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 3 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUTE BELGIUM from Brussel, company number BE0788235262, closed financial year 2025 with a result of € 6,240 after tax. For that financial year MUTE BELGIUM recorded a gross margin of € 204,417 and equity of € -43,228. Compared with financial year 2024, the result moved from € -11,152 to € 6,240. Profitable, and profit is growing. 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 23, 2026.
€ -43,228
▲ € 6,240 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,240
▲ still € 11,152 loss in 2024
Profit after tax over the fiscal year.
€ 8,415
▲ 50% 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 € -46,228.
People and assets in 2025
1.8
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 84,043
▲ € 70,223 vs 2024
€ 46,700 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.
€ 362,687
▲ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 329,161
▲ 21% vs 2024
€ 52,342 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 109,476
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,270
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 7,466 | € 81,238 | € 204,417 | ▲ 152% |
| Profit after taxes | € -41,316 | € -11,152 | € 6,240 | ▲ € 17,392 |
| Equity | € -38,316 | € -49,468 | € -43,228 | ▲ € 6,240 |
| Total debts | € 301,439 | € 540,112 | € 506,210 | ▼ 6% |
| Cash | € 15,324 | € 5,610 | € 8,415 | ▲ 50% |
| Retained profit | € -41,316 | € -52,468 | € -46,228 | ▲ € 6,240 |
| Bank debt | € 234,958 | € 271,770 | € 329,161 | ▲ 21% |
| Balance sheet total | € 263,123 | € 490,644 | € 462,982 | ▼ 6% |
| Employees (FTE) | - | 1 | 1.8 | ▲ 0.8 |
Key figures of MUTE BELGIUM, fiscal years 2023 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 MUTE BELGIUM?
What happened at MUTE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,240. filed late Source: NBB ↗
- New establishment in Grimbergen. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,316 loss in 2023 to € 6,240 profit in 2025.
Best year ever: 2025, with € 6,240 profit.
On average € 113,600 of value added per employee in 2025.
A new publication or filing at MUTE BELGIUM? We notify you, reason included.
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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
Management
The stake of TSAKI, H-Group Services comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MUTE BELGIUMBehind MUTE BELGIUM is Pieter Ramaekers. The shares are held by TSAKI (50%) and H-Group Services (50%).
Directors
According to the 2025 annual accounts
Pieter Ramaekers
Director
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groendreef 2 box 8.2
1000 Brussel
Antwerpselaan 6 box 4
1853 Grimbergen
Active since 1 April 2024
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
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
GoDaddy DNS
Domain
Domain
e-mute.com
Registered
2015-08-12
Registrar
GoDaddy.com, LLC
Expires
2026-08-12
Website info
Features
Security
Details
- Company number
- 0788.235.262
- VAT number
- BE 0788.235.262
- Registered office
- Groendreef 2 bus 8.2, 1000 Brussel
- Names & denominations
- MUTE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2022
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- e-mute.com [email protected]
- Activities · NACE
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