ETS Morphée
ActiveETS Morphée has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-21
Solvency80▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.34 in 2024; short-term debt: 44.8% and cash: 42.6% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.8%
Return on assets
8.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €18k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
44 d early
2023
58 d early
2022
35 d early
2021
41 d early
2020
24 d early
2019
38 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€18k▲ 18.0%
2024 · €16k
2018: €5k
2019: €401
2020: €2k
2021: €-2k
2022: €3k
2023: €8k
2024: €16k
2018 → 2025
Total assets
€34k▲ 42.3%
2024 · €24k
2018: €26k
2019: €14k
2020: €18k
2021: €23k
2022: €22k
2023: €25k
2024: €24k
2018 → 2025
Net result
€3k▼ 62.4%
2024 · €7k
2018: €11k
2019: €-4k
2020: €2k
2021: €-10k
2022: €5k
2023: €5k
2024: €7k
2018 → 2025
Working capital
€16k▲ 44.0%
2024 · €11k
2018: €557
2019: €-3k
2020: €-1k
2021: €-4k
2022: €-6k
2023: €2k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€3k€8k▲ 165%€16k▲ 92.1%€18k▲ 18.0%
Operating result€-10k-€5k€5k▼ 9.7%€8k▲ 75.8%€4k▼ 47.8%
Net result€-10k-€5k€5k▼ 0.3%€7k▲ 48.0%€3k▼ 62.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€3k▼ 36.5%
Current assets
€31k▲ 62.7%
Equity and liabilities €34k
Equity
€18k▲ 18.0%
Debt
€15k▲ 89.5%
The debt ratio rises from 34.0% to 45.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €10k
Cash flow
€5k▼
2024 · €10k
Solvency
54.8%▼
2024 · 66.0%
Current ratio
2.03▼
2024 · 2.34
Quick ratio
1.96▼
2024 · 2.22
Debt / equity
0.83▲
2024 · 0.51
ROE
15.3%▼
2024 · 47.9%
ROA
8.4%▼
2024 · 31.7%
Interest coverage
22.57▼
2024 · 45.03
Debt
€15k▲
2024 · €8k
Debt ≤ 1 year
€15k▲
2024 · €8k
Income taxes
€1k▲
2024 · €524
Staff costs
€24k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€24k€34k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€4k€2k▼
Financial fixed assets28€659€659=
Current assets29/58€19k€31k▲
Stocks and contracts in progress3€984€1k▲
Stocks30/36€984€1k▲
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€9k€13k▲
Other amounts receivable41€5€774▲
Cash at bank and in hand54/58€7k€14k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€24k€34k▲
Equity10/15€16k€18k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Profit (loss) carried forward14€3k€6k▲
Amounts payable17/49€8k€15k▲
Amounts payable within one year42/48€8k€15k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€803€2k▲
Other amounts payable47/48€4k€6k▲
Accrued charges and deferred income492/3-€150
Income statement
Code20242025
Non-recurring operating income76A€466€80▼
Remuneration, social security and pensions62€23k€24k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€34k€31k▼
Operating profit (loss)9901€8k€4k▼
Financial income75/76B€2€10▲
Recurring financial income75€2€10▲
Financial charges65/66B€233€269▲
Recurring financial charges65€233€269▲
Profit (loss) for the period before taxes9903€8k€4k▼
Income taxes67/77€524€1k▲
Profit (loss) for the period9904€7k€3k▼
Profit (loss) for the period to be appropriated9905€7k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€6k▲
Profit (loss) brought forward from the previous period14P€-4k€3k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.34
Current ratio from 1.12 to 2.34; short-term debt falls from €16k to €8k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-10k ▼760%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, La Bruyère · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Grand'Mère, Emines 195080 La BruyèreGround area
3,598 m²
Building footprint
536 m²
Volume, LiDAR
3,263 m³
Parcel 92036B0201/00F002, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PIECES OCCASIONS MORPHEE
since 20142.235.747.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92036B0201/00F002 | Wallonia | 3,598 m² | 1 · 536 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AUTOPARTS PLUS COPPENS
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Of 2,444 companies in sector 47820 we hold annual accounts for 777. 435 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-10-2014
Fiscal year end31-12
Activities, NACEBEL
45204
47820Retail sale of motor vehicle parts and accessories
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:piecesoccasions@morphee.be
Phone:0490/191999