MUSSEN-ELECTRICS
ActiveThe computed 12-month bankruptcy probability of MUSSEN-ELECTRICS is 2.1% (moderate). The 2024 annual accounts show equity of €257k and a net result of €56k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+2
Solvency67▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.87 in 2023; short-term debt: 22.5% and cash: 5.5% of total assets), but 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€257k▲ 13.6%
2023 · €226k
2019: €109k
2020: €123k
2021: €165k
2022: €184k
2023: €226k
2019 → 2024
Total assets
€610k▲ 8.5%
2023 · €562k
2019: €206k
2020: €573k
2021: €535k
2022: €537k
2023: €562k
2019 → 2024
Net result
€56k▲ 31.1%
2023 · €43k
2019: €89k
2020: €14k
2021: €42k
2022: €18k
2023: €43k
2019 → 2024
Working capital
€125k▲ 4.2%
2023 · €120k
2019: €84k
2020: €21k
2021: €88k
2022: €88k
2023: €120k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€123k-€165k▲ 34.2%€184k▲ 11.0%€226k▲ 23.2%€257k▲ 13.6%
Operating result€16k-€49k▲ 201%€23k▼ 53.7%€60k▲ 161%€75k▲ 25.8%
Net result€14k-€42k▲ 194%€18k▼ 57.0%€43k▲ 135%€56k▲ 31.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 26% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €610k
Fixed assets
€347k▲ 14.6%
Current assets
€263k▲ 1.4%
Equity and liabilities €610k
Equity
€257k▲ 13.6%
Debt
€353k▲ 5.1%
The debt ratio falls from 59.8% to 57.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▲
2023 · €82k
Cash flow
€81k▲
2023 · €65k
Solvency
42.1%▲
2023 · 40.2%
Current ratio
1.91▲
2023 · 1.87
Quick ratio
1.46▲
2023 · 1.41
Debt / equity
1.37▼
2023 · 1.49
ROE
21.7%▲
2023 · 18.8%
ROA
9.2%▲
2023 · 7.6%
Interest coverage
15.56▲
2023 · 10.92
Debt
€353k▲
2023 · €336k
Debt ≤ 1 year
€137k▼
2023 · €139k
Debt > 1 year
€215k▲
2023 · €197k
Income taxes
€16k▲
2023 · €13k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€562k€610k▲
Fixed assets21/28€303k€347k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€303k€347k▲
Land and buildings22€292k€274k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€8k€71k▲
Financial fixed assets28€175€175=
Current assets29/58€259k€263k▲
Stocks and contracts in progress3€63k€62k▼
Stocks30/36€63k€62k▼
Amounts receivable within one year40/41€141k€167k▲
Trade receivables40€54k€82k▲
Other amounts receivable41€87k€85k▼
Cash at bank and in hand54/58€54k€34k▼
Deferred charges and accrued income490/1€515€264▼
Equity and liabilities
Total equity and liabilities10/49€562k€610k▲
Equity10/15€226k€257k▲
Contributions10/11€20k€20k=
Reserves13€164k€206k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€162k€206k▲
Profit (loss) carried forward14€43k€31k▼
Amounts payable17/49€336k€353k▲
Amounts payable after more than one year17€197k€215k▲
Financial debts170/4€197k€215k▲
Amounts payable within one year42/48€139k€137k▼
Current portion of amounts payable after more than one year42€30k€11k▼
Financial debts43-€7k
Other loans439-€7k
Trade debts44€87k€56k▼
Suppliers440/4€87k€56k▼
Taxes, remuneration and social security45€22k€38k▲
Taxes450/3€17k€33k▲
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48-€25k
Accrued charges and deferred income492/3€173€461▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€25k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€85k€104k▲
Operating profit (loss)9901€60k€75k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€55k€72k▲
Income taxes67/77€13k€16k▲
Profit (loss) for the period9904€43k€56k▲
Profit (loss) for the period to be appropriated9905€43k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€98k▲
Profit (loss) brought forward from the previous period14P€18k€43k▲
Transfer to equity691/2€18k€43k▲
To other reserves6921€18k€43k▲
Profit to be distributed694/7-€25k
Return on contributions (dividend)694-€25k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €226k ▲23.2%
5 profitable years in a row build equity to €226k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150kEq €165k ▲34.2%
3 profitable years in a row build equity to €165k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €14k ▼83.9%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
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, As · 1 establishment unit since 2018
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.
Bremstraat 223665 AsGround area
1,600 m²
Building footprint
626 m²
Volume, LiDAR
809 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MUSSEN-ELECTRICS
since 20182.283.149.376
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B1401/00M002 | Flanders | 827 m² | 1 · 482 m² | 0.1 m |
| 71043B0007/00S021 | Flanders | 773 m² | 1 · 144 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
L.A. Elec
BE 0669.937.428
Sombreffe · Eq €257k
KW Solutions
BE 0746.771.029
Dilbeek · Eq €257k
CLOET TECHNICS
BE 0794.415.350
Ieper · Eq €257k
ACTIOMENTIS
BE 0827.720.497
Hannut · Eq €257k
CHAINGED
BE 0869.645.184
Lasne · Eq €257k
Of 22,821 companies in sector 43211 we hold annual accounts for 10,324. 7,856 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
46212Wholesale trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.