MOOVLY

Open bankruptcy

Public limited companyfounded 2012Nieuwewandeling 62, 9000 Gent, BelgiumKBO/BCE: BE 0500.669.260

A bankruptcy procedure is open for MOOVLY according to publications in the Belgian State Gazette; curator: MATTHIAS GESQUIERE. The 2023 annual accounts show negative equity (€-9.55M) and a net result of €-926k.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Negative equity

Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2023

Equity per financial year

181920212223

2018 to 2023 · latest year -€9.6M

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 14-06-2024, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

45 d late

2022

30 d early

2021

40 d early

2020

45 d early

2019

35 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Equity

€-9.55M▼ 10.7%

2022 · €-8.63M

2018: €-4.76M 2019: €-5.84M 2020: €-6.55M 2021: €-7.42M 2022: €-8.63M

2018 → 2023

Total assets

€1.24M▲ 3.4%

2022 · €1.20M

2018: €1.52M 2019: €1.32M 2020: €1.15M 2021: €1.87M 2022: €1.20M

2018 → 2023

Net result

€-926k▲ 23.3%

2022 · €-1.21M

2018: €-1.78M 2019: €-1.08M 2020: €-715k 2021: €-865k 2022: €-1.21M

2018 → 2023

Working capital

€205k▼ 11.0%

2022 · €230k

2018: €45k 2019: €-86k 2020: €183k 2021: €954k 2022: €230k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€-5.84M-€-6.55M▼ 12.3%€-7.42M▼ 13.2%€-8.63M▼ 16.3%€-9.55M▼ 10.7%

Operating result€-815k-€-405k▲ 50.3%€-554k▼ 36.7%€-875k▼ 57.9%€-552k▲ 36.9%

Net result€-1.08M-€-715k▲ 33.7%€-865k▼ 21.0%€-1.21M▼ 39.6%€-926k▲ 23.3%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €552k in 2023 against €875k in 2022; the loss shrinks.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.24M

58.7%

41.3%

Fixed assets €729k▲ 13.5%

Current assets €512k▼ 8.2%

Key figures and ratios

2023 value · change against 2022

EBITDA

€-286k▲

2022 · €-597k

Cash flow

€-660k▲

2022 · €-930k

Solvency

-769.7%▼

2022 · -718.7%

Current ratio

1.67▼

2022 · 1.70

Quick ratio

1.67▼

2022 · 1.70

Debt / equity

-1.13▲

2022 · -1.14

ROE

9.7%▼

2022 · 14.0%

ROA

-74.6%▲

2022 · -100.6%

Interest coverage

-0.76▲

2022 · -1.76

Debt

€10.79M▲

2022 · €9.83M

Debt ≤ 1 year

€308k▼

2022 · €328k

Debt > 1 year

€9.57M▲

2022 · €8.71M

Staff costs

€619k▼

2022 · €769k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€1.20M€1.24M▲

Fixed assets21/28€642k€729k▲

Intangible fixed assets21€624k€715k▲

Tangible fixed assets22/27€9k€5k▼

Furniture and vehicles24€9k€5k▼

Financial fixed assets28€9k€9k=

Current assets29/58€559k€512k▼

Amounts receivable within one year40/41€447k€459k▲

Trade receivables40€62k€80k▲

Other amounts receivable41€385k€379k▼

Cash at bank and in hand54/58€111k€15k▼

Deferred charges and accrued income490/1€0€39k▲

Equity and liabilities

Total equity and liabilities10/49€1.20M€1.24M▲

Equity10/15€-8.63M€-9.55M▼

Contributions10/11€1.55M€1.55M=

Capital10€1.20M€1.20M=

Issued capital100€1.20M€1.20M=

Outside capital11€349k€349k=

Share premium1100/10€349k€349k=

Profit (loss) carried forward14€-10.17M€-11.10M▼

Amounts payable17/49€9.83M€10.79M▲

Amounts payable after more than one year17€8.71M€9.57M▲

Financial debts170/4€8.71M€9.54M▲

Other amounts payable178/9-€36k

Amounts payable within one year42/48€328k€308k▼

Financial debts43-€18

Credit institutions430/8-€18

Trade debts44€212k€207k▼

Suppliers440/4€212k€207k▼

Taxes, remuneration and social security45€116k€100k▼

Taxes450/3€14k€13k▼

Remuneration and social security454/9€102k€88k▼

Accrued charges and deferred income492/3€788k€911k▲

Income statement Code20222023

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€769k€619k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€278k€266k▼

Other operating charges640/8€1k€1k=

Non-recurring operating charges66A€0-

Gross operating margin9900€174k€334k▲

Operating profit (loss)9901€-875k€-552k▲

Financial income75/76B€6k€61▼

Recurring financial income75€6k€61▼

Financial charges65/66B€339k€374k▲

Recurring financial charges65€339k€374k▲

Profit (loss) for the period before taxes9903€-1.21M€-926k▲

Profit (loss) for the period9904€-1.21M€-926k▲

Profit (loss) for the period to be appropriated9905€-1.21M€-926k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-10.17M€-11.10M▼

Profit (loss) brought forward from the previous period14P€-8.97M€-10.17M▼

Social balance

Average headcount (FTE)908711.47.7▼

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Signals 1Financial 2Filings 10

2025

14-04

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · MOOVLY NV NIEUWEWANDE- LING 62, 9000 GENT · event 08-04-2025

2024

14-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 45 days late

2023

31-03

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

21-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-09

Financial Liquidity doublescurrent ratio 3.96

Current ratio from 1.70 to 3.96.

16-03

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-09

Financial Liquidity doublescurrent ratio 1.70

Current ratio from 0.83 to 1.70; short-term debt falls from €505k to €259k.

26-03

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

24-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

20-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

08-03

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

14-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

23-06

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 directors, no change since 2017

COPPENCO

Director · since 06-09-2016

Not recently confirmed

ICEVISTA

Director · since 06-09-2016

Not recently confirmed

23-03-2017 Calcor BVBA: Resigned as Director

06-09-2016 COPPENCO: Resigned as Director

06-09-2016 COPPENCO: Appointed as Director

06-09-2016 ICEVISTA: Resigned as Director

06-09-2016 ICEVISTA: Appointed as Director

06-09-2016 VANBECELAERE Luc: Resigned as Director

16-12-2015 Cornette Patrick-Paul: Resigned as Director

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2012

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Nieuwewandeling 629000 Gent

Ground area

2,580 m²

Building footprint

571 m²

Volume, LiDAR

7,013 m³

2 parcels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

MOOVLY

Koning Albertlaan 114, 9000 GentComputer programming, consultancy and related activities

since 20122.214.914.529

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44806F0399/00H000 ProtectedTownscape or village viewHerenhuis in neoclassicistische stijl met tuinSource ↗	Flanders	2,277 m²	1 · 281 m²	17.8 m · 5 fl.
44809I0775/00Y004	Flanders	304 m²	1 · 290 m²	16.9 m · 3 fl.