MURESAN SDC
ActiveMURESAN SDC has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €518k and a net result of €49k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-9
Solvency81▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.63 in 2023; short-term debt: 19.2% and cash: 23.5% of total assets), and 44.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
1 d late
2022
12 d early
2021
60 d late
2020
24 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€518k▲ 10.5%
2023 · €469k
2018: €169k
2019: €236k
2020: €319k
2021: €394k
2022: €403k
2023: €469k
2018 → 2024
Total assets
€933k▲ 20.3%
2023 · €776k
2018: €570k
2019: €596k
2020: €703k
2021: €803k
2022: €749k
2023: €776k
2018 → 2024
Net result
€49k▼ 47.2%
2023 · €93k
2018: €29k
2019: €69k
2020: €107k
2021: €105k
2022: €41k
2023: €93k
2018 → 2024
Working capital
€101k▲ 16.7%
2023 · €87k
2018: €15k
2019: €80k
2020: €83k
2021: €131k
2022: €94k
2023: €87k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€319k-€394k▲ 23.7%€403k▲ 2.3%€469k▲ 16.3%€518k▲ 10.5%
Operating result€154k-€157k▲ 2.3%€65k▼ 58.9%€144k▲ 123%€90k▼ 37.4%
Net result€107k-€105k▼ 1.8%€41k▼ 60.7%€93k▲ 125%€49k▼ 47.2%
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 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €933k
Fixed assets
€654k▲ 18.6%
Current assets
€280k▲ 24.5%
Equity and liabilities €933k
Equity
€518k▲ 10.5%
Debt
€415k▲ 35.3%
The debt ratio rises from 39.5% to 44.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€176k▼
2023 · €190k
Cash flow
€135k▼
2023 · €139k
Solvency
55.5%▼
2023 · 60.5%
Current ratio
1.57▼
2023 · 1.63
Quick ratio
1.54▼
2023 · 1.61
Debt / equity
0.80▲
2023 · 0.65
ROE
9.5%▼
2023 · 19.9%
ROA
5.3%▼
2023 · 12.0%
Interest coverage
8.33▼
2023 · 28.27
Debt
€415k▲
2023 · €307k
Debt ≤ 1 year
€179k▲
2023 · €138k
Debt > 1 year
€234k▲
2023 · €165k
Income taxes
€21k▼
2023 · €44k
Staff costs
€245k▲
2023 · €174k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€776k€933k▲
Fixed assets21/28€551k€654k▲
Tangible fixed assets22/27€551k€653k▲
Land and buildings22€497k€623k▲
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€48k€27k▼
Financial fixed assets28€135€135=
Current assets29/58€225k€280k▲
Stocks and contracts in progress3€2k€5k▲
Stocks30/36€2k€5k▲
Amounts receivable within one year40/41€34k€50k▲
Trade receivables40€22k€12k▼
Other amounts receivable41€12k€38k▲
Cash at bank and in hand54/58€184k€219k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€776k€933k▲
Equity10/15€469k€518k▲
Contributions10/11€19k€19k=
Reserves13€355k€499k▲
Non-distributable reserves130/1-€403k
Other1319-€403k
Distributable reserves133€355k€96k▼
Profit (loss) carried forward14€95k€910▼
Amounts payable17/49€307k€415k▲
Amounts payable after more than one year17€165k€234k▲
Financial debts170/4€165k€234k▲
Amounts payable within one year42/48€138k€179k▲
Current portion of amounts payable after more than one year42€60k€50k▼
Trade debts44€10k€50k▲
Suppliers440/4€10k€50k▲
Taxes, remuneration and social security45€41k€79k▲
Taxes450/3€38k€73k▲
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€28k-
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€174k€245k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€86k▲
Other operating charges640/8€2k€9k▲
Non-recurring operating charges66A-€585
Gross operating margin9900€366k€430k▲
Operating profit (loss)9901€144k€90k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€7k€21k▲
Recurring financial charges65€7k€21k▲
Profit (loss) for the period before taxes9903€137k€70k▼
Income taxes67/77€44k€21k▼
Profit (loss) for the period9904€93k€49k▼
Profit (loss) for the period to be appropriated9905€93k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€188k€145k▼
Profit (loss) brought forward from the previous period14P€95k€95k▲
Transfer from equity791/2€28k-
Transfer to equity691/2€93k€144k▲
To other reserves6921€93k€144k▲
Profit to be distributed694/7€28k-
Return on contributions (dividend)694€28k-
Social balance
Average headcount (FTE)90873.34.3▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Equity above €500kEq €518k ▲10.5%
7 profitable years in a row build equity to €518k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €107k ▲56.2%
Net result €107k, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Equity above €200kEq €236k ▲39.8%
2 profitable years in a row build equity to €236k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wingene · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wantestraat 38755 WingeneGround area
1,289 m²
Building footprint
298 m²
Volume, LiDAR
1,372 m³
Parcel 37012B0389/00A000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Muresan SDC
since 20122.209.242.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012B0389/00A000 | Flanders | 1,289 m² | 1 · 298 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SURINX
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3D PLUS
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Schaarbeek · Eq €524k
Of 4,010 companies in sector 43310 we hold annual accounts for 1,745. 981 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2011
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.