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MOREL OPTICIENS

Active
Public limited companyfounded 1988active for 38 yearsAvenue de Maire(TOU) 24, 7500 Tournai, BelgiumKBO/BCE: BE 0435.357.378
Summary

MOREL OPTICIENS has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.7m and a net result of €1.1m. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 66% of 4,929 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Retail sale of prescription glasses, lenses and sunglasses
NACE 47742
14 sites
Size
€9.1mtotal assets 2025
Staff
26.6 FTE
Equity
€4.7m
Profit
€1.1m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Holdings
2
Accounts 6 days early2 of 16 deeds read
Why 96lowers riskFounded in 1988Liquidity: current ratio 0.80, cash €1.5mSize: 26.6 FTE, total assets €9.1mEquity €4.7m (51.4% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 69% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Strong
Solvency 76+16
equity 51.4% of total assets
Liquidity 52+26
short-term debt 40.2% · cash 16.3%
Profitability 68+23
return on assets 12.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,694 companies, NACE 47, small)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.8%▲ +0.1 percentage points vs 12-2024 02-2025: 1.0%▲ +0.2 percentage points vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.1%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.7%▼ -0.4 percentage points vs 04-2025 06-2025: 0.3%▼ -0.4 percentage points vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: < 0.1%▼ -0.5 percentage points vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €440,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.8, compared with 0.27 in 2024, below 1; short-term debt: 40.2% and cash: 16.3% of total assets), and 48.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 73% on solvency, 67% on liquidity, 52% on profitability and 85% on growth.

The bankruptcy probability was computed on 13-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1988
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 0.80, cash €1.5m
NBB · annual accounts
lowers risk · Size: 26.6 FTE, total assets €9.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €4.7m (51.4% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
6 days early
2024
1 day early
2023
2 days late
2022
10 days early
2021
11 days early
2020
3 days early
2019
20 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 7 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end14-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Capital & shares · Purpose ·…Merger · Transfer of a…
  2. RestructuringIncorporation · Capital · Director…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: Staff rose in 2025from 11.6 FTE to 26.6 FTE ▲ 129% View
  • Positive: Among the best 6% on net resultsector median €40,725 · 4,929 companies €1.1m View
  • 4 restructurings in 2026latest: merger with DUTRANNOIT OPTICS 4 View
  • Positive: 7 profitable years in a rowprofit 2025: €1.1m 7 years View

By topic

Financials

Financial year
2025
Total assets
€9.1m
Profit
€1.1m
Solvency
51.4%
Total assets▼ 9.3%
Net result
20192025
Go to Financials

Timeline

Events
31
Since
2001
Next accounts
by 30-04-2027
  1. 30-09-2025Highest result from 2019 to 2025
  2. 29-04-2025Annual accounts filed
  3. 02-05-2024Annual accounts filed
Go to Timeline

Company details

Sites
14
Legal form
Public limited company
Activity
Retail sale of prescription glasses, lenses and sunglassesNACE 47742
Founded
16-09-1988
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
11
Financial year
Closes on 31 December
Annual meeting
Last Friday of June at 19:00
Purpose
“Toutes opérations se rattachant directement ou indirectement au commerce d'appareils et…” (deed in French)
Go to Articles of association

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