Summary
Morcoma is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €360,868 and a net result of €24,109. Equity is growing by about 5.5% per year across the filed financial years. Its solvency ranks better than 46% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other financial services
NACE 64999
8th oldest company in Oud-Turnhout, Finance and insurance sector1 site
Size
€784,942total assets 2025
- Equity
- €360,868
- Profit
- €24,109
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Holdings
- 1
2025 accounts 51 days early
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 days early
2024
48 days early
2023
22 days early
2022
48 days early
2021
4 days early
2020
13 days late
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% 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 13 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
In the rankings
#8 oldest company in Oud-Turnhout, Finance and insurance sector
Equity
€360,868▲ 7.2%
2024 · €336,759
Net result
€24,109▲ 39.2%
2024 · €17,324
Total assets
€784,942▲ 4.0%
2024 · €754,598
Solvency
46.0%▲ 1.3pp
2024 · 44.6%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €3,650 in 2025 against €15,028 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€3,650
2025
Net result€24,109
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€784,942
2025
Equity€360,868
2025
Debt€424,074
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€360,414
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)3.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency46.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.85
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€14,075--€14,353▼ 2.0%-€16,376▼ 14.1%-€14,852▲ 9.3%-€14,085▲ 5.2%-€15,649▼ 11.1%-€15,028▲ 4.0%-€3,650▲ 75.7%
Net result-€1,393-€358,492€5,886within the sector's middle half▼ 98.4%€10,114within the sector's middle half▲ 71.8%€27,992within the sector's middle half▲ 177%€15,390within the sector's middle half▼ 45.0%€17,324within the sector's middle half▲ 12.6%€24,109within the sector's middle half▲ 39.2%
Equity€8,704-€367,195▲ 42×€373,082within the sector's middle half▲ 1.6%€276,053within the sector's middle half▼ 26.0%€304,045within the sector's middle half▲ 10.1%€319,435within the sector's middle half▲ 5.1%€336,759within the sector's middle half▲ 5.4%€360,868within the sector's middle half▲ 7.2%
Total assets€435,308-€795,300▲ 82.7%€782,246within the sector's middle half▼ 1.6%€685,217within the sector's middle half▼ 12.4%€711,004within the sector's middle half▲ 3.8%€730,584within the sector's middle half▲ 2.8%€754,598within the sector's middle half▲ 3.3%€784,942within the sector's middle half▲ 4.0%
Debt€426,605-€428,105▲ 0.4%€409,164▼ 4.4%€409,164=€406,959▼ 0.5%€411,149▲ 1.0%€417,839▲ 1.6%€424,074▲ 1.5%
Working capital€8,250-€366,742▲ 44×€372,628above the sector's middle half▲ 1.6%€275,600above the sector's middle half▼ 26.0%€303,591above the sector's middle half▲ 10.2%€318,982above the sector's middle half▲ 5.1%€336,305above the sector's middle half▲ 5.4%€360,414above the sector's middle half▲ 7.2%
Solvency2.0%-46.2%▲ 44.2pp47.7%within the sector's middle half▲ 1.5pp40.3%within the sector's middle half▼ 7.4pp42.8%within the sector's middle half▲ 2.5pp43.7%within the sector's middle half▲ 1.0pp44.6%within the sector's middle half▲ 0.9pp46.0%within the sector's middle half▲ 1.3pp
Current ratio1.02-1.86▲ 0.841.91within the sector's middle half▲ 0.051.67within the sector's middle half▼ 0.241.75within the sector's middle half▲ 0.071.78within the sector's middle half▲ 0.031.80within the sector's middle half▲ 0.031.85within the sector's middle half▲ 0.05
Return on assets (ROA)-0.3%-45.1%▲ 45.4pp0.8%within the sector's middle half▼ 44.3pp1.5%within the sector's middle half▲ 0.7pp3.9%within the sector's middle half▲ 2.5pp2.1%within the sector's middle half▼ 1.8pp2.3%within the sector's middle half▲ 0.2pp3.1%within the sector's middle half▲ 0.8pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €784,942
Fixed assets
€454 =
Current assets
€784,488 ▲ 4.0%
Equity and liabilities €784,942
Equity
€360,868 ▲ 7.2%
Debt
€424,074 ▲ 1.5%
Debt's share of the balance-sheet total falls from 55.4% to 54.0%. Equity and debt are higher.
Key figures and ratios
ROE
6.7%▲
2024 · 5.1%
Debt ≤ 1 year
€424,074▲
2024 · €417,839
Income taxes
€12,065▲
2024 · €10,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €969 | €970 | €109 | €893 | €520 | ▼ 41.8% |
| Gross operating margin9900 | -€13,632 | -€13,907 | -€15,928 | -€13,883 | -€13,115 | -€15,540 | -€14,135 | -€3,130 | ▲ 77.9% |
| Operating profit (loss)9901 | -€14,075 | -€14,353 | -€16,376 | -€14,852 | -€14,085 | -€15,649 | -€15,028 | -€3,650 | ▲ 75.7% |
| Financial income75/76B | - | - | - | €26,048 | €43,268 | €36,931 | €43,843 | €40,191 | ▼ 8.3% |
| Recurring financial income75 | €12,856 | €655,995 | €22,483 | €26,048 | €43,268 | €36,931 | €43,843 | €40,191 | ▼ 8.3% |
| Financial charges65/66B | - | - | - | €1,081 | €319 | €289 | €526 | €368 | ▼ 30.0% |
| Recurring financial charges65 | €174 | €283,150 | €220 | €1,081 | €319 | €289 | €526 | €368 | ▼ 30.0% |
| Profit (loss) for the period before taxes9903 | -€1,393 | €358,492 | €5,886 | €10,114 | €28,863 | €20,993 | €28,290 | €36,173 | ▲ 27.9% |
| Income taxes67/77 | €0 | - | - | - | €871 | €5,602 | €10,966 | €12,065 | ▲ 10.0% |
| Profit (loss) for the period9904 | -€1,393 | €358,492 | €5,886 | €10,114 | €27,992 | €15,390 | €17,324 | €24,109 | ▲ 39.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,393 | €358,492 | €5,886 | €10,114 | €27,992 | €15,390 | €17,324 | €24,109 | ▲ 39.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €435,308 | €795,300 | €782,246 | €685,217 | €711,004 | €730,584 | €754,598 | €784,942 | ▲ 4.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €454 | €454 | €454 | €454 | €454 | €454 | €454 | €454 | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €454 | €454 | €454 | €454 | €454 | €454 | €454 | €454 | = |
| Current assets29/58 | €434,854 | €794,846 | €781,792 | €684,764 | €710,550 | €730,130 | €754,145 | €784,488 | ▲ 4.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €126,829 | €194,593 | €281,706 | €570,764 | €710,528 | €729,929 | €753,827 | €773,318 | ▲ 2.6% |
| Other amounts receivable41 | - | - | - | €570,764 | €710,528 | €729,929 | €753,827 | €773,318 | ▲ 2.6% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €25,000 | €600,253 | €500,086 | €114,000 | €22 | €201 | €317 | €11,170 | ▲ 35× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €435,308 | €795,300 | €782,246 | €685,217 | €711,004 | €730,584 | €754,598 | €784,942 | ▲ 4.0% |
| Equity10/15 | €8,704 | €367,195 | €373,082 | €276,053 | €304,045 | €319,435 | €336,759 | €360,868 | ▲ 7.2% |
| Contributions10/11 | €18,599 | €18,599 | - | €18,599 | €18,599 | €18,599 | €18,599 | €18,599 | = |
| Reserves13 | €0 | - | €354,482 | €257,454 | €285,446 | €300,836 | €318,160 | €342,268 | ▲ 7.6% |
| Distributable reserves133 | - | - | - | €257,454 | €285,446 | €300,836 | €318,160 | €342,268 | ▲ 7.6% |
| Profit (loss) carried forward14 | -€9,896 | €348,596 | €0 | €0 | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €426,605 | €428,105 | €409,164 | €409,164 | €406,959 | €411,149 | €417,839 | €424,074 | ▲ 1.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €426,605 | €428,105 | €409,164 | €409,164 | €406,959 | €411,149 | €417,839 | €424,074 | ▲ 1.5% |
| Trade debts44 | €0 | €1,500 | €5,059 | €5,059 | €1,983 | €571 | €423 | €196 | ▼ 53.6% |
| Suppliers440/4 | - | - | - | €5,059 | €1,983 | €571 | €423 | €196 | ▼ 53.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €871 | €6,474 | €13,311 | €19,774 | ▲ 48.5% |
| Taxes450/3 | - | - | - | - | €871 | €6,474 | €13,311 | €19,774 | ▲ 48.5% |
| Other amounts payable47/48 | - | - | - | €404,105 | €404,105 | €404,105 | €404,105 | €404,105 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,393 | €358,492 | €5,886 | €10,114 | €27,992 | €15,390 | €17,324 | €24,109 | ▲ 39.2% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,393 | €358,492 | €5,886 | €10,114 | €27,992 | €15,390 | €17,324 | €24,109 | ▲ 39.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €575,253 | -€100,167 | -€386,086 | -€113,978 | €179 | €116 | €10,853 | ▲ 94× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 10-06-2026 | 2026-00149365 |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00135579 |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00225356 |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00122783 |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20229693 |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48300494 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28500338 |
| 31-12-2018 | micro format | 23-09-2019 | 2019-65500208 |
| 31-12-2017 | micro format | 25-09-2018 | 2018-64600279 |
| 31-12-2016 | abbreviated format | 25-09-2017 | 2017-63200059 |
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Of the 792 active companies whose main activity is other financial services (NACE 64999), figures are known for 496. 318 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No sitting directors in the Gazette act read. See the directors and other office holders in the KBO →
Owners and capital
Capital and shareholders
Capital over the years
- 02-08-2023 Converted to unavailable equity · €18,599
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the 2025 annual accounts of Morcoma and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No sitting directors or connected companies in the Gazette act read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
13-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
09-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
02-08
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Name · Resignations & appointmentsCapital · Capital conversion · Reserve release10 facts ▸
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Name · Resignations & appointments
Capital · Capital conversion · Reserve release10 facts ▸
- General meeting, 25-07-2023
- Other provision, “enig aandeelhouderschap, artikel 2:8 § 4 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital, €18,599
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar maken, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director in office, van de Mortel Stefan Antoon Karel (director)
- Name change, Morcoma
- Amendment of the articles, 1
- Purpose change
- Amendment of the articles
13-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
27-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
13-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 13 days late
2020
10-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Back to profitnet €358,492
Net result €358,492 after one loss-making year.
31-12
Financial
Equity above €200,000equity €367,195 ▲4,119%
Equity rises from €8,704 to €367,195.
23-09
NBB filing
Annual accounts filed
financial year 2018 · micro format · 54 days late
2018
25-09
NBB filing
Annual accounts filed
financial year 2017 · micro format · 56 days late
2017
25-09
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 56 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 29 annual accounts filed, the latest 10 are here; all 29 are under Financials.
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded17-12-1997
Financial year end31-12
Activities, NACEBEL 2025
64999Other financial services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462183818
Also
9925:BE0462183818
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Oud-Turnhout · 1 establishment unit since 1998
Ground area
2,522 m²
Building footprint
299 m²
Building volume
1,923 m³
Parcel 13482F1171/00T003, Flanders · tallest building 10.1 m. Linked by address, not a title deed.
1 establishment unit
MORCOMA BVBA
since 1998unit no. 2.085.480.994
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13482F1171/00T003 | Flanders | 2,522 m² | 1 · 298 m² | 10.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Morcoma
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer personen,natuurlijke of rechtspersonen, bepaalde of onbepaalde duur” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Vorderen dat aandeelhouder zijn aandelen aan eisers overdraagt, Ondernemingsrechtbank van gerechtelijk arrondissement waar zich zetel…” (deed in Dutch)“Overgang bij overlijden, rechthebbenden overleden aandeelhouder” (deed in Dutch)“Schriftelijk bij aangetekende brief of op e-mailadres vennootschap, sanctie bij schending voorschriften” (deed in Dutch)“Intrinsieke waarde, kopie verkoopsovereenkomst onder opschortende voorwaarde niet-uitoefening” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 20:00