MORE
ActiveSummary
MORE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+7
Solvency28▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.33 in 2024; short-term debt: 15% and cash: 1.2% of total assets), and 97.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
2.6%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7058 sector peers (2025).
NBB · sector comparisonPosition among 7058 sector peers
Solvency
better than 15%
← weakest
strongest →
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 €13k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
24 d late
2023
27 d late
2022
42 d early
2021
29 d late
2020
26 d late
2019
6 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, micro schema
Equity
€13k▲ 43.0%
2024 · €9k
2018: €83k
2019: €103k▲ +23.1% vs 2018
2020: €165k▲ +60.7% vs 2019highest in 8 years
2021: €35k▼ -79.0% vs 2020
2022: €8k▼ -76.0% vs 2021lowest in 8 years
2023: €9k▲ +9.5% vs 2022
2024: €9k▼ -2.4% vs 2023
2025: €13k▲ +43.0% vs 2024
2018 → 2025
Total assets
€492k▼ 6.5%
2024 · €526k
2018: €343k
2019: €298k▼ -13.1% vs 2018
2020: €416k▲ +39.5% vs 2019
2021: €252k▼ -39.5% vs 2020
2022: €249k▼ -1.2% vs 2021
2023: €208k▼ -16.3% vs 2022lowest in 8 years
2024: €526k▲ +153% vs 2023highest in 8 years
2025: €492k▼ -6.5% vs 2024
2018 → 2025
Net result
€4k
2024 · €-218
2018: €21k
2019: €19k▼ -6.2% vs 2018
2020: €62k▲ +223% vs 2019highest in 8 years
2021: €-130k▼ -309% vs 2020lowest in 8 years
2022: €34k▲ +126% vs 2021
2023: €38k▲ +12.2% vs 2022
2024: €-218▼ -101% vs 2023
2025: €4k▲ +1858% vs 2024
2018 → 2025
Working capital
€-22k▲ 74.3%
2024 · €-84k
2018: €-64k
2019: €-45k▲ +29.6% vs 2018
2020: €-23k▲ +48.3% vs 2019
2021: €-13k▲ +44.1% vs 2020highest in 8 years
2022: €-47k▼ -258% vs 2021
2023: €-53k▼ -12.8% vs 2022
2024: €-84k▼ -58.6% vs 2023lowest in 8 years
2025: €-22k▲ +74.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€35k-€8k▼ 76.0%€9k▲ 9.5%€9k▼ 2.4%€13k▲ 43.0%
2021: €35khighest in 5 years
2022: €8k▼ -76.0% vs 2021lowest in 5 years
2023: €9k▲ +9.5% vs 2022
2024: €9k▼ -2.4% vs 2023
2025: €13k▲ +43.0% vs 2024
Operating result€-122k-€45k€51k▲ 13.0%€14k▼ 73.1%€32k▲ 132%
2021: €-122klowest in 5 years
2022: €45k▲ +137% vs 2021
2023: €51k▲ +13.0% vs 2022highest in 5 years
2024: €14k▼ -73.1% vs 2023
2025: €32k▲ +132% vs 2024
Net result€-130k-€34k€38k▲ 12.2%€-218€4k
2021: €-130klowest in 5 years
2022: €34k▲ +126% vs 2021
2023: €38k▲ +12.2% vs 2022highest in 5 years
2024: €-218▼ -101% vs 2023
2025: €4k▲ +1858% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 132% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492k
Fixed assets
€439k ▼ 9.4%
Current assets
€52k ▲ 28.7%
Equity and liabilities €492k
Equity
€13k ▲ 43.0%
Debt
€479k ▼ 7.3%
Debt's share of the balance-sheet total falls from 98.3% to 97.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▲
2024 · €46k
Cash flow
€49k▲
2024 · €32k
Current ratio
0.71▲
2024 · 0.33
Debt to equity
37.67▼
2024 · 58.12
ROE
30.1%▲
2024 · -2.4%
ROA
0.8%▲
2024 · 0.0%
Interest coverage
4.30▲
2024 · 3.64
Debt ≤ 1 year
€74k▼
2024 · €125k
Debt > 1 year
€405k▲
2024 · €392k
Income taxes
€11k▲
2024 · €2k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€526k€492k▼
Fixed assets21/28€485k€439k▼
Tangible fixed assets22/27€485k€439k▼
Land and buildings22€382k€370k▼
Plant, machinery and equipment23€20k€16k▼
Furniture and vehicles24€83k€54k▼
Current assets29/58€41k€52k▲
Amounts receivable within one year40/41€34k€44k▲
Trade receivables40€20k-
Other amounts receivable41€14k€44k▲
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€526k€492k▼
Equity10/15€9k€13k▲
Contributions10/11€6k€6k=
Reserves13€3k€7k▲
Non-distributable reserves130/1€2k€5k▲
Reserves not available under the articles1311€2k€2k=
Other1319-€4k
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-218-
Amounts payable17/49€517k€479k▼
Amounts payable after more than one year17€392k€405k▲
Financial debts170/4€392k€405k▲
Amounts payable within one year42/48€125k€74k▼
Current portion of amounts payable after more than one year42€33k€52k▲
Trade debts44€71k€2k▼
Suppliers440/4€71k€2k▼
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€21k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€46k▲
Other operating charges640/8€36k€8k▼
Gross operating margin9900€82k€85k▲
Operating profit (loss)9901€14k€32k▲
Financial income75/76B€981€1k▲
Recurring financial income75€981€1k▲
Financial charges65/66B€13k€18k▲
Recurring financial charges65€13k€18k▲
Profit (loss) for the period before taxes9903€2k€15k▲
Income taxes67/77€2k€11k▲
Profit (loss) for the period9904€-218€4k▲
Profit (loss) for the period to be appropriated9905€-218€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-218€4k▲
Profit (loss) brought forward from the previous period14P-€-218
Transfer to equity691/2-€4k
To other reserves6921-€4k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €25k | €25k | €33k | €46k | ▲ 40.4% |
| Other operating charges640/8 | €2k | €2k | €2k | €36k | €8k | ▼ 78.2% |
| Non-recurring operating charges66A | €155k | - | - | - | - | - |
| Gross operating margin9900 | €60k | €72k | €78k | €82k | €85k | ▲ 3.7% |
| Operating profit (loss)9901 | €-122k | €45k | €51k | €14k | €32k | ▲ 132% |
| Financial income75/76B | €1k | €2k | €2k | €981 | €1k | ▲ 29.6% |
| Recurring financial income75 | €1k | €2k | €2k | €981 | €1k | ▲ 29.6% |
| Financial charges65/66B | €2k | €3k | €3k | €13k | €18k | ▲ 41.8% |
| Recurring financial charges65 | €2k | €3k | €3k | €13k | €18k | ▲ 41.8% |
| Profit (loss) for the period before taxes9903 | €-123k | €44k | €50k | €2k | €15k | ▲ 651% |
| Income taxes67/77 | €8k | €11k | €12k | €2k | €11k | ▲ 407% |
| Profit (loss) for the period9904 | €-130k | €34k | €38k | €-218 | €4k | ▲ 1,858% |
| Profit (loss) for the period to be appropriated9905 | €-130k | €34k | €38k | €-218 | €4k | ▲ 1,858% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252k | €249k | €208k | €526k | €492k | ▼ 6.5% |
| Fixed assets21/28 | €206k | €182k | €158k | €485k | €439k | ▼ 9.4% |
| Tangible fixed assets22/27 | €206k | €182k | €158k | €485k | €439k | ▼ 9.4% |
| Land and buildings22 | €123k | €119k | €115k | €382k | €370k | ▼ 3.2% |
| Plant, machinery and equipment23 | €12k | €10k | €8k | €20k | €16k | ▼ 17.9% |
| Furniture and vehicles24 | €70k | €53k | €35k | €83k | €54k | ▼ 35.7% |
| Current assets29/58 | €46k | €66k | €50k | €41k | €52k | ▲ 28.7% |
| Amounts receivable within one year40/41 | €39k | €57k | €40k | €34k | €44k | ▲ 29.3% |
| Trade receivables40 | €18k | €19k | €18k | €20k | - | - |
| Other amounts receivable41 | €21k | €38k | €22k | €14k | €44k | ▲ 204% |
| Cash at bank and in hand54/58 | €5k | €7k | €8k | €4k | €6k | ▲ 46.4% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €3k | €2k | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252k | €249k | €208k | €526k | €492k | ▼ 6.5% |
| Equity10/15 | €35k | €8k | €9k | €9k | €13k | ▲ 43.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €28k | €2k | €3k | €3k | €7k | ▲ 124% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €5k | ▲ 194% |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Other1319 | - | - | - | - | €4k | - |
| Distributable reserves133 | €27k | €262 | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | - | - | - | €-218 | - | - |
| Amounts payable17/49 | €217k | €240k | €199k | €517k | €479k | ▼ 7.3% |
| Amounts payable after more than one year17 | €158k | €127k | €96k | €392k | €405k | ▲ 3.3% |
| Financial debts170/4 | €158k | €127k | €96k | €392k | €405k | ▲ 3.3% |
| Amounts payable within one year42/48 | €59k | €113k | €103k | €125k | €74k | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | €37k | €38k | €38k | €33k | €52k | ▲ 58.1% |
| Trade debts44 | €1k | €1k | €8k | €71k | €2k | ▼ 97.8% |
| Suppliers440/4 | €1k | €1k | €8k | €71k | €2k | ▼ 97.8% |
| Taxes, remuneration and social security45 | €21k | €33k | €31k | €21k | €20k | ▼ 2.5% |
| Taxes450/3 | €21k | €33k | €31k | €21k | €20k | ▼ 2.5% |
| Other amounts payable47/48 | - | €42k | €26k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-130k | €34k | €38k | €-218 | €4k | ▲ 1,858% |
| + Depreciation and write-downs630 | €24k | €25k | €25k | €33k | €46k | ▲ 40.4% |
| Operating cash flow (approximation) | €-106k | €59k | €62k | €32k | €49k | ▲ 53.2% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-360k | €0 | ▲ 100% |
| Change in cash | - | €2k | €499 | €-4k | €2k | ▲ 152% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-130k
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €62k ▲223%
Operating result €85k, net result €62k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲60.7%
3 profitable years in a row build equity to €165k.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
Show earlier events
2019
31-12
Financial
Equity above €100kEq €103k ▲23.1%
2 profitable years in a row build equity to €103k.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schoten · 1 establishment unit since 2008
Ground area
1,970 m²
Building footprint
242 m²
Volume, LiDAR
1,341 m³
Parcel 11040D0193/00B005, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MORE
since 20082.174.819.083
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0193/00B005 | Flanders | 1,970 m² | 1 · 242 m² | 9.7 m · 2 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 2,712 companies in sector 73200 we hold annual accounts for 1,782. 678 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.