Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MothChi is 0.8% (low). The 2025 annual accounts show equity of €34k and a net result of €-6k. Equity is shrinking by ~33.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 73% of 280 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.8%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidencePersistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-10-2025, 29 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-03-2025 | 31-10-2025 | 02-10-2025 | 29 d early | 2025-00536361 |
| 31-03-2024 | 31-10-2024 | 16-10-2024 | 15 d early | 2024-00508898 |
| 31-03-2023 | 31-10-2023 | 26-10-2023 | 5 d early | 2023-00493769 |
| 31-03-2022 | 31-10-2022 | 28-10-2022 | 3 d early | 2022-20485747 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-6k+80.0%
Working capital€39k-3.6%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 02-10-2025 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 63 · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.4% | 58.1% | |
| Net result | €-6k | €31k | |
| Equity | €34k | €51k | |
| Gross operating margin | €-6k | €50k | |
| Total assets | €43k | €123k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P73
Stable position over 2022-2025
· n=280-817
P11
Stable position over 2022-2025
· n=280-816
P42
Weakening position over 2022-2025
· n=280-817
P5
Stable position over 2022-2025
· n=279-816
Describes the position versus peers, not a forecast.
€-6k
+80.0%
22-25
€43k
+4.8%
22-25
€34k
-15.9%
22-25
€39k
-3.6%
22-25
€9k
+916.3%
22-25
€4k
+480.7%
22-25
10.39
-81.9%
22-25
10.39
-81.9%
22-25
78.4%
-19.8%
22-25
0.28
+1109.1%
22-25
-19.0%
+76.2%
22-25
-14.9%
+80.9%
22-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-6k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €43k |
| Equity | €34k |
| Debt | €9k |
| of which ≤ 1y | €4k |
| of which > 1y | - |
| Working capital | €39k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 10.39 |
| Quick ratio | 10.39 |
| Working capital ratio | 90.4% |
| Solvency | 78.4% |
| Debt / equity | 0.28 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -14.9% |
| ROE | -19.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €43k |
| Current assets | 29/58 | €43k |
| Amounts receivable within one year | 40/41 | €12k |
| Cash & bank | 54/58 | €31k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €43k |
| Equity | 10/15 | €34k |
| Contributions / capital | 10/11 | €120k |
| Accumulated profits (losses) | 14 | €-86k |
| Amounts payable | 17/49 | €9k |
| Amounts payable within one year | 42/48 | €4k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-6k |
| Operating result | 9901 | €-6k |
| Financial charges | 65 | €67 |
| Result before taxes | 9903 | €-6k |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed70
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
1 directorCurrent directors & mandates
-
Current15-07-2021 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Overige dienstverlenende activiteiten op het gebied van informatie(63920) |
| Legal form | Private limited company(610) |
| Incorporation | 08-04-2021 |
| Status | Active |
| Postal code | 9050 |
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Ledebergstraat 679050 GentParcels1
Ground area274 m²
Buildings1
Building footprint102 m²
Volume (LiDAR)973 m³
Tallest building15.1 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0264/00X005 | Flanders | 274 m² | 1 · 102 m² | 15.1 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
6 acts Address history · 1
10-03-2023
v3.2
All acts · 6
updated 3 months ago
2026
05-05-2026 Merger · Accounting effect · Officer appointment · Power of attorney
- Filing: 2026-04-07 · MothChi
- Merger: date: 2026-03-04, type: fusion_by_takeoverproposed · LeapStation
- Accounting effect: 2026-01-01proposed · MothChi
- Officer appointment: role: bestuurder, permanent_rep: Steven Van den Bergheproposed · Leap Innovation Consulting
- Officer appointment: role: bestuurderproposed · George DE FEU
- Officer appointment: role: bestuurder, permanent_rep: Etienne Maeriënproposed · DRI3M
- Officer appointment: role: bestuurderproposed · Etienne Maeriën
- Officer appointment: role: bestuurderproposed · Dries Hens
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteitenproposed · LeapStation
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteitenproposed · MothChi
- Statute amendment: description: aanpassing voorwerp en statuten in lijn met aandeelhoudersovereenkomstproposed · LeapStation
- Share distribution: description: titularis van alle aandelenproposed · LeapStation
- Real estate declarationproposed · MothChi
- Publication: 2026-05-05
- Act object: NEERLEGGING FUSIEVOORSTEL
Summary:
Merger · Accounting effect · Officer appointment · Power of attorney
05-05-2026 Officer appointment · Mandate compensation · Permanent representative · Merger
- Filing: 2026-04-07 · LeapStation
- Publication: 2026-05-05 · LeapStation
- Officer appointment: role: bestuurder, duration: onbepaalde duur, start_date: 2026-02-20proposed · Georges DE FEU
- Officer appointment: role: bestuurder, duration: onbepaalde duur, start_date: 2026-02-20proposed · DRI3M BV
- Mandate compensation: onbezoldigdproposed · Georges DE FEU
- Mandate compensation: onbezoldigdproposed · DRI3M BV
- Permanent representative: vast vertegenwoordigdproposed · Etienne MAERIËN
- Merger: type: fusie door overneming, proposal_date: 2026-03-04proposed · LeapStation
- Accounting effect: 2026-01-01proposed · MothChi
- Officer appointment: role: bestuurderproposed · Leap Innovation Consulting BV
- Permanent representative: vast vertegenwoordigdproposed · Steven Van den Berghe
- Officer appointment: role: bestuurderproposed · Georges DE FEU
- Officer appointment: role: bestuurderproposed · DRI3M BV
- Permanent representative: vast vertegenwoordigdproposed · Etienne MAERIËN
- Officer appointment: role: bestuurderproposed · Etienne MAERIËN
- Officer appointment: role: bestuurderproposed · Dries Hens
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteiten, granted_by: bestuursorganen van de OVERNEMENDE VENNOOTSCHAP en de OVER TE NEMEN VENNOOTSCHAPproposed · MOORE FINANCE & TAX BV
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteiten, granted_by: bestuursorganen van de OVERNEMENDE VENNOOTSCHAP en de OVER TE NEMEN VENNOOTSCHAPproposed · Tanja De Naeyer
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteiten, granted_by: bestuursorganen van de OVERNEMENDE VENNOOTSCHAP en de OVER TE NEMEN VENNOOTSCHAPproposed · Dominique Jaminet
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteiten, granted_by: bestuursorganen van de OVERNEMENDE VENNOOTSCHAP en de OVER TE NEMEN VENNOOTSCHAPproposed · Kaat Willems
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteiten, granted_by: bestuursorganen van de OVERNEMENDE VENNOOTSCHAP en de OVER TE NEMEN VENNOOTSCHAPproposed · Marie Decloedt
- Power of attorney: purpose: neerleggen fusievoorstel en vervullen formaliteiten, granted_by: bestuursorganen van de OVERNEMENDE VENNOOTSCHAP en de OVER TE NEMEN VENNOOTSCHAPproposed · Nicolas Roels
- Act object: BENOEMING BESTUURDERS - NEERLEGGING FUSIEVOORSTEL
Summary:
Officer appointment · Mandate compensation · Permanent representative · Merger
2024
26-11-2024 Change in the board of directors
Summary:
v3.2
2023
10-03-2023 Registered office moved from Gent to Ledeberg
2021
08-11-2021 Robert VAN ACKER appointed as director
12-04-2021 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes64
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
58
Stability
94
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Company registry
Company registry (CBE)
Crossroads BankActivities
Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Ontwerpen en programmeren van computerprogramma's62010Beheer van computerfaciliteiten62030Overige diensten op het gebied van informatietechnologie en computer62090Ontwerpen van computerprogramma’s62100Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Overige diensten op het gebied van informatietechnologie en computer62900Speur- en ontwikkelingswerk op biotechnologisch gebied72101Speur- en ontwikkelingswerk op biotechnologisch gebied72110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | MothChi |
Registered office
Ledebergstraat 67
9050 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.