MULLER
Open bankruptcyA bankruptcy procedure is open for MULLER according to publications in the Belgian State Gazette; curator: MARK BRUURS.
Summary
The 2024 annual accounts show equity of €1.11M and a net result of €2.39M.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
37 d late
2022
206 d late
2021
16 d late
2020
2 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€5.13M▼ 47.8%
2022 · €9.82M
2018: €13.76M
2019: €13.41M
2020: €13.52M
2021: €13.15M
2022: €9.82M
2018 → 2023
EBIT margin
-39.6%▼ 38.1pp
2022 · -1.5%
2018: 3.1%
2019: 3.9%
2020: 4.2%
2021: 5.2%
2022: -1.5%
2018 → 2023
Net result
€2.39M
2023 · €-2.31M
2018: €-60k
2019: €35k
2020: €27k
2021: €116k
2022: €-625k
2023: €-2.31M
2018 → 2024
Working capital
€1.02M
2023 · €-2.92M
2018: €-76k
2019: €-261k
2020: €-124k
2021: €-373k
2022: €-740k
2023: €-2.92M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€13.52M-€13.15M▼ 2.7%€9.82M▼ 25.3%€5.13M▼ 47.8%
Equity€2.84M-€2.78M▼ 2.2%€2.70M▼ 2.7%€394k▼ 85.4%€1.11M▲ 183%
Operating result€569k-€681k▲ 19.8%€-147k€-2.03M▼ 1,282%€2.77M
Net result€27k-€116k▲ 328%€-625k€-2.31M▼ 269%€2.39M
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2.77M after a loss of €2.03M in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.41M
Fixed assets
€96k ▼ 97.2%
Current assets
€2.32M ▼ 39.0%
Equity and liabilities €2.41M
Equity
€1.11M ▲ 183%
Debt
€1.30M ▼ 80.9%
Debt's share of the balance-sheet total falls from 94.5% to 53.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.87M▲
2023 · €-1.81M
Cash flow
€2.49M▲
2023 · €-2.08M
Current ratio
1.79▲
2023 · 0.57
Debt to equity
1.17▼
2023 · 17.32
ROE
214.2%▲
2023 · -586.1%
ROA
98.9%▲
2023 · -32.0%
Interest coverage
26.71▲
2023 · -7.19
Debt ≤ 1 year
€1.29M▼
2023 · €6.72M
Debt > 1 year
€4k▼
2023 · €59k
Income taxes
€282k▲
2023 · €14k
Staff costs
€920k▼
2023 · €1.46M
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 · 2024 against 2023 · 87 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.21M€2.41M▼
Fixed assets21/28€3.41M€96k▼
Intangible fixed assets21€118k€49k▼
Tangible fixed assets22/27€3.30M€47k▼
Land and buildings22€3.22M€0▼
Plant, machinery and equipment23€38k€29k▼
Furniture and vehicles24€17k€14k▼
Leasing and similar rights25€11k€4k▼
Other tangible fixed assets26€12k€33▼
Financial fixed assets28€40€40=
Other financial fixed assets284/8€40-
Amounts receivable and cash guarantees285/8€40-
Current assets29/58€3.80M€2.32M▼
Amounts receivable after more than one year29€62k€60k▼
Other amounts receivable291€62k€60k▼
Stocks and contracts in progress3€1.06M€0▼
Stocks30/36€1.06M€0▼
Goods purchased for resale34€1.06M-
Amounts receivable within one year40/41€2.12M€1.72M▼
Trade receivables40€561k€67k▼
Other amounts receivable41€1.56M€1.65M▲
Current investments50/53€525k€525k=
Own shares50€525k-
Cash at bank and in hand54/58€3k€10k▲
Deferred charges and accrued income490/1€30k€7k▼
Equity and liabilities
Total equity and liabilities10/49€7.21M€2.41M▼
Equity10/15€394k€1.11M▲
Contributions10/11€868k€868k=
Capital10€317k€317k=
Issued capital100€317k€317k=
Outside capital11€550k€550k=
Share premium1100/10€550k€550k=
Revaluation surpluses12€1.70M€0▼
Reserves13€754k€792k▲
Non-distributable reserves130/1€557k€557k=
Legal reserve130€32k€32k=
Own shares acquired1312€525k€525k=
Distributable reserves133€197k€235k▲
Profit (loss) carried forward14€-2.93M€-545k▲
Amounts payable17/49€6.82M€1.30M▼
Amounts payable after more than one year17€59k€4k▼
Financial debts170/4€59k€4k▼
Leasing and similar obligations172€9k-
Credit institutions173€50k-
Amounts payable within one year42/48€6.72M€1.29M▼
Current portion of amounts payable after more than one year42€106k€15k▼
Financial debts43€4.48M€40k▼
Credit institutions430/8€4.48M€40k▼
Trade debts44€1.36M€640k▼
Suppliers440/4€1.36M€640k▼
Taxes, remuneration and social security45€776k€561k▼
Taxes450/3€420k€407k▼
Remuneration and social security454/9€356k€153k▼
Other amounts payable47/48-€40k
Accrued charges and deferred income492/3€42k€0▼
Income statement
Code20232024
Operating income70/76A€5.45M-
Turnover70€5.13M-
Other operating income74€320k-
Non-recurring operating income76A€3k€4.75M▲
Operating charges60/66A€7.49M-
Goods for resale, raw materials and consumables60€4.31M-
Purchases600/8€2.39M-
Change in stocks: decrease (increase)609€1.91M-
Services and other goods61€1.12M-
Remuneration, social security and pensions62€1.46M€920k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€224k€100k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€277k€0▼
Other operating charges640/8€60k€64k▲
Non-recurring operating charges66A€39k€5k▼
Gross operating margin9900-€3.86M
Operating profit (loss)9901€-2.03M€2.77M▲
Financial income75/76B€88k€5k▼
Recurring financial income75€88k€5k▼
Income from current assets751€74k-
Other financial income752/9€14k-
Financial charges65/66B€348k€108k▼
Recurring financial charges65€348k€108k▼
Debt charges650€252k-
Other financial charges652/9€97k-
Profit (loss) for the period before taxes9903€-2.29M€2.67M▲
Income taxes67/77€14k€282k▲
Taxes670/3€14k-
Profit (loss) for the period9904€-2.31M€2.39M▲
Profit (loss) for the period to be appropriated9905€-2.31M€2.39M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.93M€-545k▲
Profit (loss) brought forward from the previous period14P€-625k€-2.93M▼
Social balance
Average headcount (FTE)908721.68.6▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · MULLER NV INDUS- TRIEWEG 19, 2320 HOOGSTRATEN · event 21-10-2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €2.39M
Net result €2.39M after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.79
Current ratio from 0.57 to 1.79; short-term debt falls from €6.72M to €1.29M.
31-12
Financial
Equity above €1MEq €1.11M ▲183%
Equity rises from €394k to €1.11M.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 37 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 206 days late
2023
31-12
Financial
Weakest financial yearnet €-2.31M
Net result drops to €-2.31M, the lowest in the series.
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Hoogstraten · 1 establishment unit since 1999
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.
Industrieweg 192320 HoogstratenGround area
1.9 ha
Building footprint
6,956 m²
Volume, LiDAR
52,325 m³
Parcel 13014F0034/00C002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industrieweg 19., 2320 Hoogstraten
since 19992.066.587.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014F0034/00C002 | Flanders | 1.9 ha | 1 · 6,956 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARK BRUURS ALPHENSEWEG 12, 2387 BAARLE-
HERTOG |
21-10-2025 → present |
Recognitions · licences · registrations
Legal Entity Identifier
549300MOP0K09RODTO48
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Of 679 companies in sector 46494 we hold annual accounts for 530. 369 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 formPublic limited company
Founded24-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
46441Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.