Equity
€291,881 ▼ 0.3%
MOTEUR-RECTIFICATION-DEVELOPPEMENT has made a profit without a break since 2020.
MOTEUR-RECTIFICATION-DEVELOPPEMENT
Lifetime
20 annual accounts with figures on one time axis, 40 filings since 1986peak €87,200 (2023)
€43,042▼ 32.2%
lowest -€14,245 (2019)
€718▼ 97.7%
peak €292,693 (2024)
€291,881▼ 0.3%
€666,353▼ 5.0%
peak 1 FTE (2013)
-not published
Board2 names since 2021
2 directorsLIBIOUL Grégory and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €63,483 to €43,042Result from €30,764 to €718Cash from €130,452 to €89,249
Key points
from the 2025 annual accountsFilings
40 annual accounts since 1986
Ten of the last ten came late. The 2019 accounts came latest: 92 days after the end of the period.
Position in the sector
€291,881
More equity than 85% of companies in motor vehicles. Sector median €61,927 · 119 companies.
Checked score
93
Excellent
Financially stronger than 44% of micro companies in motor vehicles (NACE 29)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 228 companies (NACE 29, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.5 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €958,234
Founded in 1985
Figures for financial year 2025 (filed on 25-08-2026)
Liquidity: current ratio 6.28, cash €89,249
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 29, micro). It does better than 40% of them on solvency, 65% on liquidity, 41% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as MOTEUR-RECTIFICATION-DEVELOPPEMENT has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MOTEUR-RECTIFICATION-DEVELOPPEMENT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for MOTEUR-RECTIFICATION-DEVELOPPEMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.28 (4.74 in 2024), above the usual 1.5. Short-term debt is 6.5% and cash 9.3% of total assets. However, 69.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
28 days late
2023
29 days late
2022
40 days late
2021
59 days late
2020
88 days late
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 52 days after the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0428104055
Registered office moved within Hannut
New registered office: Rue de France 9 à 4280 Hannut · Previous registered office: Rue de Huy 49 à 4280 HANNUT · General meeting of 31-03-2021 · Gazette deed
Incorporation
published on 20-12-1985 · Gazette deed
First establishment
Rue de Huy 49, Hannut
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| MOTEUR-RECTIFICATION-DEVELOPPEMENT Hannut | €958,234 | €43,042 | 30.5% | - |
| MOTORENREVISIE MARRECAU Ledegem | €433,375 | €68,928 | 86.9% | - |
| EXPRESSION Comblain-au-Pont | €317,149 | €26,056 | 93.2% | - |
| GUTMANN PLASTICS BENELUX Houthalen-Helchteren | €220,660 | €83,743 | 65.2% | 4 |
| KODIFLEX Deinze | €347,214 | €69,157 | 94.9% | - |
| RECTILUX Habay | €455,052 | €137,992 | 74.1% | - |
| EUROPIPE Aartselaar | €421,932 | €15,325 | 94.3% | - |
These companies have the same main activity as MOTEUR-RECTIFICATION-DEVELOPPEMENT: manufacture of other parts and accessories for motor vehicles (NACE 29320). They are smaller than MOTEUR-RECTIFICATION-DEVELOPPEMENT: total assets between €221,000 and €455,000, founded between 1986 and 1999.
Official details
Source: KBO- Status
- Active since 26-11-1985Normal situation
- Activity
- Manufacture of other parts and accessories for motor vehiclesNACE 29320and 3 others
- Joint committee
- 112Garages · annual accounts 2022
- Establishment unit
- 2.028.311.1744280 Hannut, since 26-11-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on MOTEUR-RECTIFICATION-DEVELOPPEMENT
MOTEUR-RECTIFICATION-DEVELOPPEMENT files the micro format. That format states no turnover. The gross margin rose from €19,856 in 2006 to €43,042 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MOTEUR-RECTIFICATION-DEVELOPPEMENT
- What is the company number of MOTEUR-RECTIFICATION-DEVELOPPEMENT?
- The company number of MOTEUR-RECTIFICATION-DEVELOPPEMENT is 0428.104.055. The VAT number is the same number with BE in front: BE 0428.104.055.
- Where is MOTEUR-RECTIFICATION-DEVELOPPEMENT based?
- The registered office is at Rue de France 9, 4280 Hannut.Company details
- What does MOTEUR-RECTIFICATION-DEVELOPPEMENT do?
- According to the KBO register, the main activity is manufacture of other parts and accessories for motor vehicles (NACE 29320).
- What is the legal form of MOTEUR-RECTIFICATION-DEVELOPPEMENT?
- MOTEUR-RECTIFICATION-DEVELOPPEMENT is a private limited company (BV).
- When was MOTEUR-RECTIFICATION-DEVELOPPEMENT founded?
- MOTEUR-RECTIFICATION-DEVELOPPEMENT was founded on 26-11-1985.
- Is MOTEUR-RECTIFICATION-DEVELOPPEMENT still active?
- Yes, MOTEUR-RECTIFICATION-DEVELOPPEMENT is an active enterprise in the KBO register.
- How many employees does MOTEUR-RECTIFICATION-DEVELOPPEMENT have?
- MOTEUR-RECTIFICATION-DEVELOPPEMENT had an average of 1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does MOTEUR-RECTIFICATION-DEVELOPPEMENT fall under?
- In its 2022 annual accounts, MOTEUR-RECTIFICATION-DEVELOPPEMENT states joint committee 112 (Garages).
- What is the turnover of MOTEUR-RECTIFICATION-DEVELOPPEMENT?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €43,042 and 2,934 comparable companies of the same size. It probably lies between €100,000 and €310,000. It is a rough estimate.
- Is MOTEUR-RECTIFICATION-DEVELOPPEMENT profitable?
- In financial year 2025, MOTEUR-RECTIFICATION-DEVELOPPEMENT made a profit of €718.
- Where can I find the annual accounts of MOTEUR-RECTIFICATION-DEVELOPPEMENT?
- MOTEUR-RECTIFICATION-DEVELOPPEMENT filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MOTEUR-RECTIFICATION-DEVELOPPEMENT due?
- MOTEUR-RECTIFICATION-DEVELOPPEMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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