BMORE
ActiveSummary
BMORE has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€90,299) and a net result of -€1,970. Equity is shrinking by about 9.8% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- -€90,299
- Loss
- -€1,970
Why 54raises riskCapped at 59: negative equityNegative equity -€90,299lowers riskSize: total assets €79,062Founded in 2015No main activity registeredShow the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 5% on liquidity, 43% on profitability and 37% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 113 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €1,068 after a loss of €3,347 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 2,333 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 90.6% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,333 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,326 | €28,058 | €23,520 | €23,520 | €23,307 | €23,307 | €23,307 | €21,445 | ▼ 8.0% |
| Other operating charges640/8 | - | - | - | €5,918 | €4,504 | €2,469 | €2,586 | €2,678 | ▲ 3.6% |
| Gross operating margin9900 | -€10,305 | €27,036 | €19,929 | €21,670 | €27,639 | €25,100 | €22,546 | €25,191 | ▲ 11.7% |
| Operating profit (loss)9901 | -€42,521 | -€1,021 | -€4,391 | -€7,769 | -€171 | -€676 | -€3,347 | €1,068 | - |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,941 | €4,569 | €4,005 | €3,528 | €3,037 | ▼ 13.9% |
| Recurring financial charges65 | €6,317 | €6,325 | €5,678 | €4,941 | €4,569 | €4,005 | €3,528 | €3,037 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | -€48,839 | -€7,346 | -€10,070 | -€12,710 | -€4,739 | -€4,681 | -€6,875 | -€1,970 | ▲ 71.4% |
| Profit (loss) for the period9904 | -€48,839 | -€7,346 | -€10,070 | -€12,710 | -€4,739 | -€4,681 | -€6,875 | -€1,970 | ▲ 71.4% |
| Profit (loss) for the period to be appropriated9905 | -€48,839 | -€7,346 | -€10,070 | -€12,710 | -€4,739 | -€4,681 | -€6,875 | -€1,970 | ▲ 71.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €262,568 | €230,114 | €205,941 | €182,608 | €161,205 | €135,683 | €100,033 | €79,062 | ▼ 21.0% |
| Fixed assets21/28 | €244,573 | €216,515 | €192,995 | €169,475 | €146,168 | €122,861 | €99,555 | €78,110 | ▼ 21.5% |
| Tangible fixed assets22/27 | €244,573 | €216,515 | €192,995 | €169,475 | €146,168 | €122,861 | €99,555 | €78,110 | ▼ 21.5% |
| Land and buildings22 | - | - | - | €169,475 | €146,168 | €122,861 | €99,555 | €78,110 | ▼ 21.5% |
| Current assets29/58 | €17,995 | €13,598 | €12,946 | €13,134 | €15,037 | €12,821 | €478 | €952 | ▲ 99.2% |
| Stocks and contracts in progress3 | €12,678 | €12,678 | €12,678 | €12,678 | €12,678 | €12,678 | - | - | - |
| Stocks30/36 | - | - | - | €12,678 | €12,678 | €12,678 | - | - | - |
| Amounts receivable within one year40/41 | €4,148 | €889 | €106 | €106 | €2,342 | €106 | €106 | €95 | ▼ 10.7% |
| Trade receivables40 | - | - | - | - | €2,236 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €106 | €106 | €106 | €106 | €95 | ▼ 10.7% |
| Cash at bank and in hand54/58 | €1,169 | €31 | €161 | €349 | €16 | €36 | €371 | €857 | ▲ 131% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €262,568 | €230,114 | €205,941 | €182,608 | €161,205 | €135,683 | €100,033 | €79,062 | ▼ 21.0% |
| Equity10/15 | -€41,908 | -€49,254 | -€59,324 | -€72,033 | -€76,773 | -€81,454 | -€88,329 | -€90,299 | ▼ 2.2% |
| Contributions10/11 | - | - | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €800 | €800 | €800 | €800 | €800 | €800 | €800 | €800 | = |
| Non-distributable reserves130/1 | - | - | - | €800 | €800 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €800 | €800 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €800 | €800 | €800 | = |
| Profit (loss) carried forward14 | -€72,708 | -€80,054 | -€90,124 | -€102,833 | -€107,573 | -€112,254 | -€119,129 | -€121,099 | ▼ 1.7% |
| Amounts payable17/49 | €304,476 | €279,368 | €265,265 | €254,642 | €237,978 | €217,137 | €188,362 | €169,361 | ▼ 10.1% |
| Amounts payable after more than one year17 | €194,057 | €169,076 | €155,257 | €139,810 | €123,901 | €107,514 | €90,636 | €73,253 | ▼ 19.2% |
| Financial debts170/4 | - | - | - | €139,810 | €123,901 | €107,514 | €90,636 | €73,253 | ▼ 19.2% |
| Amounts payable within one year42/48 | €110,419 | €110,292 | €110,008 | €114,832 | €114,077 | €109,623 | €97,726 | €96,108 | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,446 | €15,910 | €16,387 | €16,878 | €17,384 | ▲ 3.0% |
| Trade debts44 | €10,388 | €7,638 | - | €6,708 | €2,616 | €1,616 | €2,152 | €3,831 | ▲ 78.1% |
| Suppliers440/4 | - | - | - | €6,708 | €2,616 | €1,616 | €2,152 | €3,831 | ▲ 78.1% |
| Taxes, remuneration and social security45 | - | - | - | €0 | €0 | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €92,677 | €95,552 | €91,620 | €78,696 | €74,893 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,839 | -€7,346 | -€10,070 | -€12,710 | -€4,739 | -€4,681 | -€6,875 | -€1,970 | ▲ 71.4% |
| + Depreciation and write-downs630 | €30,326 | €28,058 | €23,520 | €23,520 | €23,307 | €23,307 | €23,307 | €21,445 | ▼ 8.0% |
| Operating cash flow (approximation) | -€18,512 | €20,711 | €13,451 | €10,810 | €18,567 | €18,625 | €16,431 | €19,475 | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,138 | €130 | €188 | -€333 | €20 | €335 | €485 | ▲ 44.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-06-2026 | 2026-00156796 |
| 31-12-2024 | micro format | 28-05-2025 | 2025-00122888 |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00150295 |
| 31-12-2022 | micro format | 27-11-2023 | 2023-00521077 |
| 31-12-2021 | micro format | 23-11-2023 | 2023-00519844 |
| 31-12-2020 | micro format | 26-07-2021 | 2021-40900452 |
| 31-12-2019 | micro format | 21-07-2021 | 2021-39200204 |
| 31-12-2018 | micro format | 19-07-2021 | 2021-39200241 |
| 31-12-2017 | micro format | 12-11-2018 | 2018-72000097 |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-65800304 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MORREEL Bernard Alex Joos Albert |
|
Owners and capital
Capital and shareholders
- 22-12-2023 Converted to unavailable equity · €30,800
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
22-12
Gazette deed
Resignation: MORREEL Bernard Alex Joos Albert (manager)Reappointment: MORREEL Bernard Alex Joos Albert (director) · Purpose change · Capital conversion15 facts ▸
- General meeting, 19-12-2023
- Other provision, “bijzonder verslag wijziging voorwerp, bestuurder” (deed in Dutch)
- Purpose change
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, behoud besloten vennootschap (BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing”, 30800 (deed in Dutch)
- Amendment of the articles
- Power of attorney, Lien Van Cauwenbergh
- Director resignation, MORREEL Bernard Alex Joos Albert (manager)
- Director reappointment, MORREEL Bernard Alex Joos Albert (director (not named in the articles))
- Other provision, “geen verbod bestuurder, geen verbod ingevolge veroordeling of faillissement” (deed in Dutch)
- Other provision, “wettelijke vereisten en aansprakelijkheid bestuurders, vereisten bij bepaalde activiteiten en aansprakelijkheid voor gevoerd bestuur” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24111C0139/00W002 | Flanders | 770 m² | 1 · 166 m² | 10.6 m · 2 |
| 24505F0684/00H000 | Flanders | 149 m² | 1 · 129 m² | 15.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vennootschap heeft tot voorwerp, voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland:; *46190…” (deed in Dutch)
11 activities (deed in Dutch)
- De vennootschap heeft tot voorwerp, voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland:
- *46190 Handelsbemiddeling in goederen, algemeen assortiment;
- * 68100 Handel in eigen onroerend goed;
- * 68201 Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen;
- * 68203 Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen;
- Het aanleggen, uitbouwen, beheren en valoriseren van een roerend en/of onroerend patrimonium.
- Zij mag alle commerciële, industriële en financiële activiteiten en alle onroerend en roerend goed verhandelingen uitvoeren, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of deze activiteiten die haar zullen toelaten voordeel te halen voor haar ontwikkeling.
- De vennootschap zal de leiding en het toezicht, in haar hoedanigheid van bestuurder, vereffenaar of anderszins, kunnen uitoefenen over, en advies verschaffen aan aanverwante ondernemingen en dochtervennootschappen.
- De vennootschap mag bij wijze van inbreng in speciën of in natura, fusie, onderschrijving, deelneming, financiële tussenkomst of anderszins, belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen, in België of in het buitenland, waarvan het voorwerp verwant of analoog is met het hare of van aard haar voorwerp te bevorderen.
- Zij mag ook alle leningen toestaan of leningen door derden aan aanverwante vennootschappen toegestaan, waarborgen.
- Zij mag alle (al dan niet hypothecaire) kredieten afsluiten en hiertoe haar eigen goederen in pand geven, inclusief de eigen handelszaak.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BMORE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, aantal, duur opdracht, bevoegdheid bij meerdere bestuurders” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of May at 20:00