MURAT
ActiveSummary
MURAT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€48,769) and a net result of €1,158. Equity is shrinking by ~29% per year across the filed fiscal years. Its solvency ranks better than 15% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+7
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.77 in 2024; short-term debt: 128.5% and cash: 0.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-28.5%
Return on assets
0.7%
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 15% of 18458 sector peers (2025).
NBB · sector comparisonPosition among 18458 sector peers
Solvency
better than 15%
← weakest
strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
77 d early
2023
77 d early
2022
77 d early
2021
47 d early
2020
60 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€48,769▲ 2.3%
2024 · -€49,927
Total assets
€171,211▼ 1.0%
2024 · €173,026
Net result
€1,158▼ 17.4%
2024 · €1,402
Working capital
-€49,545▲ 3.1%
2024 · -€51,140
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
Line20212022202320242025
Operating result-€30,325▼ 265%-€21,455▲ 29.2%€4,297€2,049▼ 52.3%€1,559▼ 23.9%
Net result-€31,399▼ 187%-€23,508▲ 25.1%€9€1,402▲ 15,478%€1,158▼ 17.4%
Equity-€27,830-€51,338▼ 84.5%-€51,329=-€49,927▲ 2.7%-€48,769▲ 2.3%
Total assets€128,688▲ 24.2%€132,548▲ 3.0%€172,218▲ 29.9%€173,026▲ 0.5%€171,211▼ 1.0%
Debt€156,518▲ 56.5%€183,886▲ 17.5%€223,547▲ 21.6%€222,953▼ 0.3%€219,980▼ 1.3%
Working capital-€33,665▼ 508%-€55,098▼ 63.7%-€53,815▲ 2.3%-€51,140▲ 5.0%-€49,545▲ 3.1%
Staff (FTE)0.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,211
Fixed assets
€776 ▼ 36.0%
Current assets
€170,435 ▼ 0.8%
Key figures and ratios
EBITDA
€3,039▼
2024 · €3,322
Cash flow
€2,638▼
2024 · €2,675
Solvency
-28.5%▲
2024 · -28.9%
Current ratio
0.77▲
2024 · 0.77
Quick ratio
0.01▲
2024 · 0.01
Debt to equity
-4.51▼
2024 · -4.47
ROA
0.7%▼
2024 · 0.8%
Interest coverage
7.58▲
2024 · 5.13
Debt ≤ 1 year
€219,980▼
2024 · €222,953
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,447 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,162 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,750 | €2,075 | €1,274 | €1,273 | €1,480 | ▲ 16.3% |
| Other operating charges640/8 | €1,072 | €1,283 | €1,921 | €2,070 | €669 | ▼ 67.7% |
| Non-recurring operating charges66A | €103 | - | - | - | - | - |
| Gross operating margin9900 | -€26,400 | -€4,935 | €7,492 | €5,392 | €3,708 | ▼ 31.2% |
| Operating profit (loss)9901 | -€30,325 | -€21,455 | €4,297 | €2,049 | €1,559 | ▼ 23.9% |
| Financial income75/76B | €440 | €359 | €81 | - | - | - |
| Recurring financial income75 | €440 | €359 | €81 | - | - | - |
| Financial charges65/66B | €1,514 | €2,412 | €4,369 | €647 | €401 | ▼ 38.0% |
| Recurring financial charges65 | €1,514 | €2,412 | €4,369 | €647 | €401 | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | -€31,399 | -€23,508 | €9 | €1,402 | €1,158 | ▼ 17.4% |
| Profit (loss) for the period9904 | -€31,399 | -€23,508 | €9 | €1,402 | €1,158 | ▼ 17.4% |
| Profit (loss) for the period to be appropriated9905 | -€31,399 | -€23,508 | €9 | €1,402 | €1,158 | ▼ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,688 | €132,548 | €172,218 | €173,026 | €171,211 | ▼ 1.0% |
| Fixed assets21/28 | €5,835 | €3,760 | €2,486 | €1,213 | €776 | ▼ 36.0% |
| Tangible fixed assets22/27 | €5,835 | €3,760 | €2,486 | €1,213 | €776 | ▼ 36.0% |
| Plant, machinery and equipment23 | €5,835 | €3,760 | €2,486 | €1,213 | €776 | ▼ 36.0% |
| Current assets29/58 | €122,853 | €128,788 | €169,732 | €171,813 | €170,435 | ▼ 0.8% |
| Stocks and contracts in progress3 | €120,871 | €125,630 | €168,350 | €170,250 | €168,100 | ▼ 1.3% |
| Stocks30/36 | €120,871 | €125,630 | €168,350 | €170,250 | €168,100 | ▼ 1.3% |
| Cash at bank and in hand54/58 | €1,198 | €2,656 | €485 | €1,068 | €1,396 | ▲ 30.7% |
| Deferred charges and accrued income490/1 | €784 | €502 | €897 | €495 | €939 | ▲ 89.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,688 | €132,548 | €172,218 | €173,026 | €171,211 | ▼ 1.0% |
| Equity10/15 | -€27,830 | -€51,338 | -€51,329 | -€49,927 | -€48,769 | ▲ 2.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €5,055 | €5,055 | €5,055 | €5,055 | €5,055 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | - | - | - |
| Tax-exempt reserves132 | €1,239 | €1,239 | €1,239 | €1,239 | €1,239 | = |
| Distributable reserves133 | €1,957 | €1,957 | €1,957 | €3,816 | €3,816 | = |
| Profit (loss) carried forward14 | -€51,477 | -€74,985 | -€74,976 | -€73,574 | -€72,416 | ▲ 1.6% |
| Amounts payable17/49 | €156,518 | €183,886 | €223,547 | €222,953 | €219,980 | ▼ 1.3% |
| Amounts payable within one year42/48 | €156,518 | €183,886 | €223,547 | €222,953 | €219,980 | ▼ 1.3% |
| Trade debts44 | €34,847 | €20,904 | €19,950 | €13,878 | €13,241 | ▼ 4.6% |
| Suppliers440/4 | €34,847 | €20,904 | €19,950 | €13,878 | €13,241 | ▼ 4.6% |
| Taxes, remuneration and social security45 | €1,749 | €14,115 | €7,097 | €6,114 | €5,401 | ▼ 11.7% |
| Taxes450/3 | €1,749 | €14,115 | €7,097 | €6,114 | €4,901 | ▼ 19.8% |
| Remuneration and social security454/9 | - | - | - | - | €500 | - |
| Other amounts payable47/48 | €119,922 | €148,867 | €196,500 | €202,961 | €201,338 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,399 | -€23,508 | €9 | €1,402 | €1,158 | ▼ 17.4% |
| + Depreciation and write-downs630 | €2,750 | €2,075 | €1,274 | €1,273 | €1,480 | ▲ 16.3% |
| Operating cash flow (approximation) | -€28,649 | -€21,433 | €1,283 | €2,675 | €2,638 | ▼ 1.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,043 | - |
| Change in cash | - | €1,458 | -€2,171 | €583 | €328 | ▼ 43.7% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €1,402 ▲15,478%
Net result €1,402, the highest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9
Net result €9 after 4 loss-making years.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€31,399
Net result drops to -€31,399, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beringen · 1 establishment unit since 2000
Ground area
388 m²
Building footprint
414 m²
Volume, LiDAR
2,836 m³
Parcel 71005C0886/00X002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MURAT
since 20002.062.547.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C0886/00X002 | Flanders | 388 m² | 1 · 414 m² | 10.5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,518 EUR awarded · 1,518 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,518 EUR | 1,518 EUR |
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,718. 381 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
Founded25-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
47530Retail trade
47553Retail trade
Contact
E-mail
muratbvba@hotmail.com
Phone
011424008
Fax
011424008
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450206989
Also
9925:BE0450206989
Registered
08-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.