MOA
ActiveSummary
The computed 12-month bankruptcy probability of MOA is 1.8% (moderate). The 2025 annual accounts show negative equity (-€5,848) and a net result of -€2,122. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 14462 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
How big
€432,219total assets 2025
- Equity
- -€5,848
- Loss
- -€2,122
Turnover not published (abridged schema)
Who decides
Accounts filed 18 d late0 of 1 deed read
Why 40- Limited track record- Higher-failure-rate region- Annual accounts: weaker financial profile- Negative equity+ Lower-failure-rate sectorFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+1
Solvency24=
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 101.4% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.4%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€5,848
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 4 filingsDeviation from the deadline
2025
18 d late
2024
19 d late
2023
30 d late
2022
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €432,219Loss -€2,122Solvency -1.4%Liquidity 0.00
Turnover
€3,630
2022
Net result
-€2,122▲ 56.6%
2022 - 2025
Equity
-€5,848▼ 57.0%
2022 - 2025
Solvency
-1.4%▼ 0.5pp
2022 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€3,630-
Operating result-€4,942-€6,077-€4,477-€1,898▲ 57.6%
Net result-€4,942within the sector's middle half-€6,007within the sector's middle half-€4,891within the sector's middle half-€2,122within the sector's middle half▲ 56.6%
EBIT margin-136.1%-
Equity-€4,842below the sector's middle half-€1,165below the sector's middle half-€3,726below the sector's middle half-€5,848below the sector's middle half▼ 57.0%
Total assets€9,078below the sector's middle half-€481,551within the sector's middle half▲ 5,205%€456,433within the sector's middle half▼ 5.2%€432,219within the sector's middle half▼ 5.3%
Debt€13,920-€480,386▲ 3,351%€460,159▼ 4.2%€438,067▼ 4.8%
Working capital-€4,842within the sector's middle half--€479,982below the sector's middle half▼ 9,813%-€460,152below the sector's middle half▲ 4.1%-€437,553below the sector's middle half▲ 4.9%
Solvency-53.3%below the sector's middle half-0.2%below the sector's middle half▲ 53.6pp-0.8%below the sector's middle half▼ 1.1pp-1.4%below the sector's middle half▼ 0.5pp
Current ratio0.65within the sector's middle half-0.00below the sector's middle half▼ 0.650.00below the sector's middle half=0.00below the sector's middle half=
Return on assets (ROA)-54.4%below the sector's middle half-1.2%within the sector's middle half▲ 55.7pp-1.1%within the sector's middle half▼ 2.3pp-0.5%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,898 in 2025 against €4,477 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432,219
Fixed assets
€431,705 ▼ 5.4%
Current assets
€514 ▲ 7,022%
Equity and liabilities
Equity-€5,848
Debt€438,067
Equity is negative: debt (€438,067) exceeds the balance-sheet total (€432,219).
Key figures and ratios
Key figures and ratios
EBITDA
€22,823▲
2024 · €20,244
Cash flow
€22,599▲
2024 · €19,830
Interest coverage
101.91▲
2024 · 100.71
Debt ≤ 1 year
€438,067▼
2024 · €460,159
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.
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
4.6%
went bankrupt
3.6%
stopped otherwise
92%
still going
A further 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,555 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €3,630 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €8,572 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €13,275 | €24,721 | €24,721 | = |
| Other operating charges640/8 | - | €384 | €387 | €4,423 | ▲ 1,042% |
| Gross operating margin9900 | -€4,942 | €19,736 | €20,632 | €27,246 | ▲ 32.1% |
| Operating profit (loss)9901 | -€4,942 | €6,077 | -€4,477 | -€1,898 | ▲ 57.6% |
| Financial charges65/66B | - | €70 | €201 | €224 | ▲ 11.4% |
| Recurring financial charges65 | - | €70 | €201 | €224 | ▲ 11.4% |
| Profit (loss) for the period before taxes9903 | -€4,942 | €6,007 | -€4,678 | -€2,122 | ▲ 54.6% |
| Income taxes67/77 | - | - | €213 | - | - |
| Profit (loss) for the period9904 | -€4,942 | €6,007 | -€4,891 | -€2,122 | ▲ 56.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,942 | €6,007 | -€4,891 | -€2,122 | ▲ 56.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,078 | €481,551 | €456,433 | €432,219 | ▼ 5.3% |
| Fixed assets21/28 | - | €481,147 | €456,426 | €431,705 | ▼ 5.4% |
| Tangible fixed assets22/27 | - | €481,147 | €456,426 | €431,705 | ▼ 5.4% |
| Land and buildings22 | - | €481,147 | €456,426 | €431,705 | ▼ 5.4% |
| Current assets29/58 | €9,078 | €404 | €7 | €514 | ▲ 7,022% |
| Amounts receivable within one year40/41 | €9,075 | - | - | - | - |
| Trade receivables40 | €9,075 | - | - | - | - |
| Cash at bank and in hand54/58 | €3 | €404 | €7 | €514 | ▲ 7,022% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,078 | €481,551 | €456,433 | €432,219 | ▼ 5.3% |
| Equity10/15 | -€4,842 | €1,165 | -€3,726 | -€5,848 | ▼ 57.0% |
| Contributions10/11 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | -€4,942 | €1,065 | -€3,826 | -€5,948 | ▼ 55.5% |
| Amounts payable17/49 | €13,920 | €480,386 | €460,159 | €438,067 | ▼ 4.8% |
| Amounts payable within one year42/48 | €13,920 | €480,386 | €460,159 | €438,067 | ▼ 4.8% |
| Trade debts44 | €5,445 | - | - | - | - |
| Suppliers440/4 | €5,445 | - | - | - | - |
| Advances received on contracts in progress46 | €3,630 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €216 | €306 | €261 | ▼ 14.7% |
| Taxes450/3 | - | €216 | €306 | €261 | ▼ 14.7% |
| Other amounts payable47/48 | €4,845 | €480,171 | €459,853 | €437,806 | ▼ 4.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,942 | €6,007 | -€4,891 | -€2,122 | ▲ 56.6% |
| + Depreciation and write-downs630 | - | €13,275 | €24,721 | €24,721 | = |
| Operating cash flow (approximation) | -€4,942 | €19,282 | €19,830 | €22,599 | ▲ 14.0% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €401 | -€397 | €507 | ▲ 228% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
cityline
BE 0887.378.665
Brussel
IMMO 4G
BE 0552.960.574
Brussel
KAPPA INVEST
BE 0753.478.380
Brussel
MIRO TRADING
BE 0872.092.158
Brussel
"IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE" OU "IMMOBILIEN VENNOOTSCHAP VAN BELGIE"
BE 0405.966.675
Brussel
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 9,696 companies in this sector we hold annual accounts for 7,393. See the whole sector
Timeline
5 eventsLatest 18-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €6,007
Net result €6,007 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company · founded 02-02-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded02-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781520288
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2022
Ground area
132 m²
Building footprint
135 m²
Volume, LiDAR
1,012 m³
Parcel 21819C0145/00F003, Brussels · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MOA
since 2022unit no. 2.327.569.933
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0145/00F003 | Brussels | 132 m² | 1 · 135 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.