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MOOTRANS

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Public limited companyfounded 1990active for 35 yearsD'Helst 7B, 9280 Lebbeke, BelgiumKBO/BCE: BE 0442.323.364

Financials · financial year 2025, full format

Annual accounts 2025 filed on 22-07-2026 at the NBB all 35 filings

Turnover
≈ €2.1m
Estimated: probably between €1.9m and €2.5m
EBIT margin
Not included in this filing
Net result
€44,986▼ 69.1%
2024 · €145,725
Working capital
-€105,538▲ 0.3%
2024 · -€105,872
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 55% lower than in 2024.

Operating result€0.1m 2025 Net result€0.04m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.06m-€0.03m▼ 49.5%€0.04m▲ 46.6%€0.1m▲ 124%€0.2m▲ 108%€0.09m▼ 57.5%€0.2m▲ 148%€0.1m▼ 55.4%
Net result€0.02m-€0.005m▼ 79.6%€0.02mwithin the sector's middle half▲ 229%€0.06mwithin the sector's middle half▲ 269%€0.2mabove the sector's middle half▲ 186%€0.05mwithin the sector's middle half▼ 68.2%€0.1mabove the sector's middle half▲ 180%€0.04mwithin the sector's middle half▼ 69.1%
Equity€0.3m-€0.3m▲ 1.4%€0.3mwithin the sector's middle half▲ 4.6%€0.4mwithin the sector's middle half▲ 4.4%€0.2mwithin the sector's middle half▼ 45.5%€0.2mwithin the sector's middle half▲ 13.6%€0.3mwithin the sector's middle half▲ 53.4%€0.4mwithin the sector's middle half▲ 13.0%
Total assets€1.4m-€1.5m▲ 4.6%€1.2mwithin the sector's middle half▼ 20.4%€1.3mwithin the sector's middle half▲ 11.6%€1.4mwithin the sector's middle half▲ 4.4%€1.4mwithin the sector's middle half▲ 2.9%€1.6mwithin the sector's middle half▲ 16.3%€1.8mwithin the sector's middle half▲ 8.2%
Debt€1.1m-€1.1m▲ 5.5%€0.8m▼ 27.6%€1.0m▲ 14.6%€1.2m▲ 23.5%€1.2m▲ 1.1%€1.3m▲ 9.3%€1.4m▲ 6.9%
Working capital-€0.3m--€0.3m▲ 0.9%-€0.2mbelow the sector's middle half▲ 37.1%-€0.2mbelow the sector's middle half▲ 1.7%-€0.2mbelow the sector's middle half▲ 5.3%-€0.1mbelow the sector's middle half▲ 35.4%-€0.1mbelow the sector's middle half▲ 5.0%-€0.1mbelow the sector's middle half▲ 0.3%
Solvency23.2%-22.5%▼ 0.7pp29.6%within the sector's middle half▲ 7.1pp27.7%within the sector's middle half▼ 1.9pp14.5%below the sector's middle half▼ 13.2pp16.0%below the sector's middle half▲ 1.5pp21.1%below the sector's middle half▲ 5.1pp22.0%within the sector's middle half▲ 0.9pp
Current ratio0.53-0.56▲ 0.020.63below the sector's middle half▲ 0.080.66below the sector's middle half▲ 0.030.77below the sector's middle half▲ 0.110.86below the sector's middle half▲ 0.090.82below the sector's middle half▼ 0.040.84below the sector's middle half▲ 0.02
Return on assets (ROA)1.6%-0.3%▼ 1.3pp1.3%within the sector's middle half▲ 1.0pp4.3%within the sector's middle half▲ 3.0pp11.9%above the sector's middle half▲ 7.6pp3.7%within the sector's middle half▼ 8.2pp8.8%within the sector's middle half▲ 5.2pp2.5%within the sector's middle half▼ 6.3pp
Staff (FTE)9.6-11.7▲ 21.9%11.6within the sector's middle half▼ 0.9%7.6within the sector's middle half▼ 34.5%5.6within the sector's middle half▼ 26.3%7.8within the sector's middle half▲ 39.3%9within the sector's middle half▲ 15.4%10.2within the sector's middle half▲ 13.3%
above within below The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2025 Net result -69% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets €1.2m ▲ 6.8%
Current assets €548,034 ▲ 11.4%
Equity and liabilities €1.8m
Equity €391,864 ▲ 13.0%
Debt €1.4m ▲ 6.9%
Debt's share of the balance-sheet total falls from 78.9% to 78.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€363,416▼
2024 · €435,391
Cash flow
€312,092▼
2024 · €365,000
Quick ratio
0.81▲
2024 · 0.80
Debt to equity
3.55▼
2024 · 3.75
ROE
11.5%▼
2024 · 42.0%
Interest coverage
8.33▼
2024 · 10.82
Debt ≤ 1 year
€653,572▲
2024 · €597,630
Debt > 1 year
€736,402▲
2024 · €702,896
Income taxes
€7,860▼
2024 · €30,337
Staff costs
€668,426▲
2024 · €638,899
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date488912
full-time488912
part-time----0
in full-time equivalents488912
Average over the year, in full-time equivalents7.65.67.8910.2
On a permanent contract47889
Joined54--11
Left110--8

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€371,543€78,557€178,204€633,183€345,399
Intangible fixed assets--€7,490--
Financial fixed assets-€800-€540€0
Depreciation and write-downs of the year€269,586€250,232€222,936€219,275€267,106

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2023 to 2024 · 3 entries · €9,573 awarded · €9,408 paid
Year Entries AwardedPaid
2024 1 €282€117
2023 2 €9,291€9,291
Schemes
1 entry · €9,000 · €9,000 paid · Departement Mobiliteit en Openbare Werken
2 entries · €573 · €408 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.6m€1.8m▲
Fixed assets21/28€1.2m€1.2m▲
Intangible fixed assets21€0.005m€0.004m▼
Tangible fixed assets22/27€1.1m€1.2m▲
Land and buildings22€0.3m€0.3m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.09m€0.08m▼
Leasing and similar rights25€0.7m€0.8m▲
Other tangible fixed assets26-€0.01m
Financial fixed assets28€0.003m€0.003m▼
Current assets29/58€0.5m€0.5m▲
Stocks and contracts in progress3€0.01m€0.02m▲
Stocks30/36€0.01m€0.02m▲
Amounts receivable within one year40/41€0.4m€0.4m▲
Trade receivables40€0.3m€0.4m▲
Other amounts receivable41€0.01m€0.02m▲
Cash at bank and in hand54/58€0.1m€0.07m▼
Deferred charges and accrued income490/1€0.03m€0.03m▲
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.8m▲
Equity10/15€0.3m€0.4m▲
Contributions10/11€0.06m€0.06m=
Capital10-€0.06m
Issued capital100-€0.06m
Reserves13€0.2m€0.3m▲
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130-€0.006m
Reserves not available under the articles1311€0.006m-
Tax-exempt reserves132€0.02m€0.02m=
Distributable reserves133€0.2m€0.3m▲
Profit (loss) carried forward14€0.1m€0.04m▼
Amounts payable17/49€1.3m€1.4m▲
Amounts payable after more than one year17€0.7m€0.7m▲
Financial debts170/4€0.7m€0.7m▲
Amounts payable within one year42/48€0.6m€0.7m▲
Current portion of amounts payable after more than one year42€0.3m€0.2m▼
Financial debts43€0.1m€0.1m▼
Credit institutions430/8€0.1m€0.1m▼
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Taxes, remuneration and social security45€0.04m€0.07m▲
Taxes450/3€0.01m€0.03m▲
Remuneration and social security454/9€0.03m€0.04m▲
Other amounts payable47/48€0.06m€0.02m▼
Income statement Code20242025
Non-recurring operating income76A€0.02m€0▼
Remuneration, social security and pensions62€0.6m€0.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.3m▲
Other operating charges640/8€0.09m€0.1m▲
Gross operating margin9900€1.2m€1.1m▼
Operating profit (loss)9901€0.2m€0.1m▼
Financial income75/76B€173€156▼
Recurring financial income75€173€156▼
Financial charges65/66B€0.04m€0.04m▲
Recurring financial charges65€0.04m€0.04m▲
Profit (loss) for the period before taxes9903€0.2m€0.05m▼
Income taxes67/77€0.03m€0.008m▼
Profit (loss) for the period9904€0.1m€0.04m▼
Transfer to tax-exempt reserves689€0.02m€0▼
Profit (loss) for the period to be appropriated9905€0.1m€0.04m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▼
Profit (loss) brought forward from the previous period14P€0.02m€0.1m▲
Transfer to equity691/2€0.02m€0.1m▲
To other reserves6921€0.02m€0.1m▲
Profit to be distributed694/7€0.03m€0▼
Return on contributions (dividend)694€0.03m€0▼
Social balance sheet
Average headcount (FTE)90879.010.2▲

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0.08m€0.04m-€0.02m€0▼ 100%
Remuneration, social security and pensions62---€0.4m€0.3m€0.5m€0.6m€0.7m▲ 4.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m€0.3m€0.3m€0.3m€0.2m€0.2m€0.3m▲ 21.8%
Other operating charges640/8---€0.004m€0.06m€0.07m€0.09m€0.1m▲ 13.0%
Non-recurring operating charges66A---€0.001m-----
Gross operating margin9900€0.8m€1.0m€0.8m€0.8m€0.8m€0.9m€1.2m€1.1m▼ 2.6%
Operating profit (loss)9901€0.06m€0.03m€0.04m€0.1m€0.2m€0.09m€0.2m€0.1m▼ 55.4%
Financial income75/76B---€1-€487€173€156▼ 9.5%
Recurring financial income75€11€379€0€1-€487€173€156▼ 9.5%
Financial charges65/66B---€0.02m€0.02m€0.02m€0.04m€0.04m▲ 8.4%
Recurring financial charges65€0.03m€0.02m€0.02m€0.02m€0.02m€0.02m€0.04m€0.04m▲ 8.4%
Profit (loss) for the period before taxes9903€0.03m€0.008m€0.02m€0.08m€0.2m€0.06m€0.2m€0.05m▼ 70.0%
Income taxes67/77€0.01m€0.003m€0.009m€0.02m€0.02m€0.01m€0.03m€0.008m▼ 74.1%
Profit (loss) for the period9904€0.02m€0.005m€0.02m€0.06m€0.2m€0.05m€0.1m€0.04m▼ 69.1%
Transfer to tax-exempt reserves689------€0.02m€0▼ 100%
Profit (loss) for the period to be appropriated9905€0.02m€0.005m€0.02m€0.06m€0.2m€0.05m€0.1m€0.04m▼ 62.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.4m€1.5m€1.2m€1.3m€1.4m€1.4m€1.6m€1.8m▲ 8.2%
Fixed assets21/28€1.1m€1.1m€0.9m€1.0m€0.8m€0.7m€1.2m€1.2m▲ 6.8%
Intangible fixed assets21-----€0.007m€0.005m€0.004m▼ 27.7%
Tangible fixed assets22/27€1.1m€1.1m€0.9m€1.0m€0.8m€0.7m€1.1m€1.2m▲ 7.0%
Land and buildings22---€0.4m€0.4m€0.3m€0.3m€0.3m▼ 4.2%
Plant, machinery and equipment23---€0.01m€0.005m€0.01m€0.02m€0.01m▼ 28.0%
Furniture and vehicles24---€0.01m€0.08m€0.1m€0.09m€0.08m▼ 8.4%
Leasing and similar rights25---€0.6m€0.4m€0.3m€0.7m€0.8m▲ 13.1%
Other tangible fixed assets26---€0.003m€0.001m--€0.01m-
Financial fixed assets28€0.002m€0.003m€0.003m€0.003m€0.004m€0.002m€0.003m€0.003m▼ 4.6%
Current assets29/58€0.3m€0.4m€0.3m€0.4m€0.6m€0.7m€0.5m€0.5m▲ 11.4%
Stocks and contracts in progress3€0.003m€0.003m€0.003m€0.003m€0.003m€0.003m€0.01m€0.02m▲ 33.8%
Stocks30/36---€0.003m€0.003m€0.003m€0.01m€0.02m▲ 33.8%
Amounts receivable within one year40/41€0.3m€0.3m€0.3m€0.2m€0.4m€0.6m€0.4m€0.4m▲ 19.8%
Trade receivables40---€0.2m€0.4m€0.5m€0.3m€0.4m▲ 18.9%
Other amounts receivable41----€0.02m€0.02m€0.01m€0.02m▲ 44.3%
Cash at bank and in hand54/58€0.04m€0.03m€0.06m€0.1m€0.2m€0.09m€0.1m€0.07m▼ 25.1%
Deferred charges and accrued income490/1---€0.02m€0.02m€0.01m€0.03m€0.03m▲ 27.0%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.5m€1.2m€1.3m€1.4m€1.4m€1.6m€1.8m▲ 8.2%
Equity10/15€0.3m€0.3m€0.3m€0.4m€0.2m€0.2m€0.3m€0.4m▲ 13.0%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.06m€0.06m€0.06m=
Capital10-------€0.06m-
Issued capital100-------€0.06m-
Reserves13€0.2m€0.2m€0.2m€0.2m€0.1m€0.1m€0.2m€0.3m▲ 50.5%
Non-distributable reserves130/1---€0.002m€0.002m€0.006m€0.006m€0.006m=
Legal reserve130-------€0.006m-
Reserves not available under the articles1311---€0.002m€0.002m€0.006m€0.006m--
Tax-exempt reserves132------€0.02m€0.02m=
Distributable reserves133---€0.2m€0.09m€0.1m€0.2m€0.3m▲ 60.4%
Profit (loss) carried forward14€0.09m€0.09m€0.09m€0.2m€0.08m€0.02m€0.1m€0.04m▼ 53.0%
Amounts payable17/49€1.1m€1.1m€0.8m€1.0m€1.2m€1.2m€1.3m€1.4m▲ 6.9%
Amounts payable after more than one year17€0.5m€0.5m€0.3m€0.4m€0.4m€0.4m€0.7m€0.7m▲ 4.8%
Financial debts170/4---€0.4m€0.4m€0.4m€0.7m€0.7m▲ 4.8%
Amounts payable within one year42/48€0.6m€0.7m€0.5m€0.5m€0.8m€0.8m€0.6m€0.7m▲ 9.4%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.2m€0.3m€0.2m▼ 5.5%
Financial debts43---€0.2m€0.2m€0.2m€0.1m€0.1m▼ 6.1%
Credit institutions430/8---€0.2m€0.2m€0.2m€0.1m€0.1m▼ 6.1%
Trade debts44€0.08m€0.1m€0.05m€0.06m€0.2m€0.2m€0.1m€0.2m▲ 84.9%
Suppliers440/4---€0.06m€0.2m€0.2m€0.1m€0.2m▲ 84.9%
Taxes, remuneration and social security45---€0.05m€0.009m€0.06m€0.04m€0.07m▲ 72.3%
Taxes450/3---€0.03m-€0.03m€0.01m€0.03m▲ 177%
Remuneration and social security454/9---€0.02m€0.009m€0.03m€0.03m€0.04m▲ 29.5%
Other amounts payable47/48---€0.04m€0.2m€0.1m€0.06m€0.02m▼ 65.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€23,083€4,716€15,518€57,282€163,922€52,121€145,725€44,986▼ 69.1%
+ Depreciation and write-downs630€270,348€310,887€278,530€269,586€250,232€222,936€219,275€267,106▲ 21.8%
Operating cash flow (approximation)€293,431€315,602€294,048€326,867€414,154€275,057€365,000€312,092▼ 14.5%
Investment in fixed assets (approximation)--€347,775-€26,235-€367,983-€79,357-€174,698-€633,154-€345,264▲ 45.5%
Change in cash--€15,734€31,860€86,470€16,435-€65,918€4,428-€24,942-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 4,685 companies had the same profile as MOOTRANS has now. Two years later, 1.1% had gone bankrupt and 96.9% were still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
1.9% stopped otherwise
96.9% was still going

That fits the bankruptcy probability of MOOTRANS itself: 0.9% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,685 companies, not a prediction for MOOTRANS. 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.

Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 22-07-2026 2026-00316109 PDF
31-12-2024 abbreviated format 28-07-2025 2025-00315665 PDF
31-12-2023 abbreviated format 22-07-2024 2024-00274039 PDF
31-12-2022 abbreviated format 01-06-2023 2023-00106679 PDF
31-12-2021 abbreviated format 13-06-2022 2022-20068754 PDF
31-12-2020 abbreviated format 18-06-2021 2021-22300016 PDF
31-12-2019 abbreviated format 17-06-2020 2020-17800122 PDF
31-12-2018 abbreviated format 21-06-2019 2019-21700531 PDF
31-12-2017 abbreviated format 23-06-2018 2018-23200223 PDF
31-12-2016 abbreviated format 23-06-2017 2017-21000058 PDF

Show all 35 filings

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