MUTA
ActiveSummary
The computed 12-month bankruptcy probability of MUTA is 6.0% (elevated). The 2024 annual accounts show equity of €4,721 and a net result of €7,545. Equity has been growing by about 52% per year since 2018. Its solvency ranks better than 20% of 527 sector peers (NACE 31, financial year 2024). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-06-2005 Normal situation
- Activity
- Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 5 others
- Establishment unit
- 2.151.909.366 3270 Scherpenheuvel-Zichem, since 24-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 6.0%
- Gross margin
- €14,819
- ▼ 77.0%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €7,545
- Equity
- €4,721
- Total assets
- €299,107
- ▲ 27.8%
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 183 days late; 3 of the last 3 accounts lateLiquidity: current ratio 1.57, cash €962Figures for financial year 2024 (filed on 02-02-2026)lowers riskFounded in 2005Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 31, micro). It does better than 18% of them on solvency, 15% on liquidity, 57% on profitability and 98% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 171 days after the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 30-01-2026 PDF all 19 filings
Every figure per financial year
The operating result for 2024 is 27% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | - | €35,253 | - | - |
| Depreciation and write-downs of the year | €846 | €865 | €7,074 | €7,074 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 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 | €3,461 | €3,058 | €1,638 | €846 | €865 | €7,074 | €7,074 | = |
| Other operating charges640/8 | - | - | - | €3,242 | €748 | €3,339 | €180 | ▼ 94.6% |
| Gross operating margin9900 | €47,073 | €65,482 | €77,165 | €110,467 | €61,626 | €64,318 | €14,819 | ▼ 77.0% |
| Operating profit (loss)9901 | €2,184 | €19,357 | €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 | €1,261 | €8,263 | €4,525 | €209 | €4,547 | €9,530 | €20 | ▼ 99.8% |
| Profit (loss) for the period before taxes9903 | €923 | €11,094 | €37,936 | €87,352 | -€661 | €883 | €7,545 | ▲ 754% |
| Income taxes67/77 | - | - | - | €4,906 | - | €36,920 | - | - |
| Profit (loss) for the period9904 | €923 | €11,094 | €37,936 | €82,446 | -€661 | -€36,037 | €7,545 | - |
| Profit (loss) for the period to be appropriated9905 | €923 | €11,094 | €37,936 | €82,446 | -€661 | -€36,037 | €7,545 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €116,856 | €107,876 | €110,145 | €194,252 | €160,405 | €234,132 | €299,107 | ▲ 27.8% |
| Formation expenses20 | €3,952 | €3,354 | - | - | - | - | - | - |
| Fixed assets21/28 | €3,592 | €3,354 | €1,716 | €870 | €35,257 | €28,183 | €21,106 | ▼ 25.1% |
| Tangible fixed assets22/27 | €3,592 | €3,354 | €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 | €109,312 | €101,168 | €108,429 | €193,383 | €125,147 | €205,949 | €278,001 | ▲ 35.0% |
| Stocks and contracts in progress3 | €15,968 | €10,932 | €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 | €61,045 | €44,890 | €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 | €32,299 | €22,324 | €19,470 | €8,145 | €3,303 | €959 | €962 | ▲ 0.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €116,856 | €107,876 | €110,145 | €194,252 | €160,405 | €234,132 | €299,107 | ▲ 27.8% |
| Equity10/15 | -€94,601 | -€83,507 | -€45,572 | €33,874 | €33,213 | -€2,825 | €4,721 | - |
| Contributions10/11 | €20,000 | €20,000 | €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 | €2,000 | €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 | -€116,601 | -€105,507 | -€67,572 | - | - | -€36,037 | -€28,492 | ▲ 20.9% |
| Amounts payable17/49 | €211,457 | €191,383 | €155,716 | €160,378 | €127,192 | €236,957 | €294,387 | ▲ 24.2% |
| Amounts payable after more than one year17 | €96,459 | €78,475 | €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 | €112,602 | €99,568 | €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 | €94,115 | €76,070 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €923 | €11,094 | €37,936 | €82,446 | -€661 | -€36,037 | €7,545 | - |
| + Depreciation and write-downs630 | €3,461 | €3,058 | €1,638 | €846 | €865 | €7,074 | €7,074 | = |
| Operating cash flow (approximation) | €4,384 | €14,152 | €39,574 | €83,292 | €204 | -€28,963 | €14,619 | - |
| Investment in fixed assets (approximation) | - | -€2,820 | €0 | €0 | -€35,253 | €0 | €3 | - |
| Change in cash | - | -€9,975 | -€2,854 | -€11,324 | -€4,843 | -€2,343 | €3 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,083 companies had the same profile as MUTA has now. Two years later, 96.8% were still going and 0.8% had gone bankrupt.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MUTA itself is higher: 6.0% within 12 months. It rests on far more data about MUTA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for MUTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-01-2026 | 2026-00026651 | |
| 31-12-2023 | micro format | 06-01-2025 | 2025-00003348 | |
| 31-12-2022 | micro format | 16-03-2024 | 2024-00044949 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20438699 | |
| 31-12-2020 | micro format | 09-12-2021 | 2021-79900596 | |
| 31-12-2019 | micro format | 21-04-2021 | 2021-11000049 | |
| 31-12-2018 | micro format | 07-04-2021 | 2021-09900424 | |
| 31-12-2017 | micro format | 26-08-2018 | 2018-51000455 | |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-37100214 | |
| 31-12-2015 | abbreviated format | 27-07-2016 | 2016-39200316 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 22-05-2024 Converted to unavailable equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn door algemene vergadering van aandeelhouders, 1”
Articles of association, deed of 22-05-2024 (in Dutch)
Network & group
MUTA shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MUTA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-05
Gazette deed
Legal-form change · Resignations & appointmentsCapital conversion · Director in office · Purpose change10 points ▸
- General meeting, 13-05-2024
- Other provision, 01-01-2020, “vaststelling WVV-statuut sinds 2020-01-01” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director in office, Geens Kristof (director)
- Other provision, “verslag bestuurder over voorstel uitbreiding voorwerp, verslag opgenomen in agenda” (deed in Dutch)
- Purpose change
- Reserve release, “middelen beschikbaar voor toekomstige uitkeringen, opheffing” (deed in Dutch)
- Other provision, “geen uitkeringsbesluit, besluit houdt geen besluit tot uitkering uit het eigen vermogen in” (deed in Dutch)
- Amendment of the articles
- Registered office clause, “3270 Scherpenheuvel,Mannenberg 215, algemene vergadering” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
10 activities
- De groothandel en kleinhandel in meubelen
- Het plaatsen,herstellen en onderhouden van meubelen
- Het ontwerpen en inrichten van bureelruimten en woonruimten
- Het verkopen en ontwikkelen van standen voor bedrijven ten behoeve van handelsbeurzen en andere beurzen
- Algemene schrijnwerkerij
- Interieur inrichting
- Vervaardigen en plaatsen van maatkasten en keukens
- Plaatsen van badkamers
- Goederenvervoer
- Grondwerken
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0874.277.628