MOQO
ActiveSummary
MOQO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,998 and a net result of €61,260. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 36% of 639 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+65
Solvency53▲+11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.4 in 2024; short-term debt: 60.6% and cash: 21.3% of total assets), but 72.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.5%
Return on assets
8.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
69 d early
2023
30 d late
2022
7 d early
2021
30 d late
2020
3 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 July (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€196,998▲ 45.1%
2024 · €135,738
Total assets
€715,443▼ 9.2%
2024 · €787,542
Net result
€61,260
2024 · -€86,013
Working capital
€246,136▲ 16.7%
2024 · €210,988
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,823€35,331▼ 26.1%€14,537▼ 58.9%-€55,803€103,833
Net result€34,076above the sector's middle half€16,416within the sector's middle half▼ 51.8%€485within the sector's middle half▼ 97.0%-€86,013below the sector's middle half€61,260within the sector's middle half
Equity€204,850above the sector's middle half▲ 20.0%€221,266above the sector's middle half▲ 8.0%€221,751within the sector's middle half▲ 0.2%€135,738within the sector's middle half▼ 38.8%€196,998within the sector's middle half▲ 45.1%
Total assets€447,127above the sector's middle half▲ 29.8%€573,139above the sector's middle half▲ 28.2%€865,444within the sector's middle half▲ 51.0%€787,542within the sector's middle half▼ 9.0%€715,443within the sector's middle half▼ 9.2%
Debt€242,278▲ 39.4%€351,874▲ 45.2%€643,693▲ 82.9%€651,804▲ 1.3%€518,445▼ 20.5%
Working capital€190,270above the sector's middle half▲ 15.8%€196,993above the sector's middle half▲ 3.5%€314,604within the sector's middle half▲ 59.7%€210,988within the sector's middle half▼ 32.9%€246,136within the sector's middle half▲ 16.7%
Solvency45.8%within the sector's middle half▼ 3.7pp38.6%within the sector's middle half▼ 7.2pp25.6%within the sector's middle half▼ 13.0pp17.2%below the sector's middle half▼ 8.4pp27.5%within the sector's middle half▲ 10.3pp
Current ratio1.81within the sector's middle half▼ 0.171.56within the sector's middle half▼ 0.251.61within the sector's middle half▲ 0.051.40within the sector's middle half▼ 0.211.57within the sector's middle half▲ 0.17
Return on assets (ROA)7.6%within the sector's middle half▲ 8.4pp2.9%within the sector's middle half▼ 4.8pp0.1%within the sector's middle half▼ 2.8pp-10.9%below the sector's middle half▼ 11.0pp8.6%within the sector's middle half▲ 19.5pp
Staff (FTE)8.1▲ 72.3%8.4▲ 3.7%11.1above the sector's middle half▲ 32.1%12.3above the sector's middle half▲ 10.8%10.7above the sector's middle half▼ 13.0%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €103,833 after a loss of €55,803 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €715,443
Fixed assets
€35,606 ▼ 21.5%
Current assets
€679,837 ▼ 8.4%
Equity and liabilities €715,443
Equity
€196,998 ▲ 45.1%
Debt
€518,445 ▼ 20.5%
Debt's share of the balance-sheet total falls from 82.8% to 72.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112,733▲
2024 · -€44,365
Cash flow
€70,160▲
2024 · -€74,575
Debt to equity
2.63▼
2024 · 4.80
ROE
31.1%▲
2024 · -63.4%
Interest coverage
4.91▲
2024 · -1.50
Debt ≤ 1 year
€433,701▼
2024 · €531,198
Debt > 1 year
€77,956▼
2024 · €102,699
Income taxes
€19,935▲
2024 · €1,571
Staff costs
€652,490▼
2024 · €700,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,605 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,153 | - | - |
| Remuneration, social security and pensions62 | €300,737 | €433,046 | €640,254 | €700,038 | €652,490 | ▼ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,852 | €9,728 | €11,631 | €11,438 | €8,900 | ▼ 22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,253 | - |
| Other operating charges640/8 | €4,644 | €4,023 | €4,155 | €2,655 | €2,992 | ▲ 12.7% |
| Gross operating margin9900 | €362,057 | €482,129 | €670,577 | €658,327 | €771,468 | ▲ 17.2% |
| Operating profit (loss)9901 | €47,823 | €35,331 | €14,537 | -€55,803 | €103,833 | ▲ 286% |
| Financial income75/76B | €1,696 | €447 | €8,398 | €858 | €304 | ▼ 64.6% |
| Recurring financial income75 | €1,696 | €447 | €8,398 | €858 | €304 | ▼ 64.6% |
| Financial charges65/66B | €3,768 | €4,464 | €10,875 | €29,496 | €22,942 | ▼ 22.2% |
| Recurring financial charges65 | €3,768 | €4,464 | €10,875 | €29,496 | €22,942 | ▼ 22.2% |
| Profit (loss) for the period before taxes9903 | €45,751 | €31,314 | €12,059 | -€84,442 | €81,195 | ▲ 196% |
| Income taxes67/77 | €11,675 | €14,898 | €11,574 | €1,571 | €19,935 | ▲ 1,169% |
| Profit (loss) for the period9904 | €34,076 | €16,416 | €485 | -€86,013 | €61,260 | ▲ 171% |
| Transfer from tax-exempt reserves789 | €7,846 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €41,921 | €16,416 | €485 | -€86,013 | €61,260 | ▲ 171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €447,127 | €573,139 | €865,444 | €787,542 | €715,443 | ▼ 9.2% |
| Fixed assets21/28 | €23,395 | €25,536 | €34,879 | €45,355 | €35,606 | ▼ 21.5% |
| Intangible fixed assets21 | €2,756 | €4,354 | €3,239 | €2,124 | €1,009 | ▼ 52.5% |
| Tangible fixed assets22/27 | €20,638 | €21,182 | €30,791 | €42,382 | €34,596 | ▼ 18.4% |
| Land and buildings22 | - | - | €4,924 | €20,243 | €18,056 | ▼ 10.8% |
| Plant, machinery and equipment23 | - | - | €1,201 | €3,481 | €2,959 | ▼ 15.0% |
| Furniture and vehicles24 | €20,638 | €21,182 | €24,666 | €18,658 | €13,581 | ▼ 27.2% |
| Financial fixed assets28 | - | - | €850 | €850 | €0 | ▼ 100% |
| Current assets29/58 | €423,733 | €547,603 | €830,565 | €742,187 | €679,837 | ▼ 8.4% |
| Amounts receivable after more than one year29 | €22,141 | €11,600 | €899 | - | - | - |
| Other amounts receivable291 | €22,141 | €11,600 | €899 | - | - | - |
| Amounts receivable within one year40/41 | €273,588 | €390,963 | €567,588 | €421,189 | €378,431 | ▼ 10.2% |
| Trade receivables40 | €250,235 | €367,776 | €518,268 | €375,201 | €353,282 | ▼ 5.8% |
| Other amounts receivable41 | €23,353 | €23,187 | €49,320 | €45,988 | €25,150 | ▼ 45.3% |
| Current investments50/53 | - | - | €132,500 | €132,500 | €132,500 | = |
| Cash at bank and in hand54/58 | €127,110 | €134,225 | €103,202 | €163,240 | €152,311 | ▼ 6.7% |
| Deferred charges and accrued income490/1 | €894 | €10,816 | €26,376 | €25,258 | €16,595 | ▼ 34.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €447,127 | €573,139 | €865,444 | €787,542 | €715,443 | ▼ 9.2% |
| Equity10/15 | €204,850 | €221,266 | €221,751 | €135,738 | €196,998 | ▲ 45.1% |
| Contributions10/11 | €138,000 | €138,000 | €138,000 | €138,000 | €138,000 | = |
| Reserves13 | €66,850 | €83,266 | €132,500 | €132,500 | €132,500 | = |
| Non-distributable reserves130/1 | - | - | €132,500 | €132,500 | €132,500 | = |
| Own shares acquired1312 | - | - | €132,500 | €132,500 | €132,500 | = |
| Distributable reserves133 | €66,850 | €83,266 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€48,749 | -€134,762 | -€73,502 | ▲ 45.5% |
| Amounts payable17/49 | €242,278 | €351,874 | €643,693 | €651,804 | €518,445 | ▼ 20.5% |
| Amounts payable after more than one year17 | - | - | €110,399 | €102,699 | €77,956 | ▼ 24.1% |
| Financial debts170/4 | - | - | €110,399 | €102,699 | €77,956 | ▼ 24.1% |
| Amounts payable within one year42/48 | €233,463 | €350,610 | €515,961 | €531,198 | €433,701 | ▼ 18.4% |
| Current portion of amounts payable after more than one year42 | €38,058 | €34,431 | €197,223 | €219,437 | €154,969 | ▼ 29.4% |
| Trade debts44 | €129,881 | €192,371 | €152,858 | €143,407 | €119,215 | ▼ 16.9% |
| Suppliers440/4 | €129,881 | €192,371 | €152,858 | €143,407 | €119,215 | ▼ 16.9% |
| Taxes, remuneration and social security45 | €60,771 | €119,075 | €161,047 | €163,738 | €155,180 | ▼ 5.2% |
| Taxes450/3 | €32,907 | €56,567 | €90,311 | €84,763 | €89,893 | ▲ 6.1% |
| Remuneration and social security454/9 | €27,863 | €62,508 | €70,736 | €78,975 | €65,286 | ▼ 17.3% |
| Other amounts payable47/48 | €4,753 | €4,734 | €4,832 | €4,616 | €4,338 | ▼ 6.0% |
| Accrued charges and deferred income492/3 | €8,815 | €1,263 | €17,333 | €17,907 | €6,788 | ▼ 62.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,076 | €16,416 | €485 | -€86,013 | €61,260 | ▲ 171% |
| + Depreciation and write-downs630 | €8,852 | €9,728 | €11,631 | €11,438 | €8,900 | ▼ 22.2% |
| Operating cash flow (approximation) | €42,928 | €26,144 | €12,116 | -€74,575 | €70,160 | ▲ 194% |
| Investment in fixed assets (approximation) | - | -€11,869 | -€20,974 | -€21,914 | €850 | ▲ 104% |
| Change in cash | - | €7,115 | -€31,023 | €60,038 | -€10,929 | ▼ 118% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €61,260
Net result €61,260 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €196,998 ▲45.1%
Equity rises from €135,738 to €196,998.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€86,013
Net result drops to -€86,013, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €34,076
Net result €34,076 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €204,850 ▲20%
Equity rises from €170,774 to €204,850.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2009
Ground area
3,485 m²
Building footprint
2,352 m²
Volume, LiDAR
37,031 m³
Parcel 34353B0085/00X032, Flanders · tallest building 20.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MOQO
since 20092.180.791.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0085/00X032 | Flanders | 3,485 m² | 1 · 2,352 m² | 20.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,491 EUR awarded · 4,491 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,491 EUR | 4,491 EUR |
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Of 6,288 companies in sector 74120 we hold annual accounts for 1,011. 696 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0812162984
Also
9925:BE0812162984
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.