Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUHLNER MOTORSPORT from Stavelot, company number BE0462580924, closed financial year 2025 with a result of € 658,619 after tax. For that financial year MUHLNER MOTORSPORT recorded a gross margin of € 1.3 million and equity of € 7,594. Compared with financial year 2024, the result moved from € 9,896 to € 658,619. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ 7,594
▲ € 658,619 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 658,619
▲ € 648,724 vs 2024
Profit after tax over the fiscal year.
€ 34,052
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -10,998.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 163,550
▲ € 129,986 vs 2024
€ 81,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 983,313
▲ 104% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 250,000
Loans from banks and other lenders, long and short.
€ 417,462
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,933
▲ € 20,308 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 110,916 | € 178,622 | € 274,028 | € 1,289,632 | ▲ € 1 million |
| Profit after taxes | € -528,788 | € -236,937 | € 9,896 | € 658,619 | ▲ € 648,724 |
| Equity | € -423,983 | € -660,920 | € -651,025 | € 7,594 | ▲ € 658,619 |
| Total debts | € 1,435,866 | € 1,447,301 | € 1,761,156 | € 1,610,823 | ▼ 9% |
| Cash | € 11,295 | € 37,534 | € 50,792 | € 34,052 | ▼ 33% |
| Retained profit | € -442,575 | € -679,512 | € -669,617 | € -10,998 | ▲ € 658,619 |
| Bank debt | € 273,500 | € 250,000 | € 250,000 | € 250,000 | |
| Balance sheet total | € 1,011,883 | € 786,380 | € 1,110,131 | € 1,618,417 | ▲ 46% |
| Employees (FTE) | 3.5 | 1.8 | - | 2 |
Key figures of MUHLNER MOTORSPORT, 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 MUHLNER MOTORSPORT?
What happened at MUHLNER MOTORSPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 658,619 (▲ € 648,724 vs 2024). filed late Source: NBB ↗
- New establishment in Stavelot. KBO
- Start of the company according to the CBE. KBO
- Bernhard MÜHLNER became a director. NBB
In short
From € 528,788 loss in 2022 to € 658,619 profit in 2025.
Paid € 12,973 in corporate taxes since 2022.
Best year ever: 2025, with € 658,619 profit.
On average € 644,800 of value added per employee in 2025.
Management
Behind MUHLNER MOTORSPORT is Bernhard MÜHLNER. Bernhard MÜHLNER is also behind M.M. IMMO and BMG INTERNATIONAL.
Directors
According to the 2025 annual accounts
since 1998
Establishments
Establishment units
Physical locations of this company
Rue Crufer 2
4970 Stavelot
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
GD-EMEA-DC-SXB1, DE
DNS
GoDaddy DNS
Domain
Domain
muehlner-motorsport.com
Registered
1999-11-29
Registrar
Mesh Digital Limited
Expires
2026-11-29
Website info
Features
Security
Network
Details
- Company number
- 0462.580.924
- VAT number
- BE 0462.580.924
- Registered office
- Rue Crufer 2, 4970 Stavelot
- Names & denominations
- MUHLNER MOTORSPORT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 1998
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- muehlner-motorsport.com
- Activities · NACE
Reparatie en montage van specifieke auto-onderdelen
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Technische studiën en ingenieursactiviteiten
Detailhandel in onderdelen en accessoires van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Reparatie en onderhoud van producten van metaal
Kleinhandel in onderdelen en accessoires van auto's
Detailhandel in motorvoertuigen
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