MUVANTEX
ActiveSummary
MUVANTEX has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.7m and a net result of €40,472. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 53% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-3
Solvency82▼-5
Growth43▼-12
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.75 in 2024; short-term debt: 35% and cash: 5.1% of total assets), and 43% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer 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
57%
Return on assets
0.5%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
36 d early
2023
37 d early
2022
46 d early
2021
34 d early
2020
33 d early
2019
35 d 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 35 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#6 company by total assets in Deerlijk, Manufacturing sector#8 employer in Deerlijk, Manufacturing sector#8 oldest company in Deerlijk, Manufacturing sector
Turnover
€13.8m▲ 29.3%
2024 · €10.6m
EBIT margin
1.8%▼ 0.7pp
2024 · 2.4%
Net result
€40,472▼ 63.0%
2024 · €109,293
Working capital
€4.5m▼ 0.5%
2024 · €4.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€13.2m▲ 25.4%€12.4m▼ 6.1%€11.4m▼ 8.0%€10.6m▼ 6.8%€13.8m▲ 29.3%
Operating result€741,472▲ 843%€383,832▼ 48.2%-€1,038€260,557€247,100▼ 5.2%
Net result€791,969within the sector's middle half▲ 1,734%€234,608within the sector's middle half▼ 70.4%-€57,109within the sector's middle half€109,293within the sector's middle half€40,472within the sector's middle half▼ 63.0%
EBIT margin5.6%▲ 4.9pp3.1%▼ 2.5pp0.0%▼ 3.1pp2.4%▲ 2.5pp1.8%▼ 0.7pp
Equity€4.6mwithin the sector's middle half▲ 3.2%€4.6mwithin the sector's middle half▲ 0.8%€4.6mwithin the sector's middle half▼ 1.2%€4.7mwithin the sector's middle half▲ 2.4%€4.7mwithin the sector's middle half▲ 0.9%
Total assets€7.9mwithin the sector's middle half▲ 16.0%€7.9mwithin the sector's middle half▼ 0.3%€7.0mwithin the sector's middle half▼ 11.1%€7.6mwithin the sector's middle half▲ 8.2%€8.3mwithin the sector's middle half▲ 9.5%
Debt€3.3m▲ 40.3%€3.2m▼ 1.8%€2.4m▼ 25.2%€2.9m▲ 19.1%€3.6m▲ 23.6%
Working capital€4.5mwithin the sector's middle half▲ 3.0%€4.5mwithin the sector's middle half▼ 0.7%€4.5mwithin the sector's middle half▲ 0.3%€4.5mwithin the sector's middle half▲ 0.9%€4.5mwithin the sector's middle half▼ 0.5%
Solvency58.2%within the sector's middle half▼ 7.2pp58.9%within the sector's middle half▲ 0.6pp65.4%within the sector's middle half▲ 6.5pp61.9%within the sector's middle half▼ 3.5pp57.0%within the sector's middle half▼ 4.9pp
Current ratio2.47within the sector's middle half▼ 0.592.53above the sector's middle half▲ 0.063.18above the sector's middle half▲ 0.652.75within the sector's middle half▼ 0.432.56within the sector's middle half▼ 0.19
Return on assets (ROA)10.0%within the sector's middle half▲ 9.4pp3.0%within the sector's middle half▼ 7.0pp-0.8%within the sector's middle half▼ 3.8pp1.4%within the sector's middle half▲ 2.3pp0.5%within the sector's middle half▼ 1.0pp
Staff (FTE)30within the sector's middle half▲ 1.4%28within the sector's middle half▼ 6.7%26.4within the sector's middle half▼ 5.7%26.4within the sector's middle half=30.2within the sector's middle half▲ 14.4%
above
within
below
the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.3m
Fixed assets
€875,084 ▲ 103%
Current assets
€7.4m ▲ 3.9%
Equity and liabilities €8.3m
Equity
€4.7m ▲ 0.9%
Debt
€3.6m ▲ 23.6%
Debt's share of the balance-sheet total rises from 38.1% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€468,366▲
2024 · €407,553
Cash flow
€261,738▲
2024 · €256,290
Quick ratio
0.68▼
2024 · 0.83
Debt to equity
0.75▲
2024 · 0.62
ROE
0.9%▼
2024 · 2.3%
Interest coverage
5.72▼
2024 · 6.44
Debt ≤ 1 year
€2.9m▲
2024 · €2.6m
Debt > 1 year
€657,495▲
2024 · €279,240
Income taxes
€23,146▼
2024 · €38,025
Staff costs
€1.7m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €13.5m | €12.8m | €11.8m | €11.0m | €14.3m | ▲ 30.5% |
| Turnover70 | €13.2m | €12.4m | €11.4m | €10.6m | €13.8m | ▲ 29.3% |
| Other operating income74 | €307,401 | €352,403 | €363,135 | €307,614 | €532,219 | ▲ 73.0% |
| Non-recurring operating income76A | - | €2,950 | €9,548 | €0 | - | - |
| Operating charges60/66A | €12.8m | €12.4m | €11.8m | €10.7m | €14.1m | ▲ 31.4% |
| Goods for resale, raw materials and consumables60 | €8.1m | €7.4m | €7.4m | €6.4m | €9.3m | ▲ 45.5% |
| Purchases600/8 | €8.5m | €8.3m | €6.8m | €7.0m | €9.8m | ▲ 38.9% |
| Change in stocks: decrease (increase)609 | -€420,269 | -€876,148 | €579,042 | -€637,378 | -€467,278 | ▲ 26.7% |
| Services and other goods61 | €3.2m | €3.3m | €2.8m | €2.7m | €2.8m | ▲ 3.3% |
| Remuneration, social security and pensions62 | €1.4m | €1.4m | €1.5m | €1.4m | €1.7m | ▲ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,973 | €135,749 | €132,328 | €146,997 | €221,266 | ▲ 50.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€3,251 | €96,463 | €55,400 | -€79,061 | €38 | ▲ 100% |
| Other operating charges640/8 | €18,153 | €17,085 | €20,804 | €100,957 | €18,827 | ▼ 81.4% |
| Non-recurring operating charges66A | €1,244 | €0 | - | - | - | - |
| Operating profit (loss)9901 | €741,472 | €383,832 | -€1,038 | €260,557 | €247,100 | ▼ 5.2% |
| Financial income75/76B | €368,112 | €278,405 | €147,346 | €96,225 | €176,357 | ▲ 83.3% |
| Recurring financial income75 | €368,112 | €278,405 | €147,346 | €96,225 | €176,357 | ▲ 83.3% |
| Income from current assets751 | €23,802 | €11,777 | €0 | - | - | - |
| Other financial income752/9 | €344,309 | €266,628 | €147,346 | €96,225 | €176,357 | ▲ 83.3% |
| Financial charges65/66B | €260,971 | €404,250 | €202,370 | €209,463 | €359,838 | ▲ 71.8% |
| Recurring financial charges65 | €260,971 | €404,250 | €202,370 | €209,463 | €359,838 | ▲ 71.8% |
| Debt charges650 | €24,383 | €31,009 | €62,182 | €63,285 | €81,868 | ▲ 29.4% |
| Other financial charges652/9 | €236,588 | €373,241 | €140,187 | €146,178 | €277,970 | ▲ 90.2% |
| Profit (loss) for the period before taxes9903 | €848,613 | €257,987 | -€56,062 | €147,318 | €63,619 | ▼ 56.8% |
| Income taxes67/77 | €56,644 | €23,379 | €1,047 | €38,025 | €23,146 | ▼ 39.1% |
| Taxes670/3 | €56,644 | €23,379 | €1,047 | €38,025 | €23,146 | ▼ 39.1% |
| Profit (loss) for the period9904 | €791,969 | €234,608 | -€57,109 | €109,293 | €40,472 | ▼ 63.0% |
| Transfer from tax-exempt reserves789 | €93,690 | €53,400 | €78,675 | €0 | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | €105,250 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €885,659 | €288,008 | €21,566 | €4,043 | €40,472 | ▲ 901% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €7.9m | €7.0m | €7.6m | €8.3m | ▲ 9.5% |
| Fixed assets21/28 | €295,800 | €442,984 | €430,545 | €431,670 | €875,084 | ▲ 103% |
| Intangible fixed assets21 | €77,900 | €73,072 | €56,690 | €44,524 | €24,180 | ▼ 45.7% |
| Tangible fixed assets22/27 | €217,766 | €369,777 | €373,720 | €386,936 | €850,695 | ▲ 120% |
| Land and buildings22 | €11,920 | €9,296 | €6,672 | €4,049 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €118,489 | €280,909 | €253,701 | €299,867 | €263,667 | ▼ 12.1% |
| Furniture and vehicles24 | €17,465 | €7,452 | €52,489 | €41,579 | €35,695 | ▼ 14.2% |
| Leasing and similar rights25 | - | - | - | - | €472,402 | - |
| Other tangible fixed assets26 | €69,891 | €72,119 | €60,857 | €41,441 | €78,930 | ▲ 90.5% |
| Financial fixed assets28 | €135 | €135 | €135 | €210 | €210 | = |
| Other financial fixed assets284/8 | €135 | €135 | €135 | €210 | €210 | = |
| Amounts receivable and cash guarantees285/8 | €135 | €135 | €135 | €210 | €210 | = |
| Current assets29/58 | €7.6m | €7.4m | €6.6m | €7.1m | €7.4m | ▲ 3.9% |
| Stocks and contracts in progress3 | €4.0m | €4.9m | €4.3m | €5.0m | €5.4m | ▲ 9.4% |
| Stocks30/36 | €4.0m | €4.9m | €4.3m | €5.0m | €5.4m | ▲ 9.4% |
| Raw materials and consumables30/31 | €816,511 | €994,145 | €948,926 | €1.5m | €1.4m | ▼ 8.9% |
| Goods purchased for resale34 | €3.2m | €3.9m | €3.4m | €3.5m | €4.1m | ▲ 17.3% |
| Amounts receivable within one year40/41 | €3.2m | €2.0m | €1.6m | €1.6m | €1.5m | ▼ 7.0% |
| Trade receivables40 | €2.6m | €1.9m | €1.5m | €1.5m | €1.1m | ▼ 22.2% |
| Other amounts receivable41 | €558,871 | €68,112 | €152,141 | €140,507 | €351,502 | ▲ 150% |
| Cash at bank and in hand54/58 | €375,081 | €475,243 | €548,511 | €507,849 | €425,779 | ▼ 16.2% |
| Deferred charges and accrued income490/1 | €33,328 | €45,816 | €60,498 | €60,333 | €64,862 | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €7.9m | €7.0m | €7.6m | €8.3m | ▲ 9.5% |
| Equity10/15 | €4.6m | €4.6m | €4.6m | €4.7m | €4.7m | ▲ 0.9% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €4.5m | €4.5m | €4.5m | €4.6m | €4.6m | ▲ 0.9% |
| Non-distributable reserves130/1 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Legal reserve130 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Tax-exempt reserves132 | €132,882 | €79,482 | €807 | €106,057 | €106,057 | = |
| Distributable reserves133 | €4.3m | €4.4m | €4.4m | €4.4m | €4.5m | ▲ 0.9% |
| Amounts payable17/49 | €3.3m | €3.2m | €2.4m | €2.9m | €3.6m | ▲ 23.6% |
| Amounts payable after more than one year17 | €187,752 | €269,960 | €296,283 | €279,240 | €657,495 | ▲ 135% |
| Financial debts170/4 | €187,752 | €269,960 | €296,283 | €279,240 | €657,495 | ▲ 135% |
| Leasing and similar obligations172 | - | - | - | - | €432,173 | - |
| Credit institutions173 | €187,752 | €269,960 | €296,283 | €279,240 | €225,322 | ▼ 19.3% |
| Amounts payable within one year42/48 | €3.1m | €2.9m | €2.1m | €2.6m | €2.9m | ▲ 11.6% |
| Current portion of amounts payable after more than one year42 | €98,495 | €136,294 | €142,198 | €145,900 | €198,606 | ▲ 36.1% |
| Financial debts43 | €867,541 | €728,663 | €179,560 | €51,044 | €500,025 | ▲ 880% |
| Credit institutions430/8 | €867,541 | €728,663 | €179,560 | €51,044 | €500,025 | ▲ 880% |
| Trade debts44 | €1.2m | €1.3m | €1.1m | €1.6m | €1.3m | ▼ 19.7% |
| Suppliers440/4 | €1.2m | €1.3m | €1.1m | €1.6m | €1.3m | ▼ 19.7% |
| Taxes, remuneration and social security45 | €168,634 | €221,753 | €229,942 | €158,498 | €192,584 | ▲ 21.5% |
| Taxes450/3 | €41,479 | €39,211 | €18,520 | €17,283 | €28,119 | ▲ 62.7% |
| Remuneration and social security454/9 | €127,155 | €182,543 | €211,422 | €141,214 | €164,464 | ▲ 16.5% |
| Other amounts payable47/48 | €700,343 | €535,371 | €432,103 | €641,968 | €723,889 | ▲ 12.8% |
| Accrued charges and deferred income492/3 | €27,927 | €26,463 | €57,819 | €5,369 | €6,632 | ▲ 23.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €791,969 | €234,608 | -€57,109 | €109,293 | €40,472 | ▼ 63.0% |
| + Depreciation and write-downs630 | €103,973 | €135,749 | €132,328 | €146,997 | €221,266 | ▲ 50.5% |
| Operating cash flow (approximation) | €895,942 | €370,357 | €75,219 | €256,290 | €261,738 | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | -€282,933 | -€119,888 | -€148,122 | -€664,680 | ▼ 349% |
| Change in cash | - | €100,161 | €73,268 | -€40,662 | -€82,070 | ▼ 102% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €109,293
Net result €109,293 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€57,109
Net result drops to -€57,109, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €791,969 ▲1,734%
Operating result €741,472, net result €791,969, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Deerlijk · 1 establishment unit since 1977
Ground area
1.6 ha
Building footprint
3,705 m²
Volume, LiDAR
33,410 m³
Parcel 34392C0592/00G002, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MUVANTEX
since 19772.012.985.570
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392C0592/00G002 | Flanders | 1.6 ha | 1 · 3,705 m² | 10.5 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
- MGIparentSourceaccounts MGI 202599.96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 89,809 EUR awarded · 89,437 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 14,271 EUR | 14,132 EUR |
| 2024 | 1 | 201 EUR | 201 EUR |
| 2023 | 2 | 30,043 EUR | 30,122 EUR |
| 2022 | 2 | 45,294 EUR | 44,982 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493003BBSXVREDUWJ15
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Identification & contact
Identification
Legal formPublic limited company
Founded20-12-1976
Fiscal year end31-12
Activities, NACEBEL 2025
13200Manufacture of textiles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0416636279
Also
9925:BE0416636279
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.