MOERMAN
ActiveMOERMAN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.34M and a net result of €852k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 86% of 7971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-6
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 5.71 against 4.44 in 2024; short-term debt: 13% and cash: 10.8% of total assets), and 17.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
82.4%
Return on assets
8.4%
Age of the figures
14 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 27-02-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d early
2023
23 d early
2022
34 d early
2021
31 d early
2020
67 d early
2019
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close19-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8.34M▲ 11.4%
2024 · €7.49M
2019: €2.40M
2020: €3.35M
2021: €4.32M
2022: €4.96M
2023: €6.22M
2024: €7.49M
2019 → 2025
Total assets
€10.12M▲ 4.0%
2024 · €9.74M
2019: €4.78M
2020: €5.61M
2021: €6.65M
2022: €7.14M
2023: €8.21M
2024: €9.74M
2019 → 2025
Net result
€852k▼ 33.2%
2024 · €1.27M
2019: €853k
2020: €952k
2021: €974k
2022: €636k
2023: €1.26M
2024: €1.27M
2019 → 2025
Working capital
€6.19M▲ 2.9%
2024 · €6.01M
2019: €1.68M
2020: €2.63M
2021: €3.57M
2022: €4.00M
2023: €4.81M
2024: €6.01M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.32M-€4.96M▲ 14.7%€6.22M▲ 25.4%€7.49M▲ 20.5%€8.34M▲ 11.4%
Operating result€1.33M-€921k▼ 30.6%€1.74M▲ 89.3%€1.72M▼ 1.6%€1.17M▼ 31.7%
Net result€974k-€636k▼ 34.7%€1.26M▲ 97.9%€1.27M▲ 1.2%€852k▼ 33.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.12M
Fixed assets
€2.62M▲ 32.6%
Current assets
€7.50M▼ 3.3%
Equity and liabilities €10.12M
Equity
€8.34M▲ 11.4%
Debt
€1.78M▼ 20.7%
The debt ratio falls from 23.0% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.53M▼
2024 · €2.07M
Cash flow
€1.21M▼
2024 · €1.63M
Solvency
82.4%▲
2024 · 77.0%
Current ratio
5.71▲
2024 · 4.44
Quick ratio
5.67▲
2024 · 4.42
Debt / equity
0.21▼
2024 · 0.30
ROE
10.2%▼
2024 · 17.0%
ROA
8.4%▼
2024 · 13.1%
Interest coverage
15.95▼
2024 · 24.02
Debt
€1.78M▼
2024 · €2.24M
Debt ≤ 1 year
€1.31M▼
2024 · €1.75M
Debt > 1 year
€425k▼
2024 · €439k
Income taxes
€297k▼
2024 · €427k
Staff costs
€1.14M▲
2024 · €1.09M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.74M€10.12M▲
Fixed assets21/28€1.98M€2.62M▲
Tangible fixed assets22/27€1.98M€2.62M▲
Land and buildings22€290k€0▼
Plant, machinery and equipment23€786k€1.12M▲
Furniture and vehicles24€212k€168k▼
Leasing and similar rights25€691k€655k▼
Other tangible fixed assets26-€677k
Financial fixed assets28€135€135=
Current assets29/58€7.76M€7.50M▼
Stocks and contracts in progress3€38k€53k▲
Stocks30/36€38k€53k▲
Amounts receivable within one year40/41€3.66M€3.65M▼
Trade receivables40€3.51M€3.54M▲
Other amounts receivable41€153k€116k▼
Current investments50/53€3.01M€2.58M▼
Cash at bank and in hand54/58€948k€1.10M▲
Deferred charges and accrued income490/1€106k€113k▲
Equity and liabilities
Total equity and liabilities10/49€9.74M€10.12M▲
Equity10/15€7.49M€8.34M▲
Contributions10/11€50k€50k=
Reserves13€7.44M€8.29M▲
Non-distributable reserves130/1€5k€0▼
Reserves not available under the articles1311€5k€0▼
Distributable reserves133€7.44M€8.29M▲
Amounts payable17/49€2.24M€1.78M▼
Amounts payable after more than one year17€439k€425k▼
Financial debts170/4€439k€425k▼
Amounts payable within one year42/48€1.75M€1.31M▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€1.42M€947k▼
Suppliers440/4€1.42M€947k▼
Taxes, remuneration and social security45€88k€63k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€77k€58k▼
Other amounts payable47/48€223k€289k▲
Accrued charges and deferred income492/3€59k€41k▼
Income statement
Code20242025
Non-recurring operating income76A€5k€400▼
Remuneration, social security and pensions62€1.09M€1.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354k€356k▲
Other operating charges640/8€289k€486k▲
Gross operating margin9900€3.45M€3.16M▼
Operating profit (loss)9901€1.72M€1.17M▼
Financial income75/76B€72k€73k▲
Recurring financial income75€72k€73k▲
Financial charges65/66B€86k€96k▲
Recurring financial charges65€86k€96k▲
Profit (loss) for the period before taxes9903€1.70M€1.15M▼
Income taxes67/77€427k€297k▼
Profit (loss) for the period9904€1.27M€852k▼
Profit (loss) for the period to be appropriated9905€1.27M€852k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.27M€852k▼
Transfer to equity691/2€1.27M€852k▼
To other reserves6921€1.27M€852k▼
Social balance
Average headcount (FTE)908725.724.7▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
Financial
Highest result since 2019net €1.27M ▲1.2%
Net result €1.27M, the highest in the series.
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
Financial
Equity above €5MEq €6.22M ▲25.4%
5 profitable years in a row build equity to €6.22M.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
Financial
Weakest financial yearnet €636k ▼34.7%
Net result drops to €636k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
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.
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, Kluisbergen · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avelgemstraat 4 D9690 KluisbergenGround area
3.0 ha
Building footprint
192 m²
Volume, LiDAR
813 m³
Parcel 45043A0279/00M002, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MOERMAN
since 20092.179.432.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45043A0279/00M002 | Flanders | 3.0 ha | 1 · 191 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 5 entries · 79,500 EUR awarded · 77,564 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 29,864 EUR |
| 2024 | 1 | 0 EUR | 23,850 EUR |
| 2023 | 1 | 0 EUR | 12,375 EUR |
| 2022 | 1 | 79,500 EUR | 11,475 EUR |
Schemes
Ecologiepremie+
Recognitions · licences · registrations
Food safety, FASFC
1 siteKluisbergen2.179.432.028
Legal Entity Identifier
875500ORGE9ETOTTFG12
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MEAT FOR YOU
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Of 185 companies in sector 46322 we hold annual accounts for 133. 34 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2009
Fiscal year end31-07
Activities, NACEBEL
10120Manufacture of food products
46322Wholesale trade
47222Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.