VA MO
ActiveSummary
VA MO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,436 and a net result of €23,905. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-9
Solvency27▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2%
Return on assets
8.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7564 sector peers (2025).
NBB · sector comparisonPosition among 7564 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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
47 d late
2024
29 d late
2023
47 d late
2022
60 d late
2021
5 d early
2020
31 d late
2019
32 d late
← 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 34 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,436
2024 · -€18,469
Total assets
€271,869▲ 9.9%
2024 · €247,403
Net result
€23,905▼ 41.6%
2024 · €40,920
Working capital
-€49,625▲ 56.9%
2024 · -€115,092
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€270▲ 98.9%€1,176€46,207▲ 3,829%€42,956▼ 7.0%€25,949▼ 39.6%
Net result€3,214€407▼ 87.3%€45,936▲ 11,186%€40,920▼ 10.9%€23,905▼ 41.6%
Equity-€105,732▲ 3.0%-€105,325▲ 0.4%-€59,389▲ 43.6%-€18,469▲ 68.9%€5,436
Total assets€159,789▲ 0.8%€134,394▼ 15.9%€201,714▲ 50.1%€247,403▲ 22.7%€271,869▲ 9.9%
Debt€265,521▼ 0.7%€239,719▼ 9.7%€261,103▲ 8.9%€265,872▲ 1.8%€266,433▲ 0.2%
Working capital-€228,860▼ 5.9%-€183,840▲ 19.7%-€172,326▲ 6.3%-€115,092▲ 33.2%-€49,625▲ 56.9%
Staff (FTE)0.81▲ 25.0%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,869
Fixed assets
€137,589 ▼ 20.0%
Current assets
€134,280 ▲ 78.3%
Equity and liabilities €271,869
Equity
€5,436
Debt
€266,433
Debt finances 98.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€54,881▼
2024 · €64,787
Cash flow
€52,837▼
2024 · €62,751
Current ratio
0.73▲
2024 · 0.40
Debt to equity
49.01▲
2024 · -14.40
ROE
439.8%
ROA
8.8%▼
2024 · 16.5%
Interest coverage
26.22▼
2024 · 31.82
Debt ≤ 1 year
€183,905▼
2024 · €190,420
Debt > 1 year
€81,308▲
2024 · €74,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,322 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €200 | - | - | €400 | €12,000 | ▲ 2,900% |
| Remuneration, social security and pensions62 | - | €5,957 | €7,897 | €6,603 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,387 | €7,445 | €7,288 | €21,831 | €28,932 | ▲ 32.5% |
| Other operating charges640/8 | €1,235 | €1,095 | €1,461 | €1,126 | €2,138 | ▲ 89.9% |
| Non-recurring operating charges66A | - | €16,428 | - | €2,542 | - | - |
| Gross operating margin9900 | €7,352 | €32,101 | €62,853 | €75,058 | €57,019 | ▼ 24.0% |
| Operating profit (loss)9901 | -€270 | €1,176 | €46,207 | €42,956 | €25,949 | ▼ 39.6% |
| Financial income75/76B | €5,216 | €31 | €40 | - | €49 | - |
| Recurring financial income75 | €53 | €31 | €40 | - | €49 | - |
| Non-recurring financial income76B | €5,163 | - | - | - | - | - |
| Financial charges65/66B | €174 | €800 | €311 | €2,036 | €2,093 | ▲ 2.8% |
| Recurring financial charges65 | €174 | €800 | €311 | €2,036 | €2,093 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €4,772 | €407 | €45,936 | €40,920 | €23,905 | ▼ 41.6% |
| Income taxes67/77 | €1,558 | - | - | - | - | - |
| Profit (loss) for the period9904 | €3,214 | €407 | €45,936 | €40,920 | €23,905 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €3,214 | €407 | €45,936 | €40,920 | €23,905 | ▼ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,789 | €134,394 | €201,714 | €247,403 | €271,869 | ▲ 9.9% |
| Fixed assets21/28 | €123,132 | €78,519 | €143,739 | €172,075 | €137,589 | ▼ 20.0% |
| Tangible fixed assets22/27 | €123,132 | €78,519 | €143,739 | €172,075 | €137,589 | ▼ 20.0% |
| Land and buildings22 | €99,072 | €60,644 | €60,644 | €60,644 | €42,644 | ▼ 29.7% |
| Plant, machinery and equipment23 | €7,681 | €5,146 | €10,939 | €59,742 | €46,861 | ▼ 21.6% |
| Furniture and vehicles24 | €16,379 | €12,729 | €67,280 | €47,304 | €44,189 | ▼ 6.6% |
| Other tangible fixed assets26 | - | - | €4,876 | €4,385 | €3,895 | ▼ 11.2% |
| Current assets29/58 | €36,657 | €55,875 | €57,975 | €75,328 | €134,280 | ▲ 78.3% |
| Stocks and contracts in progress3 | - | €12,750 | - | - | - | - |
| Stocks30/36 | - | €12,750 | - | - | - | - |
| Amounts receivable within one year40/41 | €30,186 | €23,789 | €34,094 | €46,155 | €84,960 | ▲ 84.1% |
| Trade receivables40 | €29,377 | €21,099 | €21,019 | €42,230 | €81,186 | ▲ 92.2% |
| Other amounts receivable41 | €809 | €2,690 | €13,075 | €3,925 | €3,774 | ▼ 3.8% |
| Cash at bank and in hand54/58 | €4,917 | €18,062 | €21,850 | €27,216 | €47,978 | ▲ 76.3% |
| Deferred charges and accrued income490/1 | €1,554 | €1,274 | €2,031 | €1,957 | €1,342 | ▼ 31.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,789 | €134,394 | €201,714 | €247,403 | €271,869 | ▲ 9.9% |
| Equity10/15 | -€105,732 | -€105,325 | -€59,389 | -€18,469 | €5,436 | ▲ 129% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€126,192 | -€125,785 | -€79,849 | -€38,929 | -€15,024 | ▲ 61.4% |
| Amounts payable17/49 | €265,521 | €239,719 | €261,103 | €265,872 | €266,433 | ▲ 0.2% |
| Amounts payable after more than one year17 | - | - | €29,621 | €74,287 | €81,308 | ▲ 9.5% |
| Financial debts170/4 | - | - | €29,621 | €74,287 | €81,308 | ▲ 9.5% |
| Amounts payable within one year42/48 | €265,517 | €239,715 | €230,301 | €190,420 | €183,905 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | €6,612 | €10,515 | €10,979 | ▲ 4.4% |
| Trade debts44 | €3,419 | €9,875 | €11,768 | €12,337 | €13,585 | ▲ 10.1% |
| Suppliers440/4 | €3,419 | €9,875 | €11,768 | €12,337 | €13,585 | ▲ 10.1% |
| Taxes, remuneration and social security45 | €81,507 | €83,996 | €83,736 | €99,118 | €108,606 | ▲ 9.6% |
| Taxes450/3 | €1,074 | €1,165 | €198 | €701 | €962 | ▲ 37.2% |
| Remuneration and social security454/9 | €80,433 | €82,831 | €83,538 | €98,417 | €107,644 | ▲ 9.4% |
| Other amounts payable47/48 | €180,591 | €145,844 | €128,185 | €68,450 | €50,735 | ▼ 25.9% |
| Accrued charges and deferred income492/3 | €4 | €4 | €1,181 | €1,165 | €1,220 | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,214 | €407 | €45,936 | €40,920 | €23,905 | ▼ 41.6% |
| + Depreciation and write-downs630 | €6,387 | €7,445 | €7,288 | €21,831 | €28,932 | ▲ 32.5% |
| Operating cash flow (approximation) | €9,601 | €7,852 | €53,224 | €62,751 | €52,837 | ▼ 15.8% |
| Investment in fixed assets (approximation) | - | €37,168 | -€72,508 | -€50,167 | €5,554 | ▲ 111% |
| Change in cash | - | €13,145 | €3,788 | €5,366 | €20,762 | ▲ 287% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
31-12
Financial
Highest result since 2018net €45,936 ▲11,186%
Operating result €46,207, net result €45,936, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,214
Net result €3,214 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €20,845
Net result €20,845 after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 416 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 781 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Moorslede · 1 establishment unit since 2010
Ground area
5,291 m²
Building footprint
314 m²
Volume, LiDAR
1,547 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VA MO
since 20102.185.628.051
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005D0593/00F000 | Flanders | 4,780 m² | 1 · 143 m² | 6.7 m · 1 fl. |
| 36012C1368/00K002 | Flanders | 512 m² | 1 · 171 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 1 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 1 ended approval
Metselaar (so)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 6,773 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
Founded18-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Phone
0477200554Hooglede
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823247710
Also
9925:BE0823247710
Registered
08-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.