Financials
- Fiscal year
- 2025
- Total assets
- €80,862
- Loss
- -€2,088
- Solvency
- -366.2%
Total assets▼ 57.8%
Net result
20222025
MUSKA
ActiveSummary
The computed 12-month bankruptcy probability of MUSKA is 3.7% (moderate). The 2025 annual accounts show negative equity (-€296,118) and a net result of -€2,088. Equity is shrinking by ~26% per year across the filed fiscal years. Its solvency ranks better than 5% of 21938 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110NACE 47113Limited-service restaurants, excluding mobile food services NACE 56112
1 site
Size
€80,862total assets 2025
- Equity
- -€296,118
- Loss
- -€2,088
Turnover not published (abridged schema)Net result +99%: 12-month year
Structure
Accounts filed 22 d late0 of 4 deeds read
Why 48- 1 change of registered office in 24 months- Ex-officio strike-off in the KBO- Negative equity -€296,118+ Liquidity: current ratio 0.21, cash €72,755Show the evidence
Checked score
Score 2025
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 29% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0=
equity -366.2% of total assets
Liquidity
50=
short-term debt 466.2% · cash 90.0%
Profitability
22+22
return on assets -2.6%
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.5%
12-2024: 2.7%▼ -49.8% vs 11-2024
01-2025: 2.7%● 0.0% vs 12-2024
02-2025: 2.7%● 0.0% vs 01-2025
03-2025: 2.7%● 0.0% vs 02-2025
04-2025: 2.7%▼ -0.9% vs 03-2025
05-2025: 2.4%▼ -11.1% vs 04-2025
06-2025: 2.3%▼ -4.1% vs 05-2025lowest value
07-2025: 2.3%● 0.0% vs 06-2025lowest value
08-2025: 2.4%▲ +2.2% vs 07-2025
09-2025: 4.4%▲ +86.9% vs 08-2025
10-2025: 7.7%▲ +73.9% vs 09-2025
11-2025: 9.5%▲ +24.1% vs 10-2025highest value
12-2025: 3.5%▼ -63.7% vs 11-2025
01-2026: 3.5%● +0.0% vs 12-2025
02-2026: 3.5%● 0.0% vs 01-2026
03-2026: 3.5%● 0.0% vs 02-2026
04-2026: 3.1%▼ -10.2% vs 03-2026
05-2026: 3.1%● 0.0% vs 04-2026
06-2026: 3.0%▼ -2.5% vs 05-2026
07-2026: 3.1%▲ +1.8% vs 06-2026
08-2026: 3.8%▲ +22.7% vs 07-2026
09-2026: 3.8%▼ -0.6% vs 08-2026
10-2026: 3.7%▼ -2.1% vs 09-2026
- Liquidity: current ratio 0.21, cash €72,755 lowers the probability
- 1 change of registered office in 24 months raises the probability
- Ex-officio strike-off in the KBO raises the probability
- Negative equity -€296,118 raises the probability
No credit on open account
Liquidity short (current ratio 0.21 against 0.42 in 2024; short-term debt: 466.2% and cash: 90% of total assets), and equity is negative.
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 47, micro). Better than this share of them on solvency 6%, liquidity 52%, profitability 22%, growth against the median 37%. 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.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
222425
2022 to 2025 · latest year -€296,118
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-11-2025, 22 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 · 3 filingsDeviation from the deadline
2025
22 d late
2024
on the day
2022
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close05-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Address strikeout annulledKBO administration
- Address struckKBO administration
Key points
By topic
Timeline
- Events
- 6
- Since
- 2023
- Next accounts
- by 31-10-2026
- 22-11-2025Annual accounts filed
- 05-09-2025Address strikeout annulled
- 08-08-2025Address struck
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 24-08-2021
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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