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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2026; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
MUTSAARD from Herzele, company number BE0456951261, closed financial year 2026 with a result of € -2,587 after tax. For that financial year MUTSAARD recorded a gross margin of € -1,572 and equity of € -69,208. Compared with financial year 2025, the result moved from € 1,503 to € -2,587. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 26, 2026.
€ -69,208
▼ € 2,587 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,587
▼ still € 1,503 profit in 2025
Profit after tax over the fiscal year.
€ 23,849
▲ 1% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -131,181.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 3,206 | € 4,434 | € 2,928 | € -1,572 | ▼ € 4,500 |
| Profit after taxes | € 2,326 | € 3,465 | € 1,503 | € -2,587 | ▼ € 4,090 |
| Equity | € -71,589 | € -68,124 | € -66,621 | € -69,208 | ▼ € 2,587 |
| Total debts | € 110,664 | € 107,919 | € 111,077 | € 108,782 | ▼ 2% |
| Cash | € 18,349 | € 19,069 | € 23,730 | € 23,849 | ▲ 1% |
| Land & buildings | € 20,726 | € 20,726 | € 20,726 | € 15,726 | ▼ 24% |
| Retained profit | € -133,563 | € -130,098 | € -128,595 | € -131,181 | ▼ € 2,587 |
| Balance sheet total | € 39,075 | € 39,795 | € 44,456 | € 39,574 | ▼ 11% |
Key figures of MUTSAARD, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to MUTSAARD?
What happened at MUTSAARD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2,587 (▼ € 4,090 vs 2025). Source: NBB ↗
- Jozef Dauwe became a director. NBB
- Lina Aimée Bogaert became a director. NBB
- Magdalena Jannis became a director. NBB
- Florimond Cleemput became a director. NBB
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,326 profit in 2023 to € 2,587 loss in 2026.
Paid € 439 in corporate taxes since 2023.
Best year ever: 2024, with € 3,465 profit.
Management
Behind MUTSAARD are Jozef Dauwe, Lina Aimée Bogaert, Magdalena Jannis and Florimond Cleemput. Jozef Dauwe is also behind Koninklijke Vereniging der Historische en Tuinen van België and Monumentale kerken Gent. Magdalena Jannis is also behind JALDA.
Directors
According to the 2026 annual accounts
Jozef Dauwe
Managing director
Also active at: Koninklijke Vereniging der Historische en Tuinen van België, Monumentale kerken Gent
since 2025
Lina Aimée Bogaert
Director
since 2025
since 2025
Florimond Cleemput
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Mutsaardstraat 21
9550 Herzele
Graanmarkt 16
9400 Ninove
Active since 30 July 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0456.951.261
- VAT number
- BE 0456.951.261
- Registered office
- Mutsaardstraat 21, 9550 Herzele
- Names & denominations
- MUTSAARD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1995
- Peppol
- Not registered