MORCA

Active

Private limited companyfounded 20197 yrs activeCécile Cautermanstraat 32, 9040 Gent, BelgiumKBO/BCE: BE 0727.644.213

The computed 12-month bankruptcy probability of MORCA is 2.0% (moderate). The 2025 annual accounts show equity of €129k and a net result of €37k. Equity is growing by ~57.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 4477 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

50 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability76▼-7

Solvency44▲+4

Growth78=

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days only on tighter terms

Liquidity tight (current ratio 1.17 against 1.09 in 2024; short-term debt: 77.9% and cash: 7.9% of total assets), and 80.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Filed more than 90 days late

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-04-2026, 161 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

161 d late

2024

22 d late

2023

10 d late

2021

366 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close22-09-2026 today31-10-2026 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€129k▲ 40.1%

2024 · €92k

2021: €11k 2023: €24k 2024: €92k

2021 → 2025

Total assets

€668k▲ 11.1%

2024 · €601k

2021: €116k 2023: €253k 2024: €601k

2021 → 2025

Net result

€37k▼ 45.9%

2024 · €68k

2021: €11k 2023: €27k 2024: €68k

2021 → 2025

Working capital

€90k▲ 118%

2024 · €41k

2021: €4k 2023: €6k 2024: €41k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202320242025Trend

Equity€11k-€24k▲ 113%€92k▲ 285%€129k▲ 40.1%

Operating result€15k-€38k▲ 148%€91k▲ 142%€55k▼ 40.0%

Net result€11k-€27k▲ 141%€68k▲ 151%€37k▼ 45.9%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 40% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €668k

91.4%

Fixed assets €57k▼ 25.9%

Current assets €611k▲ 16.5%

Equity and liabilities €668k

19.2%

80.8%

Equity €129k▲ 40.1%

Debt €539k▲ 5.9%

The debt ratio falls from 84.7% to 80.8%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€81k▼

2024 · €111k

Cash flow

€63k▼

2024 · €88k

Solvency

19.2%▲

2024 · 15.3%

Current ratio

1.17▲

2024 · 1.09

Quick ratio

0.67▼

2024 · 1.09

Debt / equity

4.20▼

2024 · 5.55

ROE

28.6%▼

2024 · 74.0%

ROA

5.5%▼

2024 · 11.3%

Interest coverage

11.46▼

2024 · 63.63

Debt

€539k▲

2024 · €510k

Debt ≤ 1 year

€520k▲

2024 · €483k

Debt > 1 year

€19k▼

2024 · €27k

Income taxes

€12k▼

2024 · €22k

Staff costs

€46k▼

2024 · €70k

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€601k€668k▲

Fixed assets21/28€77k€57k▼

Tangible fixed assets22/27€77k€54k▼

Plant, machinery and equipment23€3k€515▼

Furniture and vehicles24€74k€53k▼

Financial fixed assets28€105€4k▲

Current assets29/58€524k€611k▲

Stocks and contracts in progress3-€260k

Stocks30/36-€260k

Amounts receivable within one year40/41€483k€297k▼

Trade receivables40€478k€289k▼

Other amounts receivable41€5k€8k▲

Cash at bank and in hand54/58€41k€52k▲

Deferred charges and accrued income490/1-€1k

Equity and liabilities

Total equity and liabilities10/49€601k€668k▲

Equity10/15€92k€129k▲

Reserves13€92k€129k▲

Distributable reserves133€92k€129k▲

Amounts payable17/49€510k€539k▲

Amounts payable after more than one year17€27k€19k▼

Financial debts170/4€27k€19k▼

Amounts payable within one year42/48€483k€520k▲

Current portion of amounts payable after more than one year42€8k€8k▲

Financial debts43-€192k

Credit institutions430/8-€192k

Trade debts44€430k€275k▼

Suppliers440/4€430k€275k▼

Taxes, remuneration and social security45€43k€45k▲

Taxes450/3€40k€35k▼

Remuneration and social security454/9€2k€10k▲

Other amounts payable47/48€3k-

Income statement Code20242025

Non-recurring operating income76A-€6k

Remuneration, social security and pensions62€70k€46k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€26k▲

Other operating charges640/8€3k€19k▲

Non-recurring operating charges66A-€4k

Gross operating margin9900€185k€150k▼

Operating profit (loss)9901€91k€55k▼

Financial income75/76B€2€1k▲

Recurring financial income75€2€1k▲

Financial charges65/66B€2k€7k▲

Recurring financial charges65€2k€7k▲

Profit (loss) for the period before taxes9903€90k€49k▼

Income taxes67/77€22k€12k▼

Profit (loss) for the period9904€68k€37k▼

Profit (loss) for the period to be appropriated9905€68k€37k▼

Appropriation of the result

Profit (loss) to be appropriated9906€68k€37k▼

Transfer to equity691/2€68k€37k▼

To other reserves6921€68k€37k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-10-2026

2026

10-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 161 days late

2025

31-03

Financial Equity above €100kEq €129k ▲40.1%

4 profitable years in a row build equity to €129k.

2024

22-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 22 days late

31-03

Financial Highest result since 2021net €68k ▲151%

Operating result €91k, net result €68k, both a record.

2023

10-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 10 days late

2022

01-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 366 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are 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, Gent · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Cécile Cautermanstraat 329040 Gent

Ground area

62 m²

Parcel 44432C1113/00L002, Flanders. Linked by address, not a title deed.

1 establishment unit

MORCA

Cécile Cautermanstraat 32, 9040 GentRepair and maintenance of machinery

since 20192.289.966.102

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44432C1113/00L002	Flanders	62 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Schoonmaakbedrijf De Lelie

Of 7,356 companies in sector 81210 we hold annual accounts for 2,734. 2,091 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-05-2019

Fiscal year end31-03

Activities, NACEBEL

43341Painting of buildings

81210General cleaning of buildings

43910Bricklaying and masonry work

43994Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.