MURCA
Annual accounts 2025
micro format, filed on 01-06-2026, 60 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €82,000. Estimated: probably between €40,000 and €170,000.
Balance sheet
balance sheet total €138,125 on 31-12-2025in euro
in euro
Position in the sector
13.9%
Higher than 36% of 18,532 companies in 2025.
0.69
Higher than 33% of 17,887 companies in 2025.
-60.3%
Higher than 6% of 17,984 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€24,214
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
138,125 | 208,812 | 194,153 | 154,624 | 82,860 | 94,127 | 129,028 | 122,197 | 103,847 | 41,684 | 32,280 | |
21/28 |
55,491 | 79,241 | 101,227 | 95,182 | 63,295 | - | - | 2,457 | 2,720 | 2,983 | 3,245 | |
22/27 |
34,741 | 58,490 | 80,476 | 74,432 | 42,795 | - | - | 263 | 525 | 788 | 1,050 | |
22 |
46 | 373 | 700 | 1,027 | - | - | - | - | - | - | - | |
23 |
476 | 884 | 1,292 | - | - | - | - | 263 | 525 | 788 | 1,050 | |
24 |
12,817 | 27,883 | 39,292 | 42,851 | 40,305 | - | - | - | - | - | - | |
26 |
21,402 | 29,350 | 39,192 | 30,553 | 2,491 | - | - | - | - | - | - | |
28 |
20,751 | 20,751 | 20,751 | 20,751 | 20,500 | - | - | 2,195 | 2,195 | 2,195 | 2,195 | |
29/58 |
82,634 | 129,571 | 92,926 | 59,442 | 19,565 | 94,127 | 129,028 | 119,740 | 101,127 | 38,702 | 29,035 | |
3 |
6,498 | 15,247 | 10,792 | 8,173 | 4,509 | - | - | 3,636 | 2,503 | 8,886 | 9,011 | |
30/36 |
6,498 | 15,247 | 10,792 | 8,173 | 4,509 | - | - | 3,636 | 2,503 | 8,886 | 9,011 | |
40/41 |
70,121 | 106,510 | 71,163 | 43,308 | 12,175 | 94,127 | 126,213 | 115,308 | 79,809 | 23,573 | 3,953 | |
40 |
- | - | - | - | 1,232 | 1,112 | 354 | 291 | - | - | 3,953 | |
41 |
70,121 | 106,510 | 71,163 | 43,308 | 10,944 | 93,015 | 125,858 | 115,017 | 79,809 | 23,573 | - | |
54/58 |
6,014 | 7,814 | 10,972 | 7,961 | 2,881 | - | 2,815 | 796 | 18,814 | 6,243 | 16,071 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
138,125 | 208,812 | 194,153 | 154,624 | 82,860 | 94,127 | 129,028 | 122,197 | 103,847 | 41,684 | 32,280 | |
10/15 |
19,215 | 102,535 | 142,014 | 129,376 | 44,452 | 73,264 | 109,794 | 71,046 | 70,998 | 25,500 | 21,405 | |
10/11 |
20,400 | 20,400 | 20,400 | 20,400 | 20,400 | 20,400 | 20,400 | 8,000 | 8,000 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 20,400 | 20,400 | 20,400 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
-3,045 | 80,275 | 119,754 | 107,116 | 22,192 | 51,004 | 87,534 | 61,186 | 61,138 | 17,440 | 13,345 | |
17/49 |
118,910 | 106,277 | 52,140 | 25,248 | 38,408 | 20,863 | 19,234 | 51,151 | 32,849 | 16,184 | 10,875 | |
42/48 |
118,910 | 106,277 | 52,140 | 25,248 | 38,408 | 20,863 | 19,234 | 51,151 | 32,849 | 16,184 | 10,875 | |
44 |
110,852 | 46,698 | 38,829 | 14,851 | 32,363 | 4,986 | 1,421 | 28,895 | 700 | 6,787 | 4,698 | |
440/4 |
110,852 | 46,698 | 38,829 | 14,851 | 32,363 | 4,986 | 1,421 | 28,895 | 700 | 6,787 | 4,698 | |
45 |
8,058 | 19,579 | 13,310 | 10,397 | 6,001 | 15,876 | 17,813 | 22,256 | 32,148 | 9,397 | 6,176 | |
450/3 |
3,235 | 15,447 | 9,587 | 5,676 | 6,001 | 15,876 | 17,813 | 22,256 | 32,148 | 7,299 | 5,685 | |
454/9 |
4,823 | 4,131 | 3,723 | 4,721 | - | - | - | - | - | 2,098 | 491 | |
47/48 |
- | 40,000 | - | - | 44 | - | - | - | - | - | - | |
| Income statement | ||||||||||||
76A |
- | - | - | - | - | - | 49,032 | - | 12,246 | - | - | |
9900 |
7,723 | 108,811 | 106,478 | 136,700 | -26,212 | -13,829 | 60,462 | 27,582 | 73,975 | 32,773 | 50,032 | |
62 |
58,114 | 60,803 | 58,981 | 29,027 | - | 65 | 21,457 | 26,400 | 9,947 | 24,351 | 28,066 | |
630 |
25,564 | 27,436 | 22,478 | 14,492 | 722 | - | 263 | 263 | 263 | 263 | 263 | |
640/8 |
3,686 | 3,947 | 5,327 | 2,481 | 1,692 | 20,411 | 1,440 | 456 | 756 | 1,378 | 1,194 | |
9901 |
-79,641 | 16,626 | 19,691 | 90,699 | -28,626 | -34,305 | 37,302 | 464 | 63,010 | 6,782 | 20,509 | |
75/76B |
- | - | 0 | - | - | - | - | - | - | - | - | |
75 |
- | - | 0 | - | - | - | - | - | - | - | - | |
65/66B |
3,679 | 4,265 | 3,744 | 134 | 70 | 150 | 308 | 138 | 213 | 747 | 202 | |
65 |
3,679 | 4,265 | 3,744 | 134 | 70 | 150 | 308 | 138 | 213 | 747 | 202 | |
9903 |
-83,320 | 12,360 | 15,948 | 90,565 | -28,696 | -34,455 | 36,995 | 326 | 62,796 | 6,035 | 20,308 | |
67/77 |
- | 4,780 | 3,310 | 5,641 | 116 | 2,075 | 10,646 | 279 | 19,098 | 1,940 | 5,103 | |
9904 |
-83,320 | 7,580 | 12,638 | 84,924 | -28,812 | -36,530 | 26,348 | 48 | 43,698 | 4,095 | 15,205 | |
9905 |
-83,320 | 7,580 | 12,638 | 84,924 | -28,812 | -36,530 | 26,348 | 48 | 43,698 | 4,095 | 15,205 | |
| Appropriation of the result | ||||||||||||
9906 |
-3,045 | 127,333 | 119,754 | 107,116 | 22,192 | 51,004 | 87,534 | 61,186 | 61,138 | 17,440 | 15,205 | |
14P |
80,275 | 119,754 | 107,116 | 22,192 | 51,004 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | 47,059 | - | - | - | - | - | - | - | - | - | |
694 |
- | 47,059 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
2.4 | 1.6 | 1.3 | 1.9 | - | - | - | - | 0.3 | 0.6 | 1 | |
Hours worked1013 |
1,496 | 1,506 | 2,214 | 1,510 | - | - | - | - | 502 | 1,089 | 1,707 | |
| Document | ||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00128299 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00174482 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00111743 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00115971 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20049300 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27700532 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41600455 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600527 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57600327 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-20400118 | |
| 31-12-2015 | full format | 08-07-2016 | 2016-29200173 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -54,077 | 44,062 | 42,170 | 105,191 | -27,904 | - | 37,565 | 727 | 63,272 | 7,045 | 20,772 | ||
| -57,756 | 35,016 | 35,116 | 99,416 | -28,090 | - | 26,611 | 310 | 43,961 | 4,357 | 15,468 | ||
| 1,815 | 12,500 | 30,745 | 46,379 | 64,017 | - | -2,195 | 0 | 0 | 0 | 3,508 | ||
| -1,800 | -3,158 | 3,011 | 5,080 | - | - | 2,019 | -18,019 | 12,572 | -9,828 | - | ||
| -36,276 | 23,294 | 40,787 | 34,194 | -18,843 | 73,264 | 109,794 | 68,589 | 68,278 | 22,517 | 18,160 | ||
| 13.9% | 49.1% | 73.1% | 83.7% | 53.6% | 77.8% | 85.1% | 58.1% | 68.4% | 61.2% | 66.3% | ||
| 0.69 | 1.22 | 1.78 | 2.35 | 0.51 | 4.51 | 6.71 | 2.34 | 3.08 | 2.39 | 2.67 | ||
| 0.64 | 1.08 | 1.58 | 2.03 | 0.39 | 4.51 | 6.71 | 2.27 | 3.00 | 1.84 | 1.84 | ||
| 6.19 | 1.04 | 0.37 | 0.20 | 0.86 | 0.28 | 0.18 | 0.72 | 0.46 | 0.63 | 0.51 | ||
| -433.6% | 7.4% | 8.9% | 65.6% | -64.8% | -49.9% | 24.0% | 0.1% | 61.5% | 16.1% | 71.0% | ||
| -60.3% | 3.6% | 6.5% | 54.9% | -34.8% | -38.8% | 20.4% | 0.0% | 42.1% | 9.8% | 47.1% | ||
| -14.70 | 10.33 | 11.26 | over 100 | -397.21 | - | - | - | - | - | - |
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 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 4 |
| full-time | - | - | 1 | - |
| part-time | 2 | 2 | 1 | 4 |
| in full-time equivalents | 0.9 | - | 1.6 | 1.8 |
| 1.1 | 1 | 1.1 | 0.9 | |
| On a permanent contract | 2 | 2 | 2 | 3 |
| Joined | - | 1 | 3 | 7 |
| Left | - | 1 | 5 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,815 | €12,500 | €30,745 | €46,128 | €43,517 |
| Financial fixed assets | - | - | - | €251 | €20,500 |
| €25,564 | €27,436 | €22,478 | €14,492 | €722 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MURCA
The operating result for 2025 is a loss of €79,641, after a profit of €16,626 in 2024. It is the lowest result since 2015.
Debt's share of the balance-sheet total rises from 50.9% to 86.1%. Equity is lower and debt is higher.