Moon
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 1 day after the deadline Filed on 1 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00025101.
Annual accounts 2025 filed on 01-02-2026 PDF all 6 filings
Turnover
€87,648
EBIT margin
27.8%
Net result
€20,945
2024 · -€59,588
Working capital
-€55,056▼ 7.2%
2024 · -€51,381
Multi-year overview
2020 to 2025, 6 financial yearsTurnover
no figure
2025
20202025
Operating result
€36,960
2025
20202025
Net result
€20,945
2025
highest quarter of the sector
20202025
EBIT margin
no figure
2025
20202025
Equity
-€4,072
▲ 83.7%
2025
middle half of the sector
20202025
Total assets
€422,223
▼ 5.3%
2025
middle half of the sector
20202025
Debt
€426,296
▼ 9.5%
2025
20202025
Working capital
-€55,056
▼ 7.2%
2025
middle half of the sector
20202025
Solvency
-1.0%
▲ 4.6pp
2025
middle half of the sector
20202025
Current ratio
0.11
▼ 0.08
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
5.0%
▲ 18.3pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€87,648
Operating result-€11,281--€2,211▲ 80.4%€24,324€41,411▲ 70.2%-€50,063€36,960
Net result-€19,638within the sector's middle half--€8,389within the sector's middle half▲ 57.3%€11,227within the sector's middle half€31,370above the sector's middle half▲ 179%-€59,588below the sector's middle half€20,945above the sector's middle half
EBIT margin27.8%
Equity€362within the sector's middle half--€8,027within the sector's middle half€3,200within the sector's middle half€34,570within the sector's middle half▲ 980%-€25,018below the sector's middle half-€4,072within the sector's middle half▲ 83.7%
Total assets€377,375within the sector's middle half-€362,790within the sector's middle half▼ 3.9%€347,540within the sector's middle half▼ 4.2%€347,259within the sector's middle half▼ 0.1%€445,815within the sector's middle half▲ 28.4%€422,223within the sector's middle half▼ 5.3%
Debt€377,013-€370,817▼ 1.6%€344,340▼ 7.1%€312,688▼ 9.2%€470,833▲ 50.6%€426,296▼ 9.5%
Working capital-€18,484within the sector's middle half--€10,605within the sector's middle half▲ 42.6%-€11,288within the sector's middle half▼ 6.4%-€15,009within the sector's middle half▼ 33.0%-€51,381within the sector's middle half▼ 242%-€55,056within the sector's middle half▼ 7.2%
Solvency0.1%within the sector's middle half--2.2%within the sector's middle half▼ 2.3pp0.9%within the sector's middle half▲ 3.1pp10.0%within the sector's middle half▲ 9.0pp-5.6%within the sector's middle half▼ 15.6pp-1.0%within the sector's middle half▲ 4.6pp
Current ratio0.50within the sector's middle half-0.73within the sector's middle half▲ 0.230.71within the sector's middle half▼ 0.010.64within the sector's middle half▼ 0.070.19within the sector's middle half▼ 0.450.11below the sector's middle half▼ 0.08
Return on assets (ROA)-5.2%within the sector's middle half--2.3%within the sector's middle half▲ 2.9pp3.2%within the sector's middle half▲ 5.5pp9.0%above the sector's middle half▲ 5.8pp-13.4%below the sector's middle half▼ 22.4pp5.0%within the sector's middle half▲ 18.3pp
above
within
below
The sector band is the middle half of the companies in Accommodation (NACE 55). 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 €36,960, after a loss of €50,063 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422,223
Fixed assets
€415,202 ▼ 4.3%
Current assets
€7,021 ▼ 41.7%
Equity and liabilities
Equity-€4,072
Debt€426,296
Equity is negative. Debt (€426,296) exceeds the balance-sheet total (€422,223).
Key figures and ratios
EBITDA
€55,524▲
2024 · €46,492
Cash flow
€39,508▲
2024 · €36,966
Quick ratio
0.11▼
2024 · 0.18
Interest coverage
3.47▼
2024 · 4.88
Debt ≤ 1 year
€62,077▼
2024 · €63,431
Debt > 1 year
€364,218▼
2024 · €406,629
A ratio outside any meaningful range has been withheld (balance sheet total €422,223, equity -€4,072).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | - |
| Carrying value of the mortgaged assets | €281,205 | €290,374 | €290,374 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €17,126 | €209,425 | - |
| Depreciation and write-downs of the year | €15,000 | €15,957 | €96,554 | €18,563 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €87,648 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €48,836 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,822 | €24,452 | €15,000 | €15,957 | €96,554 | €18,563 | ▼ 80.8% |
| Other operating charges640/8 | - | - | €1,604 | €2,817 | €2,272 | €3,309 | ▲ 45.7% |
| Gross operating margin9900 | €21,845 | €23,461 | €40,929 | €60,185 | €48,763 | €58,833 | ▲ 20.7% |
| Operating profit (loss)9901 | -€11,281 | -€2,211 | €24,324 | €41,411 | -€50,063 | €36,960 | - |
| Financial income75/76B | - | - | €0 | - | - | €0 | - |
| Recurring financial income75 | €11 | €0 | €0 | - | - | €0 | - |
| Financial charges65/66B | - | - | €13,097 | €10,040 | €9,525 | €16,015 | ▲ 68.1% |
| Recurring financial charges65 | €8,368 | €6,178 | €13,097 | €10,040 | €9,525 | €16,015 | ▲ 68.1% |
| Profit (loss) for the period before taxes9903 | -€19,638 | -€8,389 | €11,227 | €31,370 | -€59,588 | €20,945 | - |
| Profit (loss) for the period9904 | -€19,638 | -€8,389 | €11,227 | €31,370 | -€59,588 | €20,945 | - |
| Profit (loss) for the period to be appropriated9905 | -€19,638 | -€8,389 | €11,227 | €31,370 | -€59,588 | €20,945 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €377,375 | €362,790 | €347,540 | €347,259 | €445,815 | €422,223 | ▼ 5.3% |
| Fixed assets21/28 | €359,178 | €334,726 | €319,726 | €320,895 | €433,765 | €415,202 | ▼ 4.3% |
| Intangible fixed assets21 | €37,260 | €33,260 | €29,260 | €25,260 | €21,260 | €17,260 | ▼ 18.8% |
| Tangible fixed assets22/27 | €321,918 | €301,466 | €290,466 | €295,635 | €412,505 | €397,942 | ▼ 3.5% |
| Land and buildings22 | - | - | €281,205 | €290,374 | €411,245 | €397,942 | ▼ 3.2% |
| Furniture and vehicles24 | - | - | €9,260 | €5,260 | €1,260 | €0 | ▼ 100% |
| Current assets29/58 | €18,197 | €28,064 | €27,814 | €26,364 | €12,050 | €7,021 | ▼ 41.7% |
| Stocks and contracts in progress3 | €461 | €395 | €260 | €549 | €423 | €300 | ▼ 29.0% |
| Stocks30/36 | - | - | €260 | €549 | €423 | €300 | ▼ 29.0% |
| Amounts receivable within one year40/41 | €1,840 | €144 | €2 | €5 | €1,606 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €2 | €5 | €1,606 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €15,214 | €27,143 | €24,199 | €24,578 | €9,706 | €6,187 | ▼ 36.3% |
| Deferred charges and accrued income490/1 | - | - | €3,353 | €1,232 | €316 | €534 | ▲ 69.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €377,375 | €362,790 | €347,540 | €347,259 | €445,815 | €422,223 | ▼ 5.3% |
| Equity10/15 | €362 | -€8,027 | €3,200 | €34,570 | -€25,018 | -€4,072 | ▲ 83.7% |
| Contributions10/11 | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€19,638 | -€28,027 | -€16,800 | €14,570 | -€45,018 | -€24,072 | ▲ 46.5% |
| Amounts payable17/49 | €377,013 | €370,817 | €344,340 | €312,688 | €470,833 | €426,296 | ▼ 9.5% |
| Amounts payable after more than one year17 | €340,332 | €332,135 | €305,225 | €270,979 | €406,629 | €364,218 | ▼ 10.4% |
| Financial debts170/4 | - | - | €305,225 | €270,979 | €406,629 | €364,218 | ▼ 10.4% |
| Amounts payable within one year42/48 | €36,682 | €38,669 | €39,102 | €41,372 | €63,431 | €62,077 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | €32,735 | €32,942 | €42,928 | €42,153 | ▼ 1.8% |
| Financial debts43 | - | - | - | €2,293 | - | - | - |
| Credit institutions430/8 | - | - | - | €2,293 | - | - | - |
| Trade debts44 | €1,284 | €1,631 | €3,382 | €3,249 | €4,323 | €4,597 | ▲ 6.4% |
| Suppliers440/4 | - | - | €3,382 | €3,249 | €4,323 | €4,597 | ▲ 6.4% |
| Taxes, remuneration and social security45 | - | - | €964 | €932 | €1,093 | €405 | ▼ 62.9% |
| Taxes450/3 | - | - | €964 | €932 | €1,093 | €405 | ▼ 62.9% |
| Other amounts payable47/48 | - | - | €2,022 | €1,956 | €15,088 | €14,922 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | €13 | €337 | €772 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,638 | -€8,389 | €11,227 | €31,370 | -€59,588 | €20,945 | - |
| + Depreciation and write-downs630 | €30,822 | €24,452 | €15,000 | €15,957 | €96,554 | €18,563 | ▼ 80.8% |
| Operating cash flow (approximation) | €11,184 | €16,063 | €26,227 | €47,327 | €36,966 | €39,508 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€17,126 | -€209,425 | €0 | - |
| Change in cash | - | €11,929 | -€2,944 | €379 | -€14,872 | -€3,518 | ▲ 76.3% |
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, 906 companies had the same profile as Moon has now. Two years later, 89.4% were still going and 6.1% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
89.4%
was still going
4.1%
stopped otherwise
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Moon itself is lower: 0.8% within 12 months. It rests on far more data about Moon than the profile alone.
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 906 companies, not a prediction for Moon. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 01-02-2026 | 2026-00025101 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00020329 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00017517 | |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00032755 | |
| 30-06-2021 | micro format | 28-02-2022 | 2022-06900100 | |
| 30-06-2020 | micro format | 28-02-2021 | 2021-06500261 |