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MORGAN BELGIUM

Active
Private limited companyfounded 1982active for 44 yearsHallesesteenweg 158c, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 0423.105.189
Summary

MORGAN BELGIUM has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405,480 and a net result of -€91,505. Equity has been shrinking by about 14% per year since 2018. Its solvency ranks better than 38% of 12,757 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 24-09-1982 Normal situation
Activity
Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811and 1 other
Establishment unit
2.021.246.309 1640 Sint-Genesius-Rode, since 24-09-1982
Financial year end
31 December
Peppol
Reachable since 16-12-2025

Board and ownership

Board
  • Fountainhead Consulting & Investment BVDirector · since 11-01-2021
Shareholders

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Gross margin
€326,707
▼ 47.0%
Turnover
≈ €2.8m
estimated
Loss
€91,505
Equity
€405,480
▼ 34.3%
Total assets
€1.6m
▼ 31.4%
Employees on 31-12-2025
3
▼ 40.0%
Filed on 02-06-2026, 59 days before the deadline
Score breakdownraises riskLoss of €91,505 (financial year 2025)Sector: Retail trade (NACE 47)lowers riskFounded in 1982Size: 4.8 FTE, total assets €1.6mShow the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 22% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 51-1
equity 25.8% of total assets
Liquidity 18+1
short-term debt 71.3% · cash 4.7%
Profitability 11-56
return on assets -5.8%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.3 percentage points vs 06-2026highest value 08-2026: 0.6%● unchanged vs 07-2026highest value 09-2026: 0.6%● unchanged vs 08-2026highest value 10-2026: 0.6%● unchanged vs 09-2026highest value 11-2026: 0.6%● unchanged vs 10-2026highest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.35 in 2024), below the usual 1.5. Short-term debt is 71.3% and cash 4.7% of total assets. 74.2% 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 41% of them on solvency, 16% on liquidity, 18% on profitability and 14% 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

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €91,505 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Founded in 1982
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: 4.8 FTE, total assets €1.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
9 days early
2023
9 days early
2022
6 days early
2021
5 days early
2020
25 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €125,504 in 2024 -€91,505 View
  • Caution: Lower net result than 94% of companies in retail tradesector median €27,641 · 12,747 companies -€91,505 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Registered office moved from Molenbeek-Saint-Jean to Rhode-Saint-Genèse
All 13 events

Comparable companies

These companies have the same main activity as MORGAN BELGIUM: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €1.3m and €1.7m, founded between 1982 and 1990.

CompanyTotal assetsGross margin
MORGAN BELGIUM Sint-Genesius-Rode€1.6m€0.3m
AUTOHANDEL CALLANT Roeselare€1.6m€0.4m
BOUVY MOTOR LA LOUVIERE La Louvière€1.7m€0.3m
DONKERWOLKE Ronse€1.6m€0.4m
SMET GEBROEDERS Temse€1.3m€0.4m
GARAGE DE GROOTE Onhaye€1.4m€0.3m
GARAGE HUYBS - GOOSSENS Vosselaar€1.6m€0.5m
Full comparison

Key facts about MORGAN BELGIUM

What is the company number of MORGAN BELGIUM?
The company number of MORGAN BELGIUM is 0423.105.189. The VAT number is the same number with BE in front: BE 0423.105.189.
Where is MORGAN BELGIUM based?
The registered office is at Hallesesteenweg 158c, 1640 Sint-Genesius-Rode.Company details
What does MORGAN BELGIUM do?
According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
What is the legal form of MORGAN BELGIUM?
The legal form of MORGAN BELGIUM is Private limited company (BV).
When was MORGAN BELGIUM founded?
MORGAN BELGIUM was founded on 24-09-1982.
Is MORGAN BELGIUM still active?
Yes, MORGAN BELGIUM is an active enterprise in the KBO register.
How many employees does MORGAN BELGIUM have?
MORGAN BELGIUM had an average of 4.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MORGAN BELGIUM?
The turnover in financial year 2025 is ≈ €2.8m. This figure is estimated from the gross margin of €326,707 and 35 comparable companies (NACE 47811). It probably lies between €1.5m and €4.1m.
Is MORGAN BELGIUM profitable?
In financial year 2025, MORGAN BELGIUM made a loss of €91,505.
Where can I find the annual accounts of MORGAN BELGIUM?
MORGAN BELGIUM filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MORGAN BELGIUM due?
MORGAN BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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