ACTIVE

MOES

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Financial year 2024 · closed on 31/12/2024

Net result

1,3 M €

+138.1% YoY

Gross margin

2,1 M €

+7.0% YoY

Equity

7,5 M €

+20.5% YoY

Workforce

9,5 ETP

-16.7% YoY

What does MOES do?

MOES is a Public limited company incorporated in 2000. Its registered office is in Heers. It employs on average 9,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.330.504

Incorporation

22/11/2000

Legal form

Public limited company

Registered office

Opheersstraat(Oph.) 111
3870 Heers · FlandreSee on map

Contributed capital

581 739,29 €

Latest accounts

31/12/2024

Average workforce

9,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	2,1 M €	+7.0%	1,9 M €	+4.3%	1,9 M €	+14.6%	1,6 M €	-50.2%	3,3 M €	+67.5%	1,9 M €	+60.7%	1,2 M €	+8.1%	1,1 M €	+14.1%	983 k €	-8.9%	1,1 M €	+15.5%	934,5 k €	+17.7%	794,1 k €	+10.9%	716,1 k €	+21.1%	591,1 k €	+11.7%	529,3 k €	+3.7%	510,1 k €
EBITDA	1,5 M €	+17.6%	1,3 M €	+12.7%	1,2 M €	+17.6%	988,2 k €	-61.1%	2,5 M €	+75.0%	1,5 M €	+96.9%	737,4 k €	+22.0%	604,4 k €	+14.7%	527 k €	-14.7%	617,5 k €	+8.2%	570,7 k €	+36.6%	417,9 k €	+26.4%	330,6 k €	+24.6%	265,4 k €	-1.0%	268,1 k €	+0.3%	267,3 k €
Operating result	1,2 M €	+28.4%	915 k €	+10.3%	829,3 k €	+22.7%	675,7 k €	-70.7%	2,3 M €	+93.9%	1,2 M €	+150%	475,9 k €	+38.5%	343,6 k €	+40.0%	245,4 k €	-17.4%	297 k €	+128%	130,5 k €	-17.3%	157,8 k €	+7.9%	146,2 k €	+13.5%	128,9 k €	-8.9%	141,5 k €	+6.4%	133 k €
Net result	1,3 M €	+138%	536,9 k €	-8.0%	583,8 k €	+64.4%	355 k €	-81.0%	1,9 M €	+110%	889,3 k €	+210%	287,3 k €	+39.7%	205,7 k €	+155%	80,6 k €	-62.4%	214,2 k €	+4.4%	205,3 k €	-8.1%	223,4 k €	+480%	38,5 k €	+1804%	2 k €	-91.2%	22,9 k €	+38.2%	16,6 k €
Balance sheet
Equity	7,5 M €	+20.5%	6,2 M €	+9.3%	5,7 M €	+11.3%	5,1 M €	+7.4%	4,7 M €	+64.2%	2,9 M €	+47.0%	2 M €	+16.7%	1,7 M €	+15.1%	1,5 M €	+5.8%	1,4 M €	+18.1%	1,2 M €	+63.0%	718,2 k €	+44.3%	497,6 k €	+7.7%	461,9 k €	+1.8%	453,7 k €	+13.6%	399,5 k €
Total assets	15,4 M €	+0.9%	15,3 M €	-0.9%	15,5 M €	+0.1%	15,4 M €	+16.8%	13,2 M €	+11.9%	11,8 M €	+3.0%	11,5 M €	+74.0%	6,6 M €	+25.7%	5,2 M €	+0.4%	5,2 M €	+0.2%	5,2 M €	+30.6%	4 M €	+4.6%	3,8 M €	-3.1%	3,9 M €	-2.1%	4 M €	+2.9%	3,9 M €
Cash	2,6 M €	+605%	363,7 k €	-30.0%	519,5 k €	-50.7%	1,1 M €	-64.4%	3 M €	+844%	313,3 k €	-16.4%	374,6 k €	+233%	112,5 k €	-64.9%	320,5 k €	+1458%	20,6 k €	-95.7%	482,3 k €	+321%	114,4 k €	-3.8%	118,9 k €	+84.3%	64,5 k €	-57.3%	151,2 k €	+123%	67,8 k €
Debts	7,9 M €	-12.6%	9,1 M €	-6.8%	9,7 M €	-5.5%	10,3 M €	+21.8%	8,5 M €	-2.7%	8,7 M €	-6.6%	9,3 M €	+97.5%	4,7 M €	+29.6%	3,6 M €	-1.6%	3,7 M €	-4.8%	3,9 M €	+26.4%	3,1 M €	-1.4%	3,1 M €	-7.2%	3,4 M €	-3.7%	3,5 M €	+1.8%	3,4 M €
Other
Workforce	9,5 ETP	-16.7%	11,4 ETP	-26.5%	15,5 ETP	+29.2%	12,0 ETP	-10.4%	13,4 ETP	+6.3%	12,6 ETP	+8.6%	11,6 ETP	+34.9%	8,6 ETP	+4.9%	8,2 ETP	-18.8%	10,1 ETP	+4.1%	9,7 ETP	+32.9%	7,3 ETP	-6.4%	7,8 ETP	+18.2%	6,6 ETP	+13.8%	5,8 ETP	+9.4%	5,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Corinne BLISTIN

Managing director · since 29 décembre 2023 · until 17 août 2029

Active

Francis MOES

Managing director · since 29 décembre 2023 · until 17 août 2029

Active

Ended mandates

Corinne BLISTIN

Director · since 15 mai 2021 · until 15 mai 2027

Ended

Corinne BLISTIN

Managing director · since 15 mai 2021 · until 17 mai 2027

Ended

Francis MOES

Managing director · since 15 mai 2021 · until 15 mai 2027

Ended

Corinne Blistin

Mandate · since 15 mai 2015 · until 15 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
AMN● Active	0783.257.182
MAC● Active	0460.193.239

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	30/08/2024	29/08/2023	25/08/2022	31/08/2021	22/12/2020
General meeting	16/05/2025	17/05/2024	19/05/2023	20/05/2022	15/05/2021	15/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	16/05/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	22/12/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	19/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	14/08/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Corinne BLISTIN

Managing director · since 29 décembre 2023 · until 17 août 2029

Active

Francis MOES

Managing director · since 29 décembre 2023 · until 17 août 2029

Active

Ended mandates

Corinne BLISTIN

Director · since 15 mai 2021 · until 15 mai 2027

Ended

Corinne BLISTIN

Managing director · since 15 mai 2021 · until 17 mai 2027

Ended

Francis MOES

Managing director · since 15 mai 2021 · until 15 mai 2027

Ended

Corinne Blistin

Mandate · since 15 mai 2015 · until 15 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/12/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2005
ONTSLAGEN - BENOEMINGEN - DOEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office28/10/2003
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares25/08/2003
DOEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 2023536,9 k €↓
2022
Annual accounts 2022583,8 k €↑
2021
Annual accounts 2021355 k €↓
2020
Annual accounts 20201,9 M €↑
2019
Annual accounts 2019889,3 k €↑
2018
Annual accounts 2018287,3 k €↑
2017
Annual accounts 2017205,7 k €↑
2016
Annual accounts 201680,6 k €↓
2015
Annual accounts 2015214,2 k €↑
2014
Annual accounts 2014205,3 k €↓
2013
Annual accounts 2013223,4 k €↑
2012
Annual accounts 201238,5 k €↑
2011
Annual accounts 20112 k €↓
2010
Annual accounts 201022,9 k €↑
2009
Annual accounts 200916,6 k €
22/11/2000
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MOES

Overview

What does MOES do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline