Financials
- Fiscal year
- 2025
- Total assets
- €2.1m
- Loss
- -€121,234
- Solvency
- 21.7%
Total assets▼ 11.3%
Net result
20182025
Moernaut
ActiveSummary
Moernaut has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €450,457 and a net result of -€121,234. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 32% of 11770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Retail sale of footwear
NACE 47721NACE 52431
1 site
Size
€2.1mtotal assets 2025
- Staff
- 12.3 FTE
- Equity
- €450,457
- Loss
- -€121,234
Turnover not published (abridged schema)
Structure
- Parent
- GEN3 · 98%
Accounts 2 d early0 of 3 deeds read
Why 62- Equity €450,457 (21.7% of total assets)- Loss of €121,234, the second in a row (FY 2025)- Sector Retail trade (NACE 47)- Size: 12.3 FTE, total assets €2.1mShow the evidence
Checked score
Score 2025
62
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 21% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
47-2
equity 21.7% of total assets
Liquidity
17-9
short-term debt 67.0% · cash 2.5%
Profitability
27-11
return on assets -5.8%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.0%● 0.0% vs 11-2024
01-2025: 1.0%● 0.0% vs 12-2024
02-2025: 1.0%● 0.0% vs 01-2025
03-2025: 1.2%▲ +15.6% vs 02-2025
04-2025: 1.3%▲ +3.7% vs 03-2025
05-2025: 1.3%▲ +1.5% vs 04-2025
06-2025: 1.3%▼ -0.6% vs 05-2025
07-2025: 1.5%▲ +20.6% vs 06-2025highest value
08-2025: 0.8%▼ -46.6% vs 07-2025lowest value
09-2025: 0.8%● 0.0% vs 08-2025lowest value
10-2025: 0.8%● 0.0% vs 09-2025lowest value
11-2025: 0.8%● 0.0% vs 10-2025lowest value
12-2025: 0.8%● 0.0% vs 11-2025lowest value
01-2026: 0.8%● 0.0% vs 12-2025lowest value
02-2026: 0.8%● 0.0% vs 01-2026lowest value
03-2026: 0.8%● 0.0% vs 02-2026lowest value
04-2026: 0.8%▲ +3.8% vs 03-2026
05-2026: 0.9%▲ +1.6% vs 04-2026
06-2026: 0.9%▲ +1.0% vs 05-2026
07-2026: 0.9%▼ -0.2% vs 06-2026
08-2026: 1.4%▲ +60.0% vs 07-2026
09-2026: 1.4%● 0.0% vs 08-2026
10-2026: 1.4%● 0.0% vs 09-2026
- Equity €450,457 (21.7% of total assets) raises the probability
- Loss of €121,234, the second in a row (FY 2025) raises the probability
- Sector Retail trade (NACE 47) raises the probability
- Size: 12.3 FTE, total assets €2.1m raises the probability for this profile
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.08 in 2024; short-term debt: 67% and cash: 2.5% of total assets), and 78.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 38%, liquidity 15%, profitability 15%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€121,234
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
31 d early
2023
47 d early
2022
31 d early
2021
8 d early
2020
on the day
2019
29 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 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
- Risk: 8 loss-making years in a rowloss fiscal year 2025 -€121,234 View
- Caution: Result fell in 2025from -€50,523 to -€121,234 ▼ 140% View
- Caution: Among the weakest 5% on net resultsector median €28,653 · 11,758 companies -€121,234 View
- Controlled by GEN3 98% View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
- Active since 1980founded 15-12-1980 45 years View
By topic
Board & ownership
- Parent
- GEN3 · 98%
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-07-2026Annual accounts filed
- 30-06-2025Annual accounts filed
- 14-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of footwearNACE 47721
- Founded
- 15-12-1980
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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