Moa-Projects
ActiveSummary
The computed 12-month bankruptcy probability of Moa-Projects is 2.7% (moderate). The 2025 annual accounts show equity of €259,100 and a net result of €174,569. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 127 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency68▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.21 in 2024; short-term debt: 51.7% and cash: 32.5% of total assets), but 57.4% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
42.6%
Return on assets
28.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
29 d late
2022
70 d late
2021
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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 29 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€259,100▲ 40.4%
2024 · €184,531
Total assets
€607,983▲ 10.7%
2024 · €549,419
Net result
€174,569▼ 11.6%
2024 · €197,531
Working capital
€169,450▲ 148%
2024 · €68,265
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, 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€87,326-€112,341▲ 28.6%€4,805▼ 95.7%€264,346▲ 5,401%€244,771▼ 7.4%
Net result€58,305above the sector's middle half-€77,107above the sector's middle half▲ 32.2%€3,041within the sector's middle half▼ 96.1%€197,531above the sector's middle half▲ 6,396%€174,569above the sector's middle half▼ 11.6%
Equity€68,305within the sector's middle half-€145,412within the sector's middle half▲ 113%€87,000within the sector's middle half▼ 40.2%€184,531above the sector's middle half▲ 112%€259,100within the sector's middle half▲ 40.4%
Total assets€165,794within the sector's middle half-€303,083within the sector's middle half▲ 82.8%€899,629above the sector's middle half▲ 197%€549,419above the sector's middle half▼ 38.9%€607,983within the sector's middle half▲ 10.7%
Debt€97,490-€157,671▲ 61.7%€812,629▲ 415%€364,888▼ 55.1%€348,883▼ 4.4%
Working capital€42,341within the sector's middle half-€68,232within the sector's middle half▲ 61.1%€583,257above the sector's middle half▲ 755%€68,265within the sector's middle half▼ 88.3%€169,450within the sector's middle half▲ 148%
Solvency41.2%within the sector's middle half-48.0%within the sector's middle half▲ 6.8pp9.7%below the sector's middle half▼ 38.3pp33.6%within the sector's middle half▲ 23.9pp42.6%within the sector's middle half▲ 9.0pp
Current ratio1.43within the sector's middle half-1.43within the sector's middle half=3.27within the sector's middle half▲ 1.841.21within the sector's middle half▼ 2.061.54within the sector's middle half▲ 0.33
Return on assets (ROA)35.2%above the sector's middle half-25.4%above the sector's middle half▼ 9.7pp0.3%within the sector's middle half▼ 25.1pp36.0%above the sector's middle half▲ 35.6pp28.7%above the sector's middle half▼ 7.2pp
Staff (FTE)0.30.2below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607,983
Fixed assets
€124,257 ▼ 21.0%
Current assets
€483,726 ▲ 23.4%
Equity and liabilities €607,983
Equity
€259,100 ▲ 40.4%
Debt
€348,883 ▼ 4.4%
Debt's share of the balance-sheet total falls from 66.4% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€287,615▼
2024 · €297,422
Cash flow
€217,414▼
2024 · €230,608
Quick ratio
1.47▲
2024 · 1.14
Debt to equity
1.35▼
2024 · 1.98
ROE
67.4%▼
2024 · 107.0%
Interest coverage
79.01▼
2024 · 177.92
Debt ≤ 1 year
€314,276▼
2024 · €323,832
Debt > 1 year
€34,607▼
2024 · €41,056
Income taxes
€67,969▲
2024 · €67,288
Staff costs
€17,597▲
2024 · €236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 497,338 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% | 1.9% |
| 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 26,975 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 | - | - | - | €21,724 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €42 | €8,093 | €236 | €17,597 | ▲ 7,366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,879 | €13,228 | €19,599 | €33,077 | €42,845 | ▲ 29.5% |
| Other operating charges640/8 | €974 | €1,436 | €1,896 | €5,365 | €1,775 | ▼ 66.9% |
| Gross operating margin9900 | €96,180 | €127,047 | €34,392 | €303,023 | €306,987 | ▲ 1.3% |
| Operating profit (loss)9901 | €87,326 | €112,341 | €4,805 | €264,346 | €244,771 | ▼ 7.4% |
| Financial income75/76B | €15 | €60 | €1,438 | €2,145 | €1,408 | ▼ 34.4% |
| Recurring financial income75 | €15 | €60 | €1,438 | €2,145 | €1,408 | ▼ 34.4% |
| Financial charges65/66B | €2,194 | €277 | €191 | €1,672 | €3,640 | ▲ 118% |
| Recurring financial charges65 | €2,194 | €277 | €191 | €1,672 | €3,640 | ▲ 118% |
| Profit (loss) for the period before taxes9903 | €85,147 | €112,124 | €6,053 | €264,819 | €242,538 | ▼ 8.4% |
| Income taxes67/77 | €26,842 | €35,017 | €3,012 | €67,288 | €67,969 | ▲ 1.0% |
| Profit (loss) for the period9904 | €58,305 | €77,107 | €3,041 | €197,531 | €174,569 | ▼ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €58,305 | €77,107 | €3,041 | €197,531 | €174,569 | ▼ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,794 | €303,083 | €899,629 | €549,419 | €607,983 | ▲ 10.7% |
| Fixed assets21/28 | €25,963 | €77,180 | €59,622 | €157,323 | €124,257 | ▼ 21.0% |
| Tangible fixed assets22/27 | €25,963 | €77,180 | €59,622 | €157,323 | €124,257 | ▼ 21.0% |
| Plant, machinery and equipment23 | €7,420 | €5,288 | €3,605 | €25,566 | €22,215 | ▼ 13.1% |
| Furniture and vehicles24 | €18,543 | €71,892 | €56,017 | €131,757 | €96,017 | ▼ 27.1% |
| Other tangible fixed assets26 | - | - | - | - | €6,025 | - |
| Current assets29/58 | €139,831 | €225,903 | €840,007 | €392,097 | €483,726 | ▲ 23.4% |
| Stocks and contracts in progress3 | €14,069 | €27,864 | €32,850 | €24,400 | €20,350 | ▼ 16.6% |
| Stocks30/36 | €14,069 | €27,864 | €32,850 | €24,400 | €20,350 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €117,952 | €174,467 | €798,069 | €143,313 | €262,427 | ▲ 83.1% |
| Trade receivables40 | €106,192 | €146,731 | €712,010 | €117,551 | €250,235 | ▲ 113% |
| Other amounts receivable41 | €11,760 | €27,736 | €86,058 | €25,762 | €12,193 | ▼ 52.7% |
| Cash at bank and in hand54/58 | €3,167 | €18,960 | €4,621 | €217,386 | €197,432 | ▼ 9.2% |
| Deferred charges and accrued income490/1 | €4,643 | €4,612 | €4,467 | €6,997 | €3,517 | ▼ 49.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,794 | €303,083 | €899,629 | €549,419 | €607,983 | ▲ 10.7% |
| Equity10/15 | €68,305 | €145,412 | €87,000 | €184,531 | €259,100 | ▲ 40.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €77,000 | €77,000 | €77,000 | €77,000 | = |
| Distributable reserves133 | - | €77,000 | €77,000 | €77,000 | €77,000 | = |
| Profit (loss) carried forward14 | €58,305 | €58,412 | €0 | €97,531 | €172,100 | ▲ 76.5% |
| Amounts payable17/49 | €97,490 | €157,671 | €812,629 | €364,888 | €348,883 | ▼ 4.4% |
| Amounts payable after more than one year17 | - | - | - | €41,056 | €34,607 | ▼ 15.7% |
| Financial debts170/4 | - | - | - | €41,056 | €34,607 | ▼ 15.7% |
| Amounts payable within one year42/48 | €97,490 | €157,671 | €256,749 | €323,832 | €314,276 | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,056 | €6,449 | ▲ 6.5% |
| Trade debts44 | €38,919 | €72,052 | €157,357 | €149,579 | €109,866 | ▼ 26.5% |
| Suppliers440/4 | €38,919 | €72,052 | €157,357 | €149,579 | €109,866 | ▼ 26.5% |
| Advances received on contracts in progress46 | - | €49,275 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €27,418 | €35,453 | €37,940 | €68,198 | €19,935 | ▼ 70.8% |
| Taxes450/3 | €27,418 | €35,453 | €37,940 | €68,198 | €18,799 | ▼ 72.4% |
| Remuneration and social security454/9 | - | - | - | - | €1,136 | - |
| Other amounts payable47/48 | €31,153 | €891 | €61,453 | €100,000 | €178,026 | ▲ 78.0% |
| Accrued charges and deferred income492/3 | - | - | €555,879 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,305 | €77,107 | €3,041 | €197,531 | €174,569 | ▼ 11.6% |
| + Depreciation and write-downs630 | €7,879 | €13,228 | €19,599 | €33,077 | €42,845 | ▲ 29.5% |
| Operating cash flow (approximation) | €66,184 | €90,335 | €22,639 | €230,608 | €217,414 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | -€64,444 | -€2,041 | -€130,777 | -€9,779 | ▲ 92.5% |
| Change in cash | - | €15,793 | -€14,340 | €212,766 | -€19,954 | ▼ 109% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €200,000Eq €259,100 ▲40.4%
5 profitable years in a row build equity to €259,100.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2021net €197,531 ▲6,396%
Operating result €264,346, net result €197,531, both a record.
31-12
Financial
Equity above €150,000Eq €184,531 ▲112%
4 profitable years in a row build equity to €184,531.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €3,041 ▼96.1%
Net result drops to €3,041, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.27
Current ratio from 1.43 to 3.27.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €100,000Eq €145,412 ▲113%
2 profitable years in a row build equity to €145,412.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Deinze · 2 establishment units since 2020
Ground area
3,158 m²
Building footprint
1,574 m²
Volume, LiDAR
7,810 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Moa-Projects
since 20202.308.397.882
Moa-Projects
since 20242.386.771.310
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44027B1002/00A000 | Flanders | 2,322 m² | 1 · 143 m² | 8.4 m · 2 fl. |
| 44080E0323/00H000 | Flanders | 835 m² | 1 · 1,431 m² | 6.4 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.
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Of 257 companies in sector 27402 we hold annual accounts for 157. 115 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
Founded10-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
27402Manufacture of electrical equipment
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31002Manufacture of furniture
47551Retail sale of household furniture
47559Retail sale of other household articles
47791Retail sale of antiques
Contact
Website
www.moa-projects.com
E-mail
info@moa-projects.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753918246
Also
9925:BE0753918246
Registered
09-01-2025
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.