Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MOVU from Lokeren, company number BE0774931416, closed financial year 2025 with a result of € -42.8 million after tax. For that financial year MOVU recorded revenue of € 130.5 million and equity of € 36.3 million. Compared with financial year 2024, the result moved from € -19.2 million to € -42.8 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 36.3 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -42.8 million
▼ 122 % more loss than in 2024
Profit after tax over the fiscal year.
€ 958,401
▲ € 827,288 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -568,331.
People and assets in 2025
298.6
▲ 62.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 26.5 million
▲ 38% vs 2024
€ 88,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.5 million
▲ 51% vs 2024
Of which on lease € 81,642.
Debts at end 2025
€ 76.3 million
▲ 266% vs 2024
€ 28,038 is repaid this year. At this pace the long-term loan is gone in ≈ 2647 years.
€ 45.9 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 110 days on average.
€ 4.8 million
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 27,820,289 | € 70,799,388 | € 103,939,641 | € 130,506,777 | ▲ 26% |
| Profit after taxes | € -3,812,405 | € -20,393,137 | € -19,246,734 | € -42,762,321 | ▼ € 23.5 million |
| Equity | € 3,175,894 | € 8,282,758 | € 39,036,023 | € 36,273,702 | ▼ 7% |
| Total debts | € 68,292,976 | € 123,248,709 | € 131,333,848 | € 157,091,642 | ▲ 20% |
| Cash | - | € 1,324,529 | € 131,113 | € 958,401 | ▲ € 827,288 |
| Land & buildings | € 209,865 | € 993,009 | € 1,189,263 | € 1,169,282 | ▼ 2% |
| Retained profit | € -3,812,405 | € -2,828,629 | € 2,422,209 | € -568,331 | ▼ € 3 million |
| Bank debt | € 43,564,993 | € 20,275,187 | € 20,862,106 | € 76,281,249 | ▲ 266% |
| Balance sheet total | € 71,962,816 | € 132,514,965 | € 171,419,276 | € 194,419,078 | ▲ 13% |
| Employees (FTE) | 56.4 | 136.2 | 236.5 | 298.6 | ▲ 62.1 |
Key figures of MOVU, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MOVU?
What happened at MOVU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Coulongeat Christophe stepped down as director. NBB
- Tom GYSENS BV stepped down as director. NBB
- DEVUMA BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 42.8 million. Source: NBB ↗
- Coulongeat Christophe became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Lokeren. KBO
- Tom GYSENS BV became a director. NBB
In short
From € 3.8 million loss in 2022 to € 42.8 million loss in 2025.
Pays suppliers within 110 days on average.
A new publication or filing at MOVU? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Stow International NV (100%). It owns 100% of Movu US Inc., 100% of Movu France SAS and 68.6% of Movu Deutschland Gmbh itself.
Directors
According to the 2025 annual accounts
Director · represented by Tom GYSENS
Also active at: STOW INTERNATIONAL, Stow, Stow Belgium
since 2021 · until 2027
Coulongeat Christophe
Director
since 2025 · until 2031
Managing director · represented by Jos DE VUYST
Also active at: STOW INTERNATIONAL, REYNAERS ALUMINIUM, Ekopak, STEELCO INVEST, Stow, Stow Belgium
since 2021 · until 2027
Shareholders
Participations
Movu US Inc.
100%
Movu France SAS
100%
Movu Deutschland Gmbh
68.6%
Establishments
Establishment units
Physical locations of this company
Brandstraat 30
9160 Lokeren
Berchemstadionstraat 72
2600 Antwerpen
Active since 1 November 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.931.416
- VAT number
- BE 0774.931.416
- Registered office
- Brandstraat 30, 9160 Lokeren
- Names & denominations
- MOVU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 2021
- Peppol
- Active · Active since 24 Jun 2026
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Handelsbemiddeling in de groothandel in andere specifieke goederen
Vervaardiging van hijs-, hef- en transportwerktuigen