Murphy
ActiveSummary
Murphy has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €-5k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-13
Solvency59▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.26 in 2023; short-term debt: 37.5% and cash: 1.2% of total assets), and 65.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.4%
Return on assets
-3.1%
Age of the figures
21 mo
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
61 d early
2022
42 d early
2021
30 d late
2020
26 d late
2019
82 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▼ 8.3%
2023 · €66k
2018: €276
2019: €-2k▼ -919% vs 2018lowest in 7 years
2020: €19k▲ +951% vs 2019
2021: €51k▲ +163% vs 2020
2022: €63k▲ +25.5% vs 2021
2023: €66k▲ +3.4% vs 2022highest in 7 years
2024: €60k▼ -8.3% vs 2023
2018 → 2024
Total assets
€175k▼ 10.9%
2023 · €196k
2018: €116k
2019: €113k▼ -2.4% vs 2018lowest in 7 years
2020: €120k▲ +6.3% vs 2019
2021: €139k▲ +15.2% vs 2020
2022: €150k▲ +7.9% vs 2021
2023: €196k▲ +31.2% vs 2022highest in 7 years
2024: €175k▼ -10.9% vs 2023
2018 → 2024
Net result
€-5k
2023 · €2k
2018: €-5k
2019: €-3k▲ +50.8% vs 2018
2020: €22k▲ +948% vs 2019
2021: €31k▲ +45.5% vs 2020highest in 7 years
2022: €13k▼ -58.9% vs 2021
2023: €2k▼ -83.4% vs 2022
2024: €-5k▼ -354% vs 2023lowest in 7 years
2018 → 2024
Working capital
€5k▼ 70.3%
2023 · €17k
2018: €-21k
2019: €-29k▼ -36.1% vs 2018lowest in 7 years
2020: €-12k▲ +59.5% vs 2019
2021: €17k▲ +243% vs 2020
2022: €26k▲ +56.5% vs 2021highest in 7 years
2023: €17k▼ -35.5% vs 2022
2024: €5k▼ -70.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€51k▲ 163%€63k▲ 25.5%€66k▲ 3.4%€60k▼ 8.3%
2020: €19klowest in 5 years
2021: €51k▲ +163% vs 2020
2022: €63k▲ +25.5% vs 2021
2023: €66k▲ +3.4% vs 2022highest in 5 years
2024: €60k▼ -8.3% vs 2023
Operating result€18k-€36k▲ 101%€25k▼ 31.3%€8k▼ 68.9%€-537
2020: €18k
2021: €36k▲ +101% vs 2020highest in 5 years
2022: €25k▼ -31.3% vs 2021
2023: €8k▼ -68.9% vs 2022
2024: €-537▼ -107% vs 2023lowest in 5 years
Net result€22k-€31k▲ 45.5%€13k▼ 58.9%€2k▼ 83.4%€-5k
2020: €22k
2021: €31k▲ +45.5% vs 2020highest in 5 years
2022: €13k▼ -58.9% vs 2021
2023: €2k▼ -83.4% vs 2022
2024: €-5k▼ -354% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €537 after €8k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175k
Fixed assets
€104k ▼ 9.9%
Current assets
€71k ▼ 12.5%
Equity and liabilities €175k
Equity
€60k ▼ 8.3%
Debt
€115k ▼ 12.3%
Debt's share of the balance-sheet total falls from 66.6% to 65.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2023 · €16k
Cash flow
€8k▼
2023 · €11k
Current ratio
1.08▼
2023 · 1.26
Quick ratio
0.28▼
2023 · 0.36
Debt to equity
1.91▼
2023 · 2.00
ROE
-9.0%▼
2023 · 3.3%
ROA
-3.1%▼
2023 · 1.1%
Interest coverage
2.64▼
2023 · 3.53
Debt ≤ 1 year
€66k▲
2023 · €64k
Debt > 1 year
€49k▼
2023 · €67k
Income taxes
€154▼
2023 · €1k
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 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€196k€175k▼
Fixed assets21/28€116k€104k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€114k€103k▼
Land and buildings22€90k€86k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€19k€12k▼
Current assets29/58€81k€71k▼
Stocks and contracts in progress3€58k€52k▼
Stocks30/36€57k€52k▼
Contracts in progress37€370-
Amounts receivable within one year40/41€14k€16k▲
Trade receivables40€14k€14k▼
Other amounts receivable41€17€2k▲
Cash at bank and in hand54/58€6k€2k▼
Deferred charges and accrued income490/1€3k€306▼
Equity and liabilities
Total equity and liabilities10/49€196k€175k▼
Equity10/15€66k€60k▼
Contributions10/11€19k€19k=
Reserves13€47k€42k▼
Distributable reserves133€47k€42k▼
Amounts payable17/49€131k€115k▼
Amounts payable after more than one year17€67k€49k▼
Financial debts170/4€67k€49k▼
Amounts payable within one year42/48€64k€66k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43-€847
Other loans439-€847
Trade debts44€12k€18k▲
Suppliers440/4€12k€18k▲
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€21k€20k▼
Accrued charges and deferred income492/3-€103
Income statement
Code20232024
Non-recurring operating income76A€4k€249▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€13k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€17k€14k▼
Operating profit (loss)9901€8k€-537▼
Financial income75/76B€59€162▲
Recurring financial income75€59€162▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€3k€-5k▼
Income taxes67/77€1k€154▼
Profit (loss) for the period9904€2k€-5k▼
Profit (loss) for the period to be appropriated9905€2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-5k▼
Transfer from equity791/2-€5k
Transfer to equity691/2€2k-
To other reserves6921€2k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | €249 | ▼ 92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €8k | €13k | ▲ 59.0% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▼ 14.8% |
| Gross operating margin9900 | €23k | €41k | €30k | €17k | €14k | ▼ 19.6% |
| Operating profit (loss)9901 | €18k | €36k | €25k | €8k | €-537 | ▼ 107% |
| Financial income75/76B | - | €57 | €26 | €59 | €162 | ▲ 174% |
| Recurring financial income75 | - | €57 | €26 | €59 | €162 | ▲ 174% |
| Financial charges65/66B | - | €4k | €4k | €5k | €5k | ▲ 7.0% |
| Recurring financial charges65 | €5k | €4k | €4k | €5k | €5k | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €22k | €32k | €21k | €3k | €-5k | ▼ 266% |
| Income taxes67/77 | €138 | €407 | €8k | €1k | €154 | ▼ 85.1% |
| Profit (loss) for the period9904 | €22k | €31k | €13k | €2k | €-5k | ▼ 354% |
| Profit (loss) for the period to be appropriated9905 | €22k | €31k | €13k | €2k | €-5k | ▼ 354% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120k | €139k | €150k | €196k | €175k | ▼ 10.9% |
| Fixed assets21/28 | €91k | €87k | €83k | €116k | €104k | ▼ 9.9% |
| Intangible fixed assets21 | €4k | €3k | €3k | €2k | €2k | ▼ 25.0% |
| Tangible fixed assets22/27 | €88k | €84k | €81k | €114k | €103k | ▼ 9.6% |
| Land and buildings22 | - | €84k | €81k | €90k | €86k | ▼ 4.2% |
| Plant, machinery and equipment23 | - | €702 | - | €5k | €5k | ▼ 4.0% |
| Furniture and vehicles24 | - | - | - | €19k | €12k | ▼ 37.3% |
| Current assets29/58 | €29k | €51k | €67k | €81k | €71k | ▼ 12.5% |
| Stocks and contracts in progress3 | €7k | €22k | €48k | €58k | €52k | ▼ 9.6% |
| Stocks30/36 | - | €22k | €48k | €57k | €52k | ▼ 9.0% |
| Contracts in progress37 | - | - | - | €370 | - | - |
| Amounts receivable within one year40/41 | €2k | €13k | €9k | €14k | €16k | ▲ 14.0% |
| Trade receivables40 | - | €13k | €8k | €14k | €14k | ▼ 2.6% |
| Other amounts receivable41 | - | €685 | €685 | €17 | €2k | ▲ 13,839% |
| Cash at bank and in hand54/58 | €19k | €15k | €7k | €6k | €2k | ▼ 64.5% |
| Deferred charges and accrued income490/1 | - | €647 | €3k | €3k | €306 | ▼ 90.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120k | €139k | €150k | €196k | €175k | ▼ 10.9% |
| Equity10/15 | €19k | €51k | €63k | €66k | €60k | ▼ 8.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €6k | €32k | €45k | €47k | €42k | ▼ 11.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €30k | €43k | €47k | €42k | ▼ 11.6% |
| Profit (loss) carried forward14 | €-5k | - | - | - | - | - |
| Amounts payable17/49 | €101k | €88k | €86k | €131k | €115k | ▼ 12.3% |
| Amounts payable after more than one year17 | €61k | €53k | €46k | €67k | €49k | ▼ 26.7% |
| Financial debts170/4 | - | €53k | €46k | €67k | €49k | ▼ 26.7% |
| Amounts payable within one year42/48 | €41k | €35k | €41k | €64k | €66k | ▲ 2.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €8k | €17k | €18k | ▲ 5.3% |
| Financial debts43 | - | - | - | - | €847 | - |
| Other loans439 | - | - | - | - | €847 | - |
| Trade debts44 | €6k | €6k | €12k | €12k | €18k | ▲ 49.3% |
| Suppliers440/4 | - | €6k | €12k | €12k | €18k | ▲ 49.3% |
| Advances received on contracts in progress46 | - | €9k | €150 | - | - | - |
| Taxes, remuneration and social security45 | - | €3k | €13k | €14k | €9k | ▼ 34.5% |
| Taxes450/3 | - | €2k | €10k | €12k | €8k | ▼ 33.4% |
| Remuneration and social security454/9 | - | €875 | €3k | €3k | €2k | ▼ 39.5% |
| Other amounts payable47/48 | - | €9k | €7k | €21k | €20k | ▼ 4.1% |
| Accrued charges and deferred income492/3 | - | €46 | €46 | - | €103 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €31k | €13k | €2k | €-5k | ▼ 354% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €8k | €13k | ▲ 59.0% |
| Operating cash flow (approximation) | €26k | €35k | €17k | €11k | €8k | ▼ 24.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-41k | €-2k | ▲ 95.1% |
| Change in cash | - | €-4k | €-9k | €-879 | €-4k | ▼ 321% |
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
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲45.5%
Operating result €36k, net result €31k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.48
Current ratio from 0.71 to 1.48; short-term debt falls from €41k to €35k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-05
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.
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, Zele · 1 establishment unit since 1992
Ground area
617 m²
Building footprint
221 m²
Volume, LiDAR
1,113 m³
Parcel 42402F0441/00L000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VICTORY SPORT
since 19922.057.522.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402F0441/00L000 | Flanders | 617 m² | 1 · 221 m² | 9.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 1,034 companies in sector 47721 we hold annual accounts for 582. 434 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
Founded31-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
Scores and ratios are computed by Checked and are not a credit decision.