Equity
Equity rose in 2025 from €6.4m to €10.4m.
Equity rose in 2025 from €6.4m to €10.4m.
Of this, €8.4m falls due within a year.
Green is investment, beige is depreciation.
In 2025, 22 people joined and 18 left.
The last five annual accounts were filed 33 to 95 days before the end of the period.
The dashed line is the sector median: 0.1% across 801 companies (NACE 70, medium-sized).
About 3 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 70, medium-sized). It does better than 23% of them on solvency, 29% on liquidity, 54% on profitability and 63% 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).
In July 2024, 290 companies had the same profile as Moore Strategy & Operations has now. Each dot is one company, two years later.
That fits the bankruptcy probability of Moore Strategy & Operations itself: 0.3% within 12 months.
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 290 companies, not a prediction for Moore Strategy & Operations. 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 tight, with a current ratio of 1.35 (1.29 in 2024), below the usual 1.5. Short-term debt is 21.6% and cash 0% of total assets. 73.2% 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 67 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Shares in 3 companies, including DNA33 SERVICES and VENNTIV BV
Board & ownership| Company | ||||
|---|---|---|---|---|
| Moore Strategy & Operations Ghent | €19.9m | 6.0% | 26.8% | 104.8 |
| BLUECRUX Aalst | €34.9m | 23.9% | 47.0% | 80.9 |
| ALISTAR BELGIË Ghent | €27.2m | 14.4% | 6.8% | 137.8 |
| AVANADE BELGIUM Lochristi | €40.5m | 4.7% | 64.2% | 148.7 |
| EASI Group Nivelles | €11.0m | 4.8% | 32.9% | 64.3 |
| ASML Belgium Antwerp | €15.4m | 9.6% | 14.6% | 56.3 |
| ICF Brussels | €41.3m | 1.9% | 72.5% | 70.1 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Moore Strategy & Operations: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €25m and €56m, founded between 2000 and 2011.
Moore Strategy & Operations has existed since 2008. In 2014 turnover rose from €546,895 to €1.7m and staff from 6.2 to 10.2 full-time equivalents. The previous financial year ran 18 months, this one 12.
Moore Belgium holds all the shares.
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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