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MORASELEC

Active
Private limited companyfounded 20241 yr activeRue des Communes(FLM) 13, 6141 Fontaine-l'Evêque, BelgiumKBO/BCE: BE 1017.833.668
Summary

The computed 12-month bankruptcy probability of MORASELEC is 1.8% (moderate). The 2025 annual accounts show equity of €6,407 and a net result of €1,407. Its solvency ranks better than 22% of 28184 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability74
Solvency45
Growth-
Track record67
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 28184 sector peers (2025).
NBB · sector comparison
Position among 28184 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MORASELEC was incorporated on 23 December 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€6,407
Total assets
€32,338
Net result
€1,407
Working capital
-€4,282

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €30,435
Fixed assets €8,786
Current assets €21,649
Equity and liabilities €32,338
Equity €6,407
Debt €25,931
Debt finances 80.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€3,659
Cash flow
€3,109
Current ratio
0.83
Quick ratio
0.83
Debt to equity
4.05
ROE
22.0%
ROA
4.4%
Interest coverage
22.72
Debt ≤ 1 year
€25,931
Income taxes
€705
Staff costs
€4,539

Peer companies

Historical observation

Of the 294 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
2.0% stopped otherwise
96% still going

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 294 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€32,338
Formation expenses20€1,903
Fixed assets21/28€8,786
Tangible fixed assets22/27€8,786
Plant, machinery and equipment23€2,122
Furniture and vehicles24€6,664
Current assets29/58€21,649
Stocks and contracts in progress3€100
Stocks30/36€100
Amounts receivable within one year40/41€9,867
Trade receivables40€8,976
Other amounts receivable41€890
Cash at bank and in hand54/58€11,048
Deferred charges and accrued income490/1€634
Equity and liabilities
Total equity and liabilities10/49€32,338
Equity10/15€6,407
Contributions10/11€5,000
Profit (loss) carried forward14€1,407
Amounts payable17/49€25,931
Amounts payable within one year42/48€25,931
Trade debts44€9,031
Suppliers440/4€9,031
Taxes, remuneration and social security45€15,378
Taxes450/3€4,658
Remuneration and social security454/9€10,719
Other amounts payable47/48€1,522
Income statement Code2025
Remuneration, social security and pensions62€4,539
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,702
Other operating charges640/8€899
Gross operating margin9900€9,096
Operating profit (loss)9901€1,956
Financial income75/76B€317
Recurring financial income75€317
Financial charges65/66B€161
Recurring financial charges65€161
Profit (loss) for the period before taxes9903€2,112
Income taxes67/77€705
Profit (loss) for the period9904€1,407
Profit (loss) for the period to be appropriated9905€1,407
Appropriation of the result
Profit (loss) to be appropriated9906€1,407

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€4,539
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,702
Other operating charges640/8€899
Gross operating margin9900€9,096
Operating profit (loss)9901€1,956
Financial income75/76B€317
Recurring financial income75€317
Financial charges65/66B€161
Recurring financial charges65€161
Profit (loss) for the period before taxes9903€2,112
Income taxes67/77€705
Profit (loss) for the period9904€1,407
Profit (loss) for the period to be appropriated9905€1,407
Line2025
Assets
Total assets20/58€32,338
Formation expenses20€1,903
Fixed assets21/28€8,786
Tangible fixed assets22/27€8,786
Plant, machinery and equipment23€2,122
Furniture and vehicles24€6,664
Current assets29/58€21,649
Stocks and contracts in progress3€100
Stocks30/36€100
Amounts receivable within one year40/41€9,867
Trade receivables40€8,976
Other amounts receivable41€890
Cash at bank and in hand54/58€11,048
Deferred charges and accrued income490/1€634
Equity and liabilities
Total equity and liabilities10/49€32,338
Equity10/15€6,407
Contributions10/11€5,000
Profit (loss) carried forward14€1,407
Amounts payable17/49€25,931
Amounts payable within one year42/48€25,931
Trade debts44€9,031
Suppliers440/4€9,031
Taxes, remuneration and social security45€15,378
Taxes450/3€4,658
Remuneration and social security454/9€10,719
Other amounts payable47/48€1,522
Line2025
Profit (loss) for the period9904€1,407
+ Depreciation and write-downs630€1,702
Operating cash flow (approximation)€3,109

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Fontaine-l'Evêque · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
2,167 m²
Building footprint
88 m²
Volume, LiDAR
586 m³
Parcel 52023B0915/00C000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Moraselec SRL
Rue des Communes(FLM) 13, 6141 Fontaine-l'EvêqueManufacture of electrical equipment
since 20242.368.271.034
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52023B0915/00C000 Wallonia 2,167 m² 1 · 88 m² 9.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 4,322 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
27330Manufacture of electrical equipment
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017833668
Registered 30-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.