MUTINVEST

Active

Cooperative companyfounded 200125 yrs activeSint-Bernardsesteenweg 200, 2020 Antwerpen, BelgiumKBO/BCE: BE 0474.775.606

Summary

MUTINVEST has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.79M and a net result of €379k. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

75 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability43▼-3

Solvency100=

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.25M at 30 days acceptable

short-term debt: 0.1% and cash: 3.2% of total assets, and 0.1% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

99.9%

Return on assets

2.3%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

25 d early

2024

22 d early

2023

30 d early

2022

34 d early

2021

33 d early

2020

25 d early

2019

23 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€16.79M▲ 2.3%

2024 · €16.41M

2018: €14.27M 2019: €14.61M 2020: €14.95M 2021: €15.32M 2022: €15.35M 2023: €15.88M 2024: €16.41M

2018 → 2025

Total assets

€16.81M▲ 1.9%

2024 · €16.50M

2018: €15.50M 2019: €15.05M 2020: €15.01M 2021: €15.32M 2022: €15.35M 2023: €15.89M 2024: €16.50M

2018 → 2025

Net result

€379k▼ 28.7%

2024 · €532k

2018: €452k 2019: €343k 2020: €345k 2021: €369k 2022: €24k 2023: €530k 2024: €532k

2018 → 2025

Working capital

€7.45M▲ 12.9%

2024 · €6.59M

2018: €1.93M 2019: €2.48M 2020: €3.51M 2021: €3.51M 2022: €4.10M 2023: €5.39M 2024: €6.59M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€15.32M-€15.35M▲ 0.2%€15.88M▲ 3.5%€16.41M▲ 3.3%€16.79M▲ 2.3%

Operating result€500k-€448k▼ 10.4%€390k▼ 12.8%€408k▲ 4.5%€353k▼ 13.4%

Net result€369k-€24k▼ 93.4%€530k▲ 2,064%€532k▲ 0.4%€379k▼ 28.7%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 13% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €16.81M

55.6%

44.4%

Fixed assets €9.35M ▼ 4.8%

Current assets €7.46M ▲ 11.7%

Equity and liabilities €16.81M

99.9%

Equity €16.79M ▲ 2.3%

Debt €25k ▼ 73.5%

Debt's share of the balance-sheet total falls from 0.6% to 0.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.16M▼

2024 · €1.19M

Cash flow

€1.19M▼

2024 · €1.31M

Debt to equity

0.00▼

2024 · 0.01

ROE

2.3%▼

2024 · 3.2%

ROA

2.3%▼

2024 · 3.2%

Interest coverage

-173.45▼

2024 · -13.69

Debt ≤ 1 year

€12k▼

2024 · €84k

Income taxes

€124k▼

2024 · €148k

A ratio outside any meaningful range has been withheld (balance sheet total €16.81M, equity €16.79M).

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 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€16.50M€16.81M▲

Fixed assets21/28€9.82M€9.35M▼

Tangible fixed assets22/27€9.82M€9.35M▼

Land and buildings22€8.86M€8.21M▼

Other tangible fixed assets26€964k€1.14M▲

Current assets29/58€6.68M€7.46M▲

Amounts receivable within one year40/41€56k€61k▲

Trade receivables40-€14k

Other amounts receivable41€56k€47k▼

Current investments50/53€5.23M€6.83M▲

Cash at bank and in hand54/58€1.32M€530k▼

Deferred charges and accrued income490/1€79k€41k▼

Equity and liabilities

Total equity and liabilities10/49€16.50M€16.81M▲

Equity10/15€16.41M€16.79M▲

Contributions10/11€12.50M€12.50M=

Reserves13€225k€244k▲

Distributable reserves133€225k€244k▲

Profit (loss) carried forward14€3.68M€4.04M▲

Amounts payable17/49€92k€25k▼

Amounts payable within one year42/48€84k€12k▼

Trade debts44€41k€12k▼

Suppliers440/4€41k€12k▼

Taxes, remuneration and social security45€43k-

Taxes450/3€43k-

Accrued charges and deferred income492/3€8k€13k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€778k€808k▲

Other operating charges640/8€4k€4k▲

Gross operating margin9900€1.19M€1.16M▼

Operating profit (loss)9901€408k€353k▼

Financial income75/76B€186k€143k▼

Recurring financial income75€186k€143k▼

Financial charges65/66B€-87k€-7k▲

Recurring financial charges65€-87k€-7k▲

Profit (loss) for the period before taxes9903€680k€503k▼

Income taxes67/77€148k€124k▼

Profit (loss) for the period9904€532k€379k▼

Profit (loss) for the period to be appropriated9905€532k€379k▼

Appropriation of the result

Profit (loss) to be appropriated9906€3.71M€4.06M▲

Profit (loss) brought forward from the previous period14P€3.18M€3.68M▲

Transfer to equity691/2€27k€19k▼

To other reserves6921€27k€19k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 32Financial 5Gazette 17Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

State Gazette act Resignation: Van Keer Frank (director)

Appointment: Poppe Sofie (director)3 facts ▸

General meeting, 15/06/2026
Director resignation, Van Keer Frank (director)
Director appointment, Poppe Sofie (director)

06-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Liquidity times 8current ratio 627.84

Current ratio from 79.09 to 627.84; short-term debt falls from €84k to €12k.

01-08

State Gazette act Permanent representatives: Robert Snijkers and Gwen Cleirbaut

3 facts ▸

General meeting, 16-06-2025
Permanent representative, Robert Snijkers
Permanent representative, Gwen Cleirbaut

09-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2018net €532k ▲0.4%

Net result €532k, the highest in the series.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

11-01

State Gazette act Reappointment: KPMG (statutory auditor)

2 facts ▸

General meeting, 13-11-2023
Auditor reappointment, KPMG

2023

14-12

State Gazette act Purpose · Statutes amendment · Legal-form change · Miscellaneous

Statutes amendment · Reserve release · Purpose change7 facts ▸

General meeting, 30-11-2023
Statutes amendment
Reserve release, Opheffing van de statutair onbeschikbare eigen vermogensrekening (omgezet uit vast kapitaal en wettelijke reserve) en beschikbaar maken van de middelen voor uit…
Purpose change, Wijziging van het voorwerp van de vennootschap.
Capital, €12.500.000
Cooperative finality, Het behartigen, ondersteunen en bevorderen van enerzijds het ideologisch doel van de socialistische mutualiteit en de met haar verbonden entiteiten, die vertege…
Cooperative values, (1) Democratische controle door de leden: elk van de leden van de vennootschap kan actief deelnemen aan het beleid en de besluitvorming. Beperkingen aan de besl…

27-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

31-05

State Gazette act Appointments: Peeters Guy Daniel Clotilde, Schevernels Jimmy Albert Celine and De Maeyer Jan Eugène

4 facts ▸

Board meeting, 14-11-2022
Director appointment, Peeters Guy Daniel Clotilde (chair)
Director appointment, Schevernels Jimmy Albert Celine (managing director)
Director appointment, De Maeyer Jan Eugène (managing director)

2022

31-12

Financial Weakest financial yearnet €24k ▼93.4%

Net result drops to €24k, the lowest in the series; recovery starts the following year.

Show earlier events

10-08

State Gazette act Resignations: Ardies Frieda Marie Georgette, De Clercq Wemer Ludwig and 21 others

Appointments: Ardies Frieda Marie Georgette, Bastiaenssen Vicky and 5 others31 facts ▸

General meeting, 13-06-2022
Director resignation, Ardies Frieda Marie Georgette (director)
Director resignation, De Clercq Wemer Ludwig (director)
Director resignation, De Maeyer Jan Eugène (director)
Director resignation, De Vries Laurent Carolus Dirk (director)
Director resignation, Dorikens Herman (director)
Director resignation, Elsen Patrick Mathilda François (director)
Director resignation, Ghys Margaretha Louisa Carolina (director)
Director resignation, Madereel Marie-José Maurice Julia (director)
Director resignation, Magnus Ortwin Eduard Maria (director)
Director resignation, Minten Monique Alberte Celine Thérèse (director)
Director resignation, Pattyn Lieve Helena Gabrielle (director)
+19 further facts in this act

28-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Liquidity times 24current ratio 1458.17

Current ratio from 59.91 to 1458.17; short-term debt falls from €60k to €2k.

06-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Liquidity times 9current ratio 59.91

Current ratio from 6.57 to 59.91; short-term debt falls from €444k to €60k.

25-09

State Gazette act Resignations: Cornelis Rudolf (Rudy) Jozef Maria (director) and van der Plas Myriam (director)

Appointment: Van Keer Frank (director) · Reappointment: KPMG Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representative: Robert Snijkers6 facts ▸

General meeting, 15-06-2020
Director resignation, Cornelis Rudolf (Rudy) Jozef Maria (director)
Director resignation, van der Plas Myriam (director)
Director appointment, Van Keer Frank (director)
Auditor reappointment, KPMG Bedrijfsrevisoren CVBA
Permanent representative, Robert Snijkers (permanent representative)

08-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

26-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

25-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

06-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

29-05

State Gazette act Resignations: Geeraerts, Alfons Bertha, Goovaerts, Eduard Simonne Joseph and 6 others

Appointments: De Maeyer, Jan Eugène, Peeters, Guy Daniel Clotilde and 6 others21 facts ▸

Board meeting, 21-11-2016
General meeting, 21-11-2016
Director resignation, Geeraerts, Alfons Bertha (permanent representative)
Director resignation, Goovaerts, Eduard Simonne Joseph (permanent representative)
Director appointment, De Maeyer, Jan Eugène (permanent representative)
Director appointment, Peeters, Guy Daniel Clotilde (permanent representative)
Director resignation, Geeraerts, Alfons Bertha (director)
Director resignation, Hermars, Jeannine Josephine Albertine (director)
Director resignation, Huybrechts, Lirida (director)
Director resignation, Seels, Ronny (director)
Director resignation, Terryn, Henri Alice (director)
Director resignation, Van Keer, Frark (director)
+9 further facts in this act

2012

17-08

State Gazette act Resignation: Van Hoydonck Dirk Jan Maria (director)

Appointment: Van den bergh F (director) · Approval · Director discharge6 facts ▸

General meeting, 18-06-2012
Director resignation, Van Hoydonck Dirk Jan Maria (director)
Director appointment, Van den bergh F (director)
Approval, 18-06-2012
Approval, 18-06-2012
Director discharge, Mutinvest

30-01

State Gazette act Resignation: Callewaert Paul Louis Cornelia (director)

Appointment: Schevemels Jimmy Albert Celine (director) · Power of attorney · Approval9 facts ▸

Board meeting, 21-11-2011
Power of attorney, Schevemels Jimmy Albert Celine
General meeting, 21-11-2011
Director resignation, Callewaert Paul Louis Cornelia (director)
Director appointment, Schevemels Jimmy Albert Celine (director)
Approval, begroting 2012
Board meeting, 21-11-2011
Director appointment, Schevemels Jimmy Albert Celine (managing director)
Approval, waarderingsregels

2011

03-08

State Gazette act Appointment: KPMG - Bedrijfsrevisoren cvba/scri (company auditor)

Approval · Director discharge · Power of attorney6 facts ▸

General meeting, 30-05-2011
Approval, 31-12-2010
Approval, 31-12-2010
Director discharge, Mutinvest
Auditor appointment, KPMG - Bedrijfsrevisoren cvba/scri (company auditor)
Power of attorney, Robert Snijkers

2010

16-12

State Gazette act Resignations: Coenaerts, Linda Virginia J., Detiège, Leona Maria and 2 others

Appointments: De Maeyer, Jan Eugène, Elsen, Patrick Mathilda François and 2 others11 facts ▸

General meeting, 20-09-2010
Director resignation, Coenaerts, Linda Virginia J. (director)
Director resignation, Detiège, Leona Maria (director)
Director resignation, Goovaerts, Eduard Simonne Joseph (director)
Director resignation, Van Den Bulck, Marina Maria Francis (director)
Director appointment, De Maeyer, Jan Eugène (director)
Director appointment, Elsen, Patrick Mathilda François (director)
Director appointment, de Vries, Laurent Carolus Dirk (director)
Director appointment, Van Hoydonck, Dirk Jan Maria (director)
Board meeting, 20-09-2010
Director appointment, De Maeyer, Jan Eugène (managing director)

2009

27-07

State Gazette act Appointment: Coenaerts, Linda Virginia J. (director)

Resignation: Van Eynde, G. (managing director) · Approval · Director discharge8 facts ▸

General meeting, 25-05-2009
Director appointment, Coenaerts, Linda Virginia J. (director)
Approval, 25-05-2009
Approval, 25-05-2009
Director discharge, Mutinvest
Board meeting, 25-05-2009
Director appointment, Coenaerts, Linda Virginia J. (managing director)
Director resignation, Van Eynde, G. (managing director)

2007

27-07

State Gazette act Resignation: Diana Mellebeeckx (director)

Appointment: Margaretha Louisa Carolina Ghys (director) · Approval · Director discharge6 facts ▸

General meeting, 18-06-2007
Director resignation, Diana Mellebeeckx (director)
Director appointment, Margaretha Louisa Carolina Ghys (director)
Approval, 31-12-2006
Approval, 31-12-2006
Director discharge, Mutinvest

27-03

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital · Approval5 facts ▸

General meeting, 18-04-2006
Capital increase, €12.492.500
Capital
Approval, 13-03-2006
Power of attorney, Van Eynde

05-01

State Gazette act Resignation: Hubrechts, Peter Julien Mathieu (director)

Appointment: Willems, Karin Marie Josée (director) · Approval4 facts ▸

General meeting, 20-11-2006
Director resignation, Hubrechts, Peter Julien Mathieu (director)
Director appointment, Willems, Karin Marie Josée (director)
Approval, 20-11-2006

2005

22-08

State Gazette act Appointment: KPMG - Bedrijfsrevisoren cvba/scrl (company auditor)

Approval4 facts ▸

General meeting, 30-05-2005
General meeting, 29-06-2005
Approval, 29-06-2005
Auditor appointment, KPMG - Bedrijfsrevisoren cvba/scrl (company auditor)

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 directors, no change since 2026

Poppe Sofie

Director · since 01-07-2026

Current

Ardies Frieda Marie Georgette

Director · since 13-06-2022

Current

Bastiaenssen Vicky

Director · since 13-06-2022

Current

De Maeyer Jan Eugène

Managing director · since 13-06-2022

Current

Peeters Guy

Chair · since 13-06-2022

Current

Schevernels Jimmy Albert Celine

Managing director · since 13-06-2022

Current

3 other directors

Schoeters Dirk Emiel Maria Marcel

Director · since 13-06-2022

Current

De Clercq, Wemer Ludwig

Director · since 21-11-2016

Not recently confirmed

Van den bergh F

Director · since 18-06-2012

Not recently confirmed

01-07-2026 Poppe Sofie: Appointed as Director

01-07-2026 Van Keer Frank: Resigned as Director

14-11-2022 De Maeyer Jan Eugène: Appointed as Managing director

14-11-2022 Peeters Guy: Appointed as Chair

14-11-2022 Schevernels Jimmy Albert Celine: Appointed as Managing director

Full history in the Timeline (72 changes) →

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2001

establishment The establishment unit on the map

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.

Sint-Bernardsesteenweg 2002020 Antwerpen

Ground area

1.1 ha

Building footprint

3,253 m²

Volume, LiDAR

66,830 m³

2 parcels, Flanders · tallest building 40.8 m, ±12 floors. Linked by address, not a title deed.

1 establishment unit

Belgiëlei 22 2, 2018 Antwerpen

NACE 7020302

since 20012.101.347.424

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11809I2511/00X000	Flanders	8,320 m²	1 · 1,763 m²	40.8 m · 12 fl.
11806F1236/00X004	Flanders	2,548 m²	1 · 1,490 m²	33.7 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.

Statutory auditor

1 auditor

KPMGCurrent

Auditor · represented by Robert Snijkers

13-11-2023 → present

Show 2 earlier auditors

KPMG Bedrijfsrevisoren CVBA Auditor · represented by Robert Snijkers succeeded by KPMG in 2023	15-06-2020 → 13-11-2023
KPMG Réviseurs d'Entreprises Company auditor succeeded by KPMG Bedrijfsrevisoren CVBA in 2020	01-01-2005 → 15-06-2020

Articles of association

Purpose

De vennootschap heeft tot voorwerp: Zowel in België of in het buitenland, voor eigen of andermans rekening, de uitbating van een onderneming met als activiteit (i) in het algemeen…

Full purpose

De vennootschap heeft tot voorwerp: Zowel in België of in het buitenland, voor eigen of andermans rekening, de uitbating van een onderneming met als activiteit (i) in het algemeen, het oprichten, bouwen en verbouwen van onroerende goederen, het huren, verhuren, kopen en verkopen van onroerende en/of roerende goederen, het verwerven of verlenen van enigerlei zakelijk recht op onroerende goederen en/of roerende goederen (ii) in het bijzonder, onroerende leasing met inbegrip van alle aanverwante activiteiten van onroerende financieringshuur en alle juridische en financiële operaties die verband houden met onroerende leasing en financieringshuur, dit alles in de ruimste zin van het woord. De vennootschap mag alle industriële, commerciële en financiële, roerende en onroerende verrichtingen doen die kunnen bijdragen tot het verwezenlijken van het voorwerp, kredieten en leningen aangaan en toestaan, zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak. De vennootschap kan tevens het mandaat van bestuurder of vereffenaar van andere vennootschappen waarnemen.

according to the deed of 14-12-2023