Financials
- Fiscal year
- 2025
- Total assets
- €5.2m
- Loss
- -€2,442
- Solvency
- 99.1%
Total assets=
Net result
20182025
MUSAE
ActiveSummary
MUSAE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of -€2,442. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activity not known1 site
Size
€5.2mtotal assets 2025
- Equity
- €5.2m
- Loss
- -€2,442
Turnover not published (abridged schema)
Structure
- Holdings
- 2
Accounts 78 d early0 of 2 deeds read
Why 93- Liquidity: cash €26,974+ Size: total assets €5.2m+ Equity €5.2m (99.1% of total assets)+ Legal form Limited partnershipShow the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (no NACE code, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
100=
equity 99.1% of total assets
Liquidity
1-50
cash 0.5%
Profitability
37=
return on assets 0.0%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● 0.0% vs 11-2024
01-2025: < 0.1%▼ -2.9% vs 12-2024lowest value
02-2025: < 0.1%● 0.0% vs 01-2025lowest value
03-2025: < 0.1%● 0.0% vs 02-2025lowest value
04-2025: < 0.1%▲ +2.9% vs 03-2025
05-2025: < 0.1%● 0.0% vs 04-2025
06-2025: < 0.1%● 0.0% vs 05-2025
07-2025: < 0.1%▼ -2.9% vs 06-2025lowest value
08-2025: < 0.1%● 0.0% vs 07-2025lowest value
09-2025: < 0.1%● 0.0% vs 08-2025lowest value
10-2025: < 0.1%● 0.0% vs 09-2025lowest value
11-2025: < 0.1%▲ +8.8% vs 10-2025highest value
12-2025: < 0.1%● 0.0% vs 11-2025highest value
01-2026: < 0.1%● 0.0% vs 12-2025highest value
02-2026: < 0.1%● 0.0% vs 01-2026highest value
03-2026: < 0.1%● 0.0% vs 02-2026highest value
04-2026: < 0.1%● 0.0% vs 03-2026highest value
05-2026: < 0.1%▼ -2.7% vs 04-2026
06-2026: < 0.1%● 0.0% vs 05-2026
07-2026: < 0.1%● 0.0% vs 06-2026
08-2026: < 0.1%● 0.0% vs 07-2026
09-2026: < 0.1%▲ +2.8% vs 08-2026highest value
10-2026: < 0.1%● 0.0% vs 09-2026highest value
- Size: total assets €5.2m lowers the probability for this profile
- Equity €5.2m (99.1% of total assets) lowers the probability
- Liquidity: cash €26,974 raises the probability
- Legal form Limited partnership lowers the probability
Credit up to €480,000 at 30 days acceptable
cash: 0.5% of total assets, and 0.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 82%, liquidity 5%, profitability 36%, growth against the median 43%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 14-12-2025 was due by 14-07-2026 and was filed on 27-04-2026, 78 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
78 d early
2024
97 d early
2023
33 d early
2022
3 d early
2021
10 d early
2020
33 d early
2019
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 14-12-2026 and is due by 14-07-2027. Nothing is late today. Usually files around 12 June (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today14-12-2026 close14-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Network & group
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 14-07-2027
- 27-04-2026Annual accounts filed
- 08-04-2025Annual accounts filed
- 11-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Limited partnership
- Founded
- 24-10-1995
- Year ends
- 14-12
- Peppol
- Not found in the Peppol directory
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