Summary
MURPRO GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €90.2m and a net result of €22.1m. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 2445 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
22 d early
2023
16 d early
2022
14 d early
2021
19 d early
2020
8 d early
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 12 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Braine-le-Château#2 company by total assets in Braine-le-Château#7 employer in Walloon Brabant, Financial services sector
Equity
€90.2m▲ 25.0%
2024 · €72.2m
Net result
€22.1m▲ 85.5%
2024 · €11.9m
Total assets
€93.1m▲ 21.2%
2024 · €76.8m
Solvency
97.0%▲ 2.9pp
2024 · 94.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€805,963▲ 148%€943,233▲ 17.0%€949,430▲ 0.7%€1.2m▲ 29.2%€2.2m▲ 80.5%
Operating result€156,364€21,508▼ 86.2%-€12,972-€65,399▼ 404%-€229,646▼ 251%
Net result€8.4mabove the sector's middle half€9.4mabove the sector's middle half▲ 11.8%€20.2mabove the sector's middle half▲ 116%€11.9mabove the sector's middle half▼ 41.1%€22.1mabove the sector's middle half▲ 85.5%
Equity€37.8mabove the sector's middle half▼ 6.5%€43.7mabove the sector's middle half▲ 15.6%€64.0mabove the sector's middle half▲ 46.2%€72.2mabove the sector's middle half▲ 12.9%€90.2mabove the sector's middle half▲ 25.0%
Total assets€56.2mabove the sector's middle half▲ 11.6%€61.5mabove the sector's middle half▲ 9.6%€71.8mabove the sector's middle half▲ 16.7%€76.8mabove the sector's middle half▲ 6.9%€93.1mabove the sector's middle half▲ 21.2%
Debt€18.3m▲ 85.9%€17.8m▼ 2.9%€7.8m▼ 55.9%€4.6m▼ 41.8%€2.8m▼ 38.3%
Working capital-€3.7mbelow the sector's middle half▼ 204%€2.1mabove the sector's middle half€19.2mabove the sector's middle half▲ 814%€25.4mabove the sector's middle half▲ 32.2%€42.2mabove the sector's middle half▲ 66.4%
Solvency67.3%within the sector's middle half▼ 13.0pp71.1%within the sector's middle half▲ 3.7pp89.1%above the sector's middle half▲ 18.0pp94.0%above the sector's middle half▲ 5.0pp97.0%above the sector's middle half▲ 2.9pp
Current ratio0.67within the sector's middle half▲ 0.101.20within the sector's middle half▲ 0.536.17above the sector's middle half▲ 4.9711.28above the sector's middle half▲ 5.1124.96above the sector's middle half▲ 13.68
Return on assets (ROA)14.9%above the sector's middle half▲ 15.8pp15.2%above the sector's middle half▲ 0.3pp28.2%above the sector's middle half▲ 12.9pp15.5%above the sector's middle half▼ 12.7pp23.7%above the sector's middle half▲ 8.2pp
Staff (FTE)5.9within the sector's middle half▲ 18.0%7.2within the sector's middle half▲ 22.0%7.8within the sector's middle half▲ 8.3%9.7above the sector's middle half▲ 24.4%19.5above the sector's middle half▲ 101%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €229,646 in 2025 against €65,399 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93.1m
Fixed assets
€49.0m ▲ 0.3%
Current assets
€44.0m ▲ 57.9%
Equity and liabilities €93.1m
Equity
€90.2m ▲ 25.0%
Debt
€2.8m ▼ 38.3%
Debt's share of the balance-sheet total falls from 6.0% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.5%▲
2024 · 16.5%
Debt ≤ 1 year
€1.8m▼
2024 · €2.5m
Debt > 1 year
€1.0m▼
2024 · €2.1m
Income taxes
€8,205▼
2024 · €9,841
Staff costs
€1.8m▲
2024 · €905,802
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €892,043 | €960,479 | €967,255 | €1.3m | €2.3m | ▲ 78.4% |
| Turnover70 | €805,963 | €943,233 | €949,430 | €1.2m | €2.2m | ▲ 80.5% |
| Other operating income74 | €86,080 | €17,246 | €17,825 | €51,666 | €66,159 | ▲ 28.1% |
| Operating charges60/66A | €735,679 | €938,971 | €980,227 | €1.3m | €2.5m | ▲ 86.8% |
| Services and other goods61 | €129,092 | €221,807 | €238,558 | €327,785 | €590,085 | ▲ 80.0% |
| Remuneration, social security and pensions62 | €544,483 | €622,734 | €635,399 | €905,802 | €1.8m | ▲ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,104 | €89,313 | €99,757 | €102,663 | €95,763 | ▼ 6.7% |
| Other operating charges640/8 | - | €5,117 | €6,513 | €7,052 | €12,385 | ▲ 75.6% |
| Operating profit (loss)9901 | €156,364 | €21,508 | -€12,972 | -€65,399 | -€229,646 | ▼ 251% |
| Financial income75/76B | €8.5m | €9.5m | €20.4m | €12.1m | €22.4m | ▲ 84.5% |
| Recurring financial income75 | €8.5m | €9.5m | €20.4m | €12.1m | €22.4m | ▲ 84.5% |
| Income from financial fixed assets750 | €8.5m | €9.5m | €20.0m | €11.5m | €21.8m | ▲ 90.2% |
| Income from current assets751 | €3 | €33,016 | €312,381 | €594,931 | €513,702 | ▼ 13.7% |
| Other financial income752/9 | - | - | €69,800 | €54,705 | €39,102 | ▼ 28.5% |
| Financial charges65/66B | €252,269 | €158,017 | €149,839 | €141,708 | €43,647 | ▼ 69.2% |
| Recurring financial charges65 | €252,269 | €158,017 | €149,839 | €141,708 | €43,647 | ▼ 69.2% |
| Debt charges650 | €212,859 | €149,708 | €148,767 | €92,503 | €42,446 | ▼ 54.1% |
| Other financial charges652/9 | €39,410 | €8,309 | €1,072 | €49,205 | €1,201 | ▼ 97.6% |
| Profit (loss) for the period before taxes9903 | €8.4m | €9.4m | €20.2m | €11.9m | €22.1m | ▲ 85.4% |
| Income taxes67/77 | €9,827 | €13,920 | €9,712 | €9,841 | €8,205 | ▼ 16.6% |
| Taxes670/3 | €9,827 | €13,920 | €9,712 | €9,841 | €8,205 | ▼ 16.6% |
| Profit (loss) for the period9904 | €8.4m | €9.4m | €20.2m | €11.9m | €22.1m | ▲ 85.5% |
| Profit (loss) for the period to be appropriated9905 | €8.4m | €9.4m | €20.2m | €11.9m | €22.1m | ▲ 85.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56.2m | €61.5m | €71.8m | €76.8m | €93.1m | ▲ 21.2% |
| Fixed assets21/28 | €48.8m | €48.8m | €48.9m | €48.9m | €49.0m | ▲ 0.3% |
| Intangible fixed assets21 | €138,144 | €146,658 | €153,946 | €127,524 | €141,178 | ▲ 10.7% |
| Tangible fixed assets22/27 | €7,340 | €4,995 | €7,854 | €6,747 | €16,261 | ▲ 141% |
| Furniture and vehicles24 | €7,340 | €4,995 | €2,768 | €2,712 | €11,172 | ▲ 312% |
| Other tangible fixed assets26 | - | - | €5,086 | €4,035 | €5,089 | ▲ 26.1% |
| Financial fixed assets28 | €48.6m | €48.6m | €48.7m | €48.8m | €48.9m | ▲ 0.2% |
| Affiliated companies280/1 | €48.6m | €48.6m | €48.7m | €48.8m | €48.9m | ▲ 0.2% |
| Participating interests280 | €48.6m | €48.6m | €48.7m | €48.8m | €48.9m | ▲ 0.2% |
| Other financial fixed assets284/8 | €75 | €75 | €75 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €75 | €75 | €75 | - | - | - |
| Current assets29/58 | €7.4m | €12.8m | €22.9m | €27.9m | €44.0m | ▲ 57.9% |
| Amounts receivable after more than one year29 | €1.3m | €4.4m | €3.5m | €2.6m | €1.8m | ▼ 33.3% |
| Other amounts receivable291 | €1.3m | €4.4m | €3.5m | €2.6m | €1.8m | ▼ 33.3% |
| Amounts receivable within one year40/41 | €1.3m | €2.0m | €3.7m | €2.7m | €4.2m | ▲ 56.6% |
| Trade receivables40 | €850,029 | €990,084 | €1.0m | €1.4m | €2.6m | ▲ 89.8% |
| Other amounts receivable41 | €399,978 | €1.0m | €2.6m | €1.3m | €1.6m | ▲ 21.4% |
| Cash at bank and in hand54/58 | €4.8m | €6.3m | €15.7m | €22.5m | €38.0m | ▲ 68.9% |
| Deferred charges and accrued income490/1 | €59,379 | €49,528 | €43,160 | €32,736 | €32,483 | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56.2m | €61.5m | €71.8m | €76.8m | €93.1m | ▲ 21.2% |
| Equity10/15 | €37.8m | €43.7m | €64.0m | €72.2m | €90.2m | ▲ 25.0% |
| Contributions10/11 | €25.0m | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Capital10 | €25.0m | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Issued capital100 | €25.0m | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Reserves13 | €12.8m | €18.7m | €38.9m | €47.2m | €65.2m | ▲ 38.3% |
| Non-distributable reserves130/1 | €1.3m | €1.8m | €2.5m | €2.5m | €2.5m | = |
| Legal reserve130 | €1.3m | €1.8m | €2.5m | €2.5m | €2.5m | = |
| Distributable reserves133 | €11.5m | €17.0m | €36.4m | €44.7m | €62.7m | ▲ 40.4% |
| Profit (loss) carried forward14 | €19,447 | €15,305 | €16,725 | €38,107 | €31,804 | ▼ 16.5% |
| Amounts payable17/49 | €18.3m | €17.8m | €7.8m | €4.6m | €2.8m | ▼ 38.3% |
| Amounts payable after more than one year17 | €7.1m | €7.1m | €4.1m | €2.1m | €1.0m | ▼ 49.6% |
| Financial debts170/4 | €7.1m | €7.1m | €4.1m | €2.1m | €1.0m | ▼ 49.6% |
| Other loans174 | €7.1m | €7.1m | €4.1m | €2.1m | €1.0m | ▼ 49.6% |
| Amounts payable within one year42/48 | €11.1m | €10.7m | €3.7m | €2.5m | €1.8m | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | €3.0m | €3.0m | €3.0m | €2.0m | €1.0m | ▼ 49.0% |
| Trade debts44 | €32,148 | €44,102 | €46,867 | €25,139 | €71,059 | ▲ 183% |
| Suppliers440/4 | €32,148 | €44,102 | €46,867 | €25,139 | €71,059 | ▲ 183% |
| Taxes, remuneration and social security45 | €199,657 | €216,439 | €141,878 | €249,859 | €602,930 | ▲ 141% |
| Taxes450/3 | €45,752 | €47,526 | €35,390 | €39,751 | €320,458 | ▲ 706% |
| Remuneration and social security454/9 | €153,905 | €168,913 | €106,488 | €210,108 | €282,472 | ▲ 34.4% |
| Other amounts payable47/48 | €7.9m | €7.4m | €535,595 | €187,858 | €66,027 | ▼ 64.9% |
| Accrued charges and deferred income492/3 | €101,764 | €80,818 | €60,348 | €35,943 | €17,818 | ▼ 50.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.4m | €9.4m | €20.2m | €11.9m | €22.1m | ▲ 85.5% |
| + Depreciation and write-downs630 | €62,104 | €89,313 | €99,757 | €102,663 | €95,763 | ▼ 6.7% |
| Operating cash flow (approximation) | €8.4m | €9.5m | €20.3m | €12.0m | €22.2m | ▲ 84.7% |
| Investment in fixed assets (approximation) | - | -€105,482 | -€199,904 | -€125,059 | -€233,931 | ▼ 87.1% |
| Change in cash | - | €1.5m | €9.4m | €6.9m | €15.5m | ▲ 126% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €22.1m ▲85.5%
Net result €22.1m, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 24.96
Current ratio from 11.28 to 24.96; short-term debt falls from €2.5m to €1.8m.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 5current ratio 6.17
Current ratio from 1.20 to 6.17; short-term debt falls from €10.7m to €3.7m.
31-12
Financial
Equity above €50mEq €64.0m ▲46.2%
3 profitable years in a row build equity to €64.0m.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €8.4m
Net result €8.4m after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€426,413
Net result drops to -€426,413, the lowest in the series; recovery starts the following year.
Show earlier events
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Braine-le-Château · 1 establishment unit since 2015
Ground area
2,047 m²
Building footprint
745 m²
Volume, LiDAR
3,747 m³
Parcel 25111A0681/00C002, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MURPRO GROUP
since 20152.254.152.712
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0681/00C002 | Wallonia | 2,047 m² | 1 · 745 m² | 6.7 m · 2 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.
Structure & network
Owners and holdings
16 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 16
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
Show 6 more holdings
-
100%
-
100%
-
100%
-
100%
-
99.99%
-
99.97%
According to the 2025 annual accounts of MURPRO GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Yxof
BE 0789.847.343
Rotselaar · Eq €90,192,379
PerPetum Europe
BE 0803.299.857
Nazareth-De Pinte · Eq €90,007,346
Safuco
BE 0665.901.139
Gent · Eq €90,004,212
Smartfin Capital II
BE 0737.910.771
Etterbeek · Eq €89,965,189
Malo Ventures
BE 0793.578.180
Oostkamp · Eq €89,925,520
Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 1,938 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43421Specialised construction activities
64210Activities of holding companies
Contact
E-mail
olivier.blacquaert@murprogroup.comBraine-le-Château
Phone
02/384.96.50Braine-le-Château
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568827794
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.