Equity
Equity fell by 93% in 13 years.
Equity fell by 93% in 13 years.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Short-term debts fell from €263,013 to €10,562.
The dashed line is the sector median: 0.1% across 5,695 companies (NACE 01, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 01, micro). It does better than 92% of them on solvency, 98% on liquidity, 17% on profitability and 29% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-06-2025.
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).
In July 2024, 12,322 companies had the same profile as Moonen has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Moonen itself: < 0.1% within 12 months.
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 12,322 companies, not a prediction for Moonen. 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.
Liquidity is ample, with a current ratio of 16.0 (1.62 in 2024), above the usual 1.5. Short-term debt is 6.2% and cash 41.2% of total assets. 6.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Moonen Ravels | €168,990 | -€4,501 | 93.8% | - |
| SELECT Brunehaut | €95,412 | €2,437 | 98.8% | - |
| JESSEM Maasmechelen | €72,036 | -€3,741 | 64.7% | - |
| LE COQ DE LA POTERIE Lessines | €87,840 | €1,807 | 99.9% | - |
| CAROMAT Waimes | €32,721 | €735 | 90.9% | - |
| DAKIP Rijkevorsel | €435,217 | €5,723 | 38.4% | - |
| NIJS AGRO Westerlo | €192,079 | €9,885 | 68.5% | - |
These companies have the same main activity as Moonen: crop and animal production, hunting and related service activities (NACE 01471). They are comparable in size and age: total assets between €32,700 and €435,000, founded between 1968 and 2001.
Solvency rose in 2025 from 38.4% to 93.8% because of lower debts.
In December 2023, the Official Gazette published the appointment of JEMIMO as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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