Equity
€1.1m ▲ 15.1%
MUSINT has made a profit without a break since 2019.
MUSINT
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €785,127 (2023)
-€72,407▼ €212,884
lowest -€25,123 (2015)
€147,271▼ 26.5%
peak €1.1m (2025)
€1.1m▲ 15.1%
€1.0m▲ 47.8%
Board4 names since 2021
1 directorMichel MERTEN
Documentsfilings and deeds
03-10-202664 days late
2025abbreviated format
Gross margin from €140,477 to -€72,407Result from €200,432 to €147,271Appointment: Michel MERTEN (director) 09-01Equity from €972,368 to €1.1mDebts from €694,464 to €1.0mCash from €75,313 to €359,828
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 66% of small companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025
11-2025: 0.2%▼ -0.2 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 64 days late; 3 of the last 3 accounts late
lowers risk
Size: total assets €2.3m
Founded in 1998
Liquidity: current ratio 1.95, cash €359,828
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 56% of them on solvency, 67% on liquidity, 73% on profitability and 70% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as MUSINT has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of MUSINT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for MUSINT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.95 (2.86 in 2024), above the usual 1.5. Short-term debt is 33.5% and cash 15.6% of total assets. However, 51.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 64 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-10-2026, 64 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
64 days late
2024
72 days late
2023
62 days late
2022
121 days late
2021
31 days late
2020
31 days late
2019
82 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 66 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 October (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462400978
Appointment: Michel MERTEN (director)
“Toutes activités de prestations de recherche, de conseil, d'études, de tests de faisabilité, de gestion de…” (deed in French) · Legal-form conversion: from public limited company to private limited company · General meeting of 20-12-2024 · Gazette deed
Resignation: OLANG Sheilah (director)
Gazette deed
Company renamed from MUSICA INTERNATIONAL to MUSINT
Capital decrease of €500,000 to €288,750 · Capital from €788,750 to €288,750 · Resignation: Michel De Kempeneer (director) · General meeting of 17-11-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MUSINT Brussels | €2.3m | -€72,407 | 48.4% | - |
| D.C.J.J. CONSULTING Brussels | €2.3m | -€214 | 93.9% | - |
| MAIL ADVICE AND SERVICES Kinrooi | €2.5m | -€26,578 | 21.3% | - |
| CLASTINA Wingene | €2.6m | -€131,486 | 53.6% | - |
| Won Zoersel | €2.3m | €1,078 | 97.9% | - |
| SCHELLSEA Antwerp | €2.7m | €702 | 100.0% | - |
| MARFIDEZ Ghent | €2.0m | -€714 | 96.5% | 0 |
These companies have the same main activity as MUSINT: other business support services (NACE 82990). They are comparable in size and age: total assets between €2m and €2.7m, founded between 1993 and 2000.
Official details
Source: KBO- Status
- Active since 12-01-1998Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.085.875.0331000 Brussels, since 16-03-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Insights on MUSINT
MUSINT files the abbreviated format. That format states no turnover. The gross margin fell from €136,763 in 2006 to -€72,407 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MUSINT
- What is the company number of MUSINT?
- The company number of MUSINT is 0462.400.978. The VAT number is the same number with BE in front: BE 0462.400.978.
- Where is MUSINT based?
- The registered office is at Veronesestraat 10, 1000 Brussels.Company details
- What does MUSINT do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of MUSINT?
- MUSINT is a private limited company (BV).
- When was MUSINT founded?
- MUSINT was founded on 12-01-1998.
- Is MUSINT still active?
- Yes, MUSINT is an active enterprise in the KBO register.
- What is the turnover of MUSINT?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is MUSINT profitable?
- In financial year 2025, MUSINT made a profit of €147,271.
- Where can I find the annual accounts of MUSINT?
- MUSINT filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MUSINT due?
- MUSINT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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