MUTAT
ActiveMUTAT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-98k) and a net result of €-4k. Equity is shrinking by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 1300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+32
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.03 in 2024; short-term debt: 299.7% and cash: 0.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-199.7%
Return on assets
-8.7%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-98k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
70 d early
2023
6 d early
2022
13 d early
2021
24 d early
2020
26 d early
2019
1 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-98k▼ 4.6%
2024 · €-94k
2018: €21k
2019: €-6k
2020: €-23k
2021: €-43k
2022: €-56k
2023: €-87k
2024: €-94k
2018 → 2025
Total assets
€49k▼ 20.4%
2024 · €62k
2018: €37k
2019: €58k
2020: €59k
2021: €68k
2022: €71k
2023: €70k
2024: €62k
2018 → 2025
Net result
€-4k▲ 40.9%
2024 · €-7k
2018: €-13k
2019: €-27k
2020: €-17k
2021: €-21k
2022: €-12k
2023: €-31k
2024: €-7k
2018 → 2025
Working capital
€-145k▲ 3.5%
2024 · €-151k
2018: €-5k
2019: €-50k
2020: €-79k
2021: €-108k
2022: €-123k
2023: €-150k
2024: €-151k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-43k-€-56k▼ 27.8%€-87k▼ 56.0%€-94k▼ 8.4%€-98k▼ 4.6%
Operating result€-20k-€-9k▲ 56.5%€-26k▼ 187%€-3k▲ 87.5%€-3k▲ 16.2%
Net result€-21k-€-12k▲ 41.4%€-31k▼ 157%€-7k▲ 76.6%€-4k▲ 40.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€47k▼ 16.8%
Current assets
€2k▼ 60.2%
Key figures and ratios
EBITDA
€9k▲
2024 · €8k
Cash flow
€7k▲
2024 · €4k
Solvency
-199.7%▼
2024 · -152.1%
Current ratio
0.01▼
2024 · 0.03
Quick ratio
0.01▼
2024 · 0.03
Debt / equity
-1.50▲
2024 · -1.66
ROA
-8.7%▲
2024 · -11.8%
Interest coverage
5.42▲
2024 · 1.98
Debt
€147k▼
2024 · €156k
Debt ≤ 1 year
€147k▼
2024 · €156k
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€62k€49k▼
Fixed assets21/28€57k€47k▼
Tangible fixed assets22/27€57k€47k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€53k€44k▼
Current assets29/58€5k€2k▼
Amounts receivable within one year40/41€1k€1k▼
Trade receivables40€1k€1k▼
Other amounts receivable41€5€216▲
Cash at bank and in hand54/58€3k€89▼
Deferred charges and accrued income490/1€693€663▼
Equity and liabilities
Total equity and liabilities10/49€62k€49k▼
Equity10/15€-94k€-98k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-114k€-119k▼
Amounts payable17/49€156k€147k▼
Amounts payable within one year42/48€156k€147k▼
Financial debts43€13€271▲
Credit institutions430/8€13€271▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Advances received on contracts in progress46€2k€1k▼
Taxes, remuneration and social security45€180-
Taxes450/3€180-
Other amounts payable47/48€151k€144k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€624€698▲
Gross operating margin9900€9k€9k▲
Operating profit (loss)9901€-3k€-3k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-7k€-4k▲
Profit (loss) for the period9904€-7k€-4k▲
Profit (loss) for the period to be appropriated9905€-7k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-114k€-119k▼
Profit (loss) brought forward from the previous period14P€-107k€-114k▼
The notes to these accounts (5 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Florenville · 1 establishment unit since 2006
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.
Rue de Martué,Lacuisine 166821 FlorenvilleGround area
581 m²
Building footprint
156 m²
Volume, LiDAR
1,221 m³
Parcel 85020C0303/00F000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MUTATION
since 20062.151.867.596
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85020C0303/00F000 | Wallonia | 581 m² | 1 · 156 m² | 11.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteFlorenville2.151.867.596
Similar companies · same sector, comparable size
KO KOTTAGE
BE 0667.921.412
Waterloo · Eq €21k
HEALTHY HOMES
BE 0772.558.379
Heusden-Zolder · Eq €21k
OCEAN ZERO
BE 0698.736.332
Pont-à-Celles · Eq €22k
MOSAREVES
BE 0811.875.152
Liège · Eq €22k
DEMI +
BE 1007.670.939
Liège · Eq €20k
Of 732 companies in sector 55209 we hold annual accounts for 208. 122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2006
Fiscal year end31-12
Activities, NACEBEL
55209Other holiday and short-stay accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.