MOXX Construct
ActiveSummary
MOXX Construct has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€128,704) and a net result of €14,815. Equity has been shrinking by about 16% per year since 2023. Its solvency ranks better than 11% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-06-2021 Normal situation
- Activity
- Development of residential building projects NACE 68121and 2 others
- Establishment unit
- 2.323.020.039 8510 Kortrijk, since 01-10-2021
- Financial year end
- 31 March
- Peppol
- Reachable since 24-09-2025
Board and ownership
- Messely GinoDirector · since 30-06-2021
- Serlet VeerleDirector · since 30-06-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €86,979
- Turnover
- ≈ €220,000
- estimated
- Profit
- €14,815
- Equity
- -€128,704
- ▲ 10.3%
- Total assets
- €957,711
- ▲ 0.4%
- Negative equity on 31-03-2025
- 2026 accounts not filed, 2 days past the deadline
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 0.27, cash €2,652Figures for financial year 2025 (filed on 09-09-2025)lowers riskSize: total assets €957,711Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (NACE 68, micro). It does better than 12% of them on solvency, 35% on liquidity, 60% on profitability and 66% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 36 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-09-2025 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a profit of €25,901, after a loss of €43,221 in 2024. It is the highest result since 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|
| Tangible fixed assets | €1.0m | €164,083 | €122,164 |
| Intangible fixed assets | €4,350 | - | - |
| Financial fixed assets | €3,315 | - | - |
| Depreciation and write-downs of the year | €42,239 | €36,269 | €55,328 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,239 | €36,269 | €55,328 | ▲ 52.5% |
| Other operating charges640/8 | €825 | €519 | €5,751 | ▲ 11× |
| Gross operating margin9900 | -€57,764 | -€6,433 | €86,979 | - |
| Operating profit (loss)9901 | -€100,827 | -€43,221 | €25,901 | - |
| Financial income75/76B | €1,297 | €562 | €1,260 | ▲ 124% |
| Recurring financial income75 | €1,297 | €562 | €1,260 | ▲ 124% |
| Financial charges65/66B | €8,754 | €12,576 | €12,345 | ▼ 1.8% |
| Recurring financial charges65 | €8,754 | €12,576 | €12,345 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | -€108,284 | -€55,235 | €14,815 | - |
| Profit (loss) for the period9904 | -€108,284 | -€55,235 | €14,815 | - |
| Profit (loss) for the period to be appropriated9905 | -€108,284 | -€55,235 | €14,815 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.2m | €1.0m | €1.0m | ▲ 0.4% |
| Formation expenses20 | €0.002m | €0.001m | €0.001m | ▼ 44.5% |
| Fixed assets21/28 | €1.0m | €0.8m | €0.9m | ▲ 8.1% |
| Intangible fixed assets21 | €0.004m | €0.003m | €0.002m | ▼ 28.1% |
| Tangible fixed assets22/27 | €1.0m | €0.8m | €0.9m | ▲ 8.3% |
| Land and buildings22 | €0.9m | €0.6m | €0.5m | ▼ 4.4% |
| Plant, machinery and equipment23 | €0.1m | €0.2m | €0.3m | ▲ 32.6% |
| Furniture and vehicles24 | €0.002m | €0.001m | €0.001m | ▼ 29.9% |
| Assets under construction and advance payments27 | - | €0.07m | €0.1m | ▲ 46.8% |
| Financial fixed assets28 | €0.003m | €375 | €375 | = |
| Current assets29/58 | €0.2m | €0.1m | €0.06m | ▼ 50.9% |
| Stocks and contracts in progress3 | €0.1m | €0.02m | €0.01m | ▼ 26.9% |
| Stocks30/36 | €0.1m | €0.02m | €0.01m | ▼ 26.9% |
| Amounts receivable within one year40/41 | €0.04m | €0.1m | €0.04m | ▼ 60.7% |
| Trade receivables40 | €0.002m | €0.03m | €0.03m | ▼ 12.2% |
| Other amounts receivable41 | €0.04m | €0.07m | €0.01m | ▼ 84.9% |
| Cash at bank and in hand54/58 | €366 | €0.001m | €0.003m | ▲ 90.0% |
| Deferred charges and accrued income490/1 | €0.001m | €0.005m | €0.006m | ▲ 38.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €1.0m | ▲ 0.4% |
| Equity10/15 | -€0.09m | -€0.1m | -€0.1m | ▲ 10.3% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.1m | ▲ 9.1% |
| Amounts payable17/49 | €1.3m | €1.1m | €1.1m | ▼ 1.0% |
| Amounts payable after more than one year17 | €0.5m | €0.9m | €0.9m | ▲ 0.5% |
| Financial debts170/4 | €0.5m | €0.9m | €0.9m | ▲ 0.5% |
| Amounts payable within one year42/48 | €0.8m | €0.2m | €0.2m | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | €0.06m | €0.06m | €0.07m | ▲ 28.4% |
| Financial debts43 | - | €0.02m | €0.04m | ▲ 111% |
| Credit institutions430/8 | - | €0.02m | €0.04m | ▲ 111% |
| Trade debts44 | €0.07m | €0.02m | €0.02m | ▲ 17.2% |
| Suppliers440/4 | €0.07m | €0.02m | €0.02m | ▲ 17.2% |
| Advances received on contracts in progress46 | - | €0.05m | €0.08m | ▲ 51.7% |
| Taxes, remuneration and social security45 | - | €0.1m | €0.01m | ▼ 85.6% |
| Taxes450/3 | - | €0.1m | €0.01m | ▼ 85.6% |
| Other amounts payable47/48 | €0.6m | - | - | - |
| Accrued charges and deferred income492/3 | €0.002m | €0.001m | €0.001m | ▼ 31.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€108,284 | -€55,235 | €14,815 | - |
| + Depreciation and write-downs630 | €42,239 | €36,269 | €55,328 | ▲ 52.5% |
| Operating cash flow (approximation) | -€66,045 | -€18,966 | €70,143 | - |
| Investment in fixed assets (approximation) | - | €149,772 | -€122,749 | - |
| Change in cash | - | €1,030 | €1,256 | ▲ 22.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 457 companies had the same profile as MOXX Construct has now. Two years later, 0.7% had gone bankrupt and 97.2% were still going.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MOXX Construct itself is higher: 1.1% within 12 months. It rests on far more data about MOXX Construct 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.
| 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 457 companies, not a prediction for MOXX Construct. 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.
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Messely Gino |
|
| Serlet Veerle |
|
Network & group
MOXX Construct shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of MOXX Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0770.505.147
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34026B0205/00K000 | Flanders | 2,490 m² | 1 · 1,098 m² | 0.1 m |