MUZZROOM
ActiveSummary
MUZZROOM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €660,206 and a net result of €48,793. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 22% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-1
Solvency44=
Growth66▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.1 in 2024; short-term debt: 65.2% and cash: 2% of total assets), and 81.3% 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+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
18.7%
Return on assets
1.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 484 sector peers (2025).
NBB · sector comparisonPosition among 484 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
40 d early
2023
5 d early
2022
14 d early
2021
4 d early
2020
1 d early
2019
12 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 14 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 March (3 of the last 3 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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 Is the workforce growing, and do people stay?Employer check 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?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€12.0m▲ 6.5%
2024 · €11.2m
EBIT margin
0.9%▼ 0.3pp
2024 · 1.2%
Net result
€48,793▼ 24.1%
2024 · €64,252
Working capital
€255,120▲ 26.2%
2024 · €202,101
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€13.9m▲ 50.4%€16.1m▲ 16.0%€17.4m▲ 8.1%€11.2m▼ 35.3%€12.0m▲ 6.5%
Operating result€301,039▲ 276%€146,383▼ 51.4%€110,237▼ 24.7%€131,578▲ 19.4%€105,980▼ 19.5%
Net result€234,842above the sector's middle half▲ 347%€94,018within the sector's middle half▼ 60.0%€58,641within the sector's middle half▼ 37.6%€64,252within the sector's middle half▲ 9.6%€48,793within the sector's middle half▼ 24.1%
EBIT margin2.2%▲ 1.3pp0.9%▼ 1.3pp0.6%▼ 0.3pp1.2%▲ 0.5pp0.9%▼ 0.3pp
Equity€454,503within the sector's middle half▲ 30.0%€518,521within the sector's middle half▲ 14.1%€547,162within the sector's middle half▲ 5.5%€611,413within the sector's middle half▲ 11.7%€660,206within the sector's middle half▲ 8.0%
Total assets€4.6mabove the sector's middle half▲ 23.0%€3.8mabove the sector's middle half▼ 16.6%€3.3mwithin the sector's middle half▼ 14.8%€3.2mwithin the sector's middle half▼ 1.9%€3.5mwithin the sector's middle half▲ 10.2%
Debt€4.1m▲ 22.2%€3.3m▼ 19.9%€2.7m▼ 18.0%€2.6m▼ 4.7%€2.9m▲ 10.7%
Working capital€114,730within the sector's middle half€125,238within the sector's middle half▲ 9.2%€269,350within the sector's middle half▲ 115%€202,101within the sector's middle half▼ 25.0%€255,120within the sector's middle half▲ 26.2%
Solvency9.9%below the sector's middle half▲ 0.5pp13.5%below the sector's middle half▲ 3.6pp16.8%within the sector's middle half▲ 3.2pp19.1%within the sector's middle half▲ 2.3pp18.7%below the sector's middle half▼ 0.4pp
Current ratio1.04within the sector's middle half▲ 0.211.05within the sector's middle half▲ 0.011.14within the sector's middle half▲ 0.091.10within the sector's middle half▼ 0.041.11within the sector's middle half▲ 0.01
Return on assets (ROA)5.1%within the sector's middle half▲ 3.7pp2.5%within the sector's middle half▼ 2.7pp1.8%within the sector's middle half▼ 0.7pp2.0%within the sector's middle half▲ 0.2pp1.4%within the sector's middle half▼ 0.6pp
Staff (FTE)14.9above the sector's middle half▼ 9.1%22.9above the sector's middle half▲ 53.7%20.2above the sector's middle half▼ 11.8%16.6above the sector's middle half▼ 17.8%18.2above the sector's middle half▲ 9.6%
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 per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€972,030 ▼ 6.4%
Current assets
€2.6m ▲ 18.1%
Equity and liabilities €3.5m
Equity
€660,206 ▲ 8.0%
Debt
€2.9m ▲ 10.7%
Debt's share of the balance-sheet total rises from 80.9% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€291,921▼
2024 · €304,901
Cash flow
€234,734▼
2024 · €237,575
Quick ratio
1.06▲
2024 · 1.02
Debt to equity
4.34▲
2024 · 4.24
ROE
7.4%▼
2024 · 10.5%
Interest coverage
8.40▲
2024 · 7.01
Debt ≤ 1 year
€2.3m▲
2024 · €2.0m
Debt > 1 year
€566,944▼
2024 · €628,956
Income taxes
€25,688▼
2024 · €31,208
Staff costs
€834,576▲
2024 · €741,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
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 497,338 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% | 1.9% |
| 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 4,681 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 | - | €16.6m | €17.8m | €11.6m | €12.1m | ▲ 4.4% |
| Turnover70 | €13.9m | €16.1m | €17.4m | €11.2m | €12.0m | ▲ 6.5% |
| Other operating income74 | - | €569,235 | €397,402 | €383,632 | €166,874 | ▼ 56.5% |
| Non-recurring operating income76A | - | €5,081 | €2,645 | €0 | €1,000 | - |
| Operating charges60/66A | - | €16.5m | €17.7m | €11.5m | €12.0m | ▲ 4.7% |
| Goods for resale, raw materials and consumables60 | - | €13.4m | €14.1m | €9.2m | €9.8m | ▲ 6.6% |
| Purchases600/8 | - | €13.4m | €14.1m | €9.2m | €9.7m | ▲ 6.0% |
| Change in stocks: decrease (increase)609 | - | -€12,350 | €39,002 | -€26,022 | €32,218 | ▲ 224% |
| Services and other goods61 | - | €2.0m | €2.1m | €1.4m | €1.2m | ▼ 12.4% |
| Remuneration, social security and pensions62 | - | €881,240 | €1.1m | €741,611 | €834,576 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €192,149 | €198,309 | €277,220 | €173,323 | €185,941 | ▲ 7.3% |
| Other operating charges640/8 | - | €31,981 | €23,225 | €25,762 | €25,350 | ▼ 1.6% |
| Non-recurring operating charges66A | - | €457 | €0 | - | - | - |
| Operating profit (loss)9901 | €301,039 | €146,383 | €110,237 | €131,578 | €105,980 | ▼ 19.5% |
| Financial income75/76B | - | €13,434 | €29,105 | €8,780 | €6,565 | ▼ 25.2% |
| Recurring financial income75 | €11,618 | €13,434 | €29,105 | €8,780 | €6,565 | ▼ 25.2% |
| Income from current assets751 | - | €13,037 | €29,079 | €8,720 | €6,552 | ▼ 24.9% |
| Other financial income752/9 | - | €396 | €26 | €60 | €13 | ▼ 79.1% |
| Financial charges65/66B | - | €24,334 | €50,135 | €44,898 | €38,064 | ▼ 15.2% |
| Recurring financial charges65 | €22,731 | €24,334 | €50,135 | €44,898 | €38,064 | ▼ 15.2% |
| Debt charges650 | €20,754 | €22,475 | €48,458 | €43,525 | €34,751 | ▼ 20.2% |
| Other financial charges652/9 | - | €1,859 | €1,676 | €1,373 | €3,313 | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €289,926 | €135,483 | €89,207 | €95,460 | €74,481 | ▼ 22.0% |
| Income taxes67/77 | €55,084 | €41,465 | €30,566 | €31,208 | €25,688 | ▼ 17.7% |
| Taxes670/3 | - | €42,723 | €30,566 | €31,208 | €25,688 | ▼ 17.7% |
| Tax adjustments and reversals of tax provisions77 | - | €1,259 | €0 | - | - | - |
| Profit (loss) for the period9904 | €234,842 | €94,018 | €58,641 | €64,252 | €48,793 | ▼ 24.1% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €241,028 | €94,018 | €58,641 | €64,252 | €48,793 | ▼ 24.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €3.8m | €3.3m | €3.2m | €3.5m | ▲ 10.2% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €1.0m | €972,030 | ▼ 6.4% |
| Intangible fixed assets21 | €109,265 | €107,761 | €192,672 | €262,869 | €277,625 | ▲ 5.6% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €876,042 | €763,934 | €682,626 | ▼ 10.6% |
| Land and buildings22 | - | €626,645 | €560,043 | €506,806 | €453,570 | ▼ 10.5% |
| Plant, machinery and equipment23 | - | €301,886 | €224,394 | €203,449 | €211,279 | ▲ 3.8% |
| Furniture and vehicles24 | - | €27,775 | €17,923 | €8,863 | €1,828 | ▼ 79.4% |
| Leasing and similar rights25 | - | €130,129 | €73,681 | €44,815 | €15,950 | ▼ 64.4% |
| Financial fixed assets28 | €11,780 | €11,780 | €11,780 | €11,780 | €11,780 | = |
| Affiliated companies280/1 | - | €11,780 | €11,780 | €11,780 | €11,780 | = |
| Participating interests280 | - | €11,780 | €11,780 | €11,780 | €11,780 | = |
| Current assets29/58 | €3.4m | €2.6m | €2.2m | €2.2m | €2.6m | ▲ 18.1% |
| Amounts receivable after more than one year29 | - | €238,667 | €284,027 | €322,693 | €333,620 | ▲ 3.4% |
| Other amounts receivable291 | - | €238,667 | €284,027 | €322,693 | €333,620 | ▲ 3.4% |
| Stocks and contracts in progress3 | €156,503 | €168,853 | €129,851 | €155,874 | €123,656 | ▼ 20.7% |
| Stocks30/36 | - | €168,853 | €129,851 | €155,874 | €123,656 | ▼ 20.7% |
| Raw materials and consumables30/31 | - | €99,950 | €82,587 | €77,926 | €73,384 | ▼ 5.8% |
| Goods purchased for resale34 | - | €68,903 | €47,264 | €77,948 | €50,272 | ▼ 35.5% |
| Amounts receivable within one year40/41 | €3.0m | €2.1m | €1.7m | €1.6m | €2.0m | ▲ 21.0% |
| Trade receivables40 | - | €1.6m | €1.2m | €1.2m | €1.1m | ▼ 9.6% |
| Other amounts receivable41 | - | €554,359 | €417,022 | €404,314 | €870,169 | ▲ 115% |
| Cash at bank and in hand54/58 | €64,722 | €81,325 | €74,702 | €24,473 | €71,718 | ▲ 193% |
| Deferred charges and accrued income490/1 | - | €10,288 | €44,964 | €11,778 | €31,608 | ▲ 168% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €3.8m | €3.3m | €3.2m | €3.5m | ▲ 10.2% |
| Equity10/15 | €454,503 | €518,521 | €547,162 | €611,413 | €660,206 | ▲ 8.0% |
| Contributions10/11 | - | €92,830 | €92,830 | €92,830 | €92,830 | = |
| Reserves13 | €361,673 | €425,691 | €454,332 | €518,583 | €567,376 | ▲ 9.4% |
| Distributable reserves133 | - | €425,691 | €454,332 | €518,583 | €567,376 | ▲ 9.4% |
| Amounts payable17/49 | €4.1m | €3.3m | €2.7m | €2.6m | €2.9m | ▲ 10.7% |
| Amounts payable after more than one year17 | €878,065 | €812,693 | €802,682 | €628,956 | €566,944 | ▼ 9.9% |
| Financial debts170/4 | - | €812,693 | €802,682 | €628,956 | €566,944 | ▼ 9.9% |
| Subordinated loans170 | - | €640,000 | €640,000 | €540,000 | €540,000 | = |
| Leasing and similar obligations172 | - | €90,360 | €46,698 | €17,027 | €0 | ▼ 100% |
| Credit institutions173 | - | €82,334 | €115,984 | €71,929 | €26,944 | ▼ 62.5% |
| Amounts payable within one year42/48 | €3.3m | €2.5m | €1.9m | €2.0m | €2.3m | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | - | €65,371 | €72,378 | €73,726 | €62,012 | ▼ 15.9% |
| Financial debts43 | - | €253,250 | €528,731 | €529,589 | €529,518 | = |
| Credit institutions430/8 | - | €253,250 | €528,731 | €529,589 | €529,518 | = |
| Trade debts44 | €2.6m | €1.9m | €1.1m | €1.1m | €1.5m | ▲ 33.2% |
| Suppliers440/4 | - | €1.9m | €1.1m | €1.1m | €1.5m | ▲ 33.2% |
| Taxes, remuneration and social security45 | - | €98,514 | €111,226 | €131,729 | €100,600 | ▼ 23.6% |
| Taxes450/3 | - | €47,186 | €45,746 | €57,571 | €26,385 | ▼ 54.2% |
| Remuneration and social security454/9 | - | €51,327 | €65,479 | €74,158 | €74,215 | ▲ 0.1% |
| Other amounts payable47/48 | - | €206,173 | €105,178 | €122,558 | €138,395 | ▲ 12.9% |
| Accrued charges and deferred income492/3 | - | €0 | - | €315 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €234,842 | €94,018 | €58,641 | €64,252 | €48,793 | ▼ 24.1% |
| + Depreciation and write-downs630 | €192,149 | €198,309 | €277,220 | €173,323 | €185,941 | ▲ 7.3% |
| Operating cash flow (approximation) | €426,991 | €292,327 | €335,860 | €237,575 | €234,734 | ▼ 1.2% |
| Investment in fixed assets (approximation) | - | -€181,915 | -€151,736 | -€131,413 | -€119,388 | ▲ 9.1% |
| Change in cash | - | €16,603 | -€6,623 | -€50,229 | €47,244 | ▲ 194% |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Equity above €500,000Eq €518,521 ▲14.1%
4 profitable years in a row build equity to €518,521.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €234,842 ▲347%
Operating result €301,039, net result €234,842, both a record.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2016
28-10
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 7 acts read
About the unread acts
We know of 7 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
7 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, Ingelmunster · 1 establishment unit since 2004
Ground area
1.5 ha
Building footprint
697 m²
Volume, LiDAR
4,193 m³
Parcel 36007B0963/00A003, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Muzzroom
since 20042.142.131.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0963/00A003 | Flanders | 1.5 ha | 1 · 697 m² | 6.8 m · 2 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 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the annual accounts to 30-09-2025 of MUZZROOM and those 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 2023 · 2 entries · 1,022 EUR awarded · 1,022 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 800 EUR | 800 EUR |
| 2022 | 1 | 222 EUR | 222 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteIngelmunster2.142.131.964
Similar companies · same sector, comparable size
KERDIGO
BE 0892.134.932
Tongeren-Borgloon · Eq €662,902
VDV - HERBS
BE 0479.171.981
Dilbeek · Eq €667,193
Christianen-Van Dyck
BE 0819.574.477
Hoogstraten · Eq €652,130
TIMCO FRUIT
BE 0478.779.627
Hasselt · Eq €668,449
Pleunis Biochamp
BE 0680.854.975
Kinrooi · Eq €651,232
Of 3,622 companies in sector 01130 we hold annual accounts for 788. 614 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
Founded12-10-2004
Fiscal year end30-09
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
46319Wholesale of fruit and vegetables, excluding potatoes
46851Wholesale of industrial chemicals
47210Retail sale of fruit and vegetables
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867783972
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.