About Motown Development
Motown Development is a private limited company (BV/SRL) based in Elsene, founded in 2017. Its main activity is classified as "Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies". For the 2024 financial year, Motown Development reported a loss of €439,234. That makes 7 loss-making financial years in a row for Motown Development. Revenue was not published, which is common for abbreviated accounts. The gross margin came to €27,950, down 89% on 2023. It employed an average of 2 full-time equivalents. Equity is negative (-€4.8 million): liabilities exceed assets. In 2017 it was €19,684. 8 annual accounts are available, covering 2017 to 2024.
- Sectors
- Consultancy firms Holding companies
- Activities
- Signals
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Negative equityNegative equity € -4.77M
Equity is negative: debts exceed assets (technically insolvent).
Reporting lossesReporting losses € -221KThe company reported a loss in the latest financial year.
Poor liquidityPoor liquidity 0.11The current ratio is below 1: may be insufficient to cover short-term debt.
Negative cashflowNegative cashflow € -392KOperating cash flow was negative in the latest financial year.
Negative EBITDANegative EBITDA € -174KEBITDA is negative: operating activities are loss-making.
Healthy social debtHealthy social debt 12.0%Social debts stay manageable relative to personnel costs.
Financial ratios
|
|
2024
|
2023
|
2022
|
2021
|
|---|---|---|---|---|
|
€
28K
|
€
250K
|
€
-341K
|
€
-1.42M
|
|
|
€
-174K
|
€
-42K
|
€
-502K
|
€
-1.62M
|
|
|
€
-439K
|
€
-293K
|
€
-651K
|
€
-1.74M
|
|
|
€
-4.77M
|
€
-4.33M
|
€
-4.04M
|
€
-3.39M
|
|
|
-1,231.06%
|
-525.66%
|
-413.71%
|
-310.62%
|
|
|
€
5.16M
|
€
5.15M
|
€
5.01M
|
€
4.48M
|
|
|
€
93K
|
€
81K
|
€
50K
|
€
63K
|
|
|
2
|
2
|
2
|
2
|
Publications 4
All publicationsFrequently asked questions
Answers to the most common questions about Motown Development, based on official government data and the filed annual accounts.
What is the VAT number of Motown Development?
The VAT number of Motown Development is BE0670.620.584.
How many employees work at Motown Development?
In 2024, Motown Development employed 2.00 full-time equivalents (FTE).
When was Motown Development established?
Motown Development was founded in 01-02-2017.
What is the official address of Motown Development?
The official address of Motown Development is Louizalaan 489 Elsene 1050.
What is the legal form of Motown Development?
The juridical form of Motown Development is Private limited company (BV/SRL).
What is the annual revenue of Motown Development?
The 2024 accounts of Motown Development do not report revenue. Smaller companies that file abbreviated accounts are not required to publish it.
Is Motown Development a reliable company?
Motown Development is a registered Rechtspersoon with company number 0670.620.584 and can be verified through the official CBE database.
What is the credit limit of Motown Development?
The estimated credit limit of Motown Development is €0.
Is Motown Development still active?
Motown Development currently has the status "Normal situation" and is active.