MUTA
ActiveSummary
MUTA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4,721 and a net result of €7,545. Equity is growing by ~52.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+57
Solvency27▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 1.57 against 1.73 in 2023; short-term debt: 59% and cash: 0.3% of total assets), but 98.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.6%
Return on assets
2.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 540 sector peers (2024).
NBB · sector comparisonPosition among 540 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-01-2026, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
183 d late
2023
159 d late
2022
229 d late
2021
58 d late
2020
131 d late
2019
264 d 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 171 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€4,721
2023 · -€2,825
Total assets
€299,107▲ 27.8%
2023 · €234,132
Net result
€7,545
2023 · -€36,037
Working capital
€101,395▲ 16.9%
2023 · €86,772
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€42,460▲ 119%€87,522▲ 106%€3,872▼ 95.6%€10,376▲ 168%€7,565▼ 27.1%
Net result€37,936above the sector's middle half▲ 242%€82,446above the sector's middle half▲ 117%-€661within the sector's middle half-€36,037below the sector's middle half▼ 5,349%€7,545within the sector's middle half
Equity-€45,572below the sector's middle half▲ 45.4%€33,874within the sector's middle half€33,213within the sector's middle half▼ 2.0%-€2,825below the sector's middle half€4,721below the sector's middle half
Total assets€110,145within the sector's middle half▲ 2.1%€194,252within the sector's middle half▲ 76.4%€160,405within the sector's middle half▼ 17.4%€234,132within the sector's middle half▲ 46.0%€299,107within the sector's middle half▲ 27.8%
Debt€155,716▼ 18.6%€160,378▲ 3.0%€127,192▼ 20.7%€236,957▲ 86.3%€294,387▲ 24.2%
Working capital€42,372within the sector's middle half▲ 2,548%€134,687above the sector's middle half▲ 218%€2,188within the sector's middle half▼ 98.4%€86,772above the sector's middle half▲ 3,865%€101,395above the sector's middle half▲ 16.9%
Solvency-41.4%below the sector's middle half▲ 36.0pp17.4%within the sector's middle half▲ 58.8pp20.7%within the sector's middle half▲ 3.3pp-1.2%below the sector's middle half▼ 21.9pp1.6%below the sector's middle half▲ 2.8pp
Current ratio1.64within the sector's middle half▲ 0.633.29above the sector's middle half▲ 1.651.02within the sector's middle half▼ 2.281.73within the sector's middle half▲ 0.711.57within the sector's middle half▼ 0.15
Return on assets (ROA)34.4%above the sector's middle half▲ 24.2pp42.4%above the sector's middle half▲ 8.0pp-0.4%within the sector's middle half▼ 42.9pp-15.4%below the sector's middle half▼ 15.0pp2.5%within the sector's middle half▲ 17.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299,107
Fixed assets
€21,106 ▼ 25.1%
Current assets
€278,001 ▲ 35.0%
Equity and liabilities €299,107
Equity
€4,721
Debt
€294,387
Debt finances 98.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€14,639▼
2023 · €17,450
Cash flow
€14,619▲
2023 · -€28,963
Quick ratio
1.54▼
2023 · 1.68
Debt to equity
62.36▲
2023 · -83.89
ROE
159.8%
Interest coverage
745.75▲
2023 · 1.83
Debt ≤ 1 year
€176,606▲
2023 · €119,177
Debt > 1 year
€111,265=
2023 · €111,265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,082 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
2.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €18,857 | €56,140 | €43,530 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,638 | €846 | €865 | €7,074 | €7,074 | = |
| Other operating charges640/8 | - | €3,242 | €748 | €3,339 | €180 | ▼ 94.6% |
| Gross operating margin9900 | €77,165 | €110,467 | €61,626 | €64,318 | €14,819 | ▼ 77.0% |
| Operating profit (loss)9901 | €42,460 | €87,522 | €3,872 | €10,376 | €7,565 | ▼ 27.1% |
| Financial income75/76B | - | €39 | €14 | €37 | - | - |
| Recurring financial income75 | €1 | €39 | €14 | €37 | - | - |
| Financial charges65/66B | - | €209 | €4,547 | €9,530 | €20 | ▼ 99.8% |
| Recurring financial charges65 | €4,525 | €209 | €4,547 | €9,530 | €20 | ▼ 99.8% |
| Profit (loss) for the period before taxes9903 | €37,936 | €87,352 | -€661 | €883 | €7,545 | ▲ 754% |
| Income taxes67/77 | - | €4,906 | - | €36,920 | - | - |
| Profit (loss) for the period9904 | €37,936 | €82,446 | -€661 | -€36,037 | €7,545 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €37,936 | €82,446 | -€661 | -€36,037 | €7,545 | ▲ 121% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,145 | €194,252 | €160,405 | €234,132 | €299,107 | ▲ 27.8% |
| Fixed assets21/28 | €1,716 | €870 | €35,257 | €28,183 | €21,106 | ▼ 25.1% |
| Tangible fixed assets22/27 | €1,716 | €870 | €35,257 | €28,183 | €21,106 | ▼ 25.1% |
| Plant, machinery and equipment23 | - | €870 | €24 | - | - | - |
| Furniture and vehicles24 | - | - | €35,234 | €28,183 | €21,106 | ▼ 25.1% |
| Current assets29/58 | €108,429 | €193,383 | €125,147 | €205,949 | €278,001 | ▲ 35.0% |
| Stocks and contracts in progress3 | €14,307 | €12,128 | €13,046 | €5,325 | €5,325 | = |
| Stocks30/36 | - | €12,128 | €13,046 | €5,325 | €5,325 | = |
| Amounts receivable within one year40/41 | €56,017 | €173,109 | €108,799 | €199,665 | €271,714 | ▲ 36.1% |
| Trade receivables40 | - | €171,842 | €107,531 | €198,397 | €264,972 | ▲ 33.6% |
| Other amounts receivable41 | - | €1,268 | €1,268 | €1,268 | €6,741 | ▲ 432% |
| Cash at bank and in hand54/58 | €19,470 | €8,145 | €3,303 | €959 | €962 | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,145 | €194,252 | €160,405 | €234,132 | €299,107 | ▲ 27.8% |
| Equity10/15 | -€45,572 | €33,874 | €33,213 | -€2,825 | €4,721 | ▲ 267% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €22,000 | ▲ 10.0% |
| Capital10 | - | €20,000 | €20,000 | - | - | - |
| Issued capital100 | - | €20,000 | €20,000 | - | - | - |
| Reserves13 | €2,000 | €13,874 | €13,213 | €13,213 | €11,213 | ▼ 15.1% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Legal reserve130 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | €11,874 | €11,213 | €13,213 | €11,213 | ▼ 15.1% |
| Profit (loss) carried forward14 | -€67,572 | - | - | -€36,037 | -€28,492 | ▲ 20.9% |
| Amounts payable17/49 | €155,716 | €160,378 | €127,192 | €236,957 | €294,387 | ▲ 24.2% |
| Amounts payable after more than one year17 | €89,659 | €101,683 | €4,233 | €111,265 | €111,265 | = |
| Financial debts170/4 | - | €101,683 | €4,233 | €111,265 | €111,265 | = |
| Amounts payable within one year42/48 | €66,057 | €58,695 | €122,959 | €119,177 | €176,606 | ▲ 48.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,814 | €2,814 | = |
| Trade debts44 | €30,800 | €25,781 | €50,165 | €39,645 | €69,321 | ▲ 74.9% |
| Suppliers440/4 | - | €25,781 | €50,165 | €39,645 | €69,321 | ▲ 74.9% |
| Advances received on contracts in progress46 | - | - | €600 | €8,983 | €8,983 | = |
| Taxes, remuneration and social security45 | - | €29,803 | €67,321 | €30,187 | €35,909 | ▲ 19.0% |
| Taxes450/3 | - | €19,926 | €16,611 | €1,471 | €7,192 | ▲ 389% |
| Remuneration and social security454/9 | - | €9,876 | €50,710 | €28,716 | €28,716 | = |
| Other amounts payable47/48 | - | €3,111 | €4,873 | €37,547 | €59,579 | ▲ 58.7% |
| Accrued charges and deferred income492/3 | - | - | - | €6,515 | €6,515 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,936 | €82,446 | -€661 | -€36,037 | €7,545 | ▲ 121% |
| + Depreciation and write-downs630 | €1,638 | €846 | €865 | €7,074 | €7,074 | = |
| Operating cash flow (approximation) | €39,574 | €83,292 | €204 | -€28,963 | €14,619 | ▲ 150% |
| Investment in fixed assets (approximation) | - | €0 | -€35,253 | €0 | €3 | - |
| Change in cash | - | -€11,324 | -€4,843 | -€2,343 | €3 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 183 days late
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 159 days late
2024
31-12
Financial
Back to profitnet €7,545
Net result €7,545 after 2 loss-making years.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 229 days late
2023
31-12
Financial
Weakest financial yearnet -€36,037
Net result drops to -€36,037, the lowest in the series; recovery starts the following year.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Highest result since 2018net €82,446 ▲117%
Operating result €87,522, net result €82,446, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.29
Current ratio from 1.64 to 3.29; short-term debt falls from €66,057 to €58,695.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 264 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 616 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Scherpenheuvel-Zichem · 1 establishment unit since 2006
Ground area
1.2 ha
Building footprint
12 m²
Volume, LiDAR
26 m³
Parcel 24098B0038/00L002, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MUTA
since 20062.151.909.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098B0038/00L002indicative | Flanders | 1.2 ha | 1 · 12 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,501 companies in sector 31004 we hold annual accounts for 626. 144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43320Joinery installation
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
82300Organisation of conventions and trade shows
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874277628
Also
9925:BE0874277628
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.