MOENS BART
ActiveSummary
MOENS BART has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €686,284 and a net result of €977,490. Equity is shrinking by about 4.9% per year across the filed financial years. Its solvency ranks better than 30% of 42 sector peers (NACE 37, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 8.6 FTE
- Equity
- €686,284
- Profit
- €977,490
- Parent
- Delegando BV · 100%
- K.L.DEKOSTERDirector · permanent representative DEKOSTER Luc
Why 94lowers riskFounded in 1991Liquidity: current ratio 1.21, cash €347,118Figures for financial year 2025 (filed 04-08-2026)Profit of €977,490 (financial year 2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 37, micro): better than 37% on solvency, 24% on liquidity and 94% on profitability.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 6 days before the deadline; the sector median (NACE 37) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2019 to 2025net €977,490 ▲157%
- Equity above €500,000equity €686,284 ▲49.6%
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (3 days) Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00374937.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 159% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 37, Sewerage: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Net result +157% on 2024. This financial year ran 21 months, the previous one 12.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,818 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.03m | €0 | €0.07m | €0.1m | ▲ 58.1% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.3m | €0.4m | €1.0m | ▲ 156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.09m | €0.1m | €0.1m | €0.3m | ▲ 151% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.001m | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.03m | €0.02m | €0.06m | ▲ 172% |
| Non-recurring operating charges66A | - | - | - | €0.01m | €0.01m | €0.002m | €0.001m | ▼ 35.8% |
| Gross operating margin9900 | €0.7m | €0.8m | €0.7m | €0.9m | €0.8m | €1.1m | €2.8m | ▲ 157% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.3m | €0.5m | €0.4m | €0.5m | €1.3m | ▲ 159% |
| Financial income75/76B | - | - | - | €0.2m | €0.002m | €0.001m | €0.007m | ▲ 439% |
| Recurring financial income75 | €0.005m | €0.001m | €0.01m | €0.07m | €0.002m | €0.001m | €0.007m | ▲ 439% |
| Non-recurring financial income76B | - | - | - | €0.1m | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.03m | €0.05m | ▲ 82.4% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.008m | €0.02m | €0.02m | €0.03m | €0.05m | ▲ 82.4% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.3m | €0.3m | €0.7m | €0.3m | €0.5m | €1.3m | ▲ 164% |
| Transfer from deferred taxes780 | - | - | - | €0.004m | €0.005m | €0.007m | €0.01m | ▲ 95.4% |
| Transfer to deferred taxes680 | - | - | - | €0.03m | €0 | - | €0.03m | - |
| Income taxes67/77 | €0.1m | €0.1m | €0.09m | €0.1m | €0.06m | €0.1m | €0.3m | ▲ 158% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.2m | €0.6m | €0.3m | €0.4m | €1.0m | ▲ 157% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.09m | €0.01m | €0.02m | €0.04m | ▲ 95.4% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.09m | €0 | - | €0.08m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.2m | €0.6m | €0.3m | €0.4m | €0.9m | ▲ 133% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.5m | €1.5m | €1.1m | €1.4m | €1.4m | €2.5m | ▲ 80.8% |
| Fixed assets21/28 | €0.5m | €0.6m | €0.4m | €0.1m | €0.6m | €0.6m | €0.8m | ▲ 43.8% |
| Intangible fixed assets21 | €0.006m | €0.01m | €0.01m | €0.007m | €0.01m | €0.03m | €0.06m | ▲ 76.2% |
| Tangible fixed assets22/27 | €0.4m | €0.5m | €0.4m | €0.09m | €0.6m | €0.5m | €0.7m | ▲ 43.3% |
| Land and buildings22 | - | - | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.03m | €0.04m | €0.05m | ▲ 9.9% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.3m | €0.2m | €0.4m | ▲ 76.3% |
| Leasing and similar rights25 | - | - | - | €0.02m | €0.3m | €0.3m | €0.3m | ▲ 21.4% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.003m | €0.002m | ▼ 41.9% |
| Financial fixed assets28 | - | €0.002m | €0.002m | €0.002m | €0.02m | €0.02m | €0.02m | ▲ 0.9% |
| Current assets29/58 | €0.8m | €0.9m | €1.1m | €1.0m | €0.8m | €0.8m | €1.7m | ▲ 107% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.005m | €0.003m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | €0.005m | €0.003m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0.008m | €0.008m | €0.003m | €0.008m | €0.005m | €0.01m | €0.008m | ▼ 23.8% |
| Contracts in progress37 | - | - | - | €0.008m | €0.005m | €0.01m | €0.008m | ▼ 23.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.1m | €0.4m | €0.3m | €0.3m | €1.1m | ▲ 280% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 3.1% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | €0.03m | €0.9m | ▲ 25× |
| Current investments50/53 | €0.3m | €0.4m | €0.5m | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.4m | €0.6m | €0.5m | €0.5m | €0.3m | ▼ 29.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.02m | €0.02m | €0.2m | ▲ 963% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.5m | €1.1m | €1.4m | €1.4m | €2.5m | ▲ 80.8% |
| Equity10/15 | €0.7m | €0.9m | €1.1m | €0.3m | €0.4m | €0.5m | €0.7m | ▲ 49.6% |
| Contributions10/11 | €0.04m | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.6m | €0.8m | €1.0m | €0.2m | €0.3m | €0.4m | €0.6m | ▲ 54.0% |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.09m | €0.07m | €0.1m | ▲ 59.8% |
| Distributable reserves133 | - | - | - | €0.1m | €0.3m | €0.4m | €0.5m | ▲ 52.9% |
| Profit (loss) carried forward14 | €0.01m | €0.01m | €0.01m | €0.02m | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.01m | €0.01m | €0.007m | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 59.8% |
| Deferred taxes168 | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 59.8% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.4m | €0.8m | €1.0m | €0.9m | €1.8m | ▲ 96.9% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.2m | €0.03m | €0.4m | €0.3m | €0.4m | ▲ 24.7% |
| Financial debts170/4 | - | - | - | €0.03m | €0.4m | €0.3m | €0.4m | ▲ 24.7% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | €0.8m | €0.6m | €0.6m | €1.4m | ▲ 134% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.1m | €0.08m | €0.4m | ▲ 338% |
| Financial debts43 | - | - | - | €0.03m | €0 | €0.03m | €64 | ▼ 99.8% |
| Credit institutions430/8 | - | - | - | - | - | €0.03m | €64 | ▼ 99.8% |
| Other loans439 | - | - | - | €0.03m | €0 | - | - | - |
| Trade debts44 | €0.03m | €0.04m | €0.05m | €0.06m | €0.1m | €0.2m | €0.2m | ▲ 57.5% |
| Suppliers440/4 | - | - | - | €0.06m | €0.1m | €0.2m | €0.2m | ▲ 57.5% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.07m | €0.03m | €0.04m | ▲ 68.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.05m | €0 | €0.004m | - |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.03m | €0.04m | ▲ 51.5% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.3m | €0.3m | €0.8m | ▲ 145% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.002m | €252 | €0.002m | ▲ 607% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.2m | €0.6m | €0.3m | €0.4m | €1.0m | ▲ 157% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.09m | €0.1m | €0.1m | €0.3m | ▲ 151% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.4m | €0.7m | €0.4m | €0.5m | €1.3m | ▲ 156% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.02m | €0.2m | -€0.6m | -€0.08m | -€0.6m | ▼ 636% |
| Change in cash | - | -€0.03m | €0.2m | €0.1m | -€0.1m | €0.02m | -€0.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-08-2026 | 2026-00374937 |
| 31-03-2024 | abbreviated format | 31-10-2024 | 2024-00531233 |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00505621 |
| 31-03-2022 | abbreviated format | 03-11-2022 | 2022-20482690 |
| 31-03-2021 | abbreviated format | 14-10-2021 | 2021-72000079 |
| 31-03-2020 | abbreviated format | 24-09-2020 | 2020-55600091 |
| 31-03-2019 | abbreviated format | 08-11-2019 | 2019-73400384 |
| 31-03-2018 | abbreviated format | 31-10-2018 | 2018-71300508 |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68800115 |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-67200259 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €27,142 awarded · €27,142 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €18,165 | €18,165 |
| 2024 | 2 | €8,057 | €8,201 |
| 2023 | 1 | €507 | €443 |
| 2022 | 1 | €413 | €333 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| K.L.DEKOSTER |
|
| Condor Management |
|
| Delegando BV |
|
Owners and capital
Owners
2 ownersChain of control
- Condor Management
- Delegando BV
- MOENS BART
Highest known parent: Condor Management. The sources do not say who stands above it.
Owners 2
- Delegando BVparent100%
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
23-04
Gazette deed
Permanent representative: Luc DekosterPower of attorney5 facts ▸
- Board meeting, 04-04-2025
- Permanent representative, Luc Dekoster
- Power of attorney, Stijn Haghebaert
- Power of attorney, Dirk Deloof
- Power of attorney, Olivier Deloof
14-03
Gazette deed
Resignations: Condor Management (director) and Delegando BV (director)Permanent representatives: DELOOF Olivier, DELOOF Dirk and DEKOSTER Luc · Appointment: K.L. DEKOSTER (director) · Director discharge12 facts ▸
- General meeting, 25-02-2025
- Other provision, “Overgangsbepalingen”, 31-12-2025 (deed in Dutch)
- Director resignation, Condor Management (director)
- Director resignation, Delegando BV (director)
- Director discharge, Condor Management (director)
- Director discharge, Delegando BV (director)
- Permanent representative, DELOOF Olivier
- Permanent representative, DELOOF Dirk
- Director appointment, K.L. DEKOSTER (director)
- Permanent representative, DEKOSTER Luc
- Power of attorney
- Power of attorney, Tim CARNEWAL
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Licences in the Official Gazette
1 publicationEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42021A0854/00S003 | Flanders | 1,965 m² | 1 · 484 m² | 6.5 m · 1 |
How the parcels are linked
Articles of association
- Who signsWho may bind the company towards others, for example by signing a contract.
- “EERSTE BESLISSING: Wijziging van de externe vertegenwoordigingsbevoegdheid van het bestuursorgaan. De vergadering beslist de bepaling inzake…”
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 19:00
Read from the deeds: 2 provisions, deed of 14-03-2025