MOAC
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €79,000 and €130,000.
Balance sheet
balance sheet total €115,610 on 31-12-2025in euro
in euro
Position in the sector
34.2%
Higher than 30% of 21,208 companies in 2025.
1.22
Higher than 26% of 20,571 companies in 2025.
16.5%
Higher than 47% of 20,746 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
115,610 | 222,457 | 180,406 | 202,304 | 209,233 | 190,647 | 174,631 | 158,168 | 133,614 | 138,309 | 102,104 | 102,314 | |
21/28 |
22,769 | 27,024 | 36,939 | 43,142 | 51,900 | 12,720 | 17,169 | 22,903 | 12,457 | 16,057 | 16,591 | 20,112 | |
22/27 |
22,769 | 27,024 | 36,939 | 43,142 | 51,900 | 12,720 | 17,169 | 22,903 | 12,457 | 16,057 | 16,591 | 20,112 | |
23 |
20,297 | 26,043 | 32,561 | 36,591 | 41,882 | 12,720 | 16,198 | 20,182 | 7,777 | 9,347 | 7,833 | 8,170 | |
24 |
2,472 | 981 | 4,378 | 6,550 | 10,018 | - | 972 | 2,721 | 4,680 | 6,710 | 8,758 | 11,942 | |
29/58 |
92,841 | 195,434 | 143,467 | 159,163 | 157,333 | 177,927 | 157,462 | 135,265 | 121,157 | 122,251 | 85,514 | 82,202 | |
40/41 |
15,382 | 38,360 | 24,249 | 22,464 | 17,135 | 25,036 | 31,099 | 46,962 | 47,569 | 35,455 | 24,942 | 29,960 | |
40 |
10,633 | 18,527 | - | 11,072 | 9,486 | 9,486 | 8,809 | 21,962 | 20,328 | 17,787 | 10,588 | 18,646 | |
41 |
4,748 | 19,834 | 24,249 | 11,392 | 7,648 | 15,550 | 22,291 | 25,000 | 27,241 | 17,668 | 14,354 | 11,314 | |
54/58 |
73,485 | 157,011 | 119,219 | 129,861 | 133,360 | 152,891 | 126,363 | 88,303 | 73,588 | 86,796 | 60,572 | 52,242 | |
490/1 |
3,974 | 62 | - | 6,838 | 6,838 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
115,610 | 222,457 | 180,406 | 202,304 | 209,233 | 190,647 | 174,631 | 158,168 | 133,614 | 138,309 | 102,104 | 102,314 | |
10/15 |
39,517 | 88,330 | 171,474 | 170,722 | 188,381 | 171,277 | 153,287 | 146,620 | 120,511 | 102,518 | 76,954 | 61,186 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 69,730 | 69,730 | 69,730 | 87,722 | 70,619 | 52,629 | 45,962 | 19,853 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
1,860 | 69,730 | 69,730 | 67,870 | 85,862 | 68,759 | 50,769 | 44,102 | 17,993 | - | - | - | |
14 |
19,057 | - | 83,144 | 82,392 | 82,058 | 82,058 | 82,058 | 82,058 | 82,058 | 82,058 | 56,494 | 40,726 | |
17/49 |
76,092 | 134,128 | 8,933 | 31,582 | 20,852 | 19,370 | 21,344 | 11,548 | 13,103 | 35,790 | 25,150 | 41,129 | |
17 |
- | - | - | - | - | - | - | - | - | - | 7,822 | 11,822 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 7,822 | 11,822 | |
42/48 |
76,092 | 134,128 | 8,933 | 31,582 | 20,852 | 19,370 | 21,344 | 11,548 | 13,103 | 35,790 | 17,328 | 29,306 | |
42 |
- | - | - | 2,512 | 2,512 | 3,519 | 3,519 | 2,441 | 2,443 | 3,825 | - | - | |
43 |
- | 2,566 | 2,539 | - | - | - | - | - | - | - | - | - | |
430/8 |
- | 2,566 | 2,539 | - | - | - | - | - | - | - | - | - | |
44 |
4,708 | 11,453 | 1,067 | 1,509 | 3,604 | 6,129 | 11,728 | 3,097 | 3,867 | 1,784 | 1,385 | 3,407 | |
440/4 |
4,708 | 11,453 | 1,067 | 1,509 | 3,604 | 6,129 | 11,728 | 3,097 | 3,867 | 1,784 | 1,385 | 3,407 | |
45 |
7,434 | 9,203 | 5,326 | 4,459 | 1,207 | 2,595 | 4,459 | 4,617 | 2,966 | 30,181 | 15,943 | 25,899 | |
450/3 |
4,960 | 6,746 | 5,326 | 4,437 | 1,207 | 2,595 | 4,459 | 4,570 | 2,966 | 28,696 | 14,143 | 25,899 | |
454/9 |
2,475 | 2,457 | - | 23 | - | - | - | 48 | - | 1,485 | 1,800 | - | |
47/48 |
63,950 | 110,906 | - | 23,102 | 13,528 | 7,128 | 1,638 | 1,392 | 3,827 | - | - | - | |
| Income statement | |||||||||||||
9900 |
30,900 | 46,555 | 14,104 | 11,696 | 31,343 | 31,579 | 22,039 | 45,187 | 37,011 | 53,036 | 38,707 | 77,707 | |
630 |
6,460 | 9,916 | 10,747 | 9,837 | 4,713 | 4,449 | 10,409 | 7,031 | 5,005 | 10,863 | 9,942 | 10,426 | |
640/8 |
554 | 476 | 144 | 294 | 631 | 440 | 437 | 511 | 843 | 828 | 923 | 1,112 | |
9901 |
23,887 | 36,163 | 3,213 | 1,566 | 25,999 | 26,690 | 11,192 | 37,645 | 31,163 | 41,345 | 27,842 | 66,169 | |
75/76B |
1,290 | 1,769 | 1 | 64 | 18 | - | 13 | 45 | 65 | 99 | 49 | 2 | |
75 |
1,290 | 1,769 | 1 | 64 | 18 | - | 13 | 45 | 65 | 99 | 49 | 2 | |
65/66B |
181 | 1,592 | 957 | 799 | 802 | 459 | 329 | 117 | 270 | 464 | 540 | 450 | |
65 |
181 | 1,592 | 957 | 799 | 802 | 459 | 329 | 117 | 270 | 464 | 540 | 450 | |
9903 |
24,996 | 36,341 | 2,257 | 831 | 25,214 | 26,231 | 10,876 | 37,573 | 30,959 | 40,979 | 27,350 | 65,721 | |
67/77 |
5,939 | 8,579 | 1,506 | 497 | 8,110 | 8,241 | 4,209 | 11,463 | 12,966 | 15,415 | 11,582 | 23,135 | |
9904 |
19,057 | 27,762 | 752 | 334 | 17,104 | 17,990 | 6,667 | 26,109 | 17,993 | 25,564 | 15,768 | 42,586 | |
9905 |
19,057 | 27,762 | 752 | 334 | 17,104 | 17,990 | 6,667 | 26,109 | 17,993 | 25,564 | 15,768 | 42,586 | |
| Appropriation of the result | |||||||||||||
9906 |
19,057 | 110,906 | 83,144 | 82,392 | 99,162 | 100,048 | 88,725 | 108,168 | 100,051 | 82,058 | 56,494 | 42,586 | |
14P |
- | 83,144 | 82,392 | 82,058 | 82,058 | - | - | - | - | - | - | - | |
791/2 |
67,870 | - | - | 17,993 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 17,104 | 17,990 | 6,667 | 26,109 | 17,993 | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 17,104 | 17,990 | 6,667 | 26,109 | 17,993 | - | - | - | |
694/7 |
67,870 | 110,906 | - | 17,993 | - | - | - | - | - | - | - | - | |
694 |
67,870 | 110,906 | - | 17,993 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00221698 | |
| 31-12-2024 | micro format | 06-06-2025 | 2025-00125488 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00419193 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00476982 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20269986 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66200004 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-54200072 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-57100179 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59900034 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-60300124 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-55800558 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-57900144 |
Subsidies and aid
Flemish government 2022, 1 entry, €645 awarded, €645 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30,346 | 46,079 | 13,960 | 11,403 | 30,712 | 31,139 | 21,601 | 44,676 | 36,168 | 52,208 | 37,784 | 76,595 | ||
| 25,517 | 37,677 | 11,498 | 10,171 | 21,816 | 22,439 | 17,076 | 33,141 | 22,998 | 36,428 | 25,711 | 53,011 | ||
| 2,205 | 0 | 4,544 | 1,079 | 43,893 | 0 | 4,676 | 17,477 | 1,405 | 10,330 | 6,422 | 30,538 | ||
| -83,526 | 37,793 | -10,642 | -3,499 | -19,532 | 26,529 | 38,059 | 14,716 | -13,208 | 26,224 | 8,330 | - | ||
| 16,749 | 61,306 | 134,535 | 127,580 | 136,481 | 158,557 | 136,118 | 123,717 | 108,054 | 86,461 | 68,185 | 52,896 | ||
| 34.2% | 39.7% | 95.0% | 84.4% | 90.0% | 89.8% | 87.8% | 92.7% | 90.2% | 74.1% | 75.4% | 59.8% | ||
| 1.22 | 1.46 | 16.06 | 5.04 | 7.55 | 9.19 | 7.38 | 11.71 | 9.25 | 3.42 | 4.93 | 2.80 | ||
| 1.93 | 1.52 | 0.05 | 0.18 | 0.11 | 0.11 | 0.14 | 0.08 | 0.11 | 0.35 | 0.33 | 0.67 | ||
| 48.2% | 31.4% | 0.4% | 0.2% | 9.1% | 10.5% | 4.3% | 17.8% | 14.9% | 24.9% | 20.5% | 69.6% | ||
| 16.5% | 12.5% | 0.4% | 0.2% | 8.2% | 9.4% | 3.8% | 16.5% | 13.5% | 18.5% | 15.4% | 41.6% | ||
| over 100 | 28.95 | 14.58 | 14.28 | 38.27 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,205 | - | €4,544 | €1,079 | €43,893 |
| €6,460 | €9,916 | €10,747 | €9,837 | €4,713 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MOAC
The operating result for 2025 is 34% lower than in 2024.
Debt's share of the balance-sheet total rises from 60.3% to 65.8%. Equity and debt are lower.