Skip to content

MOTORMEN

Active
Private limited companyfounded 2011active for 14 yearsKorte Torhoutstraat 35, 8900 Ieper, BelgiumKBO/BCE: BE 0840.899.730
Summary

MOTORMEN has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6,809 and a net result of €19,205. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 34% of 3,022 sector peers (NACE 93, financial year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Activity
Other sports activities
NACE 93199
1 site
Size
€75,651total assets 2024
Equity
€6,809
Profit
€19,205
Turnover not published (micro format)
Financial health
63 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Largest shareholder
DECLERCQ MD · 33.33%
Accounts 71 days overdue1 of 8 deeds read
Why 63raises riskFigures for financial year 2024 (filed 17-07-2025)Liquidity: current ratio 1.07, cash €3,792lowers riskSize: total assets €75,651Sector: Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2024
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 45% of its sector peers (NACE 93, micro)
Financial strength · tick = 2023
Weak
Solvency 34+25
equity 9.0% of total assets
Liquidity 6+2
short-term debt 91.0% · cash 5.0%
Profitability 67+67
return on assets 25.4%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,253 companies, NACE 93, micro)
Last 24 months 11-2024: 2.0%highest value 12-2024: 2.0%● unchanged vs 11-2024highest value 01-2025: 1.9%▼ -0.1 percentage points vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.8%▼ -0.1 percentage points vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.7%▼ -0.1 percentage points vs 05-2025 07-2025: 1.9%▲ +0.2 percentage points vs 06-2025 08-2025: 0.3%▼ -1.6 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026lowest value 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.4 percentage points vs 07-2026 09-2026: 1.0%▲ +0.2 percentage points vs 08-2026 10-2026: 1.5%▲ +0.5 percentage points vs 09-2026
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 93, micro): better than 33% on solvency, 9% on liquidity, 44% on profitability and 94% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for financial year 2024 (filed 17-07-2025)
NBB · annual accounts
lowers risk · Size: total assets €75,651
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
raises risk · Liquidity: current ratio 1.07, cash €3,792
NBB · annual accounts
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
14 days early
2023
16 days early
2022
31 days early
2021
31 days late
2020
33 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 days before the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: BV Penasse Consulting (manager)Reappointment: BV Penasse Consulting (non-statutory…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Back to profitnet €19,205

Key points

  • Positive: Back in profit in 2024after -€52,142 in 2023 €19,205 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • One director decidessole director in office 1 View

By topic

Financials

Financial year
2024
Total assets
€75,651
Profit
€19,205
Solvency
9.0%
Total assets▼ 3.4%
Net result
20182024
Go to Financials

Board & ownership

Board
1 member
Largest shareholder
DECLERCQ MD · 33.33%
  • penasse consultingDirector
Go to Board & ownership

Timeline

Events
17
Since
2013
  1. 15-07-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 30-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other sports activitiesNACE 93199
Founded
28-10-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Financial year
From 1 April to 31 March
Annual meeting
Last Saturday of September at 10:00
Go to Articles of association

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.