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Move37

Active
Private limited companyfounded 2023active for 3 yearsDrie Eikenstraat 373, 2650 Edegem, BelgiumKBO/BCE: BE 0805.637.854

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 28-07-2026 at the NBB all 2 filings

Turnover
≈ €69,000
Estimated: probably between €30,000 and €170,000
Total assets
€230,067▲ 784%
2024 · €26,021
Net result
-€1,929▲ 92.1%
2024 · -€24,431
Working capital
€125,071▲ 447%
2024 · €22,858
Multi-year overview
2024 to 2025, 2 financial years
Operating result
-€664
▲ 97.3% 2025
20242025
Net result
-€1,929
▲ 92.1% 2025
lowest quarter of the sector
20242025
Equity
€23,640
▼ 7.5% 2025
lowest quarter of the sector
20242025
Total assets
€230,067
▲ 784% 2025
lowest quarter of the sector
20242025
Debt
€206,427
▲ 457× 2025
20242025
Working capital
€125,071
▲ 447% 2025
middle half of the sector
20242025
Solvency
10.3%
▼ 88.0pp 2025
lowest quarter of the sector
20242025
Current ratio
3.07
▼ 48.51 2025
middle half of the sector
20242025
Return on assets (ROA)
-0.8%
▲ 93.1pp 2025
lowest quarter of the sector
20242025
Staff (FTE)
0.5
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€24,390--€664▲ 97.3%
Net result-€24,431below the sector's middle half--€1,929below the sector's middle half▲ 92.1%
Equity€25,569below the sector's middle half-€23,640below the sector's middle half▼ 7.5%
Total assets€26,021below the sector's middle half-€230,067below the sector's middle half▲ 784%
Debt€452-€206,427▲ 457×
Working capital€22,858within the sector's middle half-€125,071within the sector's middle half▲ 447%
Solvency98.3%above the sector's middle half-10.3%below the sector's middle half▼ 88.0pp
Current ratio51.58above the sector's middle half-3.07within the sector's middle half▼ 48.51
Return on assets (ROA)-93.9%below the sector's middle half--0.8%below the sector's middle half▲ 93.1pp
Staff (FTE)0within the sector's middle half-0.5within the sector's middle half
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €664, smaller than the loss of €24,390 in 2024.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228,060
Fixed assets €42,662
Current assets €185,398
Equity and liabilities €230,067
Equity €23,640 ▼ 7.5%
Debt €206,427 ▲ 457×
Debt's share of the balance-sheet total rises from 1.7% to 89.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€199▲
2024 · -€23,579
Cash flow
-€1,066▲
2024 · -€23,620
Debt to equity
8.73▲
2024 · 0.02
ROE
-8.2%▲
2024 · -95.6%
Interest coverage
0.16▲
2024 · -576.09
Debt ≤ 1 year
€60,327▲
2024 · €452
Debt > 1 year
€145,000
Staff costs
€16,659
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2025
Employees at the balance-sheet date1
full-time0
part-time1
in full-time equivalents0.5
Average over the year, in full-time equivalents0.5
On a permanent contract1
Joined1
Left0

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item20242025
Tangible fixed assets-€1,044
Intangible fixed assets-€41,776
Depreciation and write-downs of the year€811€863

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2025 · 2 entries · €100,000 awarded · €75,000 paid
Schemes
1 entry · €50,000 · €50,000 paid · Fonds voor Innoveren en Ondernemen
1 entry · €50,000 · €25,000 paid · Fonds voor Innoveren en Ondernemen

Public contracts

1 award · 2025
Raamovereenkomst voor het uitvoeren van diensten inzake ‘science-based consultancy’: PLSTK-2024-6-SBC - People Analytics
buyer: Poolstok (Vlaams Selectiecentrum voor het Overheidspersoneel cvba)Research and development servicesawarded 20-02-2025€04 tendersTED 138268-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€26,021€230,067▲
Formation expenses20€2,711€2,007▼
Fixed assets21/28-€42,662
Intangible fixed assets21-€41,738
Tangible fixed assets22/27-€924
Furniture and vehicles24-€924
Current assets29/58€23,309€185,398▲
Amounts receivable within one year40/41€5,557€35,776▲
Trade receivables40€3,630€35,776▲
Other amounts receivable41€1,927€0▼
Cash at bank and in hand54/58€7,252€149,284▲
Deferred charges and accrued income490/1€10,500€338▼
Equity and liabilities
Total equity and liabilities10/49€26,021€230,067▲
Equity10/15€25,569€23,640▼
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€24,431-€26,360▼
Amounts payable17/49€452€206,427▲
Amounts payable after more than one year17-€145,000
Financial debts170/4-€145,000
Amounts payable within one year42/48€452€60,327▲
Financial debts43€139€2,147▲
Credit institutions430/8€139€2,147▲
Trade debts44€313€16,157▲
Suppliers440/4€313€16,157▲
Taxes, remuneration and social security45-€5,838
Taxes450/3-€1,658
Remuneration and social security454/9-€4,181
Other amounts payable47/48-€36,185
Accrued charges and deferred income492/3-€1,100
Income statement Code20242025
Remuneration, social security and pensions62-€16,659
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€811€863▲
Other operating charges640/8-€166
Gross operating margin9900-€23,579€17,023▲
Operating profit (loss)9901-€24,390-€664▲
Financial charges65/66B€41€1,265▲
Recurring financial charges65€41€1,265▲
Profit (loss) for the period before taxes9903-€24,431-€1,929▲
Profit (loss) for the period9904-€24,431-€1,929▲
Profit (loss) for the period to be appropriated9905-€24,431-€1,929▲
Appropriation of the result
Profit (loss) to be appropriated9906-€24,431-€26,360▼
Profit (loss) brought forward from the previous period14P--€24,431
Social balance sheet
Average headcount (FTE)90870.00.5▲

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Line20242025Change
Remuneration, social security and pensions62-€16,659-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€811€863▲ 6.4%
Other operating charges640/8-€166-
Gross operating margin9900-€23,579€17,023-
Operating profit (loss)9901-€24,390-€664▲ 97.3%
Financial charges65/66B€41€1,265▲ 31×
Recurring financial charges65€41€1,265▲ 31×
Profit (loss) for the period before taxes9903-€24,431-€1,929▲ 92.1%
Profit (loss) for the period9904-€24,431-€1,929▲ 92.1%
Profit (loss) for the period to be appropriated9905-€24,431-€1,929▲ 92.1%
Line20242025Change
Assets
Total assets20/58€26,021€230,067▲ 784%
Formation expenses20€2,711€2,007▼ 26.0%
Fixed assets21/28-€42,662-
Intangible fixed assets21-€41,738-
Tangible fixed assets22/27-€924-
Furniture and vehicles24-€924-
Current assets29/58€23,309€185,398▲ 695%
Amounts receivable within one year40/41€5,557€35,776▲ 544%
Trade receivables40€3,630€35,776▲ 886%
Other amounts receivable41€1,927€0▼ 100%
Cash at bank and in hand54/58€7,252€149,284▲ 21×
Deferred charges and accrued income490/1€10,500€338▼ 96.8%
Equity and liabilities
Total equity and liabilities10/49€26,021€230,067▲ 784%
Equity10/15€25,569€23,640▼ 7.5%
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€24,431-€26,360▼ 7.9%
Amounts payable17/49€452€206,427▲ 457×
Amounts payable after more than one year17-€145,000-
Financial debts170/4-€145,000-
Amounts payable within one year42/48€452€60,327▲ 133×
Financial debts43€139€2,147▲ 15×
Credit institutions430/8€139€2,147▲ 15×
Trade debts44€313€16,157▲ 52×
Suppliers440/4€313€16,157▲ 52×
Taxes, remuneration and social security45-€5,838-
Taxes450/3-€1,658-
Remuneration and social security454/9-€4,181-
Other amounts payable47/48-€36,185-
Accrued charges and deferred income492/3-€1,100-
Line20242025Change
Profit (loss) for the period9904-€24,431-€1,929▲ 92.1%
+ Depreciation and write-downs630€811€863▲ 6.4%
Operating cash flow (approximation)-€23,620-€1,066▲ 95.5%
Change in cash-€142,032-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,271 companies had the same profile as Move37 has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
93.5% was still going
2.0% stopped otherwise
4.1% went bankrupt

Another 0.4% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Move37 itself is lower: 0.1% within 12 months. It rests on far more data about Move37 than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,271 companies, not a prediction for Move37. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 28-07-2026 2026-00342329 PDF
31-12-2024 abbreviated format 14-07-2025 2025-00277143 PDF

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