MOONWAVE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 61% 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.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €1,430 |
| Depreciation and write-downs of the year | - | €341 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €341 | - |
| Other operating charges640/8 | €63 | €116 | ▲ 84.5% |
| Gross operating margin9900 | €133,656 | €51,971 | ▼ 61.1% |
| Operating profit (loss)9901 | €133,593 | €51,514 | ▼ 61.4% |
| Financial income75/76B | €43 | €1,660 | ▲ 39× |
| Recurring financial income75 | €43 | €1,660 | ▲ 39× |
| Financial charges65/66B | €2,788 | €3,715 | ▲ 33.2% |
| Recurring financial charges65 | €2,788 | €3,715 | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | €130,847 | €49,459 | ▼ 62.2% |
| Income taxes67/77 | €37,777 | €13,954 | ▼ 63.1% |
| Profit (loss) for the period9904 | €93,070 | €35,505 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €93,070 | €35,505 | ▼ 61.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €147,221 | €196,577 | ▲ 33.5% |
| Fixed assets21/28 | - | €1,089 | - |
| Tangible fixed assets22/27 | - | €1,089 | - |
| Plant, machinery and equipment23 | - | €1,089 | - |
| Current assets29/58 | €147,221 | €195,488 | ▲ 32.8% |
| Amounts receivable within one year40/41 | €1,338 | €8,587 | ▲ 542% |
| Trade receivables40 | - | €4,752 | - |
| Other amounts receivable41 | €1,338 | €3,835 | ▲ 187% |
| Current investments50/53 | €115,000 | €165,000 | ▲ 43.5% |
| Cash at bank and in hand54/58 | €29,879 | €20,886 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | €1,004 | €1,014 | ▲ 1.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €147,221 | €196,577 | ▲ 33.5% |
| Equity10/15 | €107,211 | €141,883 | ▲ 32.3% |
| Contributions10/11 | €15,000 | €15,000 | = |
| Reserves13 | €92,211 | €126,883 | ▲ 37.6% |
| Distributable reserves133 | €92,211 | €126,883 | ▲ 37.6% |
| Amounts payable17/49 | €40,010 | €54,694 | ▲ 36.7% |
| Amounts payable within one year42/48 | €40,010 | €54,694 | ▲ 36.7% |
| Financial debts43 | - | €447 | - |
| Credit institutions430/8 | - | €447 | - |
| Trade debts44 | €1,188 | €1,587 | ▲ 33.5% |
| Suppliers440/4 | €1,188 | €1,587 | ▲ 33.5% |
| Taxes, remuneration and social security45 | €37,963 | €51,828 | ▲ 36.5% |
| Taxes450/3 | €37,963 | €51,828 | ▲ 36.5% |
| Other amounts payable47/48 | €859 | €833 | ▼ 3.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €93,070 | €35,505 | ▼ 61.9% |
| + Depreciation and write-downs630 | - | €341 | - |
| Operating cash flow (approximation) | €93,070 | €35,846 | ▼ 61.5% |
| Change in cash | - | -€8,993 | - |
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, 39,278 companies had the same profile as MOONWAVE has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MOONWAVE itself: 0.4% within 12 months.
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 39,278 companies, not a prediction for MOONWAVE. 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.