MURCA
ActiveThe file of MURCA contains 3 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The annual accounts of MURCA for fiscal year 2025 show a net loss of 60% of total assets and of 81% of the equity at the start of that year. The computed 12-month bankruptcy probability is 3.7% (moderate). The 2025 annual accounts show equity of €19,215 and a net result of -€83,320. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 13484 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency39▼-35
Growth32▼-46
Track record85
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 1.22 in 2024; short-term debt: 86.1% and cash: 4.4% of total assets), and 86.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
13.9%
Return on assets
-60.3%
Age of the figures
9 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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
36 d early
2023
55 d early
2022
52 d early
2021
53 d early
2020
31 d early
2019
17 d late
← 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 39 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,215▼ 81.3%
2024 · €102,535
Total assets
€138,125▼ 33.9%
2024 · €208,812
Net result
-€83,320
2024 · €7,580
Working capital
-€36,276
2024 · €23,294
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-€28,626▲ 16.6%€90,699€19,691▼ 78.3%€16,626▼ 15.6%-€79,641
Net result-€28,812▲ 21.1%€84,924€12,638▼ 85.1%€7,580▼ 40.0%-€83,320
Equity€44,452▼ 39.3%€129,376▲ 191%€142,014▲ 9.8%€102,535▼ 27.8%€19,215▼ 81.3%
Total assets€82,860▼ 12.0%€154,624▲ 86.6%€194,153▲ 25.6%€208,812▲ 7.5%€138,125▼ 33.9%
Debt€38,408▲ 84.1%€25,248▼ 34.3%€52,140▲ 107%€106,277▲ 104%€118,910▲ 11.9%
Working capital-€18,843€34,194€40,787▲ 19.3%€23,294▼ 42.9%-€36,276
Staff (FTE)1.91.3▼ 31.6%1.6▲ 23.1%2.4▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €79,641 after €16,626 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,125
Fixed assets
€55,491 ▼ 30.0%
Current assets
€82,634 ▼ 36.2%
Equity and liabilities €138,125
Equity
€19,215 ▼ 81.3%
Debt
€118,910 ▲ 11.9%
Debt's share of the balance-sheet total rises from 50.9% to 86.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€54,077▼
2024 · €44,062
Cash flow
-€57,756▼
2024 · €35,016
Current ratio
0.69▼
2024 · 1.22
Quick ratio
0.64▼
2024 · 1.08
Debt to equity
6.19▲
2024 · 1.04
ROE
-433.6%▼
2024 · 7.4%
ROA
-60.3%▼
2024 · 3.6%
Interest coverage
-14.70▼
2024 · 10.33
Debt ≤ 1 year
€118,910▲
2024 · €106,277
Staff costs
€58,114▼
2024 · €60,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €29,027 | €58,981 | €60,803 | €58,114 | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €722 | €14,492 | €22,478 | €27,436 | €25,564 | ▼ 6.8% |
| Other operating charges640/8 | €1,692 | €2,481 | €5,327 | €3,947 | €3,686 | ▼ 6.6% |
| Gross operating margin9900 | -€26,212 | €136,700 | €106,478 | €108,811 | €7,723 | ▼ 92.9% |
| Operating profit (loss)9901 | -€28,626 | €90,699 | €19,691 | €16,626 | -€79,641 | ▼ 579% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €70 | €134 | €3,744 | €4,265 | €3,679 | ▼ 13.7% |
| Recurring financial charges65 | €70 | €134 | €3,744 | €4,265 | €3,679 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | -€28,696 | €90,565 | €15,948 | €12,360 | -€83,320 | ▼ 774% |
| Income taxes67/77 | €116 | €5,641 | €3,310 | €4,780 | - | - |
| Profit (loss) for the period9904 | -€28,812 | €84,924 | €12,638 | €7,580 | -€83,320 | ▼ 1,199% |
| Profit (loss) for the period to be appropriated9905 | -€28,812 | €84,924 | €12,638 | €7,580 | -€83,320 | ▼ 1,199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,860 | €154,624 | €194,153 | €208,812 | €138,125 | ▼ 33.9% |
| Fixed assets21/28 | €63,295 | €95,182 | €101,227 | €79,241 | €55,491 | ▼ 30.0% |
| Tangible fixed assets22/27 | €42,795 | €74,432 | €80,476 | €58,490 | €34,741 | ▼ 40.6% |
| Land and buildings22 | - | €1,027 | €700 | €373 | €46 | ▼ 87.7% |
| Plant, machinery and equipment23 | - | - | €1,292 | €884 | €476 | ▼ 46.2% |
| Furniture and vehicles24 | €40,305 | €42,851 | €39,292 | €27,883 | €12,817 | ▼ 54.0% |
| Other tangible fixed assets26 | €2,491 | €30,553 | €39,192 | €29,350 | €21,402 | ▼ 27.1% |
| Financial fixed assets28 | €20,500 | €20,751 | €20,751 | €20,751 | €20,751 | = |
| Current assets29/58 | €19,565 | €59,442 | €92,926 | €129,571 | €82,634 | ▼ 36.2% |
| Stocks and contracts in progress3 | €4,509 | €8,173 | €10,792 | €15,247 | €6,498 | ▼ 57.4% |
| Stocks30/36 | €4,509 | €8,173 | €10,792 | €15,247 | €6,498 | ▼ 57.4% |
| Amounts receivable within one year40/41 | €12,175 | €43,308 | €71,163 | €106,510 | €70,121 | ▼ 34.2% |
| Trade receivables40 | €1,232 | - | - | - | - | - |
| Other amounts receivable41 | €10,944 | €43,308 | €71,163 | €106,510 | €70,121 | ▼ 34.2% |
| Cash at bank and in hand54/58 | €2,881 | €7,961 | €10,972 | €7,814 | €6,014 | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,860 | €154,624 | €194,153 | €208,812 | €138,125 | ▼ 33.9% |
| Equity10/15 | €44,452 | €129,376 | €142,014 | €102,535 | €19,215 | ▼ 81.3% |
| Contributions10/11 | €20,400 | €20,400 | €20,400 | €20,400 | €20,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €22,192 | €107,116 | €119,754 | €80,275 | -€3,045 | ▼ 104% |
| Amounts payable17/49 | €38,408 | €25,248 | €52,140 | €106,277 | €118,910 | ▲ 11.9% |
| Amounts payable within one year42/48 | €38,408 | €25,248 | €52,140 | €106,277 | €118,910 | ▲ 11.9% |
| Trade debts44 | €32,363 | €14,851 | €38,829 | €46,698 | €110,852 | ▲ 137% |
| Suppliers440/4 | €32,363 | €14,851 | €38,829 | €46,698 | €110,852 | ▲ 137% |
| Taxes, remuneration and social security45 | €6,001 | €10,397 | €13,310 | €19,579 | €8,058 | ▼ 58.8% |
| Taxes450/3 | €6,001 | €5,676 | €9,587 | €15,447 | €3,235 | ▼ 79.1% |
| Remuneration and social security454/9 | - | €4,721 | €3,723 | €4,131 | €4,823 | ▲ 16.7% |
| Other amounts payable47/48 | €44 | - | - | €40,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,812 | €84,924 | €12,638 | €7,580 | -€83,320 | ▼ 1,199% |
| + Depreciation and write-downs630 | €722 | €14,492 | €22,478 | €27,436 | €25,564 | ▼ 6.8% |
| Operating cash flow (approximation) | -€28,090 | €99,416 | €35,116 | €35,016 | -€57,756 | ▼ 265% |
| Investment in fixed assets (approximation) | - | -€46,379 | -€28,523 | -€5,450 | -€1,815 | ▲ 66.7% |
| Change in cash | - | €5,080 | €3,011 | -€3,158 | -€1,800 | ▲ 43.0% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€83,320
Net result drops to -€83,320, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €84,924
Net result €84,924 after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 2.35
Current ratio from 0.51 to 2.35; short-term debt falls from €38,408 to €25,248.
31-12
Financial
Equity above €100,000Eq €129,376 ▲191%
Equity rises from €44,452 to €129,376.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
09-02
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 25-01-2021
02-02
Bankruptcy
Bankruptcy reversal
tribunal de l’entreprise francophone de Bruxelles,
Show earlier events
2020
09-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-11-2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 6.71
Current ratio from 2.34 to 6.71; short-term debt falls from €51,151 to €19,234.
31-12
Financial
Equity above €100,000Eq €109,794 ▲54.5%
2 profitable years in a row build equity to €109,794.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial 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, Elsene · 1 establishment unit since 2021
Ground area
262 m²
Building footprint
111 m²
Volume, LiDAR
550 m³
Parcel 21445C0265/00N008, Brussels · tallest building 12.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Boondaalse Steenweg 468, 1050 Elsene
since 20212.324.157.810
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0265/00N008 | Brussels | 262 m² | 1 · 111 m² | 12.4 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
02-11-2020 → 25-01-2021 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.324.157.810
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,451. 8,698 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
Founded30-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.