MOUREAU DISTRIBUTION
ActiveSummary
MOUREAU DISTRIBUTION has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360k and a net result of €69k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency39▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.1 in 2024; short-term debt: 85.8% and cash: 15.6% of total assets), and 85.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 31-10-2025, 61 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
2026
not confirmed
2025
61 d late
2024
30 d late
2023
30 d late
2022
15 d early
2021
21 d early
2020
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€69k▼ 18.1%
2024 · €85k
2019: €44k
2020: €124k
2021: €97k
2022: €-93k
2023: €201k
2024: €85k
2019 → 2025
Working capital
€291k▲ 50.6%
2024 · €193k
2019: €332k
2020: €95k
2021: €98k
2022: €-17k
2023: €141k
2024: €193k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€59k▼ 61.4%€248k▲ 322%€291k▲ 17.5%€360k▲ 23.8%
Operating result€133k-€-83k€239k€117k▼ 51.1%€86k▼ 26.7%
Net result€97k-€-93k€201k€85k▼ 58.0%€69k▼ 18.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.54M
Fixed assets
€70k ▼ 28.9%
Current assets
€2.47M ▲ 17.2%
Equity and liabilities €2.54M
Equity
€360k ▲ 23.8%
Debt
€2.18M ▲ 13.9%
Debt's share of the balance-sheet total falls from 86.8% to 85.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€119k▼
2024 · €169k
Cash flow
€103k▼
2024 · €136k
Current ratio
1.13▲
2024 · 1.10
Quick ratio
0.88▼
2024 · 0.91
Debt to equity
6.05▼
2024 · 6.58
ROE
19.2%▼
2024 · 29.1%
ROA
2.7%▼
2024 · 3.8%
Interest coverage
168.90▼
2024 · 246.98
Debt ≤ 1 year
€2.18M▲
2024 · €1.92M
Income taxes
€31k▼
2024 · €35k
Staff costs
€522k▼
2024 · €541k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.21M€2.54M▲
Fixed assets21/28€98k€70k▼
Tangible fixed assets22/27€98k€70k▼
Plant, machinery and equipment23€82k€58k▼
Furniture and vehicles24€16k€12k▼
Current assets29/58€2.11M€2.47M▲
Stocks and contracts in progress3€366k€556k▲
Stocks30/36€366k€556k▲
Amounts receivable within one year40/41€643k€716k▲
Trade receivables40€438k€366k▼
Other amounts receivable41€205k€350k▲
Current investments50/53€803k€804k▲
Cash at bank and in hand54/58€297k€396k▲
Equity and liabilities
Total equity and liabilities10/49€2.21M€2.54M▲
Equity10/15€291k€360k▲
Contributions10/11€6k€6k=
Reserves13€265k€335k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€245k€314k▲
Profit (loss) carried forward14€19k€19k=
Amounts payable17/49€1.92M€2.18M▲
Amounts payable within one year42/48€1.92M€2.18M▲
Trade debts44€1.82M€1.98M▲
Suppliers440/4€1.82M€1.98M▲
Taxes, remuneration and social security45€55k€72k▲
Taxes450/3€7k€3k▼
Remuneration and social security454/9€48k€69k▲
Other amounts payable47/48€41k€129k▲
Income statement
Code20242025
Remuneration, social security and pensions62€541k€522k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€33k▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€717k€646k▼
Operating profit (loss)9901€117k€86k▼
Financial income75/76B€3k€16k▲
Recurring financial income75€3k€16k▲
Financial charges65/66B€683€705▲
Recurring financial charges65€683€705▲
Profit (loss) for the period before taxes9903€119k€101k▼
Income taxes67/77€35k€31k▼
Profit (loss) for the period9904€85k€69k▼
Profit (loss) for the period to be appropriated9905€85k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€89k▼
Profit (loss) brought forward from the previous period14P€19k€19k=
Transfer to equity691/2€43k€69k▲
To other reserves6921€43k€69k▲
Profit to be distributed694/7€41k-
Return on contributions (dividend)694€41k-
Social balance
Average headcount (FTE)908710.0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
31-01
Financial
Back to profitnet €201k
Net result €201k after one loss-making year.
31-01
Financial
Equity above €200kEq €248k ▲322%
Equity rises from €59k to €248k.
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-01
Financial
Weakest financial yearnet €-93k ▼196%
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-01
Financial
Equity above €150kEq €152k ▲6.7%
3 profitable years in a row build equity to €152k.
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
15-07
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.
Directors · office · real estate
Directors
3 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, Waremme · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Emile Hallet 144300 WaremmeGround area
814 m²
Building footprint
286 m²
Volume, LiDAR
3,314 m³
Parcel 64074C0891/00M008, Wallonia · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Moureau Distribution
since 20042.138.766.262
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0891/00M008indicative | Wallonia | 814 m² | 1 · 286 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaremme2.138.766.262
Similar companies · same sector, comparable size
BRASSERIE DE WATERLOO
BE 0839.809.964
Waterloo · Eq €359k
MOSSIAT PERE ET FILS
BE 0892.005.664
Ramillies · Eq €357k
Charlier Drinks
BE 0743.927.147
Overijse · Eq €364k
Depot Dorst
BE 0668.798.865
Oud-Heverlee · Eq €365k
M.D.K. en Co
BE 0457.175.945
Zaventem · Eq €355k
Of 1,581 companies in sector 46349 we hold annual accounts for 987. 699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2004
Fiscal year end31-01
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
68203Renting and operating of own or leased non-residential real estate, excluding land
77223Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.