Result
€40,472 ▼ 63.0%
The result fell in 2025 from €109,293 to €40,472.
MUVANTEX
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €20.5m (2015)
€13.8m▲ 29.3%
lowest -€67,329 (2008)
€40,472▼ 63.0%
peak €4.8m (2017)
€4.7m▲ 0.9%
€3.6m▲ 23.6%
peak 31.6 FTE (2014)
30.2 FTE▲ 14.4%
Board7 names since 2019
2 directorsGregory DE MUNSTER and 1 other
Owners
99.96%MGI
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Turnover from €10.6m to €13.8mResult from €109,293 to €40,472Staff from 26.4 FTE to 30.2 FTEDebts from €2.9m to €3.6mInvestments €664,680
Key points
from the 2025 annual accountsInvestments
€664,680 3.0 × depreciation
Green is investment, beige is depreciation.
Staff
31 employees on 31-12-2025
In 2025, 7 people joined and 4 left. On top of that, 0.7 agency workers worked there on average.
Payment terms
39 days to suppliers
MUVANTEX pays its suppliers 25 days earlier than in 2024. Customers pay 20 days earlier.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 22 to 46 days before the end of the period.
Public support
€89,809 awarded from 2022 to 2025
Flemish support, mostly Subsidies voor internationaal ondernemen.
Checked score
94
Excellent
Financially stronger than 54% of small companies in textiles (NACE 13)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 109 companies (NACE 13, small).
Fewer than 1 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 01-2025lowest value
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: 0.1%● 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 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.56, cash €425,779
lowers risk
Founded in 1976
Equity €4.7m (57.0% of total assets)
Sector: Manufacture of textiles (NACE 13)
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 13, small). It does better than 61% of them on solvency, 47% on liquidity, 44% on profitability and 64% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 14,766 companies had the same profile as MUVANTEX has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MUVANTEX itself: 0.1% 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 14,766 companies, not a prediction for MUVANTEX. 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 €440,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.56 (2.75 in 2024), above the usual 1.5. Short-term debt is 35% and cash 5.1% of total assets. 43% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
36 days early
2023
37 days early
2022
46 days early
2021
34 days early
2020
33 days early
2019
35 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 35 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% 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 25 June (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New statutory auditor
DEBRABANDERE-VAN BRABANDT appointed, DERYCKE,CATRY & C° resigned · Permanent representatives: Martin DERYCKE and Lieselore DEBRABANDRE · Director discharge: DERYCKE,CATRY & C° (statutory auditor) · General meeting of 03-01-2024 · Gazette deed
Amendment of the articles
Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Deerlijk
Reappointment: BV DERYCKE, CATRY & CO BEDRIJFSREVISOREN (statutory auditor)
General meeting of 04-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MUVANTEX Deerlijk | €13.8m | 1.8% | 57.0% | 30.2 |
| IEPERBAND Ypres | €11.2m | -1.5% | 10.3% | 41.4 |
| MAES DYEING & FINISHING Zwevegem | €15.8m | 2.5% | 25.5% | 68.2 |
| MULTY MANTA Opwijk | €17.0m | 2.8% | 82.4% | 45.3 |
| AUNDE BELGIUM Wervik | €10.7m | -26.5% | 49.9% | 78.5 |
| TER MOLST INTERNATIONAL Oostrozebeke | €10.6m | -21.8% | 93.3% | 67.7 |
| LAMPE TEXTILES Tielt | - | - | 48.7% | 25 |
Grey: the largest companies of the sector (textiles (NACE 13)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MUVANTEX: manufacture of textiles (NACE 13200). They are comparable in size and age: total assets between €5.7m and €15m, founded between 1983 and 1996.
Official details
Source: KBO- Status
- Active since 20-12-1976Normal situation
- Activity
- Manufacture of textilesNACE 13200
- Joint committees
- 120Textile industry
- 214White-collar workers in the textile industry · annual accounts 2022
- Establishment unit
- 2.012.985.5708540 Deerlijk, since 01-01-1977
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €8.3m▲ 9.5%
- Employeeson 31-12-2025
- 31▲ 10.7%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on MUVANTEX
MUVANTEX has existed since 1976. In 2007 turnover rose from €13,389 to €13.5m.
MGI 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 MUVANTEX
- What is the company number of MUVANTEX?
- The company number of MUVANTEX is 0416.636.279. The VAT number is the same number with BE in front: BE 0416.636.279.
- Where is MUVANTEX based?
- The registered office is at Kortrijkse heerweg 209, 8540 Deerlijk.Company details
- What does MUVANTEX do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13200).
- What is the legal form of MUVANTEX?
- MUVANTEX is a public limited company (NV).
- When was MUVANTEX founded?
- MUVANTEX was founded on 20-12-1976.
- Is MUVANTEX still active?
- Yes, MUVANTEX is an active enterprise in the KBO register.
- How many employees does MUVANTEX have?
- MUVANTEX had an average of 30.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MUVANTEX fall under?
- In its 2022 annual accounts, MUVANTEX states joint committees 120 (Textile industry) and 214 (White-collar workers in the textile industry).
- What is the turnover of MUVANTEX?
- The turnover of MUVANTEX was €13.8m in financial year 2025, according to the filed annual accounts.
- Is MUVANTEX profitable?
- In financial year 2025, MUVANTEX made a profit of €40,472.
- Where can I find the annual accounts of MUVANTEX?
- MUVANTEX filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MUVANTEX due?
- MUVANTEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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