Checked.be
Active
BE 0678.366.332Private limited company
MURAILLE - LENOIR
Rue du Buc 62 ·5530 Yvoir, Belgium· 9 yrs active
Sector: Installation of electric heating, air conditioning, cooling and ventilation
(43222)
Conclusion
MURAILLE - LENOIR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €204k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €104k |
| Net result | €204k |
| Better than sector | 26% |
| Active | 9 yrs |
Financial profile
81
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
100
Solvency
45
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
83
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€9k
estimate, not credit advice
Score history
93
2022
100
2023
94
2024
83
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.31 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.31 (≥ 1.0)
+5
Profitability
ROE 196% (≥ 10%)
+10
Interest coverage
Interest coverage 141.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~13.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.4% | 47.4% | |
| Net result | €204k | €10k | |
| Equity | €104k | €60k | |
| Gross operating margin | €279k | €39k | |
| Staff costs | €400 | €40k |
€277k
+135.8%
22-25
€204k
+139.6%
22-25
€213k
+132.4%
22-25
€410k
+55.5%
22-25
€104k
-8.8%
22-25
€88k
-13.4%
22-25
€400
-75.6%
22-25
€69k
+127.2%
22-25
€214k
+203.2%
22-25
€306k
+104.5%
22-25
€285k
+104.9%
22-25
€21k
+99.6%
22-25
1.31
-24.3%
22-25
1.31
-24.3%
22-25
25.4%
-41.4%
22-25
2.94
+124.4%
22-25
195.9%
+162.8%
22-25
49.7%
+54.1%
22-25
141.77
+41.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €277k | €118k | €55k | €29k |
| Net profit | €204k | €85k | €32k | €14k |
| Cash flow | €213k | €91k | €42k | €21k |
| Staff costs | €400 | €2k | - | - |
| Income taxes | €69k | €30k | €16k | €12k |
| Dividends | €214k | €71k | - | - |
| Total assets | €410k | €264k | €136k | €99k |
| Equity | €104k | €114k | €100k | €68k |
| Debt | €306k | €150k | €37k | €31k |
| of which ≤ 1y | €285k | €139k | €22k | €29k |
| of which > 1y | €21k | €11k | €14k | €2k |
| Working capital | €88k | €101k | €88k | €62k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.31 | 1.73 | 4.94 | 3.11 |
| Quick ratio | 1.31 | 1.73 | 4.94 | 3.11 |
| Working capital ratio | 21.3% | 38.3% | 64.3% | 63.0% |
| Solvency | 25.4% | 43.3% | 73.1% | 68.6% |
| Debt / equity | 2.94 | 1.31 | 0.37 | 0.46 |
| Long-term debt ratio | 0.20 | 0.09 | 0.15 | 0.02 |
| Interest coverage | 141.77 | 100.48 | 62.39 | 131.53 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 49.7% | 32.3% | 23.3% | 14.2% |
| ROE | 195.9% | 74.5% | 31.9% | 20.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €410k | €264k | €136k | €99k |
| Fixed assets | 21/28 | €38k | €24k | €26k | €7k |
| Tangible fixed assets | 22/27 | €38k | €24k | €26k | €7k |
| Current assets | 29/58 | €372k | €240k | €110k | €92k |
| Amounts receivable within one year | 40/41 | €126k | €81k | €35k | €32k |
| Cash & bank | 54/58 | €246k | €158k | €74k | €59k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €410k | €264k | €136k | €99k |
| Equity | 10/15 | €104k | €114k | €100k | €68k |
| Contributions / capital | 10/11 | €500 | €500 | €500 | €500 |
| Reserves | 13 | €32k | €46k | €46k | €14k |
| Accumulated profits (losses) | 14 | €72k | €68k | €53k | €53k |
| Amounts payable | 17/49 | €306k | €150k | €37k | €31k |
| Amounts payable after one year | 17 | €21k | €11k | €14k | €2k |
| Amounts payable within one year | 42/48 | €285k | €139k | €22k | €29k |
| Trade debts payable within one year | 44 | €21k | €18k | €6k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €279k | €120k | €56k | €30k |
| Operating result | 9901 | €269k | €111k | €45k | €22k |
| Financial income | 75 | €6k | €5k | €3k | €3k |
| Financial charges | 65 | €2k | €1k | €884 | €223 |
| Result before taxes | 9903 | €273k | €116k | €48k | €26k |
| Income taxes | 67/77 | €69k | €30k | €16k | €12k |
| Net result for the period | 9904 | €204k | €85k | €32k | €14k |
| Result to be appropriated | 9905 | €204k | €85k | €32k | €14k |
Legal Structure
| NACE primary | Installation of electric heating, air conditioning, cooling and ventilation(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 07-07-2017 |
| Status | Active |
| Postal code | 5530 |
Establishment units
MURAILLE - LENOIR
since 20172.273.980.304
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91382D0016/00R002 | Wallonia | 3,348 m² | 1 · 108 m² | 8.9 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Highest result since 2022net €204k ▲140%
Operating result €269k, net result €204k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Equity above €100kEq €114k ▲14.6%
3 profitable years in a row build equity to €114k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Installation of electric heating, air conditioning, cooling and ventilation43222
Names & trade names
| Legal nameFR | MURAILLE - LENOIR |
Similar companies
TRISAN
BE 0731.634.178 · Opwijk
JOPRIMA SRL
BE 0790.559.403 · Amay
Stroobants Verwarming
BE 0844.413.704 · Antwerpen
Limburgs Klimatiseringsbedrijf
BE 0401.324.137 · Zonhoven
Pro-Thermic
BE 0764.758.985 · Charleroi