Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUWAD from Wielsbeke, company number BE0459084568, closed financial year 2025 with a result of € -1,654 after tax. For that financial year MUWAD recorded a gross margin of € 8,271 and equity of € -6,081. Compared with financial year 2024, the result moved from € 582 to € -1,654. 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 April 11, 2026.
€ -6,081
▼ € 1,654 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,654
▼ still € 582 profit in 2024
Profit after tax over the fiscal year.
€ 1,458
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -80,581.
People and assets in 2025
€ 375
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 259
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 947 | € 6,527 | € 9,780 | € 8,271 | ▼ 15% |
| Profit after taxes | € -10,873 | € 489 | € 582 | € -1,654 | ▼ € 2,237 |
| Equity | € -5,498 | € -5,010 | € -4,427 | € -6,081 | ▼ € 1,654 |
| Total debts | € 37,112 | € 59,127 | € 102,738 | € 90,657 | ▼ 12% |
| Cash | € 652 | € 7,928 | € 7,586 | € 1,458 | ▼ 81% |
| Retained profit | € -79,998 | € -79,510 | € -78,927 | € -80,581 | ▼ € 1,654 |
| Balance sheet total | € 31,614 | € 54,118 | € 98,311 | € 84,576 | ▼ 14% |
Key figures of MUWAD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MUWAD?
What happened at MUWAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,654 (▼ € 2,237 vs 2024). Source: NBB ↗
- Ward Debeuckelaere became a director. NBB
- Jacky Debeuckelaere became a director. NBB
- Muriel Debeuckelaere became a director. NBB
- New establishment in Wielsbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,873 loss in 2022 to € 1,654 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2024, with € 582 profit.
Management
Behind MUWAD are Jacky Debeuckelaere, Ward Debeuckelaere and Muriel Debeuckelaere.
Directors
According to the 2025 annual accounts
Jacky Debeuckelaere
Director
since 2015
Ward Debeuckelaere
Director
since 2023
Muriel Debeuckelaere
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Wandellaan 53 box B000
8710 Wielsbeke
Wandellaan 53
8710 Wielsbeke
Active since 21 November 1996
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.084.568
- VAT number
- BE 0459.084.568
- Registered office
- Wandellaan 53 bus B000, 8710 Wielsbeke
- Names & denominations
- MUWAD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 1996
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
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