Equity
€2.4m ▲ 1.3%
MUTEC has made a profit without a break since 2014.
MUTEC
Lifetime
16 annual accounts with figures on one time axispeak €17.9m (2022)
€13.4m▼ 10.8%
lowest -€211,718 (2013)
€29,800▼ 83.8%
peak €3.6m (2022)
€2.4m▲ 1.3%
€3.6m▼ 7.2%
peak 32.3 FTE (2020)
31.2 FTE▲ 3.0%
Board11 names since 2019
5 directorsDEROOSE PROJECTS and 4 others
Owners3 names in the annual accounts
100%WILLY NAESSENS BUILD and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Result from €184,247 to €29,8001 director appointed, 1 statutory auditor appointed, 1 resign… 27-08Investments €266,491Cash from €551,363 to €782,376
Key points
from the 2025 annual accountsResult
€29,800 ▼ 83.8%
The result fell in 2025 from €184,247 to €29,800.
Investments
€266,491 2.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 80.3% higher than in 2024.
Staff
30 employees on 31-12-2025
In 2025, 8 people joined and 6 left. On top of that, 8.7 agency workers worked there on average.
Filings
16 annual accounts since 2010
The 2020 accounts came 76 days late. The other nine of the last ten were filed on time.
Position in the sector
€2.4m
More equity than 81% of companies in specialised construction. Sector median €459,014 · 2,463 companies.
Checked score
84
Excellent
Financially stronger than 39% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 15-07-2026)
Liquidity: current ratio 1.90, cash €782,376
Founded in 2009
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 43, small). It does better than 52% of them on solvency, 45% on liquidity, 26% on profitability and 31% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as MUTEC has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of MUTEC itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,049 companies, not a prediction for MUTEC. 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.
Credit verdict
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.9 (1.77 in 2024), above the usual 1.5. Short-term debt is 49% and cash 13.1% of total assets. However, 60.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
37 days early
2023
7 days early
2022
14 days early
2021
20 days early
2020
76 days late
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
NS
NAESSENS SEM
Director, since 11-12-2023
NV
NAESSENS VEERLE
Director, since 11-12-2023
IB
Ingelbeen BV
Director, Dennis Ingelbeen, since 21-06-2025
- WILLY NAESSENS BUILD 100%equity €248.4m (2025) · 2025 annual accounts of WILLY NAESSENS BUILD
Recent changes
Registered office moved to Waregem
New registered office: Eugène Bekaertlaan 65, 8790 Waregem · General meeting of 04-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0810416291
1 director appointed, 1 statutory auditor appointed, 1 resignation
Resignation: NV Koutermolen (director) · Appointments: BV INGELBEEN (director) and BV A&C - Bedrijfsrevisor (statutory auditor) · Permanent representatives: Dennis Ingelbeen and Bert De Clercq · General meeting of 21-06-2025 · Gazette deed
Capital conversion · Amendment of the articles · Legal-form change
120 shares · General meeting of 28-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MUTEC Waregem | €13.4m | 0.7% | 39.7% | 31.2 |
| TECTUM ROOFCOMFORT Genk | €14.1m | 5.0% | 54.0% | 31.4 |
| TROIANI & FILS Châtelet | €11.3m | 5.4% | 48.3% | 27 |
| ROTEAM Zaventem | €20.7m | 25.4% | 49.8% | 15.7 |
| TDK CONSTRUCT Deerlijk | - | - | 52.9% | 25.2 |
| POLYDAK Lommel | €23.9m | 3.5% | 30.2% | 38.7 |
| VAN SEVEREN Aalter | €27.8m | 7.7% | 55.6% | 52.9 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MUTEC: roofing work (NACE 43410). They are comparable in size and age: total assets between €6.2m and €11m, founded between 1980 and 2010.
Official details
Source: KBO- Status
- Active since 13-03-2009Normal situation
- Activity
- Roofing workNACE 43410and 4 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.177.115.7088790 Waregem, since 11-03-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- €6.0m▼ 4.0%
- Employeeson 31-12-2025
- 30▲ 7.1%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Companies linked to MUTEC
Parent and group
Insights on MUTEC
MUTEC has existed since 2009. Turnover grew from €6.8m in 2013 to €13.4m in 2025 and staff from 8 to 31.2 full-time equivalents.
Turnover has fallen every year since 2022.
WILLY NAESSENS BUILD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MUTEC
- What is the company number of MUTEC?
- The company number of MUTEC is 0810.416.291. The VAT number is the same number with BE in front: BE 0810.416.291.
- Where is MUTEC based?
- The registered office is at Eugène Bekaertlaan 65, 8790 Waregem.Company details
- What does MUTEC do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of MUTEC?
- MUTEC is a private limited company (BV).
- When was MUTEC founded?
- MUTEC was founded on 13-03-2009.
- Is MUTEC still active?
- Yes, MUTEC is an active enterprise in the KBO register.
- How many employees does MUTEC have?
- MUTEC had an average of 31.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MUTEC fall under?
- In its 2025 annual accounts, MUTEC states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of MUTEC?
- The turnover of MUTEC was €13.4m in financial year 2025, according to the filed annual accounts.
- Is MUTEC profitable?
- In financial year 2025, MUTEC made a profit of €29,800.
- Where can I find the annual accounts of MUTEC?
- MUTEC filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MUTEC due?
- MUTEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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