MUVARPY
ActiveSummary
MUVARPY has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €248,781. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 488 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Pig breeding farms
NACE 01461NACE 01231
2 sites
How big
€1.7mtotal assets 2025
- Equity
- €1.1m
- Profit
- €248,781
Who decides
Accounts filed 27 d late0 of 3 deeds read
Why 85- Multiple establishment units+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-11
Solvency89▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 2.34 against 1.93 in 2024; short-term debt: 30.5% and cash: 18.5% of total assets), and 35.6% 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
64.4%
Return on assets
14.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d early
2023
61 d late
2022
108 d late
2021
120 d late
2020
30 d late
2019
30 d late
← 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 50 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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. Usually files around 1 October (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Equity above €1mEq €1.1m ▲29.8%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €1.7mProfit €248,781Solvency 64.4%Liquidity 2.34
Total assets
€1.7m▲ 9.5%
2019 - 2025
Net result
€248,781▼ 31.4%
2019 - 2025
Equity
€1.1m▲ 29.8%
2019 - 2025
Solvency
64.4%▲ 10.1pp
2019 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.1m€0.03m€0.3m▲ 964%€0.6m▲ 72.3%€0.4m▼ 36.5%
Net result-€0.1mbelow the sector's middle half€0.03mwithin the sector's middle half€0.3mabove the sector's middle half▲ 884%€0.4mabove the sector's middle half▲ 28.2%€0.2mwithin the sector's middle half▼ 31.4%
Equity€0.2mwithin the sector's middle half▼ 46.8%€0.2mwithin the sector's middle half▲ 19.1%€0.5mabove the sector's middle half▲ 158%€0.8mwithin the sector's middle half▲ 80.1%€1.1mwithin the sector's middle half▲ 29.8%
Total assets€0.7mwithin the sector's middle half▼ 10.8%€0.7mabove the sector's middle half▲ 11.7%€1.1mabove the sector's middle half▲ 43.7%€1.5mwithin the sector's middle half▲ 45.6%€1.7mwithin the sector's middle half▲ 9.5%
Debt€0.5m▲ 11.7%€0.6m▲ 9.4%€0.6m▲ 6.8%€0.7m▲ 18.6%€0.6m▼ 14.7%
Working capital-€0.09mbelow the sector's middle half-€0.008mwithin the sector's middle half▲ 90.7%€0.2mabove the sector's middle half€0.6mwithin the sector's middle half▲ 221%€0.7mwithin the sector's middle half▲ 24.8%
Solvency23.0%within the sector's middle half▼ 15.6pp24.5%within the sector's middle half▲ 1.5pp43.9%within the sector's middle half▲ 19.4pp54.3%within the sector's middle half▲ 10.4pp64.4%within the sector's middle half▲ 10.1pp
Current ratio0.78within the sector's middle half▼ 0.350.98within the sector's middle half▲ 0.201.37within the sector's middle half▲ 0.391.93within the sector's middle half▲ 0.562.34within the sector's middle half▲ 0.41
Return on assets (ROA)-20.2%below the sector's middle half▼ 32.7pp3.9%within the sector's middle half▲ 24.2pp26.9%above the sector's middle half▲ 23.0pp23.7%above the sector's middle half▼ 3.2pp14.8%above the sector's middle half▼ 8.8pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€477,835 ▲ 23.0%
Current assets
€1.2m ▲ 4.9%
Equity and liabilities €1.7m
Equity
€1.1m ▲ 29.8%
Provisions
€351 ▼ 11.1%
Debt
€597,256 ▼ 14.7%
Debt's share of the balance-sheet total falls from 45.7% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€427,828▼
2024 · €618,525
Cash flow
€319,504▼
2024 · €418,318
Quick ratio
1.69▲
2024 · 1.38
Debt to equity
0.55▼
2024 · 0.84
ROE
23.0%▼
2024 · 43.6%
Interest coverage
17.71▼
2024 · 22.65
Debt ≤ 1 year
€511,815▼
2024 · €592,482
Debt > 1 year
€85,185▼
2024 · €107,408
Income taxes
€110,959▼
2024 · €174,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €19,575 | €10,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,434 | €44,224 | €38,080 | €55,909 | €70,723 | ▲ 26.5% |
| Other operating charges640/8 | €6,257 | €4,714 | €7,967 | €7,751 | €7,787 | ▲ 0.5% |
| Gross operating margin9900 | -€64,958 | €79,646 | €372,657 | €626,276 | €435,615 | ▼ 30.4% |
| Operating profit (loss)9901 | -€130,649 | €30,707 | €326,610 | €562,616 | €357,105 | ▼ 36.5% |
| Financial income75/76B | €253 | €81 | €1,133 | €1,154 | €26,750 | ▲ 2,218% |
| Recurring financial income75 | €253 | €81 | €1,133 | €1,154 | €26,750 | ▲ 2,218% |
| Financial charges65/66B | €1,591 | €1,732 | €1,570 | €27,307 | €24,159 | ▼ 11.5% |
| Recurring financial charges65 | €1,591 | €1,732 | €1,570 | €27,307 | €24,159 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€131,987 | €29,056 | €326,172 | €536,463 | €359,696 | ▼ 33.0% |
| Transfer from deferred taxes780 | - | - | - | €44 | €44 | = |
| Income taxes67/77 | €637 | €329 | €43,377 | €174,098 | €110,959 | ▼ 36.3% |
| Profit (loss) for the period9904 | -€132,625 | €28,727 | €282,795 | €362,409 | €248,781 | ▼ 31.4% |
| Profit (loss) for the period to be appropriated9905 | -€132,625 | €28,727 | €282,795 | €362,409 | €248,781 | ▼ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.7m | €0.7m | €1.1m | €1.5m | €1.7m | ▲ 9.5% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 23.0% |
| Intangible fixed assets21 | - | - | €0.008m | €0.005m | €0.002m | ▼ 51.1% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 24.0% |
| Land and buildings22 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 7.4% |
| Plant, machinery and equipment23 | €0.07m | €0.06m | €0.05m | €0.04m | €0.2m | ▲ 339% |
| Furniture and vehicles24 | €0.02m | €0.01m | €0.1m | €0.1m | €0.08m | ▼ 25.4% |
| Financial fixed assets28 | €189 | €189 | €189 | €225 | €225 | = |
| Current assets29/58 | €0.3m | €0.4m | €0.6m | €1.1m | €1.2m | ▲ 4.9% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 3.4% |
| Stocks30/36 | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 3.4% |
| Amounts receivable within one year40/41 | €0.09m | €0.2m | €0.03m | €0.05m | €0.005m | ▼ 88.0% |
| Trade receivables40 | €0.08m | €0.2m | €0.008m | €0.04m | €0.003m | ▼ 91.9% |
| Other amounts receivable41 | €0.003m | €0.001m | €0.02m | €0.006m | €0.002m | ▼ 61.5% |
| Current investments50/53 | - | - | - | €0.5m | €0.5m | ▲ 9.9% |
| Cash at bank and in hand54/58 | €0.1m | €0.02m | €0.3m | €0.3m | €0.3m | ▲ 12.5% |
| Deferred charges and accrued income490/1 | €0.001m | - | €0.003m | €0.001m | €0.002m | ▲ 47.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €1.1m | €1.5m | €1.7m | ▲ 9.5% |
| Equity10/15 | €0.2m | €0.2m | €0.5m | €0.8m | €1.1m | ▲ 29.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.2m | €0.2m | €0.4m | €0.8m | €1.0m | ▲ 32.6% |
| Non-distributable reserves130/1 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | €0.2m | €0.2m | €0.4m | €0.7m | €1.0m | ▲ 34.1% |
| Profit (loss) carried forward14 | -€0.1m | -€0.1m | €0 | - | - | - |
| Investment grants15 | - | - | - | €0.008m | €0.007m | ▼ 11.1% |
| Provisions and deferred taxes16 | - | - | - | €395 | €351 | ▼ 11.1% |
| Deferred taxes168 | - | - | - | €395 | €351 | ▼ 11.1% |
| Amounts payable17/49 | €0.5m | €0.6m | €0.6m | €0.7m | €0.6m | ▼ 14.7% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 20.7% |
| Financial debts170/4 | €0.1m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 20.7% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.5m | €0.6m | €0.5m | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | = |
| Trade debts44 | €0.05m | €0.02m | €0.08m | €0.1m | €0.07m | ▼ 35.8% |
| Suppliers440/4 | €0.05m | €0.02m | €0.08m | €0.1m | €0.07m | ▼ 35.8% |
| Taxes, remuneration and social security45 | €0.002m | €0.008m | €0.002m | €0.1m | €0.1m | ▲ 3.8% |
| Taxes450/3 | €0.002m | €0.008m | €0.002m | €0.1m | €0.1m | ▲ 3.8% |
| Other amounts payable47/48 | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 12.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €256 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€132,625 | €28,727 | €282,795 | €362,409 | €248,781 | ▼ 31.4% |
| + Depreciation and write-downs630 | €59,434 | €44,224 | €38,080 | €55,909 | €70,723 | ▲ 26.5% |
| Operating cash flow (approximation) | -€73,191 | €72,951 | €320,875 | €418,318 | €319,504 | ▼ 23.6% |
| Investment in fixed assets (approximation) | - | -€43,546 | -€114,884 | -€24,718 | -€159,969 | ▼ 547% |
| Change in cash | - | -€77,154 | €258,777 | -€7,124 | €34,366 | ▲ 582% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
PROOF
BE 0662.430.618
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BOJAVAR
BE 0849.975.762
Merksplas · Eq €1,083,800
SWINNEN
BE 0462.167.683
Peer · Eq €1,073,035
HOMAVELD
BE 0544.416.854
Lichtervelde · Eq €1,093,219
ALLY-DE ROO
BE 0806.404.352
Dentergem · Eq €1,096,900
Of 905 companies in this sector we hold annual accounts for 296. 230 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
18 eventsLatest 27-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Equity above €1mEq €1.1m ▲29.8%
4 profitable years in a row build equity to €1.1m.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €362,409 ▲28.2%
Operating result €562,616, net result €362,409, both a record.
31-12
Financial
Equity above €500,000Eq €831,922 ▲80.1%
3 profitable years in a row build equity to €831,922.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200,000Eq €462,006 ▲158%
2 profitable years in a row build equity to €462,006.
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
31-12
Financial
Back to profitnet €28,727
Net result €28,727 after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial
Weakest financial yearnet -€132,625
Net result drops to -€132,625, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
2020
31-08
Financial
Back to profitnet €91,490
Net result €91,490 after one loss-making year.
31-08
Financial
Equity above €200,000Eq €283,109 ▲47.7%
Equity rises from €191,618 to €283,109.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
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 3 acts read
About the unread acts
We know of 3 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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Support & recognitions
1 funding sourceFlanders €21,6441 register with a recognitionFASFC 2 sites
Flemish government
€21,644
awarded · 2024 - 2025
FASFC
2
authorised sites
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €21,644 awarded · €21,644 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €778 | €778 |
| 2024 | 1 | €20,866 | €20,866 |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesStadenunit no. 2.101.626.843
Stadenunit no. 2.341.416.088
Company details
Public limited company · founded 11-01-2002Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPublic limited company
Founded11-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476632066
Also
9925:BE0476632066
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Staden · 2 establishment units since 2002
Ground area
1.2 ha
Building footprint
347 m²
Volume, LiDAR
1,737 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MUVARPY
since 2002unit no. 2.101.626.843
Kattestraat(WRB) 39, 8840 Staden
since 2023unit no. 2.341.416.088
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36020A0511/00L000 | Flanders | 7,264 m² | 1 · 172 m² | 7.2 m · 2 fl. |
| 36020C0484/00H000 | Flanders | 5,037 m² | 1 · 174 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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