MORELLI & FILS
ActiveMORELLI & FILS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €23k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+8
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 22.99 against 21.16 in 2024; short-term debt: 4.3% and cash: 83.2% of total assets), and 4.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
95.5%
Return on assets
8.2%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
37 d early
2022
78 d late
2021
60 d late
2020
25 d late
2019
101 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€270k▲ 9.4%
2024 · €246k
2018: €146k
2019: €145k
2020: €199k
2021: €185k
2022: €239k
2023: €237k
2024: €246k
2018 → 2025
Total assets
€282k▲ 9.2%
2024 · €258k
2018: €253k
2019: €241k
2020: €305k
2021: €260k
2022: €286k
2023: €273k
2024: €258k
2018 → 2025
Net result
€23k▲ 139%
2024 · €10k
2018: €14k
2019: €7k
2020: €60k
2021: €16k
2022: €54k
2023: €-3k
2024: €10k
2018 → 2025
Working capital
€268k▲ 10.7%
2024 · €242k
2018: €133k
2019: €121k
2020: €182k
2021: €183k
2022: €238k
2023: €230k
2024: €242k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€239k▲ 29.2%€237k▼ 1.1%€246k▲ 4.1%€270k▲ 9.4%
Operating result€24k-€76k▲ 219%€4k▼ 94.5%€18k▲ 320%€39k▲ 119%
Net result€16k-€54k▲ 229%€-3k€10k€23k▲ 139%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 119% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282k
Fixed assets
€2k▼ 53.0%
Current assets
€280k▲ 10.2%
Equity and liabilities €282k
Equity
€270k▲ 9.4%
Debt
€13k▲ 4.8%
The debt ratio falls from 4.6% to 4.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €20k
Cash flow
€25k▲
2024 · €12k
Solvency
95.5%▲
2024 · 95.4%
Current ratio
22.99▲
2024 · 21.16
Quick ratio
22.99▲
2024 · 21.16
Debt / equity
0.05▼
2024 · 0.05
ROE
8.6%▲
2024 · 3.9%
ROA
8.2%▲
2024 · 3.7%
Interest coverage
10.75▲
2024 · 5.70
Debt
€13k▲
2024 · €12k
Debt ≤ 1 year
€12k▲
2024 · €12k
Income taxes
€12k▲
2024 · €5k
Staff costs
€34k▲
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€258k€282k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€1k€1k=
Current assets29/58€254k€280k▲
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€13k€9k▼
Current investments50/53€30k€30k=
Cash at bank and in hand54/58€204k€235k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€258k€282k▲
Equity10/15€246k€270k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€32k€32k=
Non-distributable reserves130/1€30k€30k=
Own shares acquired1312€30k€30k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€196k€219k▲
Amounts payable17/49€12k€13k▲
Amounts payable within one year42/48€12k€12k▲
Trade debts44€3k€867▼
Suppliers440/4€3k€867▼
Taxes, remuneration and social security45€9k€10k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3-€400
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€34k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€540€2k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€56k€77k▲
Operating profit (loss)9901€18k€39k▲
Financial income75/76B€559-
Recurring financial income75€559-
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€15k€35k▲
Income taxes67/77€5k€12k▲
Profit (loss) for the period9904€10k€23k▲
Profit (loss) for the period to be appropriated9905€10k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€226k€219k▼
Profit (loss) brought forward from the previous period14P€216k€196k▼
Transfer to equity691/2€30k-
To other reserves6921€30k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 21.16
Current ratio from 7.40 to 21.16; short-term debt falls from €36k to €12k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k ▼105%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
31-12
Financial
Equity above €200kEq €239k ▲29.2%
5 profitable years in a row build equity to €239k.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €60k ▲708%
Operating result €77k, net result €60k, both a record.
31-12
Financial
Equity above €150kEq €199k ▲37.2%
3 profitable years in a row build equity to €199k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 87 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Tir 154000 LiègeGround area
287 m²
Building footprint
43 m²
Volume, LiDAR
342 m³
Parcel 62810B0021/00P000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MORELLI & FILS
since 20092.180.744.102
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0021/00P000 | Wallonia | 287 m² | 1 · 43 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,510 companies in sector 47540 we hold annual accounts for 805. 648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2009
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.