MOTEC
ActiveMOTEC has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €787k and a net result of €91k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 288 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+1
Solvency100=
Growth64▼-1
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 7.56 against 6.48 in 2023; short-term debt: 12.5% and cash: 67% of total assets), and 12.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← 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 2024Solvency, return and age of the figures
Solvency
87.5%
Return on assets
10.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
75 d early
2022
55 d early
2021
59 d early
2020
44 d early
2019
58 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€386k▼ 6.7%
2023 · €414k
2018: €367k
2019: €402k
2020: €296k
2021: €322k
2022: €395k
2023: €414k
2018 → 2024
EBIT margin
32.9%▲ 8.9pp
2023 · 24.0%
2018: 23.8%
2019: 17.2%
2020: 19.2%
2021: 25.5%
2022: 25.8%
2023: 24.0%
2018 → 2024
Net result
€91k▲ 18.8%
2023 · €77k
2018: €73k
2019: €52k
2020: €34k
2021: €66k
2022: €92k
2023: €77k
2018 → 2024
Working capital
€738k▲ 16.7%
2023 · €632k
2018: €551k
2019: €626k
2020: €341k
2021: €459k
2022: €540k
2023: €632k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€296k-€322k▲ 8.8%€395k▲ 22.6%€414k▲ 4.6%€386k▼ 6.7%
Equity€423k-€527k▲ 24.4%€619k▲ 17.5%€696k▲ 12.4%€787k▲ 13.1%
Operating result€57k-€82k▲ 44.7%€102k▲ 23.8%€99k▼ 2.5%€127k▲ 27.8%
Net result€34k-€66k▲ 91.5%€92k▲ 39.5%€77k▼ 16.5%€91k▲ 18.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €900k
Fixed assets
€49k▼ 23.1%
Current assets
€851k▲ 13.8%
Equity and liabilities €900k
Equity
€787k▲ 13.1%
Debt
€113k▼ 2.5%
The debt ratio falls from 14.2% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142k▲
2023 · €115k
Cash flow
€106k▲
2023 · €92k
Solvency
87.5%▲
2023 · 85.8%
Current ratio
7.56▲
2023 · 6.48
Quick ratio
6.89▲
2023 · 5.71
Debt / equity
0.14▼
2023 · 0.17
ROE
11.6%▲
2023 · 11.0%
ROA
10.2%▲
2023 · 9.5%
Interest coverage
1198.67▼
2023 · 1401.18
Debt
€113k▼
2023 · €116k
Debt ≤ 1 year
€113k▼
2023 · €115k
Income taxes
€36k▲
2023 · €29k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€811k€900k▲
Fixed assets21/28€64k€49k▼
Tangible fixed assets22/27€64k€49k▼
Land and buildings22€33-
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€145€13▼
Other tangible fixed assets26€44k€35k▼
Current assets29/58€748k€851k▲
Stocks and contracts in progress3€89k€75k▼
Stocks30/36€89k€75k▼
Amounts receivable within one year40/41€86k€72k▼
Trade receivables40€86k€72k▼
Other amounts receivable41€4€4▲
Current investments50/53-€100k
Cash at bank and in hand54/58€572k€603k▲
Deferred charges and accrued income490/1€1k€384▼
Equity and liabilities
Total equity and liabilities10/49€811k€900k▲
Equity10/15€696k€787k▲
Contributions10/11€19k€19k=
Reserves13€675k€765k▲
Distributable reserves133€675k€765k▲
Profit (loss) carried forward14€2k€3k▲
Amounts payable17/49€116k€113k▼
Amounts payable within one year42/48€115k€113k▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€19k€24k▲
Taxes450/3€16k€24k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€90k€86k▼
Accrued charges and deferred income492/3€199€115▼
Income statement
Code20232024
Turnover70€414k€386k▼
Goods, raw materials, services and sundry goods60/61€303k€249k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€797€818▲
Gross operating margin9900€116k€143k▲
Operating profit (loss)9901€99k€127k▲
Financial income75/76B€7k€843▼
Recurring financial income75€756€843▲
Non-recurring financial income76B€6k-
Financial charges65/66B€82€118▲
Recurring financial charges65€82€118▲
Non-recurring financial charges66B€0€0▲
Profit (loss) for the period before taxes9903€106k€128k▲
Income taxes67/77€29k€36k▲
Profit (loss) for the period9904€77k€91k▲
Profit (loss) for the period to be appropriated9905€77k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€93k▲
Profit (loss) brought forward from the previous period14P€241€2k▲
Transfer to equity691/2€75k€90k▲
To other reserves6921€75k€90k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €92k ▲39.5%
Net result €92k, the highest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €527k ▲24.4%
4 profitable years in a row build equity to €527k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €34k ▼33.2%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 44.75
Current ratio from 20.12 to 44.75; short-term debt falls from €29k to €14k.
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oud-Turnhout · 1 establishment unit since 1988
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.
Heerestraat 892360 Oud-TurnhoutGround area
276 m²
Building footprint
116 m²
Volume, LiDAR
743 m³
Parcel 13031C0560/00D000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MOTEC BVBA
since 19882.041.437.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0560/00D000 | Flanders | 276 m² | 1 · 116 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 262 companies in sector 27110 we hold annual accounts for 173. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-1988
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
52720
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.