MOAC
ActiveSummary
MOAC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €28k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 29% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+15
Solvency65▼-35
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 16.06 in 2023; short-term debt: 60.3% and cash: 70.6% of total assets), and 60.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 · 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 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
12.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
29 d late
2022
60 d late
2021
2 d early
2020
31 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€88k▼ 48.5%
2023 · €171k
2018: €147k
2019: €153k▲ +4.5% vs 2018
2020: €171k▲ +11.7% vs 2019
2021: €188k▲ +10.0% vs 2020highest in 7 years
2022: €171k▼ -9.4% vs 2021
2023: €171k▲ +0.4% vs 2022
2024: €88k▼ -48.5% vs 2023lowest in 7 years
2018 → 2024
Total assets
€222k▲ 23.3%
2023 · €180k
2018: €158klowest in 7 years
2019: €175k▲ +10.4% vs 2018
2020: €191k▲ +9.2% vs 2019
2021: €209k▲ +9.7% vs 2020
2022: €202k▼ -3.3% vs 2021
2023: €180k▼ -10.8% vs 2022
2024: €222k▲ +23.3% vs 2023highest in 7 years
2018 → 2024
Net result
€28k▲ 3,593%
2023 · €752
2018: €26k
2019: €7k▼ -74.5% vs 2018
2020: €18k▲ +170% vs 2019
2021: €17k▼ -4.9% vs 2020
2022: €334▼ -98.0% vs 2021lowest in 7 years
2023: €752▲ +125% vs 2022
2024: €28k▲ +3593% vs 2023highest in 7 years
2018 → 2024
Working capital
€61k▼ 54.4%
2023 · €135k
2018: €124k
2019: €136k▲ +10.0% vs 2018
2020: €159k▲ +16.5% vs 2019highest in 7 years
2021: €136k▼ -13.9% vs 2020
2022: €128k▼ -6.5% vs 2021
2023: €135k▲ +5.5% vs 2022
2024: €61k▼ -54.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€171k-€188k▲ 10.0%€171k▼ 9.4%€171k▲ 0.4%€88k▼ 48.5%
2020: €171k
2021: €188k▲ +10.0% vs 2020highest in 5 years
2022: €171k▼ -9.4% vs 2021
2023: €171k▲ +0.4% vs 2022
2024: €88k▼ -48.5% vs 2023lowest in 5 years
Operating result€27k-€26k▼ 2.6%€2k▼ 94.0%€3k▲ 105%€36k▲ 1,025%
2020: €27k
2021: €26k▼ -2.6% vs 2020
2022: €2k▼ -94.0% vs 2021lowest in 5 years
2023: €3k▲ +105% vs 2022
2024: €36k▲ +1025% vs 2023highest in 5 years
Net result€18k-€17k▼ 4.9%€334▼ 98.0%€752▲ 125%€28k▲ 3,593%
2020: €18k
2021: €17k▼ -4.9% vs 2020
2022: €334▼ -98.0% vs 2021lowest in 5 years
2023: €752▲ +125% vs 2022
2024: €28k▲ +3593% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,025% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €222k
Fixed assets
€27k ▼ 26.8%
Current assets
€195k ▲ 36.2%
Equity and liabilities €222k
Equity
€88k ▼ 48.5%
Debt
€134k ▲ 1,402%
Debt's share of the balance-sheet total rises from 5.0% to 60.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▲
2023 · €14k
Cash flow
€38k▲
2023 · €11k
Current ratio
1.46▼
2023 · 16.06
Debt to equity
1.52▲
2023 · 0.05
ROE
31.4%▲
2023 · 0.4%
ROA
12.5%▲
2023 · 0.4%
Interest coverage
28.95▲
2023 · 14.58
Debt ≤ 1 year
€134k▲
2023 · €9k
Income taxes
€9k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€180k€222k▲
Fixed assets21/28€37k€27k▼
Tangible fixed assets22/27€37k€27k▼
Plant, machinery and equipment23€33k€26k▼
Furniture and vehicles24€4k€981▼
Current assets29/58€143k€195k▲
Amounts receivable within one year40/41€24k€38k▲
Trade receivables40-€19k
Other amounts receivable41€24k€20k▼
Cash at bank and in hand54/58€119k€157k▲
Deferred charges and accrued income490/1-€62
Equity and liabilities
Total equity and liabilities10/49€180k€222k▲
Equity10/15€171k€88k▼
Contributions10/11€19k€19k=
Reserves13€70k€70k=
Distributable reserves133€70k€70k=
Profit (loss) carried forward14€83k-
Amounts payable17/49€9k€134k▲
Amounts payable within one year42/48€9k€134k▲
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€1k€11k▲
Suppliers440/4€1k€11k▲
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48-€111k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€144€476▲
Gross operating margin9900€14k€47k▲
Operating profit (loss)9901€3k€36k▲
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€957€2k▲
Recurring financial charges65€957€2k▲
Profit (loss) for the period before taxes9903€2k€36k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€752€28k▲
Profit (loss) for the period to be appropriated9905€752€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€111k▲
Profit (loss) brought forward from the previous period14P€82k€83k▲
Profit to be distributed694/7-€111k
Return on contributions (dividend)694-€111k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €10k | €11k | €10k | ▼ 7.7% |
| Other operating charges640/8 | - | €631 | €294 | €144 | €476 | ▲ 232% |
| Gross operating margin9900 | €32k | €31k | €12k | €14k | €47k | ▲ 230% |
| Operating profit (loss)9901 | €27k | €26k | €2k | €3k | €36k | ▲ 1,025% |
| Financial income75/76B | - | €18 | €64 | €1 | €2k | ▲ 133,911% |
| Recurring financial income75 | - | €18 | €64 | €1 | €2k | ▲ 133,911% |
| Financial charges65/66B | - | €802 | €799 | €957 | €2k | ▲ 66.3% |
| Recurring financial charges65 | €459 | €802 | €799 | €957 | €2k | ▲ 66.3% |
| Profit (loss) for the period before taxes9903 | €26k | €25k | €831 | €2k | €36k | ▲ 1,510% |
| Income taxes67/77 | €8k | €8k | €497 | €2k | €9k | ▲ 470% |
| Profit (loss) for the period9904 | €18k | €17k | €334 | €752 | €28k | ▲ 3,593% |
| Profit (loss) for the period to be appropriated9905 | €18k | €17k | €334 | €752 | €28k | ▲ 3,593% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191k | €209k | €202k | €180k | €222k | ▲ 23.3% |
| Fixed assets21/28 | €13k | €52k | €43k | €37k | €27k | ▼ 26.8% |
| Tangible fixed assets22/27 | €13k | €52k | €43k | €37k | €27k | ▼ 26.8% |
| Plant, machinery and equipment23 | - | €42k | €37k | €33k | €26k | ▼ 20.0% |
| Furniture and vehicles24 | - | €10k | €7k | €4k | €981 | ▼ 77.6% |
| Current assets29/58 | €178k | €157k | €159k | €143k | €195k | ▲ 36.2% |
| Amounts receivable within one year40/41 | €25k | €17k | €22k | €24k | €38k | ▲ 58.2% |
| Trade receivables40 | - | €9k | €11k | - | €19k | - |
| Other amounts receivable41 | - | €8k | €11k | €24k | €20k | ▼ 18.2% |
| Cash at bank and in hand54/58 | €153k | €133k | €130k | €119k | €157k | ▲ 31.7% |
| Deferred charges and accrued income490/1 | - | €7k | €7k | - | €62 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191k | €209k | €202k | €180k | €222k | ▲ 23.3% |
| Equity10/15 | €171k | €188k | €171k | €171k | €88k | ▼ 48.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €71k | €88k | €70k | €70k | €70k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €86k | €68k | €70k | €70k | = |
| Profit (loss) carried forward14 | €82k | €82k | €82k | €83k | - | - |
| Amounts payable17/49 | €19k | €21k | €32k | €9k | €134k | ▲ 1,402% |
| Amounts payable within one year42/48 | €19k | €21k | €32k | €9k | €134k | ▲ 1,402% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | - | - | - |
| Financial debts43 | - | - | - | €3k | €3k | ▲ 1.1% |
| Credit institutions430/8 | - | - | - | €3k | €3k | ▲ 1.1% |
| Trade debts44 | €6k | €4k | €2k | €1k | €11k | ▲ 973% |
| Suppliers440/4 | - | €4k | €2k | €1k | €11k | ▲ 973% |
| Taxes, remuneration and social security45 | - | €1k | €4k | €5k | €9k | ▲ 72.8% |
| Taxes450/3 | - | €1k | €4k | €5k | €7k | ▲ 26.7% |
| Remuneration and social security454/9 | - | - | €23 | - | €2k | - |
| Other amounts payable47/48 | - | €14k | €23k | - | €111k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €17k | €334 | €752 | €28k | ▲ 3,593% |
| + Depreciation and write-downs630 | €4k | €5k | €10k | €11k | €10k | ▼ 7.7% |
| Operating cash flow (approximation) | €22k | €22k | €10k | €11k | €38k | ▲ 228% |
| Investment in fixed assets (approximation) | - | €-44k | €-1k | €-5k | €0 | ▲ 100% |
| Change in cash | - | €-20k | €-3k | €-11k | €38k | ▲ 455% |
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
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €28k ▲3,593%
Net result €28k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 16.06
Current ratio from 5.04 to 16.06; short-term debt falls from €32k to €9k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €334 ▼98%
Net result drops to €334, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Equity above €150kEq €153k ▲4.5%
2 profitable years in a row build equity to €153k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 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, Aarschot · 1 establishment unit since 2013
Ground area
1,169 m²
Building footprint
135 m²
Volume, LiDAR
642 m³
Parcel 24029A0306/00C000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MOAC
since 20132.223.586.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24029A0306/00C000 | Flanders | 1,169 m² | 1 · 135 m² | 7.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 645 EUR awarded · 645 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 645 EUR | 645 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,943 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
Founded18-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.