MUUSELABS
BankruptcyAre you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Opened
- 24 May 2023
- Track
- Reorganisation by amicable settlement
- Docket number
- 20230046
- Moratorium until
- 17 April 2023 (passed; an extension would be in a later judgment)
- Delegated judge
- RéGIS Van Caillie
- Official Gazette
- 31-05-2023 (pdf) ↗search the document for 2023/121202
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Follow
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Computer programming
NACE 62100
3 sites
Size
€2.7mtotal assets 2022
- Staff
- 0.4 FTE
- Equity
- €216,102
- Loss
- -€1.3m
Financial health
Bankruptcy: no score
Structure
- Largest shareholder
- CO FOUNDRY · 13.6%
- Board
- 5 members
1 of 15 deeds read
Signalsraises riskRegister: open bankruptcyIn judicial reorganisationneutralLatest accounts filed on timeShow the evidence
Signals
Three signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-06-2023, 55 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2022
55 days early
2021
52 days early
2020
43 days early
2019
30 days early
2018
19 days late
2017
7 days late
2016
3 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 22 days before the deadline; the sector median (NACE 62) for financial year 2022 is 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- ExtensionFrench-language Enterprise Court of Brussels…
- Resignations: Venture Studios, ID GROUP SAS…Appointments: Kids Dailies Ltd, TOMBROFF…
- Annual accounts filedfinancial year 2022 · full…
Financials · financial year 2022, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.3m▲ 11.2%
2021 · -€1.4m
Working capital
€585,288▼ 5.0%
2021 · €616,097
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €1.3m in 2022 against €1.5m in 2021; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1.3m
2022
Net result-€1.3m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.7m
2022
Equity€0.2m
2022
Debt€2.5m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.6m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-47.2%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency8.1%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.75
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)0.4
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€0.3m--€0.4m▼ 3.4%-€0.3m▲ 21.4%-€1.5m▼ 419%-€1.3m▲ 12.3%
Net result-€0.4m--€0.4m▼ 5.2%-€0.3mbelow the sector's middle half▲ 19.0%-€1.4mbelow the sector's middle half▼ 347%-€1.3mbelow the sector's middle half▲ 11.2%
Equity€0.5m-€0.1m▼ 76.9%€1.2mabove the sector's middle half▲ 894%€1.6mabove the sector's middle half▲ 33.5%€0.2mwithin the sector's middle half▼ 86.2%
Total assets€1.3m-€1.2m▼ 6.4%€2.0mwithin the sector's middle half▲ 66.7%€2.8mwithin the sector's middle half▲ 43.5%€2.7mwithin the sector's middle half▼ 4.4%
Debt€0.7m-€1.1m▲ 42.4%€0.8m▼ 26.2%€1.2m▲ 58.6%€2.5m▲ 99.8%
Working capital€0.1m--€0.5m€1.0mabove the sector's middle half€0.6mwithin the sector's middle half▼ 36.9%€0.6mwithin the sector's middle half▼ 5.0%
Solvency40.9%-10.1%▼ 30.8pp60.2%within the sector's middle half▲ 50.1pp56.0%within the sector's middle half▼ 4.2pp8.1%below the sector's middle half▼ 47.9pp
Current ratio1.23-0.51▼ 0.7210.10above the sector's middle half▲ 9.591.83within the sector's middle half▼ 8.271.75within the sector's middle half▼ 0.08
Return on assets (ROA)-29.9%--33.6%▼ 3.7pp-16.3%below the sector's middle half▲ 17.3pp-50.8%below the sector's middle half▼ 34.5pp-47.2%below the sector's middle half▲ 3.6pp
Staff (FTE)2.9-3.4▲ 17.2%3.7within the sector's middle half▲ 8.8%1.9below the sector's middle half▼ 48.6%0.4below the sector's middle half▼ 78.9%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.3m ▼ 9.2%
Current assets
€1.4m ▲ 0.7%
Equity and liabilities €2.7m
Equity
€216,102 ▼ 86.2%
Debt
€2.5m ▲ 99.8%
Debt's share of the balance-sheet total rises from 44.0% to 91.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€838,241▲
2021 · -€1.2m
Cash flow
-€817,419▲
2021 · -€1.1m
Quick ratio
1.35▼
2021 · 1.40
Debt to equity
11.41▲
2021 · 0.79
ROE
-586.1%▼
2021 · -90.8%
Interest coverage
-8.40▲
2021 · -24.36
Debt ≤ 1 year
€783,429▲
2021 · €742,722
Debt > 1 year
€1.6m▲
2021 · €491,405
Staff costs
€18,268▼
2021 · €66,478
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.03m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0.07m | €0.02m | ▼ 72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 47.1% |
| Other operating charges640/8 | - | - | - | €0.08m | €0.01m | ▼ 86.8% |
| Non-recurring operating charges66A | - | - | - | €0.4m | €0.006m | ▼ 98.6% |
| Gross operating margin9900 | -€0.09m | -€0.04m | €0.08m | -€0.6m | -€0.8m | ▼ 37.3% |
| Operating profit (loss)9901 | -€0.3m | -€0.4m | -€0.3m | -€1.5m | -€1.3m | ▲ 12.3% |
| Financial income75/76B | - | - | - | €0.09m | €0.1m | ▲ 34.0% |
| Recurring financial income75 | - | €0.002m | €0.004m | €0.09m | €0.1m | ▲ 34.0% |
| Financial charges65/66B | - | - | - | €0.05m | €0.1m | ▲ 109% |
| Recurring financial charges65 | €0.03m | €0.04m | €0.04m | €0.05m | €0.1m | ▲ 109% |
| Profit (loss) for the period before taxes9903 | -€0.4m | -€0.4m | -€0.3m | -€1.4m | -€1.3m | ▲ 11.2% |
| Profit (loss) for the period9904 | -€0.4m | -€0.4m | -€0.3m | -€1.4m | -€1.3m | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | -€0.4m | -€0.3m | -€1.4m | -€1.3m | ▲ 11.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.2m | €2.0m | €2.8m | €2.7m | ▼ 4.4% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.9m | €1.4m | €1.3m | ▼ 9.2% |
| Intangible fixed assets21 | €0.6m | €0.6m | €0.8m | €1.4m | €1.3m | ▼ 7.9% |
| Tangible fixed assets22/27 | €0.08m | €0.06m | €0.04m | €0.02m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.06m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.6m | €0.5m | €1.1m | €1.4m | €1.4m | ▲ 0.7% |
| Stocks and contracts in progress3 | €0.3m | €0.2m | €0.09m | €0.3m | €0.3m | ▼ 3.6% |
| Stocks30/36 | - | - | - | €0.3m | €0.3m | ▼ 3.6% |
| Amounts receivable within one year40/41 | €0.09m | €0.07m | €0.05m | €0.8m | €0.8m | ▲ 3.8% |
| Trade receivables40 | - | - | - | €0.6m | €0.7m | ▲ 10.1% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | ▼ 16.6% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.9m | €0.2m | €0.2m | ▲ 5.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.02m | ▼ 45.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €2.0m | €2.8m | €2.7m | ▼ 4.4% |
| Equity10/15 | €0.5m | €0.1m | €1.2m | €1.6m | €0.2m | ▼ 86.2% |
| Contributions10/11 | €1.1m | €1.1m | €2.4m | €3.9m | €3.9m | ▲ 0.1% |
| Capital10 | - | - | - | €3.1m | €3.1m | ▲ 0.1% |
| Issued capital100 | - | - | - | €3.1m | €3.1m | = |
| Uncalled capital101 | - | - | - | €0.004m | €0 | ▼ 100% |
| Contributions outside capital11 | - | - | - | €0.8m | €0.8m | = |
| Share premium1100/10 | - | - | - | €0.8m | €0.8m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.9m | -€1.3m | -€2.7m | -€3.9m | ▼ 47.3% |
| Investment grants15 | - | - | - | €0.3m | €0.2m | ▼ 28.4% |
| Amounts payable17/49 | €0.7m | €1.1m | €0.8m | €1.2m | €2.5m | ▲ 99.8% |
| Amounts payable after more than one year17 | €0.2m | €0.003m | €0.7m | €0.5m | €1.6m | ▲ 232% |
| Financial debts170/4 | - | - | - | €0.5m | €1.6m | ▲ 232% |
| Amounts payable within one year42/48 | €0.5m | €1.0m | €0.1m | €0.7m | €0.8m | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | ▲ 3.3% |
| Trade debts44 | €0.05m | €0.09m | €0.04m | €0.5m | €0.6m | ▲ 8.4% |
| Suppliers440/4 | - | - | - | €0.5m | €0.6m | ▲ 8.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.01m | ▼ 43.2% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | ▲ 10.5% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.05m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.4m | -€0.4m | -€0.3m | -€1.4m | -€1.3m | ▲ 11.2% |
| + Depreciation and write-downs630 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 47.1% |
| Operating cash flow (approximation) | -€0.2m | -€0.2m | -€0.1m | -€1.1m | -€0.8m | ▲ 27.0% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.4m | -€0.9m | -€0.3m | ▲ 64.0% |
| Change in cash | - | -€0.05m | €0.7m | -€0.7m | €0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | full format | 06-06-2023 | 2023-00113555 |
| 31-12-2021 | full format | 09-06-2022 | 2022-20057845 |
| 31-12-2020 | full format | 18-06-2021 | 2021-21000406 |
| 31-12-2019 | micro format | 01-07-2020 | 2020-23400499 |
| 31-12-2018 | micro format | 19-08-2019 | 2019-47000222 |
| 31-12-2017 | micro format | 07-08-2018 | 2018-43500529 |
| 31-12-2016 | micro format | 28-07-2017 | 2017-37700374 |
| 31-12-2015 | abbreviated format | 05-08-2016 | 2016-40000139 |
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Of the 16,995 active companies whose main activity is computer programming (NACE 62100), figures are known for 8,924. 6,601 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification, last change in 2023
This board is reconstructed from a single act (23405958). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 5
BLOCH Gérard
CurrentDirector · since 29-09-2023
Kids Dailies Ltd
CurrentDirector · since 29-09-2023 · Legal entity · permanent representative: DEBIAIS Christine Lucie
MOFFAT William Damian
CurrentDirector · since 29-09-2023
TOMBROFF Michel
CurrentDirector · since 29-09-2023
Venture Studios
CurrentDirector · since 29-09-2023 · Legal entity · permanent representative: LAMBRECHTS Sara
Permanent representatives 2
DEBIAIS Christine Lucie
CurrentPermanent representative · since 29-09-2023 · for Kids Dailies Ltd
LAMBRECHTS Sara
CurrentPermanent representative · since 29-09-2023 · for Venture Studios
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
14 of this company's 15 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
9 people since 2023, 5 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BLOCH Gérard |
|
| Kids Dailies Ltd |
|
| MOFFAT William Damian |
|
| TOMBROFF Michel |
|
| Venture Studios |
|
| FONDS D'INVESTISSEMENT DANS LES ENTREPRISES CULTURELLES |
|
| ID GROUP SAS |
|
| NOSHAQ PARTNERS |
|
| PALMERS Pieter |
|
Owners and capital
Owners
2 ownersOwners 2
-
13.6%
-
7.14%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
2023
05-12
Judicial reorganisation
Extension
French-language Enterprise Court of Brussels · amicable agreement · judgment of 21-11-2023
11-10
Gazette deed
Resignations: Venture Studios, ID GROUP SAS and 7 othersAppointments: Kids Dailies Ltd, TOMBROFF Michel and 3 others · Permanent representatives: LAMBRECHTS Sara, DUFOREST Grégoire and 3 others · Auditor report50 facts ▸
Gazette deed
Resignations: Venture Studios, ID GROUP SAS and 7 others
Appointments: Kids Dailies Ltd, TOMBROFF Michel and 3 others · Permanent representatives: LAMBRECHTS Sara, DUFOREST Grégoire and 3 others · Auditor report50 facts ▸
- General meeting, 29-09-2023
- Other provision, “prise de connaissance des rapports, rapport détaillé du Réviseur d’Entreprises établi conformément aux articles 7:179 CSA jo. 7:197 CSA concernant l’apport en n…” (deed in French)
- Auditor report, 14-09-2023
- Other provision, 142558, “conversion d’Actions B en Actions A” (deed in French)
- Kind of shares, “creation, établis dans sens prévu par modifications des statuts” (deed in French)
- Capital increase, €1,396,488.48
- Amendment of the articles, 10.3
- Amendment of the articles, 10.4
- Amendment of the articles, 40
- Amendment of the articles, 43
- Director resignation, Venture Studios (director) (2 times)
- Director resignation, ID GROUP SAS (director) (2 times)
- +38 further facts in this act
06-06
NBB filing
Annual accounts filed
financial year 2022 · full format
31-05
Judicial reorganisation
Opening
French-language Enterprise Court of Brussels · amicable agreement · judgment of 24-05-2023
2022
09-06
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
31-12
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
18-06
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial
Liquidity more than 19 timescurrent ratio 10.10
Current ratio from 0.51 to 10.10; short-term debt falls from €1.0m to €107,261.
31-12
Financial
Equity above €1mequity €1.2m ▲894%
Equity rises from €118,331 to €1.2m.
01-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
19-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 19 days late
2018
07-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 7 days late
2017
28-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
2016
05-08
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 5 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 15 deeds read
About the unread acts
Of the 15 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded06-02-2015
Financial year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
Contact
Website
WWW.MUUSELABS.COMBrussel
E-mail
THEO@MUUSELABS.COMBrussel
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Evere · 3 establishment units since 2015
Ground area
9,729 m²
Building footprint
2,240 m²
Building volume
18,758 m³
3 parcels, Brussels, Flanders · tallest building 18.0 m. Linked by address, not a title deed.
53
companies at this address
See who is registered here
3 establishment units
MUUSELABS
since 2015unit no. 2.239.507.789
MUUSELABS
since 2018unit no. 2.272.999.812
Lange Gasthuisstraat 29, 2000 Antwerpen
since 2021unit no. 2.320.037.882
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21372B0037/00S000 | Brussels | 6,963 m² | 1 · 1,690 m² | 10.8 m · 2 |
| 11803C0969/00B000 | Flanders | 2,666 m² | 1 · 483 m² | 18.0 m · 5 |
| 21806F0060/00K008 | Brussels | 100 m² | 1 · 67 m² | 15.4 m · 4 |
How the parcels are linked
Good to know
All 3 parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.
Articles of association
- Board ruleHow the board is made up, meets and takes decisions.
- “13, cooptation immédiate par administrateurs restants sur liste proposée par détenteurs (de la classe) ayant proposé administrateur vacant” (deed in French)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Droit de vote et décisions-clés en assemblée générale, 32” (deed in French)1 more provision in the deed, see the deed of 11-10-2023
Read from the deeds: 3 provisions, deed of 11-10-2023