MUSEUM REAL ESTATE DEVELOPMENT
The computed 12-month bankruptcy probability of MUSEUM REAL ESTATE DEVELOPMENT is 0.7% (low). The 2023 annual accounts show negative equity (€-177k) and a net result of €-253k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 10% of 4309 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-177k |
| Net result | €-253k |
| Better than sector | 10% |
| Active | 8 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -13.8% | 17.6% | |
| Net result | €-253k | €2k | |
| Equity | €-177k | €26k | |
| Gross operating margin | €-120k | €23k | |
| Staff costs | €215 | €21k |
Show 10 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-218k |
| Net profit | €-253k |
| Cash flow | €-250k |
| Staff costs | €215 |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.29M |
| Equity | €-177k |
| Debt | €1.47M |
| of which ≤ 1y | €553k |
| of which > 1y | €913k |
| Working capital | €722k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 2.30 |
| Quick ratio | 0.18 |
| Working capital ratio | 56.0% |
| Solvency | -13.8% |
| Debt / equity | -8.26 |
| Long-term debt ratio | -5.14 |
| Interest coverage | -6.80 |
| Gross margin | - |
| Net margin | - |
| ROA | -19.7% |
| ROE | 142.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.29M |
| Fixed assets | 21/28 | €14k |
| Tangible fixed assets | 22/27 | €13k |
| Financial fixed assets | 28 | €960 |
| Current assets | 29/58 | €1.28M |
| Stocks & contracts in progress | 3 | €1.17M |
| Amounts receivable within one year | 40/41 | €79k |
| Cash & bank | 54/58 | €21k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.29M |
| Equity | 10/15 | €-177k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €-202k |
| Amounts payable | 17/49 | €1.47M |
| Amounts payable after one year | 17 | €913k |
| Amounts payable within one year | 42/48 | €553k |
| Trade debts payable within one year | 44 | €490k |
| Income statement | ||
| Gross operating margin | 9900 | €-120k |
| Operating result | 9901 | €-221k |
| Financial income | 75 | €7 |
| Financial charges | 65 | €32k |
| Result before taxes | 9903 | €-253k |
| Net result for the period | 9904 | €-253k |
| Result to be appropriated | 9905 | €-253k |
Historic, not recently confirmed (1)
-
Pattinax BVBALegal entityManager· perm. rep.: VAN DER AA AlexState Gazette act 18062826 (17-04-2018)Not recently confirmedlast confirmed in an act from 2018
Former directors (1)
-
Former- → 13-03-2018
| NACE primary | Handel in eigen onroerend goed(68110) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 25-09-2017 |
| Status | Active |
| Postal code | 2550 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0027/00E015 | Flanders | 1,809 m² | 1 · 477 m² | 10.8 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-05-2026 Seat change · Power of attorney · Act object
- Filing: 2026-04-10 · MUSEUM REAL ESTATE DEVELOPMENT
- Publication: 2026-05-06 · MUSEUM REAL ESTATE DEVELOPMENT
- Seat change: to: Antwerpsesteenweg 116, 2550 Kontich, from: Liersesteenweg 193, 2640 Mortsel, effective_date: 2026-01-08 · MUSEUM REAL ESTATE DEVELOPMENT
- Power of attorney: date: 2026-01-08, scope: uitvoering en verwerking en publicatie van de beslissingen van deze vergadering, duration: voor onbepaalde tijd en tot aan de uitdrukkelijke herroeping, granted_by: bevoegde bestuursorgaan · MUSEUM REAL ESTATE DEVELOPMENT
- Power of attorney: date: 2026-01-08, scope: publicatie van de beslissingen van deze vergadering, granted_by: bevoegde bestuursorgaan, jointly_or_severally: afzonderlijk of met meerderen of allen samen handelend · MUSEUM REAL ESTATE DEVELOPMENT
- Power of attorney: date: 2026-01-08, scope: publicatie van de beslissingen van deze vergadering, granted_by: bevoegde bestuursorgaan, jointly_or_severally: afzonderlijk of met meerderen of allen samen handelend · MUSEUM REAL ESTATE DEVELOPMENT
- Act object: Wijziging zetel - bijzondere volmacht
Technical details
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"quote": "De bestuurder beslist dat de zetel van de vennootschap zal worden verplaatst van Liersesteenweg 193, 2640 Mortsel naar Antwerpsesteenweg 116, 2550 Kontich, en dit vanaf 08/01/2026.",
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"quote": "Het bestuursorgaan verleent volmacht aan BV liberoo Tax \u0026 Legal, rechtspersoon met zetel te 2900 Schoten, Brechtsebaan 30, RPR Antwerpen afdeling Antwerpen, gekend in de KBO onder nummer 0436.957.779, en aan diens aangestelden, voor onbepaalde tijd en tot aan de uitdrukkelijke herroeping, voor wat betreft de acties nodig voor de uitvoering en verwerking en publicatie van de beslissingen van deze vergadering.",
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}26-09-2025 VAN DER AA Alex resigns as manager
- VAN DER AA Alex, Zaakvoerder
Technical details
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}22-10-2019 Registered office moved from Berlaar to Mortsel
- Pastoor Haemelsstraa 38, 2590 Berlaar → Liersesteenweg 193, 2640 Mortsel
Technical details
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}17-04-2018 1 director appointed, 1 resigning
- VAN DER AA Alex, Zaakvoerder
- VAN DER AA Alex, Zaakvoerder
Technical details
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}27-09-2017 Incorporation of a new BV
Technical details
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}| Legal nameNL | MUSEUM REAL ESTATE DEVELOPMENT |
| AbbreviationNL | Museum-red |