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MORA

Active
Private limited companyfounded 2006active for 20 yearsKleinhoefstraat 5/35, 2440 Geel, BelgiumKBO/BCE: BE 0879.621.635
Summary

The computed 12-month bankruptcy probability of MORA is 2.2% (moderate). The annual accounts of MORA for financial year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €4.9m and a net result of -€12.0m. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 22% of 776 sector peers (NACE 10, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of food products
NACE 10130
#6 employer in Geel, Manufacturing sector2 sites
Size
€59.5mturnover 2025
Staff
73.8 FTE
Equity
€4.9m
Loss
-€12.0m
Standalone figures, without subsidiaries
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.2%
Structure
Parent
McCain Luxembourg Holdings S.a.r.l.
Auditor: BV PwC BedrijfsrevisorenAccounts 18 days early
Why 52raises riskLoss of €12.0m (financial year 2025)Equity €4.9m (18.0% of total assets)1 change of registered office in 24 monthsSector: Manufacture of food products (NACE 10)Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 10, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 43-42
equity 18.0% of total assets
Liquidity 45+12
short-term debt 26.5% · cash 4.6%
Profitability 0-83
return on assets -43.6%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (225 companies, NACE 10, medium-sized)
Last 24 months 11-2024: 0.2% 12-2024: 0.3%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 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: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.3%▲ +0.1 percentage points vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 1.5%▲ +1.1 percentage points vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.5%● unchanged vs 05-2026 07-2026: 2.1%▲ +0.6 percentage points vs 06-2026 08-2026: 2.0%▼ -0.1 percentage points vs 07-2026 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.2%▲ +0.2 percentage points vs 09-2026highest value
Credit of up to €250,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.85, compared with 1.11 in 2024; short-term debt: 26.5% and cash: 4.6% of total assets), but 82% of the assets are financed with debt.
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 (NACE 10, medium-sized): better than 19% on solvency, 68% on liquidity, 3% on profitability and 15% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Six signals.
+raises risk○neutral
raises risk · Loss of €12.0m (financial year 2025)
NBB · annual accounts
raises risk · Equity €4.9m (18.0% of total assets)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 776 sector peers (2025).
NBB · sector comparison
Position among 776 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
18 days early
2024
44 days early
2023
41 days early
2022
13 days early
2021
20 days early
2020
45 days early
2019
43 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 11 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)Reappointment: PwC Bedrijfsrevisoren BV (statutory…
  2. Annual accounts filedfinancial year 2025 · consolidated
  3. Registered officeRegistered-office move · Power of…

Key points

  • Caution: From profit to loss in 2025after €3.7m in 2024 -€12.0m View
  • Caution: Among the weakest 5% on net resultsector median €140,460 · 779 companies -€12.0m View
  • Caution: Board changedlatest change 10-10-2025 · 2 in office 1 joined · 2 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by McCain Luxembourg Holdings S.a.r.l. parent View

By topic

Financials

Financial year
2025
Turnover
€59.5m
Loss
-€12.0m
Solvency
18.0%
Turnover▼ 2.7%
Net result
20192025
Go to Financials

Board & ownership

Board
2 members
Parent
McCain Luxembourg Holdings S.a.r.l.
Auditor
BV PwC Bedrijfsrevisoren
  • Edwin Wijnandus Adrianus Theodorus VerweijmerenChair
  • Huub TholhuijsenDirector
Go to Board & ownership

Timeline

Events
48
Since
2006
Next accounts
by 31-01-2027
  1. 13-01-2026Annual accounts filed
  2. 18-11-2025Resignations: Jan Aaltzen Linde (director) and Edwin…
  3. 13-11-2025Reappointment: PricewaterhouseCoopers Bedrijfsrevisoren BV (statutory auditor)
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of food productsNACE 10130
Founded
27-02-2006
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Who signs
Each director alone
Purpose
De vennootschap heeft tot voorwerp de verwerking, groothandel, kleinhandel en leurhandel…
Go to Articles of association

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