Checked.be
Active
BE 0463.367.020Private limited company
MORAS
Rue du Pont Gris(HAR) 1 ·7321 Bernissart, Belgium· 28 yrs active
Sector: Retail sale of information and communication equipment
(47400)
Conclusion
MORAS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85k and a net result of €32k. Equity is shrinking by ~19.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 89% of 26062 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €85k |
| Net result | €32k |
| Better than sector | 89% |
| Active | 28 yrs |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1998, 28 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
55
2020
70
2021
70
2022
90
2023
93
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.75 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.75 (≥ 1.0)
+5
Leverage
Debt/equity 0.22 (< 1.0)
+10
Profitability
ROE 38% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, equity would indicatively turn negative around fiscal year 2026, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 82.1% | 32.3% | |
| Net result | €32k | €4k | |
| Equity | €85k | €39k | |
| Gross operating margin | €33k | €31k | |
| Total assets | €103k | €146k |
€32k
+195.5%
20-24
€103k
+64.3%
20-24
€85k
+61.5%
20-24
€85k
+60.9%
20-24
€508
+191.0%
20-24
€18k
+78.7%
20-24
€18k
+82.7%
20-24
5.75
-10.1%
20-24
5.75
-10.1%
20-24
82.1%
-1.7%
20-24
0.22
+10.7%
20-24
38.1%
+83.0%
20-24
31.3%
+79.8%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | €32k | €11k | €-4k | €-4k | €-36k |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | €508 | €175 | €157 | €150 | €255 |
| Dividends | - | - | - | - | - |
| Total assets | €103k | €63k | €247k | €251k | €255k |
| Equity | €85k | €53k | €242k | €245k | €249k |
| Debt | €18k | €10k | €5k | €5k | €6k |
| of which ≤ 1y | €18k | €10k | €5k | €5k | €5k |
| of which > 1y | - | - | - | - | - |
| Working capital | €85k | €53k | €242k | €246k | €250k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 5.75 | 6.39 | 51.68 | 50.26 | 46.44 |
| Quick ratio | 5.75 | 6.39 | 51.68 | 50.26 | 46.44 |
| Working capital ratio | 82.6% | 84.4% | 98.1% | 98.0% | 97.8% |
| Solvency | 82.1% | 83.6% | 97.9% | 97.8% | 97.7% |
| Debt / equity | 0.22 | 0.20 | 0.02 | 0.02 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 31.3% | 17.4% | -1.5% | -1.6% | -14.0% |
| ROE | 38.1% | 20.8% | -1.5% | -1.6% | -14.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €103k | €63k | €247k | €251k | €255k |
| Current assets | 29/58 | €103k | €63k | €247k | €251k | €255k |
| Amounts receivable within one year | 40/41 | €4k | €9k | €2k | €163 | - |
| Cash & bank | 54/58 | €99k | €54k | €245k | €251k | €255k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €103k | €63k | €247k | €251k | €255k |
| Equity | 10/15 | €85k | €53k | €242k | €245k | €249k |
| Contributions / capital | 10/11 | €0 | €0 | €200k | €200k | - |
| Reserves | 13 | €85k | €85k | €85k | €85k | €85k |
| Accumulated profits (losses) | 14 | €-144 | €-32k | €-43k | €-40k | €-36k |
| Amounts payable | 17/49 | €18k | €10k | €5k | €5k | €6k |
| Amounts payable within one year | 42/48 | €18k | €10k | €5k | €5k | €5k |
| Trade debts payable within one year | 44 | €1k | €151 | €59 | €282 | €286 |
| Income statement | ||||||
| Gross operating margin | 9900 | €33k | €12k | €-3k | €-3k | €-3k |
| Operating result | 9901 | €33k | €11k | €-3k | €-4k | €-4k |
| Financial income | 75 | €351 | €57 | - | - | - |
| Financial charges | 65 | €117 | €104 | €104 | €110 | €100 |
| Result before taxes | 9903 | €33k | €11k | €-4k | €-4k | €-4k |
| Income taxes | 67/77 | €508 | €175 | €157 | €150 | €255 |
| Net result for the period | 9904 | €32k | €11k | €-4k | €-4k | €-4k |
| Result to be appropriated | 9905 | €32k | €11k | €-4k | €-4k | €-4k |
Legal Structure
| NACE primary | Retail sale of information and communication equipment(47400) |
| Legal form | Private limited company(610) |
| Incorporation | 15-05-1998 |
| Status | Active |
| Postal code | 7321 |
Establishment units
VOBIS MICRO COMPUTER
since 19982.087.098.322
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51472A0595/00N000 | Wallonia | 607 m² | 1 · 135 m² | 7.2 m · 1 fl. |
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.
Updates
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €32k ▲196%
Operating result €33k, net result €32k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail sale of information and communication equipment47400Retail trade474105248772500Repair and maintenance of computers and communication equipment95100Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95110
Names & trade names
| Legal nameFR | MORAS |
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