MUSKA
The computed 12-month bankruptcy probability of MUSKA is 9.5% (elevated). The 2025 annual accounts show negative equity (€-296k) and a net result of €-2k. Equity is shrinking by ~26% per year across the filed fiscal years. Its solvency ranks better than 5% of 1432 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
| Equity | €-296k |
| Net result | €-2k |
| Better than sector | 5% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -366.2% | 23.5% | |
| Net result | €-2k | €7k | |
| Equity | €-296k | €25k | |
| Gross operating margin | €6k | €34k | |
| Staff costs | €812 | €42k |
Show 11 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €3k |
| Net profit | €-2k |
| Cash flow | €-1k |
| Staff costs | €812 |
| Income taxes | €570 |
| Dividends | - |
| Total assets | €81k |
| Equity | €-296k |
| Debt | €377k |
| of which ≤ 1y | €377k |
| of which > 1y | - |
| Working capital | €-297k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.21 |
| Quick ratio | 0.21 |
| Working capital ratio | -366.9% |
| Solvency | -366.2% |
| Debt / equity | -1.27 |
| Long-term debt ratio | - |
| Interest coverage | 0.77 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.6% |
| ROE | 0.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €81k |
| Fixed assets | 21/28 | €591 |
| Tangible fixed assets | 22/27 | €541 |
| Financial fixed assets | 28 | €50 |
| Current assets | 29/58 | €80k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €73k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €81k |
| Equity | 10/15 | €-296k |
| Contributions / capital | 10/11 | €15k |
| Accumulated profits (losses) | 14 | €-311k |
| Amounts payable | 17/49 | €377k |
| Amounts payable within one year | 42/48 | €377k |
| Trade debts payable within one year | 44 | €338k |
| Income statement | ||
| Gross operating margin | 9900 | €6k |
| Operating result | 9901 | €2k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-2k |
| Income taxes | 67/77 | €570 |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
Former directors (1)
-
Arkaya RukiyeDirectorState Gazette act 24034833 (27-02-2024)Former- → 31-01-2024
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 24-08-2021 |
| Status | Active |
| Postal code | 1910 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23008D0501/00K000 | Flanders | 596 m² | 1 · 192 m² | 3.6 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 08-08-2025 to 05-09-2025.
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-09-2025 Registered office moved from Haacht to Kampenhout
- Woeringstraat(TIL) 25-27, 3150 Haacht → Haachtsesteenweg 50, 1910 Kampenhout
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Haachtsesteenweg 50, 1910 Kampenhout",
"city": "Kampenhout",
"region": "vlaams_gewest",
"street": "Haachtsesteenweg",
"country": "BE",
"postcode": "1910",
"box_number": null,
"street_number": "50",
"locality_suffix": null
},
"old_address": {
"raw": "Woeringstraat(TIL) 25-27, 3150 Haacht",
"city": "Haacht",
"region": "vlaams_gewest",
"street": "Woeringstraat",
"country": "BE",
"postcode": "3150",
"box_number": null,
"street_number": "25-27",
"locality_suffix": "(TIL)"
},
"effective_date": "2025-07-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Leuven",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2025-08-27",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2025-07-01",
"unanimous": true
},
"subject_company": {
"kbo": "0772.805.631",
"name_full": "MUSKA",
"legal_form": "bv",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bassoy \u00DCm\u00FCt",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsh",
"025 - Annexes du Moniteur belge"
]
}27-02-2024 Arkaya Rukiye resigns as director
- Arkaya Rukiye, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Arkaya Rukiye",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-01-31",
"evidence_quote": "De Buitengewone Algemene Vergadering van 31 januari 2024 keurt met eenparigheid van stemmen het ontslag van onderstaande bestuurder goed en dankt deze voor haar bewezen diensten.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Leuven",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-27",
"filing_date": "2024-02-19",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-01-31",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0772.805.631",
"name_full": null,
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "\u00DCm\u00FCt Bassoy",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | MUSKA |
- 05-09-2025 Address strikeout annulled
- 08-08-2025 Address struck