MOJO
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497691.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 13 filings
Turnover
≈ €200,000
Estimated: probably between €100,000 and €450,000
Total assets
€75,832▼ 25.2%
2024 · €101,380
Net result
€5,866
2024 · -€17,145
Working capital
-€21,328
2024 · €3,282
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€6,679
2025
20182025
Net result
€5,866
2025
middle half of the sector
20182025
Equity
-€2,661
▲ 68.8%
2025
lowest quarter of the sector
20182025
Total assets
€75,832
▼ 25.2%
2025
middle half of the sector
20182025
Debt
€78,493
▼ 28.6%
2025
20182025
Working capital
-€21,328
2025
middle half of the sector
20182025
Solvency
-3.5%
▲ 4.9pp
2025
lowest quarter of the sector
20182025
Current ratio
0.73
▼ 0.32
2025
middle half of the sector
20182025
Return on assets (ROA)
7.7%
▲ 24.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€24,649--€4,025▲ 83.7%-€36,029▼ 795%-€32,417▲ 10.0%€124,697€995▼ 99.2%-€16,065€6,679
Net result-€33,579--€20,941▲ 37.6%-€49,040below the sector's middle half▼ 134%-€37,866below the sector's middle half▲ 22.8%€114,061above the sector's middle half€760within the sector's middle half▼ 99.3%-€17,145below the sector's middle half€5,866within the sector's middle half
Equity€1,692--€19,250-€68,289below the sector's middle half▼ 255%-€106,155below the sector's middle half▼ 55.4%€7,905within the sector's middle half€8,665within the sector's middle half▲ 9.6%-€8,528below the sector's middle half-€2,661below the sector's middle half▲ 68.8%
Total assets€825,758-€791,382▼ 4.2%€373,837above the sector's middle half▼ 52.8%€336,619above the sector's middle half▼ 10.0%€219,724within the sector's middle half▼ 34.7%€75,607within the sector's middle half▼ 65.6%€101,380within the sector's middle half▲ 34.1%€75,832within the sector's middle half▼ 25.2%
Debt€824,066-€810,632▼ 1.6%€442,126▼ 45.5%€442,774▲ 0.1%€211,819▼ 52.2%€66,941▼ 68.4%€109,907▲ 64.2%€78,493▼ 28.6%
Working capital-€409,997--€420,010▼ 2.4%-€76,078below the sector's middle half▲ 81.9%-€128,744below the sector's middle half▼ 69.2%€7,249within the sector's middle half€16,537within the sector's middle half▲ 128%€3,282within the sector's middle half▼ 80.2%-€21,328within the sector's middle half
Solvency0.2%--2.4%▼ 2.6pp-18.3%below the sector's middle half▼ 15.8pp-31.5%below the sector's middle half▼ 13.3pp3.6%within the sector's middle half▲ 35.1pp11.5%within the sector's middle half▲ 7.9pp-8.4%below the sector's middle half▼ 19.9pp-3.5%below the sector's middle half▲ 4.9pp
Current ratio0.12-0.11=0.37below the sector's middle half▲ 0.260.13below the sector's middle half▼ 0.251.04within the sector's middle half▲ 0.911.61within the sector's middle half▲ 0.571.05within the sector's middle half▼ 0.570.73within the sector's middle half▼ 0.32
Return on assets (ROA)-4.1%--2.6%▲ 1.4pp-13.1%below the sector's middle half▼ 10.5pp-11.2%below the sector's middle half▲ 1.9pp51.9%above the sector's middle half▲ 63.2pp1.0%within the sector's middle half▼ 50.9pp-16.9%below the sector's middle half▼ 17.9pp7.7%within the sector's middle half▲ 24.6pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €6,679, after a loss of €16,065 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,832
Fixed assets
€18,667 ▼ 33.8%
Current assets
€57,165 ▼ 21.9%
Equity and liabilities
Equity-€2,661
Debt€78,493
Equity is negative. Debt (€78,493) exceeds the balance-sheet total (€75,832).
Key figures and ratios
EBITDA
€16,203▲
2024 · -€5,127
Cash flow
€15,390▲
2024 · -€6,207
Quick ratio
0.58▼
2024 · 0.87
Interest coverage
19.22▲
2024 · -4.18
Debt ≤ 1 year
€78,493▲
2024 · €69,907
Debt > 1 year
€0▼
2024 · €40,000
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €327,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €259,907 | - | - | - | - |
| Pledge on the business | €25,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,396 | €8,489 | €1,687 | €7,000 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €35,309 | €11,789 | €10,215 | €10,938 | €9,524 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €141,104 | €0 | €331 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,870 | €33,371 | €34,214 | €35,309 | €11,789 | €10,215 | €10,938 | €9,524 | ▼ 12.9% |
| Other operating charges640/8 | - | - | - | €4,002 | €3,884 | €3,955 | €1,197 | €3,962 | ▲ 231% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €25,466 | €35,313 | €11,112 | €6,894 | €140,370 | €15,165 | -€3,930 | €20,166 | - |
| Operating profit (loss)9901 | -€24,649 | -€4,025 | -€36,029 | -€32,417 | €124,697 | €995 | -€16,065 | €6,679 | - |
| Financial income75/76B | - | - | - | €0 | €2,246 | €326 | €145 | €30 | ▼ 79.3% |
| Recurring financial income75 | €0 | - | - | €0 | €243 | €326 | €145 | €30 | ▼ 79.3% |
| Non-recurring financial income76B | - | - | - | - | €2,003 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €5,255 | €12,728 | €331 | €1,225 | €843 | ▼ 31.2% |
| Recurring financial charges65 | €8,850 | €16,717 | €12,833 | €5,255 | €12,728 | €331 | €1,225 | €843 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | -€33,498 | -€20,743 | -€48,862 | -€37,673 | €114,215 | €990 | -€17,145 | €5,866 | - |
| Income taxes67/77 | €81 | €199 | €178 | €193 | €154 | €230 | €0 | - | - |
| Profit (loss) for the period9904 | -€33,579 | -€20,941 | -€49,040 | -€37,866 | €114,061 | €760 | -€17,145 | €5,866 | - |
| Profit (loss) for the period to be appropriated9905 | -€33,579 | -€20,941 | -€49,040 | -€37,866 | €114,061 | €760 | -€17,145 | €5,866 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €825,758 | €791,382 | €373,837 | €336,619 | €219,724 | €75,607 | €101,380 | €75,832 | ▼ 25.2% |
| Fixed assets21/28 | €771,061 | €737,780 | €328,201 | €317,542 | €40,656 | €32,129 | €28,191 | €18,667 | ▼ 33.8% |
| Tangible fixed assets22/27 | €766,593 | €733,222 | €323,643 | €312,984 | €36,098 | €27,571 | €23,633 | €14,109 | ▼ 40.3% |
| Land and buildings22 | - | - | - | €259,907 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,484 | €956 | €601 | €337 | €108 | ▼ 68.0% |
| Furniture and vehicles24 | - | - | - | €8,471 | €2,058 | €2,058 | €6,555 | €3,659 | ▼ 44.2% |
| Other tangible fixed assets26 | - | - | - | €43,122 | €33,084 | €24,912 | €16,741 | €10,342 | ▼ 38.2% |
| Financial fixed assets28 | €4,468 | €4,558 | €4,558 | €4,558 | €4,558 | €4,558 | €4,558 | €4,558 | = |
| Current assets29/58 | €54,698 | €53,602 | €45,636 | €19,077 | €179,068 | €43,478 | €73,189 | €57,165 | ▼ 21.9% |
| Stocks and contracts in progress3 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | €11,969 | €12,250 | €11,707 | ▼ 4.4% |
| Stocks30/36 | - | - | - | €7,500 | €7,500 | €11,969 | €12,250 | €11,707 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €28,041 | €34,915 | €31,778 | €7,837 | €9,368 | €5,458 | €25,052 | €23,566 | ▼ 5.9% |
| Trade receivables40 | - | - | - | €5,174 | €5,552 | €483 | €3,354 | €16,340 | ▲ 387% |
| Other amounts receivable41 | - | - | - | €2,663 | €3,816 | €4,975 | €21,699 | €7,226 | ▼ 66.7% |
| Cash at bank and in hand54/58 | €15,580 | €8,239 | €5,155 | €2,427 | €161,012 | €24,939 | €35,614 | €20,853 | ▼ 41.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,312 | €1,189 | €1,112 | €273 | €1,040 | ▲ 281% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €825,758 | €791,382 | €373,837 | €336,619 | €219,724 | €75,607 | €101,380 | €75,832 | ▼ 25.2% |
| Equity10/15 | €1,692 | -€19,250 | -€68,289 | -€106,155 | €7,905 | €8,665 | -€8,528 | -€2,661 | ▲ 68.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,360 | €16,360 | €16,360 | €16,360 | €16,360 | €16,360 | €0 | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €14,500 | €14,500 | €16,360 | €0 | - | - |
| Profit (loss) carried forward14 | -€33,268 | -€54,210 | -€103,249 | -€141,115 | -€27,055 | -€26,295 | -€27,128 | -€21,261 | ▲ 21.6% |
| Amounts payable17/49 | €824,066 | €810,632 | €442,126 | €442,774 | €211,819 | €66,941 | €109,907 | €78,493 | ▼ 28.6% |
| Amounts payable after more than one year17 | €359,372 | €333,519 | €320,413 | €294,953 | €40,000 | €40,000 | €40,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €294,953 | €40,000 | €40,000 | €40,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €464,694 | €473,613 | €121,713 | €147,821 | €171,819 | €26,941 | €69,907 | €78,493 | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,460 | €0 | - | - | - | - |
| Trade debts44 | €10,966 | €9,931 | €495 | €10,076 | €13,830 | €16,239 | €16,363 | €3,840 | ▼ 76.5% |
| Suppliers440/4 | - | - | - | €10,076 | €13,830 | €16,239 | €16,363 | €3,840 | ▼ 76.5% |
| Taxes, remuneration and social security45 | - | - | - | €7,547 | €12,569 | €4,931 | €21,129 | €21,927 | ▲ 3.8% |
| Taxes450/3 | - | - | - | €7,547 | €12,569 | €4,931 | €21,129 | €21,927 | ▲ 3.8% |
| Other amounts payable47/48 | - | - | - | €104,738 | €145,420 | €5,772 | €32,416 | €52,726 | ▲ 62.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,579 | -€20,941 | -€49,040 | -€37,866 | €114,061 | €760 | -€17,145 | €5,866 | - |
| + Depreciation and write-downs630 | €46,870 | €33,371 | €34,214 | €35,309 | €11,789 | €10,215 | €10,938 | €9,524 | ▼ 12.9% |
| Operating cash flow (approximation) | €13,290 | €12,429 | -€14,826 | -€2,557 | €125,850 | €10,975 | -€6,207 | €15,390 | - |
| Investment in fixed assets (approximation) | - | -€90 | €375,365 | -€24,649 | €265,097 | -€1,687 | -€7,000 | €0 | - |
| Change in cash | - | -€7,341 | -€3,084 | -€2,728 | €158,585 | -€136,073 | €10,675 | -€14,761 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,632 companies had the same profile as MOJO has now. Two years later, 91.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
91.8%
was still going
4.8%
stopped otherwise
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MOJO itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,632 companies, not a prediction for MOJO. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00497691 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00449728 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00453811 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00431488 | |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20304605 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57400311 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48100248 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58600418 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-56900089 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48800346 |