MOHAVO
ActiveSummary
The computed 12-month bankruptcy probability of MOHAVO is 4.4% (elevated). The 2025 annual accounts show equity of €100k and a net result of €30k. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 113 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 5.93 against 4.63 in 2024; short-term debt: 12.9% and cash: 18.9% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← 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
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
87.1%
Return on assets
26%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€77k
EBIT margin
35.6%
Net result
€30k▼ 27.3%
2024 · €41k
2023: €27klowest in 3 years
2024: €41k▲ +50.6% vs 2023highest in 3 years
2025: €30k▼ -27.3% vs 2024
2023 → 2025
Working capital
€73k▲ 41.8%
2024 · €51k
2023: €23klowest in 3 years
2024: €51k▲ +121% vs 2023
2025: €73k▲ +41.8% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€77k-
Equity€29k-€70k▲ 140%€100k▲ 42.4%
2023: €29klowest in 3 years
2024: €70k▲ +140% vs 2023
2025: €100k▲ +42.4% vs 2024highest in 3 years
Operating result€27k-€41k▲ 50.6%€37k▼ 9.6%
2023: €27klowest in 3 years
2024: €41k▲ +50.6% vs 2023highest in 3 years
2025: €37k▼ -9.6% vs 2024
Net result€27k-€41k▲ 50.6%€30k▼ 27.3%
2023: €27klowest in 3 years
2024: €41k▲ +50.6% vs 2023highest in 3 years
2025: €30k▼ -27.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€27k ▲ 44.2%
Current assets
€88k ▲ 33.8%
Equity and liabilities €115k
Equity
€100k ▲ 42.4%
Debt
€15k ▲ 4.5%
Debt's share of the balance-sheet total falls from 16.8% to 12.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▼
2024 · €50k
Cash flow
€37k▼
2024 · €50k
Current ratio
5.93▲
2024 · 4.63
Debt to equity
0.15▼
2024 · 0.20
ROE
29.8%▼
2024 · 58.4%
ROA
26.0%▼
2024 · 48.6%
Interest coverage
20.98▼
2024 · 151.18
Debt ≤ 1 year
€15k▲
2024 · €14k
Income taxes
€5k
Staff costs
€56k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€115k▲
Fixed assets21/28€19k€27k▲
Tangible fixed assets22/27€19k€27k▲
Furniture and vehicles24€19k€27k▲
Current assets29/58€66k€88k▲
Amounts receivable within one year40/41€52k€57k▲
Trade receivables40€37k€18k▼
Other amounts receivable41€15k€39k▲
Cash at bank and in hand54/58€7k€22k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€84k€115k▲
Equity10/15€70k€100k▲
Contributions10/11€2k€2k=
Capital10€2k€2k=
Issued capital100€2k€2k=
Profit (loss) carried forward14€68k€98k▲
Amounts payable17/49€14k€15k▲
Amounts payable within one year42/48€14k€15k▲
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€6k€42▼
Remuneration and social security454/9€2k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€9k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€60k€107k▲
Operating profit (loss)9901€41k€37k▼
Financial charges65/66B€330€2k▲
Recurring financial charges65€330€2k▲
Profit (loss) for the period before taxes9903€41k€35k▼
Income taxes67/77-€5k
Profit (loss) for the period9904€41k€30k▼
Profit (loss) for the period to be appropriated9905€41k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€98k▲
Profit (loss) brought forward from the previous period14P€27k€68k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €77k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €44k | - | - | - |
| Remuneration, social security and pensions62 | €5k | €9k | €56k | ▲ 559% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €432 | €9k | €7k | ▼ 21.7% |
| Other operating charges640/8 | €198 | €2k | €1k | ▼ 27.3% |
| Non-recurring operating charges66A | - | - | €6k | - |
| Gross operating margin9900 | €33k | €60k | €107k | ▲ 78.0% |
| Operating profit (loss)9901 | €27k | €41k | €37k | ▼ 9.6% |
| Financial charges65/66B | €219 | €330 | €2k | ▲ 536% |
| Recurring financial charges65 | €219 | €330 | €2k | ▲ 536% |
| Profit (loss) for the period before taxes9903 | €27k | €41k | €35k | ▼ 14.0% |
| Income taxes67/77 | - | - | €5k | - |
| Profit (loss) for the period9904 | €27k | €41k | €30k | ▼ 27.3% |
| Profit (loss) for the period to be appropriated9905 | €27k | €41k | €30k | ▼ 27.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46k | €84k | €115k | ▲ 36.1% |
| Fixed assets21/28 | €6k | €19k | €27k | ▲ 44.2% |
| Tangible fixed assets22/27 | €6k | €19k | €27k | ▲ 44.2% |
| Furniture and vehicles24 | €6k | €19k | €27k | ▲ 44.2% |
| Current assets29/58 | €40k | €66k | €88k | ▲ 33.8% |
| Amounts receivable within one year40/41 | €36k | €52k | €57k | ▲ 10.7% |
| Trade receivables40 | €36k | €37k | €18k | ▼ 50.6% |
| Other amounts receivable41 | - | €15k | €39k | ▲ 165% |
| Cash at bank and in hand54/58 | €4k | €7k | €22k | ▲ 227% |
| Deferred charges and accrued income490/1 | - | €7k | €8k | ▲ 21.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46k | €84k | €115k | ▲ 36.1% |
| Equity10/15 | €29k | €70k | €100k | ▲ 42.4% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Capital10 | €2k | €2k | €2k | = |
| Issued capital100 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €27k | €68k | €98k | ▲ 43.7% |
| Amounts payable17/49 | €17k | €14k | €15k | ▲ 4.5% |
| Amounts payable within one year42/48 | €17k | €14k | €15k | ▲ 4.5% |
| Trade debts44 | €5k | €6k | €8k | ▲ 35.2% |
| Suppliers440/4 | €5k | €6k | €8k | ▲ 35.2% |
| Taxes, remuneration and social security45 | €11k | €8k | €7k | ▼ 18.7% |
| Taxes450/3 | €11k | €6k | €42 | ▼ 99.3% |
| Remuneration and social security454/9 | €337 | €2k | €6k | ▲ 264% |
| Other amounts payable47/48 | €461 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €41k | €30k | ▼ 27.3% |
| + Depreciation and write-downs630 | €432 | €9k | €7k | ▼ 21.7% |
| Operating cash flow (approximation) | €28k | €50k | €37k | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | €-21k | €-15k | ▲ 29.8% |
| Change in cash | - | €3k | €15k | ▲ 403% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2023net €41k ▲50.6%
Operating result €41k, net result €41k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kraainem · 1 establishment unit since 2023
Ground area
3.7 ha
Building footprint
1,689 m²
Volume, LiDAR
38,339 m³
2 parcels, Flanders, Wallonia · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 establishment unit
MOHAVO
since 20232.347.396.733
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332C0374/00V006 | Wallonia | 2.5 ha | 1 · 824 m² | 6.3 m · 2 fl. |
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,906 companies in sector 53200 we hold annual accounts for 1,322. 1,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
Contact
E-mail
mohamedboukhanfra1@gmail.comFleurus
Phone
0465191114Fleurus
Scores and ratios are computed by Checked and are not a credit decision.