ACTIVE

MOVING TARGET

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Financial year 2025 · Closed on 31/12/2025

Net result1,8 M €-36,9 %over 1 year
Gross margin995,7 k €-0,1 %over 1 year
Equity8,4 M €+26,5 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

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
Contributed capital
2 000 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 9 filings

Trend over 9 financial years

20252024202320222021
Income statement
Gross margin995,7 k €997 k €-4,9 k €-3,5 k €298,4 k €
EBITDA994,6 k €995,9 k €-6 k €-4,5 k €297,4 k €
Operating result994,6 k €995,9 k €-6 k €-4,5 k €297,4 k €
Net result1,8 M €2,8 M €-88,4 k €-113,4 k €166,7 k €
Balance sheet
Equity8,4 M €6,7 M €3,9 M €3,9 M €4,1 M €
Total assets9 M €6,7 M €5,6 M €6,1 M €6,3 M €
Cash23,8 k €29,6 k €59 k €28,2 k €208 k €
Debts549,6 k €62 k €1,6 M €2 M €2,1 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Frank Flebus
Managersince 09/06/2016Director09/06/2016 → 2019 accountsended
Patrick Van Baelen
Managersince 09/06/2016Director09/06/2016 → 2019 accountsended

Other companies at this address

Gentse Baan 66 9100 Sint-Niklaas
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A&F VASTGOED● Active
0541.785.184
Experlogix Belgium● Active
0695.615.209
H2H● Active
0740.479.885
Janssen - Fritsen● Active
0413.424.292
Kantoor Automatisering Limburg● Active
0885.695.815
MicroTechniX● Active
0502.409.817
Nutriad International● Active
0436.710.430
OneXillium Belgium● Active
0541.787.659
SMARTIFY● Active
0843.642.157
VMEd' Oude Fruitveiling (deelvereniging), Gentse Baan 66 te 9100 Sint-Niklaas● Active
0539.901.604
Xpertdoc● Active
0477.834.668

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/03/202617/06/202527/06/202422/08/202326/07/202225/06/2021
General meeting20/03/202613/06/202514/06/202409/06/202310/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202520/03/202620/03/2026DutchPDF
Abridged model31/12/202413/06/202517/06/2025DutchPDF
Abridged model31/12/202314/06/202427/06/2024DutchPDF
Abridged model31/12/202209/06/202322/08/2023DutchPDF
Abridged model31/12/202110/06/202226/07/2022DutchPDF
Abridged model31/12/202011/06/202125/06/2021DutchPDF
Abridged model31/12/201912/06/202023/06/2020DutchPDF
Abridged model31/12/201814/06/201928/06/2019DutchPDF
Micro model31/12/201708/06/201809/08/2018DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Frank Flebus
Managersince 09/06/2016Director09/06/2016 → 2019 accountsended
Patrick Van Baelen
Managersince 09/06/2016Director09/06/2016 → 2019 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/07/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other13/06/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings9 filings
Mandates
Frank Flebus
Patrick Van Baelen
20162017201820192020202120222023202420252026
MOVING TARGET
Gentse Baan 66, 9100 Sint-Niklaas
ManagerDirector
ManagerDirector
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Gentse Baan 66, 9100 Sint-NiklaasCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00058072

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MOVING TARGETCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00058072

Events

  1. 2025
    Annual accounts 20251,8 M €↓
  2. 2024
    Annual accounts 20242,8 M €↑
  3. 2023
    Annual accounts 2023-88,4 k €↑
  4. 2022
    Annual accounts 2022-113,4 k €↓
  5. 2021
    Annual accounts 2021166,7 k €↑
  6. 2020
    Annual accounts 202012,1 k €↓
  7. 2019
    Annual accounts 2019823,2 k €↑
  8. 2018
    Annual accounts 2018631,8 k €↑
  9. 2017
    Annual accounts 2017575,7 k €
  10. 09/06/2016
    IncorporationPrivate limited company