MUVARPY
ActiveSummary
MUVARPY has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €249k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-11
Solvency89▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 1.93 in 2024; short-term debt: 30.5% and cash: 18.5% of total assets), and 35.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
64.4%
Return on assets
14.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.08M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
28 d early
2023
61 d late
2022
108 d late
2021
120 d late
2020
30 d late
2019
30 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€249k▼ 31.4%
2024 · €362k
2018: €-7k
2019: €-2k
2020: €91k
2021: €-133k
2022: €29k
2023: €283k
2024: €362k
2018 → 2025
Working capital
€688k▲ 24.8%
2024 · €551k
2018: €-36k
2019: €-48k
2020: €55k
2021: €-90k
2022: €-8k
2023: €172k
2024: €551k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€179k▲ 19.1%€462k▲ 158%€832k▲ 80.1%€1.08M▲ 29.8%
Operating result€-131k-€31k€327k▲ 964%€563k▲ 72.3%€357k▼ 36.5%
Net result€-133k-€29k€283k▲ 884%€362k▲ 28.2%€249k▼ 31.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.68M
Fixed assets
€478k ▲ 23.0%
Current assets
€1.20M ▲ 4.9%
Equity and liabilities €1.68M
Equity
€1.08M ▲ 29.8%
Provisions
€351 ▼ 11.1%
Debt
€597k ▼ 14.7%
Debt's share of the balance-sheet total falls from 45.7% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€428k▼
2024 · €619k
Cash flow
€320k▼
2024 · €418k
Current ratio
2.34▲
2024 · 1.93
Quick ratio
1.69▲
2024 · 1.38
Debt to equity
0.55▼
2024 · 0.84
ROE
23.0%▼
2024 · 43.6%
ROA
14.8%▼
2024 · 23.7%
Interest coverage
17.71▼
2024 · 22.65
Debt ≤ 1 year
€512k▼
2024 · €592k
Debt > 1 year
€85k▼
2024 · €107k
Income taxes
€111k▼
2024 · €174k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.53M€1.68M▲
Fixed assets21/28€389k€478k▲
Intangible fixed assets21€5k€2k▼
Tangible fixed assets22/27€383k€475k▲
Land and buildings22€237k€219k▼
Plant, machinery and equipment23€40k€177k▲
Furniture and vehicles24€107k€79k▼
Financial fixed assets28€225€225=
Current assets29/58€1.14M€1.20M▲
Stocks and contracts in progress3€323k€335k▲
Stocks30/36€323k€335k▲
Amounts receivable within one year40/41€45k€5k▼
Trade receivables40€39k€3k▼
Other amounts receivable41€6k€2k▼
Current investments50/53€498k€548k▲
Cash at bank and in hand54/58€276k€310k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.68M▲
Equity10/15€832k€1.08M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€762k€1.01M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€26k€26k=
Distributable reserves133€730k€979k▲
Investment grants15€8k€7k▼
Provisions and deferred taxes16€395€351▼
Deferred taxes168€395€351▼
Amounts payable17/49€700k€597k▼
Amounts payable after more than one year17€107k€85k▼
Financial debts170/4€107k€85k▼
Amounts payable within one year42/48€592k€512k▼
Current portion of amounts payable after more than one year42€22k€22k=
Trade debts44€115k€74k▼
Suppliers440/4€115k€74k▼
Taxes, remuneration and social security45€107k€111k▲
Taxes450/3€107k€111k▲
Other amounts payable47/48€348k€305k▼
Accrued charges and deferred income492/3-€256
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€71k▲
Other operating charges640/8€8k€8k▲
Gross operating margin9900€626k€436k▼
Operating profit (loss)9901€563k€357k▼
Financial income75/76B€1k€27k▲
Recurring financial income75€1k€27k▲
Financial charges65/66B€27k€24k▼
Recurring financial charges65€27k€24k▼
Profit (loss) for the period before taxes9903€536k€360k▼
Transfer from deferred taxes780€44€44=
Income taxes67/77€174k€111k▼
Profit (loss) for the period9904€362k€249k▼
Profit (loss) for the period to be appropriated9905€362k€249k▼
Appropriation of the result
Profit (loss) to be appropriated9906€362k€249k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€362k€249k▼
To other reserves6921€362k€249k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Equity above €1MEq €1.08M ▲29.8%
4 profitable years in a row build equity to €1.08M.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €362k ▲28.2%
Operating result €563k, net result €362k, both a record.
31-12
Financial
Equity above €500kEq €832k ▲80.1%
3 profitable years in a row build equity to €832k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €200kEq €462k ▲158%
2 profitable years in a row build equity to €462k.
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 108 days late
2022
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial
Weakest financial yearnet €-133k ▼245%
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Show earlier events
2020
31-08
Financial
Back to profitnet €91k
Net result €91k after 2 loss-making years.
31-08
Financial
Equity above €200kEq €283k ▲47.7%
Equity rises from €192k to €283k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Staden · 2 establishment units since 2002
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.
Sprietstraat(WRB) 68840 StadenGround area
1.2 ha
Building footprint
347 m²
Volume, LiDAR
1,737 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MUVARPY
since 20022.101.626.843
Kattestraat(WRB) 39, 8840 Staden
since 20232.341.416.088
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36020A0511/00L000 | Flanders | 7,264 m² | 1 · 172 m² | 7.2 m · 2 fl. |
| 36020C0484/00H000 | Flanders | 5,037 m² | 1 · 174 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 21,644 EUR awarded · 21,644 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 778 EUR | 778 EUR |
| 2024 | 1 | 20,866 EUR | 20,866 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Subsidie in het kader van de Kennisportefeuille
Recognitions · licences · registrations
Food safety, FASFC
2 sitesStaden2.101.626.843
Staden2.341.416.088
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Of 902 companies in sector 01461 we hold annual accounts for 295. 230 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
Founded11-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.