Turnover
≈ €53,000 estimated
The micro format states no turnover.
MORASU
Lifetime
2 annual accounts with figures on one time axispeak €9,688 (2024)
€4,374▼ 54.8%
peak €7,326 (2024)
€2,622▼ 64.2%
peak €3,622 (2025)
€3,622▲ 262%
€11,459▼ 2.7%
Board2 names since 2024
1 directorDe Smedt Marnik
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from €9,688 to €4,374Result from €7,326 to €2,622Registered office moved from Mechelen to Zoersel 10-09Equity from €1,000 to €3,622Cash from €2,252 to €15,081
Key points
from the 2025 annual accountsDebts
€11,459 76% of the balance sheet
Suppliers 5%Taxes and wages 54%Other 41%
Position in the sector
€3,622
Less equity than 85% of companies in construction of buildings. Sector median €45,638 · 9,474 companies.
2025 accounts filed 27 days after the deadline
Checked score
53
Fair
Financially stronger than 63% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 2.3%lowest value
08-2025: 2.3%● unchanged vs 07-2025lowest value
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 3.2%▲ +0.9 percentage points vs 09-2025
11-2025: 3.3%▲ +0.1 percentage points vs 10-2025
12-2025: 3.3%● unchanged vs 11-2025
01-2026: 3.3%● unchanged vs 12-2025
02-2026: 3.4%▲ +0.1 percentage points vs 01-2026
03-2026: 3.4%● unchanged vs 02-2026
04-2026: 3.9%▲ +0.5 percentage points vs 03-2026
05-2026: 4.7%▲ +0.8 percentage points vs 04-2026
06-2026: 4.8%▲ +0.1 percentage points vs 05-2026
07-2026: 5.1%▲ +0.3 percentage points vs 06-2026
08-2026: 5.8%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 2.5%▼ -3.3 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €15,081
lowers risk
Liquidity: current ratio 1.32, cash €15,081
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 41, micro). It does better than 31% of them on solvency, 64% on liquidity, 62% on profitability and 96% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 7,976 companies had the same profile as MORASU has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MORASU itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 7,976 companies, not a prediction for MORASU. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 2 filingsDeviation from the deadline
2025
27 days late
2024
75 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 24 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010601923
Registered office moved from Mechelen to Zoersel
New registered office: Raymond Delbekestraat 351 te 2980 Zoersel · Previous registered office: Leestsesteenweg 73 te 2800 Mechelen · Resignation: Dejaeghere Sebastian (director) · General meeting of 05-06-2025 · Gazette deed
Incorporation
Founding capital of €1,000, 100 shares · Founder: DEJAEGHERE Sebastian John · Appointment: DEJAEGHERE Sebastian John (director) · published on 25-06-2024 · Gazette deed
First establishment
Mathis Aannemingen, Raymond Delbekestraat 351, Zoersel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MORASU Zoersel | €15,081 | €4,374 | 24.0% | - |
| TCBT Huldenberg | €15,805 | €5,900 | 45.0% | - |
| ETS DUSSENNE PHILIPPE Mettet | €13,021 | €2,923 | 31.2% | - |
| B.I.B. CONCEPT Kraainem | €27,301 | €4,019 | 39.8% | - |
| 3 STARS CONSTRUCTION Zaventem | €19,687 | €3,014 | 33.8% | - |
| KOZELO Willebroek | €7,380 | €5,792 | 77.4% | - |
| ALGEMENE BOUWWERKEN MEEUWESE JONAS Vosselaar | €18,454 | €6,635 | 52.2% | - |
These companies have the same main activity as MORASU: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €7,380 and €27,300, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 21-06-2024Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 5 others
- Establishment unit
- 2.360.893.7872980 Zoersel, since 21-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Insights on MORASU
The computed 12-month bankruptcy probability of MORASU is 2.5% (moderate). The 2025 annual accounts show equity of €3,622 and a net result of €2,622.
Its solvency ranks better than 30% of 9,471 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MORASU
- What is the company number of MORASU?
- The company number of MORASU is 1010.601.923. The VAT number is the same number with BE in front: BE 1010.601.923.
- Where is MORASU based?
- The registered office is at Raymond Delbekestraat 351, 2980 Zoersel.Company details
- What does MORASU do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of MORASU?
- MORASU is a private limited company (BV).
- When was MORASU founded?
- MORASU was founded on 21-06-2024.
- Is MORASU still active?
- Yes, MORASU is an active enterprise in the KBO register.
- What is the turnover of MORASU?
- The turnover in financial year 2025 is ≈ €53,000. This figure is estimated from the gross margin of €4,374 and 277 comparable companies (NACE 410). It probably lies between €28,000 and €99,000. It is a rough estimate.Financials
- Is MORASU profitable?
- In financial year 2025, MORASU made a profit of €2,622.
- Where can I find the annual accounts of MORASU?
- MORASU filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MORASU due?
- MORASU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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