MOERNAUT
ActiveSummary
MOERNAUT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €68k. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+5
Solvency31▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.0 in 2024; short-term debt: 94.1% and cash: 3.4% of total assets), and 94.1% of the assets are financed with debt.
Credit check for your own amount and term
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
5.9%
Return on assets
5.4%
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 15% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 15%
← weakest
strongest →
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 05-03-2026, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
148 d early
2024
27 d early
2023
2 d early
2022
13 d early
2021
100 d early
2020
20 d late
2019
17 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
Turnover
€191k
EBIT margin
-35.0%
Net result
€68k▲ 782%
2024 · €8k
2018: €7k
2019: €-67k▼ -1117% vs 2018lowest in 8 years
2020: €29k▲ +143% vs 2019
2021: €24k▼ -16.4% vs 2020
2022: €5k▼ -78.7% vs 2021
2023: €62k▲ +1093% vs 2022
2024: €8k▼ -87.5% vs 2023
2025: €68k▲ +782% vs 2024highest in 8 years
2018 → 2025
Working capital
€74k▲ 1,289%
2024 · €5k
2018: €-61k
2019: €-127k▼ -107% vs 2018lowest in 8 years
2020: €-96k▲ +24.4% vs 2019
2021: €-72k▲ +25.0% vs 2020
2022: €-66k▲ +8.5% vs 2021
2023: €-3k▲ +95.2% vs 2022
2024: €5k▲ +269% vs 2023
2025: €74k▲ +1289% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-68k-€-63k▲ 7.6%€-902▲ 98.6%€7k€75k▲ 999%
2021: €-68klowest in 5 years
2022: €-63k▲ +7.6% vs 2021
2023: €-902▲ +98.6% vs 2022
2024: €7k▲ +854% vs 2023
2025: €75k▲ +999% vs 2024highest in 5 years
Operating result€24k-€524▼ 97.8%€62k▲ 11,699%€8k▼ 87.4%€68k▲ 776%
2021: €24k
2022: €524▼ -97.8% vs 2021lowest in 5 years
2023: €62k▲ +11699% vs 2022
2024: €8k▼ -87.4% vs 2023
2025: €68k▲ +776% vs 2024highest in 5 years
Net result€24k-€5k▼ 78.7%€62k▲ 1,093%€8k▼ 87.5%€68k▲ 782%
2021: €24k
2022: €5k▼ -78.7% vs 2021lowest in 5 years
2023: €62k▲ +1093% vs 2022
2024: €8k▼ -87.5% vs 2023
2025: €68k▲ +782% 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
The operating result recovers in 2025; 2025 is 776% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€680 ▼ 53.7%
Current assets
€1.27M ▲ 1.7%
Equity and liabilities €1.27M
Equity
€75k ▲ 999%
Debt
€1.19M ▼ 3.8%
Debt's share of the balance-sheet total falls from 99.5% to 94.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▲
2024 · €9k
Cash flow
€69k▲
2024 · €8k
Current ratio
1.06▲
2024 · 1.00
Debt to equity
15.93
ROE
90.9%▼
2024 · 113.3%
ROA
5.4%▲
2024 · 0.6%
Interest coverage
953.22▲
2024 · 127.21
Debt ≤ 1 year
€1.19M▼
2024 · €1.24M
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.27M▲
Fixed assets21/28€1k€680▼
Tangible fixed assets22/27€1k€680▼
Land and buildings22€1k€529▼
Furniture and vehicles24€412€151▼
Current assets29/58€1.24M€1.27M▲
Amounts receivable within one year40/41€177k€70k▼
Trade receivables40€177k€70k▼
Other amounts receivable41€19€0▼
Current investments50/53€1.05M€1.15M▲
Cash at bank and in hand54/58€17k€43k▲
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.27M▲
Equity10/15€7k€75k▲
Contributions10/11€90k€90k=
Reserves13€35k€35k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€-118k€-50k▲
Amounts payable17/49€1.24M€1.19M▼
Amounts payable within one year42/48€1.24M€1.19M▼
Trade debts44€12k€5k▼
Suppliers440/4€12k€5k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0€3k▲
Taxes450/3€0€3k▲
Other amounts payable47/48€1.23M€1.18M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€790€790=
Other operating charges640/8€396€185▼
Gross operating margin9900€9k€69k▲
Operating profit (loss)9901€8k€68k▲
Financial income75/76B€10€49▲
Recurring financial income75€10€49▲
Financial charges65/66B€67€72▲
Recurring financial charges65€67€72▲
Profit (loss) for the period before taxes9903€8k€68k▲
Profit (loss) for the period9904€8k€68k▲
Profit (loss) for the period to be appropriated9905€8k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-118k€-50k▲
Profit (loss) brought forward from the previous period14P€-125k€-118k▲
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €900 | €900 | €790 | €790 | = |
| Other operating charges640/8 | €489 | €515 | €236 | €396 | €185 | ▼ 53.2% |
| Gross operating margin9900 | €26k | €2k | €63k | €9k | €69k | ▲ 671% |
| Operating profit (loss)9901 | €24k | €524 | €62k | €8k | €68k | ▲ 776% |
| Financial income75/76B | €16 | €5k | €1 | €10 | €49 | ▲ 394% |
| Recurring financial income75 | €16 | €5k | €1 | €10 | €49 | ▲ 394% |
| Financial charges65/66B | €66 | €161 | €62 | €67 | €72 | ▲ 7.3% |
| Recurring financial charges65 | €66 | €161 | €62 | €67 | €72 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €24k | €5k | €62k | €8k | €68k | ▲ 782% |
| Profit (loss) for the period9904 | €24k | €5k | €62k | €8k | €68k | ▲ 782% |
| Profit (loss) for the period to be appropriated9905 | €24k | €5k | €62k | €8k | €68k | ▲ 782% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163k | €1.25M | €1.25M | €1.25M | €1.27M | ▲ 1.6% |
| Fixed assets21/28 | €4k | €3k | €2k | €1k | €680 | ▼ 53.7% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €1k | €680 | ▼ 53.7% |
| Land and buildings22 | €3k | €2k | €2k | €1k | €529 | ▼ 50.0% |
| Plant, machinery and equipment23 | €219 | €109 | €0 | - | - | - |
| Furniture and vehicles24 | €1k | €934 | €673 | €412 | €151 | ▼ 63.4% |
| Current assets29/58 | €159k | €1.25M | €1.25M | €1.24M | €1.27M | ▲ 1.7% |
| Amounts receivable within one year40/41 | €137k | €192k | €190k | €177k | €70k | ▼ 60.4% |
| Trade receivables40 | €137k | €191k | €190k | €177k | €70k | ▼ 60.4% |
| Other amounts receivable41 | €0 | €2k | €0 | €19 | €0 | ▼ 100% |
| Current investments50/53 | - | €1.05M | €1.05M | €1.05M | €1.15M | ▲ 9.5% |
| Cash at bank and in hand54/58 | €22k | €9k | €9k | €17k | €43k | ▲ 160% |
| Deferred charges and accrued income490/1 | €0 | - | €1k | €0 | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163k | €1.25M | €1.25M | €1.25M | €1.27M | ▲ 1.6% |
| Equity10/15 | €-68k | €-63k | €-902 | €7k | €75k | ▲ 999% |
| Contributions10/11 | €90k | €90k | €90k | €90k | €90k | = |
| Reserves13 | €35k | €35k | €35k | €35k | €35k | = |
| Non-distributable reserves130/1 | €9k | €9k | €9k | €0 | - | - |
| Reserves not available under the articles1311 | €9k | €9k | €9k | €0 | - | - |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €7k | €7k | €7k | €16k | €16k | = |
| Profit (loss) carried forward14 | €-192k | €-187k | €-125k | €-118k | €-50k | ▲ 57.8% |
| Amounts payable17/49 | €231k | €1.32M | €1.25M | €1.24M | €1.19M | ▼ 3.8% |
| Amounts payable within one year42/48 | €231k | €1.32M | €1.25M | €1.24M | €1.19M | ▼ 3.8% |
| Trade debts44 | €51k | €59k | €7k | €12k | €5k | ▼ 55.9% |
| Suppliers440/4 | €51k | €59k | €7k | €12k | €5k | ▼ 55.9% |
| Advances received on contracts in progress46 | - | - | €13k | €0 | - | - |
| Taxes, remuneration and social security45 | €4k | €0 | €331 | €0 | €3k | - |
| Taxes450/3 | €4k | €0 | €331 | €0 | €3k | - |
| Other amounts payable47/48 | €176k | €1.26M | €1.23M | €1.23M | €1.18M | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €5k | €62k | €8k | €68k | ▲ 782% |
| + Depreciation and write-downs630 | €1k | €900 | €900 | €790 | €790 | = |
| Operating cash flow (approximation) | €25k | €6k | €63k | €8k | €69k | ▲ 709% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-13k | €113 | €8k | €27k | ▲ 250% |
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
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €68k ▲782%
Operating result €68k, net result €68k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 1989
Ground area
1,371 m²
Building footprint
142 m²
Volume, LiDAR
1,200 m³
Parcel 12030D0513/00P000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Hoek ten Eiken 18, 2870 Puurs-Sint-Amands
since 19892.042.006.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12030D0513/00P000 | Flanders | 1,370 m² | 1 · 142 m² | 11.9 m · 3 fl. |
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.
Similar companies · same sector, comparable size
MF CONTRACTORS
BE 0683.699.055
Jodoigne · Eq €74,640
DA CONSTRUCTIONS
BE 0685.783.169
Wommelgem · Eq €74,559
DIBROVA
BE 1007.348.661
Eeklo · Eq €74,479
DB Design & Build
BE 0549.976.538
Keerbergen · Eq €75,228
Uligro
BE 1009.149.101
Pajottegem · Eq €75,883
Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 733 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
Founded17-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.