Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUCO from Maasmechelen, company number BE0435463088, closed financial year 2025 with a result of € -66,397 after tax. For that financial year MUCO recorded a gross margin of € 316,446 and equity of € 8,818. Compared with financial year 2024, the result moved from € -28,761 to € -66,397. The company made a loss. The buffer shrank hard: equity is 88 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 8,818
▼ 88% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -66,397
▼ 131 % more loss than in 2024
Profit after tax over the fiscal year.
€ 18,855
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -51,182.
People and assets in 2025
€ 353,307
▲ 31% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 85,350
▲ 15% vs 2024
Of which on lease € 62,924.
Debts at end 2025
€ 171,636
▼ 5% vs 2024
€ 13,225 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 345,226
▲ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,960
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 261,669 | € 180,419 | € 278,316 | € 316,446 | ▲ 14% |
| Profit after taxes | € 12,169 | € 719 | € -28,761 | € -66,397 | ▼ € 37,636 |
| Equity | € 103,258 | € 103,977 | € 75,215 | € 8,818 | ▼ 88% |
| Total debts | € 371,548 | € 463,364 | € 536,116 | € 697,599 | ▲ 30% |
| Cash | € 72,403 | € 3,116 | € 62,889 | € 18,855 | ▼ 70% |
| Land & buildings | € 30,826 | € 26,919 | € 23,106 | € 19,526 | ▼ 15% |
| Retained profit | € 43,258 | € 43,977 | € 15,215 | € -51,182 | ▼ € 66,397 |
| Bank debt | € 199,623 | € 167,478 | € 180,584 | € 171,636 | ▼ 5% |
| Balance sheet total | € 474,806 | € 567,341 | € 611,331 | € 706,417 | ▲ 16% |
Key figures of MUCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MUCO?
What happened at MUCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 66,397. Source: NBB ↗
- Eddy Thewissen became a director. NBB
- ROFA BV became a director. NBB
- RAUL BV became a director. NBB
- New establishment in Maasmechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,169 profit in 2022 to € 66,397 loss in 2025.
Paid € 4,859 in corporate taxes since 2022.
Best year ever: 2022, with € 12,169 profit.
Management
The stake of ARTIST SCREEN NV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MUCOBehind MUCO are Eddy Thewissen, ROFA BV and RAUL BV. The shares are held by ARTIST SCREEN NV (100%).
Directors
According to the 2025 annual accounts
Eddy Thewissen
Director
since 2023
since 2023
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Breitwaterstraat(M) 19
3630 Maasmechelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.463.088
- VAT number
- BE 0435.463.088
- Registered office
- Breitwaterstraat(M) 19, 3630 Maasmechelen
- Names & denominations
- MUCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1988
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof