MoElek
ActiveSummary
The computed 12-month bankruptcy probability of MoElek is 4.3% (elevated). The 2025 annual accounts show negative equity (-€21,830) and a net result of -€26,529. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28374 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-67
Solvency0▼-37
Growth32=
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 1.08 in 2024; short-term debt: 176.3% and cash: 7.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
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
-76.3%
Return on assets
-92.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€21,830
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 5 filingsDeviation from the deadline
2025
55 d late
2024
42 d early
2023
30 d late
2022
28 d early
2021
166 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 31 August (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 trust this company with building work?Contractor check 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
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€76,000
EBIT margin
30.7%
Net result
-€26,529▼ 4,230%
2024 · -€613
Working capital
-€29,544
2024 · €2,844
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 43, Specialised construction 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€76,000-
Operating result€23,327--€213€2,880-€268-€26,244▼ 9,682%
Net result€18,615within the sector's middle half--€1,901below the sector's middle half€2,197within the sector's middle half-€613below the sector's middle half-€26,529below the sector's middle half▼ 4,230%
EBIT margin30.7%-
Equity€5,015below the sector's middle half-€3,114below the sector's middle half▼ 37.9%€5,311below the sector's middle half▲ 70.5%€4,699below the sector's middle half▼ 11.5%-€21,830below the sector's middle half
Total assets€29,607below the sector's middle half-€39,128below the sector's middle half▲ 32.2%€31,099below the sector's middle half▼ 20.5%€40,421below the sector's middle half▲ 30.0%€28,600below the sector's middle half▼ 29.2%
Debt€24,592-€36,014▲ 46.4%€25,788▼ 28.4%€35,723▲ 38.5%€50,430▲ 41.2%
Working capital€4,965below the sector's middle half--€1,996below the sector's middle half€2,552below the sector's middle half€2,844below the sector's middle half▲ 11.5%-€29,544below the sector's middle half
Solvency16.9%below the sector's middle half-8.0%below the sector's middle half▼ 9.0pp17.1%below the sector's middle half▲ 9.1pp11.6%below the sector's middle half▼ 5.5pp-76.3%below the sector's middle half▼ 88.0pp
Current ratio1.20within the sector's middle half-0.92below the sector's middle half▼ 0.281.13within the sector's middle half▲ 0.201.08below the sector's middle half▼ 0.040.41below the sector's middle half▼ 0.67
Return on assets (ROA)62.9%above the sector's middle half--4.9%below the sector's middle half▼ 67.7pp7.1%within the sector's middle half▲ 11.9pp-1.5%below the sector's middle half▼ 8.6pp-92.8%below the sector's middle half▼ 91.2pp
Staff (FTE)0.31.8▲ 500%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,244 in 2025 against €268 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,600
Fixed assets
€7,714 ▲ 101%
Current assets
€20,886 ▼ 42.9%
Key figures and ratios
EBITDA
-€19,793▼
2024 · €7,052
Cash flow
-€20,078▼
2024 · €6,708
Quick ratio
0.35▼
2024 · 1.02
Debt to equity
-2.31▼
2024 · 7.60
Interest coverage
-68.67▼
2024 · 19.15
Debt ≤ 1 year
€50,430▲
2024 · €33,743
Staff costs
€70,410▲
2024 · €12,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.3% 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 497,340 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 6,010 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €76,000 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €55,808 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €12,860 | €70,410 | ▲ 448% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,245 | €5,983 | €7,320 | €6,451 | ▼ 11.9% |
| Other operating charges640/8 | €865 | €620 | €717 | €1,199 | €2,132 | ▲ 77.9% |
| Gross operating margin9900 | €24,192 | €3,652 | €9,580 | €21,110 | €52,749 | ▲ 150% |
| Operating profit (loss)9901 | €23,327 | -€213 | €2,880 | -€268 | -€26,244 | ▼ 9,682% |
| Financial income75/76B | - | - | - | €24 | €4 | ▼ 85.3% |
| Recurring financial income75 | - | - | - | €24 | €4 | ▼ 85.3% |
| Financial charges65/66B | €12 | €361 | €417 | €368 | €288 | ▼ 21.7% |
| Recurring financial charges65 | €12 | €361 | €417 | €368 | €288 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | €23,315 | -€575 | €2,463 | -€613 | -€26,529 | ▼ 4,230% |
| Income taxes67/77 | €4,699 | €1,326 | €266 | - | - | - |
| Profit (loss) for the period9904 | €18,615 | -€1,901 | €2,197 | -€613 | -€26,529 | ▼ 4,230% |
| Profit (loss) for the period to be appropriated9905 | €18,615 | -€1,901 | €2,197 | -€613 | -€26,529 | ▼ 4,230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,607 | €39,128 | €31,099 | €40,421 | €28,600 | ▼ 29.2% |
| Fixed assets21/28 | €50 | €14,705 | €8,722 | €3,834 | €7,714 | ▲ 101% |
| Tangible fixed assets22/27 | - | €14,705 | €8,722 | €3,834 | €7,714 | ▲ 101% |
| Plant, machinery and equipment23 | - | - | - | €31 | - | - |
| Furniture and vehicles24 | - | €14,705 | €8,722 | €2,739 | €6,887 | ▲ 151% |
| Other tangible fixed assets26 | - | - | - | €1,064 | €827 | ▼ 22.3% |
| Financial fixed assets28 | €50 | - | - | - | - | - |
| Current assets29/58 | €29,557 | €24,423 | €22,378 | €36,587 | €20,886 | ▼ 42.9% |
| Stocks and contracts in progress3 | - | - | - | €2,148 | €3,240 | ▲ 50.9% |
| Stocks30/36 | - | - | - | €2,148 | €3,240 | ▲ 50.9% |
| Amounts receivable within one year40/41 | €920 | €23,563 | €20,034 | €29,914 | €15,595 | ▼ 47.9% |
| Trade receivables40 | - | €15,196 | €17,026 | €28,261 | €10,717 | ▼ 62.1% |
| Other amounts receivable41 | €920 | €8,368 | €3,008 | €1,652 | €4,879 | ▲ 195% |
| Cash at bank and in hand54/58 | €28,637 | €860 | €2,344 | €4,526 | €2,051 | ▼ 54.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,607 | €39,128 | €31,099 | €40,421 | €28,600 | ▼ 29.2% |
| Equity10/15 | €5,015 | €3,114 | €5,311 | €4,699 | -€21,830 | ▼ 565% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | - | - | - | - | - |
| Issued capital100 | €5,000 | - | - | - | - | - |
| Reserves13 | - | - | €311 | - | - | - |
| Distributable reserves133 | - | - | €311 | - | - | - |
| Profit (loss) carried forward14 | €15 | -€1,886 | - | -€301 | -€26,830 | ▼ 8,805% |
| Amounts payable17/49 | €24,592 | €36,014 | €25,788 | €35,723 | €50,430 | ▲ 41.2% |
| Amounts payable after more than one year17 | - | €9,594 | €5,962 | €1,979 | - | - |
| Financial debts170/4 | - | €9,594 | €5,962 | €1,979 | - | - |
| Amounts payable within one year42/48 | €24,592 | €26,419 | €19,826 | €33,743 | €50,430 | ▲ 49.5% |
| Current portion of amounts payable after more than one year42 | - | €3,632 | €3,632 | €3,867 | €1,979 | ▼ 48.8% |
| Trade debts44 | €2,644 | €1,212 | €8,113 | €15,840 | €9,146 | ▼ 42.3% |
| Suppliers440/4 | €2,644 | €1,212 | €8,113 | €15,840 | €9,146 | ▼ 42.3% |
| Taxes, remuneration and social security45 | €8,459 | €4,180 | €2,666 | €9,848 | €21,129 | ▲ 115% |
| Taxes450/3 | €5,580 | €4,180 | €2,666 | €1,370 | €682 | ▼ 50.2% |
| Remuneration and social security454/9 | €2,879 | - | - | €8,478 | €20,447 | ▲ 141% |
| Other amounts payable47/48 | €13,489 | €17,395 | €5,415 | €4,188 | €18,175 | ▲ 334% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,615 | -€1,901 | €2,197 | -€613 | -€26,529 | ▼ 4,230% |
| + Depreciation and write-downs630 | - | €3,245 | €5,983 | €7,320 | €6,451 | ▼ 11.9% |
| Operating cash flow (approximation) | €18,615 | €1,344 | €8,180 | €6,708 | -€20,078 | ▼ 399% |
| Investment in fixed assets (approximation) | - | -€17,900 | €0 | -€2,433 | -€10,331 | ▼ 325% |
| Change in cash | - | -€27,777 | €1,484 | €2,182 | -€2,475 | ▼ 213% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
31-12
Financial
Weakest financial yearnet -€26,529
Net result drops to -€26,529, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2,197
Net result €2,197 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 166 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, Willebroek · 1 establishment unit since 2020
Ground area
141 m²
Building footprint
94 m²
Volume, LiDAR
586 m³
Parcel 12342C0450/00T010, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MoElek
since 20202.310.488.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0450/00T010 | Flanders | 141 m² | 1 · 94 m² | 11.3 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.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 3,551 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
Founded30-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33130Repair, maintenance and installation of machinery and equipment
41001General construction of residential buildings
71112Activities of interior architects
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758904145
Also
9925:BE0758904145
Registered
07-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.