MOREAU DISTRIBUTION
ActiveMOREAU DISTRIBUTION has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €-4k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-65
Solvency89▼-5
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.99 in 2024), but 51.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.8%
Return on assets
-1.1%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-11-2025, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
64 d early
2023
63 d early
2022
46 d early
2021
56 d early
2019
1 d early
2018
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▼ 2.4%
2024 · €170k
2018: €119k
2019: €116k
2021: €88k
2022: €138k
2023: €148k
2024: €170k
2018 → 2025
Total assets
€340k▼ 1.8%
2024 · €346k
2018: €371k
2019: €363k
2021: €345k
2022: €378k
2023: €359k
2024: €346k
2018 → 2025
Net result
€-4k
2024 · €22k
2018: €2k
2019: €10k
2021: €-27k
2022: €50k
2023: €11k
2024: €22k
2018 → 2025
Working capital
€97k▼ 16.0%
2024 · €116k
2018: €48k
2019: €85k
2021: €91k
2022: €110k
2023: €103k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€138k▲ 56.9%€148k▲ 7.8%€170k▲ 14.6%€166k▼ 2.4%
Operating result€-15k-€71k€26k▼ 62.7%€38k▲ 45.2%€6k▼ 85.6%
Net result€-27k-€50k€11k▼ 78.1%€22k▲ 99.9%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340k
Fixed assets
€115k▲ 2.1%
Current assets
€224k▼ 3.6%
Equity and liabilities €340k
Equity
€166k▼ 2.4%
Debt
€174k▼ 1.1%
The debt ratio rises from 50.9% to 51.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€20k▼
2024 · €51k
Cash flow
€11k▼
2024 · €34k
Solvency
48.8%▼
2024 · 49.1%
Current ratio
1.76▼
2024 · 1.99
Quick ratio
0.53▼
2024 · 0.69
Debt / equity
1.05▲
2024 · 1.03
ROE
-2.2%▼
2024 · 13.0%
ROA
-1.1%▼
2024 · 6.4%
Interest coverage
2.18▼
2024 · 6.01
Debt
€174k▼
2024 · €176k
Debt ≤ 1 year
€127k▲
2024 · €117k
Debt > 1 year
€46k▼
2024 · €58k
Income taxes
€352▼
2024 · €9k
Staff costs
€17k▲
2024 · €15k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€346k€340k▼
Fixed assets21/28€113k€115k▲
Intangible fixed assets21€997€554▼
Tangible fixed assets22/27€112k€115k▲
Land and buildings22€96k€103k▲
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€2k€486▼
Financial fixed assets28€50€50=
Current assets29/58€233k€224k▼
Stocks and contracts in progress3€152k€157k▲
Stocks30/36€152k€157k▲
Amounts receivable within one year40/41€8k€15k▲
Trade receivables40€8k€8k▲
Other amounts receivable41-€7k
Cash at bank and in hand54/58€69k€48k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€346k€340k▼
Equity10/15€170k€166k▼
Contributions10/11€19k€19k=
Reserves13€82k€82k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€80k€80k=
Profit (loss) carried forward14€68k€64k▼
Investment grants15€2k€1k▼
Amounts payable17/49€176k€174k▼
Amounts payable after more than one year17€58k€46k▼
Financial debts170/4€58k€46k▼
Amounts payable within one year42/48€117k€127k▲
Current portion of amounts payable after more than one year42€32k€28k▼
Trade debts44€29k€27k▼
Suppliers440/4€29k€27k▼
Taxes, remuneration and social security45€11k€26k▲
Taxes450/3€9k€16k▲
Remuneration and social security454/9€1k€10k▲
Other amounts payable47/48€46k€46k=
Accrued charges and deferred income492/3€850€850=
Income statement
Code20242025
Remuneration, social security and pensions62€15k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€8k€8k▼
Gross operating margin9900€73k€45k▼
Operating profit (loss)9901€38k€6k▼
Financial income75/76B€500€342▼
Recurring financial income75€500€342▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€31k€-3k▼
Income taxes67/77€9k€352▼
Profit (loss) for the period9904€22k€-4k▼
Profit (loss) for the period to be appropriated9905€22k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€64k▼
Profit (loss) brought forward from the previous period14P€68k€68k=
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €150kEq €170k ▲14.6%
3 profitable years in a row build equity to €170k.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
30-06
Financial
Equity above €100kEq €138k ▲56.9%
Equity rises from €88k to €138k.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-27k ▼389%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Courcelles · 1 establishment unit since 1997
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.
Rue de Gosselies(TR) 1736183 CourcellesGround area
185 m²
Building footprint
60 m²
Volume, LiDAR
551 m³
Parcel 52066A0341/00Z004, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Gosselies(TR) 173, 6183 Courcelles
since 19972.082.025.420
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066A0341/00Z004indicative | Wallonia | 185 m² | 1 · 60 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Ça roule ma poule
BE 0819.076.908
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Dekado
BE 0542.600.875
Zwevegem · Eq €160k
ETS. PAUWELS-JAMOTTE
BE 0424.968.975
Flémalle · Eq €158k
MGBI
BE 0537.230.243
Brussel · Eq €149k
KAAIMAN LIFESTYLE
BE 0871.965.563
Kontich · Eq €187k
Of 227 companies in sector 46497 we hold annual accounts for 101. 72 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-1997
Fiscal year end30-06
Activities, NACEBEL
46497Wholesale trade
51476
47640Retail sale of games and toys
47650Retail trade
52489
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.