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MO MADE

Judicial reorganisation
Private limited companyfounded 2013active for 12 yearsReyndersstraat 37, 2000 Antwerpen, BelgiumKBO/BCE: BE 0542.408.261
Summary

The file of MO MADE contains 1 judicial reorganisation, as published in the Belgian Official Gazette. The KBO register currently lists the legal status of MO MADE as special situation, with no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. 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 22,632 sector peers (NACE 47, financial year 2025).

Financials · financial year 2025, micro format

2025 annual accounts filed late (27 days) Filed on 27 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00122434.

Turnover
≈ €4.9m
Estimated: probably between €2.8m and €8.5m
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

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.05m 2025 Net result€0.01m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€461--€0.07m€0.02m€0.02m▲ 61.4%€0.03m▲ 23.3%-€0.09m€0.05m
Net result-€0.001m--€0.06mbelow the sector's middle half▼ 5,845%€0.007mbelow the sector's middle half-€0.006mbelow the sector's middle half€0.004mbelow the sector's middle half-€0.2mbelow the sector's middle half€0.01mwithin the sector's middle half
Equity€0.08m-€0.02mbelow the sector's middle half▼ 73.2%€0.03mbelow the sector's middle half▲ 31.8%€0.02mbelow the sector's middle half▼ 20.6%€0.03mbelow the sector's middle half▲ 16.1%-€0.1mbelow the sector's middle half-€0.1mbelow the sector's middle half▲ 8.5%
Total assets€0.4m-€0.5mwithin the sector's middle half▲ 14.4%€0.7mwithin the sector's middle half▲ 34.1%€0.9mwithin the sector's middle half▲ 39.5%€0.9mwithin 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€0.4m-€0.5m▲ 34.7%€0.6m▲ 34.2%€0.9m▲ 42.2%€0.9m▲ 0.9%€1.2m▲ 27.4%€1.3m▲ 9.7%
Working capital-€0.3m--€0.3mbelow the sector's middle half▼ 7.8%-€0.2mbelow the sector's middle half▲ 27.6%-€0.2mbelow the sector's middle half▲ 28.5%-€0.06mbelow the sector's middle half▲ 59.8%-€0.2mbelow the sector's middle half▼ 172%-€0.1mbelow the sector's middle half▲ 45.5%
Solvency18.8%-4.4%below the sector's middle half▼ 14.4pp4.3%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 ratio0.18-0.27below the sector's middle half▲ 0.090.52below 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)-0.2%--12.0%below the sector's middle half▼ 11.8pp1.0%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)10.2-15above the sector's middle half▲ 47.1%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 of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff figure corrected
  • 2021 Filed: 495,518; shown: 19.6 (source: social balance report). The filed figure means under EUR 100 of staff costs per FTE.
  • 2020 Filed: 401,223.6; shown: 15 (source: average staff, item 9087). The filed figure means under EUR 100 of staff costs per FTE.
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%
Equity and liabilities
Equity-€113,442
Debt€1.3m
Equity is negative: debt (€1.3m) exceeds the balance-sheet total (€1.2m).
Key figures and ratios
2025 value · change against 2024
EBITDA
€134,006▲
2024 · €4,303
Cash flow
€91,744▲
2024 · -€59,177
Quick ratio
0.83▲
2024 · 0.72
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
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.0m€1.2m▲
Formation expenses20€0€0=
Fixed assets21/28€0.3m€0.2m▼
Intangible fixed assets21€0.001m€0.001m▼
Tangible fixed assets22/27€0.3m€0.2m▼
Plant, machinery and equipment23€0.1m€0.08m▼
Furniture and vehicles24€0.02m€0.01m▼
Other tangible fixed assets26€0.2m€0.1m▼
Financial fixed assets28€0.01m€0.01m▲
Current assets29/58€0.7m€0.9m▲
Stocks and contracts in progress3€0.07m€0.08m▲
Stocks30/36€0.07m€0.08m▲
Amounts receivable within one year40/41€0.7m€0.8m▲
Trade receivables40€0.6m€0.8m▲
Other amounts receivable41€0.01m€0.01m▼
Current investments50/53-€0.005m
Cash at bank and in hand54/58€0.003m€0.03m▲
Deferred charges and accrued income490/1-€286
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.2m▲
Equity10/15-€0.1m-€0.1m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.06m€0.06m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€0.06m€0.06m=
Profit (loss) carried forward14-€0.2m-€0.2m▲
Amounts payable17/49€1.2m€1.3m▲
Amounts payable after more than one year17€0.3m€0.3m=
Financial debts170/4€0.3m€0.3m=
Amounts payable within one year42/48€0.9m€1.0m▲
Current portion of amounts payable after more than one year42€0.01m-
Financial debts43€0.08m€0.05m▼
Other loans439€0.08m€0.05m▼
Trade debts44€0.4m€0.4m▼
Suppliers440/4€0.4m€0.4m▼
Taxes, remuneration and social security45€0.3m€0.6m▲
Taxes450/3€0.05m€0.1m▲
Remuneration and social security454/9€0.2m€0.4m▲
Other amounts payable47/48€0.08m€54▼
Income statement Code20242025
Non-recurring operating income76A€0.002m-
Remuneration, social security and pensions62€1.1m€1.0m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.08m▼
Other operating charges640/8€0.01m€0.05m▲
Gross operating margin9900€1.1m€1.2m▲
Operating profit (loss)9901-€0.09m€0.05m▲
Financial income75/76B€136€62▼
Recurring financial income75€136€62▼
Financial charges65/66B€0.06m€0.04m▼
Recurring financial charges65€0.06m€0.04m▼
Profit (loss) for the period before taxes9903-€0.2m€0.01m▲
Profit (loss) for the period9904-€0.2m€0.01m▲
Profit (loss) for the period to be appropriated9905-€0.2m€0.01m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.2m▲
Profit (loss) brought forward from the previous period14P-€0.06m-€0.2m▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A-----€0.002m--
Remuneration, social security and pensions62--€0.5m€0.8m€1.0m€1.1m€1.0m▼ 6.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.07m€0.08m€0.08m€0.09m€0.1m€0.09m€0.08m▼ 11.1%
Other operating charges640/8--€0.01m€0.01m€0.009m€0.01m€0.05m▲ 276%
Gross operating margin9900€0.4m€0.4m€0.6m€0.9m€1.2m€1.1m€1.2m▲ 9.8%
Operating profit (loss)9901€461-€0.07m€0.02m€0.02m€0.03m-€0.09m€0.05m-
Financial income75/76B--€48€423€0.001m€136€62▼ 54.2%
Recurring financial income75€0.001m€0.002m€48€423€0.001m€136€62▼ 54.2%
Financial charges65/66B--€0.008m€0.03m€0.03m€0.06m€0.04m▼ 33.5%
Recurring financial charges65€0.001m€0.001m€0.007m€0.03m€0.03m€0.06m€0.04m▼ 33.5%
Non-recurring financial charges66B--€0.001m-----
Profit (loss) for the period before taxes9903€0.001m-€0.06m€0.007m-€0.006m€0.004m-€0.2m€0.01m-
Income taxes67/77€0.002m-------
Profit (loss) for the period9904-€0.001m-€0.06m€0.007m-€0.006m€0.004m-€0.2m€0.01m-
Profit (loss) for the period to be appropriated9905-€0.001m-€0.06m€0.007m-€0.006m€0.004m-€0.2m€0.01m-
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.4m€0.5m€0.7m€0.9m€0.9m€1.0m€1.2m▲ 11.8%
Formation expenses20-----€0€0-
Fixed assets21/28€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m€0.2m▼ 22.8%
Intangible fixed assets21€0.003m€0.002m€0.001m€0.003m€0.002m€0.001m€0.001m▼ 37.6%
Tangible fixed assets22/27€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m€0.2m▼ 24.7%
Plant, machinery and equipment23--€0.1m€0.1m€0.1m€0.1m€0.08m▼ 18.1%
Furniture and vehicles24--€0.008m€0.02m€0.02m€0.02m€0.01m▼ 32.6%
Other tangible fixed assets26--€0.3m€0.3m€0.2m€0.2m€0.1m▼ 27.6%
Financial fixed assets28€0.009m€0.009m€0.01m€0.01m€0.01m€0.01m€0.01m▲ 25.6%
Current assets29/58€0.06m€0.1m€0.2m€0.5m€0.6m€0.7m€0.9m▲ 26.2%
Stocks and contracts in progress3€0.004m€0.02m€0.02m€0.07m€0.07m€0.07m€0.08m▲ 2.7%
Stocks30/36--€0.02m€0.07m€0.07m€0.07m€0.08m▲ 2.7%
Amounts receivable within one year40/41€0.03m€0.03m€0.06m€0.3m€0.5m€0.7m€0.8m▲ 24.5%
Trade receivables40--€0.03m€0.2m€0.5m€0.6m€0.8m▲ 25.0%
Other amounts receivable41--€0.03m€0.1m€0.009m€0.01m€0.01m▼ 4.4%
Current investments50/53------€0.005m-
Cash at bank and in hand54/58€0.03m€0.06m€0.2m€0.08m€0.003m€0.003m€0.03m▲ 777%
Deferred charges and accrued income490/1--€112€278€278-€286-
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.5m€0.7m€0.9m€0.9m€1.0m€1.2m▲ 11.8%
Equity10/15€0.08m€0.02m€0.03m€0.02m€0.03m-€0.1m-€0.1m▲ 8.5%
Contributions10/11€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Non-distributable reserves130/1--€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311--€0.002m€0.002m€0.002m€0.002m€0.002m=
Distributable reserves133--€0.06m€0.06m€0.06m€0.06m€0.06m=
Profit (loss) carried forward14-€0.001m-€0.06m-€0.05m-€0.06m-€0.06m-€0.2m-€0.2m▲ 5.1%
Amounts payable17/49€0.4m€0.5m€0.6m€0.9m€0.9m€1.2m€1.3m▲ 9.7%
Amounts payable after more than one year17-€0.05m€0.2m€0.3m€0.3m€0.3m€0.3m=
Financial debts170/4--€0.2m€0.3m€0.3m€0.3m€0.3m=
Amounts payable within one year42/48€0.4m€0.4m€0.5m€0.6m€0.6m€0.9m€1.0m▲ 12.3%
Current portion of amounts payable after more than one year42-----€0.01m--
Financial debts43-----€0.08m€0.05m▼ 43.8%
Other loans439-----€0.08m€0.05m▼ 43.8%
Trade debts44€0.2m€0.3m€0.3m€0.3m€0.4m€0.4m€0.4m▼ 11.6%
Suppliers440/4--€0.3m€0.3m€0.4m€0.4m€0.4m▼ 11.6%
Taxes, remuneration and social security45--€0.1m€0.3m€0.2m€0.3m€0.6m▲ 101%
Taxes450/3--€0.02m€0.02m€0.06m€0.05m€0.1m▲ 150%
Remuneration and social security454/9--€0.1m€0.3m€0.1m€0.2m€0.4m▲ 89.1%
Other amounts payable47/48--€0.05m-€0.05m€0.08m€54▼ 99.9%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€1,000-€59,439€6,938-€5,934€3,670-€150,508€10,578-
+ Depreciation and write-downs630€71,685€75,271€83,972€91,266€97,976€91,331€81,165▼ 11.1%
Operating cash flow (approximation)€70,686€15,832€90,910€85,332€101,646-€59,177€91,744-
Investment in fixed assets (approximation)--€88,243-€124,589-€117,675-€20,276-€24,593-€11,632▲ 52.7%
Change in cash-€30,057€102,487-€77,327-€79,542-€26€24,307-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 micro format 27-05-2026 2026-00122434
30-09-2024 micro format 09-02-2026 2026-00036539
30-09-2023 abbreviated format 09-04-2024 2024-00059985
30-09-2022 abbreviated format 05-02-2024 2024-00025521
30-09-2021 abbreviated format 31-05-2022 2022-20039233
30-09-2020 abbreviated format 30-03-2022 2022-09400244
30-09-2019 micro format 25-05-2020 2020-12800384
30-09-2018 micro format 29-04-2019 2019-11100594
30-09-2017 micro format 31-05-2018 2018-14800520
30-09-2016 abbreviated format 06-06-2017 2017-15100257

Show all 12 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 2,357 active companies whose main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241), figures are known for 1,135. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 5 entries · €6,896 awarded · €6,896 paid
Year Entries AwardedPaid
2025 2 €2,176€2,176
2024 1 €176€176
2023 1 €294€294
2022 1 €4,250€4,250
Schemes
1 entry · €4,250 · €4,250 paid · Departement Werk en Sociale Economie
1 entry · €2,000 · €2,000 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
3 entries · €646 · €646 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.