | 4,846 | 3,386 | 11,097 | |
45 |
16,564 | 4,683 | 9,906 | 5,503 | 13,987 | |
450/3 |
16,564 | 2,683 | 7,906 | 3,503 | 13,987 | |
454/9 |
- | 2,000 | 2,000 | 2,000 | - | |
47/48 |
58,278 | 9,560 | 11,489 | 16,544 | 21,987 | |
| Income statement | ||||||
70 |
- | 201,218 | - | - | - | |
9900 |
65,290 | 57,356 | 41,659 | 14,536 | 93,418 | |
60/61 |
- | 146,617 | - | - | - | |
62 |
3,595 | 17,309 | - | - | - | |
630 |
14,095 | 12,321 | 11,259 | 8,505 | 5,667 | |
640/8 |
4,858 | 1,823 | 785 | 2,346 | 31,606 | |
9901 |
42,741 | 25,903 | 29,616 | 3,685 | 56,145 | |
75/76B |
8 | 3 | 1 | - | 0 | |
75 |
8 | 3 | 1 | - | 0 | |
65/66B |
2,704 | 1,775 | 952 | 896 | 987 | |
65 |
2,704 | 1,775 | 952 | 896 | 987 | |
9903 |
40,045 | 24,131 | 28,664 | 2,789 | 55,158 | |
67/77 |
10,724 | 5,885 | 6,181 | 1,096 | 11,497 | |
9904 |
29,321 | 18,246 | 22,483 | 1,693 | 43,661 | |
9905 |
29,321 | 18,246 | 22,483 | 1,693 | 43,661 | |
| Appropriation of the result | ||||||
9906 |
114,604 | 85,283 | 67,037 | 44,554 | 43,661 | |
14P |
85,283 | 67,037 | 44,554 | 42,861 | - | |
694/7 |
114,604 | - | - | - | 800 | |
694 |
114,604 | - | - | - | 800 | |
| Social balance sheet | ||||||
9087 |
0.8 | - | - | - | - | |
Hours worked1013 |
144 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00402150.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00402150 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00446395 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00388205 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00401585 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20356491 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 56,836 | 38,225 | 40,875 | 12,190 | 61,812 | ||
| 43,416 | 30,568 | 33,742 | 10,198 | 49,328 | ||
| 995 | 19,940 | 23,569 | 20,000 | 55,273 | ||
| -8,518 | 3,814 | 26,446 | -25,698 | - | ||
| -31,082 | 45,978 | 36,509 | 16,453 | 26,255 | ||
| - | 12.9% | - | - | - | ||
| 1.6% | 72.0% | 62.7% | 64.4% | 47.5% | ||
| 0.66 | 2.84 | 2.18 | 1.65 | 1.53 | ||
| 0.63 | 2.77 | 2.11 | 1.60 | 1.53 | ||
| 61.01 | 0.39 | 0.60 | 0.55 | 1.11 | ||
| - | 21.0% | 32.8% | 3.7% | 98.4% | ||
| 31.5% | 15.1% | 20.6% | 2.4% | 46.7% | ||
| 21.02 | 21.54 | 42.92 | 13.60 | 62.65 | ||
| - | 13 days | - | - | - | ||
| - | 3 days | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €93,019, equity €1,500).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| 0.8 | |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €995 | €19,940 | €23,569 | €20,000 | €53,573 |
| Intangible fixed assets | - | - | - | - | €1,000 |
| Financial fixed assets | - | - | - | - | €700 |
| €14,095 | €12,321 | €11,259 | €8,505 | €5,667 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MUR-EXPERT
The operating result for 2025 is 65% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 28.0% to 98.4%. Equity is lower and debt is higher.