MUSETTE
ActiveMUSETTE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406 and a net result of €-2k. Equity is shrinking by ~25.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 13% of 7690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency23▼-50
Growth32▼-20
Stability94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.54 against 2.46 in 2024), but 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7690 sector peers (2025).
NBB · sector comparisonPosition among 7690 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
7 d early
2022
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€406▼ 99.0%
2024 · €41k
2022: €37k
2023: €32k
2024: €41k
2022 → 2025
Total assets
€165k▲ 32.3%
2024 · €125k
2022: €149k
2023: €147k
2024: €125k
2022 → 2025
Net result
€-2k
2024 · €9k
2022: €36k
2023: €-4k
2024: €9k
2022 → 2025
Working capital
€40k▼ 5.3%
2024 · €42k
2022: €55k
2023: €44k
2024: €42k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€37k-€32k▼ 14.1%€41k▲ 26.8%€406▼ 99.0%
Operating result€43k-€-4k€13k€48▼ 99.6%
Net result€36k-€-4k€9k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 100% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€50k▼ 5.0%
Current assets
€115k▲ 60.5%
Equity and liabilities €165k
Equity
€406▼ 99.0%
Debt
€165k▲ 95.6%
The debt ratio rises from 67.5% to 99.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€10k▼
2024 · €26k
Cash flow
€8k▼
2024 · €22k
Solvency
0.2%▼
2024 · 32.5%
Current ratio
1.54▼
2024 · 2.46
Quick ratio
1.54▼
2024 · 2.46
ROA
-1.0%▼
2024 · 7.6%
Interest coverage
6.70▼
2024 · 16.74
Debt
€165k▲
2024 · €84k
Debt ≤ 1 year
€75k▲
2024 · €29k
Debt > 1 year
€90k▲
2024 · €55k
Income taxes
€164▼
2024 · €2k
Equity ratios withheld: equity of €406 is too small for a meaningful ratio.
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€125k€165k▲
Formation expenses20€257€11▼
Fixed assets21/28€53k€50k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€47k€46k▼
Land and buildings22€35k€34k▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€3k€1k▼
Current assets29/58€72k€115k▲
Amounts receivable within one year40/41€12k€18k▲
Trade receivables40€6k€12k▲
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€10k€56k▲
Deferred charges and accrued income490/1€49k€41k▼
Equity and liabilities
Total equity and liabilities10/49€125k€165k▲
Equity10/15€41k€406▼
Contributions10/11€2k€2k=
Reserves13€39k-
Distributable reserves133€39k-
Profit (loss) carried forward14-€-2k
Amounts payable17/49€84k€165k▲
Amounts payable after more than one year17€55k€90k▲
Financial debts170/4€55k€90k▲
Amounts payable within one year42/48€29k€75k▲
Current portion of amounts payable after more than one year42€10k€15k▲
Financial debts43€2k€2k▲
Credit institutions430/8€2k€2k▲
Trade debts44€7k€14k▲
Suppliers440/4€7k€14k▲
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€6k€41k▲
Accrued charges and deferred income492/3€367€279▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Other operating charges640/8€4k€765▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€31k€11k▼
Operating profit (loss)9901€13k€48▼
Financial income75/76B€0€11▲
Recurring financial income75€0€11▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€12k€-1k▼
Income taxes67/77€2k€164▼
Profit (loss) for the period9904€9k€-2k▼
Profit (loss) for the period to be appropriated9905€9k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-2k▼
Transfer from equity791/2-€39k
Transfer to equity691/2€9k-
To other reserves6921€9k-
Profit to be distributed694/7€859€39k▲
Return on contributions (dividend)694€859€39k▲
The notes to these accounts (9 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k ▼112%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lievegem · 1 establishment unit since 2021
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.
Neerstraat 269921 LievegemGround area
873 m²
Building footprint
180 m²
Volume, LiDAR
826 m³
Parcel 44068B0366/00C003, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MUSETTE
since 20212.312.765.060
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44068B0366/00C003 | Flanders | 873 m² | 1 · 180 m² | 6.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,800 EUR awarded · 1,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 600 EUR | 600 EUR |
| 2024 | 1 | 600 EUR | 600 EUR |
| 2023 | 1 | 600 EUR | 600 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,419 companies in sector 82990 we hold annual accounts for 9,361. 481 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2021
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
43990Other specialised construction activities
43999Specialised construction activities
55203Holiday cottages, homes and apartments
63910Web portal activities
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
74120Graphic design and visual communication
74209Other photographic activities
79901Tourist information services
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.