Motown Niel Construct
ActiveThe computed 12-month bankruptcy probability of Motown Niel Construct is 4.3% (elevated). The annual accounts of Motown Niel Construct for fiscal year 2024 show a net loss of 74% of the equity at the start of that year. The 2024 annual accounts show equity of €12k and a net result of €-33k. Its solvency ranks better than 10% of 1291 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-3
Solvency26▼-2
Growth32
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 23.74 against 1.69 in 2023; short-term debt: 4.2% and cash: 6.9% of total assets), but 99.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
Solvency
0.7%
Return on assets
-2.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2324
2023 to 2024 · latest year €-33k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1291 sector peers (2024).
NBB · sector comparisonPosition among 1291 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
2 d early
← 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
€-33k▼ 100%
2023 · €-17k
2023: €-17k
2023 → 2024
Working capital
€1.53M▲ 168%
2023 · €571k
2023: €571k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€45k-€12k▼ 74.0%
Operating result€-17k-€-33k▼ 100%
Net result€-17k-€-33k▼ 100%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2024 against €17k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.60M
Equity
€12k▼ 74.0%
Debt
€1.59M▲ 17.2%
The debt ratio rises from 96.8% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
0.7%▼
2023 · 3.2%
Current ratio
23.74▲
2023 · 1.69
Quick ratio
2.06▲
2023 · 0.28
ROE
-285.0%▼
2023 · -37.0%
ROA
-2.1%▼
2023 · -1.2%
Debt
€1.59M▲
2023 · €1.35M
Debt ≤ 1 year
€67k▼
2023 · €828k
Debt > 1 year
€1.52M▲
2023 · €526k
A ratio outside any meaningful range has been withheld (balance sheet total €1.60M, equity €12k).
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€1.40M€1.60M▲
Current assets29/58€1.40M€1.60M▲
Stocks and contracts in progress3€1.17M€1.46M▲
Stocks30/36€1.17M€1.46M▲
Amounts receivable within one year40/41€12k€29k▲
Other amounts receivable41€12k€29k▲
Cash at bank and in hand54/58€220k€110k▼
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.60M▲
Equity10/15€45k€12k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-17k€-50k▼
Amounts payable17/49€1.35M€1.59M▲
Amounts payable after more than one year17€526k€1.52M▲
Other amounts payable178/9€526k€1.52M▲
Amounts payable within one year42/48€828k€67k▼
Trade debts44€258k€67k▼
Suppliers440/4€258k€67k▼
Other amounts payable47/48€570k-
Income statement
Code20232024
Other operating charges640/8€732€387▼
Gross operating margin9900€-16k€-33k▼
Operating profit (loss)9901€-17k€-33k▼
Profit (loss) for the period before taxes9903€-17k€-33k▼
Profit (loss) for the period9904€-17k€-33k▼
Profit (loss) for the period to be appropriated9905€-17k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-50k▼
Profit (loss) brought forward from the previous period14P-€-17k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Liquidity times 14current ratio 23.74
Current ratio from 1.69 to 23.74; short-term debt falls from €828k to €67k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2022
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 BrusselGround 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 Niel Construct
since 20222.340.374.032
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.
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,038. 9,836 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-10-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
71111Activities of building architects
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.