MOKAPI
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-11-2025 PDF all 9 filings
Turnover
≈ €120,000
Estimated: probably between €90,000 and €150,000
Total assets
€396,061▲ 87.1%
2024 · €211,721
Net result
€29,697▼ 35.4%
2024 · €45,962
Working capital
-€19,659
2024 · €5,185
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€51,408
▼ 23.4%
2025
20192025
Net result
€29,697
▼ 35.4%
2025
middle half of the sector
20192025
Equity
€209,054
▲ 14.3%
2025
middle half of the sector
20192025
Total assets
€396,061
▲ 87.1%
2025
middle half of the sector
20192025
Debt
€187,008
▲ 549%
2025
20192025
Working capital
-€19,659
2025
lowest quarter of the sector
20192025
Solvency
52.8%
▼ 33.6pp
2025
middle half of the sector
20192025
Current ratio
0.46
▼ 0.72
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
7.5%
▼ 14.2pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€16,150-€12,701▼ 21.4%€8,075▼ 36.4%€25,205▲ 212%€59,092▲ 134%€67,070▲ 13.5%€51,408▼ 23.4%
Net result€14,717-€7,005within the sector's middle half▼ 52.4%€1,577below the sector's middle half▼ 77.5%€15,095within the sector's middle half▲ 857%€37,437within the sector's middle half▲ 148%€45,962within the sector's middle half▲ 22.8%€29,697within the sector's middle half▼ 35.4%
Equity€147,411-€154,416within the sector's middle half▲ 4.8%€155,993within the sector's middle half▲ 1.0%€171,088within the sector's middle half▲ 9.7%€156,925within the sector's middle half▼ 8.3%€182,887within the sector's middle half▲ 16.5%€209,054within the sector's middle half▲ 14.3%
Total assets€291,665-€220,574within the sector's middle half▼ 24.4%€187,900within the sector's middle half▼ 14.8%€187,358within the sector's middle half▼ 0.3%€193,120within the sector's middle half▲ 3.1%€211,721within the sector's middle half▲ 9.6%€396,061within the sector's middle half▲ 87.1%
Debt€79,256-€66,158▼ 16.5%€31,907▼ 51.8%€16,271▼ 49.0%€36,196▲ 122%€28,834▼ 20.3%€187,008▲ 549%
Working capital€67,248-€1,188within the sector's middle half▼ 98.2%€11,638within the sector's middle half▲ 880%€13,263within the sector's middle half▲ 14.0%-€1,580below the sector's middle half€5,185within the sector's middle half-€19,659below the sector's middle half
Solvency50.5%-70.0%within the sector's middle half▲ 19.5pp83.0%above the sector's middle half▲ 13.0pp91.3%above the sector's middle half▲ 8.3pp81.3%above the sector's middle half▼ 10.1pp86.4%above the sector's middle half▲ 5.1pp52.8%within the sector's middle half▼ 33.6pp
Current ratio2.87-1.03within the sector's middle half▼ 1.852.01within the sector's middle half▲ 0.981.82within the sector's middle half▼ 0.190.96below the sector's middle half▼ 0.861.18within the sector's middle half▲ 0.220.46below the sector's middle half▼ 0.72
Return on assets (ROA)5.0%-3.2%within the sector's middle half▼ 1.9pp0.8%below the sector's middle half▼ 2.3pp8.1%within the sector's middle half▲ 7.2pp19.4%within the sector's middle half▲ 11.3pp21.7%within the sector's middle half▲ 2.3pp7.5%within the sector's middle half▼ 14.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 23% lower than 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 €396,061
Fixed assets
€379,304 ▲ 113%
Current assets
€16,757 ▼ 50.7%
Equity and liabilities €396,061
Equity
€209,054 ▲ 14.3%
Debt
€187,008 ▲ 549%
Debt's share of the balance-sheet total rises from 13.6% to 47.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,315▼
2024 · €69,151
Cash flow
€35,604▼
2024 · €48,043
Debt to equity
0.89▲
2024 · 0.16
ROE
14.2%▼
2024 · 25.1%
Interest coverage
61.51▼
2024 · over 100
Debt ≤ 1 year
€36,416▲
2024 · €28,834
Debt > 1 year
€150,591
Income taxes
€20,779=
2024 · €20,782
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €680 | €21,277 | €7,510 |
| Financial fixed assets | - | - | - | €200,000 |
| Depreciation and write-downs of the year | €6,913 | - | €2,080 | €5,907 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,443 | €8,844 | €8,874 | €6,913 | - | €2,080 | €5,907 | ▲ 184% |
| Other operating charges640/8 | - | - | - | €1,082 | €3,483 | €3,273 | €1,330 | ▼ 59.3% |
| Gross operating margin9900 | €25,197 | €21,890 | €17,641 | €33,199 | €62,576 | €72,423 | €58,645 | ▼ 19.0% |
| Operating profit (loss)9901 | €16,150 | €12,701 | €8,075 | €25,205 | €59,092 | €67,070 | €51,408 | ▼ 23.4% |
| Financial income75/76B | - | - | - | €161 | - | €58 | - | - |
| Recurring financial income75 | - | - | - | €161 | - | €58 | - | - |
| Financial charges65/66B | - | - | - | €148 | €442 | €385 | €932 | ▲ 142% |
| Recurring financial charges65 | €1,434 | €613 | €469 | €148 | €442 | €385 | €932 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €14,717 | €12,087 | €7,606 | €25,218 | €58,651 | €66,744 | €50,476 | ▼ 24.4% |
| Income taxes67/77 | - | €5,082 | €6,029 | €10,123 | €21,214 | €20,782 | €20,779 | = |
| Profit (loss) for the period9904 | €14,717 | €7,005 | €1,577 | €15,095 | €37,437 | €45,962 | €29,697 | ▼ 35.4% |
| Profit (loss) for the period to be appropriated9905 | €14,717 | €7,005 | €1,577 | €15,095 | €37,437 | €45,962 | €29,697 | ▼ 35.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €291,665 | €220,574 | €187,900 | €187,358 | €193,120 | €211,721 | €396,061 | ▲ 87.1% |
| Fixed assets21/28 | €188,519 | €173,611 | €164,738 | €157,825 | €158,505 | €177,701 | €379,304 | ▲ 113% |
| Tangible fixed assets22/27 | €32,179 | €16,771 | €7,898 | €985 | €1,665 | €20,861 | €22,464 | ▲ 7.7% |
| Plant, machinery and equipment23 | - | - | - | €985 | €1,665 | €20,861 | €22,464 | ▲ 7.7% |
| Financial fixed assets28 | €156,340 | €156,840 | €156,840 | €156,840 | €156,840 | €156,840 | €356,840 | ▲ 128% |
| Current assets29/58 | €103,146 | €46,963 | €23,162 | €29,533 | €34,615 | €34,019 | €16,757 | ▼ 50.7% |
| Amounts receivable within one year40/41 | €92,123 | €20,538 | €10,732 | €10,430 | €7,497 | €8,032 | €9,000 | ▲ 12.1% |
| Trade receivables40 | - | - | - | €10,430 | €7,497 | €8,032 | €9,000 | ▲ 12.1% |
| Cash at bank and in hand54/58 | €11,022 | €26,425 | €12,430 | €19,104 | €24,368 | €25,988 | €7,757 | ▼ 70.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,750 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €291,665 | €220,574 | €187,900 | €187,358 | €193,120 | €211,721 | €396,061 | ▲ 87.1% |
| Equity10/15 | €147,411 | €154,416 | €155,993 | €171,088 | €156,925 | €182,887 | €209,054 | ▲ 14.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €6,200 | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €139,351 | €146,356 | €147,933 | €163,028 | €136,465 | €162,427 | €188,594 | ▲ 16.1% |
| Provisions and deferred taxes16 | €64,998 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €79,256 | €66,158 | €31,907 | €16,271 | €36,196 | €28,834 | €187,008 | ▲ 549% |
| Amounts payable after more than one year17 | €43,359 | €20,383 | €20,383 | - | - | - | €150,591 | - |
| Financial debts170/4 | - | - | - | - | - | - | €150,591 | - |
| Amounts payable within one year42/48 | €35,898 | €45,775 | €11,524 | €16,271 | €36,196 | €28,834 | €36,416 | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,489 | - | - | €22,363 | - |
| Financial debts43 | - | - | - | €6,014 | €4,663 | €4,411 | €4,211 | ▼ 4.5% |
| Credit institutions430/8 | - | - | - | €6,014 | €4,663 | €4,411 | €4,211 | ▼ 4.5% |
| Trade debts44 | €1,556 | €4,908 | €6,180 | €3,473 | €489 | €30 | €211 | ▲ 600% |
| Suppliers440/4 | - | - | - | €3,473 | €489 | €30 | €211 | ▲ 600% |
| Taxes, remuneration and social security45 | - | - | - | €4,296 | €17,043 | €4,393 | €9,101 | ▲ 107% |
| Taxes450/3 | - | - | - | €4,296 | €17,043 | €4,393 | €9,101 | ▲ 107% |
| Other amounts payable47/48 | - | - | - | - | €14,000 | €20,000 | €530 | ▼ 97.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,717 | €7,005 | €1,577 | €15,095 | €37,437 | €45,962 | €29,697 | ▼ 35.4% |
| + Depreciation and write-downs630 | €8,443 | €8,844 | €8,874 | €6,913 | - | €2,080 | €5,907 | ▲ 184% |
| Operating cash flow (approximation) | €23,159 | €15,849 | €10,450 | €22,008 | €37,437 | €48,043 | €35,604 | ▼ 25.9% |
| Investment in fixed assets (approximation) | - | €6,064 | €0 | €0 | -€680 | -€21,277 | -€207,510 | ▼ 875% |
| Change in cash | - | €15,402 | -€13,995 | €6,674 | €5,264 | €1,619 | -€18,231 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 24-11-2025 | 2025-00571942 | |
| 30-06-2024 | micro format | 26-12-2024 | 2024-00625726 | |
| 30-06-2023 | micro format | 05-12-2023 | 2023-00524755 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00016318 | |
| 30-06-2021 | micro format | 26-01-2022 | 2022-02400231 | |
| 30-06-2020 | micro format | 21-01-2021 | 2021-01500191 | |
| 30-06-2019 | micro format | 09-01-2020 | 2020-00700172 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-03000042 | |
| 30-06-2017 | micro format | 08-12-2017 | 2017-71400392 |