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MOVU

Active
Public limited companyfounded 2021active for 5 yearsBrandstraat 30, 9160 Lokeren, BelgiumKBO/BCE: BE 0774.931.416
Summary

The computed 12-month bankruptcy probability of MOVU is 2.0% (moderate). The annual accounts of MOVU for financial year 2025 show a net loss of 110% of the equity at the start of that year. The 2025 annual accounts show equity of €36.3m and a net result of -€42.8m. Equity is growing by about 56% per year across the filed financial years. Its solvency ranks better than 16% of 826 sector peers (NACE 25, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
MOVUActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110
Fastest staff growth in Belgium, Fabricated metal products sector2 sites
Size
€130.5mturnover 2025
Staff
298.6 FTE
Equity
€36.3m
Loss
-€42.8m
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Parent
STOW INTERNATIONAL · 100%
Holdings
3
2025 accounts 16 days early6 of 12 deeds summarised
Why 53raises riskLiquidity: current ratio 1.26, cash €958,401Loss of €42.8m, the second in a row (financial year 2025)Equity €36.3m (18.7% of total assets)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 30% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 44-4
equity 18.7% of total assets
Liquidity 30+14
short-term debt 42.3% · cash 0.5%
Profitability 0-3
return on assets -22.0%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (22 companies, NACE 25, large)
Last 24 months 11-2024: 3.5% 12-2024: 3.5%● unchanged vs 11-2024 01-2025: 3.5%● unchanged vs 12-2024 02-2025: 3.4%▼ -0.1 percentage points vs 01-2025 03-2025: 3.4%● unchanged vs 02-2025 04-2025: 4.0%▲ +0.6 percentage points vs 03-2025 05-2025: 4.3%▲ +0.3 percentage points vs 04-2025 06-2025: 4.2%▼ -0.1 percentage points vs 05-2025 07-2025: 4.3%▲ +0.1 percentage points vs 06-2025 08-2025: 4.4%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 2.7%▼ -1.7 percentage points vs 08-2025 10-2025: 2.6%▼ -0.1 percentage points vs 09-2025 11-2025: 1.6%▼ -1.0 percentage point vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 1.6%● unchanged vs 12-2025 02-2026: 1.5%▼ -0.1 percentage points vs 01-2026lowest value 03-2026: 1.6%▲ +0.1 percentage points vs 02-2026 04-2026: 1.7%▲ +0.1 percentage points vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.8%▲ +0.1 percentage points vs 06-2026 08-2026: 2.0%▲ +0.2 percentage points vs 07-2026 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026
Credit of up to €1,900,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.26, compared with 0.7 in 2024, below the usual 1.5; short-term debt: 42.3% and cash: 0.5% of total assets), and 81.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 30% on solvency, 28% on liquidity, 4% on profitability and 56% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.26, cash €958,401
NBB · annual accounts
raises risk · Loss of €42.8m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €36.3m (18.7% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
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 2025
Net result per financial year
22232425
2022 to 2025 · latest year -€42.8m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 826 sector peers (2025).
NBB · sector comparison
Position among 826 sector peers
Solvency
better than 16%
← 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 15-07-2026, 16 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
16 days early
2024
4 days late
2023
13 days early
2022
12 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 9 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Robotic Management & Consulting BV…Permanent representative: Stefan Pieters ·…
  3. Capital & shares · Amendment of…Auditor report · Capital increase…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€42.8m View
  • Caution: Result fell in 2025from -€19.2m to -€42.8m ▼ 122% View
  • Caution: Among the weakest 5% on net resultsector median €79,515 · 826 companies -€42.8m View
  • Controlled by STOW INTERNATIONALultimately: OPTIMUS Midco BV 100% View

By topic

Financials

Financial year
2025
Turnover
€130.5m
Loss
-€42.8m
Solvency
18.7%
Turnover▲ 25.6%
Net result
20222025
Go to Financials

Timeline

Events
13
Since
2023
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 04-08-2025Annual accounts filed
  3. 21-01-2025Capital & shares
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
01-10-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about MOVU

What is the company number of MOVU?
0774.931.416. In Belgium the VAT number is the company number with BE in front: BE 0774.931.416.
Where is MOVU based?
The registered office is at Brandstraat 30, 9160 Lokeren.Company details
What does MOVU do?
According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
What is the legal form of MOVU?
Public limited company (NV).
When was MOVU founded?
On 01-10-2021.
Is MOVU still active?
Yes, MOVU is an active enterprise in the KBO register.
How many employees does MOVU have?
On average 298.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MOVU?
€130.5m in financial year 2025, according to the filed annual accounts.
Is MOVU profitable?
In financial year 2025, MOVU made a loss of €42.8m.
Where can I find the annual accounts of MOVU?
MOVU filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MOVU due?
By 31-07-2027, for financial year 2026.Timeline

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