MuZo
ActiveMuZo has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €25k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 71% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+19
Solvency76=
Growth61▲+23
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.93 in 2024; short-term debt: 48.8% and cash: 7.4% of total assets), and 48.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
51.2%
Return on assets
9.6%
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
18202122232425
2018 to 2025 · latest year €136k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
2 d early
2023
61 d late
2022
30 d late
2021
76 d late
2020
86 d late
2018
27 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€457k▲ 39.5%
2024 · €328k
2018: €517k
2020: €54k
2021: €22k
2022: €211k
2023: €403k
2024: €328k
2018 → 2025
EBIT margin
8.9%▲ 10.5pp
2024 · -1.6%
2018: 2.5%
2020: 3.9%
2021: -35.2%
2022: 2.4%
2023: 1.5%
2024: -1.6%
2018 → 2025
Net result
€25k
2024 · €-9k
2018: €6k
2020: €-3k
2021: €-9k
2022: €3k
2023: €5k
2024: €-9k
2018 → 2025
Working capital
€129k▲ 32.7%
2024 · €97k
2018: €102k
2020: €67k
2021: €103k
2022: €102k
2023: €105k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€22k-€211k▲ 841%€403k▲ 91.5%€328k▼ 18.7%€457k▲ 39.5%
Equity€111k-€115k▲ 2.9%€119k▲ 4.0%€110k▼ 7.3%€136k▲ 22.9%
Operating result€-8k-€5k€6k▲ 25.8%€-5k€41k
Net result€-9k-€3k€5k▲ 40.0%€-9k€25k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €41k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265k
Fixed assets
€7k▼ 50.0%
Current assets
€258k▲ 27.9%
Equity and liabilities €265k
Equity
€136k▲ 22.9%
Debt
€129k▲ 23.4%
The debt ratio rises from 48.7% to 48.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €16k
Cash flow
€32k▲
2024 · €12k
Solvency
51.2%▼
2024 · 51.3%
Current ratio
2.00▲
2024 · 1.93
Quick ratio
1.96▲
2024 · 1.75
Debt / equity
0.95▲
2024 · 0.95
ROE
18.7%▲
2024 · -7.9%
ROA
9.6%▲
2024 · -4.0%
Interest coverage
9.06▼
2024 · 14.30
Debt
€129k▲
2024 · €105k
Debt ≤ 1 year
€129k▲
2024 · €105k
Income taxes
€14k▲
2024 · €2k
Staff costs
€130k▲
2024 · €97k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€215k€265k▲
Fixed assets21/28€13k€7k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€13k€7k▼
Plant, machinery and equipment23€13k€7k▼
Current assets29/58€202k€258k▲
Stocks and contracts in progress3€19k€6k▼
Stocks30/36€19k€6k▼
Amounts receivable within one year40/41€0€2k▲
Trade receivables40€0€2k▲
Current investments50/53€160k€230k▲
Cash at bank and in hand54/58€24k€20k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€215k€265k▲
Equity10/15€110k€136k▲
Contributions10/11€25k€25k=
Capital10€25k€25k=
Issued capital100€25k€25k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€83k€108k▲
Amounts payable17/49€105k€129k▲
Amounts payable within one year42/48€105k€129k▲
Trade debts44€3k€13k▲
Suppliers440/4€3k€13k▲
Taxes, remuneration and social security45€28k€59k▲
Taxes450/3€20k€33k▲
Remuneration and social security454/9€8k€26k▲
Other amounts payable47/48€74k€58k▼
Income statement
Code20242025
Turnover70€328k€457k▲
Goods, raw materials, services and sundry goods60/61€215k€280k▲
Remuneration, social security and pensions62€97k€130k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€7k▼
Other operating charges640/8€303€312▲
Gross operating margin9900€112k€177k▲
Operating profit (loss)9901€-5k€41k▲
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€-6k€39k▲
Income taxes67/77€2k€14k▲
Profit (loss) for the period9904€-9k€25k▲
Profit (loss) for the period to be appropriated9905€-9k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€108k▲
Profit (loss) brought forward from the previous period14P€92k€83k▼
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k ▼292%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Liquidity times 5current ratio 8.96
Current ratio from 1.84 to 8.96; short-term debt falls from €80k to €13k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 60 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2006
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.
Hofbouwlaan 39000 GentGround area
102 m²
Building footprint
84 m²
Volume, LiDAR
730 m³
Parcel 44808H0001/00L013, Flanders · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mub'art
since 20062.158.205.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0001/00L013 | Flanders | 102 m² | 1 · 84 m² | 15.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,500 EUR awarded · 2,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.158.205.854
Dual-learning approval
7 live approvals · 9 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Show 1 more
Restaurant en keuken duaal (so)
Similar companies · same sector, comparable size
Vimi
BE 0598.971.535
Brasschaat · Eq €136k
NEW SHANGHAI
BE 0475.935.745
Soignies · Eq €136k
Aperitivo M&R
BE 0698.756.128
Genk · Eq €136k
DARIO RESTAURATION
BE 0533.869.984
Manage · Eq €136k
ZAGREB
BE 0435.889.393
Antwerpen · Eq €136k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,194 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2006
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09.266.17.18