MORAY
ActiveMORAY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €115k. Equity is shrinking by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency10▼-5
Growth58=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.72 in 2024), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.7%
Return on assets
58.2%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 d early
2024
66 d early
2023
68 d early
2022
6 d early
2021
52 d early
2020
37 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€115k▲ 4.6%
2024 · €110k
2018: €78k
2019: €110k
2020: €106k
2021: €112k
2022: €82k
2023: €36k
2024: €110k
2018 → 2025
Working capital
€-52k▼ 56.9%
2024 · €-33k
2018: €70k
2019: €81k
2020: €166k
2021: €-4k
2022: €15k
2023: €-27k
2024: €-33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€86k▼ 30.9%€22k▼ 74.7%€31k▲ 44.4%€21k▼ 32.7%
Operating result€146k-€108k▼ 26.2%€50k▼ 53.3%€149k▲ 195%€157k▲ 5.2%
Net result€112k-€82k▼ 26.8%€36k▼ 56.0%€110k▲ 205%€115k▲ 4.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€103k▼ 8.8%
Current assets
€94k▲ 13.3%
Equity and liabilities €197k
Equity
€21k▼ 32.7%
Debt
€176k▲ 6.9%
The debt ratio rises from 84.0% to 89.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€195k▲
2024 · €180k
Cash flow
€153k▲
2024 · €141k
Solvency
10.7%▼
2024 · 16.0%
Current ratio
0.64▼
2024 · 0.72
Quick ratio
0.47▼
2024 · 0.53
Debt / equity
8.32▲
2024 · 5.24
ROE
542.5%▲
2024 · 349.1%
ROA
58.2%▲
2024 · 55.9%
Interest coverage
22.14▲
2024 · 21.77
Debt
€176k▲
2024 · €165k
Debt ≤ 1 year
€146k▲
2024 · €116k
Debt > 1 year
€30k▼
2024 · €48k
Income taxes
€34k▲
2024 · €31k
Staff costs
€354k▲
2024 · €315k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€196k€197k▲
Fixed assets21/28€113k€103k▼
Intangible fixed assets21€26k€19k▼
Tangible fixed assets22/27€86k€83k▼
Land and buildings22€69k€70k▲
Furniture and vehicles24€17k€13k▼
Financial fixed assets28€1k€1k=
Current assets29/58€83k€94k▲
Stocks and contracts in progress3€22k€26k▲
Stocks30/36€22k€26k▲
Amounts receivable within one year40/41€6k€196▼
Trade receivables40€345€196▼
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€53k€63k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€196k€197k▲
Equity10/15€31k€21k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€11k€692▼
Amounts payable17/49€165k€176k▲
Amounts payable after more than one year17€48k€30k▼
Financial debts170/4€48k€30k▼
Amounts payable within one year42/48€116k€146k▲
Current portion of amounts payable after more than one year42€18k€40k▲
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€54k€61k▲
Taxes450/3€16k€14k▼
Remuneration and social security454/9€38k€47k▲
Other amounts payable47/48€39k€29k▼
Income statement
Code20242025
Remuneration, social security and pensions62€315k€354k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€39k▲
Other operating charges640/8€8k€2k▼
Gross operating margin9900€503k€551k▲
Operating profit (loss)9901€149k€157k▲
Financial income75/76B€294€635▲
Recurring financial income75€294€635▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€141k€148k▲
Income taxes67/77€31k€34k▲
Profit (loss) for the period9904€110k€115k▲
Profit (loss) for the period to be appropriated9905€110k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€126k▲
Profit (loss) brought forward from the previous period14P€1k€11k▲
Profit to be distributed694/7€100k€125k▲
Return on contributions (dividend)694€100k€125k▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €115k ▲4.6%
Operating result €157k, net result €115k, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €36k ▼56%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.20
Current ratio from 1.59 to 3.20; short-term debt falls from €137k to €76k.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €207k ▲114%
2 profitable years in a row build equity to €207k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2022
Resigned as Director
Location & real-estate footprint
Registered office, Blégny · 2 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Entre-deux-Villes 174670 BlégnyGround area
504 m²
Building footprint
220 m²
Volume, LiDAR
1,940 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
MORAY
since 20182.278.147.839
Rue Entre-deux-Villes 19, 4670 Blégny
since 20252.381.394.045
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62103B0861/00Z002 | Wallonia | 362 m² | 1 · 71 m² | 10.8 m · 2 fl. |
| 62103B0861/00B003 | Wallonia | 142 m² | 1 · 150 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
TER SMISSE
BE 0770.552.459
Aalter · Eq €21k
MEAT & TASTE
BE 0894.061.569
Aalter · Eq €21k
'T NEERHOF
BE 0452.303.971
Kortrijk · Eq €21k
Les Viandes Fermières François Remacle
BE 0720.753.253
Vielsalm · Eq €21k
Jens & Evelyne
BE 0804.160.979
Lendelede · Eq €21k
Of 3,021 companies in sector 47221 we hold annual accounts for 1,549. 1,031 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2018
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
47222Retail trade
10120Manufacture of food products
10130Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.