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MUSELLE

Active
Private limited company (pre-2019)founded 201312 yrs activeRue Ferme de la Vallée(FL) 37, 5170 Profondeville, BelgiumKBO/BCE: BE 0540.581.592
Summary

The computed 12-month bankruptcy probability of MUSELLE is 2.5% (moderate). The 2024 annual accounts show equity of €514,155 and a net result of €34,959. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 6728 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MUSELLEActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410Site preparation NACE 43120
1 site
Size
€643,938total assets 2024
Equity
€514,155
Profit
€34,959
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2024
Bankruptcy chance 12 m
2.5%
Structure
Accounts 66 d overdue0 of 2 deeds read
Why 53- 1 financial year not filed after the legal deadline; latest accounts 105 days late; 3 of the last 3 late- Figures for FY 2024 (filed 18-11-2025)- Sector Land transport and transport via pipelines (NACE 49)+ Equity €514,155 (79.8% of total assets)Show the evidence

Checked score

Score 2024
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 59% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 100=
equity 79.8% of total assets
Liquidity 48-11
short-term debt 20.2% · cash 3.5%
Profitability 76-8
return on assets 5.4%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,055 companies)
Last 24 months 11-2024: 8.0%highest value 12-2024: 0.9%▼ -88.4% vs 11-2024 01-2025: 0.9%▼ -4.5% vs 12-2024lowest value 02-2025: 0.9%● 0.0% vs 01-2025lowest value 03-2025: 0.9%▲ +2.3% vs 02-2025 04-2025: 0.9%▲ +2.1% vs 03-2025 05-2025: 0.9%▼ -1.7% vs 04-2025 06-2025: 1.0%▲ +5.1% vs 05-2025 07-2025: 1.0%▲ +2.0% vs 06-2025 08-2025: 1.2%▲ +22.3% vs 07-2025 09-2025: 1.3%▲ +10.8% vs 08-2025 10-2025: 2.0%▲ +48.7% vs 09-2025 11-2025: 2.0%▲ +3.4% vs 10-2025 12-2025: 1.2%▼ -38.6% vs 11-2025 01-2026: 1.2%▼ -0.6% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%▼ -0.7% vs 02-2026 04-2026: 1.2%▲ +2.0% vs 03-2026 05-2026: 1.1%▼ -9.5% vs 04-2026 06-2026: 1.2%▲ +3.6% vs 05-2026 07-2026: 1.2%▲ +4.9% vs 06-2026 08-2026: 1.6%▲ +30.5% vs 07-2026 09-2026: 1.8%▲ +10.5% vs 08-2026 10-2026: 2.5%▲ +43.3% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 105 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 18-11-2025) raises the probability
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
  • Equity €514,155 (79.8% of total assets) lowers the probability
Credit up to €25,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.5 against 5.51 in 2023; short-term debt: 20.2% and cash: 3.5% of total assets), and 20.2% 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 (NACE 49, micro). Better than this share of them on solvency 92%, liquidity 49%, profitability 55%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. 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.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 105 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 18-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Equity €514,155 (79.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-11-2025, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
105 d late
2023
120 d late
2022
414 d late
2020
235 d late
2019
129 d late
2018
152 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 193 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Weakest financial yearnet €34,959 ▼53.1%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Among the best 5% on equitysector median €33,637 · 6,737 companies €514,155 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Positive: 6 profitable years in a rowprofit 2024: €34,959 6 years View

By topic

Financials

Fiscal year
2024
Total assets
€643,938
Profit
€34,959
Solvency
79.8%
Turnover▲ 12.3%
Net result
20182020
Go to Financials

Timeline

Events
15
Since
2015
  1. 13-11-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 28-11-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Freight transport by roadNACE 49410
Founded
07-10-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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