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MOREAU ETS

Active
Private limited company (pre-2019)founded 1992active for 34 yearsMontagne Sainte-Walburge 319, 4000 Liège, BelgiumKBO/BCE: BE 0446.976.394
Summary

MOREAU ETS has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63,140 and a net result of -€333. Equity has been stable since 2018 (±2.3% per year). Its solvency ranks better than 53% of 25,566 sector peers (NACE 47, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 31-03-1992 Normal situation
Activity
Other retail sale of food NACE 47279and 1 other
Establishment unit
2.058.346.928 4000 Liège, since 04-08-1992
Financial year end
31 December
Peppol
Reachable since 08-01-2026

Board and ownership

Board
  • MOREAU PhilippeDirector

Financial position

55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2024
Gross margin
€60,583
▲ 6.2%
Turnover
≈ €460,000
estimated
Loss
€333
Equity
€63,140
▼ 0.5%
Total assets
€174,364
▲ 0.3%
Staff
≈ 1.2 FTE
estimated
  • 2025 accounts not filed, 93 days past the deadline
Filed on 29-10-2025
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 05-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 90 days late; 2 of the last 3 accounts latelowers riskFounded in 1992Liquidity: current ratio 0.70, cash €31,065Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 43% of micro companies in retail trade (NACE 47)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Average
Solvency 61-1
equity 36.2% of total assets
Liquidity 47-13
short-term debt 49.8% · cash 17.8%
Profitability 47-9
return on assets -0.2%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025lowest value 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.9%▲ +0.3 percentage points vs 09-2025 11-2025: 1.0%▲ +0.1 percentage points vs 10-2025 12-2025: 0.5%▼ -0.5 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.4%▼ -0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%▲ +0.1 percentage points vs 08-2026 10-2026: 1.2%▲ +0.4 percentage points vs 09-2026highest value 11-2026: 1.2%● unchanged vs 10-2026highest value
Credit of up to €3,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.7 (0.83 in 2023), below 1. Short-term debt is 49.8% and cash 17.8% of total assets. 63.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 52% of them on solvency, 47% on liquidity, 35% on profitability and 37% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Figures for financial year 2024 (filed on 05-11-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 90 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 0.70, cash €31,065
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
90 days late
2023
90 days late
2022
30 days late
2021
30 days late
2020
30 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 65 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Comparable companies

These companies have the same main activity as MOREAU ETS: other retail sale of food (NACE 47279). They are comparable in size and age: total assets between €139,000 and €191,000, founded between 1990 and 1998.

CompanyTotal assetsGross margin
MOREAU ETS Liège€174,364€60,583
BIO BRAINE Braine-le-Château€191,203€59,010
PIZZA NOVA Verviers€147,288€38,893
DE COCK - MESKENS Merchtem€147,447€54,144
't BRETOENTJE Sint-Truiden€138,566€84,966
NHM NATURAL HEALTH MEANS Gembloux€146,380€54,546
DE DECKER-ROGIERS Zottegem€160,319€39,280
Full comparison

Key facts about MOREAU ETS

What is the company number of MOREAU ETS?
The company number of MOREAU ETS is 0446.976.394. The VAT number is the same number with BE in front: BE 0446.976.394.
Where is MOREAU ETS based?
The registered office is at Montagne Sainte-Walburge 319, 4000 Liège.Company details
What does MOREAU ETS do?
According to the KBO register, the main activity is other retail sale of food (NACE 47279).
What is the legal form of MOREAU ETS?
The legal form of MOREAU ETS is Private limited company (pre-2019) (BVBA).
When was MOREAU ETS founded?
MOREAU ETS was founded on 31-03-1992.
Is MOREAU ETS still active?
Yes, MOREAU ETS is an active enterprise in the KBO register.
What is the turnover of MOREAU ETS?
The turnover in financial year 2024 is ≈ €460,000. This figure is estimated from the gross margin of €60,583 and 45 comparable companies (NACE 472). It probably lies between €260,000 and €620,000.Financials
Is MOREAU ETS profitable?
In financial year 2024, MOREAU ETS made a loss of €333.
Where can I find the annual accounts of MOREAU ETS?
MOREAU ETS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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