MUTUS LIBER
ActiveSummary
MUTUS LIBER has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.99M and a net result of €-380k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▲+1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 3.89 in 2024; short-term debt: 0.6% and cash: 0.9% of total assets), and 25.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.6%
Return on assets
-4.1%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-380k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
88 d early
2023
86 d early
2022
83 d early
2021
42 d early
2020
76 d early
2019
71 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6.99M▼ 5.2%
2024 · €7.37M
2019: €9.25Mhighest in 7 years
2020: €8.87M▼ -4.1% vs 2019
2021: €8.46M▼ -4.7% vs 2020
2022: €7.93M▼ -6.2% vs 2021
2023: €7.75M▼ -2.3% vs 2022
2024: €7.37M▼ -4.9% vs 2023
2025: €6.99M▼ -5.2% vs 2024lowest in 7 years
2019 → 2025
Total assets
€9.36M▲ 17.8%
2024 · €7.95M
2019: €9.41Mhighest in 7 years
2020: €9.25M▼ -1.8% vs 2019
2021: €8.96M▼ -3.1% vs 2020
2022: €8.63M▼ -3.7% vs 2021
2023: €8.22M▼ -4.8% vs 2022
2024: €7.95M▼ -3.3% vs 2023lowest in 7 years
2025: €9.36M▲ +17.8% vs 2024
2019 → 2025
Net result
€-380k▲ 0.5%
2024 · €-382k
2019: €-431k
2020: €-460k▼ -6.9% vs 2019
2021: €-413k▲ +10.3% vs 2020
2022: €-527k▼ -27.7% vs 2021lowest in 7 years
2023: €-182k▲ +65.4% vs 2022highest in 7 years
2024: €-382k▼ -109% vs 2023
2025: €-380k▲ +0.5% vs 2024
2019 → 2025
Working capital
€131k▼ 0.8%
2024 · €132k
2019: €42k
2020: €-245k▼ -682% vs 2019
2021: €-334k▼ -36.2% vs 2020lowest in 7 years
2022: €122k▲ +137% vs 2021
2023: €57k▼ -53.0% vs 2022
2024: €132k▲ +130% vs 2023highest in 7 years
2025: €131k▼ -0.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.46M-€7.93M▼ 6.2%€7.75M▼ 2.3%€7.37M▼ 4.9%€6.99M▼ 5.2%
2021: €8.46Mhighest in 5 years
2022: €7.93M▼ -6.2% vs 2021
2023: €7.75M▼ -2.3% vs 2022
2024: €7.37M▼ -4.9% vs 2023
2025: €6.99M▼ -5.2% vs 2024lowest in 5 years
Operating result€-412k-€-525k▼ 27.3%€-444k▲ 15.4%€-393k▲ 11.5%€-379k▲ 3.5%
2021: €-412k
2022: €-525k▼ -27.3% vs 2021lowest in 5 years
2023: €-444k▲ +15.4% vs 2022
2024: €-393k▲ +11.5% vs 2023
2025: €-379k▲ +3.5% vs 2024highest in 5 years
Net result€-413k-€-527k▼ 27.7%€-182k▲ 65.4%€-382k▼ 109%€-380k▲ 0.5%
2021: €-413k
2022: €-527k▼ -27.7% vs 2021lowest in 5 years
2023: €-182k▲ +65.4% vs 2022highest in 5 years
2024: €-382k▼ -109% vs 2023
2025: €-380k▲ +0.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €379k in 2025 against €393k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.36M
Fixed assets
€9.18M ▲ 18.1%
Current assets
€183k ▲ 3.3%
Equity and liabilities €9.36M
Equity
€6.99M ▼ 5.2%
Debt
€2.37M ▲ 307%
Debt's share of the balance-sheet total rises from 7.3% to 25.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-17k
Cash flow
€-3k▲
2024 · €-6k
Current ratio
3.49▼
2024 · 3.89
Quick ratio
2.85▼
2024 · 3.15
Debt to equity
0.34▲
2024 · 0.08
ROE
-5.4%▼
2024 · -5.2%
ROA
-4.1%▲
2024 · -4.8%
Interest coverage
-3.76▲
2024 · -8.58
Debt ≤ 1 year
€53k▲
2024 · €46k
Debt > 1 year
€2.31M▲
2024 · €529k
Staff costs
€42k▼
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.95M€9.36M▲
Fixed assets21/28€7.77M€9.18M▲
Tangible fixed assets22/27€7.77M€9.18M▲
Land and buildings22€7.77M€9.17M▲
Plant, machinery and equipment23€6k€3k▼
Current assets29/58€178k€183k▲
Stocks and contracts in progress3€34k€34k=
Stocks30/36€34k€34k=
Amounts receivable within one year40/41€77k€58k▼
Trade receivables40€70k€57k▼
Other amounts receivable41€7k€986▼
Cash at bank and in hand54/58€62k€88k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€7.95M€9.36M▲
Equity10/15€7.37M€6.99M▼
Contributions10/11€8.56M€8.56M=
Profit (loss) carried forward14€-1.19M€-1.57M▼
Amounts payable17/49€583k€2.37M▲
Amounts payable after more than one year17€529k€2.31M▲
Other amounts payable178/9€529k€2.31M▲
Amounts payable within one year42/48€46k€53k▲
Trade debts44€43k€48k▲
Suppliers440/4€43k€48k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€0-
Remuneration and social security454/9€3k€5k▲
Accrued charges and deferred income492/3€8k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€50k€42k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€376k€377k▲
Other operating charges640/8€14k€14k▲
Gross operating margin9900€47k€54k▲
Operating profit (loss)9901€-393k€-379k▲
Financial income75/76B€13k€0▼
Recurring financial income75€13k€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€2k€634▼
Recurring financial charges65€2k€634▼
Profit (loss) for the period before taxes9903€-382k€-380k▲
Profit (loss) for the period9904€-382k€-380k▲
Profit (loss) for the period to be appropriated9905€-382k€-380k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.19M€-1.57M▼
Profit (loss) brought forward from the previous period14P€-808k€-1.19M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €96k | €61k | €50k | €42k | ▼ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €369k | €374k | €375k | €376k | €377k | ▲ 0.3% |
| Other operating charges640/8 | - | €12k | €13k | €14k | €14k | ▲ 1.9% |
| Gross operating margin9900 | €24k | €-42k | €5k | €47k | €54k | ▲ 14.9% |
| Operating profit (loss)9901 | €-412k | €-525k | €-444k | €-393k | €-379k | ▲ 3.5% |
| Financial income75/76B | - | €1 | €263k | €13k | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €1 | €0 | €13k | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | €263k | €0 | - | - |
| Financial charges65/66B | - | €2k | €1k | €2k | €634 | ▼ 68.6% |
| Recurring financial charges65 | €518 | €2k | €1k | €2k | €634 | ▼ 68.6% |
| Profit (loss) for the period before taxes9903 | €-413k | €-527k | €-182k | €-382k | €-380k | ▲ 0.5% |
| Profit (loss) for the period9904 | €-413k | €-527k | €-182k | €-382k | €-380k | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €-413k | €-527k | €-182k | €-382k | €-380k | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.96M | €8.63M | €8.22M | €7.95M | €9.36M | ▲ 17.8% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €8.80M | €8.47M | €8.13M | €7.77M | €9.18M | ▲ 18.1% |
| Tangible fixed assets22/27 | €8.80M | €8.47M | €8.13M | €7.77M | €9.18M | ▲ 18.1% |
| Land and buildings22 | - | €8.46M | €8.12M | €7.77M | €9.17M | ▲ 18.1% |
| Plant, machinery and equipment23 | - | €11k | €8k | €6k | €3k | ▼ 49.5% |
| Current assets29/58 | €163k | €157k | €85k | €178k | €183k | ▲ 3.3% |
| Stocks and contracts in progress3 | €28k | €33k | €32k | €34k | €34k | = |
| Stocks30/36 | - | €33k | €32k | €34k | €34k | = |
| Amounts receivable within one year40/41 | €48k | €25k | €5k | €77k | €58k | ▼ 24.8% |
| Trade receivables40 | - | €11k | €5k | €70k | €57k | ▼ 18.9% |
| Other amounts receivable41 | - | €14k | €711 | €7k | €986 | ▼ 85.7% |
| Cash at bank and in hand54/58 | €75k | €83k | €41k | €62k | €88k | ▲ 42.9% |
| Deferred charges and accrued income490/1 | - | €15k | €7k | €5k | €4k | ▼ 28.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.96M | €8.63M | €8.22M | €7.95M | €9.36M | ▲ 17.8% |
| Equity10/15 | €8.46M | €7.93M | €7.75M | €7.37M | €6.99M | ▼ 5.2% |
| Contributions10/11 | - | €8.56M | €8.56M | €8.56M | €8.56M | = |
| Reserves13 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | €-98k | €-625k | €-808k | €-1.19M | €-1.57M | ▼ 31.9% |
| Amounts payable17/49 | €502k | €700k | €470k | €583k | €2.37M | ▲ 307% |
| Amounts payable after more than one year17 | - | €666k | €435k | €529k | €2.31M | ▲ 337% |
| Other amounts payable178/9 | - | €666k | €435k | €529k | €2.31M | ▲ 337% |
| Amounts payable within one year42/48 | €497k | €34k | €27k | €46k | €53k | ▲ 15.1% |
| Trade debts44 | €18k | €9k | €24k | €43k | €48k | ▲ 11.1% |
| Suppliers440/4 | - | €9k | €24k | €43k | €48k | ▲ 11.1% |
| Taxes, remuneration and social security45 | - | €26k | €3k | €3k | €5k | ▲ 77.9% |
| Taxes450/3 | - | €12k | €304 | €0 | - | - |
| Remuneration and social security454/9 | - | €13k | €3k | €3k | €5k | ▲ 77.9% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €0 | €8k | €8k | €8k | ▼ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-413k | €-527k | €-182k | €-382k | €-380k | ▲ 0.5% |
| + Depreciation and write-downs630 | €369k | €374k | €375k | €376k | €377k | ▲ 0.3% |
| Operating cash flow (approximation) | €-43k | €-153k | €192k | €-6k | €-3k | ▲ 50.9% |
| Investment in fixed assets (approximation) | - | €-51k | €-34k | €-14k | €-1.78M | ▼ 12,850% |
| Change in cash | - | €8k | €-42k | €21k | €26k | ▲ 27.6% |
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
Next filing, fiscal year 2026, expected by
2026
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €-527k
Net result drops to €-527k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 14current ratio 4.56
Current ratio from 0.33 to 4.56; short-term debt falls from €497k to €34k.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
15 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, Sint-Genesius-Rode · 1 establishment unit since 2014
Ground area
1.2 ha
Building footprint
698 m²
Volume, LiDAR
1,571 m³
Parcel 22552F0007/02X022, Flanders · tallest building 18.3 m. Linked by address, not a title deed.
1 establishment unit
MUTUS LIBER
since 20142.226.277.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0007/02X022 | Flanders | 1.2 ha | 1 · 698 m² | 18.3 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EQUINOXE IMMO
BE 0419.121.855
Brugge · Eq €5.23M
ALTRISA
BE 0743.388.303
Zemst · Eq €4.94M
HÔTEL DE CLERCX
BE 0435.457.249
Liège · Eq €4.75M
MARUANI
BE 0870.848.182
Knokke-Heist · Eq €4.50M
Art-ID
BE 0667.779.474
Grobbendonk · Eq €4.03M
Of 1,288 companies in sector 47690 we hold annual accounts for 425. 58 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
Founded09-02-2011
Fiscal year end30-06
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
90111Literary creation
47120Other non-specialised retail sale
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74140Other specialised design activities
82300Organisation of conventions and trade shows
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.