MUYLAERT
ActiveSummary
MUYLAERT has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.81M and a net result of €129k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 92% of 1865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+51
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 5.42 against 3.97 in 2024; short-term debt: 15.5% and cash: 29.6% of total assets), and 15.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
84.5%
Return on assets
6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
5 d early
2022
42 d early
2020
19 d early
2019
126 d late
2018
63 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.81M▲ 7.7%
2024 · €1.68M
2018: €1.93M
2019: €2.10M▲ +9.2% vs 2018highest value
2020: €1.77M▼ -15.7% vs 2019
2022: €1.82M
2023: €1.79M▼ -1.5% vs 2022
2024: €1.68M▼ -6.0% vs 2023lowest value
2025: €1.81M▲ +7.7% vs 2024
2018 → 2025
Total assets
€2.14M▲ 2.8%
2024 · €2.09M
2018: €3.61Mhighest value
2019: €2.90M▼ -19.6% vs 2018
2020: €2.40M▼ -17.2% vs 2019
2022: €2.71M
2023: €2.20M▼ -19.0% vs 2022
2024: €2.09M▼ -5.2% vs 2023lowest value
2025: €2.14M▲ +2.8% vs 2024
2018 → 2025
Net result
€129k
2024 · €-107k
2018: €26k
2019: €847k▲ +3211% vs 2018highest value
2020: €-12k▼ -101% vs 2019
2022: €225k
2023: €-27k▼ -112% vs 2022
2024: €-107k▼ -302% vs 2023lowest value
2025: €129k▲ +221% vs 2024
2018 → 2025
Working capital
€1.47M▲ 22.4%
2024 · €1.20M
2018: €1.30M
2019: €1.72M▲ +32.3% vs 2018highest value
2020: €1.43M▼ -16.7% vs 2019
2022: €1.21M
2023: €1.07M▼ -11.7% vs 2022lowest value
2024: €1.20M▲ +12.1% vs 2023
2025: €1.47M▲ +22.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€1.77M-€1.82M▲ 2.4%€1.79M▼ 1.5%€1.68M▼ 6.0%€1.81M▲ 7.7%
2020: €1.77M
2022: €1.82Mhighest value
2023: €1.79M▼ -1.5% vs 2022
2024: €1.68M▼ -6.0% vs 2023lowest value
2025: €1.81M▲ +7.7% vs 2024
Operating result€124k-€337k▲ 172%€-18k€-108k▼ 487%€144k
2020: €124k
2022: €337khighest value
2023: €-18k▼ -105% vs 2022
2024: €-108k▼ -487% vs 2023lowest value
2025: €144k▲ +234% vs 2024
Net result€-12k-€225k€-27k€-107k▼ 302%€129k
2020: €-12k
2022: €225khighest value
2023: €-27k▼ -112% vs 2022
2024: €-107k▼ -302% vs 2023lowest value
2025: €129k▲ +221% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €144k after a loss of €108k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.14M
Fixed assets
€345k ▼ 28.8%
Current assets
€1.80M ▲ 12.3%
Equity and liabilities €2.14M
Equity
€1.81M ▲ 7.7%
Debt
€332k ▼ 17.7%
Debt's share of the balance-sheet total falls from 19.3% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€257k▲
2024 · €139k
Cash flow
€242k▲
2024 · €140k
Current ratio
5.42▲
2024 · 3.97
Debt to equity
0.18▼
2024 · 0.24
ROE
7.1%▲
2024 · -6.3%
ROA
6.0%▲
2024 · -5.1%
Interest coverage
87.88
Debt ≤ 1 year
€332k▼
2024 · €404k
Income taxes
€12k▲
2024 · €0
Staff costs
€1.36M▲
2024 · €1.32M
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.09M€2.14M▲
Fixed assets21/28€484k€345k▼
Tangible fixed assets22/27€360k€234k▼
Plant, machinery and equipment23€9k-
Furniture and vehicles24€347k€234k▼
Other tangible fixed assets26€5k-
Financial fixed assets28€124k€111k▼
Current assets29/58€1.60M€1.80M▲
Amounts receivable within one year40/41€714k€1.16M▲
Trade receivables40€645k€1.05M▲
Other amounts receivable41€69k€115k▲
Cash at bank and in hand54/58€886k€635k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€2.09M€2.14M▲
Equity10/15€1.68M€1.81M▲
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Reserves13€1.45M€1.45M=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€1.36M€1.36M=
Distributable reserves133€73k€73k=
Profit (loss) carried forward14€-19k€110k▲
Amounts payable17/49€404k€332k▼
Amounts payable within one year42/48€404k€332k▼
Trade debts44€255k€196k▼
Suppliers440/4€255k€196k▼
Taxes, remuneration and social security45€137k€125k▼
Taxes450/3€6k€19k▲
Remuneration and social security454/9€131k€106k▼
Other amounts payable47/48€11k€11k=
Accrued charges and deferred income492/3-€21
Income statement
Code20242025
Remuneration, social security and pensions62€1.32M€1.36M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€247k€113k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€1.46M€1.62M▲
Operating profit (loss)9901€-108k€144k▲
Financial income75/76B€912-
Recurring financial income75€912-
Financial charges65/66B-€3k
Recurring financial charges65-€3k
Profit (loss) for the period before taxes9903€-107k€141k▲
Income taxes67/77€0€12k▲
Profit (loss) for the period9904€-107k€129k▲
Profit (loss) for the period to be appropriated9905€-107k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€110k▲
Profit (loss) brought forward from the previous period14P€87k€-19k▼
Social balance
Average headcount (FTE)908718.817.8▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €1.61M | €1.33M | €1.32M | €1.36M | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173k | €210k | €181k | €247k | €113k | ▼ 54.3% |
| Other operating charges640/8 | - | €5k | €4k | €2k | €2k | ▼ 8.1% |
| Gross operating margin9900 | €1.41M | €2.16M | €1.50M | €1.46M | €1.62M | ▲ 10.4% |
| Operating profit (loss)9901 | €124k | €337k | €-18k | €-108k | €144k | ▲ 234% |
| Financial income75/76B | - | - | - | €912 | - | - |
| Recurring financial income75 | €12k | - | - | €912 | - | - |
| Financial charges65/66B | - | €13k | €8k | - | €3k | - |
| Recurring financial charges65 | €17k | €13k | €8k | - | €3k | - |
| Profit (loss) for the period before taxes9903 | €119k | €324k | €-26k | €-107k | €141k | ▲ 232% |
| Income taxes67/77 | €131k | €100k | €63 | €0 | €12k | - |
| Profit (loss) for the period9904 | €-12k | €225k | €-27k | €-107k | €129k | ▲ 221% |
| Transfer to tax-exempt reserves689 | - | €6k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €393k | €219k | €-27k | €-107k | €129k | ▲ 221% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.40M | €2.71M | €2.20M | €2.09M | €2.14M | ▲ 2.8% |
| Fixed assets21/28 | €516k | €628k | €720k | €484k | €345k | ▼ 28.8% |
| Tangible fixed assets22/27 | €380k | €492k | €596k | €360k | €234k | ▼ 35.1% |
| Plant, machinery and equipment23 | - | €10k | €14k | €9k | - | - |
| Furniture and vehicles24 | - | €469k | €574k | €347k | €234k | ▼ 32.5% |
| Other tangible fixed assets26 | - | €13k | €8k | €5k | - | - |
| Financial fixed assets28 | €136k | €136k | €124k | €124k | €111k | ▼ 10.5% |
| Current assets29/58 | €1.89M | €2.09M | €1.48M | €1.60M | €1.80M | ▲ 12.3% |
| Amounts receivable within one year40/41 | €1.12M | €1.20M | €1.19M | €714k | €1.16M | ▲ 63.2% |
| Trade receivables40 | - | €1.12M | €1.02M | €645k | €1.05M | ▲ 62.8% |
| Other amounts receivable41 | - | €82k | €169k | €69k | €115k | ▲ 66.3% |
| Current investments50/53 | €95 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €768k | €883k | €284k | €886k | €635k | ▼ 28.4% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.40M | €2.71M | €2.20M | €2.09M | €2.14M | ▲ 2.8% |
| Equity10/15 | €1.77M | €1.82M | €1.79M | €1.68M | €1.81M | ▲ 7.7% |
| Contributions10/11 | €248k | €248k | €248k | €248k | €248k | = |
| Capital10 | - | €248k | €248k | €248k | €248k | = |
| Issued capital100 | - | €248k | €248k | €248k | €248k | = |
| Reserves13 | €1.45M | €1.45M | €1.45M | €1.45M | €1.45M | = |
| Non-distributable reserves130/1 | - | €25k | €25k | €25k | €25k | = |
| Legal reserve130 | - | €25k | €25k | €25k | €25k | = |
| Tax-exempt reserves132 | - | €1.36M | €1.36M | €1.36M | €1.36M | = |
| Distributable reserves133 | - | €73k | €73k | €73k | €73k | = |
| Profit (loss) carried forward14 | €77k | €114k | €87k | €-19k | €110k | ▲ 669% |
| Amounts payable17/49 | €630k | €899k | €410k | €404k | €332k | ▼ 17.7% |
| Amounts payable after more than one year17 | €172k | €23k | - | - | - | - |
| Financial debts170/4 | - | €23k | - | - | - | - |
| Amounts payable within one year42/48 | €458k | €876k | €410k | €404k | €332k | ▼ 17.7% |
| Current portion of amounts payable after more than one year42 | - | €103k | €34k | - | - | - |
| Trade debts44 | €227k | €372k | €208k | €255k | €196k | ▼ 23.1% |
| Suppliers440/4 | - | €372k | €208k | €255k | €196k | ▼ 23.1% |
| Taxes, remuneration and social security45 | - | €208k | €156k | €137k | €125k | ▼ 9.2% |
| Taxes450/3 | - | €91k | €1k | €6k | €19k | ▲ 197% |
| Remuneration and social security454/9 | - | €118k | €155k | €131k | €106k | ▼ 19.1% |
| Other amounts payable47/48 | - | €193k | €13k | €11k | €11k | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €21 | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €225k | €-27k | €-107k | €129k | ▲ 221% |
| + Depreciation and write-downs630 | €173k | €210k | €181k | €247k | €113k | ▼ 54.3% |
| Operating cash flow (approximation) | €161k | €434k | €155k | €140k | €242k | ▲ 72.8% |
| Investment in fixed assets (approximation) | - | - | €-273k | €-11k | €27k | ▲ 341% |
| Change in cash | - | - | €-599k | €602k | €-251k | ▼ 142% |
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
10-08
State Gazette act
Permanent representative: Marc Van den BosscheRegistered-office move3 facts ▸
State Gazette act
Permanent representative: Marc Van den Bossche
Registered-office move3 facts ▸
- Board meeting, 15/06/2025
- Registered-office move, Stationsstraat 227, 9550 Herzele
- Permanent representative, Marc Van den Bossche
10-08
State Gazette act
Reappointments: Staes De Hauwere, ATRI and INVINTPermanent representatives: Kristof De Hauwere, Patrick Lanssens and Marc Van den Bossche7 facts ▸
State Gazette act
Reappointments: Staes De Hauwere, ATRI and INVINT
Permanent representatives: Kristof De Hauwere, Patrick Lanssens and Marc Van den Bossche7 facts ▸
- General meeting, 31/12/2025
- Director reappointment, Staes De Hauwere (director)
- Director reappointment, ATRI (director)
- Director reappointment, INVINT (director)
- Permanent representative, Kristof De Hauwere
- Permanent representative, Patrick Lanssens
- Permanent representative, Marc Van den Bossche
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €129k
Net result €129k after 2 loss-making years.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €-107k
Net result drops to €-107k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €225k
Net result €225k after one loss-making year.
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 126 days late
2019
31-12
Financial
Highest result since 2018net €847k ▲3,211%
Operating result €861k, net result €847k, both a record.
Show earlier events
31-12
Financial
Equity above €2MEq €2.10M ▲9.2%
2 profitable years in a row build equity to €2.10M.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 63 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 173 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26102532). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
ATRI
CurrentDirector · Private limited company (pre-2019) · perm. rep.: Patrick Lanssens
INVINT
CurrentDirector · Private limited company · perm. rep.: Marc Van den Bossche
STAES - DE HAUWERE
CurrentDirector · Public limited company · perm. rep.: Kristof De Hauwere
Not every act has been read: a resignation may be missing here
7 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herzele · 1 establishment unit since 1966
Ground area
9,418 m²
Building footprint
3,007 m²
Volume, LiDAR
15,742 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MUYLAERT NV
since 19662.000.849.088
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41027B0350/00Y002 | Flanders | 7,719 m² | 1 · 2,680 m² | 7.4 m · 2 fl. |
| 41010A0920/00K000 | Flanders | 1,699 m² | 1 · 327 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 8,876 EUR awarded · 8,876 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,071 EUR | 2,071 EUR |
| 2024 | 1 | 672 EUR | 672 EUR |
| 2023 | 2 | 2,657 EUR | 2,657 EUR |
| 2022 | 2 | 3,476 EUR | 3,476 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 endedOnderhoudsmecanicien zware bedrijfsvoertuigen (so)
Polyvalent mecanicien zware bedrijfsvoertuigen (so)
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Identification & contact
Identification
Legal formPublic limited company
Founded16-12-1965
Fiscal year end30-06
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
Scores and ratios are computed by Checked and are not a credit decision.