MO MADE
ActiveSummary
The computed 12-month bankruptcy probability of MO MADE is 1.8% (moderate). The 2025 annual accounts show negative equity (-€113,442) and a net result of €10,578. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 18606 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+45
Solvency15▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.91 against 0.81 in 2024; short-term debt: 88% and cash: 2.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
285 d late
2023
21 d early
2022
281 d late
2021
31 d late
2020
334 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 137 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 May (4 of the last 5 filed years within 250 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€113,442▲ 8.5%
2024 · -€124,021
Total assets
€1.2m▲ 11.8%
2024 · €1.0m
Net result
€10,578
2024 · -€150,508
Working capital
-€96,017▲ 45.5%
2024 · -€176,128
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,281€24,660▲ 61.4%€30,408▲ 23.3%-€87,028€52,840
Net result€6,938below the sector's middle half-€5,934below the sector's middle half€3,670below the sector's middle half-€150,508below the sector's middle half€10,578within the sector's middle half
Equity€28,752below the sector's middle half▲ 31.8%€22,817below the sector's middle half▼ 20.6%€26,487below the sector's middle half▲ 16.1%-€124,021below the sector's middle half-€113,442below the sector's middle half▲ 8.5%
Total assets€664,078within the sector's middle half▲ 34.1%€926,360within the sector's middle half▲ 39.5%€938,382within the sector's middle half▲ 1.3%€1.0mabove the sector's middle half▲ 10.6%€1.2mabove the sector's middle half▲ 11.8%
Debt€635,326▲ 34.2%€903,543▲ 42.2%€911,895▲ 0.9%€1.2m▲ 27.4%€1.3m▲ 9.7%
Working capital-€224,786below the sector's middle half▲ 27.6%-€160,753below the sector's middle half▲ 28.5%-€64,665below the sector's middle half▲ 59.8%-€176,128below the sector's middle half▼ 172%-€96,017below the sector's middle half▲ 45.5%
Solvency4.3%below the sector's middle half▼ 0.1pp2.5%below the sector's middle half▼ 1.9pp2.8%below the sector's middle half▲ 0.4pp-12.0%below the sector's middle half▼ 14.8pp-9.8%below the sector's middle half▲ 2.2pp
Current ratio0.52below the sector's middle half▲ 0.250.75below the sector's middle half▲ 0.230.90below the sector's middle half▲ 0.150.81below the sector's middle half▼ 0.090.91within the sector's middle half▲ 0.10
Return on assets (ROA)1.0%below the sector's middle half▲ 13.0pp-0.6%below the sector's middle half▼ 1.7pp0.4%below the sector's middle half▲ 1.0pp-14.5%below the sector's middle half▼ 14.9pp0.9%within the sector's middle half▲ 15.4pp
Staff (FTE)19.6above the sector's middle half▲ 30.7%30.9above the sector's middle half▲ 57.7%30.2above the sector's middle half▼ 2.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €52,840 after a loss of €87,028 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€235,324 ▼ 22.8%
Current assets
€925,230 ▲ 26.2%
Key figures and ratios
EBITDA
€134,006▲
2024 · €4,303
Cash flow
€91,744▲
2024 · -€59,177
Quick ratio
0.83▲
2024 · 0.72
Debt to equity
-11.23▼
2024 · -9.37
Interest coverage
3.17▲
2024 · 0.07
Debt ≤ 1 year
€1.0m▲
2024 · €909,101
Debt > 1 year
€252,750=
2024 · €252,750
Staff costs
€995,070▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
3.6%
went bankrupt
1.7%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 522 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,877 | - | - |
| Remuneration, social security and pensions62 | €495,518 | €760,880 | €1.0m | €1.1m | €995,070 | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,972 | €91,266 | €97,976 | €91,331 | €81,165 | ▼ 11.1% |
| Other operating charges640/8 | €12,666 | €11,069 | €9,399 | €14,426 | €54,209 | ▲ 276% |
| Gross operating margin9900 | €607,437 | €887,875 | €1.2m | €1.1m | €1.2m | ▲ 9.8% |
| Operating profit (loss)9901 | €15,281 | €24,660 | €30,408 | -€87,028 | €52,840 | ▲ 161% |
| Financial income75/76B | €48 | €423 | €565 | €136 | €62 | ▼ 54.2% |
| Recurring financial income75 | €48 | €423 | €565 | €136 | €62 | ▼ 54.2% |
| Financial charges65/66B | €8,391 | €31,018 | €27,303 | €63,616 | €42,325 | ▼ 33.5% |
| Recurring financial charges65 | €7,336 | €31,018 | €27,303 | €63,616 | €42,325 | ▼ 33.5% |
| Non-recurring financial charges66B | €1,056 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €6,938 | -€5,934 | €3,670 | -€150,508 | €10,578 | ▲ 107% |
| Profit (loss) for the period9904 | €6,938 | -€5,934 | €3,670 | -€150,508 | €10,578 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €6,938 | -€5,934 | €3,670 | -€150,508 | €10,578 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €664,078 | €926,360 | €938,382 | €1.0m | €1.2m | ▲ 11.8% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €422,887 | €449,296 | €371,595 | €304,857 | €235,324 | ▼ 22.8% |
| Intangible fixed assets21 | €1,494 | €2,806 | €1,617 | €1,175 | €734 | ▼ 37.6% |
| Tangible fixed assets22/27 | €409,686 | €434,782 | €358,271 | €291,974 | €219,883 | ▼ 24.7% |
| Plant, machinery and equipment23 | €114,214 | €145,933 | €113,149 | €99,661 | €81,594 | ▼ 18.1% |
| Furniture and vehicles24 | €8,372 | €24,963 | €19,995 | €18,402 | €12,399 | ▼ 32.6% |
| Other tangible fixed assets26 | €287,100 | €263,886 | €225,127 | €173,911 | €125,890 | ▼ 27.6% |
| Financial fixed assets28 | €11,708 | €11,708 | €11,708 | €11,708 | €14,708 | ▲ 25.6% |
| Current assets29/58 | €241,190 | €477,065 | €566,787 | €732,973 | €925,230 | ▲ 26.2% |
| Stocks and contracts in progress3 | €21,500 | €71,325 | €71,325 | €74,327 | €76,362 | ▲ 2.7% |
| Stocks30/36 | €21,500 | €71,325 | €71,325 | €74,327 | €76,362 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €59,556 | €322,766 | €492,031 | €655,519 | €816,183 | ▲ 24.5% |
| Trade receivables40 | €32,917 | €214,585 | €482,696 | €644,605 | €805,750 | ▲ 25.0% |
| Other amounts receivable41 | €26,639 | €108,181 | €9,335 | €10,914 | €10,434 | ▼ 4.4% |
| Current investments50/53 | - | - | - | - | €4,964 | - |
| Cash at bank and in hand54/58 | €160,022 | €82,696 | €3,153 | €3,127 | €27,435 | ▲ 777% |
| Deferred charges and accrued income490/1 | €112 | €278 | €278 | - | €286 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €664,078 | €926,360 | €938,382 | €1.0m | €1.2m | ▲ 11.8% |
| Equity10/15 | €28,752 | €22,817 | €26,487 | -€124,021 | -€113,442 | ▲ 8.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €63,652 | €63,652 | €63,652 | €63,652 | €63,652 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €61,792 | €61,792 | €61,792 | €61,792 | €61,792 | = |
| Profit (loss) carried forward14 | -€53,501 | -€59,435 | -€55,765 | -€206,273 | -€195,695 | ▲ 5.1% |
| Amounts payable17/49 | €635,326 | €903,543 | €911,895 | €1.2m | €1.3m | ▲ 9.7% |
| Amounts payable after more than one year17 | €169,350 | €265,725 | €280,442 | €252,750 | €252,750 | = |
| Financial debts170/4 | €169,350 | €265,725 | €280,442 | €252,750 | €252,750 | = |
| Amounts payable within one year42/48 | €465,976 | €637,818 | €631,452 | €909,101 | €1.0m | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,554 | - | - |
| Financial debts43 | - | - | - | €80,000 | €45,000 | ▼ 43.8% |
| Other loans439 | - | - | - | €80,000 | €45,000 | ▼ 43.8% |
| Trade debts44 | €286,827 | €346,901 | €415,893 | €443,211 | €391,846 | ▼ 11.6% |
| Suppliers440/4 | €286,827 | €346,901 | €415,893 | €443,211 | €391,846 | ▼ 11.6% |
| Taxes, remuneration and social security45 | €133,945 | €290,917 | €161,370 | €291,429 | €584,347 | ▲ 101% |
| Taxes450/3 | €20,630 | €17,193 | €57,856 | €54,789 | €136,769 | ▲ 150% |
| Remuneration and social security454/9 | €113,315 | €273,724 | €103,514 | €236,640 | €447,578 | ▲ 89.1% |
| Other amounts payable47/48 | €45,204 | - | €54,188 | €79,907 | €54 | ▼ 99.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,938 | -€5,934 | €3,670 | -€150,508 | €10,578 | ▲ 107% |
| + Depreciation and write-downs630 | €83,972 | €91,266 | €97,976 | €91,331 | €81,165 | ▼ 11.1% |
| Operating cash flow (approximation) | €90,910 | €85,332 | €101,646 | -€59,177 | €91,744 | ▲ 255% |
| Investment in fixed assets (approximation) | - | -€117,675 | -€20,276 | -€24,593 | -€11,632 | ▲ 52.7% |
| Change in cash | - | -€77,327 | -€79,542 | -€26 | €24,307 | ▲ 94,424% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 285 days late
2025
30-09
Financial
Back to profitnet €10,578
Net result €10,578 after one loss-making year.
2024
30-09
Financial
Weakest financial yearnet -€150,508
Net result drops to -€150,508, the lowest in the series; recovery starts the following year.
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
05-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 281 days late
2023
30-09
Financial
Back to profitnet €3,670
Net result €3,670 after one loss-making year.
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 334 days late
2021
30-09
Financial
Back to profitnet €6,938
Net result €6,938 after 2 loss-making years.
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 37 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 5 establishment units since 2013
Ground area
6.6 ha
Building footprint
5.9 ha
Volume, LiDAR
512,479 m³
5 parcels, Brussels, Flanders · tallest building 27.4 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
5 establishment units
Mo Made Cupcakes
since 20132.227.605.097
Mo Made BVBA
since 20152.241.949.914
Mo Made Cupcakes
since 20162.257.463.182
Mo Made Cupcakes
since 20162.257.463.083
Mo Made Cupcakes
since 20192.282.310.030
5 parcels
Flanders
4
(80%)
Brussels
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0010/00E002 | Flanders | 5.6 ha | 1 · 4.9 ha | 27.4 m · 4 fl. |
| 11803C0320/00E000 | Flanders | 8,698 m² | 1 · 8,737 m² | - |
| 11513C0127/00F013 | Flanders | 476 m² | 1 · 375 m² | 11.5 m · 1 fl. |
| 21004A0980/00_000 | Brussels | 129 m² | 1 · 131 m² | 15.6 m · 4 fl. |
| 11804D0452/00_000 | Flanders | 30 m² | 1 · 30 m² | 15.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
3 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,896 EUR awarded · 6,896 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,176 EUR | 2,176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 294 EUR | 294 EUR |
| 2022 | 1 | 4,250 EUR | 4,250 EUR |
Recognitions · licences · registrations
Food safety, FASFC
5 sitesMortsel2.241.949.914
Brussel2.282.310.030
Antwerpen2.227.605.097
Antwerpen2.257.463.182
Show 1 more sites
Wijnegem2.257.463.083
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Polyvalent administratief ondersteuner (vwo)
Polyvalent administratief ondersteuner duaal (so)
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Of 2,403 companies in sector 47241 we hold annual accounts for 1,101. 881 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-11-2013
Fiscal year end30-09
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Contact
Website
www.momadecupcakes.be
E-mail
info@momadecupcakes.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542408261
Also
9925:BE0542408261
Registered
12-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.