Moenaert
ActiveSummary
Moenaert has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €596k and a net result of €104k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+4
Solvency96▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 3.96 in 2024; short-term debt: 23.1% and cash: 44.7% of total assets), and 28.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
71.3%
Return on assets
12.5%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-06-2025, 151 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
151 d early
2024
1 d early
2023
6 d early
2022
7 d late
2021
2 d early
2020
5 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
In the rankings
#7 company by equity in Lichtervelde, Construction sector
Equity
€596k▼ 0.4%
2024 · €598k
Total assets
€836k▲ 1.6%
2024 · €822k
Net result
€104k▲ 35.6%
2024 · €77k
Working capital
€439k▲ 1.9%
2024 · €431k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€126k-€119k▼ 5.9%€160k▲ 34.5%€109k▼ 31.8%€144k▲ 32.6%
Net result€87k-€85k▼ 2.8%€126k▲ 48.6%€77k▼ 38.7%€104k▲ 35.6%
Equity€497k-€526k▲ 5.8%€591k▲ 12.4%€598k▲ 1.2%€596k▼ 0.4%
Total assets€683k-€701k▲ 2.7%€871k▲ 24.2%€822k▼ 5.6%€836k▲ 1.6%
Debt€185k-€175k▼ 5.3%€280k▲ 60.3%€224k▼ 20.1%€240k▲ 7.1%
Working capital€464k-€480k▲ 3.4%€467k▼ 2.6%€431k▼ 7.7%€439k▲ 1.9%
Staff (FTE)1.1-1.1=1.1=1▼ 9.1%1.1▲ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €836k
Fixed assets
€203k ▼ 17.1%
Current assets
€632k ▲ 9.6%
Equity and liabilities €836k
Equity
€596k ▼ 0.4%
Debt
€240k ▲ 7.1%
Debt's share of the balance-sheet total rises from 27.2% to 28.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€201k▲
2024 · €164k
Cash flow
€161k▲
2024 · €132k
Current ratio
3.28▼
2024 · 3.96
Quick ratio
3.21▼
2024 · 3.86
Debt to equity
0.40▲
2024 · 0.37
ROE
17.5%▲
2024 · 12.9%
ROA
12.5%▲
2024 · 9.4%
Interest coverage
26.64▲
2024 · 20.98
Debt ≤ 1 year
€193k▲
2024 · €146k
Debt > 1 year
€46k▼
2024 · €78k
Income taxes
€39k▲
2024 · €30k
Staff costs
€59k▲
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €48k | €54k | €49k | €59k | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €27k | €37k | €55k | €56k | ▲ 1.6% |
| Other operating charges640/8 | - | €4k | €2k | €2k | €2k | ▲ 12.5% |
| Gross operating margin9900 | €216k | €197k | €253k | €216k | €262k | ▲ 21.6% |
| Operating profit (loss)9901 | €126k | €119k | €160k | €109k | €144k | ▲ 32.6% |
| Financial income75/76B | - | €5k | €10k | €6k | €6k | ▲ 5.3% |
| Recurring financial income75 | €2k | €5k | €10k | €6k | €6k | ▲ 5.3% |
| Financial charges65/66B | - | €5k | €6k | €8k | €8k | ▼ 3.8% |
| Recurring financial charges65 | €8k | €5k | €6k | €8k | €8k | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €121k | €119k | €164k | €107k | €143k | ▲ 33.7% |
| Transfer from deferred taxes780 | - | €946 | €654 | €0 | - | - |
| Income taxes67/77 | €35k | €35k | €39k | €30k | €39k | ▲ 28.8% |
| Profit (loss) for the period9904 | €87k | €85k | €126k | €77k | €104k | ▲ 35.6% |
| Transfer from tax-exempt reserves789 | - | €3k | €3k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €91k | €88k | €128k | €77k | €104k | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €683k | €701k | €871k | €822k | €836k | ▲ 1.6% |
| Fixed assets21/28 | €118k | €103k | €247k | €245k | €203k | ▼ 17.1% |
| Tangible fixed assets22/27 | €118k | €103k | €247k | €245k | €203k | ▼ 17.1% |
| Land and buildings22 | - | €44k | €44k | €44k | €44k | = |
| Plant, machinery and equipment23 | - | €3k | €57k | €44k | €32k | ▼ 28.0% |
| Furniture and vehicles24 | - | €54k | €146k | €156k | €113k | ▼ 27.7% |
| Other tangible fixed assets26 | - | €1k | €648 | €339 | €14k | ▲ 4,059% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €565k | €598k | €624k | €577k | €632k | ▲ 9.6% |
| Stocks and contracts in progress3 | €8k | €71k | €13k | €14k | €12k | ▼ 10.4% |
| Stocks30/36 | - | €15k | €13k | €14k | €12k | ▼ 10.4% |
| Contracts in progress37 | - | €56k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €60k | €69k | €71k | €57k | €72k | ▲ 27.0% |
| Trade receivables40 | - | €53k | €68k | €41k | €61k | ▲ 49.0% |
| Other amounts receivable41 | - | €16k | €4k | €16k | €11k | ▼ 29.7% |
| Current investments50/53 | €100k | €160k | €162k | €165k | €168k | ▲ 1.8% |
| Cash at bank and in hand54/58 | €395k | €292k | €372k | €335k | €374k | ▲ 11.7% |
| Deferred charges and accrued income490/1 | - | €6k | €6k | €8k | €7k | ▼ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €683k | €701k | €871k | €822k | €836k | ▲ 1.6% |
| Equity10/15 | €497k | €526k | €591k | €598k | €596k | ▼ 0.4% |
| Contributions10/11 | - | €13k | €25k | €25k | €25k | = |
| Revaluation surpluses12 | - | €4k | €4k | €4k | €4k | = |
| Reserves13 | €480k | €509k | €562k | €569k | €567k | ▼ 0.5% |
| Non-distributable reserves130/1 | - | €3k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €3k | €0 | - | - | - |
| Tax-exempt reserves132 | - | €3k | €0 | - | - | - |
| Distributable reserves133 | - | €504k | €562k | €569k | €567k | ▼ 0.5% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €2k | €654 | €0 | - | - | - |
| Deferred taxes168 | - | €654 | €0 | - | - | - |
| Amounts payable17/49 | €185k | €175k | €280k | €224k | €240k | ▲ 7.1% |
| Amounts payable after more than one year17 | €83k | €56k | €123k | €78k | €46k | ▼ 41.0% |
| Financial debts170/4 | - | €56k | €123k | €78k | €46k | ▼ 41.0% |
| Amounts payable within one year42/48 | €101k | €118k | €157k | €146k | €193k | ▲ 32.3% |
| Current portion of amounts payable after more than one year42 | - | €27k | €50k | €45k | €32k | ▼ 29.6% |
| Trade debts44 | €10k | €19k | €4k | €6k | €22k | ▲ 292% |
| Suppliers440/4 | - | €19k | €4k | €6k | €22k | ▲ 292% |
| Taxes, remuneration and social security45 | - | €14k | €18k | €12k | €22k | ▲ 76.9% |
| Taxes450/3 | - | €2k | €14k | €9k | €14k | ▲ 58.1% |
| Remuneration and social security454/9 | - | €12k | €3k | €3k | €8k | ▲ 125% |
| Other amounts payable47/48 | - | €59k | €84k | €83k | €118k | ▲ 42.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €802 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87k | €85k | €126k | €77k | €104k | ▲ 35.6% |
| + Depreciation and write-downs630 | €39k | €27k | €37k | €55k | €56k | ▲ 1.6% |
| Operating cash flow (approximation) | €126k | €112k | €163k | €132k | €161k | ▲ 21.4% |
| Investment in fixed assets (approximation) | - | €-12k | €-181k | €-53k | €-14k | ▲ 73.3% |
| Change in cash | - | €-103k | €80k | €-37k | €39k | ▲ 205% |
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
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €77k ▼38.7%
Net result drops to €77k, the lowest in the series; recovery starts the following year.
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €126k ▲48.6%
Operating result €160k, net result €126k, both a record.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
31-03
Financial
Equity above €500kEq €526k ▲5.8%
3 profitable years in a row build equity to €526k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lichtervelde · 1 establishment unit since 2009
Ground area
1,590 m²
Building footprint
216 m²
Volume, LiDAR
1,167 m³
Parcel 36011E1312/00P002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Moenaert
since 20092.176.993.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E1312/00P002 | Flanders | 1,590 m² | 1 · 216 m² | 9.0 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 to 2025 · 3 entries · 3,487 EUR awarded · 3,487 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,957 EUR | 1,957 EUR |
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
| 2022 | 1 | 30 EUR | 30 EUR |
Schemes
Individueel Maatwerk
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,137 companies in sector 43910 we hold annual accounts for 5,491. 3,304 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
Founded02-03-2009
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
43230Insulation installation
43320Joinery installation
43331Floor and wall tiling
43421Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.