Moffat Development
ActiveMoffat Development has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-30k. Equity is shrinking by ~23.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 87% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 8.9 against 5.65 in 2024; short-term debt: 10.8% and cash: 91.5% of total assets), and 10.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.2%
Return on assets
-47.7%
Age of the figures
9 mo
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
22232425
2022 to 2025 · latest year €-30k
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 15-04-2026, 107 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
107 d early
2024
14 d early
2023
23 d late
2022
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€56k▼ 34.8%
2024 · €86k
2022: €95k
2023: €116k
2024: €86k
2022 → 2025
Total assets
€63k▼ 39.6%
2024 · €104k
2022: €140k
2023: €161k
2024: €104k
2022 → 2025
Net result
€-30k▲ 2.9%
2024 · €-31k
2022: €90k
2023: €22k
2024: €-31k
2022 → 2025
Working capital
€53k▼ 36.0%
2024 · €83k
2022: €96k
2023: €105k
2024: €83k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€95k-€116k▲ 22.1%€86k▼ 26.4%€56k▼ 34.8%
Operating result€120k-€30k▼ 75.0%€-20k€-30k▼ 45.8%
Net result€90k-€22k▼ 75.7%€-31k€-30k▲ 2.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €20k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€3k▲ 6.5%
Current assets
€60k▼ 40.7%
Equity and liabilities €63k
Equity
€56k▼ 34.8%
Debt
€7k▼ 62.3%
The debt ratio falls from 17.3% to 10.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-29k▼
2024 · €-20k
Cash flow
€-29k▲
2024 · €-30k
Solvency
89.2%▲
2024 · 82.7%
Current ratio
8.90▲
2024 · 5.65
Quick ratio
8.90▲
2024 · 5.65
Debt / equity
0.12▼
2024 · 0.21
ROE
-53.4%▼
2024 · -35.8%
ROA
-47.7%▼
2024 · -29.6%
Interest coverage
-485.72▼
2024 · -256.94
Debt
€7k▼
2024 · €18k
Debt ≤ 1 year
€7k▼
2024 · €18k
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€104k€63k▼
Fixed assets21/28€2k€3k▲
Intangible fixed assets21-€352
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€566€400▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€101k€60k▼
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€4k-
Other amounts receivable41€562€2k▲
Cash at bank and in hand54/58€96k€57k▼
Deferred charges and accrued income490/1€17€559▲
Equity and liabilities
Total equity and liabilities10/49€104k€63k▼
Equity10/15€86k€56k▼
Contributions10/11€5k€5k=
Reserves13€81k€64k▼
Distributable reserves133€81k€64k▼
Profit (loss) carried forward14-€-13k
Amounts payable17/49€18k€7k▼
Amounts payable within one year42/48€18k€7k▼
Trade debts44€3k€337▼
Suppliers440/4€3k€337▼
Taxes, remuneration and social security45€9k€1k▼
Taxes450/3€8k-
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€5k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€347€970▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€-5k▼
Other operating charges640/8€451€5k▲
Gross operating margin9900€-15k€-28k▼
Operating profit (loss)9901€-20k€-30k▼
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€10k€59▼
Recurring financial charges65€78€59▼
Non-recurring financial charges66B€10k-
Profit (loss) for the period before taxes9903€-31k€-30k▲
Profit (loss) for the period9904€-31k€-30k▲
Profit (loss) for the period to be appropriated9905€-31k€-30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-30k▲
Transfer from equity791/2€31k€17k▼
The notes to these accounts (11 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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-31k ▼240%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Equity above €100kEq €116k ▲22.1%
2 profitable years in a row build equity to €116k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kortenberg · 1 establishment unit since 2021
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.
Hofstraat 853070 KortenbergGround area
386 m²
Building footprint
136 m²
Volume, LiDAR
654 m³
Parcel 24055A0029/00R007, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Moffat Development
since 20212.323.597.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055A0029/00R007 | Flanders | 386 m² | 1 · 136 m² | 9.3 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.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,374 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2021
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.