Equity
€81,882 ▲ 5.6%
MOREELS paid out €45,000 in dividends. That is 91% of the 2025 profit.
MOREELS
Lifetime
7 annual accounts with figures on one time axispeak €143,295 (2023)
€89,212▲ 34.6%
lowest -€25,010 (2021)
€49,354▲ 25.1%
peak €81,882 (2025)
€81,882▲ 5.6%
€29,082▼ 23.4%
Board1 name since 2019
1 director
Documentsfilings and deeds
19-08-202619 days late
2025micro format
Gross margin from €66,274 to €89,212Result from €39,457 to €49,354Registered office moved from Bachte-Maria-Leene to Ghent 30-12Dividend €45,000Debts from €37,945 to €29,082Cash from €5,161 to €7,201
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as MOREELS has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,969 companies, not a prediction for MOREELS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0722659106
Registered office moved from Bachte-Maria-Leene to Ghent
New registered office: Voetbalstraat 78, 9050 Gent · Previous registered office: Leemsesteenweg 64/0101, 9800 Bachte-Maria-Leene · Board meeting of 24-11-2025 · Gazette deed
Legal-form change · Resignations & appointments
General meeting of 18-10-2023 · Gazette deed
Registered office moved from Zottegem to Bachte-Maria-Leerne Leernsesteenweg
New registered office: 9800 Bachte-Maria-Leerne Leernsesteenweg 64/0101 · Previous registered office: Gentse Steenweg 62, 9620 Zottegem · Board meeting of 26-02-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MOREELS Ghent | €110,964 | €89,212 | 73.8% | - |
| STECKE Wachtebeke | €170,174 | €100,870 | 46.2% | - |
| Summit Performance Management Consultancy and Coaching Nazareth-De Pinte | €119,089 | €110,898 | 64.2% | - |
| SNOWMAN KNOWS Diksmuide | €565,849 | €84,801 | 69.9% | - |
| JOOS & C° Wetteren | €666,975 | €117,308 | 29.5% | - |
| Masters @ Solutions Ostend | €255,453 | €76,546 | 85.8% | - |
| CITY MAGAZINE Ostend | €430,338 | €68,225 | 45.6% | - |
These companies have the same main activity as MOREELS: public administration and defence; compulsory social security (NACE 84130). They are comparable in size and age: total assets between €119,000 and €667,000, founded between 2008 and 2022.
Official details
Source: KBO- Status
- Active since 12-03-2019Normal situation
- Activity
- Public administration and defence; compulsory social securityNACE 84130and 3 others
- Establishment unit
- 2.286.471.8259050 Ghent, since 12-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €270,000estimated
- €110,964▼ 3.9%
- ≈ 0.4 FTEestimated
- Filing
- Filed on 19-08-2026
Insights on MOREELS
MOREELS files the micro format. That format states no turnover. The gross margin rose from €4,820 in 2019 to €89,212 in 2025.
The balance sheet grew most in 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MOREELS
- What is the company number of MOREELS?
- The company number of MOREELS is 0722.659.106. The VAT number is the same number with BE in front: BE 0722.659.106.
- Where is MOREELS based?
- The registered office is at Voetbalstraat 78, 9050 Ghent.Company details
- What does MOREELS do?
- According to the KBO register, the main activity is public administration and defence; compulsory social security (NACE 84130).
- What is the legal form of MOREELS?
- MOREELS is a private limited company (BV).
- When was MOREELS founded?
- MOREELS was founded on 12-03-2019.
- Is MOREELS still active?
- Yes, MOREELS is an active enterprise in the KBO register.
- What is the turnover of MOREELS?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €89,212 and 2,666 comparable companies of the same size. It probably lies between €180,000 and €460,000. It is a rough estimate.Financials
- Is MOREELS profitable?
- In financial year 2025, MOREELS made a profit of €49,354.
- Where can I find the annual accounts of MOREELS?
- MOREELS filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MOREELS due?
- MOREELS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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