MOTOWN DEVELOPMENT
ActiveMOTOWN DEVELOPMENT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-4.77M) and a net result of €-439k. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 4625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
0
/ 100
Critical▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▲+12
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.46 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Return on assets
-113.3%
Age of the figures
20 mo
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€4.8M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
30 d late
2021
8 d late
2020
30 d late
2019
62 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-439k▼ 50.2%
2023 · €-293k
2018: €-479
2019: €-992k
2020: €-683k
2021: €-1.74M
2022: €-651k
2023: €-293k
2018 → 2024
Working capital
€-972k▼ 62.0%
2023 · €-600k
2018: €181k
2019: €451k
2020: €672k
2021: €-14k
2022: €-204k
2023: €-600k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-1.66M-€-3.39M▼ 105%€-4.04M▼ 19.0%€-4.33M▼ 7.3%€-4.77M▼ 10.2%
Operating result€-629k-€-1.65M▼ 162%€-541k▲ 67.3%€-80k▲ 85.2%€-221k▼ 177%
Net result€-683k-€-1.74M▼ 154%€-651k▲ 62.5%€-293k▲ 55.1%€-439k▼ 50.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €221k in 2024 against €80k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €388k
Fixed assets
€272k▼ 12.8%
Current assets
€116k▼ 77.4%
Key figures and ratios
EBITDA
€-174k▼
2023 · €-42k
Cash flow
€-392k▼
2023 · €-255k
Current ratio
0.11▼
2023 · 0.46
Quick ratio
0.11▼
2023 · 0.46
Debt / equity
-1.08▲
2023 · -1.19
ROE
9.2%▲
2023 · 6.8%
ROA
-113.3%▼
2023 · -35.5%
Interest coverage
-0.80▼
2023 · -0.20
Debt
€5.16M▲
2023 · €5.15M
Debt ≤ 1 year
€1.09M▼
2023 · €1.11M
Debt > 1 year
€4.07M▲
2023 · €4.04M
Income taxes
€2k▲
2023 · €1k
Staff costs
€146k▲
2023 · €143k
A ratio outside any meaningful range has been withheld (balance sheet total €388k, equity €-4.77M).
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€824k€388k▼
Fixed assets21/28€312k€272k▼
Intangible fixed assets21€20k€13k▼
Tangible fixed assets22/27€292k€259k▼
Furniture and vehicles24€18k€10k▼
Other tangible fixed assets26€274k€249k▼
Financial fixed assets28€176€176=
Current assets29/58€512k€116k▼
Amounts receivable within one year40/41€392k€22k▼
Trade receivables40€390k€22k▼
Other amounts receivable41€2k€553▼
Cash at bank and in hand54/58€81k€93k▲
Deferred charges and accrued income490/1€39k-
Equity and liabilities
Total equity and liabilities10/49€824k€388k▼
Equity10/15€-4.33M€-4.77M▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€54€54=
Non-distributable reserves130/1€54€54=
Other1319€54€54=
Profit (loss) carried forward14€-4.35M€-4.79M▼
Investment grants15€4k€3k▼
Provisions and deferred taxes16€1k€998▼
Deferred taxes168€1k€998▼
Amounts payable17/49€5.15M€5.16M▲
Amounts payable after more than one year17€4.04M€4.07M▲
Financial debts170/4€4.04M€4.07M▲
Amounts payable within one year42/48€1.11M€1.09M▼
Current portion of amounts payable after more than one year42€937k€938k▲
Trade debts44€142k€87k▼
Suppliers440/4€142k€87k▼
Taxes, remuneration and social security45€33k€62k▲
Taxes450/3€13k€45k▲
Remuneration and social security454/9€20k€17k▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Non-recurring operating income76A€252k-
Remuneration, social security and pensions62€143k€146k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€47k▲
Other operating charges640/8€52k€56k▲
Non-recurring operating charges66A€98k-
Gross operating margin9900€250k€28k▼
Operating profit (loss)9901€-80k€-221k▼
Financial income75/76B€1k€1k=
Recurring financial income75€1k€1k=
Financial charges65/66B€213k€218k▲
Recurring financial charges65€213k€218k▲
Profit (loss) for the period before taxes9903€-292k€-438k▼
Transfer from deferred taxes780€499€499=
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-293k€-439k▼
Profit (loss) for the period to be appropriated9905€-293k€-439k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4.35M€-4.79M▼
Profit (loss) brought forward from the previous period14P€-4.06M€-4.35M▼
Social balance
Average headcount (FTE)9087-2.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Weakest financial yearnet €-1.74M
Net result drops to €-1.74M, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 1 establishment unit since 2017
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.
Louizalaan 4891050 ElseneGround area
2,858 m²
Building footprint
2,618 m²
Volume, LiDAR
60,021 m³
2 parcels, Brussels · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
MOTOWN DEVELOPMENT
since 20172.263.056.916
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
| 21807G0211/00S012 | Brussels | 1,025 m² | 1 · 786 m² | 41.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
N WOLF SOLUTIONS
BE 0764.868.358
Ramillies · Eq €19k
ZKR Consulting
BE 1029.210.976
Brussel · Eq €19k
CONSULTAM
BE 0742.912.112
Seraing · Eq €19k
VER & CO
BE 0533.799.611
Perwez · Eq €19k
Humilitas
BE 0778.449.051
Liège · Eq €19k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 30,074 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:laurie.lacour@motowndevelopment.com
Phone:026261520