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 1 of the last 4 fiscal years.
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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 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MURANO from Hasselt, company number BE0466740442, closed financial year 2025 with a result of € -79,796 after tax. For that financial year MURANO recorded a gross margin of € 24,388 and equity of € -66,394. Compared with financial year 2024, the result moved from € -22,660 to € -79,796. 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 August 31, 2026.
€ -66,394
▼ € 79,796 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -79,796
▼ 252 % more loss than in 2024
Profit after tax over the fiscal year.
€ 927
▲ € 908 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -96,394.
Debts at end 2025
€ 571,940
▼ 4% vs 2024
€ 23,889 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 120,984
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,446
▲ 79% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 32,501 | € 45,348 | € 65,565 | € 24,388 | ▼ 63% |
| Profit after taxes | € -1,513 | € -63,065 | € -22,660 | € -79,796 | ▼ € 57,137 |
| Equity | € 99,127 | € 36,062 | € 13,402 | € -66,394 | ▼ € 79,796 |
| Total debts | € 444,123 | € 1,000,217 | € 1,385,848 | € 1,429,815 | ▲ 3% |
| Cash | € 241 | € 819 | € 19 | € 927 | ▲ € 908 |
| Land & buildings | € 538,529 | € 1,019,255 | € 1,314,431 | € 1,316,438 | |
| Retained profit | € 69,127 | € 6,062 | € -16,598 | € -96,394 | ▼ € 79,796 |
| Bank debt | € 187,591 | € 614,913 | € 597,312 | € 571,940 | ▼ 4% |
| Balance sheet total | € 543,250 | € 1,036,279 | € 1,399,250 | € 1,363,421 | ▼ 3% |
Key figures of MURANO, 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 MURANO?
What happened at MURANO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 79,796. filed late Source: NBB ↗
- Herwig Mullens became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,513 loss in 2022 to € 79,796 loss in 2025.
Management
Behind MURANO are Herwig Mullens and Johanna Deblauwe. The same people are also behind SO REAL ESTATE. Herwig Mullens is also behind So Real Holding, VIOLET SERVICES and URBAN REAL ESTATE. Johanna Deblauwe is also behind URBN, So Real Green, ASCI, MH25 Invest and Ubuild.
Directors
According to the 2025 annual accounts
Herwig Mullens
Director
Also active at: SO REAL ESTATE, So Real Holding, VIOLET SERVICES, URBAN REAL ESTATE
since 2026
Johanna Deblauwe
Manager
Also active at: URBN, So Real Green, ASCI, MH25 Invest, Ubuild, TERRAE REAL ESTATE, SO REAL ESTATE, TERRAE +1 more
Establishments
Establishment units
Physical locations of this company
Bosbeekstraat 29
3511 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →La Sauvenière
€ 67,059 gross margin · 2024
ASCI same network
€ -70,429 gross margin · 2025
Ubuild same network
€ -66 gross margin · 2025
TERRAE REAL ESTATE same network
€ -66 gross margin · 2025
So Real Holding same network
€ -66 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.740.442
- VAT number
- BE 0466.740.442
- Registered office
- Bosbeekstraat 29, 3511 Hasselt
- Names & denominations
- MURANO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1999
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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