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 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUZZE from Harelbeke, company number BE0778979185, closed financial year 2025 with a result of € 99,443 after tax. For that financial year MUZZE recorded a gross margin of € 130,153 and equity of € 15,777. Compared with financial year 2024, the result moved from € 95,460 to € 99,443. Profitable, and profit is growing. The buffer shrank hard: equity is 91 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 28, 2026.
€ 15,777
▼ 91% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,443
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 10,901
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 258,372 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 14,453
▲ 84% 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.
€ 10,820
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,661 | € 58,143 | € 124,129 | € 130,153 | ▲ 5% |
| Profit after taxes | € 35,889 | € 45,289 | € 95,460 | € 99,443 | ▲ 4% |
| Equity | € 37,289 | € 80,912 | € 174,706 | € 15,777 | ▼ 91% |
| Total debts | € 12,270 | € 10,335 | € 11,595 | € 114,894 | ▲ € 103,299 |
| Cash | € 32,732 | € 53,228 | € 104,452 | € 10,901 | ▼ 90% |
| Retained profit | € 34,289 | € 77,912 | € 171,706 | € 12,777 | ▼ 93% |
| Dividend | € 1,600 | € 1,666 | € 1,666 | € 258,372 | ▲ € 256,706 |
| Balance sheet total | € 49,559 | € 91,247 | € 186,302 | € 130,671 | ▼ 30% |
Key figures of MUZZE, 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 MUZZE?
What happened at MUZZE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,443 (▲ 4% vs 2024). Source: NBB ↗
- New establishment in Harelbeke. KBO
- Wouter Naert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 35,889 profit in 2022 to € 99,443 profit in 2025.
Paid € 75,779 in corporate taxes since 2022.
Best year ever: 2025, with € 99,443 profit.
Paid out € 263,304 in dividends to the owners in total.
Management
Behind MUZZE is Wouter Naert. Wouter Naert is also behind SOENEN TECHNOLOGY.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Zandbergstraat 22
8530 Harelbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.979.185
- VAT number
- BE 0778.979.185
- Registered office
- Zandbergstraat 22, 8530 Harelbeke
- Names & denominations
- MUZZE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2021
- Peppol
- Active · Active since 31 Oct 2023
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