Mova
ActiveSummary
Mova has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118,931 and a net result of -€9,158. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 1041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+8
Solvency31▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.23; short-term debt: 73.9% and cash: 89.5% of total assets), and 94% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,158
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1041 sector peers (2025).
NBB · sector comparisonPosition among 1041 sector peers
Solvency
better than 9%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
34 d early
2023
6 d early
2022
20 d early
2021
61 d late
2020
1 d early
2019
7 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Denderleeuw, Manufacturing sector
Equity
€118,931▼ 7.1%
2024 · €128,088
Total assets
€2.0m▲ 275%
2024 · €530,624
Net result
-€9,158▲ 76.4%
2024 · -€38,790
Working capital
€333,886▼ 2.4%
2024 · €341,979
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€32,117▼ 25.6%-€44,180€1,879-€41,652-€11,451▲ 72.5%
Net result€21,501within the sector's middle half▼ 38.7%-€47,163below the sector's middle half€1,671within the sector's middle half-€38,790below the sector's middle half-€9,158below the sector's middle half▲ 76.4%
Equity€212,371above the sector's middle half▲ 11.3%€165,208within the sector's middle half▼ 22.2%€166,879within the sector's middle half▲ 1.0%€128,088within the sector's middle half▼ 23.2%€118,931below the sector's middle half▼ 7.1%
Total assets€2.4mabove the sector's middle half▲ 276%€575,123above the sector's middle half▼ 76.5%€1.6mabove the sector's middle half▲ 184%€530,624above the sector's middle half▼ 67.5%€2.0mwithin the sector's middle half▲ 275%
Debt€1.8m▲ 2,990%€9,915▼ 99.5%€1.1m▲ 10,629%€2,536▼ 99.8%€1.5m▲ 57,823%
Working capital€367,023above the sector's middle half▲ 12.9%€340,106above the sector's middle half▼ 7.3%€361,023above the sector's middle half▲ 6.2%€341,979above the sector's middle half▼ 5.3%€333,886within the sector's middle half▼ 2.4%
Solvency8.7%below the sector's middle half▼ 20.7pp28.7%within the sector's middle half▲ 20.0pp10.2%below the sector's middle half▼ 18.5pp24.1%within the sector's middle half▲ 13.9pp6.0%below the sector's middle half▼ 18.2pp
Current ratio1.20within the sector's middle half▼ 5.2937.12above the sector's middle half▲ 35.921.34within the sector's middle half▼ 35.791.23within the sector's middle half
Return on assets (ROA)0.9%within the sector's middle half▼ 4.5pp-8.2%below the sector's middle half▼ 9.1pp0.1%below the sector's middle half▲ 8.3pp-7.3%below the sector's middle half▼ 7.4pp-0.5%below the sector's middle half▲ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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 stays negative: a loss of €11,451 in 2025 against €41,652 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€185,544 ▼ 0.3%
Current assets
€1.8m ▲ 423%
Equity and liabilities €2.0m
Equity
€118,931 ▼ 7.1%
Provisions
€400,000 =
Debt
€1.5m ▲ 57,823%
Debt's share of the balance-sheet total rises from 0.5% to 73.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€10,886▲
2024 · -€21,905
Cash flow
-€8,593▲
2024 · -€19,044
Debt to equity
12.35▲
2024 · 0.02
ROE
-7.7%▲
2024 · -30.3%
Interest coverage
-26.63▲
2024 · -58.74
Debt ≤ 1 year
€1.5m▲
2024 · €2,536
Income taxes
€8▲
2024 · -€1,384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.5%
went bankrupt
3.5%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 1,104 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,534 | €19,746 | €19,746 | €19,746 | €565 | ▼ 97.1% |
| Other operating charges640/8 | €34,951 | €35,801 | €39,004 | €40,010 | €41,445 | ▲ 3.6% |
| Gross operating margin9900 | €87,602 | €11,367 | €60,630 | €18,105 | €30,558 | ▲ 68.8% |
| Operating profit (loss)9901 | €32,117 | -€44,180 | €1,879 | -€41,652 | -€11,451 | ▲ 72.5% |
| Financial income75/76B | - | - | - | €1,850 | €2,710 | ▲ 46.5% |
| Recurring financial income75 | - | - | - | €1,850 | €2,710 | ▲ 46.5% |
| Financial charges65/66B | €272 | €3,004 | €209 | €373 | €409 | ▲ 9.6% |
| Recurring financial charges65 | €272 | €3,004 | €209 | €373 | €409 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €31,845 | -€47,185 | €1,671 | -€40,175 | -€9,150 | ▲ 77.2% |
| Income taxes67/77 | €10,344 | -€22 | - | -€1,384 | €8 | ▲ 101% |
| Profit (loss) for the period9904 | €21,501 | -€47,163 | €1,671 | -€38,790 | -€9,158 | ▲ 76.4% |
| Profit (loss) for the period to be appropriated9905 | €21,501 | -€47,163 | €1,671 | -€38,790 | -€9,158 | ▲ 76.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €575,123 | €1.6m | €530,624 | €2.0m | ▲ 275% |
| Fixed assets21/28 | €245,348 | €225,602 | €205,855 | €186,109 | €185,544 | ▼ 0.3% |
| Tangible fixed assets22/27 | €245,348 | €225,602 | €205,855 | €186,109 | €185,544 | ▼ 0.3% |
| Land and buildings22 | €245,348 | €225,602 | €205,855 | €186,109 | €185,544 | ▼ 0.3% |
| Current assets29/58 | €2.2m | €349,521 | €1.4m | €344,515 | €1.8m | ▲ 423% |
| Amounts receivable within one year40/41 | €15,156 | €3,278 | €35,804 | €72,635 | €22,236 | ▼ 69.4% |
| Trade receivables40 | €15,156 | - | €35,804 | €14,005 | €21,436 | ▲ 53.1% |
| Other amounts receivable41 | - | €3,278 | - | €58,630 | €800 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €2.2m | €346,243 | €1.4m | €271,881 | €1.8m | ▲ 555% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €575,123 | €1.6m | €530,624 | €2.0m | ▲ 275% |
| Equity10/15 | €212,371 | €165,208 | €166,879 | €128,088 | €118,931 | ▼ 7.1% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Issued capital100 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €142,371 | €95,208 | €96,879 | €58,088 | €48,931 | ▼ 15.8% |
| Non-distributable reserves130/1 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Legal reserve130 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Distributable reserves133 | €135,371 | €88,208 | €89,879 | €51,088 | €41,931 | ▼ 17.9% |
| Provisions and deferred taxes16 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Provisions for liabilities and charges160/5 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Major repairs and maintenance162 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Amounts payable17/49 | €1.8m | €9,915 | €1.1m | €2,536 | €1.5m | ▲ 57,823% |
| Amounts payable within one year42/48 | €1.8m | €9,415 | €1.1m | €2,536 | €1.5m | ▲ 57,803% |
| Trade debts44 | €679 | €8,921 | €443 | €636 | €20,679 | ▲ 3,151% |
| Suppliers440/4 | €679 | €8,921 | €443 | €636 | €20,679 | ▲ 3,151% |
| Taxes, remuneration and social security45 | €9,213 | - | €6,340 | €1,407 | €2,299 | ▲ 63.4% |
| Taxes450/3 | €9,213 | - | €6,340 | €1,407 | €2,299 | ▲ 63.4% |
| Other amounts payable47/48 | €1.8m | €493 | €1.1m | €493 | €1.4m | ▲ 292,887% |
| Accrued charges and deferred income492/3 | - | €500 | - | - | €500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,501 | -€47,163 | €1,671 | -€38,790 | -€9,158 | ▲ 76.4% |
| + Depreciation and write-downs630 | €20,534 | €19,746 | €19,746 | €19,746 | €565 | ▼ 97.1% |
| Operating cash flow (approximation) | €42,035 | -€27,416 | €21,417 | -€19,044 | -€8,593 | ▲ 54.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1.8m | €1.0m | -€1.1m | €1.5m | ▲ 235% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 101current ratio 135.85
Current ratio from 1.34 to 135.85; short-term debt falls from €1.1m to €2,536.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,671
Net result €1,671 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€47,163
Net result drops to -€47,163, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 31current ratio 37.12
Current ratio from 1.20 to 37.12; short-term debt falls from €1.8m to €9,415.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €200,000Eq €212,371 ▲11.3%
4 profitable years in a row build equity to €212,371.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €56,662 ▲449%
Operating result €82,400, net result €56,662, both a record.
31-12
Financial
Equity above €150,000Eq €155,819 ▲57.1%
2 profitable years in a row build equity to €155,819.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Denderleeuw · 1 establishment unit since 1956
Ground area
9,491 m²
Building footprint
4,896 m²
Volume, LiDAR
32,944 m³
Parcel 41076B0059/00S000, Flanders · tallest building 21.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hertstraat 101, 9473 Denderleeuw
since 19562.004.947.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41076B0059/00S000 | Flanders | 9,491 m² | 1 · 4,896 m² | 21.4 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- ANNECO
- Mova
Highest known parent: ANNECO. The sources do not say who stands above it.
Owners 1
- ANNECOparentSourceaccounts ANNECO 202483.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 559 companies in sector 25999 we hold annual accounts for 354. 234 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
25210Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400310882
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)benoemingen. Varia.