MOVING TARGET
0656.522.130 · rovalta.com · 21/09/2026
ACTIVE
MOVING TARGET
Financial year 2025 · closed on 31/12/2025
Net result
1,8 M €
-36.9% YoY
Gross margin
995,7 k €
-0.1% YoY
Equity
8,4 M €
+26.5% YoY
Workforce
0,0 ETP
Overview
What does MOVING TARGET do?
MOVING TARGET is a Private limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Sint-Niklaas.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0656.522.130
Incorporation
09/06/2016
Legal form
Private limited company
Registered office
Gentse Baan 66
9100 Sint-Niklaas · FlandreSee on map
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
2 000 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||
| Gross margin | 995,7 k € | -0.1% | 997 k € | +20386% | -4,9 k € | -41.6% | -3,5 k € | -101% | 298,4 k € | +190% | 103 k € | -92.2% | 1,3 M € | +25.8% | 1,1 M € | -5.4% | 1,1 M € |
| EBITDA | 994,6 k € | -0.1% | 995,9 k € | +16679% | -6 k € | -34.6% | -4,5 k € | -102% | 297,4 k € | +192% | 102 k € | -92.3% | 1,3 M € | +25.8% | 1,1 M € | -5.3% | 1,1 M € |
| Operating result | 994,6 k € | -0.1% | 995,9 k € | +16679% | -6 k € | -34.6% | -4,5 k € | -102% | 297,4 k € | +192% | 102 k € | -92.3% | 1,3 M € | +25.8% | 1,1 M € | -5.3% | 1,1 M € |
| Net result | 1,8 M € | -36.9% | 2,8 M € | +3259% | -88,4 k € | +22.0% | -113,4 k € | -168% | 166,7 k € | +1273% | 12,1 k € | -98.5% | 823,2 k € | +30.3% | 631,8 k € | +9.8% | 575,7 k € |
| Balance sheet | |||||||||||||||||
| Equity | 8,4 M € | +26.5% | 6,7 M € | +72.4% | 3,9 M € | -2.2% | 3,9 M € | -2.8% | 4,1 M € | +4.3% | 3,9 M € | +0.3% | 3,9 M € | +26.9% | 3,1 M € | +18.7% | 2,6 M € |
| Total assets | 9 M € | +33.5% | 6,7 M € | +20.8% | 5,6 M € | -8.7% | 6,1 M € | -2.9% | 6,3 M € | -5.7% | 6,6 M € | -2.7% | 6,8 M € | +0.5% | 6,8 M € | +4.9% | 6,5 M € |
| Cash | 23,8 k € | -19.8% | 29,6 k € | -49.8% | 59 k € | +109% | 28,2 k € | -86.5% | 208 k € | +2391% | 8,4 k € | -74.5% | 32,7 k € | -88.1% | 274,1 k € | +467% | 48,4 k € |
| Debts | 549,6 k € | +786% | 62 k € | -96.2% | 1,6 M € | -20.4% | 2 M € | -4.4% | 2,1 M € | -20.2% | 2,7 M € | -4.8% | 2,8 M € | -21.9% | 3,6 M € | -2.6% | 3,7 M € |
| Other | |||||||||||||||||
| Workforce | 0,0 ETP | 0,0 ETP | 0,0 ETP | – | – | – | – | – | – | ||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 6 ended
Active mandates
Frank Flebus
ActivePatrick Van Baelen
ActiveEnded mandates
Frank Flebus
EndedFrank Flebus
EndedPatrick Van Baelen
EndedPatrick Van Baelen
EndedAt this address
Other companies at this address
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|---|---|
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Janssen - Fritsen● Active | 0413.424.292 |
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MicroTechniX● Active | 0502.409.817 |
Nutriad International● Active | 0436.710.430 |
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SMARTIFY● Active | 0843.642.157 |
| 0539.901.604 | |
Xpertdoc● Active | 0477.834.668 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 20/03/2026 | 17/06/2025 | 27/06/2024 | 22/08/2023 | 26/07/2022 | 25/06/2021 |
| General meeting | 20/03/2026 | 13/06/2025 | 14/06/2024 | 09/06/2023 | 10/06/2022 | 11/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
9 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 20/03/2026 | 20/03/2026 | Dutch | |
| Abridged model | 31/12/2024 | 13/06/2025 | 17/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 14/06/2024 | 27/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 09/06/2023 | 22/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 10/06/2022 | 26/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 11/06/2021 | 25/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 12/06/2020 | 23/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 14/06/2019 | 28/06/2019 | Dutch | |
| Micro model | 31/12/2017 | 08/06/2018 | 09/08/2018 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 6 ended
Active mandates
Frank Flebus
ActivePatrick Van Baelen
ActiveEnded mandates
Frank Flebus
EndedFrank Flebus
EndedPatrick Van Baelen
EndedPatrick Van Baelen
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,8 M €↓
- 2024Annual accounts 20242,8 M €↑
- 2023Annual accounts 2023-88,4 k €↑
- 2022Annual accounts 2022-113,4 k €↓
- 2021Annual accounts 2021166,7 k €↑
- 2020Annual accounts 202012,1 k €↓
- 2019Annual accounts 2019823,2 k €↑
- 2018Annual accounts 2018631,8 k €↑
- 2017Annual accounts 2017575,7 k €
- 09/06/2016IncorporationPrivate limited company