Equity
€15.9m ▲ 17.2%
MOL CY paid out €500,000 in dividends. That is 18% of the 2025 profit.
MOL CY
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1985peak €81.2m (2025)
€81.2m▲ 12.2%
lowest -€1.1m (2023)
€2.8m▲ 53.7%
peak €15.9m (2025)
€15.9m▲ 17.2%
€25.5m▼ 39.5%
peak 306 FTE (2019)
299.8 FTE▲ 4.0%
Board6 names since 2016
1 directorM.M. INVEST
Owners4 names in the annual accounts
81.85%FORTINUM
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Turnover from €72.4m to €81.2mResult from €1.8m to €2.8mDividend €500,000Equity from €13.6m to €15.9mDebts from €42.2m to €25.5mCash from €80,770 to €261,607
Key points
from the 2025 annual accountsResult
€2.8m ▲ 53.7%
The result rose in 2025: merger with A.B.T. Cy.
Staff
330 employees on 31-12-2025
In 2025, 56 people joined and 33 left. On top of that, 26.8 agency workers worked there on average.
Payment terms
60 days to suppliers
MOL CY pays its suppliers 50 days earlier than in 2024. Customers pay 48 days earlier.
Filings
41 annual accounts 42 filings since 1985
The 2019 accounts came 21 days late. The other nine of the last ten were filed on time.
Position in the sector
€2.8m
Higher net result than 84% of companies in motor vehicles. Sector median €180,808 · 96 companies.
Checked score
91
Excellent
Financially stronger than 57% of companies in motor vehicles (NACE 29)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 14 companies (NACE 29, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.3%▼ -0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026highest value
08-2026: 0.2%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.55, cash €261,607
lowers risk
Founded in 1984
Legal form: public limited company
Profit of €2.8m (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 29). It does better than 50% of them on solvency, 25% on liquidity, 68% on profitability and 84% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 321 companies had the same profile as MOL CY has now. Each dot is one company, two years later.
97.5%
were still trading
2.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of MOL CY itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 321 companies, not a prediction for MOL CY. 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.
Credit verdict
Credit of up to €1,400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.55 (1.27 in 2024), above the usual 1.5. Short-term debt is 53.1% and cash 0.6% of total assets. However, 63.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 days early
2024
15 days early
2023
15 days early
2022
26 days early
2021
27 days early
2020
19 days early
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 3 companies, including INDUSTRIELE TOELEVERING KACHTEM and VDK NEDERLAND
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426586303
Reappointment: VRC Bedrijfsrevisoren (statutory auditor)
General meeting of 28-06-2024 · Gazette deed
Merger: MOL CY takes over A.B.T. Cy
Resignations: FORTINUM, ALEXANDER DESPLENTERE and BC.M. · Permanent representatives: Lieven Neuville, Alexander Desplentere and Bram Callewaert · Gazette deed
Purpose change · Amendment of the articles
“1. a) De constructie, de in- en uitvoer, de aan- en verkoop, de klein- en groothandel van en…” (deed in Dutch) · General meeting of 20-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MOL CY Staden | €81.2m | 4.1% | 36.7% | 299.8 |
| VDL Bus Roeselare Roeselare | €121.0m | 5.4% | 21.3% | 384.7 |
| BENTELER AUTOMOTIVE BELGIUM Ghent | €74.1m | 1.0% | 48.6% | 48.4 |
| ISUZU MOTORS EUROPE Aartselaar | €66.0m | 20.0% | 65.8% | 47.7 |
| Snop Automotive Gent Ghent | €9.9m | - | -6.7% | 118.3 |
| ALUMAC CONSTRUCT Kortrijk | €30.8m | 12.4% | 38.2% | 37.2 |
| VANASSCHE Firefighting Engineering Harelbeke | €18.7m | 3.6% | 66.4% | 37.6 |
Grey: the largest companies of the sector (motor vehicles (NACE 29)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MOL CY: manufacture of motor vehicles (NACE 29100). They are comparable in size and age: total assets between €13m and €127m, founded between 1975 and 2009.
Official details
Source: KBO- Status
- Active since 21-12-1984Normal situation
- Activity
- Manufacture of motor vehiclesNACE 29100and 6 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.026.154.8068840 Staden, since 01-01-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2026
Annual accounts 2025
- €43.4m▼ 25.0%
- Employeeson 31-12-2025
- 330▲ 6.5%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on MOL CY
MOL CY has existed since 1984. Turnover grew from €46.2m in 2006 to €81.2m in 2025.
Turnover has grown every year since 2021. Solvency rose in 2025 from 23.5% to 36.7% because of the retained profit and lower debts.
FORTINUM holds 81.85% of the shares. In February 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MOL CY
- What is the company number of MOL CY?
- The company number of MOL CY is 0426.586.303. The VAT number is the same number with BE in front: BE 0426.586.303.
- Where is MOL CY based?
- The registered office is at Diksmuidesteenweg 68, 8840 Staden.Company details
- What does MOL CY do?
- According to the KBO register, the main activity is manufacture of motor vehicles (NACE 29100).
- What is the legal form of MOL CY?
- MOL CY is a public limited company (NV).
- When was MOL CY founded?
- MOL CY was founded on 21-12-1984.
- Is MOL CY still active?
- Yes, MOL CY is an active enterprise in the KBO register.
- How many employees does MOL CY have?
- MOL CY had an average of 299.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MOL CY fall under?
- In its 2025 annual accounts, MOL CY states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of MOL CY?
- The turnover of MOL CY was €81.2m in financial year 2025, according to the filed annual accounts.
- Is MOL CY profitable?
- In financial year 2025, MOL CY made a profit of €2.8m.
- Where can I find the annual accounts of MOL CY?
- MOL CY filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MOL CY due?
- MOL CY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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