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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Negative equity NBB
More debt than assets in 2 of the last 2 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 14 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2025
MUSELAB from Sint-Gillis (bij-Brussel), company number BE1009938165, closed financial year 2025 with a result of € -89,120 after tax. For that financial year MUSELAB recorded a gross margin of € 408,611 and equity of € -321,168. Compared with financial year 2024, the result moved from € -51,623 to € -89,120. 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 September 23, 2026.
€ -321,168
▼ € 89,120 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -89,120
▼ 73 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
3
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 469,984
▲ 34% vs 2024
€ 156,700 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.
€ 1,255
▼ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 189,757
▲ 106% vs 2024
Loans from banks and other lenders, long and short.
€ 155,569
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 45,150
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 330,558 | € 408,611 | ▲ 24% |
| Profit after taxes | € -51,623 | € -89,120 | ▼ € 37,497 |
| Equity | € -232,048 | € -321,168 | ▼ € 89,120 |
| Total debts | € 521,687 | € 390,476 | ▼ 25% |
| Retained profit | € -1,712,565 | € -1,801,685 | ▼ € 89,120 |
| Bank debt | € 92,228 | € 189,757 | ▲ 106% |
| Balance sheet total | € 289,639 | € 69,308 | ▼ 76% |
| Employees (FTE) | 4.3 | 3 | ▼ 1.3 |
Key figures of MUSELAB, fiscal years 2024 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 MUSELAB?
What happened at MUSELAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MUSELAB is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2025: loss of € 89,120. filed late Source: NBB ↗
- Nicolas Debray became a director. NBB
- Thomas Angerer became a director. NBB
- Boris Kaisin became a director. NBB
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 51,623 loss in 2024 to € 89,120 loss in 2025.
Paid € 76 in corporate taxes since 2024.
On average € 136,200 of value added per employee in 2025.
Management
Behind MUSELAB are Nicolas Debray, Thomas Angerer and Boris Kaisin. The same people are also behind BEINFLUENCE.
Directors
According to the 2025 annual accounts
since 2025
since 2025
since 2025
Establishments
Establishment units
Physical locations of this company
Livornostraat 7 box 6
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →Entreprises Emeric Kroch
€ 13,710 gross margin · 2025
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€ -13,562 gross margin · 2025
ECJ INVEST
€ 542,325 gross margin · 2025
GESTINFOR
€ 25,724 gross margin · 2025
COFIMBRA
€ 57,283 gross margin · 2025
+83 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
- 1009.938.165
- VAT number
- BE 1009.938.165
- Registered office
- Livornostraat 7 bus 6, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- MUSELAB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 1 June 2024
- Peppol
- Not registered
- Activities · NACE
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