Murmad
ActiveSummary
Murmad has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €307k and a net result of €18k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 21.63 against 61.44 in 2023; short-term debt: 4.6% and cash: 63.1% of total assets), and 5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
16 d early
2022
31 d late
2021
12 d late
2020
5 d early
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€307k▲ 6.4%
2023 · €288k
2018: €116k
2019: €158k
2020: €220k
2021: €233k
2022: €278k
2023: €288k
2018 → 2024
Total assets
€323k▲ 9.1%
2023 · €296k
2018: €216k
2019: €189k
2020: €232k
2021: €243k
2022: €293k
2023: €296k
2018 → 2024
Net result
€18k▲ 73.7%
2023 · €11k
2018: €48k
2019: €43k
2020: €62k
2021: €13k
2022: €45k
2023: €11k
2018 → 2024
Working capital
€308k▲ 5.8%
2023 · €291k
2018: €117k
2019: €159k
2020: €223k
2021: €233k
2022: €279k
2023: €291k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€220k-€233k▲ 6.0%€278k▲ 19.2%€288k▲ 3.8%€307k▲ 6.4%
Operating result€82k-€18k▼ 77.6%€63k▲ 243%€15k▼ 76.9%€19k▲ 28.4%
Net result€62k-€13k▼ 78.4%€45k▲ 236%€11k▼ 76.2%€18k▲ 73.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €323k
Equity
€307k ▲ 6.4%
Debt
€16k ▲ 110%
Debt's share of the balance-sheet total rises from 2.6% to 5.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2023 · €15k
Cash flow
€19k▲
2023 · €11k
Current ratio
21.63▼
2023 · 61.44
Debt to equity
0.05▲
2023 · 0.03
ROE
6.0%▲
2023 · 3.7%
ROA
5.7%▲
2023 · 3.6%
Interest coverage
33.26▼
2023 · 53.88
Debt ≤ 1 year
€15k▲
2023 · €5k
Income taxes
€8k▲
2023 · €5k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€296k€323k▲
Fixed assets21/28€192€0▼
Tangible fixed assets22/27€192€0▼
Plant, machinery and equipment23€192€0▼
Current assets29/58€296k€323k▲
Amounts receivable within one year40/41€6k€102▼
Trade receivables40€0-
Other amounts receivable41€6k€102▼
Current investments50/53€111k€117k▲
Cash at bank and in hand54/58€178k€204k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€296k€323k▲
Equity10/15€288k€307k▲
Contributions10/11€6k€6k=
Reserves13€282k€301k▲
Tax-exempt reserves132€4k€4k=
Distributable reserves133€278k€297k▲
Amounts payable17/49€8k€16k▲
Amounts payable within one year42/48€5k€15k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€78€5k▲
Taxes450/3€78€2k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€2k€8k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€528€192▼
Other operating charges640/8€354-
Gross operating margin9900€15k€19k▲
Operating profit (loss)9901€15k€19k▲
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€280€567▲
Recurring financial charges65€280€567▲
Profit (loss) for the period before taxes9903€15k€26k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€11k€18k▲
Profit (loss) for the period to be appropriated9905€11k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€18k▲
Transfer to equity691/2€11k€18k▲
To other reserves6921€11k€18k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼76.2%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 61.44
Current ratio from 23.22 to 61.44; short-term debt falls from €13k to €5k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €62k ▲44.7%
Operating result €82k, net result €62k, both a record.
31-12
Financial
Liquidity times 5current ratio 31.81
Current ratio from 6.36 to 31.81; short-term debt falls from €30k to €7k.
31-12
Financial
Equity above €200kEq €220k ▲38.9%
3 profitable years in a row build equity to €220k.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 6.36
Current ratio from 2.18 to 6.36; short-term debt falls from €99k to €30k.
Show earlier events
31-12
Financial
Equity above €150kEq €158k ▲36.8%
2 profitable years in a row build equity to €158k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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, Rotselaar · 1 establishment unit since 1992
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.
Wandeldreef 193110 RotselaarGround area
1,013 m²
Building footprint
129 m²
Volume, LiDAR
806 m³
Parcel 24094E0043/00X036, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MURMAD
since 19922.059.546.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24094E0043/00X036 | Flanders | 1,013 m² | 1 · 129 m² | 7.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
96760067098JEQHK1I93
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CORVAN
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,147 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
79120Travel agency, tour operator and other reservation service and related activities
85510Sports and recreation education
93110Operation of sports facilities
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dirk.hof@murmad.be