Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The abbreviated format states no turnover.
Of this, €228,830 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 132.1% higher than in 2024.
The 2022 accounts came 31 days late. The other three were filed on time.
Less equity than 92% of companies in retail trade. Sector median €235,725 · 12,872 companies.
In July 2024, 7,639 companies had the same profile as MOEVS has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for MOEVS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MOEVS Antwerp | €269,673 | €41,250 | -22.9% | 2.4 |
| EL-ISE Vorselaar | €247,603 | €54,599 | 42.5% | 0.7 |
| BIKE CENTER MEYER Saint-Vith | €329,581 | €42,096 | 24.4% | - |
| Bart Bikes Anzegem | €298,689 | €34,351 | -15.8% | - |
| NATOVI Knokke-Heist | €233,685 | €58,865 | 15.3% | - |
| PULSE STORE Ottignies-Louvain-la-Neuve | €536,961 | €96,348 | 36.2% | 2.3 |
| Link Scherpenheuvel-Zichem | €363,866 | €51,005 | 22.7% | - |
These companies have the same main activity as MOEVS: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €234,000 and €537,000, founded between 2020 and 2023.
MOEVS files the abbreviated format. That format states no turnover. The gross margin rose from €3,046 in 2022 to €41,250 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €140,000 and €460,000.
Higher than 9% of 12,862 companies in 2025.
Higher than 28% of 12,652 companies in 2025.
Higher than 6% of 12,725 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
269,673 | 229,024 | 132,227 | 88,570 | |
21/28 |
33,572 | 29,771 | 33,006 | 15,970 | |
21 |
6,691 | 7,730 | 8,770 | 9,809 | |
22/27 |
20,901 | 16,061 | 18,256 | 1,661 | |
23 |
1,259 | 542 | 344 | - | |
24 |
1,391 | 2,053 | 2,905 | 1,661 | |
26 |
18,252 | 13,466 | 15,007 | - | |
28 |
5,980 | 5,980 | 5,980 | 4,500 | |
29/58 |
236,101 | 199,252 | 99,221 | 72,600 | |
29 |
27,841 | 26,508 | 16,964 | 42,382 | |
291 |
27,841 | 26,508 | 16,964 | 42,382 | |
3 |
97,684 | 87,198 | 25,655 | 12,615 | |
30/36 |
97,684 | 87,198 | 25,655 | 12,615 | |
40/41 |
94,073 | 73,966 | 49,054 | 12,008 | |
40 |
94,073 | 73,966 | 49,054 | 12,008 | |
54/58 |
16,490 | 11,579 | 7,549 | 5,595 | |
490/1 |
13 | - | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
269,673 | 229,024 | 132,227 | 88,570 | |
10/15 |
-61,862 | -1,221 | -4,856 | 17,934 | |
10/11 |
35,000 | 35,000 | 35,000 | 35,000 | |
14 |
-96,862 | -36,221 | -39,856 | -17,066 | |
17/49 |
331,536 | 230,245 | 137,083 | 70,636 | |
17 |
98,146 | 80,295 | 88,944 | 17,759 | |
178/9 |
98,146 | 80,295 | 88,944 | 17,759 | |
42/48 |
228,830 | 135,963 | 48,139 | 45,169 | |
44 |
192,275 | 122,212 | 14,700 | 19,363 | |
440/4 |
192,275 | 122,212 | 14,700 | 19,363 | |
45 |
36,556 | 13,751 | 33,439 | 23,277 | |
450/3 |
19,697 | 9,681 | 19,349 | 19,911 | |
454/9 |
16,858 | 4,070 | 14,090 | 3,365 | |
47/48 |
- | - | 0 | 2,529 | |
492/3 |
4,559 | 13,987 | 0 | 7,708 | |
| Income statement | |||||
76A |
0 | 500 | 43 | - | |
9900 |
41,250 | 64,962 | 45,487 | 3,046 | |
62 |
89,235 | 48,458 | 60,921 | 17,505 | |
630 |
4,317 | 3,644 | 2,119 | 839 | |
640/8 |
1,998 | 2,198 | 2,534 | 1,253 | |
66A |
- | 0 | 778 | - | |
9901 |
-54,300 | 10,663 | -20,866 | -16,551 | |
75/76B |
1,532 | 1,394 | 627 | 411 | |
75 |
1,532 | 1,394 | 627 | 411 | |
65/66B |
7,873 | 8,422 | 2,550 | 926 | |
65 |
7,873 | 8,422 | 2,550 | 926 | |
9903 |
-60,641 | 3,635 | -22,790 | -17,066 | |
9904 |
-60,641 | 3,635 | -22,790 | -17,066 | |
9905 |
-60,641 | 3,635 | -22,790 | -17,066 | |
| Appropriation of the result | |||||
9906 |
-96,862 | -36,221 | -39,856 | -17,066 | |
14P |
-36,221 | -39,856 | -17,066 | - | |
| Social balance sheet | |||||
9087 |
2.4 | 1.7 | 1.7 | 0.5 | |
Hours worked1013 |
3,422 | 2,270 | 2,524 | 874 | |
| Document | |||||
The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -49,983 | 14,307 | -18,747 | -15,713 | ||
| -56,324 | 7,278 | -20,671 | -16,228 | ||
| 8,118 | 409 | 23,655 | 16,809 | ||
| 4,910 | 4,030 | 1,954 | - | ||
| 7,271 | 63,289 | 51,083 | 27,431 | ||
| -22.9% | -0.5% | -3.7% | 20.2% | ||
| 1.03 | 1.47 | 2.06 | 1.61 | ||
| 0.60 | 0.82 | 1.53 | 1.33 | ||
| - | - | - | 3.94 | ||
| - | - | - | -95.2% | ||
| -22.5% | 1.6% | -17.2% | -19.3% | ||
| -6.35 | 1.70 | -7.35 | -16.98 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 2 | 3 | 1 |
| full-time | 2 | 1 | 1 | 0 |
| part-time | 2 | 1 | 2 | 1 |
| in full-time equivalents | 3.1 | 1.2 | 2 | 0.6 |
| 2.4 | 1.3 | 1.7 | 0.5 | |
| On a permanent contract | - | 1 | - | 1 |
| Joined | - | 5 | 4 | 1 |
| Left | - | 6 | 2 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €8,118 | €409 | €17,675 | €1,916 |
| Intangible fixed assets | - | - | - | €10,393 |
| Financial fixed assets | €0 | - | €5,980 | €4,500 |
| €4,317 | €3,644 | €2,119 | €839 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €54,300, after a profit of €10,663 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€331,536) exceeds the balance-sheet total (€269,673).
Source: parent in its own accounts
| TEAM CLEANING BELGIUM
establishment since 02-11-2020 · founded in 2020 |
4 FTE (2024) 0757.707.283 |
| dothub
establishment since 07-07-2025 |
founded in 2025 1025.208.836 |
The network starts from the directors of MOEVS. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
MOEVS was incorporated on 11 April 2022 as a private limited company by , with a starting capital of €35,000.12 The registered office was moved to Antwerp in 2023.3 The board currently has 2 members, 2 of whom have served since 2022.4 Total assets rose from €88,570 in 2022 to €269,673 in 2025 and headcount from 0.5 to 2.4 full-time equivalents.5
| Establishment | Since | Unit number |
|---|---|---|
| Joossensgang 10 registered office 2060 Antwerp | 11-04-2022 | 2.330.684.425 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11807G0274/00C002 | 290 m² | 1 · 290 m² | 11.3 m · 3 |
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