Summary
MOVADE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.3m and a net result of €268,958. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 2445 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.3m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
59 d early
2023
21 d early
2022
16 d late
2021
25 d late
2020
23 d early
2019
52 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 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 16 August (4 of the last 5 filed years within 36 days of that day).
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, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.3m▲ 26.2%
2024 · €1.0m
Net result
€268,958▲ 23.6%
2024 · €217,528
Total assets
€6.8m=
2024 · €6.8m
Solvency
19.0%▲ 3.9pp
2024 · 15.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€10,119▼ 280%€256,202€586,511▲ 129%€474,995▼ 19.0%€558,233▲ 17.5%
Net result-€10,228below the sector's middle half▲ 99.2%€236,499above the sector's middle half€487,476above the sector's middle half▲ 106%€217,528above the sector's middle half▼ 55.4%€268,958within the sector's middle half▲ 23.6%
Equity-€415,467below the sector's middle half▼ 2.5%€321,032within the sector's middle half€808,508above the sector's middle half▲ 152%€1.0mwithin the sector's middle half▲ 26.9%€1.3mwithin the sector's middle half▲ 26.2%
Total assets€26,562below the sector's middle half▲ 783%€6.9mabove the sector's middle half▲ 25,760%€7.1mabove the sector's middle half▲ 4.1%€6.8mabove the sector's middle half▼ 4.6%€6.8mwithin the sector's middle half=
Debt€442,029▲ 8.3%€6.5m▲ 1,381%€6.3m▼ 3.2%€5.8m▼ 8.6%€5.5m▼ 4.6%
Working capital-€417,390below the sector's middle half▼ 7,867%-€594,095below the sector's middle half▼ 42.3%-€398,171below the sector's middle half▲ 33.0%-€238,949below the sector's middle half▲ 40.0%-€219,393within the sector's middle half▲ 8.2%
Solvency-1564.1%below the sector's middle half▲ 11907.6pp4.7%below the sector's middle half▲ 1568.8pp11.3%below the sector's middle half▲ 6.6pp15.0%below the sector's middle half▲ 3.7pp19.0%below the sector's middle half▲ 3.9pp
Current ratio0.06below the sector's middle half0.23below the sector's middle half▲ 0.170.50below the sector's middle half▲ 0.270.26below the sector's middle half▼ 0.240.37below the sector's middle half▲ 0.11
Return on assets (ROA)-38.5%below the sector's middle half3.4%within the sector's middle half▲ 41.9pp6.8%within the sector's middle half▲ 3.4pp3.2%within the sector's middle half▼ 3.6pp3.9%within the sector's middle half▲ 0.8pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -55% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
- 2023 Net result +106% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets
€6.7m ▼ 0.7%
Current assets
€129,246 ▲ 56.1%
Equity and liabilities €6.8m
Equity
€1.3m ▲ 26.2%
Debt
€5.5m ▼ 4.6%
Debt's share of the balance-sheet total falls from 85.0% to 81.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
20.8%▼
2024 · 21.2%
Debt ≤ 1 year
€348,639▲
2024 · €321,752
Debt > 1 year
€5.1m▼
2024 · €5.3m
Income taxes
€92,045▲
2024 · €74,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12,578 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20 | €3,409 | €20,878 | €26,486 | €13,176 | ▼ 50.3% |
| Other operating charges640/8 | €979 | €1,586 | €391 | €1,258 | €348 | ▼ 72.3% |
| Non-recurring operating charges66A | - | - | - | - | €13,319 | - |
| Gross operating margin9900 | -€9,120 | €261,197 | €607,780 | €502,739 | €585,076 | ▲ 16.4% |
| Operating profit (loss)9901 | -€10,119 | €256,202 | €586,511 | €474,995 | €558,233 | ▲ 17.5% |
| Financial income75/76B | - | €1.3m | €1,464 | €231 | €0 | ▼ 100% |
| Recurring financial income75 | - | €7 | €1,464 | €231 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €1.3m | €0 | - | - | - |
| Financial charges65/66B | €109 | €1.3m | €21,056 | €183,429 | €197,229 | ▲ 7.5% |
| Recurring financial charges65 | €109 | €19,392 | €21,056 | €183,429 | €197,229 | ▲ 7.5% |
| Non-recurring financial charges66B | €0 | €1.3m | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€10,228 | €236,817 | €566,920 | €291,797 | €361,003 | ▲ 23.7% |
| Income taxes67/77 | €0 | €318 | €79,444 | €74,270 | €92,045 | ▲ 23.9% |
| Profit (loss) for the period9904 | -€10,228 | €236,499 | €487,476 | €217,528 | €268,958 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | -€10,228 | €236,499 | €487,476 | €217,528 | €268,958 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,562 | €6.9m | €7.1m | €6.8m | €6.8m | = |
| Fixed assets21/28 | €1,923 | €6.7m | €6.8m | €6.7m | €6.7m | ▼ 0.7% |
| Tangible fixed assets22/27 | €1,923 | €36,663 | €94,570 | €81,676 | €36,461 | ▼ 55.4% |
| Plant, machinery and equipment23 | - | - | - | - | €2,176 | - |
| Furniture and vehicles24 | €1,923 | €19,325 | €76,575 | €64,133 | €11,238 | ▼ 82.5% |
| Other tangible fixed assets26 | - | €17,338 | €17,994 | €17,543 | €23,047 | ▲ 31.4% |
| Financial fixed assets28 | - | €6.7m | €6.7m | €6.7m | €6.7m | = |
| Current assets29/58 | €24,639 | €176,565 | €399,277 | €82,804 | €129,246 | ▲ 56.1% |
| Amounts receivable within one year40/41 | €6,755 | €89,270 | €34,596 | €79,657 | €104,081 | ▲ 30.7% |
| Trade receivables40 | €6,755 | €89,270 | €29,040 | €30,371 | €88,126 | ▲ 190% |
| Other amounts receivable41 | €0 | - | €5,556 | €49,286 | €15,955 | ▼ 67.6% |
| Current investments50/53 | - | - | €338,435 | €0 | - | - |
| Cash at bank and in hand54/58 | €17,828 | €86,081 | €24,726 | €1,514 | €23,464 | ▲ 1,450% |
| Deferred charges and accrued income490/1 | €56 | €1,214 | €1,520 | €1,633 | €1,701 | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,562 | €6.9m | €7.1m | €6.8m | €6.8m | = |
| Equity10/15 | -€415,467 | €321,032 | €808,508 | €1.0m | €1.3m | ▲ 26.2% |
| Contributions10/11 | €1.0m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | €1.0m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €1.0m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €1,626 | €1,626 | €1,626 | €1,626 | €1,626 | = |
| Non-distributable reserves130/1 | €1,626 | €1,626 | €1,626 | €1,626 | €1,626 | = |
| Legal reserve130 | €1,626 | €1,626 | €1,626 | €1,626 | €1,626 | = |
| Profit (loss) carried forward14 | -€1.4m | -€1.2m | -€693,119 | -€475,591 | -€206,633 | ▲ 56.6% |
| Amounts payable17/49 | €442,029 | €6.5m | €6.3m | €5.8m | €5.5m | ▼ 4.6% |
| Amounts payable after more than one year17 | €0 | €5.8m | €5.5m | €5.3m | €5.1m | ▼ 4.5% |
| Financial debts170/4 | €0 | €5.8m | €5.5m | €5.3m | €5.1m | ▼ 4.5% |
| Amounts payable within one year42/48 | €442,029 | €770,660 | €797,448 | €321,752 | €348,639 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | - | - | €233,645 | €236,006 | €238,338 | ▲ 1.0% |
| Financial debts43 | - | €231,412 | - | - | - | - |
| Credit institutions430/8 | - | €231,412 | - | - | - | - |
| Trade debts44 | €223 | €0 | €766 | €92 | €1,071 | ▲ 1,058% |
| Suppliers440/4 | €223 | €0 | €766 | €92 | €1,071 | ▲ 1,058% |
| Taxes, remuneration and social security45 | €951 | €23,216 | €12,134 | €12,730 | €53,819 | ▲ 323% |
| Taxes450/3 | €951 | €23,216 | €12,134 | €12,730 | €53,819 | ▲ 323% |
| Other amounts payable47/48 | €440,855 | €516,032 | €550,903 | €72,924 | €55,412 | ▼ 24.0% |
| Accrued charges and deferred income492/3 | - | - | - | €164,807 | €108,528 | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,228 | €236,499 | €487,476 | €217,528 | €268,958 | ▲ 23.6% |
| + Depreciation and write-downs630 | €20 | €3,409 | €20,878 | €26,486 | €13,176 | ▼ 50.3% |
| Operating cash flow (approximation) | -€10,208 | €239,908 | €508,354 | €244,013 | €282,134 | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | -€6.7m | -€78,785 | -€13,592 | €32,039 | ▲ 336% |
| Change in cash | - | €68,253 | -€61,355 | -€23,212 | €21,950 | ▲ 195% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1mEq €1.0m ▲26.9%
3 profitable years in a row build equity to €1.0m.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €487,476 ▲106%
Operating result €586,511, net result €487,476, both a record.
31-12
Financial
Equity above €500,000Eq €808,508 ▲152%
2 profitable years in a row build equity to €808,508.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Back to profitnet €236,499
Net result €236,499 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €321,032
Equity rises from -€415,467 to €321,032.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€1.3m
Net result drops to -€1.3m, the lowest in the series; recovery starts the following year.
Show earlier events
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €17,870
Net result €17,870 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Destelbergen · 1 establishment unit since 2010
Ground area
1,988 m²
Building footprint
215 m²
Volume, LiDAR
1,113 m³
Parcel 44013A0323/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Eenbeekstraat 15, 9070 Destelbergen
since 20102.193.870.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0323/00G000 | Flanders | 1,988 m² | 1 · 215 m² | 7.6 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of MOVADE and those 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,039 EUR awarded · 2,039 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,039 EUR | 2,039 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,108 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
Founded26-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
69109Other legal services
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831422434
Also
9925:BE0831422434
Registered
15-09-2025
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.