MOWEN
ActiveSummary
MOWEN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,767 and a net result of -€17,317. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-42
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 4.06 against 7.63 in 2024; short-term debt: 24.6% and cash: 0% of total assets), and 24.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
75.4%
Return on assets
-27.3%
Age of the figures
9 mo
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 -€17,317
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
66 d early
2023
26 d late
2022
97 d early
2021
32 d early
2020
22 d early
2019
37 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 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 2 June (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€47,767▼ 26.6%
2024 · €65,084
Total assets
€63,372▼ 15.4%
2024 · €74,882
Net result
-€17,317▼ 1,141%
2024 · -€1,395
Working capital
€47,758▼ 26.5%
2024 · €64,978
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€31,592▼ 20.8%-€3,400€15,659€701▼ 95.5%-€17,104
Net result€17,546within the sector's middle half▼ 31.3%-€3,655within the sector's middle half€11,152within the sector's middle half-€1,395within the sector's middle half-€17,317below the sector's middle half▼ 1,141%
Equity€65,183within the sector's middle half▲ 36.8%€61,528within the sector's middle half▼ 5.6%€66,480within the sector's middle half▲ 8.0%€65,084within the sector's middle half▼ 2.1%€47,767within the sector's middle half▼ 26.6%
Total assets€111,598below the sector's middle half▲ 41.8%€85,306below the sector's middle half▼ 23.6%€77,908below the sector's middle half▼ 8.7%€74,882below the sector's middle half▼ 3.9%€63,372below the sector's middle half▼ 15.4%
Debt€46,415▲ 49.5%€23,778▼ 48.8%€11,428▼ 51.9%€9,798▼ 14.3%€15,605▲ 59.3%
Working capital€65,429within the sector's middle half▲ 20.4%€66,128within the sector's middle half▲ 1.1%€66,276within the sector's middle half▲ 0.2%€64,978within the sector's middle half▼ 2.0%€47,758within the sector's middle half▼ 26.5%
Solvency58.4%within the sector's middle half▼ 2.1pp72.1%above the sector's middle half▲ 13.7pp85.3%above the sector's middle half▲ 13.2pp86.9%above the sector's middle half▲ 1.6pp75.4%above the sector's middle half▼ 11.5pp
Current ratio2.77above the sector's middle half▼ 0.584.51above the sector's middle half▲ 1.736.80above the sector's middle half▲ 2.297.63above the sector's middle half▲ 0.834.06above the sector's middle half▼ 3.57
Return on assets (ROA)15.7%above the sector's middle half▼ 16.8pp-4.3%below the sector's middle half▼ 20.0pp14.3%above the sector's middle half▲ 18.6pp-1.9%within the sector's middle half▼ 16.2pp-27.3%below the sector's middle half▼ 25.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17,104 after €701 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,372
Fixed assets
€9 ▼ 91.2%
Current assets
€63,363 ▼ 15.3%
Equity and liabilities €63,372
Equity
€47,767 ▼ 26.6%
Debt
€15,605 ▲ 59.3%
Debt's share of the balance-sheet total rises from 13.1% to 24.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€17,006▼
2024 · €799
Cash flow
-€17,220▼
2024 · -€1,298
Debt to equity
0.33▲
2024 · 0.15
ROE
-36.3%▼
2024 · -2.1%
Interest coverage
-64.29▼
2024 · 3.06
Debt ≤ 1 year
€15,605▲
2024 · €9,798
Income taxes
€34▼
2024 · €2,161
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,805 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 | €4,296 | €8,925 | €110 | €97 | €97 | = |
| Other operating charges640/8 | €178 | €862 | €2,575 | €141 | €294 | ▲ 109% |
| Gross operating margin9900 | €36,066 | €6,387 | €18,344 | €939 | -€16,712 | ▼ 1,880% |
| Operating profit (loss)9901 | €31,592 | -€3,400 | €15,659 | €701 | -€17,104 | ▼ 2,538% |
| Financial income75/76B | €11 | €138 | €0 | €326 | €86 | ▼ 73.7% |
| Recurring financial income75 | €11 | €138 | €0 | €326 | €86 | ▼ 73.7% |
| Financial charges65/66B | €1,937 | €215 | €206 | €261 | €265 | ▲ 1.4% |
| Recurring financial charges65 | €1,937 | €215 | €206 | €261 | €265 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €29,666 | -€3,477 | €15,452 | €766 | -€17,283 | ▼ 2,356% |
| Income taxes67/77 | €12,120 | €178 | €4,301 | €2,161 | €34 | ▼ 98.4% |
| Profit (loss) for the period9904 | €17,546 | -€3,655 | €11,152 | -€1,395 | -€17,317 | ▼ 1,141% |
| Profit (loss) for the period to be appropriated9905 | €17,546 | -€3,655 | €11,152 | -€1,395 | -€17,317 | ▼ 1,141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,598 | €85,306 | €77,908 | €74,882 | €63,372 | ▼ 15.4% |
| Fixed assets21/28 | €9,239 | €314 | €204 | €107 | €9 | ▼ 91.2% |
| Tangible fixed assets22/27 | €9,239 | €314 | €204 | €107 | €9 | ▼ 91.2% |
| Plant, machinery and equipment23 | €414 | €301 | €204 | €107 | €9 | ▼ 91.2% |
| Furniture and vehicles24 | €8,825 | €13 | - | - | - | - |
| Current assets29/58 | €102,359 | €84,992 | €77,704 | €74,776 | €63,363 | ▼ 15.3% |
| Amounts receivable after more than one year29 | - | €80,000 | €60,000 | €60,000 | €60,000 | = |
| Other amounts receivable291 | - | €80,000 | €60,000 | €60,000 | €60,000 | = |
| Amounts receivable within one year40/41 | €71,334 | €4,933 | €5,947 | €6,092 | €3,358 | ▼ 44.9% |
| Trade receivables40 | €3,178 | €3,398 | €4,178 | €3,163 | €3,358 | ▲ 6.2% |
| Other amounts receivable41 | €68,156 | €1,535 | €1,769 | €2,929 | - | - |
| Cash at bank and in hand54/58 | €31,024 | €59 | €11,757 | €8,683 | €5 | ▼ 99.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,598 | €85,306 | €77,908 | €74,882 | €63,372 | ▼ 15.4% |
| Equity10/15 | €65,183 | €61,528 | €66,480 | €65,084 | €47,767 | ▼ 26.6% |
| Contributions10/11 | €6,200 | €6,200 | - | - | - | - |
| Reserves13 | €58,983 | €58,983 | €66,480 | €66,480 | €47,767 | ▼ 28.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €57,123 | €57,123 | €66,480 | €66,480 | €47,767 | ▼ 28.1% |
| Profit (loss) carried forward14 | - | -€3,655 | - | -€1,395 | - | - |
| Amounts payable17/49 | €46,415 | €23,778 | €11,428 | €9,798 | €15,605 | ▲ 59.3% |
| Amounts payable after more than one year17 | €9,485 | €1,914 | - | - | - | - |
| Financial debts170/4 | €9,485 | €1,914 | - | - | - | - |
| Amounts payable within one year42/48 | €36,930 | €18,864 | €11,428 | €9,798 | €15,605 | ▲ 59.3% |
| Current portion of amounts payable after more than one year42 | €8,163 | €3,616 | €1,914 | - | - | - |
| Trade debts44 | - | - | €685 | €379 | €726 | ▲ 91.4% |
| Suppliers440/4 | - | - | €685 | €379 | €726 | ▲ 91.4% |
| Taxes, remuneration and social security45 | €28,767 | €15,248 | €8,830 | €9,419 | €4,561 | ▼ 51.6% |
| Taxes450/3 | €28,767 | €15,248 | €8,830 | €9,419 | €3,529 | ▼ 62.5% |
| Remuneration and social security454/9 | - | - | - | - | €1,032 | - |
| Other amounts payable47/48 | - | - | - | - | €10,317 | - |
| Accrued charges and deferred income492/3 | - | €3,000 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,546 | -€3,655 | €11,152 | -€1,395 | -€17,317 | ▼ 1,141% |
| + Depreciation and write-downs630 | €4,296 | €8,925 | €110 | €97 | €97 | = |
| Operating cash flow (approximation) | €21,842 | €5,270 | €11,262 | -€1,298 | -€17,220 | ▼ 1,227% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€30,965 | €11,698 | -€3,073 | -€8,679 | ▼ 182% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€17,317
Net result drops to -€17,317, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €11,152
Net result €11,152 after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €25,555
Net result €25,555 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-05
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 2 acts read
About the unread acts
We know of 2 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
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, Nazareth-De Pinte · 1 establishment unit since 2007
Ground area
915 m²
Building footprint
204 m²
Volume, LiDAR
702 m³
Parcel 44012C0193/00X004, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mowen
since 20072.164.894.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012C0193/00X004 | Flanders | 914 m² | 1 · 203 m² | 5.2 m · 1 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.
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Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 4,843 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
Contact
Phone
0479 54 28 61Nazareth-De Pinte
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890737043
Also
9925:BE0890737043
Registered
24-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.