MUSA is a bar in Namur. Private Limited, started on 1 June 2021, 1 establishment.

What is the address of MUSA?

The registered office of MUSA is located at Rue de l'Ouvrage 1, 5000 Namur.

Is MUSA still active?

Yes. According to the CBE (2 October 2026) MUSA is active, legal situation “Normale toestand”, started on 1 June 2021.

Is MUSA registered on Peppol?

Yes, MUSA is registered on the Peppol network with ID 0208:0768973438.

What is the enterprise number of MUSA?

The enterprise number of MUSA is BE0768973438.

When was MUSA founded?

MUSA was founded on 1 June 2021.

Who are the directors of MUSA?

According to the 2025 annual accounts, the directors of MUSA are: MUSA ISMAILI.

Is MUSA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 June 2021; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MUSA make in 2025?

MUSA recorded a loss after taxes of € 16,581 in financial year 2025.

What is the revenue of MUSA?

As a small company, MUSA is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -5,000.

MUSA (Private Limited) - Namur - BE0768973438

Dossier MUSA, printed on 2 October 2026 from databakkes.be/en/0768973438/musa. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.
Tight liquidity NBB

Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MUSA from Namur, company number BE0768973438, closed financial year 2025 with a result of € -16,581 after tax. For that financial year MUSA recorded a gross margin of € -5,000 and equity of € -52,939. Compared with financial year 2024, the result moved from € 208 to € -16,581. 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 24, 2026.

What it is worth Caution

€ -52,939

▼ € 16,581 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -16,581

▼ still € 208 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 365

▼ 71% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -54,439.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost estimate Staff cost at a one-person company Staff Only people on the payroll count here.€ 6,069 Likely the director’s social contribution or pension premium.The director’s pay Already netted into the gross margin, not shown separately in the accounts. Typical for one-person companies € 45,000 gross per year minimum for the reduced tax rate≈ € 2,100 net per month after contributions, tax and usually some benefits in kind, roughly Assumption based on the chart of accounts, not a figure from the source.

€ 6,069

▲ € 5,531 vs 2024

No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 20,014

▲ 27% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 13,263

▲ 49% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -9,092 Gross margin 2022: € -9,092 First fiscal year in the series	€ -17,175 Gross margin 2023: € -17,175 ▼ € 8,083 vs 2022 (€ -9,092) Unfavourable step	€ 4,708 Gross margin 2024: € 4,708 ▲ € 21,882 vs 2023 (€ -17,175) Favourable step	€ -5,000 Gross margin 2025: € -5,000 ▼ € 9,708 vs 2024 (€ 4,708) Unfavourable step	▼ € 9,708
Profit after taxes	€ -15,409 Profit after taxes 2022: € -15,409 First fiscal year in the series	€ -23,870 Profit after taxes 2023: € -23,870 ▼ € 8,461 vs 2022 (€ -15,409) Unfavourable step	€ 208 Profit after taxes 2024: € 208 ▲ € 24,078 vs 2023 (€ -23,870) Favourable step	€ -16,581 Profit after taxes 2025: € -16,581 ▼ € 16,788 vs 2024 (€ 208) Unfavourable step	▼ € 16,788
Equity	€ -12,696 Equity 2022: € -12,696 First fiscal year in the series	€ -36,566 Equity 2023: € -36,566 ▼ € 23,870 vs 2022 (€ -12,696) Unfavourable step	€ -36,358 Equity 2024: € -36,358 ▲ € 208 vs 2023 (€ -36,566) Favourable step	€ -52,939 Equity 2025: € -52,939 ▼ € 16,581 vs 2024 (€ -36,358) Unfavourable step	▼ € 16,581
Total debts	€ 19,669 Total debts 2022: € 19,669 First fiscal year in the series	€ 41,240 Total debts 2023: € 41,240 ▲ 110% vs 2022 (€ 19,669) Unfavourable step	€ 41,016 Total debts 2024: € 41,016 ▼ 1% vs 2023 (€ 41,240) Favourable step	€ 59,747 Total debts 2025: € 59,747 ▲ 46% vs 2024 (€ 41,016) Unfavourable step	▲ 46%
Cash	€ 3,345 Cash 2022: € 3,345 First fiscal year in the series	€ 1,510 Cash 2023: € 1,510 ▼ 55% vs 2022 (€ 3,345) Unfavourable step	€ 1,251 Cash 2024: € 1,251 ▼ 17% vs 2023 (€ 1,510) Unfavourable step	€ 365 Cash 2025: € 365 ▼ 71% vs 2024 (€ 1,251) Unfavourable step	▼ 71%
Retained profit	€ -14,196 Retained profit 2022: € -14,196 First fiscal year in the series	€ -38,066 Retained profit 2023: € -38,066 ▼ € 23,870 vs 2022 (€ -14,196) Unfavourable step	€ -37,858 Retained profit 2024: € -37,858 ▲ € 208 vs 2023 (€ -38,066) Favourable step	€ -54,439 Retained profit 2025: € -54,439 ▼ € 16,581 vs 2024 (€ -37,858) Unfavourable step	▼ € 16,581
Balance sheet total	€ 6,973 Balance sheet total 2022: € 6,973 First fiscal year in the series	€ 4,674 Balance sheet total 2023: € 4,674 ▼ 33% vs 2022 (€ 6,973) Unchanged	€ 4,658 Balance sheet total 2024: € 4,658 Unchanged (€ 4,674) Unchanged	€ 6,808 Balance sheet total 2025: € 6,808 ▲ 46% vs 2024 (€ 4,658) Unchanged	▲ 46%

Key figures of MUSA, 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 MUSA?

What happened at MUSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 24, 2026 New annual accounts for financial year 2025: loss of € 16,581 (▼ € 16,788 vs 2024). filed late Source: NBB ↗
Jul 15, 2021 New establishment in Namur. KBO
Jun 1, 2021 Start of the company according to the CBE. KBO

In short

From € 15,409 loss in 2022 to € 16,581 loss in 2025.

Best year ever: 2024, with € 208 profit.

Original PDFs at the National Bank ↗

A new publication or filing at MUSA? We notify you, reason included.

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My folder 3 companies

De Lijn 8 June 2026 New annual account 2025

filed on 8 June 2026

What was left

€ 20 k ▼ 91%
Money in the bank

€ 178 k ▼ 98%

Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit

Real filings at the National Bank

Management

MUSA ISMAILI

MUSA

Behind MUSA is MUSA ISMAILI.

See the full network in the app

Directors

According to the 2025 annual accounts

MUSA ISMAILI

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de l'Ouvrage 1

5000 Namur

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0768.973.438
VAT number: BE 0768.973.438
Registered office: Rue de l'Ouvrage 1, 5000 Namur
Names & denominations: MUSA
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 1 June 2021
Peppol: Active · Active since 4 Feb 2026
Activities · NACE: Cafés en bars

View on CBE Public ↗ Annual accounts (NBB) ↗