MUSCO

Active

Private limited companyfounded 20206 yrs activeKoolmijnlaan 56, 3580 Beringen, BelgiumKBO/BCE: BE 0751.739.607

The computed 12-month bankruptcy probability of MUSCO is 7.0% (elevated). The 2024 annual accounts show equity of €71k and a net result of €100k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 18936 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

72 / 100

Healthy▲ +50 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+50

Solvency59▲+19

Growth85▲+63

Stability100

Bankruptcy probability, 12 months

7.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.22 against 0.79 in 2023), and 53.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

124 d late

2022

on the day

2021

1 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€494k▲ 759%

2023 · €58k

2022: €197k 2023: €58k

2022 → 2024

EBIT margin

20.6%▲ 99.0pp

2023 · -78.4%

2022: 1.0% 2023: -78.4%

2022 → 2024

Net result

€100k

2023 · €-46k

2021: €13k 2022: €2k 2023: €-46k

2021 → 2024

Working capital

€-63k▼ 354%

2023 · €-14k

2021: €15k 2022: €32k 2023: €-14k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€197k€58k▼ 70.7%€494k▲ 759%

Equity€15k-€17k▲ 11.1%€-29k€71k

Operating result€14k-€2k▼ 85.0%€-45k€102k

Net result€13k-€2k▼ 87.4%€-46k€100k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €102k after a loss of €45k in 2023, the highest year so far.

Balance-sheet composition

Assets €152k

88.2%

12%

Fixed assets €134k

Current assets €18k

Equity and liabilities €152k

46.8%

53.2%

Equity €71k

Debt €81k

Debt finances 53.2% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€130k

Cash flow

€128k

Solvency

46.8%▲

2023 · -55.8%

Current ratio

0.22▼

2023 · 0.79

Quick ratio

0.22▼

2023 · 0.79

Debt / equity

1.14▲

2023 · -2.79

ROE

140.6%▼

2023 · 157.5%

ROA

65.8%▲

2023 · -87.9%

Interest coverage

72.74

Debt

€81k▲

2023 · €81k

Debt ≤ 1 year

€81k▲

2023 · €66k

Staff costs

€24k▲

2023 · €7k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€52k€152k▲

Fixed assets21/28-€134k

Tangible fixed assets22/27-€127k

Plant, machinery and equipment23-€66k

Furniture and vehicles24-€61k

Financial fixed assets28-€8k

Current assets29/58€52k€18k▼

Amounts receivable within one year40/41€52k€13k▼

Trade receivables40€30k€13k▼

Other amounts receivable41€22k-

Cash at bank and in hand54/58€88€5k▲

Equity and liabilities

Total equity and liabilities10/49€52k€152k▲

Equity10/15€-29k€71k▲

Contributions10/11€2k€2k=

Outside capital11€2k€2k=

Other1109/19€2k€2k=

Profit (loss) carried forward14€-31k€69k▲

Amounts payable17/49€81k€81k▲

Amounts payable within one year42/48€66k€81k▲

Trade debts44€12k€2k▼

Suppliers440/4€12k€2k▼

Taxes, remuneration and social security45-€9k

Taxes450/3-€9k

Other amounts payable47/48€54k€70k▲

Accrued charges and deferred income492/3€15k-

Income statement Code20232024

Turnover70€58k€494k▲

Goods, raw materials, services and sundry goods60/61€91k€336k▲

Remuneration, social security and pensions62€7k€24k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€28k

Other operating charges640/8€5k€4k▼

Gross operating margin9900€-34k€158k▲

Operating profit (loss)9901€-45k€102k▲

Financial income75/76B€0€11▲

Recurring financial income75€0€11▲

Financial charges65/66B€387€2k▲

Recurring financial charges65€387€2k▲

Profit (loss) for the period before taxes9903€-46k€100k▲

Profit (loss) for the period9904€-46k€100k▲

Profit (loss) for the period to be appropriated9905€-46k€100k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-31k€69k▲

Profit (loss) brought forward from the previous period14P€15k€-31k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

31-12

Financial Back to profitnet €100k

Net result €100k after one loss-making year.

02-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 124 days late

2023

31-12

Financial Weakest financial yearnet €-46k ▼2837%

Net result drops to €-46k, the lowest in the series; recovery starts the following year.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity triplescurrent ratio 3.54

Current ratio from 1.14 to 3.54; short-term debt falls from €108k to €12k.

01-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1 day late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Beringen · 4 establishment units since 2020

establishment All 4 establishment units on the map

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.

Koolmijnlaan 563580 Beringen

Ground area

3,719 m²

Building footprint

1,388 m²

Volume, LiDAR

6,370 m³

3 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.

4 establishment units

Musco

Koolmijnlaan 54, 3580 BeringenSpecialised construction activities

since 20202.308.493.892

Koolmijnlaan 56, 3580 Beringen

Limited-service restaurants

since 20232.348.018.424

Koolmijnlaan 145, 3550 Heusden-Zolder

Food and beverage service activities

since 20242.358.410.785

Zuidstraat 9, 3581 Beringen

Artisanal bread and fresh pastry making

since 20242.358.628.640

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71005C0952/00T000	Flanders	2,577 m²	1 · 427 m²	7.8 m · 1 fl.
71004A0190/00R003	Flanders	755 m²	1 · 627 m²	7.2 m · 2 fl.
71025A1039/00P002	Flanders	388 m²	1 · 335 m²	9.7 m · 1 fl.