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VAN MULLEM en Zonen

Active
Private limited companyfounded 1966active for 59 yearsIndustriepark 18, 3300 Tienen, BelgiumKBO/BCE: BE 0400.984.538
Summary

VAN MULLEM en Zonen has been active since 1966 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €247,725, of which €1.0m non-recurring income. Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 28% of 1,081 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 31-12-1966 Normal situation
Activity
Non-scheduled passenger transport by road NACE 49320and 3 others
Joint committees
140.01 Paritair Subcomité voor de autobussen en autocars
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment units
2.000.429.020 3300 Tienen, since 01-01-1967
2.367.228.481 3370 Boutersem, since 13-12-2024and 3 others
Financial year end
31 December
Peppol
Reachable since 05-01-2026

Board and ownership

Board
  • GROEP S.P.V.Director · since 20-12-2023 · permanent representative VAN PEE Johannes
  • TIMUCOLDirector · since 31-01-2024 · permanent representative VAN MULLEM Olivier
Shareholders

Financial position

83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Turnover
€21.1m
▲ 39.2%
Profit
€247,725
▼ 71.6%
Equity
€3.1m
▲ 8.6%
Total assets
€14.5m
▲ 14.8%
Employees on 31-12-2025
252
▲ 142%
  • 2025 accounts filed 26 days after the deadline
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)Equity €3.1m (21.6% of total assets)lowers riskLiquidity: current ratio 0.54, cash €2.4mFounded in 1966Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of medium-sized companies in land transport (NACE 49)
Financial strength · tick: 2024
Average
Solvency 47-1
equity 21.6% of total assets
Liquidity 38+3
short-term debt 62.9% · cash 16.5%
Profitability 64-12
return on assets 1.7%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (275 companies, NACE 49, medium-sized)
Last 24 months 12-2024: 1.5% 01-2025: 1.8%▲ +0.3 percentage points vs 12-2024 02-2025: 1.7%▼ -0.1 percentage points vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.8%▲ +0.1 percentage points vs 05-2025 07-2025: 2.0%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -1.7 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.4%▼ -0.3 percentage points vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €250,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.54 (0.55 in 2024), below 1. Short-term debt is 62.9% and cash 16.5% of total assets. 78.4% of the assets are financed with debt and provisions.
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 49, medium-sized). It does better than 35% of them on solvency, 52% on liquidity, 42% on profitability and 77% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Equity €3.1m (21.6% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.54, cash €2.4m
NBB · annual accounts
lowers risk · Founded in 1966
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.1m
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
26 days late
2024
20 days early
2023
5 days early
2022
24 days early
2021
31 days late
2020
2 days early
2019
60 days late
← 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 9 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in Tienen, Transport and storage sectorin the Checked rankings No. 1 View
  • Positive: More staff in 2025from 98.7 FTE to 163.4 FTE ▲ 65.6% View
  • Positive: 4 years of growth in a rowturnover 2025: €21.1m 4 years View
  • Flemish supportawarded from 2022 to 2025 €142,104 View

Recent changes

  1. · Gazette deed Appointment: Foederer DFK Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Pascal Daelemans and Olivier Van Mullem
  2. · Gazette deed Change of role: TIMUCOL, from manager to directorResignations: VAN PEE PROFESSIONAL SERVICES (manager) and statutaire zaakvoerder (statutory manager) · Appointment: GROEP S.P.V. (director) · Permanent representatives: VAN MULLEM Olivier and VAN PEE Johannes
  3. · Gazette deed Resignation: Autobussen P. Van Mullem BV (director)Permanent representative: Olivier Van Mullem
All 18 events

Comparable companies

These companies have the same main activity as VAN MULLEM en Zonen: non-scheduled passenger transport by road (NACE 49320). They are comparable in size and age: total assets between €17m and €46m, founded between 1962 and 1980.

CompanyTotal assetsTurnover
VAN MULLEM en Zonen Tienen€14.5m€21.1m
Autocars De Polder Antwerpen€17.3m€25.0m
Waaslandia Autobussen Beveren-Kruibeke-Zwijndrecht€17.8m€18.6m
INTRATOURS Londerzeel€31.4m€20.8m
Autobus Kruger Lier€26.4m€24.0m
GINO - TOURS Jabbeke€27.4m€22.8m
A. De Voeght en Cie Kampenhout€46.3m€19.1m
Full comparison

Key facts about VAN MULLEM en Zonen

What is the company number of VAN MULLEM en Zonen?
The company number of VAN MULLEM en Zonen is 0400.984.538. The VAT number is the same number with BE in front: BE 0400.984.538.
Where is VAN MULLEM en Zonen based?
The registered office is at Industriepark 18, 3300 Tienen.Company details
What does VAN MULLEM en Zonen do?
According to the KBO register, the main activity is non-scheduled passenger transport by road (NACE 49320).
What is the legal form of VAN MULLEM en Zonen?
The legal form of VAN MULLEM en Zonen is Private limited company (BV).
When was VAN MULLEM en Zonen founded?
VAN MULLEM en Zonen was founded on 31-12-1966.
Is VAN MULLEM en Zonen still active?
Yes, VAN MULLEM en Zonen is an active enterprise in the KBO register.
How many employees does VAN MULLEM en Zonen have?
VAN MULLEM en Zonen had an average of 163.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VAN MULLEM en Zonen fall under?
In its 2025 annual accounts, VAN MULLEM en Zonen states joint committees 140.01 (Paritair Subcomité voor de autobussen en autocars) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of VAN MULLEM en Zonen?
The turnover of VAN MULLEM en Zonen was €21.1m in financial year 2025, according to the filed annual accounts.
Is VAN MULLEM en Zonen profitable?
In financial year 2025, VAN MULLEM en Zonen made a profit of €247,725.
Where can I find the annual accounts of VAN MULLEM en Zonen?
VAN MULLEM en Zonen filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VAN MULLEM en Zonen due?
VAN MULLEM en Zonen must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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