Equity
-€51,951
Debts exceed assets in financial year 2025.
Morbo
Lifetime
18 annual accounts with figures on one time axis, 36 filings since 1990peak €101,034 (2014)
€63,719▼ 9.4%
lowest -€34,084 (2008)
-€17,661▼ €20,289
peak -€34,290 (2024)
-€51,951▼ €17,661
€363,289▲ 19.6%
peak 0.9 FTE (2008)
-not published
Board1 name since 1996
1 director
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Loss of €17,661Equity from -€34,290 to -€51,951Debts from €303,751 to €363,289Investments €84,334Cash from €33,397 to €16,234
Key points
from the 2025 annual accountsDebts
€363,289 117% of the balance sheet
Financial debts 27%Suppliers 20%Taxes and wages 2%Other 51%
Of this, €264,080 falls due within a year.
Investments
€84,334 2.8 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 11.5% higher than in 2024.
Staff
1 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Filings
36 annual accounts since 1990
Six of the last ten came late. The 2017 accounts came latest: 60 days after the end of the period.
Position in the sector
-€51,951
Less equity than 88% of companies in sports and recreation. Sector median €33,276 · 3,158 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,792 companies had the same profile as Morbo has now. Each dot stands for 7 companies, two years later.
90.4%
were still trading
6.1%
stopped another way
2.1%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,792 companies, not a prediction for Morbo. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439090195
Reappointment: (statutory director)
Gazette deed
Incorporation
published on 23-12-1989 · Gazette deed
First establishment
Vijverstraat 1, Zottegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Morbo Zottegem | €311,339 | €63,719 | -16.7% | - |
| De Kracht Lokeren | €252,257 | €63,167 | 3.9% | - |
| ALANTA INTERNATIONAL La Hulpe | €329,538 | €57,552 | -89.3% | - |
| VLETERHOF Vleteren | €303,923 | €68,677 | 33.8% | - |
| CENTRE EQUESTRE DE HESBAYE Braives | €305,949 | €49,629 | 52.2% | - |
| Sportjoy Eeklo | €285,140 | €97,256 | 27.6% | - |
| J.P.R. BELGIUM Sint-Niklaas | €265,351 | €106,664 | 21.6% | 1.9 |
These companies have the same main activity as Morbo: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €252,000 and €330,000, founded between 1984 and 1994.
Official details
Source: KBO- Status
- Active since 08-12-1989Normal situation
- Activity
- Operation of sports facilitiesNACE 93110and 2 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.046.843.3229620 Zottegem, since 08-12-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2026
Annual accounts 2025
- ≈ €190,000estimated
- €311,339▲ 15.5%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on Morbo
Morbo files the micro format. That format states no turnover. The gross margin rose from €63,102 in 2008 to €63,719 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
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 Morbo
- What is the company number of Morbo?
- The company number of Morbo is 0439.090.195. The VAT number is the same number with BE in front: BE 0439.090.195.
- Where is Morbo based?
- The registered office is at Vijverstraat 1, 9620 Zottegem.Company details
- What does Morbo do?
- According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
- What is the legal form of Morbo?
- Morbo is a private limited company (BV).
- When was Morbo founded?
- Morbo was founded on 08-12-1989.
- Is Morbo still active?
- Yes, Morbo is an active enterprise in the KBO register.
- How many employees does Morbo have?
- Morbo had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Morbo fall under?
- In its 2025 annual accounts, Morbo states joint committee 302 (Hotels and catering).
- What is the turnover of Morbo?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €63,719 and 2,666 comparable companies of the same size. It probably lies between €130,000 and €330,000. It is a rough estimate.
- Is Morbo profitable?
- In financial year 2025, Morbo made a loss of €17,661.
- Where can I find the annual accounts of Morbo?
- Morbo filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Morbo due?
- Morbo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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