MURANO INVEST (0743.858.653): annual accounts and directors

MURANO INVEST

Antwerp ·KBO/BCE: BE 0743.858.653

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company	Total assets	Gross margin	Solvency	Staff
MURANO INVEST Antwerp	€82.2m	€7.6m	46.5%	-
CENEL Zoersel	€64.7m	€6.3m	51.5%	0.8
Passport Belgium Brussels	€92.4m	€5.1m	-30.9%	-
PEC Belgium Ghent Etterbeek	€163.5m	€7.7m	34.4%	-
Gare Maritime Brussels	€174.2m	€9.9m	33.2%	-
Schuman Six Brussels	€46.4m	€4.2m	23.0%	0
IMMOBILIERE DE LA LAINE Brussels	€65.4m	€5.1m	19.2%	-

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	82.2m	84.5m	87.9m	88.9m	90.3m
Fixed assets`21/28`	79.4m	81.6m	84.0m	85.7m	86.2m
Tangible fixed assets`22/27`	79.4m	81.6m	84.0m	85.7m	86.2m
Land and buildings`22`	79.4m	81.6m	84.0m	85.7m	86.1m
Furniture and vehicles`24`	8,519	24,498	40,476	54,687	70,326
Current assets`29/58`	2.8m	3.0m	3.9m	3.2m	4.1m
Amounts receivable within one year`40/41`	952,829	1.2m	1.3m	1.0m	2.2m
Trade receivables`40`	624,628	885,885	903,711	805,021	2.2m
Other amounts receivable`41`	328,201	332,742	426,764	233,527	23,133
Cash at bank and in hand`54/58`	657,502	527,790	1.1m	1.1m	1.1m
Deferred charges and accrued income`490/1`	1.2m	1.2m	1.4m	1.1m	783,944
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	82.2m	84.5m	87.9m	88.9m	90.3m
Equity`10/15`	38.3m	38.9m	7.7m	10.0m	12.6m
Contributions`10/11`	47.1m	47.1m	13.5m	13.5m	13.5m
Capital`10`	47.1m	47.1m	13.5m	13.5m	13.5m
Issued capital`100`	47.1m	47.1m	13.5m	13.5m	13.5m
Profit (loss) carried forward`14`	-8.8m	-8.2m	-5.7m	-3.5m	-834,641
Amounts payable`17/49`	44.0m	45.7m	80.2m	78.9m	77.7m
Amounts payable after more than one year`17`	37.5m	40.2m	74.9m	72.9m	73.7m
Financial debts`170/4`	37.0m	39.7m	74.4m	72.8m	73.7m
Advances received on contracts in progress`176`	439,341	456,162	432,435	-	-
Other amounts payable`178/9`	73,166	73,166	73,166	100,126	83,148
Amounts payable within one year`42/48`	5.2m	4.2m	3.9m	4.9m	3.9m
Current portion of amounts payable after more than one year`42`	2.9m	2.9m	2.9m	2.9m	2.9m
Financial debts`43`	262,681	362,258	500,000	-	-
Credit institutions`430/8`	262,681	362,258	-	-	-
Other loans`439`	-	0	500,000	-	-
Trade debts`44`	568,677	428,786	422,792	1.4m	938,085
Suppliers`440/4`	568,677	428,786	422,792	1.4m	938,085
Taxes, remuneration and social security`45`	46,818	375,738	0	26,290	-
Taxes`450/3`	46,818	375,738	0	26,290	-
Other amounts payable`47/48`	1.4m	54,695	58,563	507,435	6,563
Accrued charges and deferred income`492/3`	1.3m	1.3m	1.3m	1.1m	52,064
Income statement
Gross operating margin`9900`	7.6m	7.3m	7.6m	5.7m	12.3m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2.8m	2.8m	2.7m	2.6m	4.3m
Other operating charges`640/8`	3.8m	4.1m	3.0m	2.1m	4.2m
Operating profit (loss)`9901`	1.0m	425,951	1.9m	1.1m	3.7m
Financial income`75/76B`	96	186,132	9,485	2,333	1
Recurring financial income`75`	96	186,132	9,485	2,333	1
Financial charges`65/66B`	1.6m	3.1m	4.1m	2.6m	4.6m
Recurring financial charges`65`	1.6m	3.1m	4.1m	2.6m	4.6m
Profit (loss) for the period before taxes`9903`	-586,583	-2.5m	-2.3m	-1.6m	-834,641
Profit (loss) for the period`9904`	-586,583	-2.5m	-2.3m	-1.6m	-834,641
Profit (loss) for the period to be appropriated`9905`	-586,583	-2.5m	-2.3m	-1.6m	-834,641
Appropriation of the result
Profit (loss) to be appropriated`9906`	-8.8m	-8.2m	-5.7m	-3.5m	-834,641
Profit (loss) brought forward from the previous period`14P`	-8.2m	-5.7m	-3.5m	-1.9m	-
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	30-04-2026	2026-00103498	PDF
31-12-2024	abbreviated format	06-05-2025	2025-00093632	PDF
31-12-2023	abbreviated format	16-05-2024	2024-00090904	PDF
31-12-2022	abbreviated format	12-06-2023	2023-00132068	PDF
31-12-2021	abbreviated format	29-07-2022	2022-20266371	PDF

Line	2025	2024	2023	2022	2021
EBITDA	3.8m	3.2m	4.6m	3.6m	8.1m
Cash flow	2.2m	298,260	475,131	964,175	3.5m
Investment in fixed assets	675,162	364,102	1.0m	2.1m	90.5m
Change in cash	129,712	-589,001	61,793	-78,672	-
Working capital	-2.4m	-1.2m	-55,383	-1.7m	247,593
Solvency	46.5%	46.0%	8.8%	11.2%	14.0%
Current ratio	0.54	0.71	0.99	0.65	1.06
Debt to equity	1.15	1.18	10.40	7.92	6.16
ROE	-1.5%	-6.4%	-29.3%	-15.9%	-6.6%
ROA	-0.7%	-2.9%	-2.6%	-1.8%	-0.9%
Interest coverage	2.40	1.04	1.11	1.36	1.76

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€39.1m	€42.0m	€44.8m	€47.7m	€50.2m
Mortgages, amount registered	€77,500	€77,500	€77,500	€77,500	€77,500
Mortgage mandates	€56.4m	€56.4m	€56.4m	€56.4m	€56.4m
Carrying value of the mortgaged assets	€75.4m	€77.8m	€80.1m	€82.5m	€84.8m

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€675,162	€364,102	€1.0m	€2.1m	€90.5m
Depreciation and write-downs of the year	€2.8m	€2.8m	€2.7m	€2.6m	€4.3m

Serax Immo via BUYSSE & PARTNERS SMART ASSETS (no longer at Serax Immo) and IMPOCON (no longer at Serax Immo) · deed of 02-10-2024 founded in 2015 · group BUYSSE & PARTNERS SMART ASSETS	turnover €1.4m (2025)
BOUWCOÖRDINATIE via IMPOCON, no longer at BOUWCOÖRDINATIE · Director · deed of 16-08-2022 founded in 1991	total assets €1.0m (2024)
Immo Quellin via IMPOCON, no longer at Immo Quellin · Director · deed of 31-05-2023 No longer active	total assets €6.0m (2024)
Proost Beheer via IMPOCON, no longer at Proost Beheer · Director · deed of 16-08-2021 No longer active	total assets €5.4m (2024)
HOP-INVEST via IMPOCON, no longer at HOP-INVEST · Director · deed of 28-04-2023 No longer active	total assets €1.8m (2024)
S.A.F.I.A. via IMPOCON, no longer at S.A.F.I.A. · Director · deed of 15-07-2022 No longer active	total assets €618,747 (2024)

Establishment	Since	Unit number
Jan Van Rijswijcklaan 162/1 registered office 2020 Antwerp
Jan Van Rijswijcklaan 162 2020 Antwerp	19-02-2020	2.301.427.839

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Solvency46.5%

Current ratio0.54

Return on assets-0.7%

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