Summary
MOERMAN CONSTRUCT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €303k and a net result of €158k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 8048 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €303k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
28 d late
2023
57 d early
2022
60 d late
2021
79 d late
2020
50 d early
2019
145 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€303k▲ 109%
2024 · €145k
2018: €31k
2019: €30k▼ -4.1% vs 2018
2020: €15k▼ -49.6% vs 2019
2021: €-3k▼ -120% vs 2020lowest in 8 years
2022: €40k▲ +1421% vs 2021
2023: €40k▲ +1.9% vs 2022
2024: €145k▲ +259% vs 2023
2025: €303k▲ +109% vs 2024highest in 8 years
2018 → 2025
Net result
€158k▲ 51.3%
2024 · €104k
2018: €-709
2019: €-1k▼ -81.5% vs 2018
2020: €-15k▼ -1045% vs 2019
2021: €-18k▼ -22.1% vs 2020lowest in 8 years
2022: €43k▲ +337% vs 2021
2023: €740▼ -98.3% vs 2022
2024: €104k▲ +14020% vs 2023
2025: €158k▲ +51.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.25M▼ 12.1%
2024 · €1.42M
2018: €33k
2019: €34k▲ +3.9% vs 2018
2020: €18k▼ -46.2% vs 2019lowest in 8 years
2021: €207k▲ +1021% vs 2020
2022: €379k▲ +83.4% vs 2021
2023: €923k▲ +143% vs 2022
2024: €1.42M▲ +53.7% vs 2023highest in 8 years
2025: €1.25M▼ -12.1% vs 2024
2018 → 2025
Solvency
24.3%▲ 14.1pp
2024 · 10.2%
2018: 94.0%highest in 8 years
2019: 86.7%▼ -7.7% vs 2018
2020: 81.4%▼ -6.2% vs 2019
2021: -1.5%▼ -102% vs 2020lowest in 8 years
2022: 10.5%▲ +820% vs 2021
2023: 4.4%▼ -58.1% vs 2022
2024: 10.2%▲ +133% vs 2023
2025: 24.3%▲ +138% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€40k€40k▲ 1.9%€145k▲ 259%€303k▲ 109%
2021: €-3klowest in 5 years
2022: €40k▲ +1421% vs 2021
2023: €40k▲ +1.9% vs 2022
2024: €145k▲ +259% vs 2023
2025: €303k▲ +109% vs 2024highest in 5 years
Operating result€-17k-€47k€16k▼ 66.4%€171k▲ 989%€272k▲ 59.2%
2021: €-17klowest in 5 years
2022: €47k▲ +382% vs 2021
2023: €16k▼ -66.4% vs 2022
2024: €171k▲ +989% vs 2023
2025: €272k▲ +59.2% vs 2024highest in 5 years
Net result€-18k-€43k€740▼ 98.3%€104k▲ 14,020%€158k▲ 51.3%
2021: €-18klowest in 5 years
2022: €43k▲ +337% vs 2021
2023: €740▼ -98.3% vs 2022
2024: €104k▲ +14020% vs 2023
2025: €158k▲ +51.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€608k ▲ 16.7%
Current assets
€639k ▼ 28.8%
Equity and liabilities €1.25M
Equity
€303k ▲ 109%
Debt
€944k ▼ 25.9%
Debt's share of the balance-sheet total falls from 89.8% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
52.2%▼
2024 · 72.1%
ROA
12.7%▲
2024 · 7.4%
Debt ≤ 1 year
€219k▲
2024 · €107k
Debt > 1 year
€725k▼
2024 · €1.17M
Income taxes
€55k▲
2024 · €27k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€1.25M▼
Fixed assets21/28€521k€608k▲
Tangible fixed assets22/27€521k€608k▲
Land and buildings22€517k€585k▲
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24-€16k
Current assets29/58€897k€639k▼
Stocks and contracts in progress3€825k€292k▼
Stocks30/36€825k€292k▼
Amounts receivable within one year40/41€26k€73k▲
Trade receivables40€7k€56k▲
Other amounts receivable41€18k€18k▼
Cash at bank and in hand54/58€40k€267k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.25M▼
Equity10/15€145k€303k▲
Contributions10/11€112k€112k=
Reserves13€33k€33k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14-€158k
Amounts payable17/49€1.27M€944k▼
Amounts payable after more than one year17€1.17M€725k▼
Financial debts170/4€1.17M€725k▼
Amounts payable within one year42/48€107k€219k▲
Current portion of amounts payable after more than one year42€7k€9k▲
Trade debts44€56k€81k▲
Suppliers440/4€56k€81k▲
Taxes, remuneration and social security45€2k€53k▲
Taxes450/3€2k€53k▲
Other amounts payable47/48€42k€75k▲
Accrued charges and deferred income492/3€198€198=
Income statement
Code20242025
Non-recurring operating income76A€110k€150k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€192k€297k▲
Operating profit (loss)9901€171k€272k▲
Financial income75/76B€471€492▲
Recurring financial income75€471€492▲
Financial charges65/66B€39k€59k▲
Recurring financial charges65€39k€59k▲
Profit (loss) for the period before taxes9903€132k€213k▲
Income taxes67/77€27k€55k▲
Profit (loss) for the period9904€104k€158k▲
Profit (loss) for the period to be appropriated9905€104k€158k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€158k▲
Profit (loss) brought forward from the previous period14P€-134k-
Transfer from equity791/2€30k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €27 | - | €110k | €150k | ▲ 36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €5k | €32k | €20k | €21k | ▲ 5.0% |
| Other operating charges640/8 | €711 | €731 | €1k | €1k | €2k | ▲ 73.7% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €5k | €52k | €49k | €192k | €297k | ▲ 54.9% |
| Operating profit (loss)9901 | €-17k | €47k | €16k | €171k | €272k | ▲ 59.2% |
| Financial income75/76B | €0 | - | €113 | €471 | €492 | ▲ 4.5% |
| Recurring financial income75 | €0 | - | €113 | €471 | €492 | ▲ 4.5% |
| Financial charges65/66B | €1k | €4k | €15k | €39k | €59k | ▲ 49.7% |
| Recurring financial charges65 | €1k | €4k | €15k | €39k | €59k | ▲ 49.7% |
| Profit (loss) for the period before taxes9903 | €-18k | €43k | €828 | €132k | €213k | ▲ 61.9% |
| Income taxes67/77 | - | - | €88 | €27k | €55k | ▲ 103% |
| Profit (loss) for the period9904 | €-18k | €43k | €740 | €104k | €158k | ▲ 51.3% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €43k | €740 | €104k | €158k | ▲ 51.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207k | €379k | €923k | €1.42M | €1.25M | ▼ 12.1% |
| Fixed assets21/28 | €181k | €257k | €510k | €521k | €608k | ▲ 16.7% |
| Tangible fixed assets22/27 | €181k | €257k | €510k | €521k | €608k | ▲ 16.7% |
| Land and buildings22 | €181k | €257k | €508k | €517k | €585k | ▲ 13.1% |
| Plant, machinery and equipment23 | - | - | €2k | €4k | €7k | ▲ 77.7% |
| Furniture and vehicles24 | - | - | - | - | €16k | - |
| Current assets29/58 | €26k | €122k | €413k | €897k | €639k | ▼ 28.8% |
| Stocks and contracts in progress3 | - | - | €358k | €825k | €292k | ▼ 64.7% |
| Stocks30/36 | - | - | €358k | €825k | €292k | ▼ 64.7% |
| Amounts receivable within one year40/41 | €9k | €105k | €30k | €26k | €73k | ▲ 186% |
| Trade receivables40 | €9k | €93k | €26k | €7k | €56k | ▲ 679% |
| Other amounts receivable41 | - | €12k | €4k | €18k | €18k | ▼ 4.4% |
| Cash at bank and in hand54/58 | €17k | €16k | €22k | €40k | €267k | ▲ 573% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €6k | €7k | ▲ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207k | €379k | €923k | €1.42M | €1.25M | ▼ 12.1% |
| Equity10/15 | €-3k | €40k | €40k | €145k | €303k | ▲ 109% |
| Contributions10/11 | €112k | €112k | €112k | €112k | €112k | = |
| Reserves13 | €63k | €63k | €63k | €33k | €33k | = |
| Distributable reserves133 | €63k | €63k | €63k | €33k | €33k | = |
| Profit (loss) carried forward14 | €-178k | €-135k | €-134k | - | €158k | - |
| Amounts payable17/49 | €210k | €339k | €882k | €1.27M | €944k | ▼ 25.9% |
| Amounts payable after more than one year17 | €188k | €229k | €769k | €1.17M | €725k | ▼ 37.8% |
| Financial debts170/4 | €188k | €229k | €769k | €1.17M | €725k | ▼ 37.8% |
| Amounts payable within one year42/48 | €22k | €111k | €112k | €107k | €219k | ▲ 105% |
| Current portion of amounts payable after more than one year42 | - | €5k | €15k | €7k | €9k | ▲ 28.3% |
| Trade debts44 | €269 | €82k | €46k | €56k | €81k | ▲ 44.9% |
| Suppliers440/4 | €269 | €82k | €46k | €56k | €81k | ▲ 44.9% |
| Taxes, remuneration and social security45 | €4k | €4k | €577 | €2k | €53k | ▲ 2,743% |
| Taxes450/3 | €4k | €4k | €577 | €2k | €53k | ▲ 2,743% |
| Other amounts payable47/48 | €17k | €19k | €51k | €42k | €75k | ▲ 80.2% |
| Accrued charges and deferred income492/3 | €204 | €198 | €548 | €198 | €198 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €43k | €740 | €104k | €158k | ▲ 51.3% |
| + Depreciation and write-downs630 | €21k | €5k | €32k | €20k | €21k | ▲ 5.0% |
| Operating cash flow (approximation) | €3k | €47k | €33k | €125k | €179k | ▲ 43.8% |
| Investment in fixed assets (approximation) | - | €-81k | €-285k | €-31k | €-108k | ▼ 245% |
| Change in cash | - | €-948 | €6k | €18k | €227k | ▲ 1,178% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €158k ▲51.3%
Operating result €272k, net result €158k, both a record.
31-12
Financial
Equity above €200kEq €303k ▲109%
4 profitable years in a row build equity to €303k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 8.39
Current ratio from 3.68 to 8.39; short-term debt falls from €112k to €107k.
31-12
Financial
Equity above €100kEq €145k ▲259%
3 profitable years in a row build equity to €145k.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.68
Current ratio from 1.10 to 3.68.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €43k
Net result €43k after 4 loss-making years.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
14-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 226 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Evergem · 1 establishment unit since 1991
Ground area
920 m²
Building footprint
114 m²
Parcel 44066C0027/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
MOERMAN CONSTRUCT
since 19912.051.962.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066C0027/00A000 | Flanders | 920 m² | 1 · 114 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 274 EUR awarded · 274 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 274 EUR | 274 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,773 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
Founded14-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
93110Operation of sports facilities
Contact
E-mail
annemie@torremoerman.be
E-mail
info@moermanconstruct.be
Phone
0477052139
Scores and ratios are computed by Checked and are not a credit decision.