MORE & MORE
ActiveSummary
MORE & MORE has been active since 2000 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €462,317 and a net result of €67,385. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+5
Solvency60▲+3
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.56 in 2024; short-term debt: 22.6% and cash: 0.8% of total assets), and 65.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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
34.8%
Return on assets
5.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
72 d early
2023
30 d late
2022
3 d late
2021
51 d late
2020
11 d early
2019
23 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 3 November (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Keerbergen, Arts, sports and recreation sector#6 company by equity in Keerbergen, Arts, sports and recreation sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€462,317▲ 17.1%
2024 · €394,931
Total assets
€1.3m▲ 5.9%
2024 · €1.3m
Net result
€67,385▲ 88.7%
2024 · €35,702
Working capital
-€101,213▼ 1.9%
2024 · -€99,325
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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€62,186▼ 8.6%€88,887▲ 42.9%€83,523▼ 6.0%€81,741▼ 2.1%€89,255▲ 9.2%
Net result€32,894within the sector's middle half▼ 10.6%€62,279within the sector's middle half▲ 89.3%€26,393within the sector's middle half▼ 57.6%€35,702within the sector's middle half▲ 35.3%€67,385within the sector's middle half▲ 88.7%
Equity€270,557within the sector's middle half▲ 13.8%€332,836within the sector's middle half▲ 23.0%€359,229within the sector's middle half▲ 7.9%€394,931within the sector's middle half▲ 9.9%€462,317within the sector's middle half▲ 17.1%
Total assets€1.3mwithin the sector's middle half▼ 1.5%€1.3mwithin the sector's middle half▲ 0.5%€1.3mwithin the sector's middle half▼ 1.7%€1.3mwithin the sector's middle half▲ 0.1%€1.3mwithin the sector's middle half▲ 5.9%
Debt€998,110▼ 6.5%€941,763▼ 5.6%€893,436▼ 5.1%€858,638▼ 3.9%€864,727▲ 0.7%
Working capital-€219,234below the sector's middle half▼ 4.3%-€31,499below the sector's middle half▲ 85.6%-€61,255below the sector's middle half▼ 94.5%-€99,325below the sector's middle half▼ 62.2%-€101,213below the sector's middle half▼ 1.9%
Solvency21.3%within the sector's middle half▲ 2.9pp26.1%within the sector's middle half▲ 4.8pp28.7%within the sector's middle half▲ 2.6pp31.5%within the sector's middle half▲ 2.8pp34.8%within the sector's middle half▲ 3.3pp
Current ratio0.39below the sector's middle half▼ 0.040.82below the sector's middle half▲ 0.430.67below the sector's middle half▼ 0.150.56below the sector's middle half▼ 0.110.66below the sector's middle half▲ 0.10
Return on assets (ROA)2.6%within the sector's middle half▼ 0.3pp4.9%within the sector's middle half▲ 2.3pp2.1%within the sector's middle half▼ 2.8pp2.8%within the sector's middle half▲ 0.7pp5.1%within the sector's middle half▲ 2.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.1m =
Current assets
€199,249 ▲ 58.4%
Equity and liabilities €1.3m
Equity
€462,317 ▲ 17.1%
Debt
€864,727 ▲ 0.7%
Debt's share of the balance-sheet total falls from 68.5% to 65.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.87▼
2024 · 2.17
ROE
14.6%▲
2024 · 9.0%
Debt ≤ 1 year
€300,463▲
2024 · €225,100
Debt > 1 year
€564,265▼
2024 · €633,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €7,566 | €7,726 | €8,525 | €8,769 | ▲ 2.9% |
| Gross operating margin9900 | €85,886 | €96,452 | €91,249 | €90,266 | €98,024 | ▲ 8.6% |
| Operating profit (loss)9901 | €62,186 | €88,887 | €83,523 | €81,741 | €89,255 | ▲ 9.2% |
| Financial income75/76B | - | €0 | €3,838 | €0 | €61 | - |
| Recurring financial income75 | - | €0 | €1 | €0 | €61 | - |
| Non-recurring financial income76B | - | €0 | €3,837 | €0 | - | - |
| Financial charges65/66B | - | €26,608 | €60,967 | €46,039 | €21,931 | ▼ 52.4% |
| Recurring financial charges65 | €29,699 | €26,608 | €40,265 | €46,039 | €21,931 | ▼ 52.4% |
| Non-recurring financial charges66B | - | €0 | €20,702 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €32,894 | €62,279 | €26,393 | €35,702 | €67,385 | ▲ 88.7% |
| Profit (loss) for the period9904 | €32,894 | €62,279 | €26,393 | €35,702 | €67,385 | ▲ 88.7% |
| Profit (loss) for the period to be appropriated9905 | €32,894 | €62,279 | €26,393 | €35,702 | €67,385 | ▲ 88.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 5.9% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Land and buildings22 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €140,873 | €146,805 | €124,871 | €125,775 | €199,249 | ▲ 58.4% |
| Amounts receivable within one year40/41 | €135,713 | €137,231 | €120,239 | €116,795 | €123,041 | ▲ 5.3% |
| Trade receivables40 | - | €116,528 | €120,236 | €116,528 | €116,528 | = |
| Other amounts receivable41 | - | €20,703 | €3 | €266 | €6,513 | ▲ 2,345% |
| Cash at bank and in hand54/58 | €5,161 | €9,574 | €4,632 | €8,980 | €10,583 | ▲ 17.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €65,625 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 5.9% |
| Equity10/15 | €270,557 | €332,836 | €359,229 | €394,931 | €462,317 | ▲ 17.1% |
| Contributions10/11 | €159,271 | €159,271 | €159,271 | €159,271 | €159,271 | = |
| Capital10 | - | €159,271 | €159,271 | €159,271 | €159,271 | = |
| Issued capital100 | - | €159,271 | €159,271 | €159,271 | €159,271 | = |
| Revaluation surpluses12 | - | €514,868 | €514,868 | €514,868 | €514,868 | = |
| Reserves13 | €660 | €660 | €660 | €660 | €660 | = |
| Non-distributable reserves130/1 | - | €660 | €660 | €660 | €660 | = |
| Legal reserve130 | - | €660 | €660 | €660 | €660 | = |
| Profit (loss) carried forward14 | -€404,241 | -€341,963 | -€315,569 | -€279,867 | -€212,482 | ▲ 24.1% |
| Amounts payable17/49 | €998,110 | €941,763 | €893,436 | €858,638 | €864,727 | ▲ 0.7% |
| Amounts payable after more than one year17 | €638,002 | €763,459 | €699,894 | €633,538 | €564,265 | ▼ 10.9% |
| Financial debts170/4 | - | €763,459 | €699,894 | €633,538 | €564,265 | ▼ 10.9% |
| Amounts payable within one year42/48 | €360,108 | €178,304 | €186,126 | €225,100 | €300,463 | ▲ 33.5% |
| Current portion of amounts payable after more than one year42 | - | €60,895 | €63,565 | €66,356 | €69,274 | ▲ 4.4% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €11,677 | €5,095 | €0 | €1,016 | €79,406 | ▲ 7,716% |
| Suppliers440/4 | - | €5,095 | €0 | €1,016 | €79,406 | ▲ 7,716% |
| Taxes, remuneration and social security45 | - | €4,391 | €5,400 | €8,470 | €0 | ▼ 100% |
| Taxes450/3 | - | €4,391 | €5,400 | €8,470 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €107,923 | €117,161 | €149,258 | €151,783 | ▲ 1.7% |
| Accrued charges and deferred income492/3 | - | - | €7,416 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,894 | €62,279 | €26,393 | €35,702 | €67,385 | ▲ 88.7% |
| Operating cash flow (approximation) | €32,894 | €62,279 | €26,393 | €35,702 | €67,385 | ▲ 88.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €4,414 | -€4,942 | €4,348 | €1,603 | ▼ 63.1% |
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
29-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, buitengewone algemene vergadering van de aandeelhouders
- Registered-office move, 3140 Keerbergen-Vlieghavenlaan 9A
11-02
KBO administration
Address struck
event 28-10-2025
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €67,385 ▲88.7%
Operating result €89,255, net result €67,385, both a record.
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
31-03
Financial
Weakest financial yearnet €26,393 ▼57.6%
Net result drops to €26,393, the lowest in the series; recovery starts the following year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 51 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 2000
Ground area
4,472 m²
Building footprint
248 m²
Parcel 24472G0125/00W008, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Vlieghavenlaan 9a, 3140 Keerbergen
since 20002.097.577.884
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0125/00W008 | Flanders | 4,472 m² | 1 · 248 m² | - |
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.
Articles of association
Registered office clause
Vlaamse Gewest, administratieve zetels,agentschappen,ateliers,opslagplaatsen,bijhuizen oprichten of opheffen bij enkel besluit bestuursorgaan in België of buite…
Structure & network
Owners and holdings
1 ownerChain of control
- KG REAL ESTATE
- MORE & MORE
Highest known parent: KG REAL ESTATE. The sources do not say who stands above it.
Owners 1
- KG REAL ESTATEparent51.36%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
CARRIERES D'EREFFE
BE 0448.158.410
Marchin · Eq €454,436
Creamasters
BE 0894.746.509
Nijlen · Eq €428,674
ARTNATION
BE 0809.986.127
Oostende · Eq €427,355
Y-lines
BE 0672.965.610
Nijlen · Eq €501,163
DOUBLE M.P.
BE 0872.497.578
Opwijk · Eq €510,952
Of 671 companies in sector 90392 we hold annual accounts for 207. 118 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-09-2000
Fiscal year end31-03
Activities, NACEBEL 2025
90392Design and construction of stages and sets
16230Manufacture of other builders' carpentry and joinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472700202
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.