MUSTI
ActiveMUSTI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337k and a net result of €31k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 90% of 159 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-17
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 7.15 against 6.73 in 2024; short-term debt: 14% and cash: 0% of total assets), and 14% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86%
Return on assets
7.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Sector 14
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
41 d early
2023
33 d early
2022
35 d early
2021
44 d early
2020
38 d early
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€337k▲ 10.2%
2024 · €306k
2018: €112k
2019: €128k
2020: €153k
2021: €173k
2022: €212k
2023: €253k
2024: €306k
2018 → 2025
Total assets
€392k▲ 6.4%
2024 · €368k
2018: €154k
2019: €177k
2020: €191k
2021: €214k
2022: €254k
2023: €291k
2024: €368k
2018 → 2025
Net result
€31k▼ 41.5%
2024 · €53k
2018: €33k
2019: €16k
2020: €25k
2021: €20k
2022: €39k
2023: €41k
2024: €53k
2018 → 2025
Working capital
€337k▲ 7.5%
2024 · €314k
2018: €112k
2019: €151k
2020: €169k
2021: €181k
2022: €212k
2023: €253k
2024: €314k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€212k▲ 22.8%€253k▲ 19.3%€306k▲ 21.0%€337k▲ 10.2%
Operating result€30k-€44k▲ 47.0%€43k▼ 3.9%€65k▲ 52.7%€30k▼ 53.6%
Net result€20k-€39k▲ 97.6%€41k▲ 4.2%€53k▲ 29.9%€31k▼ 41.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €392k
Equity
€337k▲ 10.2%
Debt
€55k▼ 12.1%
The debt ratio falls from 16.9% to 14.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
86.0%▲
2024 · 83.1%
Current ratio
7.15▲
2024 · 6.73
Quick ratio
7.14▲
2024 · 6.72
Debt / equity
0.16▼
2024 · 0.20
ROE
9.2%▼
2024 · 17.4%
ROA
7.9%▼
2024 · 14.4%
Debt
€55k▼
2024 · €62k
Debt ≤ 1 year
€55k▲
2024 · €55k
Income taxes
€13k▼
2024 · €21k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€368k€392k▲
Current assets29/58€368k€392k▲
Stocks and contracts in progress3€619€619=
Stocks30/36€619€619=
Amounts receivable within one year40/41€368k€391k▲
Trade receivables40€18k€9k▼
Other amounts receivable41€350k€382k▲
Cash at bank and in hand54/58€0€6▲
Equity and liabilities
Total equity and liabilities10/49€368k€392k▲
Equity10/15€306k€337k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€285k€317k▲
Amounts payable17/49€62k€55k▼
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€55k€55k▲
Current portion of amounts payable after more than one year42€9k€8k▼
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€41k€37k▼
Taxes450/3€41k€37k▼
Income statement
Code20242025
Other operating charges640/8€2k€1k▼
Gross operating margin9900€67k€31k▼
Operating profit (loss)9901€65k€30k▼
Financial income75/76B€19k€20k▲
Recurring financial income75€19k€20k▲
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€74k€44k▼
Income taxes67/77€21k€13k▼
Profit (loss) for the period9904€53k€31k▼
Profit (loss) for the period to be appropriated9905€53k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€285k€317k▲
Profit (loss) brought forward from the previous period14P€232k€285k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €53k ▲29.9%
Operating result €65k, net result €53k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €212k ▲22.8%
5 profitable years in a row build equity to €212k.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €153k ▲19.3%
3 profitable years in a row build equity to €153k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €16k ▼53.1%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2013
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.
Daniël Baginierlaan 382660 AntwerpenGround area
183 m²
Building footprint
68 m²
Volume, LiDAR
508 m³
Parcel 11382C0125/00G004, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MUSTI
since 20132.220.159.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0125/00G004 | Flanders | 183 m² | 1 · 68 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Tod-B Tailoring
BE 0607.958.584
Herentals · Eq €344k
FRANTEXAN
BE 0437.836.224
Haaltert · Eq €344k
INGE BOGAERT
BE 0412.752.618
Wielsbeke · Eq €350k
GYMP
BE 0447.149.808
Waregem · Eq €316k
S.B.F.
BE 0449.251.045
Anderlecht · Eq €362k
Of 1,093 companies in sector 14210 we hold annual accounts for 212. 142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2003
Fiscal year end31-12
Activities, NACEBEL
14130Manufacture of wearing apparel
14210Manufacture of outerwear
18221
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.