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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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.9 to 1.9.
Financials
Financial year 2024
MUYLE ELECTRO MACHINERY DEVELOPMENT from Sombreffe, company number BE0692640178, closed financial year 2024 with a result of € 94,389 after tax. For that financial year MUYLE ELECTRO MACHINERY DEVELOPMENT recorded a gross margin of € 477,064 and equity of € 370,766. Compared with financial year 2023, the result moved from € 78,421 to € 94,389. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2025.
€ 370,766
▲ 34% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 94,389
▲ 20% vs 2023
Profit after tax over the fiscal year.
€ 136,533
▲ € 115,891 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 313,666.
People and assets in 2024
1.9
▼ 0.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 168,811
▼ 22% vs 2023
€ 88,800 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.
€ 32,466
▲ 49% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 323,503
▼ 6% vs 2023
€ 39,481 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.2 million
▲ 65% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 313,357
▲ 50% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 913,934 | € 705,282 | € 647,181 | € 477,064 | ▼ 26% |
| Profit after taxes | € 7,083 | € -19,353 | € 78,421 | € 94,389 | ▲ 20% |
| Equity | € 217,308 | € 197,955 | € 276,376 | € 370,766 | ▲ 34% |
| Total debts | € 1,620,226 | € 2,069,912 | € 1,318,149 | € 1,882,549 | ▲ 43% |
| Cash | € 50,350 | € 42,902 | € 20,642 | € 136,533 | ▲ € 115,891 |
| Land & buildings | € 92,125 | € 86,625 | € 81,125 | € 75,625 | ▼ 7% |
| Retained profit | € 160,208 | € 140,855 | € 219,276 | € 313,666 | ▲ 43% |
| Bank debt | € 559,121 | € 394,634 | € 344,174 | € 323,503 | ▼ 6% |
| Balance sheet total | € 1,837,534 | € 2,267,867 | € 1,594,525 | € 2,253,315 | ▲ 41% |
| Employees (FTE) | 16.3 | 7.9 | 2.3 | 1.9 | ▼ 0.4 |
Key figures of MUYLE ELECTRO MACHINERY DEVELOPMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MUYLE ELECTRO MACHINERY DEVELOPMENT?
What happened at MUYLE ELECTRO MACHINERY DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 94,389 (▲ 20% vs 2023). filed late Source: NBB ↗
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,083 profit in 2021 to € 94,389 profit in 2024.
Paid € 126,116 in corporate taxes since 2021.
Best year ever: 2024, with € 94,389 profit.
On average € 251,100 of value added per employee in 2024.
Management
Behind MUYLE ELECTRO MACHINERY DEVELOPMENT is Pascale Jacquemain. Pascale Jacquemain is also behind GESTION RENAISSANCE VILLETTE.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue de la Basse-Sambre, Boig. 14 box 5
5140 Sombreffe
Rue de Couillet 104
6001 Charleroi
Active since 1 July 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0692.640.178
- VAT number
- BE 0692.640.178
- Registered office
- Rue de la Basse-Sambre, Boig. 14 bus 5, 5140 Sombreffe
- Names & denominations
- MUYLE ELECTRO MACHINERY DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 2018
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected] 071 44 60 70
- Activities · NACE
Installatie van industriële machines, toestellen en werktuigen
Verspanend bewerken van metalen
Reparatie en onderhoud van elektrische apparatuur