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ML CONCEPT

Active Private limited companyfounded 1990active for 36 yearsRue des Deux Luxembourg - ATHUS 4, 6791 AubangeKBO/BCE: BE 0440.098.502
ML CONCEPT
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Overview

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1990
peak €571,754 (2024)
€468,759▼ 18.0%
lowest -€13,696 (2011)
€56,711▼ 41.7%
peak €732,115 (2025)
€732,115▲ 3.1%
€217,115▲ 20.8%
peak 13 FTE (2015)
8.3 FTE▲ 7.8%
Board1 name since 2023
1 directorMOROSINI André-Marie
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Gross margin from €571,754 to €468,759Result from €97,341 to €56,711Dividend €35,000Debts from €179,683 to €217,115Cash from €77,481 to €213,124

Key points

from the 2025 annual accounts

Overdue debts

€371 on 31-12-2025

The annual accounts state €371 of overdue tax debts on 31-12-2025.

Equity

€732,115 ▲ 3.1%
710,4042024+56,711Profit-35,000Dividend732,1152025

ML CONCEPT paid out €35,000 in dividends. That is 62% of the 2025 profit.

Investments

€30,163 0.3 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

8 employees on 31-12-2025
182320212223202287202355202415172025

In 2025, 15 people joined and 17 left.

Filings

36 annual accounts since 1990
AprilJune31 JulyOctober1990200020102020

Nine of the last ten came late. The 2023 accounts came latest: 56 days after the end of the period.

Position in the sector

77.1%

Higher solvency than 85% of companies in specialised construction. Sector median 44.0% · 9,967 companies.

Checked score

95
Excellent
Financially stronger than 63% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.5 percentage points vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

100=equity 77.1% of total assets
72+17short-term debt 19.5% · cash 22.5%
72-11return on assets 6.0%

Score breakdown

raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 3.03, cash €213,124
Founded in 1990
Equity €732,115 (77.1% of total assets)
Calculation

The band follows from the bankruptcy probability. 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 (NACE 43, micro). It does better than 90% of them on solvency, 71% on liquidity, 41% on profitability and 48% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as ML CONCEPT has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ML CONCEPT itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for ML CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.03 (2.57 in 2024), above the usual 1.5. Short-term debt is 19.5% and cash 22.5% of total assets. 22.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 3.03, cash €213,124
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €732,115 (77.1% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
26 days late
2024
25 days late
2023
56 days late
2022
31 days late
2021
31 days late
2020
9 days late
2019
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MA
MOROSINI André-Marie
Director, since 13-12-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0440098502
Amendment of the articles · Legal-form change · Resignations & appointments Change of role: MOROSINI André-Marie, from manager to director · Director discharge: MOROSINI André-Marie · Gazette deed
First establishment Rue des Deux Luxembourg - ATHUS 4, Aubange
Incorporation published on 18-04-1990 · Gazette deed
All 47 events

Comparable companies

same main activity, similar in size and age
Company
ML CONCEPT Aubange €1.6m 4.5% 77.1% 8.3
MENUISERIE J. HORMAN Vaux-sur-Sûre €1.3m -0.2% 39.1% 6.9
SUYS - BRUGGEMAN Lokeren - - 10.5% 8.2
VAN TILBURG LEO Baarle-Hertog - - 84.2% 8.9
ROMACO Waregem - - 57.6% 8
JEF REMIJSEN Turnhout - - 87.8% 7.4
INDUSTRIE DU CHASSIS PHILIPPE Nivelles - - 89.9% 7.9
-10%0%10%20%€2m€20m€200mML CONCEPTEBIT margin

Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as ML CONCEPT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €805,000 and €1.1m, founded between 1986 and 1993.

Official details

Source: KBO
Status
Active since 28-03-1990Normal situation
Activity
Joinery installationNACE 43320and 2 others
Establishment unit
2.047.761.5556791 Aubange, since 05-04-1990
Financial year end
31 December
Peppol
Reachable since 02-01-2026
Company details

Annual accounts 2025

€1.6m▲ 3.4%
€56,711▼ 41.7%
€732,115▲ 3.1%
€949,230▲ 6.6%
Employeeson 31-12-2025
8▼ 20.0%
Filing
Filed on 26-08-2026
Financials

Insights on ML CONCEPT

ML CONCEPT files the abbreviated format. That format states no turnover. The gross margin rose from €259,061 in 2006 to €468,759 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 26-08-2026, 26 days late
€1.6m
▲ 3.4%
€73,373
▼ 46.4%
€175,325
▼ 29.9%
€158,663
▼ 24.7%
77.1%
▼ 2.7 percentage points
3.03
▲ 0.46

Money flows

of every €100 of turnover, €3.46 remains as profit in 2025

Balance sheet

balance sheet total €949,230 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

77.1%

Higher than 85% of 9,967 companies in 2025.

3.03

Higher than 75% of 9,830 companies in 2025.

6.0%

Higher than 52% of 9,899 companies in 2025.

ML CONCEPT Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€33,262

Staff costs divided by the average number of full-time equivalents.

-2 people

people who joined people who left

In 2025, 15 people joined and 17 left. Training hours in 2025: 4,945.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 949,230890,0871.0m1.0m1.0m808,598664,732806,934668,643740,699749,369731,752820,440788,890830,783893,042926,886854,181787,458850,215
20 -------------------2,240
21/28 389,293461,082546,012560,219506,785349,953321,799325,812337,978405,718463,884449,291485,413488,810557,709643,862711,414539,300505,517534,234
21 ----------006321,2641,8962,528---3,163
22/27 388,222460,011544,941559,148505,714348,882320,728324,741336,907404,647462,813448,220483,710486,475554,655640,336710,416538,302504,519527,833
22 200,144211,068205,560193,594153,765131,380129,720106,409142,137182,366225,952275,133329,433379,343436,652510,443586,377414,445414,335435,834
23 154,808196,726270,885313,212295,316177,806169,978198,527183,257206,268216,441144,103134,42078,313103,542106,22489,65988,50275,22471,683
24 33,27052,21668,49752,34256,63339,69621,03019,80511,51316,01320,42028,98419,85726,3395,2017,6298,47711,9895,7127,985
28 1,0711,0711,0711,0711,0711,0711,0711,0711,0711,0711,0711,0711,0711,0711,158998998998998998
29/58 559,938429,005491,866461,946542,048458,645342,933481,122330,665334,981285,485282,461335,027300,080273,074249,180215,472314,881281,941315,981
3 176,964174,365178,109170,163156,067124,293142,054136,845145,799145,682138,842139,834142,624131,920151,289125,235105,755108,975108,284125,668
30/36 176,964174,365178,109170,163156,067124,293142,054136,845145,799145,682138,842139,834142,624131,920151,289125,235105,755108,975108,284125,668
40/41 141,245139,45484,617114,111186,088117,661129,440175,35987,385160,32096,83797,324114,271155,07599,190108,133106,749199,267167,925183,501
40 84,196108,26143,09765,437146,483100,004117,533172,35286,210147,25192,37386,278105,913152,19278,78289,387101,512155,791125,648138,205
41 57,04931,19341,52048,67439,60517,65711,9073,0071,17513,0694,46411,0468,3582,88320,40818,7465,23743,47642,27745,296
50/53 25,23525,056------------------
54/58 213,12477,481213,920164,444187,903205,81661,822156,56387,46613,64539,85636,09961,4839,61017,8292,0718691,2141,8384,090
490/1 3,37012,64915,22013,22811,98910,8759,61712,35510,01515,3349,9509,20416,6493,4754,76613,7412,0995,4253,8942,722
Balance sheet: equity and liabilities
10/49 949,230890,0871.0m1.0m1.0m808,598664,732806,934668,643740,699749,369731,752820,440788,890830,783893,042926,886854,181787,458850,215
10/15 732,115710,404613,062552,930502,990437,041340,923309,566262,110224,503201,194201,494199,806209,830228,644257,275171,044153,424142,368123,821
10/11 100,087100,087100,08789,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,86189,861
100 ------102,256102,256102,256102,256102,256102,256102,256102,256102,256102,256102,256102,256102,256102,256
101 ------12,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,395
11 -----89,861--------------
1109/19 -----89,861--------------
13 8,73743,73743,73753,96353,96353,96353,96353,96353,96318,96318,96318,96318,96318,96318,96318,96318,96318,96318,96313,737
130/1 --010,22610,22610,226--------------
130 ------10,22610,22610,22610,22610,22610,22610,22610,22610,22610,22610,22610,22610,2265,000
1311 --010,22610,22610,226--------------
133 8,73743,73743,73743,73743,73743,73743,73743,73743,7378,7378,7378,7378,7378,7378,7378,7378,7378,7378,7378,737
14 623,291566,579469,238409,106359,166293,217197,099157,379100,41087,54053,38642,84033,32130,91134,79148,48730,9486,7561,629-15,764
15 -------8,36317,87628,13938,98449,83057,66170,09585,02999,96431,27237,84431,91535,987
16 ---------------2,0002,0008,20038,20038,200
160/5 ---------------2,0002,0008,20038,20038,200
17/49 217,115179,683424,816469,235545,842371,557323,809497,368406,533516,196548,175530,258620,634579,060602,139633,767753,842692,557606,890688,194
17 26,5895,18525,72651,29581,26431,26825,75541,21649,606128,793208,340144,098166,767182,752249,203262,657358,145257,601296,895384,371
170/4 26,5895,18525,72651,29581,26431,26825,75541,21649,606128,793208,340144,098166,767182,752249,203262,657358,145257,601296,895384,371
42/48 184,838167,043395,152412,615448,302335,113292,471433,599356,404386,709336,492385,941444,542393,911342,621367,463391,703430,089281,437302,309
42 55,04957,20753,07057,46862,99033,13031,96162,04679,18779,54777,83561,424217,949180,569124,19595,221101,782109,48787,47689,055
43 -0125,000125,000125,000125,000125,000125,000125,000126,133125,005150,005-15-76,11070,24776,49527,00965,084
430/8 -0125,000125,000125,000125,000125,000125,000125,000126,133125,005150,005-15-76,11070,24776,49527,00965,084
44 103,26272,265141,120186,197220,984111,73781,877166,39997,370110,30876,960115,927174,932155,077156,452137,979162,996194,018143,456115,896
440/4 103,26272,265141,120186,197220,984111,73781,877166,39997,370110,30876,960115,927174,932155,077156,452137,979162,996194,018143,456115,896
46 ---------9,2422,0004,250--------
45 22,51933,86036,30833,92630,49054,83044,83071,70746,39341,86835,14533,63436,74435,26131,49226,24621,54321,17616,57016,587
450/3 37166,7936,9731,28016,9227,71624,9976,6493253911,1663832111062,2786,2615,1461,997
454/9 22,14833,85429,51526,95229,20937,90837,11446,71039,74441,83635,09233,54335,57834,87831,28126,14019,26514,91511,42414,590
47/48 4,0093,71139,65510,0248,83810,4168,8038,4478,45419,61119,54720,70114,91722,98930,48231,90735,13528,9136,92615,687
492/3 5,6887,4553,9385,32416,2775,1765,58322,5535236943,3432199,3252,39710,3153,6473,9944,86728,5581,514
Income statement
70 1.6m1.6m---1.3m1.2m1.4m1.3m1.4m1.2m1.2m1.1m1.0m1.1m973,461925,509910,687820,184706,995
76A -----------3,162-------6,150
9900 468,759571,754464,328475,142484,174539,489473,588524,801509,489513,157458,106470,430419,480392,077370,134384,521350,794249,295295,105259,061
60/61 1.2m1.1m---773,228775,754863,986826,627860,872777,192689,040675,751617,005688,690588,940574,715661,392525,079447,934
62 276,073301,875262,562269,469304,337327,982341,224343,048341,728355,201310,352326,578275,627260,340225,643189,287151,212130,744106,977114,357
630 101,951113,379110,438109,08785,20762,56367,16496,116102,415110,724123,525124,926123,692120,363140,122137,731133,811109,779120,912105,695
635/8 ---------------2,000--6,200-30,000--
640/8 17,33719,68217,16226,43017,34414,30813,17213,63914,14313,35612,30312,18011,43911,36711,92714,28720,3289,4768,5198,067
66A 24-0553--3,500--186--1,514--124764-16050
9901 73,373136,81774,16669,60477,286134,63648,52871,99851,20333,69011,9266,7468,7227-5,55843,21651,64329,29658,69730,942
75/76B 5,5556,4155,5854,3542,9992,23610,92111,84113,57413,51612,78213,65313,00314,98714,94714,9576,9346,2434,2714,294
75 5,5556,4155,5854,3542,9992,23610,92111,84113,57413,51612,78213,65313,00314,98714,94714,9576,9346,2434,2714,294
65/66B 5,16011,2426,2675,1847,92412,0176,1638,51010,27113,04714,10913,98917,70318,87223,08527,97632,17630,41233,92435,005
65 5,16011,2426,2675,1847,92412,0176,1638,51010,27113,04714,10913,98917,70318,87223,08527,97632,17630,41233,92435,005
9903 73,768131,99073,48468,77472,362124,85553,28675,32954,50634,15910,5999,5722,508-3,878-13,69630,07325,6375,12728,8846,331
67/77 17,05634,64813,35218,8346,41328,73713,56618,3606,63655353982-12,5341,445-6,265785
9904 56,71197,34160,13249,94065,94996,11839,72056,96947,87034,15410,5469,5192,410-3,880-13,69617,53924,1925,12722,6195,546
9905 56,71197,34160,13249,94065,94996,11839,72056,96947,87034,15410,5469,5192,410-3,880-13,69617,53924,1925,12722,6195,546
Appropriation of the result
9906 623,291566,579469,238409,106359,166293,217197,099157,379135,41087,54053,38642,84033,32130,91134,79148,48730,9486,7566,855-14,764
14P 566,579469,238409,106359,166293,217---------------
791/2 35,000-------------------
691/2 --------35,000---------5,2261,000
6920 ------------------5,2261,000
6921 --------35,000-----------
694/7 35,000-------------------
694 35,000-------------------
Social balance sheet
9087 8.37.77.68.711.21211121313131199.58.46.55.74.94.35.9
Hours worked1013 11,99311,67711,02112,76414,77715,51216,90017,54219,37520,44620,33518,37414,65315,85614,19210,3068,8948,4666,4798,141
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487180.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 26-08-2026 2026-00487180 PDF
31-12-2024 full format 25-08-2025 2025-00406410 PDF
31-12-2023 full format 25-09-2024 2024-00473891 PDF
31-12-2022 full format 31-08-2023 2023-00418911 PDF
31-12-2021 full format 31-08-2022 2022-20422149 PDF
31-12-2020 full format 09-08-2021 2021-47800173 PDF
31-12-2019 full format 27-08-2020 2020-45500158 PDF
31-12-2018 full format 28-08-2019 2019-54000231 PDF
31-12-2017 full format 30-07-2018 2018-40600358 PDF
31-12-2016 full format 24-08-2017 2017-47400566 PDF
31-12-2015 full format 25-08-2016 2016-46800134 PDF
31-12-2014 full format 25-08-2015 2015-47800247 PDF
31-12-2013 full format 29-08-2014 2014-56400098 PDF
31-12-2012 full format 29-07-2013 2013-36600335 PDF
31-12-2011 full format 23-08-2012 2012-45800096 PDF
31-12-2010 full format 02-08-2011 2011-36900010 PDF
31-12-2009 full format 30-08-2010 2010-49900267 PDF
31-12-2008 full format 25-05-2009 2009-16200186 PDF
31-12-2007 full format 26-08-2008 2008-65800278 PDF
31-12-2006 full format 28-08-2007 2007-63600132 PDF
31-12-2005 full format 31-08-2006 2006-77300501 PDF
31-12-2004 full format 26-07-2005 2005-56501870 PDF
31-12-2003 full format 21-10-2004 2004-74604102 PDF
31-12-2002 full format 08-10-2003 2003-73500433 PDF
31-12-2001 full format 12-11-2002 2002-71301127 PDF
31-12-2000 full format 28-08-2001 2001-52403275 PDF
31-12-1999 full format 28-12-2000 2000-78203381 PDF
31-12-1998 full format 05-11-1999 1999-57404891 PDF
31-12-1997 full format 24-06-1998 1998-21805370 PDF
31-12-1996 full format 30-06-1997 1997-24104624 PDF
31-12-1995 full format 22-04-1996 1996-06400739 PDF
31-12-1994 full format 23-06-1995 1995-28301749 PDF
31-12-1993 full format 30-05-1994 1994-10402758 PDF
31-12-1992 full format 01-06-1993 1993-09501421 PDF
31-12-1991 full format 14-04-1992 1992-04102998 PDF
31-12-1990 full format 31-05-1991 1991-06703685 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
175,325250,196184,604178,690162,494197,199115,692168,114153,618144,414135,451131,672132,414120,370134,564180,947185,454139,075179,609136,637
158,663210,721170,570159,027151,156158,681106,884153,085150,285144,878134,071134,445126,102116,483126,426155,270158,003114,906143,531111,241
30,16328,44898,991187,451247,47590,71763,15183,95040,49352,558138,11888,804154,19551,55153,96885,594305,925143,56292,19534,133
135,642-136,43949,477-23,460-17,913143,994-94,74169,09773,821-26,2113,757-25,38451,873-8,21915,7581,202-345-624-2,252-
375,099261,96296,71349,33093,746123,53250,46247,523-25,739-51,728-51,007-103,480-109,515-93,831-69,547-118,283-176,231-115,20850413,672
4.5%8.6%---10.3%3.9%5.2%3.8%2.5%1.0%0.6%0.8%0.0%-0.5%4.4%5.6%3.2%7.2%4.4%
77.1%79.8%59.1%54.1%48.0%54.0%51.3%38.4%39.2%30.3%26.8%27.5%24.4%26.6%27.5%28.8%18.5%18.0%18.1%14.6%
3.032.571.241.121.211.371.171.110.930.870.850.730.750.760.800.680.550.731.001.05
2.071.520.790.710.861.000.690.790.520.490.440.370.430.430.360.340.280.480.620.63
0.300.250.690.851.090.850.951.611.552.302.722.633.112.762.632.464.414.514.265.56
7.7%13.7%9.8%9.0%13.1%22.0%11.7%18.4%18.3%15.2%5.2%4.7%1.2%-1.8%-6.0%6.8%14.1%3.3%15.9%4.5%
6.0%10.9%5.8%4.9%6.3%11.9%6.0%7.1%7.2%4.6%1.4%1.3%0.3%-0.5%-1.6%2.0%2.6%0.6%2.9%0.7%
33.9722.2629.4634.4720.51---------------
19 days25 days---28 days34 days45 days24 days39 days27 days27 days35 days55 days27 days34 days40 days62 days56 days71 days
31 days25 days---53 days39 days70 days43 days47 days36 days61 days94 days92 days83 days86 days104 days107 days100 days94 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date81010910
full-time78877
part-time12223
in full-time equivalents7.1997.98.7
8.37.77.68.711.2
On a permanent contract46656
Joined15582218
Left17572323
Training hours4,9452,8932,9422,4822,744

Source: social balance sheet in the 2021 to 2025 annual accounts

Overdue debts

tax and social security
Item20252024202320222021
Overdue tax debts€371€6€6,793€6,973€1,280

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€30,163€28,448€98,991€187,451€247,475
Financial fixed assets€0----
€101,951€113,379€110,438€109,087€85,207

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on ML CONCEPT

The operating result for 2025 is 46% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total rises from 20.2% to 22.9%. Equity and debt are higher.

Board & ownership

Board

1 director, no change since 2023
MOROSINI André-Marie
Director (not named in the articles)
since 13-12-2023 term without a fixed end
earlier manager, until 20-12-2023
listed in the 2024 annual accounts, filed on 25-08-2025

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
MOROSINI André-Marie
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • MOROSINI André-Marie
    • Director (not named in the articles), from 13-12-2023 to date
    • Manager, until 20-12-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€100,087.01
Source
deed of 20-12-2023

Articles of association

deed of 20-12-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITRE V. ASSEMBLEE GENERALE Article 15. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire l’avant…”

Network & group

No group

ML CONCEPT has no parent and no holdings in its annual accounts. MOROSINI André-Marie is the only director. ML CONCEPT shares no director with another company.

Timeline

Timeline

47 events since 1990

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 26 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0440098502
2025
Annual accounts 2024 filed PDFfull format · 25 days late
2024
Highest result from 2006 to 2025 net €97,341 ▲61.9% The operating result of €136,817 and the net result of €97,341 are both a record.
Liquidity more than doubled current ratio 2.57 The current ratio rises from 1.24 to 2.57. Short-term debt falls from €395,152 to €167,043.
Annual accounts 2023 filed PDFfull format · 56 days late
2023
Amendment of the articles · Legal-form change · Resignations & appointmentsChange of role: MOROSINI André-Marie, from manager to director · Director discharge: MOROSINI André-Marie6 points ▸
  • Incorporation, 28-03-1990
  • 750 shares
  • Director resignation, MOROSINI André-Marie (manager)
  • Director appointment, MOROSINI André-Marie (director (not named in the articles))
  • Director discharge, MOROSINI André-Marie
  • Registered office clause, 6791 Athus (Aubange) Rue des deux Luxembourg n°4 zone artisanale du P.E.D.
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 31 days late
2022
Annual accounts 2021 filed PDFfull format · 31 days late
2021
Equity above €500,000 equity €502,990 ▲15.1% After 9 profitable years in a row, equity reaches €502,990.
Annual accounts 2020 filed PDFfull format · 9 days late
2020
Annual accounts 2019 filed PDFfull format · 27 days late
2019
Annual accounts 2018 filed PDFfull format · 28 days late
2018
Annual accounts 2017 filed PDFfull format · 1 day before the deadline
2017
Annual accounts 2016 filed PDFfull format · 24 days late
2016
Annual accounts 2015 filed PDFfull format · 25 days late
2015
Annual accounts 2014 filed PDFfull format · 25 days late
2014
Annual accounts 2013 filed PDFfull format · 29 days late
2013
Back to profit net €2,410 The net result is €2,410, after 2 loss-making years.
Annual accounts 2012 filed PDFfull format · 2 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 23 days late
2011
Weakest financial year net -€13,696 The net result drops to -€13,696, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2010 filed PDFfull format · 2 days late
2010
Equity above €200,000 equity €257,275 ▲50.4% With a profit in every financial year since 2006, equity grows to €257,275.
Annual accounts 2009 filed PDFfull format · 30 days late
2009
Annual accounts 2008 filed PDFfull format · 67 days before the deadline
2008
Equity above €150,000 equity €153,424 ▲7.8% With a profit in every financial year since 2006, equity grows to €153,424.
Annual accounts 2007 filed PDFfull format · 26 days late
2007
Annual accounts 2006 filed PDFfull format · 28 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
Annual accounts 1992 filed PDFfull format
1992
Annual accounts 1991 filed PDFfull format
1991
Annual accounts 1990 filed PDFfull format
1990
First establishment Rue des Deux Luxembourg - ATHUS 4, Aubange
Incorporation published on 18-04-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 28 March 1990, ML CONCEPT was incorporated.1 MOROSINI André-Marie has served as director since 2023.2 Turnover went from €1.4m in 2018 to €1.6m in 2025 and headcount from 12 to 8.3 full-time equivalents.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0440.098.502
VAT number
BE 0440.098.502
Peppol ID
0208:0440098502
Other Peppol ID
9925:BE0440098502
Legal form
Private limited company
Status
Active, normal situation
Founded
28-03-1990
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITRE V. ASSEMBLEE GENERALE Article 15. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire l’avant…”
deed of 20-12-2023 (in French)
Peppol
Reachable since 02-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ML CONCEPT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-12-2023 (in French)

Activities

NACEBEL 2025
VAT activities
43320 Joinery installation main activity
68201 Renting and operating of own or leased residential real estate, excluding social housing
Social security (RSZ) activities
16230 Manufacture of other builders' carpentry and joinery main activity
Codes under NACEBEL 2008
VAT activities
43320 Joinery installation main activity
68201 Real estate activities
Social security (RSZ) activities
16230 Manufacture of other builders' carpentry and joinery main activity
Codes under NACEBEL 2003
20300 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’ensemble des activités liées aux entreprises de maçonnerie et béton ; de menuiserie et charpente, (en bois ou en toutes matières…”
6 activities
  1. L’ensemble des activités liées aux entreprises de maçonnerie et béton ; de menuiserie et charpente, (en bois ou en toutes matières similaires ou s’y substituant) ; d’installations en sanitaire et plomberie ; d’installations de tous types de chauffage, ventilation et/ou climatisation ; d’installations électriques.
  2. L’ensemble des activités liées à la coordination, au planning et à la surveillance de pareils travaux et/ou entreprises.
  3. L’ensemble des activités relatives à l’exécution totale ou partielle de tous travaux de parachèvement ou de coordination de ceux-ci lors de leur exécution pair des tiers et/ou sous-traitants.
  4. L’ensemble des activités d’isolation acoustique et thermique.
  5. L’ensemble des activités liées à l’étude, au conseil, au dimensionnement en pareilles matières.
  6. L’achat, la vente et plus généralement le commerce de tous produits, matériaux et ustensiles utilisés dans le cadre de la réalisation de pareils travaux.
deed of 20-12-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue des Deux Luxembourg - ATHUS 4 registered office 6791 Aubange 05-04-1990 2.047.761.555

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0440.098.502

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