MUSTANG & CO

Active

Private limited companyfounded 2008active for 17 yearsHandelslaan(P.E) 15, 7850 Enghien, BelgiumKBO/BCE: BE 0807.655.058

From the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MUSTANG & CO is 6.2% (elevated). The 2024 annual accounts show equity of €208,703 and a net result of €17,215. Equity is growing by about 6.9% per year across the filed financial years. Its solvency ranks better than 20% of 575 sector peers (NACE 95, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

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MUSTANG & COActiveChecked score 35/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 07-11-2008 Normal situation
Legal form: Private limited company
Registered office: Handelslaan(P.E) 15, 7850 Enghien
Activity: General maintenance and repair of cars and light vans (up to 3.5 tonnes) NACE 95311and 4 others
Establishment units: 2.178.747.781 7850 Enghien, since 19-06-2009
: 2.299.449.930 1600 Sint-Pieters-Leeuw, since 01-01-2020
Financial year end: 31 December
Peppol: Reachable since 19-01-2026

Company details

Who decides

Board

THIENPONT AnthonyDirector · since 10-01-2023
THIENPONT SébastienDirector · since 10-01-2023

Board & ownership

How it is doing

35 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 6.2%

Annual accounts 2024

Gross margin: €397,789; ▼ 40.4%
Turnover: ≈ €1.5m; estimated
Profit: €17,215; ▼ 93.5%
Equity: €208,703; ▲ 9.0%
Total assets: €2.5m; ▼ 21.4%
Staff: 2 FTE; ▼ 39.4%

Net result -94%: other schema2025 accounts not filed, 93 days past the deadline

Filed on 29-10-2025PDF

Financials

Why 35raises riskFigures for financial year 2024 (filed 30-10-2025)Liquidity: current ratio 0.96, cash €2,018, halved1 financial year not filed after the legal deadline; last filed accounts filed 90 days late; 2 of the last 3 latelowers riskFounded in 2008Show the evidence

Checked score

Score 2024

35 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 31% of its sector peers (NACE 95, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 33+2

equity 8.5% of total assets

Liquidity 27+2

short-term debt 47.0% · cash 0.1%

Profitability 53-26

return on assets 0.7%

Bankruptcy probability, 12 months

6.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (5,130 companies, NACE 95, micro)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.7%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%▲ +0.2 percentage points vs 03-2025 05-2025: 1.2%▲ +0.3 percentage points vs 04-2025 06-2025: 1.6%▲ +0.4 percentage points vs 05-2025 07-2025: 1.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▼ -0.6 percentage points vs 07-2025 09-2025: 1.3%▲ +0.2 percentage points vs 08-2025 10-2025: 1.8%▲ +0.5 percentage points vs 09-2025 11-2025: 3.0%▲ +1.2 percentage points vs 10-2025 12-2025: 3.0%● unchanged vs 11-2025 01-2026: 3.0%● unchanged vs 12-2025 02-2026: 3.1%▲ +0.1 percentage points vs 01-2026 03-2026: 3.5%▲ +0.4 percentage points vs 02-2026 04-2026: 3.5%● unchanged vs 03-2026 05-2026: 3.3%▼ -0.2 percentage points vs 04-2026 06-2026: 3.3%● unchanged vs 05-2026 07-2026: 3.2%▼ -0.1 percentage points vs 06-2026 08-2026: 4.4%▲ +1.2 percentage points vs 07-2026 09-2026: 4.9%▲ +0.5 percentage points vs 08-2026 10-2026: 6.2%▲ +1.3 percentage points vs 09-2026highest value

Credit of up to €7,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity insufficient (current ratio 0.96, compared with 0.92 in 2023, below 1; short-term debt: 47% and cash: 0.1% of total assets), and 91.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 95, micro): better than 22% on solvency, 19% on liquidity, 29% on profitability and 53% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Figures for financial year 2024 (filed 30-10-2025)

NBB · annual accounts

Liquidity: current ratio 0.96, cash €2,018, halved

NBB · annual accounts

Founded in 2008

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

1 financial year not filed after the legal deadline; last filed accounts filed 90 days late; 2 of the last 3 late

NBB · filings

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 575 sector peers (2024).

NBB · sector comparison

Position among 575 sector peers

Solvency

better than 20%

← weakest strongest →

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline01-11-2026 today

2024 accounts filed 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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 · 10 filings

Deviation from the deadline

2025

not filed

2024

90 days late

2023

7 days late

2022

102 days late

2021

52 days late

2020

33 days early

2019

39 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 43 days after the deadline; the sector median (NACE 95) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Result fell in 2024different schema filed ▼ 93.5% View
Caution: Among the weakest 20% on solvencysector median 33.2% · 575 companies 8.5% View
Positive: 7 profitable years in a rowprofit 2024: €17,215 7 years View

Documents

Key facts about MUSTANG & CO

What is the company number of MUSTANG & CO?: 0807.655.058. In Belgium the VAT number is the company number with BE in front: BE 0807.655.058.
Where is MUSTANG & CO based?: The registered office is at Handelslaan(P.E) 15, 7850 Enghien.Company details
What does MUSTANG & CO do?: According to the KBO register, the main activity is general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311).
What is the legal form of MUSTANG & CO?: Private limited company (BV).
When was MUSTANG & CO founded?: On 07-11-2008.
Is MUSTANG & CO still active?: Yes, MUSTANG & CO is an active enterprise in the KBO register.
How many employees does MUSTANG & CO have?: On average 2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of MUSTANG & CO?: ≈ €1.5m in financial year 2024. Estimated from the gross margin of €397,789: probably between €1.1m and €2.0m, based on 35 comparable companies, NACE 953.
Is MUSTANG & CO profitable?: In financial year 2024, MUSTANG & CO made a profit of €17,215.
Where can I find the annual accounts of MUSTANG & CO?: MUSTANG & CO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)