MORDKA
ActiveSummary
MORDKA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.70M and a net result of €862k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 25% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+66
Solvency49▲+13
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 27.63 against 46.19 in 2024; short-term debt: 1.8% and cash: 6% of total assets), but 75.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
24.1%
Return on assets
12.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.70M
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
37 d early
2023
56 d early
2022
54 d early
2021
34 d early
2020
4 d early
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€862k
2024 · €-24k
2018: €-214klowest in 8 years
2019: €-184k▲ +13.9% vs 2018
2020: €471k▲ +356% vs 2019
2021: €-126k▼ -127% vs 2020
2022: €-160k▼ -27.6% vs 2021
2023: €-104k▲ +35.3% vs 2022
2024: €-24k▲ +76.9% vs 2023
2025: €862k▲ +3699% vs 2024highest in 8 years
2018 → 2025
Working capital
€3.42M▲ 2.3%
2024 · €3.34M
2018: €-3.07Mlowest in 8 years
2019: €214k▲ +107% vs 2018
2020: €254k▲ +18.6% vs 2019
2021: €40k▼ -84.1% vs 2020
2022: €-125k▼ -410% vs 2021
2023: €6k▲ +105% vs 2022
2024: €3.34M▲ +51300% vs 2023
2025: €3.42M▲ +2.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.12M-€962k▼ 14.3%€858k▼ 10.8%€834k▼ 2.8%€1.70M▲ 103%
2021: €1.12M
2022: €962k▼ -14.3% vs 2021
2023: €858k▼ -10.8% vs 2022
2024: €834k▼ -2.8% vs 2023lowest in 5 years
2025: €1.70M▲ +103% vs 2024highest in 5 years
Operating result€-80k-€-115k▼ 42.8%€-129k▼ 12.1%€-109k▲ 15.7%€877k
2021: €-80k
2022: €-115k▼ -42.8% vs 2021
2023: €-129k▼ -12.1% vs 2022lowest in 5 years
2024: €-109k▲ +15.7% vs 2023
2025: €877k▲ +909% vs 2024highest in 5 years
Net result€-126k-€-160k▼ 27.6%€-104k▲ 35.3%€-24k▲ 76.9%€862k
2021: €-126k
2022: €-160k▼ -27.6% vs 2021lowest in 5 years
2023: €-104k▲ +35.3% vs 2022
2024: €-24k▲ +76.9% vs 2023
2025: €862k▲ +3699% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €877k after a loss of €109k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.04M
Fixed assets
€3.49M ▼ 16.7%
Current assets
€3.54M ▲ 3.9%
Equity and liabilities €7.04M
Equity
€1.70M ▲ 103%
Debt
€5.34M ▼ 21.1%
Debt's share of the balance-sheet total falls from 89.0% to 75.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€878k▲
2024 · €-69k
Cash flow
€863k▲
2024 · €16k
Current ratio
27.63▼
2024 · 46.19
Debt to equity
3.15▼
2024 · 8.12
ROE
50.8%▲
2024 · -2.9%
ROA
12.2%▲
2024 · -0.3%
Interest coverage
10.16▲
2024 · -0.82
Debt ≤ 1 year
€128k▲
2024 · €74k
Debt > 1 year
€5.21M▼
2024 · €6.67M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.61M€7.04M▼
Fixed assets21/28€4.19M€3.49M▼
Tangible fixed assets22/27€702k€0▼
Land and buildings22€701k-
Furniture and vehicles24€979€0▼
Other tangible fixed assets26€201-
Financial fixed assets28€3.49M€3.49M=
Current assets29/58€3.41M€3.54M▲
Amounts receivable within one year40/41€52k€59k▲
Trade receivables40€27k€40k▲
Other amounts receivable41€25k€18k▼
Current investments50/53€3.30M€3.05M▼
Cash at bank and in hand54/58€55k€424k▲
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€7.61M€7.04M▼
Equity10/15€834k€1.70M▲
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€45k€75k▲
Non-distributable reserves130/1€45k€75k▲
Legal reserve130€45k€75k▲
Profit (loss) carried forward14€39k€871k▲
Amounts payable17/49€6.77M€5.34M▼
Amounts payable after more than one year17€6.67M€5.21M▼
Other amounts payable178/9€6.67M€5.21M▼
Amounts payable within one year42/48€74k€128k▲
Trade debts44€73k€128k▲
Suppliers440/4€73k€128k▲
Taxes, remuneration and social security45€799-
Taxes450/3€799-
Other amounts payable47/48€20€20=
Accrued charges and deferred income492/3€31k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€979▼
Other operating charges640/8€20k€10k▼
Gross operating margin9900€-49k€889k▲
Operating profit (loss)9901€-109k€877k▲
Financial income75/76B€169k€71k▼
Recurring financial income75€169k€71k▼
Financial charges65/66B€84k€86k▲
Recurring financial charges65€84k€86k▲
Profit (loss) for the period before taxes9903€-24k€862k▲
Profit (loss) for the period9904€-24k€862k▲
Profit (loss) for the period to be appropriated9905€-24k€862k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€901k▲
Profit (loss) brought forward from the previous period14P€63k€39k▼
Transfer to equity691/2-€30k
To the legal reserve6920-€30k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €208k | €42k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €41k | €41k | €40k | €979 | ▼ 97.5% |
| Other operating charges640/8 | €19k | €20k | €21k | €20k | €10k | ▼ 48.9% |
| Gross operating margin9900 | €187k | €-12k | €-67k | €-49k | €889k | ▲ 1,925% |
| Operating profit (loss)9901 | €-80k | €-115k | €-129k | €-109k | €877k | ▲ 909% |
| Financial income75/76B | €921 | €3k | €81k | €169k | €71k | ▼ 58.0% |
| Recurring financial income75 | €921 | €3k | €81k | €169k | €71k | ▼ 58.0% |
| Financial charges65/66B | €46k | €49k | €56k | €84k | €86k | ▲ 2.7% |
| Recurring financial charges65 | €46k | €49k | €56k | €84k | €86k | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €-126k | €-160k | €-104k | €-24k | €862k | ▲ 3,699% |
| Profit (loss) for the period9904 | €-126k | €-160k | €-104k | €-24k | €862k | ▲ 3,699% |
| Profit (loss) for the period to be appropriated9905 | €-126k | €-160k | €-104k | €-24k | €862k | ▲ 3,699% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.44M | €4.34M | €4.35M | €7.61M | €7.04M | ▼ 7.5% |
| Fixed assets21/28 | €4.12M | €4.28M | €4.23M | €4.19M | €3.49M | ▼ 16.7% |
| Tangible fixed assets22/27 | €823k | €783k | €742k | €702k | €0 | ▼ 100.0% |
| Land and buildings22 | €789k | €760k | €730k | €701k | - | - |
| Furniture and vehicles24 | €11k | €8k | €4k | €979 | €0 | ▼ 100.0% |
| Other tangible fixed assets26 | €23k | €15k | €7k | €201 | - | - |
| Financial fixed assets28 | €3.29M | €3.49M | €3.49M | €3.49M | €3.49M | = |
| Current assets29/58 | €327k | €70k | €115k | €3.41M | €3.54M | ▲ 3.9% |
| Amounts receivable within one year40/41 | €312k | €53k | €35k | €52k | €59k | ▲ 12.5% |
| Trade receivables40 | €307k | €52k | €35k | €27k | €40k | ▲ 48.6% |
| Other amounts receivable41 | €5k | €898 | €126 | €25k | €18k | ▼ 27.1% |
| Current investments50/53 | - | - | - | €3.30M | €3.05M | ▼ 7.6% |
| Cash at bank and in hand54/58 | €13k | €16k | €79k | €55k | €424k | ▲ 667% |
| Deferred charges and accrued income490/1 | €2k | - | €799 | €5k | €12k | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.44M | €4.34M | €4.35M | €7.61M | €7.04M | ▼ 7.5% |
| Equity10/15 | €1.12M | €962k | €858k | €834k | €1.70M | ▲ 103% |
| Contributions10/11 | €750k | €750k | €750k | €750k | €750k | = |
| Capital10 | €750k | €750k | €750k | €750k | €750k | = |
| Issued capital100 | €750k | €750k | €750k | €750k | €750k | = |
| Reserves13 | €45k | €45k | €45k | €45k | €75k | ▲ 67.5% |
| Non-distributable reserves130/1 | €45k | €45k | €45k | €45k | €75k | ▲ 67.5% |
| Legal reserve130 | €45k | €45k | €45k | €45k | €75k | ▲ 67.5% |
| Profit (loss) carried forward14 | €327k | €167k | €63k | €39k | €871k | ▲ 2,107% |
| Amounts payable17/49 | €3.32M | €3.38M | €3.49M | €6.77M | €5.34M | ▼ 21.1% |
| Amounts payable after more than one year17 | €3.03M | €3.19M | €3.38M | €6.67M | €5.21M | ▼ 21.8% |
| Other amounts payable178/9 | €3.03M | €3.19M | €3.38M | €6.67M | €5.21M | ▼ 21.8% |
| Amounts payable within one year42/48 | €287k | €194k | €109k | €74k | €128k | ▲ 73.6% |
| Financial debts43 | €276k | €184k | €92k | - | - | - |
| Credit institutions430/8 | €276k | €184k | €92k | - | - | - |
| Trade debts44 | €8k | €10k | €17k | €73k | €128k | ▲ 75.6% |
| Suppliers440/4 | €8k | €10k | €17k | €73k | €128k | ▲ 75.6% |
| Taxes, remuneration and social security45 | - | - | - | €799 | - | - |
| Taxes450/3 | - | - | - | €799 | - | - |
| Other amounts payable47/48 | €3k | - | - | €20 | €20 | = |
| Accrued charges and deferred income492/3 | - | - | - | €31k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-126k | €-160k | €-104k | €-24k | €862k | ▲ 3,699% |
| + Depreciation and write-downs630 | €41k | €41k | €41k | €40k | €979 | ▼ 97.5% |
| Operating cash flow (approximation) | €-85k | €-120k | €-63k | €16k | €863k | ▲ 5,325% |
| Investment in fixed assets (approximation) | - | €-200k | €0 | €0 | €701k | - |
| Change in cash | - | €3k | €63k | €-24k | €368k | ▲ 1,645% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €862k
Net result €862k after 4 loss-making years.
31-12
Financial
Equity above €1MEq €1.70M ▲103%
Equity rises from €834k to €1.70M.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 44current ratio 46.19
Current ratio from 1.06 to 46.19; short-term debt falls from €109k to €74k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.36 to 1.06; short-term debt falls from €194k to €109k.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €471k
Net result €471k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.25M ▲60.6%
Equity rises from €777k to €1.25M.
Show earlier events
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Liquidity times 9current ratio 1.41
Current ratio from 0.16 to 1.41; short-term debt falls from €3.66M to €516k.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2014
Ground area
333 m²
Building footprint
75 m²
Volume, LiDAR
797 m³
Parcel 21013B0007/00L000, Brussels · tallest building 18.3 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Mordka
since 20142.275.916.047
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0007/00L000 | Brussels | 333 m² | 1 · 75 m² | 18.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 22,037 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.