MUS
ActiveMUS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €359k and a net result of €41k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 17638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 8.21 in 2024), and 28.9% 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
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
Sector 47
higher
← 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
71.1%
Return on assets
8.1%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
5 d late
2023
on the day
2022
on the day
2021
18 d early
2020
4 d late
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close08-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€359k▼ 3.8%
2024 · €373k
2019: €245k
2020: €280k
2021: €249k
2022: €276k
2023: €329k
2024: €373k
2019 → 2025
Total assets
€504k▲ 21.7%
2024 · €414k
2019: €318k
2020: €376k
2021: €447k
2022: €377k
2023: €395k
2024: €414k
2019 → 2025
Net result
€41k▼ 6.4%
2024 · €44k
2019: €20k
2020: €35k
2021: €52k
2022: €42k
2023: €61k
2024: €44k
2019 → 2025
Working capital
€293k▼ 2.3%
2024 · €300k
2019: €217k
2020: €253k
2021: €212k
2022: €213k
2023: €248k
2024: €300k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€249k-€276k▲ 10.6%€329k▲ 19.3%€373k▲ 13.3%€359k▼ 3.8%
Operating result€80k-€63k▼ 21.0%€91k▲ 44.5%€66k▼ 27.0%€61k▼ 8.2%
Net result€52k-€42k▼ 19.1%€61k▲ 44.8%€44k▼ 28.4%€41k▼ 6.4%
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 has fallen two years in a row; 2025 is 8% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504k
Fixed assets
€66k▼ 9.9%
Current assets
€438k▲ 28.5%
Equity and liabilities €504k
Equity
€359k▼ 3.8%
Debt
€146k▲ 249%
The debt ratio rises from 10.1% to 28.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€68k▼
2024 · €74k
Cash flow
€48k▼
2024 · €51k
Solvency
71.1%▼
2024 · 89.9%
Current ratio
3.01▼
2024 · 8.21
Quick ratio
2.56▼
2024 · 6.93
Debt / equity
0.41▲
2024 · 0.11
ROE
11.4%▼
2024 · 11.7%
ROA
8.1%▼
2024 · 10.6%
Interest coverage
58.49▲
2024 · 55.37
Debt
€146k▲
2024 · €42k
Debt ≤ 1 year
€146k▲
2024 · €42k
Income taxes
€19k▼
2024 · €21k
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€414k€504k▲
Fixed assets21/28€73k€66k▼
Tangible fixed assets22/27€73k€66k▼
Land and buildings22€60k€58k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€4k€881▼
Financial fixed assets28€155€155=
Current assets29/58€341k€438k▲
Stocks and contracts in progress3€54k€66k▲
Stocks30/36€54k€66k▲
Amounts receivable within one year40/41€70k€79k▲
Trade receivables40€70k€79k▲
Other amounts receivable41€41€38▼
Cash at bank and in hand54/58€216k€291k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€414k€504k▲
Equity10/15€373k€359k▼
Contributions10/11€19k€19k=
Reserves13€353k€339k▼
Distributable reserves133€353k€339k▼
Profit (loss) carried forward14€836€836=
Amounts payable17/49€42k€146k▲
Amounts payable within one year42/48€42k€146k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€14k€59k▲
Suppliers440/4€14k€59k▲
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€21k€76k▲
Accrued charges and deferred income492/3€169€69▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€3k€2k▼
Gross operating margin9900€76k€70k▼
Operating profit (loss)9901€66k€61k▼
Financial income75/76B€32€2▼
Recurring financial income75€32€2▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€65k€60k▼
Income taxes67/77€21k€19k▼
Profit (loss) for the period9904€44k€41k▼
Profit (loss) for the period to be appropriated9905€44k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€42k▼
Profit (loss) brought forward from the previous period14P€836€836=
Transfer from equity791/2€0€55k▲
Transfer to equity691/2€44k€41k▼
To other reserves6921€44k€41k▼
Profit to be distributed694/7€0€55k▲
Return on contributions (dividend)694€0€55k▲
The notes to these accounts (14 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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €61k ▲44.8%
Operating result €91k, net result €61k, both a record.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 1990
Ground area
401 m²
Building footprint
170 m²
Volume, LiDAR
883 m³
Parcel 11813N0834/00P003, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Blancefloerlaan 54, 2050 Antwerpen
since 19902.047.230.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0834/00P003 | Flanders | 401 m² | 1 · 170 m² | 11.0 m · 1 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.
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Eudos
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MERTENS BERNI
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Amarant
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Of 2,322 companies in sector 47621 we hold annual accounts for 1,237. 886 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-1989
Fiscal year end31-03
Activities, NACEBEL
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.