Active BE 0676.596.081Private limited company

LES 3 MOREAU

Sterpenich, rue de Grass 21 ·6700 Arlon, Belgium· 9 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

LES 3 MOREAU has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52k and a net result of €23k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 9987 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€52k
Net result	€23k
Staff (FTE)	1.6
Better than sector	38%

Financial profile 5 of 5 axes measured · computed by Checked

82 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81

Profitability 100

Solvency 52

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.2% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

81 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€4k

estimate, not credit advice

Score history

63 2021

91 2022

70 2023

81 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.18 (≥ 1.0) +5

Profitability ROE 44% (≥ 10%) +10

Interest coverage Interest coverage 133.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 11-08-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~20.7%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	30.8%	42.3%	better than 38% of 9987 sector peers
Net result	€23k	€8k	better than 72% of 9974 sector peers
Equity	€52k	€45k	better than 54% of 10001 sector peers
Gross operating margin	€66k	€31k	better than 70% of 9961 sector peers
Staff costs	€13k	€31k	higher than 38% of 3519 sector peers

EBITDA

€52k

+107.2% 21-24

Net profit

€23k

+340.1% 21-24

Cash flow

€44k

+86.6% 21-24

Total assets

€168k

+3.0% 21-24

Equity

€52k

+62.8% 21-24

Working capital

€20k

-69.2% 21-24

Employees (FTE)

2

-27.3% 21-24

Staff costs

€13k

-13.7% 21-24

Income taxes

€8k

+497.7% 21-24

Dividends

€3k

+25.0% 21-24

Debt

€116k

-11.5% 21-24

Debt ≤ 1y

€115k

+136.2% 21-24

Debt > 1y

€5k

-62.9% 21-24

Current ratio

1.18

-50.2% 21-24

Quick ratio

0.98

-50.8% 21-24

Solvency

30.8%

+58.0% 21-24

Debt / equity

2.24

-45.6% 21-24

ROE

44.4%

+170.4% 21-24

ROA

13.7%

+327.1% 21-24

Interest coverage

133.36

+134.4% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€52k	€25k	€47k	€34k
Net profit	€23k	€5k	€23k	€17k
Cash flow	€44k	€24k	€40k	€33k
Staff costs	€13k	€15k	€21k	€2k
Income taxes	€8k	€1k	€6k	€767
Dividends	€3k	€2k	€2k	€2k
Total assets	€168k	€163k	€158k	€130k
Equity	€52k	€32k	€46k	€25k
Debt	€116k	€131k	€112k	€105k
of which ≤ 1y	€115k	€49k	€59k	€77k
of which > 1y	-	€5k	€14k	€26k
Working capital	€20k	€66k	€53k	€997
Employees (FTE)	1.6	2.2	1.0	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	1.18	2.37	1.90	1.01
Quick ratio	0.98	1.99	1.41	0.96
Working capital ratio	12.2%	40.8%	33.7%	0.8%
Solvency	30.8%	19.5%	28.8%	18.9%
Debt / equity	2.24	4.12	2.47	4.29
Long-term debt ratio	-	0.17	0.32	1.04
Interest coverage	133.36	56.90	64.74	36.21
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	13.7%	3.2%	14.8%	12.8%
ROE	44.4%	16.4%	51.4%	67.6%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €32k · 19.3% Current assets €135k · 80.7%

Equity & liabilities

Equity €52k · 30.8% Debt €116k · 69.2%

Full annual accounts (27 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€168k	€163k	€158k	€130k
Fixed assets	21/28	€32k	€48k	€45k	€52k
Formation expenses	20	-	-	-	€0
Intangible fixed assets	21	€811	€1k	€2k	€2k
Tangible fixed assets	22/27	€31k	€46k	€44k	€50k
Financial fixed assets	28	€175	€175	€175	€175
Current assets	29/58	€135k	€115k	€113k	€78k
Stocks & contracts in progress	3	€23k	€18k	€29k	€4k
Amounts receivable within one year	40/41	€40k	€20k	€23k	€39k
Cash & bank	54/58	€70k	€72k	€59k	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€168k	€163k	€158k	€130k
Equity	10/15	€52k	€32k	€46k	€25k
Contributions / capital	10/11	€6k	€6k	€6k	€6k
Reserves	13	€17k	€2k	€2k	€2k
Accumulated profits (losses)	14	€29k	€24k	€38k	€17k
Amounts payable	17/49	€116k	€131k	€112k	€105k
Amounts payable after one year	17	-	€5k	€14k	€26k
Amounts payable within one year	42/48	€115k	€49k	€59k	€77k
Trade debts payable within one year	44	€15k	€13k	€11k	€32k
Income statement
Gross operating margin	9900	€66k	€41k	€68k	€37k
Operating result	9901	€32k	€7k	€30k	€18k
Financial income	75	€18	€0	€27	€74
Financial charges	65	€393	€445	€721	€950
Result before taxes	9903	€31k	€7k	€29k	€17k
Income taxes	67/77	€8k	€1k	€6k	€767
Net result for the period	9904	€23k	€5k	€23k	€17k
Result to be appropriated	9905	€23k	€5k	€23k	€17k

Directors & mandates 3 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (23462195). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

MOREAU François
Director
State Gazette act 23462195 (19-12-2023)

Current
19-12-2023 → present
MOREAU Gilles
Director
State Gazette act 23462195 (19-12-2023)

Current
19-12-2023 → present
MOREAU Mathieu
Director
State Gazette act 23462195 (19-12-2023)

Current
19-12-2023 → present

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Private limited company(610)
Incorporation	07-06-2017
Status	Active
Postal code	6700

Establishment units 1 location

Les 3 Moreau

Sterpenich, rue de Grass 21, 6700 ArlonRepair and maintenance of electrical equipment

since 20172.264.883.979

Updates 8 events

All 10Financial 2Gazette 1Filings 7

2025

11-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 11 days late

2024

21-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €5k ▼77.7%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

19-12

State Gazette act Director changes

Rodolphe DELMEE

30-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 61 days late

14-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 167 days late

2022

31-12

Financial Highest result since 2021net €23k ▲40.9%

Net result €23k, the highest in the series.

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 61 days late

2020

30-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 91 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

19-12-2023 3 directors appointed Director changes·Rodolphe DELMEE

MOREAU François, Bestuurder
MOREAU Mathieu, Bestuurder
MOREAU Gilles, Bestuurder

Notary: Rodolphe DELMEE · Arlon

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001General electrical installation work43211Other amusement and recreation activities93299

Names & trade names

Legal nameFR

LES 3 MOREAU

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