Equity
€145,152 ▲ 4.0%
MOARC paid out €121,068 in dividends. That is 96% of the 2025 profit.
MOARC
Lifetime
11 annual accounts with figures on one time axispeak €172,544 (2025)
€172,544▲ 0.4%
peak €126,602 (2025)
€126,602▲ 4.6%
peak €190,292 (2023)
€145,152▲ 4.0%
€110,268▼ 15.0%
Board2 names since 2019
2 directorsVervondel Heleen and 1 other
Documentsfilings and deeds
13-05-202679 days before the deadline
2025micro format
Appointments: Dehoorne Roel (director) and Vervondel Heleen (… 26-11Dividend €121,068Debts from €129,796 to €110,268
Key points
from the 2025 annual accountsFilings
11 annual accounts since 2015
Nine of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.
Position in the sector
€126,602
Higher net result than 93% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
97
Excellent
Financially stronger than 77% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.2%● unchanged vs 11-2025highest value
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.29, cash €166,133
Equity €145,152 (56.8% of total assets)
Size: total assets €255,420
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 69% of them on solvency, 87% on liquidity, 95% on profitability and 57% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as MOARC has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of MOARC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MOARC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.29 (2.12 in 2024), above the usual 1.5. Short-term debt is 39.5% and cash 65% of total assets. 43.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 days early
2024
60 days late
2023
30 days late
2022
31 days late
2021
30 days late
2020
25 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointments: Dehoorne Roel (director) and Vervondel Heleen (director)
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0552728170
Appointment: Vervondel Heleen (director)
General meeting of 16-07-2020 · Gazette deed
Incorporation
published on 19-05-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MOARC Ghent | €255,420 | €172,544 | 56.8% | - |
| FRAMIMMO Frameries | €249,820 | €135,999 | 18.4% | - |
| PROMAP Roeselare | €279,519 | €219,860 | 25.7% | - |
| ABVB Pajottegem | €299,992 | €163,118 | 37.7% | - |
| LA SIGNATURE Chaudfontaine | €218,552 | €135,010 | 20.1% | - |
| AANNEMINGEN LITHOS Sint-Pieters-Leeuw | €208,244 | €128,847 | 75.0% | 0 |
| SOYEZ TOITURES Frasnes-lez-Anvaing | €304,268 | €247,960 | 61.7% | - |
These companies have the same main activity as MOARC: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €208,000 and €304,000, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 15-05-2014Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.231.990.9829000 Ghent, since 15-05-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2025
Annual accounts 2025
- ≈ €310,000estimated
- €255,420▼ 5.2%
- Filing
- Filed on 13-05-2026, 79 days before the end of the filing period
Insights on MOARC
MOARC files the micro format. That format states no turnover. The gross margin rose from €78,393 in 2015 to €172,544 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MOARC
- What is the company number of MOARC?
- The company number of MOARC is 0552.728.170. The VAT number is the same number with BE in front: BE 0552.728.170.
- Where is MOARC based?
- The registered office is at Edward Pynaertkaai 107, 9000 Ghent.Company details
- What does MOARC do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of MOARC?
- MOARC is a private limited company (BV).
- When was MOARC founded?
- MOARC was founded on 15-05-2014.
- Is MOARC still active?
- Yes, MOARC is an active enterprise in the KBO register.
- What is the turnover of MOARC?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €172,544 and 49 comparable companies (NACE 681). It probably lies between €230,000 and €580,000.Financials
- Is MOARC profitable?
- In financial year 2025, MOARC made a profit of €126,602.
- Where can I find the annual accounts of MOARC?
- MOARC filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MOARC due?
- MOARC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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