Equity
€21,152 from €312,615 in 2020
Equity fell by 93% in 5 years.
MORAY
Lifetime
8 annual accounts with figures on one time axispeak €551,265 (2025)
€551,265▲ 9.6%
peak €114,746 (2025)
€114,746▲ 4.6%
peak €312,615 (2020)
€21,152▼ 32.7%
€176,020▲ 6.9%
peak 7.7 FTE (2020)
-not published
Board2 names since 2018
1 directorJean-Yves Joseph Julien MORAY
Documentsfilings and deeds
29-05-202663 days before the deadline
2025micro format
Dividend €125,000Equity from €31,407 to €21,1521 establishment registered
Key points
from the 2025 annual accountsTurnover
≈ €2.4m estimated
The accounts state no turnover.
Debts
€176,020 89% of the balance sheet
Financial debts 17%Suppliers 9%Taxes and wages 35%Other 39%
Of this, €146,095 falls due within a year.
Staff
12 employees on 31-12-2025
In 2025, 8 people joined and 7 left.
Filings
8 annual accounts 1 late
The 2018 accounts came 27 days late. The other seven were filed on time.
Position in the sector
€114,746
Higher net result than 95% of companies in retail trade. Sector median €5,052 · 22,922 companies.
Checked score
70
Healthy
Financially stronger than 47% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.6%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 1.6%● unchanged vs 04-2025
06-2025: 0.7%▼ -0.9 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.8%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.7%▼ -0.1 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.7%▼ -0.1 percentage points vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.6%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Equity €21,152 (10.7% of total assets)
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 0.64, cash €62,843
Size: total assets €197,173
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 47, micro). It does better than 27% of them on solvency, 50% on liquidity, 96% on profitability and 15% 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 low class on 30-06-2025, 0.8% 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, 6,713 companies had the same profile as MORAY has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MORAY itself: 0.6% 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 6,713 companies, not a prediction for MORAY. 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 €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.64 (0.72 in 2024), below 1. Short-term debt is 74.1% and cash 31.9% of total assets. 89.3% 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 riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
63 days early
2024
66 days early
2023
68 days early
2022
6 days early
2021
52 days early
2020
37 days early
2019
43 days early
← 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 48 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 29 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Jean Morayannual accounts 2020
- Jean-yves Morayannual accounts 2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0697933113
New establishment in Blegny
Rue Entre-deux-Villes 19
Appointment: Jean-Yves Joseph Julien MORAY (director)
Permanent representative: Jean-Yves Joseph Julien MORAY · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Resignation: Jean MORAY (director)
General meeting of 25-01-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MORAY Blegny | €197,173 | €551,265 | 10.7% | - |
| EMAQUE Aalter | €205,269 | €462,757 | -61.3% | 10 |
| Aldee Jette | €247,587 | €416,211 | 8.8% | 9.3 |
| JERALEX Kraainem | €259,090 | €305,870 | 7.5% | 6 |
| BR Zoersel | €542,491 | €552,546 | -7.7% | 10.3 |
| ALKHOOMSY Anderlecht | €541,451 | €424,045 | 51.1% | 4 |
| DE MEERSMAN JIMMY Aalst | €446,198 | €402,362 | 63.9% | - |
These companies have the same main activity as MORAY: retail trade (NACE 47222). They are comparable in size and age: total assets between €205,000 and €542,000, founded between 2012 and 2022.
Official details
Source: KBO- Status
- Active since 14-06-2018Normal situation
- Activity
- Retail tradeNACE 47222and 3 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.278.147.8394670 Blegny, since 14-06-2018
- 2.381.394.0454670 Blegny, since 01-11-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 06-11-2025
Annual accounts 2025
- €197,173▲ 0.6%
- Employeeson 31-12-2025
- 12▲ 9.1%
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on MORAY
MORAY files the micro format. That format states no turnover. The gross margin rose from €176,798 in 2018 to €551,265 in 2025.
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 MORAY
- What is the company number of MORAY?
- The company number of MORAY is 0697.933.113. The VAT number is the same number with BE in front: BE 0697.933.113.
- Where is MORAY based?
- The registered office is at Rue Entre-deux-Villes 17, 4670 Blegny.Company details
- What does MORAY do?
- According to the KBO register, the main activity is retail trade (NACE 47222).
- What is the legal form of MORAY?
- MORAY is a private limited company (BV).
- When was MORAY founded?
- MORAY was founded on 14-06-2018.
- Is MORAY still active?
- Yes, MORAY is an active enterprise in the KBO register.
- How many employees does MORAY have?
- MORAY had an average of 9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MORAY fall under?
- In its 2025 annual accounts, MORAY states joint committee 201 (Independent retail).
- What is the turnover of MORAY?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €551,265 and 48 comparable companies (NACE 472). It probably lies between €1.6m and €3.8m.
- Is MORAY profitable?
- In financial year 2025, MORAY made a profit of €114,746.
- Where can I find the annual accounts of MORAY?
- MORAY filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MORAY due?
- MORAY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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