MOLENHEIDE
ActiveSummary
MOLENHEIDE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.77M and a net result of €415k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+29
Solvency97▲+26
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 12.27 in 2024; short-term debt: 27.5% and cash: 35.9% of total assets), and 27.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
72.5%
Return on assets
17%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
50 d early
2023
40 d early
2022
15 d early
2021
38 d early
2020
38 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.77M▲ 30.6%
2024 · €1.36M
2019: €961klowest in 7 years
2020: €1.03M▲ +7.0% vs 2019
2021: €1.06M▲ +3.3% vs 2020
2022: €1.18M▲ +11.1% vs 2021
2023: €1.30M▲ +10.0% vs 2022
2024: €1.36M▲ +4.5% vs 2023
2025: €1.77M▲ +30.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€2.44M▼ 17.0%
2024 · €2.95M
2019: €1.42Mlowest in 7 years
2020: €1.53M▲ +8.1% vs 2019
2021: €1.60M▲ +4.4% vs 2020
2022: €1.78M▲ +11.2% vs 2021
2023: €1.86M▲ +4.8% vs 2022
2024: €2.95M▲ +58.0% vs 2023highest in 7 years
2025: €2.44M▼ -17.0% vs 2024
2019 → 2025
Net result
€415k▲ 616%
2024 · €58k
2019: €69k
2020: €67k▼ -2.4% vs 2019
2021: €34k▼ -50.0% vs 2020lowest in 7 years
2022: €118k▲ +250% vs 2021
2023: €118k▲ +0.1% vs 2022
2024: €58k▼ -51.0% vs 2023
2025: €415k▲ +616% vs 2024highest in 7 years
2019 → 2025
Working capital
€217k▼ 72.3%
2024 · €783k
2019: €472k
2020: €514k▲ +9.0% vs 2019
2021: €122k▼ -76.4% vs 2020lowest in 7 years
2022: €265k▲ +118% vs 2021
2023: €433k▲ +63.2% vs 2022
2024: €783k▲ +80.8% vs 2023highest in 7 years
2025: €217k▼ -72.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€1.18M▲ 11.1%€1.30M▲ 10.0%€1.36M▲ 4.5%€1.77M▲ 30.6%
2021: €1.06Mlowest in 5 years
2022: €1.18M▲ +11.1% vs 2021
2023: €1.30M▲ +10.0% vs 2022
2024: €1.36M▲ +4.5% vs 2023
2025: €1.77M▲ +30.6% vs 2024highest in 5 years
Operating result€65k-€126k▲ 93.2%€166k▲ 31.5%€103k▼ 37.8%€693k▲ 571%
2021: €65klowest in 5 years
2022: €126k▲ +93.2% vs 2021
2023: €166k▲ +31.5% vs 2022
2024: €103k▼ -37.8% vs 2023
2025: €693k▲ +571% vs 2024highest in 5 years
Net result€34k-€118k▲ 250%€118k▲ 0.1%€58k▼ 51.0%€415k▲ 616%
2021: €34klowest in 5 years
2022: €118k▲ +250% vs 2021
2023: €118k▲ +0.1% vs 2022
2024: €58k▼ -51.0% vs 2023
2025: €415k▲ +616% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 571% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.44M
Fixed assets
€1.55M ▼ 25.8%
Current assets
€891k ▲ 4.4%
Equity and liabilities €2.44M
Equity
€1.77M ▲ 30.6%
Debt
€673k ▼ 57.6%
Debt's share of the balance-sheet total falls from 54.0% to 27.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€732k▲
2024 · €146k
Cash flow
€455k▲
2024 · €101k
Current ratio
1.32▼
2024 · 12.27
Debt to equity
0.38▼
2024 · 1.17
ROE
23.4%▲
2024 · 4.3%
ROA
17.0%▲
2024 · 2.0%
Interest coverage
5.37▲
2024 · 4.19
Debt ≤ 1 year
€673k▲
2024 · €70k
Income taxes
€144k▲
2024 · €19k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.95M€2.44M▼
Fixed assets21/28€2.09M€1.55M▼
Tangible fixed assets22/27€2.09M€1.55M▼
Land and buildings22€2.09M€1.55M▼
Current assets29/58€853k€891k▲
Stocks and contracts in progress3€652k-
Stocks30/36€652k-
Amounts receivable within one year40/41€53k€13k▼
Trade receivables40€10k€13k▲
Other amounts receivable41€43k-
Cash at bank and in hand54/58€147k€877k▲
Equity and liabilities
Total equity and liabilities10/49€2.95M€2.44M▼
Equity10/15€1.36M€1.77M▲
Contributions10/11€66k€66k=
Capital10€66k€66k=
Issued capital100€66k€66k=
Reserves13€1.29M€1.71M▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€1.28M€1.70M▲
Amounts payable17/49€1.59M€673k▼
Amounts payable after more than one year17€1.52M-
Other amounts payable178/9€1.52M-
Amounts payable within one year42/48€70k€673k▲
Trade debts44€33k€2k▼
Suppliers440/4€33k€2k▼
Taxes, remuneration and social security45€9k€527k▲
Taxes450/3€9k€527k▲
Other amounts payable47/48€28k€144k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€40k▼
Other operating charges640/8€23k€24k▲
Gross operating margin9900€169k€756k▲
Operating profit (loss)9901€103k€693k▲
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€35k€136k▲
Recurring financial charges65€35k€136k▲
Profit (loss) for the period before taxes9903€77k€559k▲
Income taxes67/77€19k€144k▲
Profit (loss) for the period9904€58k€415k▲
Profit (loss) for the period to be appropriated9905€58k€415k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€415k▲
Transfer to equity691/2€58k€415k▲
To other reserves6921€58k€415k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €112k | €48k | €50k | €43k | €40k | ▼ 8.3% |
| Other operating charges640/8 | - | €20k | €21k | €23k | €24k | ▲ 3.3% |
| Gross operating margin9900 | €197k | €194k | €236k | €169k | €756k | ▲ 347% |
| Operating profit (loss)9901 | €65k | €126k | €166k | €103k | €693k | ▲ 571% |
| Financial income75/76B | - | €6k | €912 | €9k | €3k | ▼ 65.3% |
| Recurring financial income75 | €83 | €6k | €912 | €9k | €3k | ▼ 65.3% |
| Non-recurring financial income76B | - | €6k | - | - | - | - |
| Financial charges65/66B | - | €21k | €24k | €35k | €136k | ▲ 290% |
| Recurring financial charges65 | €20k | €21k | €24k | €35k | €136k | ▲ 290% |
| Profit (loss) for the period before taxes9903 | €45k | €112k | €142k | €77k | €559k | ▲ 627% |
| Income taxes67/77 | €11k | €-6k | €24k | €19k | €144k | ▲ 659% |
| Profit (loss) for the period9904 | €34k | €118k | €118k | €58k | €415k | ▲ 616% |
| Profit (loss) for the period to be appropriated9905 | €34k | €118k | €118k | €58k | €415k | ▲ 616% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.60M | €1.78M | €1.86M | €2.95M | €2.44M | ▼ 17.0% |
| Fixed assets21/28 | €1.45M | €1.43M | €1.38M | €2.09M | €1.55M | ▼ 25.8% |
| Tangible fixed assets22/27 | €1.45M | €1.43M | €1.38M | €2.09M | €1.55M | ▼ 25.8% |
| Land and buildings22 | - | €1.43M | €1.38M | €2.09M | €1.55M | ▼ 25.8% |
| Current assets29/58 | €149k | €353k | €488k | €853k | €891k | ▲ 4.4% |
| Stocks and contracts in progress3 | - | - | - | €652k | - | - |
| Stocks30/36 | - | - | - | €652k | - | - |
| Amounts receivable within one year40/41 | €67k | €14k | €34k | €53k | €13k | ▼ 74.8% |
| Trade receivables40 | - | €14k | €24k | €10k | €13k | ▲ 35.0% |
| Other amounts receivable41 | - | - | €9k | €43k | - | - |
| Cash at bank and in hand54/58 | €82k | €339k | €454k | €147k | €877k | ▲ 495% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.60M | €1.78M | €1.86M | €2.95M | €2.44M | ▼ 17.0% |
| Equity10/15 | €1.06M | €1.18M | €1.30M | €1.36M | €1.77M | ▲ 30.6% |
| Contributions10/11 | €66k | €66k | €66k | €66k | €66k | = |
| Capital10 | - | €66k | €66k | €66k | €66k | = |
| Issued capital100 | - | €66k | €66k | €66k | €66k | = |
| Reserves13 | €997k | €1.11M | €1.23M | €1.29M | €1.71M | ▲ 32.1% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €1.11M | €1.23M | €1.28M | €1.70M | ▲ 32.3% |
| Amounts payable17/49 | €538k | €599k | €565k | €1.59M | €673k | ▼ 57.6% |
| Amounts payable after more than one year17 | €511k | €511k | €511k | €1.52M | - | - |
| Other amounts payable178/9 | - | €511k | €511k | €1.52M | - | - |
| Amounts payable within one year42/48 | €27k | €88k | €55k | €70k | €673k | ▲ 868% |
| Trade debts44 | - | €3k | €1k | €33k | €2k | ▼ 92.9% |
| Suppliers440/4 | - | €3k | €1k | €33k | €2k | ▼ 92.9% |
| Taxes, remuneration and social security45 | - | €57k | €25k | €9k | €527k | ▲ 5,904% |
| Taxes450/3 | - | €57k | €25k | €9k | €527k | ▲ 5,904% |
| Other amounts payable47/48 | - | €29k | €29k | €28k | €144k | ▲ 418% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €118k | €118k | €58k | €415k | ▲ 616% |
| + Depreciation and write-downs630 | €112k | €48k | €50k | €43k | €40k | ▼ 8.3% |
| Operating cash flow (approximation) | €145k | €167k | €168k | €101k | €455k | ▲ 349% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €-760k | €499k | ▲ 166% |
| Change in cash | - | €258k | €115k | €-307k | €730k | ▲ 338% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €415k ▲616%
Operating result €693k, net result €415k, both a record.
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 8.94
Current ratio from 4.02 to 8.94; short-term debt falls from €88k to €55k.
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €34k ▼50%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €1MEq €1.03M ▲7%
2 profitable years in a row build equity to €1.03M.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Merksplas · 1 establishment unit since 1999
Ground area
1.5 ha
Building footprint
1,531 m²
Volume, LiDAR
10,389 m³
Parcel 13023G0170/00A006, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Industrieweg 11, 2330 Merksplas
since 19992.071.557.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023G0170/00A006 | Flanders | 1.5 ha | 1 · 1,531 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 8,454 companies in sector 43120 we hold annual accounts for 3,231. 1,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-03-1995
Fiscal year end30-06
Activities, NACEBEL 2025
43120Site preparation
38210Materials recovery from waste
42130Civil engineering
42919Civil engineering
43240Other construction installation
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.