MOTIVE
ActiveSummary
MOTIVE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,770 and a net result of €12,367. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 63% of 639 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency83▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.8 against 2.5 in 2024; short-term debt: 30.7% and cash: 31.3% of total assets), and 41.5% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
58.5%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
77 d early
2023
1 d early
2022
18 d early
2021
2 d early
2020
31 d late
2019
28 d late
← 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 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 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
Equity
€260,770▲ 5.0%
2024 · €248,403
Total assets
€446,078▼ 4.4%
2024 · €466,596
Net result
€12,367▲ 242%
2024 · €3,614
Working capital
€247,087▲ 6.6%
2024 · €231,728
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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€45,725▲ 6.9%€4,251▼ 90.7%€11,270▲ 165%€4,672▼ 58.5%€18,449▲ 295%
Net result€22,416within the sector's middle half▼ 31.8%-€32within the sector's middle half€4,593within the sector's middle half€3,614within the sector's middle half▼ 21.3%€12,367within the sector's middle half▲ 242%
Equity€240,228within the sector's middle half▼ 11.3%€240,196above the sector's middle half=€244,789within the sector's middle half▲ 1.9%€248,403within the sector's middle half▲ 1.5%€260,770within the sector's middle half▲ 5.0%
Total assets€571,658within the sector's middle half▲ 11.6%€656,591above the sector's middle half▲ 14.9%€509,923within the sector's middle half▼ 22.3%€466,596within the sector's middle half▼ 8.5%€446,078within the sector's middle half▼ 4.4%
Debt€331,430▲ 37.2%€416,395▲ 25.6%€265,134▼ 36.3%€218,193▼ 17.7%€185,307▼ 15.1%
Working capital€195,585within the sector's middle half▼ 10.8%€212,572above the sector's middle half▲ 8.7%€224,249within the sector's middle half▲ 5.5%€231,728within the sector's middle half▲ 3.3%€247,087within the sector's middle half▲ 6.6%
Solvency42.0%within the sector's middle half▼ 10.8pp36.6%within the sector's middle half▼ 5.4pp48.0%within the sector's middle half▲ 11.4pp53.2%within the sector's middle half▲ 5.2pp58.5%within the sector's middle half▲ 5.2pp
Current ratio1.87within the sector's middle half▼ 1.081.66within the sector's middle half▼ 0.222.20within the sector's middle half▲ 0.542.50within the sector's middle half▲ 0.302.80within the sector's middle half▲ 0.30
Return on assets (ROA)3.9%within the sector's middle half▼ 2.5pp0.0%within the sector's middle half▼ 3.9pp0.9%within the sector's middle half▲ 0.9pp0.8%within the sector's middle half▼ 0.1pp2.8%within the sector's middle half▲ 2.0pp
Staff (FTE)4.8within the sector's middle half=4.5▼ 6.3%4.2within the sector's middle half▼ 6.7%3.6within the sector's middle half▼ 14.3%2.7within the sector's middle half▼ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 295% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,078
Fixed assets
€61,997 ▼ 22.9%
Current assets
€384,080 ▼ 0.6%
Equity and liabilities €446,078
Equity
€260,770 ▲ 5.0%
Debt
€185,307 ▼ 15.1%
Debt's share of the balance-sheet total falls from 46.8% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,813▲
2024 · €23,037
Cash flow
€30,732▲
2024 · €21,978
Debt to equity
0.71▼
2024 · 0.88
ROE
4.7%▲
2024 · 1.5%
Interest coverage
21.02▲
2024 · 12.69
Debt ≤ 1 year
€136,994▼
2024 · €154,506
Debt > 1 year
€47,914▼
2024 · €63,128
Income taxes
€6,676▲
2024 · €4,417
Staff costs
€148,237▼
2024 · €191,438
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €203,043 | €222,362 | €212,031 | €191,438 | €148,237 | ▼ 22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,904 | €31,769 | €21,988 | €18,364 | €18,364 | = |
| Other operating charges640/8 | €518 | €632 | €735 | €838 | €531 | ▼ 36.6% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €286,190 | €259,014 | €246,024 | €215,313 | €185,581 | ▼ 13.8% |
| Operating profit (loss)9901 | €45,725 | €4,251 | €11,270 | €4,672 | €18,449 | ▲ 295% |
| Financial income75/76B | €4 | €0 | €9 | €5,173 | €2,346 | ▼ 54.7% |
| Recurring financial income75 | €4 | €0 | €9 | €5,173 | €2,346 | ▼ 54.7% |
| Financial charges65/66B | €1,920 | €1,875 | €1,695 | €1,815 | €1,752 | ▼ 3.5% |
| Recurring financial charges65 | €1,920 | €1,875 | €1,695 | €1,815 | €1,752 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €43,809 | €2,376 | €9,583 | €8,031 | €19,043 | ▲ 137% |
| Income taxes67/77 | €21,393 | €2,408 | €4,990 | €4,417 | €6,676 | ▲ 51.2% |
| Profit (loss) for the period9904 | €22,416 | -€32 | €4,593 | €3,614 | €12,367 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €22,416 | -€32 | €4,593 | €3,614 | €12,367 | ▲ 242% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €571,658 | €656,591 | €509,923 | €466,596 | €446,078 | ▼ 4.4% |
| Fixed assets21/28 | €152,483 | €120,714 | €98,726 | €80,362 | €61,997 | ▼ 22.9% |
| Intangible fixed assets21 | €6,998 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €145,485 | €120,714 | €98,726 | €80,362 | €61,997 | ▼ 22.9% |
| Land and buildings22 | €42,817 | €41,534 | €40,250 | €38,967 | €37,684 | ▼ 3.3% |
| Furniture and vehicles24 | €15,726 | €10,359 | €4,992 | €3,248 | €1,505 | ▼ 53.7% |
| Leasing and similar rights25 | €2,463 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €84,479 | €68,822 | €53,484 | €38,147 | €22,809 | ▼ 40.2% |
| Current assets29/58 | €419,175 | €535,877 | €411,197 | €386,234 | €384,080 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €24,936 | €37,680 | €80,465 | €79,805 | €65,752 | ▼ 17.6% |
| Trade receivables40 | €23,621 | €19,087 | €76,864 | €77,669 | €63,264 | ▼ 18.5% |
| Other amounts receivable41 | €1,315 | €18,592 | €3,602 | €2,135 | €2,488 | ▲ 16.5% |
| Current investments50/53 | €76,800 | €76,800 | €226,800 | €226,800 | €176,800 | ▼ 22.0% |
| Cash at bank and in hand54/58 | €315,104 | €419,907 | €102,485 | €76,822 | €139,721 | ▲ 81.9% |
| Deferred charges and accrued income490/1 | €2,334 | €1,491 | €1,447 | €2,808 | €1,807 | ▼ 35.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €571,658 | €656,591 | €509,923 | €466,596 | €446,078 | ▼ 4.4% |
| Equity10/15 | €240,228 | €240,196 | €244,789 | €248,403 | €260,770 | ▲ 5.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €220,228 | €220,196 | €224,789 | €228,403 | €240,770 | ▲ 5.4% |
| Non-distributable reserves130/1 | €78,800 | €78,800 | €76,800 | €76,800 | €76,800 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €0 | - | - | - |
| Own shares acquired1312 | €76,800 | €76,800 | €76,800 | €76,800 | €76,800 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €141,428 | €141,396 | €147,989 | €151,603 | €163,970 | ▲ 8.2% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €331,430 | €416,395 | €265,134 | €218,193 | €185,307 | ▼ 15.1% |
| Amounts payable after more than one year17 | €107,840 | €93,090 | €78,187 | €63,128 | €47,914 | ▼ 24.1% |
| Financial debts170/4 | €107,840 | €93,090 | €78,187 | €63,128 | €47,914 | ▼ 24.1% |
| Amounts payable within one year42/48 | €223,590 | €323,306 | €186,948 | €154,506 | €136,994 | ▼ 11.3% |
| Current portion of amounts payable after more than one year42 | €19,685 | €13,527 | €13,667 | €15,058 | €15,215 | ▲ 1.0% |
| Trade debts44 | €111,673 | €279,982 | €143,250 | €93,999 | €82,874 | ▼ 11.8% |
| Suppliers440/4 | €111,673 | €279,982 | €143,250 | €93,999 | €82,874 | ▼ 11.8% |
| Taxes, remuneration and social security45 | €38,936 | €28,424 | €27,825 | €42,727 | €34,456 | ▼ 19.4% |
| Taxes450/3 | €11,242 | €4,673 | €5,606 | €5,403 | €5,508 | ▲ 1.9% |
| Remuneration and social security454/9 | €27,694 | €23,751 | €22,218 | €37,324 | €28,948 | ▼ 22.4% |
| Other amounts payable47/48 | €53,295 | €1,373 | €2,206 | €2,721 | €4,449 | ▲ 63.5% |
| Accrued charges and deferred income492/3 | €0 | - | - | €559 | €400 | ▼ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,416 | -€32 | €4,593 | €3,614 | €12,367 | ▲ 242% |
| + Depreciation and write-downs630 | €36,904 | €31,769 | €21,988 | €18,364 | €18,364 | = |
| Operating cash flow (approximation) | €59,320 | €31,737 | €26,581 | €21,978 | €30,732 | ▲ 39.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €104,802 | -€317,422 | -€25,663 | €62,899 | ▲ 345% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4,593
Net result €4,593 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€32
Net result drops to -€32, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €32,887 ▲125%
Net result €32,887, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has 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
5 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, Zwevegem · 1 establishment unit since 1998
Ground area
5,654 m²
Building footprint
906 m²
Volume, LiDAR
84 m³
Parcel 34042A0501/00L008, Flanders · tallest building 1.7 m. Linked by address, not a title deed.
1 establishment unit
MOTIVE
since 19982.089.051.584
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0501/00L008 | Flanders | 5,654 m² | 1 · 906 m² | 1.7 m |
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.
Similar companies · same sector, comparable size
NELE FEYEN
BE 0820.034.931
Antwerpen · Eq €261,781
DON'T BE RUDE
BE 0894.323.469
Herk-de-Stad · Eq €258,643
MARECHAL ET MERCKX
BE 0442.920.014
Liège · Eq €257,081
PHILIPPE GREGOIRE
BE 0893.135.814
Vorst · Eq €255,945
ULYS
BE 0476.702.936
Oudergem · Eq €255,758
Of 3,838 companies in sector 74111 we hold annual accounts for 1,006. 803 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464469256
Also
9925:BE0464469256
Registered
02-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.