MURHO Engineering
ActiveMURHO Engineering has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €57k. Equity is growing by ~134.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 9380 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.51 against 2.66 in 2024), and 20.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
79.4%
Return on assets
51.7%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▲ 186%
2024 · €31k
2023: €5k
2024: €31k
2023 → 2025
Total assets
€111k▲ 142%
2024 · €46k
2023: €19k
2024: €46k
2023 → 2025
Net result
€57k▲ 126%
2024 · €25k
2023: €3k
2024: €25k
2023 → 2025
Working capital
€80k▲ 221%
2024 · €25k
2023: €4k
2024: €25k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€5k-€31k▲ 470%€88k▲ 186%
Operating result€5k-€34k▲ 533%€73k▲ 117%
Net result€3k-€25k▲ 647%€57k▲ 126%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 117% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€8k▲ 38.3%
Current assets
€103k▲ 157%
Equity and liabilities €111k
Equity
€88k▲ 186%
Debt
€23k▲ 51.9%
The debt ratio falls from 32.8% to 20.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€75k▲
2024 · €35k
Cash flow
€60k▲
2024 · €27k
Solvency
79.4%▲
2024 · 67.2%
Current ratio
4.51▲
2024 · 2.66
Quick ratio
4.51▲
2024 · 2.66
Debt / equity
0.26▼
2024 · 0.49
ROE
65.1%▼
2024 · 82.5%
ROA
51.7%▼
2024 · 55.4%
Interest coverage
327.35▲
2024 · 77.07
Debt
€23k▲
2024 · €15k
Debt ≤ 1 year
€23k▲
2024 · €15k
Income taxes
€16k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€46k€111k▲
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€4k€5k▲
Current assets29/58€40k€103k▲
Amounts receivable within one year40/41€15k€81k▲
Trade receivables40€13k€41k▲
Other amounts receivable41€1k€40k▲
Cash at bank and in hand54/58€24k€22k▼
Deferred charges and accrued income490/1€2k€334▼
Equity and liabilities
Total equity and liabilities10/49€46k€111k▲
Equity10/15€31k€88k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€29k€86k▲
Amounts payable17/49€15k€23k▲
Amounts payable within one year42/48€15k€23k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€2k€307▼
Suppliers440/4€2k€307▼
Taxes, remuneration and social security45€11k€23k▲
Taxes450/3€11k€22k▲
Remuneration and social security454/9-€416
Other amounts payable47/48€433-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€58€101▲
Gross operating margin9900€35k€75k▲
Operating profit (loss)9901€34k€73k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€449€229▼
Recurring financial charges65€449€229▼
Profit (loss) for the period before taxes9903€33k€74k▲
Income taxes67/77€8k€16k▲
Profit (loss) for the period9904€25k€57k▲
Profit (loss) for the period to be appropriated9905€25k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€86k▲
Profit (loss) brought forward from the previous period14P€3k€29k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-06
Financial
Highest result since 2023net €57k ▲126%
Operating result €73k, net result €57k, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Liquidity doublescurrent ratio 2.66
Current ratio from 1.27 to 2.66.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wemmel · 1 establishment unit since 2022
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.
Rode Beukenlaan 131780 WemmelGround area
324 m²
Building footprint
86 m²
Parcel 22005A0132/00R025, Flanders. Linked by address, not a title deed.
1 establishment unit
Rode Beukenlaan 13, 1780 Wemmel
since 20222.335.459.694
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0132/00R025 | Flanders | 324 m² | 1 · 86 m² | - |
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.
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TRAMPOLIS
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BE 0832.889.213
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SNS SOLUTIONS
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Van Gompel Engineering
BE 1008.330.341
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BOUWGOED
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Nijlen · Eq €88k
Of 11,505 companies in sector 71121 we hold annual accounts for 6,525. 5,174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2022
Fiscal year end30-06
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.