MOOSE GROUP
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 7 filings
Turnover
≈ €94,000
Estimated: probably between €69,000 and €140,000
Total assets
€155,341▲ 10.8%
2024 · €140,255
Net result
€13,468▼ 12.2%
2024 · €15,332
Working capital
-€6,132▲ 62.5%
2024 · -€16,359
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€19,562
▼ 20.7%
2025
20192025
Net result
€13,468
▼ 12.2%
2025
middle half of the sector
20192025
Equity
€71,459
▲ 23.2%
2025
middle half of the sector
20192025
Total assets
€155,341
▲ 10.8%
2025
middle half of the sector
20192025
Debt
€83,882
▲ 2.0%
2025
20192025
Working capital
-€6,132
▲ 62.5%
2025
lowest quarter of the sector
20192025
Solvency
46.0%
▲ 4.7pp
2025
middle half of the sector
20192025
Current ratio
0.93
▲ 0.13
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
8.7%
▼ 2.3pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€10,461--€1,435€4,223€15,851▲ 275%€21,537▲ 35.9%€24,660▲ 14.5%€19,562▼ 20.7%
Net result€7,499--€1,427within the sector's middle half€3,704within the sector's middle half€11,827within the sector's middle half▲ 219%€14,856within the sector's middle half▲ 25.6%€15,332within the sector's middle half▲ 3.2%€13,468within the sector's middle half▼ 12.2%
Equity€13,699-€12,272within the sector's middle half▼ 10.4%€15,976within the sector's middle half▲ 30.2%€27,803within the sector's middle half▲ 74.0%€42,659within the sector's middle half▲ 53.4%€57,991within the sector's middle half▲ 35.9%€71,459within the sector's middle half▲ 23.2%
Total assets€27,884-€28,945below the sector's middle half▲ 3.8%€29,002below the sector's middle half▲ 0.2%€46,037below the sector's middle half▲ 58.7%€72,744within the sector's middle half▲ 58.0%€140,255within the sector's middle half▲ 92.8%€155,341within the sector's middle half▲ 10.8%
Debt€14,185-€16,673▲ 17.5%€13,026▼ 21.9%€18,234▲ 40.0%€30,085▲ 65.0%€82,264▲ 173%€83,882▲ 2.0%
Working capital€2,857-€4,143within the sector's middle half▲ 45.0%€9,396within the sector's middle half▲ 127%€5,236within the sector's middle half▼ 44.3%€9,772within the sector's middle half▲ 86.6%-€16,359below the sector's middle half-€6,132below the sector's middle half▲ 62.5%
Solvency49.1%-42.4%within the sector's middle half▼ 6.7pp55.1%within the sector's middle half▲ 12.7pp60.4%within the sector's middle half▲ 5.3pp58.6%within the sector's middle half▼ 1.8pp41.3%within the sector's middle half▼ 17.3pp46.0%within the sector's middle half▲ 4.7pp
Current ratio1.20-1.25within the sector's middle half▲ 0.051.72within the sector's middle half▲ 0.471.29within the sector's middle half▼ 0.431.32within the sector's middle half▲ 0.040.80below the sector's middle half▼ 0.520.93below the sector's middle half▲ 0.13
Return on assets (ROA)26.9%--4.9%below the sector's middle half▼ 31.8pp12.8%within the sector's middle half▲ 17.7pp25.7%above the sector's middle half▲ 12.9pp20.4%within the sector's middle half▼ 5.3pp10.9%within the sector's middle half▼ 9.5pp8.7%within the sector's middle half▼ 2.3pp
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 21% 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155,341
Fixed assets
€77,591 ▲ 4.4%
Current assets
€77,750 ▲ 18.0%
Equity and liabilities €155,341
Equity
€71,459 ▲ 23.2%
Debt
€83,882 ▲ 2.0%
Debt's share of the balance-sheet total falls from 58.7% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,466▲
2024 · €37,713
Cash flow
€35,372▲
2024 · €28,384
Debt to equity
1.17▼
2024 · 1.42
ROE
18.8%▼
2024 · 26.4%
Interest coverage
over 100▲
2024 · 17.88
Debt ≤ 1 year
€83,882▲
2024 · €82,264
Income taxes
€6,093▼
2024 · €7,229
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,955 | €20,657 | €17,515 | €54,515 | €25,145 |
| Depreciation and write-downs of the year | €3,688 | €4,670 | €7,195 | €13,052 | €21,904 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €198 awarded · €198 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €185 | - | €12,661 | €2,924 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,931 | €5,555 | €3,688 | €4,670 | €7,195 | €13,052 | €21,904 | ▲ 67.8% |
| Other operating charges640/8 | - | - | €215 | €3,448 | €722 | €759 | €86 | ▼ 88.7% |
| Gross operating margin9900 | €23,247 | €4,334 | €8,127 | €23,968 | €29,453 | €38,472 | €41,551 | ▲ 8.0% |
| Operating profit (loss)9901 | €10,461 | -€1,435 | €4,223 | €15,851 | €21,537 | €24,660 | €19,562 | ▼ 20.7% |
| Financial income75/76B | - | - | €38 | €455 | €76 | €9 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | - | €38 | €455 | €76 | €9 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | €60 | - | €173 | €2,109 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €57 | -€8 | €60 | - | €173 | €2,109 | €0 | ▼ 100.0% |
| Profit (loss) for the period before taxes9903 | €10,403 | -€1,427 | €4,201 | €16,306 | €21,440 | €22,561 | €19,562 | ▼ 13.3% |
| Income taxes67/77 | €2,905 | - | €496 | €4,478 | €6,584 | €7,229 | €6,093 | ▼ 15.7% |
| Profit (loss) for the period9904 | €7,499 | -€1,427 | €3,704 | €11,827 | €14,856 | €15,332 | €13,468 | ▼ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €7,499 | -€1,427 | €3,704 | €11,827 | €14,856 | €15,332 | €13,468 | ▼ 12.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €27,884 | €28,945 | €29,002 | €46,037 | €72,744 | €140,255 | €155,341 | ▲ 10.8% |
| Fixed assets21/28 | €10,842 | €8,129 | €6,580 | €22,567 | €32,887 | €74,350 | €77,591 | ▲ 4.4% |
| Tangible fixed assets22/27 | €10,662 | €7,949 | €6,400 | €22,387 | €32,707 | €74,170 | €77,411 | ▲ 4.4% |
| Plant, machinery and equipment23 | - | - | €6,400 | €18,990 | €30,055 | €28,032 | €19,562 | ▼ 30.2% |
| Furniture and vehicles24 | - | - | - | €3,397 | €2,653 | €46,138 | €57,849 | ▲ 25.4% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €17,042 | €20,816 | €22,422 | €23,470 | €39,857 | €65,905 | €77,750 | ▲ 18.0% |
| Amounts receivable within one year40/41 | €3,834 | €7,650 | €3,509 | €18,483 | €25,765 | €20,930 | €18,844 | ▼ 10.0% |
| Trade receivables40 | - | - | €3,509 | €220 | €14,349 | €15,036 | €16,179 | ▲ 7.6% |
| Other amounts receivable41 | - | - | - | €18,263 | €11,416 | €5,894 | €2,666 | ▼ 54.8% |
| Cash at bank and in hand54/58 | €13,208 | €13,166 | €18,913 | €4,987 | €14,092 | €44,976 | €58,806 | ▲ 30.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €100 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €27,884 | €28,945 | €29,002 | €46,037 | €72,744 | €140,255 | €155,341 | ▲ 10.8% |
| Equity10/15 | €13,699 | €12,272 | €15,976 | €27,803 | €42,659 | €57,991 | €71,459 | ▲ 23.2% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €7,499 | €7,499 | €9,776 | €21,603 | €36,459 | €51,791 | €65,259 | ▲ 26.0% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €7,916 | €19,743 | €36,459 | €51,791 | €65,259 | ▲ 26.0% |
| Profit (loss) carried forward14 | - | -€1,427 | - | - | - | - | - | - |
| Amounts payable17/49 | €14,185 | €16,673 | €13,026 | €18,234 | €30,085 | €82,264 | €83,882 | ▲ 2.0% |
| Amounts payable within one year42/48 | €14,185 | €16,673 | €13,026 | €18,234 | €30,085 | €82,264 | €83,882 | ▲ 2.0% |
| Trade debts44 | €2,482 | €6,921 | €857 | €4,076 | €8,069 | €6,351 | €5,472 | ▼ 13.8% |
| Suppliers440/4 | - | - | €857 | €4,076 | €8,069 | €6,351 | €5,472 | ▼ 13.8% |
| Taxes, remuneration and social security45 | - | - | €4,408 | €2,478 | €3,010 | €3,229 | €5,416 | ▲ 67.7% |
| Taxes450/3 | - | - | €4,408 | €2,478 | €3,010 | €3,229 | €5,416 | ▲ 67.7% |
| Other amounts payable47/48 | - | - | €7,762 | €11,680 | €19,006 | €72,685 | €72,994 | ▲ 0.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,499 | -€1,427 | €3,704 | €11,827 | €14,856 | €15,332 | €13,468 | ▼ 12.2% |
| + Depreciation and write-downs630 | €10,931 | €5,555 | €3,688 | €4,670 | €7,195 | €13,052 | €21,904 | ▲ 67.8% |
| Operating cash flow (approximation) | €18,430 | €4,128 | €7,393 | €16,497 | €22,051 | €28,384 | €35,372 | ▲ 24.6% |
| Investment in fixed assets (approximation) | - | -€2,842 | -€2,140 | -€20,657 | -€17,515 | -€54,515 | -€25,145 | ▲ 53.9% |
| Change in cash | - | -€43 | €5,747 | -€13,926 | €9,105 | €30,884 | €13,830 | ▼ 55.2% |
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, 26,972 companies had the same profile as MOOSE GROUP has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MOOSE GROUP itself is lower: 0.1% within 12 months. It rests on far more data about MOOSE GROUP 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 26,972 companies, not a prediction for MOOSE GROUP. 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 (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00226707 | |
| 31-12-2024 | micro format | 15-08-2025 | 2025-00377404 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00373532 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00177172 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20291569 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57500402 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22300104 |