MODERATUS
ActiveSummary
MODERATUS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,305 and a net result of €10,475. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 34% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+5
Solvency63▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.94 in 2024; short-term debt: 33.7% of total assets), and 61.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.3%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
59 d late
2022
334 d late
2021
532 d late
2020
429 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 219 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€152,305▲ 7.3%
2024 · €141,897
Total assets
€397,979▼ 8.5%
2024 · €434,734
Net result
€10,475▼ 12.3%
2024 · €11,939
Working capital
€8,923
2024 · -€11,032
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,125▼ 34.7%€46,306▲ 206%€30,800▼ 33.5%€19,287▼ 37.4%€17,937▼ 7.0%
Net result€4,300below the sector's middle half▼ 53.4%€28,077within the sector's middle half▲ 553%€20,198within the sector's middle half▼ 28.1%€11,939within the sector's middle half▼ 40.9%€10,475below the sector's middle half▼ 12.3%
Equity€81,683within the sector's middle half▲ 4.3%€109,761within the sector's middle half▲ 34.4%€129,959within the sector's middle half▲ 18.4%€141,897within the sector's middle half▲ 9.2%€152,305within the sector's middle half▲ 7.3%
Total assets€415,513within the sector's middle half▲ 6.7%€427,271within the sector's middle half▲ 2.8%€481,387within the sector's middle half▲ 12.7%€434,734within the sector's middle half▼ 9.7%€397,979within the sector's middle half▼ 8.5%
Debt€298,830▲ 8.3%€282,510▼ 5.5%€316,429▲ 12.0%€257,837▼ 18.5%€210,673▼ 18.3%
Working capital-€26,361▼ 298%-€19,938▲ 24.4%-€17,867▲ 10.4%-€11,032▲ 38.3%€8,923
Solvency19.7%below the sector's middle half▼ 0.5pp25.7%below the sector's middle half▲ 6.0pp27.0%below the sector's middle half▲ 1.3pp32.6%within the sector's middle half▲ 5.6pp38.3%within the sector's middle half▲ 5.6pp
Staff (FTE)0.81▲ 25.0%0.3▼ 70.0%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €397,979
Fixed assets
€255,008 ▲ 2.2%
Current assets
€142,970 ▼ 22.8%
Equity and liabilities €397,979
Equity
€152,305 ▲ 7.3%
Provisions
€35,000 =
Debt
€210,673 ▼ 18.3%
Debt's share of the balance-sheet total falls from 59.3% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,315▲
2024 · €24,184
Cash flow
€17,854▲
2024 · €16,835
Current ratio
1.07▲
2024 · 0.94
Debt to equity
1.38▼
2024 · 1.82
ROE
6.9%▼
2024 · 8.4%
ROA
2.6%▼
2024 · 2.7%
Interest coverage
3.52▲
2024 · 2.90
Debt ≤ 1 year
€134,047▼
2024 · €196,170
Debt > 1 year
€76,626▲
2024 · €61,667
Income taxes
€6,494▼
2024 · €8,417
Staff costs
€62▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €42,299 | €70,192 | €24,186 | €0 | €62 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,267 | €4,009 | €5,024 | €4,896 | €7,378 | ▲ 50.7% |
| Other operating charges640/8 | €1,475 | €2,758 | €2,853 | €4,982 | €2,466 | ▼ 50.5% |
| Gross operating margin9900 | €64,166 | €123,265 | €62,863 | €29,165 | €27,843 | ▼ 4.5% |
| Operating profit (loss)9901 | €15,125 | €46,306 | €30,800 | €19,287 | €17,937 | ▼ 7.0% |
| Financial income75/76B | €1,409 | €5,151 | €7,825 | €9,410 | €6,222 | ▼ 33.9% |
| Recurring financial income75 | €1,409 | €5,151 | €7,825 | €9,410 | €6,222 | ▼ 33.9% |
| Financial charges65/66B | €6,467 | €8,568 | €7,194 | €8,342 | €7,189 | ▼ 13.8% |
| Recurring financial charges65 | €6,467 | €8,568 | €7,194 | €8,342 | €7,189 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €10,066 | €42,888 | €31,430 | €20,356 | €16,970 | ▼ 16.6% |
| Income taxes67/77 | €5,766 | €14,811 | €11,232 | €8,417 | €6,494 | ▼ 22.8% |
| Profit (loss) for the period9904 | €4,300 | €28,077 | €20,198 | €11,939 | €10,475 | ▼ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €4,300 | €28,077 | €20,198 | €11,939 | €10,475 | ▼ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €415,513 | €427,271 | €481,387 | €434,734 | €397,979 | ▼ 8.5% |
| Fixed assets21/28 | €261,152 | €257,143 | €254,493 | €249,596 | €255,008 | ▲ 2.2% |
| Tangible fixed assets22/27 | €244,972 | €240,963 | €238,313 | €233,416 | €234,628 | ▲ 0.5% |
| Land and buildings22 | €242,291 | €238,495 | €234,700 | €230,928 | €227,156 | ▼ 1.6% |
| Furniture and vehicles24 | €2,682 | €2,468 | €3,613 | €2,489 | €7,473 | ▲ 200% |
| Financial fixed assets28 | €16,180 | €16,180 | €16,180 | €16,180 | €20,380 | ▲ 26.0% |
| Current assets29/58 | €154,360 | €170,128 | €226,895 | €185,138 | €142,970 | ▼ 22.8% |
| Amounts receivable within one year40/41 | €137,955 | €117,505 | €197,515 | €146,348 | €97,958 | ▼ 33.1% |
| Trade receivables40 | €96,411 | €0 | - | - | - | - |
| Other amounts receivable41 | €41,544 | €117,505 | €197,515 | €146,348 | €97,958 | ▼ 33.1% |
| Cash at bank and in hand54/58 | - | €31,066 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | €16,405 | €21,556 | €29,380 | €38,790 | €45,012 | ▲ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €415,513 | €427,271 | €481,387 | €434,734 | €397,979 | ▼ 8.5% |
| Equity10/15 | €81,683 | €109,761 | €129,959 | €141,897 | €152,305 | ▲ 7.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €66,868 | €91,161 | €111,359 | €123,297 | €133,773 | ▲ 8.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €13,543 | €13,543 | €13,543 | €13,543 | €13,543 | = |
| Distributable reserves133 | €51,465 | €75,758 | €95,956 | €107,895 | €118,370 | ▲ 9.7% |
| Profit (loss) carried forward14 | -€3,785 | €0 | - | - | -€68 | - |
| Provisions and deferred taxes16 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Provisions for liabilities and charges160/5 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Pensions and similar obligations160 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Amounts payable17/49 | €298,830 | €282,510 | €316,429 | €257,837 | €210,673 | ▼ 18.3% |
| Amounts payable after more than one year17 | €118,108 | €92,445 | €71,667 | €61,667 | €76,626 | ▲ 24.3% |
| Financial debts170/4 | €118,108 | €92,445 | €71,667 | €61,667 | €51,667 | ▼ 16.2% |
| Other amounts payable178/9 | - | - | - | - | €24,959 | - |
| Amounts payable within one year42/48 | €180,722 | €190,065 | €244,762 | €196,170 | €134,047 | ▼ 31.7% |
| Current portion of amounts payable after more than one year42 | €27,988 | €25,663 | €20,778 | €10,000 | €15,851 | ▲ 58.5% |
| Financial debts43 | €26,205 | €25,000 | €29,855 | €32,329 | €33,465 | ▲ 3.5% |
| Credit institutions430/8 | €25,000 | €25,000 | €25,000 | €26,243 | €33,465 | ▲ 27.5% |
| Other loans439 | €1,205 | €0 | €4,855 | €6,086 | €0 | ▼ 100% |
| Trade debts44 | €74,095 | €54,089 | €23,290 | €13,823 | €3,191 | ▼ 76.9% |
| Suppliers440/4 | €74,095 | €54,089 | €23,290 | €13,823 | €3,191 | ▼ 76.9% |
| Advances received on contracts in progress46 | - | - | €75,105 | €66,390 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €18,520 | €26,097 | €36,517 | €14,411 | €22,195 | ▲ 54.0% |
| Taxes450/3 | €16,357 | €26,097 | €36,517 | €14,411 | €22,195 | ▲ 54.0% |
| Remuneration and social security454/9 | €2,163 | €0 | - | - | - | - |
| Other amounts payable47/48 | €33,913 | €59,217 | €59,217 | €59,217 | €59,346 | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,300 | €28,077 | €20,198 | €11,939 | €10,475 | ▼ 12.3% |
| + Depreciation and write-downs630 | €5,267 | €4,009 | €5,024 | €4,896 | €7,378 | ▲ 50.7% |
| Operating cash flow (approximation) | €9,567 | €32,087 | €25,222 | €16,835 | €17,854 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,374 | €0 | -€12,790 | - |
| Change in cash | - | - | -€31,066 | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Equity above €150,000Eq €152,305 ▲7.3%
7 profitable years in a row build equity to €152,305.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 334 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 532 days late
2022
31-12
Financial
Highest result since 2018net €28,077 ▲553%
Operating result €46,306, net result €28,077, both a record.
31-12
Financial
Equity above €100,000Eq €109,761 ▲34.4%
4 profitable years in a row build equity to €109,761.
03-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 429 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 289 days late
2019
31-12
Financial
Back to profitnet €13,860
Net result €13,860 after one loss-making year.
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 149 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
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Directors · office · real estate
Directors
1 act for this company is 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, Lievegem · 1 establishment unit since 2008
Ground area
4,421 m²
Building footprint
563 m²
Volume, LiDAR
2,126 m³
2 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Bo'Fis accountants en belastingconsulenten
since 20082.174.044.271
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B1336/00G000 | Flanders | 2,695 m² | 1 · 87 m² | 8.0 m · 2 fl. |
| 44452B1503/00B000 | Flanders | 1,726 m² | 1 · 477 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 to 2025 · 3 entries · 846 EUR awarded · 846 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 108 EUR | 108 EUR |
| 2023 | 1 | 104 EUR | 104 EUR |
| 2022 | 1 | 634 EUR | 634 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
64883P80D2Z712EPNQ45
Similar companies · same sector, comparable size
PEETERS HERMAN ACCOUNTANCY & FISCALITEIT
BE 0775.346.536
Nieuwerkerken (Limb.) · Eq €152,274
VAN NOOTEN & PARTNERS
BE 0647.749.568
Turnhout · Eq €152,375
TOP Accountants Brecht
BE 0880.624.891
Brecht · Eq €152,170
CLEMANA
BE 0740.466.227
Grâce-Hollogne · Eq €152,452
MIOG FINANCE
BE 0480.286.491
Dilbeek · Eq €152,140
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,513 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
Founded28-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863060864
Also
9925:BE0863060864
Registered
19-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.