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MUTOH EUROPE

Active
Public limited companyfounded 1990active for 36 yearsArchimedesstraat 13, 8400 Oostende, BelgiumKBO/BCE: BE 0441.745.423
Summary

MUTOH EUROPE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €17.4m and a net result of -€1.6m. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 84% of 316 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Wholesale of information and communication equipment
NACE 46500Manufacture of computer, electronic and optical products NACE 26200
Largest company by equity in Ostend, Wholesale and retail trade sector1 site
Size
€16.9mturnover 2026
Staff
27.1 FTE
Equity
€17.4m
Loss
-€1.6m
Financial health
85 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Mutoh Holdings C° Ltd.
Board
4 members
Holdings
1
Accounts 115 days early2 of 23 deeds read
Why 85raises riskLoss of €1.6m (financial year 2026)Liquidity: current ratio 3.10, cash €268,645, halvedlowers riskFounded in 1990Equity €17.4m (80.1% of total assets)Show the evidence

Checked score

Score 2026
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 46, small)
Financial strength · tick = 2025
Average
Solvency 100=
equity 80.1% of total assets
Liquidity 46-3
short-term debt 18.1% · cash 1.2%
Profitability 6-59
return on assets -7.4%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,375 companies, NACE 46, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 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: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.1, compared with 3.39 in 2025, above the usual 1.5; short-term debt: 18.1% and cash: 1.2% of total assets), and 19.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 92% on solvency, 55% on liquidity, 5% on profitability and 22% on growth.

The bankruptcy probability was computed on 22-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €1.6m (financial year 2026)
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 3.10, cash €268,645, halved
NBB · annual accounts
lowers risk · Equity €17.4m (80.1% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 08-07-2026, 115 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
115 days early
2025
112 days early
2024
112 days early
2023
110 days early
2022
137 days early
2021
115 days early
2020
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 106 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Yasuhiko Isobe (director) and Akihisa…Appointments: Ikuya Atsuchi, Shoji Midorikawa…
  2. Annual accounts filedfinancial year 2026 · full…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: From profit to loss in 2026after €1.1m in 2025 -€1.6m View
  • Caution: Among the weakest 5% on net resultsector median €158,602 · 309 companies -€1.6m View
  • Board changedlatest change 26-06-2026 · 4 in office 3 joined · 2 left View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Controlled by Mutoh Holdings C° Ltd.the company in turn controls 1 companies parent View

By topic

Financials

Financial year
2026
Turnover
€16.9m
Loss
-€1.6m
Solvency
80.1%
Turnover▼ 6.6%
Net result
20192026
Go to Financials

Board & ownership

Board
4 members
Parent
Mutoh Holdings C° Ltd.
  • Stephan HeintjensDirector
  • Ikuya AtsuchiManaging director
  • Kazunari ChikanawaDirector
  • Shoji MidorikawaDirector
Go to Board & ownership

Timeline

Events
40
Since
1993
Next accounts
by 31-10-2027
  1. 31-03-2025Back to profit
  2. 05-08-2024Resignations: Erwin Baert (director) and Mitsuo Takatsu…
  3. 11-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of information and communication equipmentNACE 46500
Founded
28-09-1990
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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