MuRes
ActiveSummary
The computed 12-month bankruptcy probability of MuRes is 3.2% (moderate). The 2025 annual accounts show equity of €31k and a net result of €4k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 13417 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-8
Solvency78▲+23
Growth32=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.05 in 2024; short-term debt: 47.4% and cash: 29.8% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.6%
Return on assets
6.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €31k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
42 d late
2024
99 d late
2023
77 d late
2022
60 d late
2021
80 d early
2020
4 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€272k
EBIT margin
-9.6%
Net result
€4k▼ 65.9%
2024 · €12k
2020: €48khighest in 6 years
2021: €4k▼ -92.0% vs 2020
2022: €-27k▼ -821% vs 2021lowest in 6 years
2023: €1k▲ +104% vs 2022
2024: €12k▲ +1060% vs 2023
2025: €4k▼ -65.9% vs 2024
2020 → 2025
Working capital
€14k▲ 340%
2024 · €3k
2020: €11k
2021: €-14k▼ -229% vs 2020
2022: €-17k▼ -25.6% vs 2021lowest in 6 years
2023: €-7k▲ +60.1% vs 2022
2024: €3k▲ +147% vs 2023
2025: €14k▲ +340% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€272k
Equity€42k-€14k▼ 66.1%€15k▲ 7.2%€27k▲ 78.2%€31k▲ 15.0%
2021: €42khighest in 5 years
2022: €14k▼ -66.1% vs 2021lowest in 5 years
2023: €15k▲ +7.2% vs 2022
2024: €27k▲ +78.2% vs 2023
2025: €31k▲ +15.0% vs 2024
Operating result€8k-€-26k€4k€19k▲ 346%€3k▼ 84.2%
2021: €8k
2022: €-26k▼ -443% vs 2021lowest in 5 years
2023: €4k▲ +116% vs 2022
2024: €19k▲ +346% vs 2023highest in 5 years
2025: €3k▼ -84.2% vs 2024
Net result€4k-€-27k€1k€12k▲ 1,060%€4k▼ 65.9%
2021: €4k
2022: €-27k▼ -821% vs 2021lowest in 5 years
2023: €1k▲ +104% vs 2022
2024: €12k▲ +1060% vs 2023highest in 5 years
2025: €4k▼ -65.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€17k ▼ 29.8%
Current assets
€42k ▼ 36.3%
Equity and liabilities €59k
Equity
€31k ▲ 15.0%
Debt
€28k ▼ 55.7%
Debt's share of the balance-sheet total falls from 70.1% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €30k
Cash flow
€11k▼
2024 · €23k
Current ratio
1.51▲
2024 · 1.05
Quick ratio
1.09▲
2024 · 0.94
Debt to equity
0.90▼
2024 · 2.34
ROE
13.0%▼
2024 · 43.9%
ROA
6.9%▼
2024 · 13.1%
Interest coverage
8.27▼
2024 · 42.47
Debt ≤ 1 year
€28k▼
2024 · €63k
Income taxes
€2k▼
2024 · €6k
Staff costs
€12
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€90k€59k▼
Fixed assets21/28€24k€17k▼
Tangible fixed assets22/27€24k€17k▼
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€36-
Other tangible fixed assets26€10k€8k▼
Current assets29/58€66k€42k▼
Stocks and contracts in progress3€7k€12k▲
Stocks30/36€7k€12k▲
Amounts receivable within one year40/41€42k€13k▼
Trade receivables40€32k€10k▼
Other amounts receivable41€10k€3k▼
Cash at bank and in hand54/58€17k€18k▲
Equity and liabilities
Total equity and liabilities10/49€90k€59k▼
Equity10/15€27k€31k▲
Contributions10/11€4k€4k=
Reserves13€23k€27k▲
Distributable reserves133€23k€27k▲
Amounts payable17/49€63k€28k▼
Amounts payable within one year42/48€63k€28k▼
Current portion of amounts payable after more than one year42€6k-
Trade debts44€47k€19k▼
Suppliers440/4€47k€19k▼
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€8k▼
Other amounts payable47/48€723€753▲
Income statement
Code20242025
Remuneration, social security and pensions62-€12
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€32k€13k▼
Operating profit (loss)9901€19k€3k▼
Financial income75/76B-€5k
Recurring financial income75-€5k
Non-recurring financial income76B-€5k
Financial charges65/66B€714€1k▲
Recurring financial charges65€714€1k▲
Profit (loss) for the period before taxes9903€18k€6k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€12k€4k▼
Profit (loss) for the period to be appropriated9905€12k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€4k▼
Transfer to equity691/2€12k€4k▼
To other reserves6921€12k€4k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €272k | - | - | - | - |
| Non-recurring operating income76A | - | €8k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €284k | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €12 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €12k | €12k | €11k | €7k | ▼ 37.6% |
| Other operating charges640/8 | €4k | €3k | €2k | €2k | €3k | ▲ 65.4% |
| Gross operating margin9900 | €28k | €-12k | €18k | €32k | €13k | ▼ 58.4% |
| Operating profit (loss)9901 | €8k | €-26k | €4k | €19k | €3k | ▼ 84.2% |
| Financial income75/76B | €11 | €29 | €0 | - | €5k | - |
| Recurring financial income75 | €11 | €29 | €0 | - | €5k | - |
| Non-recurring financial income76B | - | - | - | - | €5k | - |
| Financial charges65/66B | €624 | €1k | €1k | €714 | €1k | ▲ 70.2% |
| Recurring financial charges65 | €624 | €1k | €1k | €714 | €1k | ▲ 70.2% |
| Profit (loss) for the period before taxes9903 | €7k | €-27k | €3k | €18k | €6k | ▼ 64.6% |
| Income taxes67/77 | €3k | €323 | €2k | €6k | €2k | ▼ 62.2% |
| Profit (loss) for the period9904 | €4k | €-27k | €1k | €12k | €4k | ▼ 65.9% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-27k | €1k | €12k | €4k | ▼ 65.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96k | €124k | €53k | €90k | €59k | ▼ 34.5% |
| Fixed assets21/28 | €67k | €40k | €28k | €24k | €17k | ▼ 29.8% |
| Intangible fixed assets21 | €20k | - | - | - | - | - |
| Tangible fixed assets22/27 | €47k | €40k | €28k | €24k | €17k | ▼ 29.8% |
| Land and buildings22 | €12k | - | - | - | - | - |
| Plant, machinery and equipment23 | €24k | €22k | €16k | €13k | €8k | ▼ 36.4% |
| Furniture and vehicles24 | €11k | €9k | €4k | €36 | - | - |
| Other tangible fixed assets26 | - | €9k | €7k | €10k | €8k | ▼ 21.0% |
| Current assets29/58 | €29k | €85k | €25k | €66k | €42k | ▼ 36.3% |
| Stocks and contracts in progress3 | €2k | €10k | €7k | €7k | €12k | ▲ 63.1% |
| Stocks30/36 | €2k | €10k | €7k | €7k | €12k | ▲ 63.1% |
| Amounts receivable within one year40/41 | €22k | €69k | €10k | €42k | €13k | ▼ 69.2% |
| Trade receivables40 | €18k | €61k | €141 | €32k | €10k | ▼ 67.5% |
| Other amounts receivable41 | €4k | €7k | €10k | €10k | €3k | ▼ 74.6% |
| Cash at bank and in hand54/58 | €3k | €6k | €8k | €17k | €18k | ▲ 2.8% |
| Deferred charges and accrued income490/1 | €2k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96k | €124k | €53k | €90k | €59k | ▼ 34.5% |
| Equity10/15 | €42k | €14k | €15k | €27k | €31k | ▲ 15.0% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves13 | €38k | €38k | €11k | €23k | €27k | ▲ 17.6% |
| Distributable reserves133 | €38k | €38k | €11k | €23k | €27k | ▲ 17.6% |
| Profit (loss) carried forward14 | €0 | €-27k | - | - | - | - |
| Amounts payable17/49 | €55k | €110k | €38k | €63k | €28k | ▼ 55.7% |
| Amounts payable after more than one year17 | €12k | €8k | €6k | - | - | - |
| Financial debts170/4 | €12k | €8k | €6k | - | - | - |
| Amounts payable within one year42/48 | €43k | €102k | €32k | €63k | €28k | ▼ 55.7% |
| Current portion of amounts payable after more than one year42 | €2k | €2k | €4k | €6k | - | - |
| Trade debts44 | €12k | €29k | €12k | €47k | €19k | ▼ 59.9% |
| Suppliers440/4 | €12k | €29k | €12k | €47k | €19k | ▼ 59.9% |
| Taxes, remuneration and social security45 | €10k | - | €2k | €9k | €8k | ▼ 5.4% |
| Taxes450/3 | €10k | - | €2k | €9k | €8k | ▼ 5.4% |
| Other amounts payable47/48 | €19k | €71k | €13k | €723 | €753 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-27k | €1k | €12k | €4k | ▼ 65.9% |
| + Depreciation and write-downs630 | €16k | €12k | €12k | €11k | €7k | ▼ 37.6% |
| Operating cash flow (approximation) | €20k | €-16k | €13k | €23k | €11k | ▼ 52.1% |
| Investment in fixed assets (approximation) | - | €16k | €0 | €-7k | €0 | ▲ 100% |
| Change in cash | - | €4k | €1k | €9k | €474 | ▼ 95.0% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Scherpenheuvel-Zichem · 1 establishment unit since 2019
Ground area
391 m²
Building footprint
133 m²
Volume, LiDAR
1,169 m³
Parcel 24098A0041/00K013, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kebap store
since 20192.296.627.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098A0041/00K013 | Flanders | 391 m² | 1 · 133 m² | 13.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteScherpenheuvel-Zichem2.296.627.923
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,502 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
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.