MURWIN
ActiveSummary
MURWIN has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €48k. Equity is growing by ~43.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 6.57 against 5.03 in 2024; short-term debt: 15.2% and cash: 92.2% of total assets), and 15.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
84.8%
Return on assets
26%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
71 d early
2024
84 d early
2023
68 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€158k▲ 43.0%
2024 · €110k
2023: €62klowest in 3 years
2024: €110k▲ +79.3% vs 2023
2025: €158k▲ +43.0% vs 2024highest in 3 years
2023 → 2025
Total assets
€186k▲ 35.2%
2024 · €138k
2023: €91klowest in 3 years
2024: €138k▲ +51.5% vs 2023
2025: €186k▲ +35.2% vs 2024highest in 3 years
2023 → 2025
Net result
€48k▼ 2.6%
2024 · €50k
2023: €61khighest in 3 years
2024: €50k▼ -18.5% vs 2023
2025: €48k▼ -2.6% vs 2024lowest in 3 years
2023 → 2025
Working capital
€158k▲ 43.0%
2024 · €110k
2023: €62klowest in 3 years
2024: €110k▲ +79.3% vs 2023
2025: €158k▲ +43.0% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€62k-€110k▲ 79.3%€158k▲ 43.0%
2023: €62klowest in 3 years
2024: €110k▲ +79.3% vs 2023
2025: €158k▲ +43.0% vs 2024highest in 3 years
Operating result€84k-€68k▼ 18.4%€69k▲ 0.8%
2023: €84khighest in 3 years
2024: €68k▼ -18.4% vs 2023lowest in 3 years
2025: €69k▲ +0.8% vs 2024
Net result€61k-€50k▼ 18.5%€48k▼ 2.6%
2023: €61khighest in 3 years
2024: €50k▼ -18.5% vs 2023
2025: €48k▼ -2.6% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €186k
Equity
€158k ▲ 43.0%
Debt
€28k ▲ 3.4%
Debt's share of the balance-sheet total falls from 19.9% to 15.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
6.57▲
2024 · 5.03
Debt to equity
0.18▼
2024 · 0.25
ROE
30.6%▼
2024 · 44.9%
ROA
26.0%▼
2024 · 36.0%
Debt ≤ 1 year
€28k▲
2024 · €27k
Income taxes
€19k▼
2024 · €19k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€138k€186k▲
Current assets29/58€138k€186k▲
Amounts receivable within one year40/41€11k€14k▲
Trade receivables40€11k€14k▲
Other amounts receivable41€74-
Cash at bank and in hand54/58€127k€172k▲
Equity and liabilities
Total equity and liabilities10/49€138k€186k▲
Equity10/15€110k€158k▲
Contributions10/11€2k€2k=
Reserves13€109k€156k▲
Distributable reserves133€109k€156k▲
Amounts payable17/49€27k€28k▲
Amounts payable within one year42/48€27k€28k▲
Trade debts44€27€282▲
Suppliers440/4€27€282▲
Taxes, remuneration and social security45€27k€27k▲
Taxes450/3€25k€27k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€800€833▲
Income statement
Code20242025
Other operating charges640/8€118€520▲
Gross operating margin9900€69k€69k▲
Operating profit (loss)9901€68k€69k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€40€2k▲
Recurring financial charges65€40€2k▲
Profit (loss) for the period before taxes9903€68k€67k▼
Income taxes67/77€19k€19k▼
Profit (loss) for the period9904€50k€48k▼
Profit (loss) for the period to be appropriated9905€50k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€48k▼
Transfer to equity691/2€49k€47k▼
To other reserves6921€49k€47k▼
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €109 | €118 | €520 | ▲ 340% |
| Gross operating margin9900 | €84k | €69k | €69k | ▲ 1.3% |
| Operating profit (loss)9901 | €84k | €68k | €69k | ▲ 0.8% |
| Financial income75/76B | - | €1 | €0 | ▼ 96.0% |
| Recurring financial income75 | - | €1 | €0 | ▼ 96.0% |
| Financial charges65/66B | €43 | €40 | €2k | ▲ 4,890% |
| Recurring financial charges65 | €43 | €40 | €2k | ▲ 4,890% |
| Profit (loss) for the period before taxes9903 | €84k | €68k | €67k | ▼ 2.1% |
| Income taxes67/77 | €23k | €19k | €19k | ▼ 0.7% |
| Profit (loss) for the period9904 | €61k | €50k | €48k | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €61k | €50k | €48k | ▼ 2.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €91k | €138k | €186k | ▲ 35.2% |
| Current assets29/58 | €91k | €138k | €186k | ▲ 35.2% |
| Amounts receivable within one year40/41 | €10k | €11k | €14k | ▲ 29.6% |
| Trade receivables40 | €10k | €11k | €14k | ▲ 30.5% |
| Other amounts receivable41 | - | €74 | - | - |
| Cash at bank and in hand54/58 | €81k | €127k | €172k | ▲ 35.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €91k | €138k | €186k | ▲ 35.2% |
| Equity10/15 | €62k | €110k | €158k | ▲ 43.0% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €60k | €109k | €156k | ▲ 43.6% |
| Distributable reserves133 | €60k | €109k | €156k | ▲ 43.6% |
| Amounts payable17/49 | €29k | €27k | €28k | ▲ 3.4% |
| Amounts payable within one year42/48 | €29k | €27k | €28k | ▲ 3.4% |
| Trade debts44 | €165 | €27 | €282 | ▲ 955% |
| Suppliers440/4 | €165 | €27 | €282 | ▲ 955% |
| Taxes, remuneration and social security45 | €28k | €27k | €27k | ▲ 2.4% |
| Taxes450/3 | €28k | €25k | €27k | ▲ 9.3% |
| Remuneration and social security454/9 | - | €2k | - | - |
| Other amounts payable47/48 | €800 | €800 | €833 | ▲ 4.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €50k | €48k | ▼ 2.6% |
| Operating cash flow (approximation) | €61k | €50k | €48k | ▼ 2.6% |
| Change in cash | - | €45k | €45k | ▼ 0.3% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €48k ▼2.6%
Net result drops to €48k, the lowest in the series.
31-12
Financial
Equity above €150kEq €158k ▲43%
3 profitable years in a row build equity to €158k.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €110k ▲79.3%
2 profitable years in a row build equity to €110k.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Bornem · 1 establishment unit since 2022
Ground area
757 m²
Building footprint
188 m²
Volume, LiDAR
1,114 m³
Parcel 12015C0386/00D000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MURWIN
since 20222.337.975.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015C0386/00D000 | Flanders | 757 m² | 1 · 188 m² | 9.7 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.
Similar companies · same sector, comparable size
VIKTOR G.
BE 0449.537.491
Rumst · Eq €157,889
BRISOL
BE 0835.286.497
Kortrijk · Eq €157,894
Broeck Consult
BE 0762.463.154
Affligem · Eq €157,894
Knop Koen
BE 0684.538.403
Grimbergen · Eq €157,899
CITRA
BE 0801.878.412
Brussel · Eq €157,911
Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,760 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
Founded26-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
rik@muyshondt.comBornem
Phone
0475673293Bornem
Scores and ratios are computed by Checked and are not a credit decision.