MOERVAARTHOEVE
ActiveThe computed 12-month bankruptcy probability of MOERVAARTHOEVE is 1.8% (moderate). The 2024 annual accounts show equity of €158k and a net result of €42k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 2924 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.09 against 3.3 in 2023), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
1 d early
2022
5 d early
2021
51 d early
2020
3 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€158k▲ 18.2%
2023 · €134k
2018: €39k
2019: €63k
2020: €70k
2021: €105k
2022: €127k
2023: €134k
2018 → 2024
Total assets
€193k▲ 14.6%
2023 · €168k
2018: €110k
2019: €126k
2020: €119k
2021: €159k
2022: €188k
2023: €168k
2018 → 2024
Net result
€42k▲ 62.5%
2023 · €26k
2018: €18k
2019: €24k
2020: €8k
2021: €35k
2022: €22k
2023: €26k
2018 → 2024
Working capital
€108k▲ 35.2%
2023 · €80k
2018: €28k
2019: €47k
2020: €56k
2021: €121k
2022: €122k
2023: €80k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€70k-€105k▲ 49.7%€127k▲ 20.7%€134k▲ 5.2%€158k▲ 18.2%
Operating result€9k-€45k▲ 416%€32k▼ 29.6%€37k▲ 17.8%€58k▲ 55.5%
Net result€8k-€35k▲ 366%€22k▼ 37.7%€26k▲ 19.9%€42k▲ 62.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 56% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €193k
Fixed assets
€50k▼ 7.0%
Current assets
€143k▲ 24.8%
Equity and liabilities €193k
Equity
€158k▲ 18.2%
Debt
€35k▲ 0.7%
The debt ratio falls from 20.6% to 18.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€69k▲
2023 · €48k
Cash flow
€53k▲
2023 · €37k
Solvency
81.9%▲
2023 · 79.4%
Current ratio
4.09▲
2023 · 3.30
Quick ratio
3.82▲
2023 · 3.09
Debt / equity
0.22▼
2023 · 0.26
ROE
26.8%▲
2023 · 19.5%
ROA
22.0%▲
2023 · 15.5%
Interest coverage
16.89▼
2023 · 19.81
Debt
€35k▲
2023 · €35k
Debt ≤ 1 year
€35k▲
2023 · €35k
Income taxes
€12k▲
2023 · €9k
Staff costs
€49▼
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€168k€193k▲
Fixed assets21/28€54k€50k▼
Tangible fixed assets22/27€54k€50k▼
Plant, machinery and equipment23€17k€15k▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€29k€29k▲
Current assets29/58€115k€143k▲
Stocks and contracts in progress3€7k€9k▲
Stocks30/36€7k€9k▲
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€16€0▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€100k€127k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€168k€193k▲
Equity10/15€134k€158k▲
Contributions10/11€2k€2k=
Reserves13€132k€156k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€132k€156k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€35k€35k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€35k€35k▲
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€9k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€27k€21k▼
Income statement
Code20232024
Remuneration, social security and pensions62€10k€49▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€1k€591▼
Gross operating margin9900€59k€70k▲
Operating profit (loss)9901€37k€58k▲
Financial income75/76B€115€129▲
Recurring financial income75€115€129▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€35k€54k▲
Income taxes67/77€9k€12k▲
Profit (loss) for the period9904€26k€42k▲
Profit (loss) for the period to be appropriated9905€26k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€42k▲
Transfer from equity791/2€19k€18k▼
Transfer to equity691/2€26k€42k▲
To other reserves6921€26k€42k▲
Profit to be distributed694/7€19k€18k▼
Return on contributions (dividend)694€2k€18k▲
Other beneficiaries697€17k€0▼
Social balance
Average headcount (FTE)90870.40.0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €42k ▲62.5%
Operating result €58k, net result €42k, both a record.
31-12
Financial
Equity above €150kEq €158k ▲18.2%
7 profitable years in a row build equity to €158k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 9.71
Current ratio from 2.44 to 9.71; short-term debt falls from €39k to €14k.
31-12
Financial
Equity above €100kEq €105k ▲49.7%
4 profitable years in a row build equity to €105k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €8k ▼68.2%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Wachtebeke · 1 establishment unit since 2017
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.
Peene 59185 WachtebekeGround area
1,873 m²
Building footprint
176 m²
Volume, LiDAR
1,360 m³
Parcel 44073D0085/00W000, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MOERVAARTHOEVE
since 20172.264.896.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44073D0085/00W000 | Flanders | 1,873 m² | 1 · 176 m² | 11.7 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWachtebeke2.264.896.649
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,311. 8,879 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.