MoElek
ActiveSummary
The computed 12-month bankruptcy probability of MoElek is 3.4% (moderate). The 2024 annual accounts show equity of €5k and a net result of €-613. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 15% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-11
Solvency37▼-5
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.08 against 1.13 in 2023; short-term debt: 83.5% and cash: 11.2% of total assets), and 88.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
11.6%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
30 d late
2022
28 d early
2021
166 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€76k
EBIT margin
30.7%
Net result
€-613
2023 · €2k
2021: €19k
2022: €-2k
2023: €2k
2021 → 2024
Working capital
€3k▲ 11.5%
2023 · €3k
2021: €5k
2022: €-2k
2023: €3k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€76k-
Equity€5k-€3k▼ 37.9%€5k▲ 70.5%€5k▼ 11.5%
Operating result€23k-€-213€3k€-268
Net result€19k-€-2k€2k€-613
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €268 after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€4k ▼ 56.0%
Current assets
€37k ▲ 63.5%
Equity and liabilities €40k
Equity
€5k ▼ 11.5%
Debt
€36k ▲ 38.5%
Debt's share of the balance-sheet total rises from 82.9% to 88.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▼
2023 · €9k
Cash flow
€7k▼
2023 · €8k
Current ratio
1.08▼
2023 · 1.13
Quick ratio
1.02▼
2023 · 1.13
Debt to equity
7.60▲
2023 · 4.86
ROE
-13.0%▼
2023 · 41.4%
ROA
-1.5%▼
2023 · 7.1%
Interest coverage
19.15▼
2023 · 21.26
Debt ≤ 1 year
€34k▲
2023 · €20k
Debt > 1 year
€2k▼
2023 · €6k
Staff costs
€13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€31k€40k▲
Fixed assets21/28€9k€4k▼
Tangible fixed assets22/27€9k€4k▼
Plant, machinery and equipment23-€31
Furniture and vehicles24€9k€3k▼
Other tangible fixed assets26-€1k
Current assets29/58€22k€37k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€20k€30k▲
Trade receivables40€17k€28k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€31k€40k▲
Equity10/15€5k€5k▼
Contributions10/11€5k€5k=
Reserves13€311-
Distributable reserves133€311-
Profit (loss) carried forward14-€-301
Amounts payable17/49€26k€36k▲
Amounts payable after more than one year17€6k€2k▼
Financial debts170/4€6k€2k▼
Amounts payable within one year42/48€20k€34k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€8k€16k▲
Suppliers440/4€8k€16k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€1k▼
Remuneration and social security454/9-€8k
Other amounts payable47/48€5k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€717€1k▲
Gross operating margin9900€10k€21k▲
Operating profit (loss)9901€3k€-268▼
Financial income75/76B-€24
Recurring financial income75-€24
Financial charges65/66B€417€368▼
Recurring financial charges65€417€368▼
Profit (loss) for the period before taxes9903€2k€-613▼
Income taxes67/77€266-
Profit (loss) for the period9904€2k€-613▼
Profit (loss) for the period to be appropriated9905€2k€-613▼
Appropriation of the result
Profit (loss) to be appropriated9906€311€-613▼
Profit (loss) brought forward from the previous period14P€-2k-
Transfer from equity791/2-€311
Transfer to equity691/2€311-
To other reserves6921€311-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
13-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 166 days late
2022
31-12
Financial
Weakest financial yearnet €-2k ▼110%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Willebroek · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Edmond de Grimbergheplein 122830 WillebroekGround area
141 m²
Building footprint
94 m²
Volume, LiDAR
586 m³
Parcel 12342C0450/00T010, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MoElek
since 20202.310.488.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12342C0450/00T010 | Flanders | 141 m² | 1 · 94 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AC CABLING
BE 0526.823.826
Lincent · Eq €4,695
M2 TECH ELEC FIBRE
BE 1011.112.063
Sint-Jans-Molenbeek · Eq €4,703
De Bruyne EW
BE 0871.307.349
Heist-op-den-Berg · Eq €4,682
Unifine
BE 0729.871.154
Lebbeke · Eq €4,727
HARD ELEC
BE 0474.339.797
Manhay · Eq €4,668
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 3,541 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33130Repair, maintenance and installation of machinery and equipment
41001General construction of residential buildings
71112Activities of interior architects
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.