ACTIVE

MUSH

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Financial year 2025 · closed on 31/12/2025
Net result
61,9 k €
-27.7% YoY
Gross margin
106,4 k €
-22.9% YoY
Equity
354,3 k €
-3.9% YoY

What does MUSH do?

MUSH is a Private company with limited liability incorporated in 2014. Its main activity is: Specialist medical practice activities. Its registered office is in Kraainem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0544.771.301
Incorporation
27/01/2014
Legal form
Private company with limited liability
Registered office
Avenue des Faisans 1
1950 Kraainem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
86220Specialist medical practice activities· main86220Specialist medical practice activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120192018201720162015
Income statement
Gross margin106,4 k €138,1 k €142,6 k €127,7 k €129,5 k €77,6 k €51,6 k €75,8 k €-933,5 €229,1 k €
EBITDA105,2 k €131 k €142,1 k €125,2 k €128,4 k €140,9 k €50,4 k €10,7 k €-17,3 k €224,9 k €
Operating result90 k €120,3 k €133 k €116,3 k €117,8 k €131,3 k €45 k €6,3 k €-21,1 k €167,9 k €
Net result61,9 k €85,7 k €94,7 k €83,7 k €84,1 k €68,8 k €38,5 k €-7,3 k €-28,1 k €106,6 k €
Balance sheet
Equity354,3 k €368,6 k €306,4 k €235,2 k €180,9 k €197,1 k €122,1 k €83,6 k €90,9 k €119 k €
Total assets421,7 k €401,6 k €338 k €283,7 k €207,7 k €211,5 k €206,9 k €175,7 k €155,5 k €426,2 k €
Cash54,1 k €97,2 k €99,9 k €109,5 k €52,5 k €27,7 k €59,4 k €65,5 k €110,5 k €80,9 k €
Debts67,4 k €33 k €31,6 k €48,5 k €26,8 k €14,4 k €20,5 k €27,8 k €64,6 k €307,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Véronique Mustin

Director · since 27 janvier 2014

Active

Ended mandates

VERONIQUE MUSTIN

Manager · since 27 janvier 2014

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/08/202617/06/202523/08/202431/08/202326/07/202226/07/2021
General meeting05/06/202606/06/202507/06/202403/06/202303/06/202203/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202627/08/2026FrenchPDF
Micro model31/12/202406/06/202517/06/2025FrenchPDF
Micro model31/12/202307/06/202423/08/2024FrenchPDF
Micro model31/12/202203/06/202331/08/2023FrenchPDF
Micro model31/12/202103/06/202226/07/2022FrenchPDF
Micro model31/12/202003/06/202126/07/2021FrenchPDF
Micro model31/12/201905/06/202028/08/2020FrenchPDF
Micro model31/12/201807/06/201928/08/2019FrenchPDF
Micro model31/12/201701/06/201830/08/2018FrenchPDF
Abridged model31/12/201602/06/201731/08/2017FrenchPDF
Abridged model30/06/201526/12/201528/12/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Véronique Mustin

Director · since 27 janvier 2014

Active

Ended mandates

VERONIQUE MUSTIN

Manager · since 27 janvier 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other08/07/2016
    DOEL - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office29/04/2016
    SIEGE SOCIAL
    PDF
  • Registered office18/11/2014
    SIEGE SOCIAL
    PDF
  • Other29/01/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202561,9 k €↓
  2. 2024
    Annual accounts 202485,7 k €↓
  3. 2023
    Annual accounts 202394,7 k €↑
  4. 2022
    Annual accounts 202283,7 k €↓
  5. 2021
    Annual accounts 202184,1 k €↑
  6. 2019
    Annual accounts 201968,8 k €↑
  7. 2018
    Annual accounts 201838,5 k €↑
  8. 2017
    Annual accounts 2017-7,3 k €↑
  9. 2016
    Annual accounts 2016-28,1 k €↓
  10. 2015
    Annual accounts 2015106,6 k €
  11. 27/01/2014
    IncorporationPrivate company with limited liability