MORHAK

Active Private limited companyfounded 2008active for 18 yearsRue de Visé 461, 4020 LiègeKBO/BCE: BE 0806.320.418

MORHAK

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Overview

Lifetime

17 annual accounts with figures on one time axis

Compare with

peak €338,673 (2023)

€258,929▲ 34.4%

lowest -€16,962 (2016)

€103,062▲ 192%

peak €347,313 (2025)

€347,313▲ 26.6%

€267,930▼ 16.4%

peak 2.2 FTE (2013)

-not published

Board1 name since 2008

1 director

Documentsfilings and deeds

26-08-202626 days late

2025micro format

Gross margin from €192,725 to €258,929Result from €35,259 to €103,062Dividend €30,000Equity from €274,251 to €347,313Debts from €320,577 to €267,930Cash from €114,627 to €150,086

Key points

from the 2025 annual accounts

Equity

€347,313 ▲ 26.6%

MORHAK has made a profit without a break since 2017.

Result

€103,062 ▲ 192%

The result rose in 2025 from €35,259 to €103,062.

Turnover

≈ €640,000 estimated

The micro format states no turnover.

Liquidity

1.97 was 1.43 in 2024

Short-term debts fell from €143,493 to €112,730.

Filings

17 annual accounts since 2009

Nine of the last ten came late. The 2016 accounts came latest: 30 days after the end of the period.

Position in the sector

€103,062

Higher net result than 95% of companies in specialised construction. Sector median €9,999 · 37,159 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,806 companies had the same profile as MORHAK has now. Each dot stands for 45 companies, two years later.

96.5%

were still trading

3.2%

stopped another way

0.3%

went bankrupt

Small
10 to 20 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,806 companies, not a prediction for MORHAK. 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Signals

Board and ownership

Director, since 12-09-2008

Board & ownership

Recent changes

15-12-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0806320418

22-07-2020

Resignation: (manager) Reappointment: (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: · General meeting of 07-07-2020 · Gazette deed

06-10-2008

First establishment Rue de Visé 461, Liège

12-09-2008

Incorporation published on 22-09-2008 · Gazette deed

All 26 events

Comparable companies

same main activity, similar in size and age

Company
MORHAK Liège	€615,243	€258,929	56.5%	-
ETANCHEITES Léglise	€718,896	€258,566	13.9%	-
ISOLATIEWERKEN DECOCK Anzegem	€643,937	€315,636	56.5%	3.5
JV Dakwerken Pelt	€515,468	€242,430	51.2%	-
ANTI FIRE APPLICATIONS Antwerp	€563,930	€263,430	90.4%	-
HERISONS Essen	€564,764	€350,148	32.9%	4.4
BERRENTEC Beringen	€665,229	€367,732	41.6%	-

These companies have the same main activity as MORHAK: insulation installation (NACE 43230). They are comparable in size and age: total assets between €515,000 and €719,000, founded between 2005 and 2010.

Official details

Source: KBO

Status: Active since 12-09-2008Normal situation
Activity: Insulation installationNACE 43230and 5 others
Establishment unit: 2.173.375.9614020 Liège, since 06-10-2008
Financial year end: 31 December
Peppol: Reachable since 15-12-2025

Company details

Annual accounts 2025

: €258,929▲ 34.4%
: €103,062▲ 192%
: €347,313▲ 26.6%
: €615,243▲ 3.4%
Filing: Filed on 26-08-2026

Financials

Insights on MORHAK

MORHAK files the micro format. That format states no turnover. The gross margin rose from €51,730 in 2009 to €258,929 in 2025.

The balance sheet grew most from 2021 to 2023 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 26-08-2026, 26 days late

€258,929

▲ 34.4%

€151,605

▲ 140%

€179,839

▲ 101%

€131,295

▲ 113%

56.5%

▲ 10.3 percentage points

1.97

▲ 0.53

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €640,000. Estimated: probably between €490,000 and €830,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €615,243 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

56.5%

Higher than 61% of 37,177 companies in 2025.

1.97

Higher than 54% of 36,472 companies in 2025.

16.8%

Higher than 73% of 36,707 companies in 2025.

MORHAK Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
`20/58`	615,243	594,828	639,326	298,083	140,023	128,142	133,021	127,015	105,848	136,086	180,909	142,654	160,185	169,021	109,133	92,254	76,316
`21/28`	393,405	389,141	376,338	145,204	61,224	25,933	24,112	37,661	17,141	26,220	44,967	24,840	37,388	57,943	28,452	35,943	24,330
`22/27`	393,230	388,966	376,163	145,029	61,049	25,758	23,937	37,486	16,966	26,045	44,792	24,665	37,213	57,768	28,277	35,768	24,155
`22`	344,879	358,064	304,458	82,339	-	-	-	-	-	-	-	-	-	-	-	-	-
`23`	7,942	8,758	12,067	16,105	17,505	9,314	331	832	1,966	3,545	9,492	13,623	17,425	21,270	6,137	6,036	3,384
`24`	19,291	21,600	21,680	29,432	43,544	16,444	23,606	36,654	15,000	22,500	35,300	11,042	19,788	31,398	11,942	14,434	375
`27`	21,120	544	37,958	17,152	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	175	175	175	175	175	175	175	175	175	175	175	175	175	175	175	175	175
`29/58`	221,837	205,688	262,988	152,880	78,799	102,209	108,910	89,354	88,706	109,866	135,943	117,815	122,797	111,078	80,680	56,311	51,986
`3`	0	20,089	91,845	647	647	647	647	1,269	1,269	1,269	4,323	6,240	-	-	-	-	-
`30/36`	0	20,089	91,845	647	647	647	647	1,269	1,269	1,269	4,323	6,240	-	-	-	-	-
`40/41`	64,614	64,498	109,523	55,662	43,310	46,418	86,652	52,991	70,154	97,950	107,588	109,274	119,487	92,607	64,825	35,955	39,357
`40`	57,486	45,713	89,404	37,844	29,684	40,100	85,474	38,051	63,666	88,298	100,853	100,937	111,306	73,985	57,224	30,290	33,245
`41`	7,128	18,785	20,119	17,817	13,626	6,319	1,178	14,940	6,487	9,652	6,736	8,337	8,181	18,622	7,601	5,665	6,113
`50/53`	-	-	-	-	-	-	-	48	-	-	-	-	-	-	-	-	-
`54/58`	150,086	114,627	55,294	94,067	30,479	53,530	19,997	33,300	9,267	3,042	15,976	-	-	15,310	13,443	17,562	10,721
`490/1`	7,138	6,473	6,326	2,504	4,363	1,614	1,614	1,745	8,016	7,605	8,055	2,301	3,310	3,161	2,412	2,794	1,908
Balance sheet: equity and liabilities
`10/49`	615,243	594,828	639,326	298,083	140,023	128,142	133,021	127,015	105,848	136,086	180,909	142,654	160,185	169,021	109,133	92,254	76,316
`10/15`	347,313	274,251	253,278	132,167	82,724	76,932	68,392	47,779	42,041	28,861	45,823	53,244	47,530	36,644	34,964	29,792	28,288
`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`13`	231,860	231,860	211,860	91,860	42,860	37,360	17,360	17,360	17,360	17,360	17,360	1,860	1,860	1,860	1,860	1,860	1,860
`130/1`	202,263	202,263	182,263	62,263	25,500	20,000	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1319`	202,263	202,263	182,263	62,263	25,500	20,000	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	-	-	15,500	15,500	15,500	15,500	-	-	-	-	-	-
`133`	29,597	29,597	29,597	29,597	17,360	17,360	15,500	-	-	-	-	-	-	-	-	-	-
`14`	109,253	36,191	35,218	34,107	33,664	33,372	44,832	24,219	18,481	5,301	22,263	45,184	39,470	28,584	26,904	21,732	20,228
`17/49`	267,930	320,577	386,048	165,917	57,299	51,210	64,629	79,236	63,807	107,226	135,086	89,411	112,655	132,377	74,169	62,462	48,028
`17`	155,200	177,085	198,325	39,648	2,107	11,336	17,353	25,949	10,602	18,703	34,770	18,751	31,132	23,835	11,504	18,475	15,973
`170/4`	155,200	177,085	198,325	39,648	2,107	11,336	17,353	25,949	10,602	18,703	34,770	18,751	31,132	23,835	11,504	18,475	15,973
`42/48`	112,730	143,493	187,724	126,269	55,192	39,639	47,041	53,287	53,205	88,522	100,317	70,659	81,523	108,543	62,557	43,987	32,054
`42`	22,656	21,978	21,323	13,820	5,006	6,017	8,596	13,699	8,101	16,673	16,826	12,380	13,373	12,492	6,971	9,864	6,849
`43`	-	-	-	-	-	-	3,253	-	-	-	34,507	12,321	17,910	15,976	-	-	-
`430/8`	-	-	-	-	-	-	3,253	-	-	-	34,507	12,321	17,910	15,976	-	-	-
`44`	25,141	96,172	113,490	76,768	38,316	19,051	28,522	35,727	40,198	65,432	31,809	37,422	32,370	70,688	46,574	18,118	8,864
`440/4`	25,141	96,172	113,490	76,768	38,316	19,051	28,522	35,727	40,198	65,432	31,809	37,422	32,370	70,688	46,574	18,118	8,864
`45`	23,788	7,879	49,865	32,184	10,483	14,505	6,670	2,622	4,882	6,163	11,973	8,419	16,601	6,971	4,633	3,731	2,986
`450/3`	20,000	2,000	39,876	15,219	3,879	9,970	5,670	2,000	164	954	1,622	2,000	5,018	800	550	329	2,109
`454/9`	3,788	5,879	9,989	16,966	6,604	4,535	1,000	622	4,718	5,209	10,350	6,419	11,583	6,171	4,083	3,403	877
`47/48`	41,145	17,464	3,046	3,497	1,387	66	-	1,239	24	254	5,201	117	1,269	2,416	4,379	12,274	13,356
`492/3`	-	-	-	-	0	236	236	-	-	-	-	-	-	-	108	-	-
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	287,105
`76A`	-	-	-	-	-	-	-	2,673	-	-	-	-	-	-	-	236	-
`9900`	258,929	192,725	338,673	197,720	67,441	60,293	45,288	27,444	70,297	49,398	94,277	104,504	130,664	115,168	65,672	42,242	51,730
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	235,376
`62`	76,628	100,588	127,629	95,974	37,526	33,290	562	2,147	45,625	44,174	77,798	76,810	88,280	85,949	45,226	27,174	3,296
`630`	28,233	26,306	17,417	23,168	13,838	9,629	15,963	16,113	9,079	18,746	19,420	15,711	21,945	22,995	11,835	10,795	6,133
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-669	-	-	-	669
`640/8`	2,462	2,704	2,062	1,329	1,365	986	904	1,340	1,154	1,035	1,055	1,148	4,141	701	733	526	444
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200
`9901`	151,605	63,127	191,565	77,249	14,712	16,388	27,859	7,844	14,439	-14,557	-3,997	10,835	16,966	5,524	7,877	3,747	41,189
`75/76B`	2,331	4,014	835	693	342	380	332	476	521	60	201	126	252	1,078	529	647	261
`75`	2,331	4,014	835	693	342	380	332	476	521	60	201	126	252	1,078	529	647	261
`65/66B`	16,472	23,657	11,460	9,957	5,998	4,662	1,908	582	1,780	2,465	3,618	3,166	2,670	3,053	2,835	2,822	3,049
`65`	16,472	23,657	11,460	9,957	5,998	4,662	1,908	582	1,780	2,465	3,618	3,166	2,670	3,053	2,835	2,822	3,049
`9903`	137,465	43,484	180,940	67,984	9,057	12,106	26,283	7,738	13,180	-16,962	-7,414	7,796	14,549	3,549	5,571	1,808	38,200
`67/77`	34,403	8,226	59,829	18,542	3,264	3,566	5,670	2,000	-	-	7	2,082	3,662	1,869	399	304	8,112
`9904`	103,062	35,259	121,111	49,442	5,793	8,540	20,613	5,738	13,180	-16,962	-7,421	5,713	10,887	1,680	5,172	1,503	30,088
`789`	-	-	-	-	-	-	15,500	-	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	-	-	15,500	-	-	-	-	-	-
`9905`	103,062	35,259	121,111	49,442	5,793	8,540	36,113	5,738	13,180	-16,962	-22,921	5,713	10,887	1,680	5,172	1,503	30,088
Appropriation of the result
`9906`	139,253	70,477	155,218	83,107	39,164	53,372	60,332	24,219	18,481	5,301	22,263	45,184	39,470	28,584	26,904	21,732	30,088
`14P`	36,191	35,218	34,107	33,664	33,372	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	20,000	120,000	49,000	5,500	20,000	15,500	-	-	-	-	-	-	-	-	-	1,860
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6921`	-	20,000	120,000	49,000	5,500	20,000	15,500	-	-	-	-	-	-	-	-	-	-
`694/7`	30,000	14,286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000
`694`	30,000	14,286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,000
Social balance sheet
`9087`	-	-	-	-	-	0.9	-	-	1	1.3	2.1	1.9	2.2	2.1	1.2	1	0.2
Hours worked`1013`	-	-	-	-	-	1,478	-	-	1,521	1,544	3,064	3,080	3,252	3,416	2,028	1,256	8
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00428372.

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	26-08-2026	2026-00428372	PDF
31-12-2024	micro format	19-08-2025	2025-00382912	PDF
31-12-2023	micro format	25-08-2024	2024-00366669	PDF
31-12-2022	micro format	24-08-2023	2023-00348746	PDF
31-12-2021	micro format	16-08-2022	2022-20289574	PDF
31-12-2020	micro format	19-08-2021	2021-51400448	PDF
31-12-2019	micro format	03-07-2020	2020-26200529	PDF
31-12-2018	micro format	30-08-2019	2019-61800546	PDF
31-12-2017	micro format	21-08-2018	2018-47500504	PDF
31-12-2016	micro format	30-08-2017	2017-55900584	PDF
31-12-2015	full format	03-08-2016	2016-39900194	PDF
31-12-2014	full format	30-06-2015	2015-25200145	PDF
31-12-2013	full format	30-07-2014	2014-37200157	PDF
31-12-2012	full format	11-07-2013	2013-30400115	PDF
31-12-2011	full format	22-06-2012	2012-20300397	PDF
31-12-2010	full format	23-08-2011	2011-42800574	PDF
31-12-2009	full format	12-07-2010	2010-30400056	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
179,839	89,433	208,983	100,416	28,550	26,016	43,822	23,957	23,518	4,189	15,424	26,546	38,911	28,519	19,712	14,542	47,321
131,295	61,565	138,528	72,610	19,631	18,168	36,576	21,851	22,259	1,784	12,000	21,424	32,832	24,675	17,007	12,298	36,221
32,498	39,109	248,552	107,147	49,130	11,450	2,413	36,632	0	0	39,548	3,162	3,870	52,054	4,345	22,408	30,463
35,459	59,333	-38,773	63,589	-23,052	33,533	-13,303	24,033	6,226	-12,935	-	-	-	1,867	-4,119	6,842	-
109,108	62,195	75,264	26,611	23,607	62,570	61,869	36,066	35,502	21,344	35,626	47,155	41,274	2,536	18,123	12,324	19,931
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.3%
56.5%	46.1%	39.6%	44.3%	59.1%	60.0%	51.4%	37.6%	39.7%	21.2%	25.3%	37.3%	29.7%	21.7%	32.0%	32.3%	37.1%
1.97	1.43	1.40	1.21	1.43	2.58	2.32	1.68	1.67	1.24	1.36	1.67	1.51	1.02	1.29	1.28	1.62
1.97	1.29	0.91	1.21	1.42	2.56	2.30	1.65	1.64	1.23	1.31	1.58	1.51	1.02	1.29	1.28	1.62
0.77	1.17	1.52	1.26	0.69	0.67	0.94	1.66	1.52	3.72	2.95	1.68	2.37	3.61	2.12	2.10	1.70
29.7%	12.9%	47.8%	37.4%	7.0%	11.1%	30.1%	12.0%	31.4%	-58.8%	-16.2%	10.7%	22.9%	4.6%	14.8%	5.0%	106.4%
16.8%	5.9%	18.9%	16.6%	4.1%	6.7%	15.5%	4.5%	12.5%	-12.5%	-4.1%	4.0%	6.8%	1.0%	4.7%	1.6%	39.4%
10.92	3.78	18.24	10.08	4.76	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€32,498	€39,109	€248,552	€107,147	€49,130
	€28,233	€26,306	€17,417	€23,168	€13,838

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MORHAK

The operating result for 2025 is 140% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 53.9% to 43.5%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2020

Director (not named in the articles)

since 12-09-2008 term without a fixed end

earlier manager, until 22-07-2020

listed in the 2025 annual accounts, filed on 26-08-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)

BoardEarliermandate already running before its first mention

Mandates as a list

- Director (not named in the articles), from 12-09-2008 to date
- Manager, until 22-07-2020

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €6,200
Source: 2025 annual accounts

Articles of association

deed of 22-07-2020 (in French)

Duration: Unlimited
Board rule: At least 1 director
Transfer restriction: “Moitié cédant,moitié acquéreurs proportionnellement si plusieurs, nullité”
Annual meeting: Third Thursday of June at 20:00

Network & group

No group

MORHAK has no parent and no holdings in its annual accounts. is the only director. MORHAK shares no director with another company.

At the same address

Rue de Visé 461, 4020 Liège · 1 other company

LA FRITE ARDENTE

registered office since 19-05-2014 · founded in 2014

total assets €21,175 (2025)

0551.850.717

Timeline

26 events since 2008

Board

Filings

Financial

Establishments

2008201020122014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

26-08-2026

Annual accounts 2025 filed NBBmicro format · 26 days late

2025

15-12-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0806320418

19-08-2025

Annual accounts 2024 filed PDFmicro format · 19 days late

2024

25-08-2024

Annual accounts 2023 filed PDFmicro format · 25 days late

2023

31-12-2023

Highest result from 2009 to 2025 net €121,111 ▲145% The operating result of €191,565 and the net result of €121,111 are both a record.

31-12-2023

Equity above €200,000 equity €253,278 ▲91.6% After 7 profitable years in a row, equity reaches €253,278.

24-08-2023

Annual accounts 2022 filed PDFmicro format · 24 days late

2022

31-12-2022

Equity above €100,000 equity €132,167 ▲59.8% After 6 profitable years in a row, equity reaches €132,167.

16-08-2022

Annual accounts 2021 filed PDFmicro format · 16 days late

2021

19-08-2021

Annual accounts 2020 filed PDFmicro format · 19 days late

2020

22-07-2020

Resignation: (manager)Reappointment: (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: · General meeting of 07-07-20208 points ▸

General meeting, 07-07-2020
Legal-form conversion, from private limited company (pre-2019) to private limited company
100 shares
Power of attorney,
Director resignation, (manager)
Director reappointment, (director (not named in the articles))
Director discharge,
Registered office clause, rue de Visé 461
The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

03-07-2020

Annual accounts 2019 filed PDFmicro format · 28 days before the deadline

2019

30-08-2019

Annual accounts 2018 filed PDFmicro format · 30 days late

2018

21-08-2018

Annual accounts 2017 filed PDFmicro format · 21 days late

2017

31-12-2017

Back to profit net €13,180 The net result is €13,180, after 2 loss-making years.

30-08-2017

Annual accounts 2016 filed PDFmicro format · 30 days late

2016

31-12-2016

Weakest financial year net -€16,962 The net result drops to -€16,962, the lowest from 2009 to 2025. It recovers the following year.

03-08-2016

Annual accounts 2015 filed PDFfull format · 3 days late

2015

30-06-2015

Annual accounts 2014 filed PDFfull format · 31 days before the deadline

2014

30-07-2014

Annual accounts 2013 filed PDFfull format · 1 day before the deadline

2013

11-07-2013

Annual accounts 2012 filed PDFfull format · 20 days before the deadline

2012

22-06-2012

Annual accounts 2011 filed PDFfull format · 39 days before the deadline

2011

23-08-2011

Annual accounts 2010 filed PDFfull format · 23 days late

2010

12-07-2010

Annual accounts 2009 filed PDFfull format · 19 days before the deadline

2008

06-10-2008

First establishment Rue de Visé 461, Liège

12-09-2008

Incorporation PDFpublished on 22-09-2008

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 12 September 2008, MORHAK was incorporated.¹ Total assets went from €127,015 in 2018 to €615,243 in 2025.²

Company details

Identity

Enterprise number: 0806.320.418
VAT number: BE 0806.320.418
Peppol ID: 0208:0806320418
Other Peppol ID: 9925:BE0806320418
Legal form: Private limited company
Status: Active, normal situation
Founded: 12-09-2008
Financial year: ends on 31 December
Annual meeting: Third Thursday of June at 20:00
deed of 22-07-2020 (in French)
Peppol: Reachable since 15-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: MORHAK in French
Entity type: Legal entity
Duration: Unlimited
deed of 22-07-2020 (in French)

Activities

NACEBEL 2025

VAT activities

43230 Insulation installation main activity

43240 Other construction installation

43310 Plastering work

43320 Joinery installation

43341 Painting of buildings

43350 Other building finishing work

Social security (RSZ) activities

43230 Insulation installation main activity

Codes under NACEBEL 2008

VAT activities

43291 Specialised construction activities main activity

43299 Specialised construction activities

43310 Plastering work

43320 Joinery installation

43341 Painting of buildings

43390 Specialised construction activities

Social security (RSZ) activities

43291 Specialised construction activities main activity

Purpose: “Le commerce de gros de fleurs et de plantes; Le commerce de détail de fleurs,de plantes,de graines et d’engrais en magasin spécialisé; Le…”
22 activities
Le commerce de gros de fleurs et de plantes
Le commerce de détail de fleurs,de plantes,de graines et d’engrais en magasin spécialisé
Le commerce de détail de fleurs (y compris les fleurs coupées) et de plantes
Le commerce de détail de fleurs artificielles et d’articles d’ornementation en fleurs artificielles
La fabrication de fleurs,fruits et feuillages artificiels et d’articles d’ornementation en fleurs séchées
La location et location-bail de fleurs et de plantes
La location de fleurs et plantes
La culture de fleurs et de fleurs à couper
La fabrication de fleurs séchées
Le commerce de détail spécialisé portant sur une large gamme d’articles de jardinage et de produits horticoles (centres de jardinage)
La fabrication de meubles de jardin et d’extérieur
Toute mission et activité découlant de la décoration et de l’aménagement intérieur et extérieur
Tous travaux de conception et de fabrication de pièces de mobiliers et d’objets de décoration
La réalisation de projets de design mobilier et d’aménagement d’intérieur,…
La vente de tout article cadeau tels que bougies,vases,poupées,statuettes,…
L’achat,la vente,I’importation ou l’exportation en gros et/ou détail de tous les produits,matières premières,matières transformées,marchandises,matériels relatifs de près ou de loin à la fleuristerie,l’horticulture,au jardinage et à la décoration
L’entreprise de maçonnerie-béton,d’installation d’échafaudages,de rejointoyage et de nettoyage de façades
Toutes les activités du bâtiment touchant à la rénovation,à la transformation et à la construction,soit en nom propre pour les activités dont elle a l’accès,soit en faisant appel à des entrepreneurs sous-traitants pour les activités dont elle n’aurait pas l’accès
L’entreprise du carrelage
La pose d’isolation,de cloisons,de faux-plafonds
L’entreprise de plafonnage
La pose de toiture et la réparation qui y est relative
deed of 22-07-2020 (in French)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Rue de Visé 461 registered office 4020 Liège	06-10-2008	2.173.375.961

Buildings and parcels at the address

Ground area: 402 m²
Buildings: 238 m²
Volume, LiDAR: 1,924 m³
Tallest building: 12.7 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

2 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
62113B0685/00G002	402 m²	1 · 238 m²	12.7 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0806.320.418

Overview

Lifetime

Key points

Equity

Result

Turnover

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on MORHAK

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency56.5%

Current ratio1.97

Return on assets16.8%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MORHAK

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Invoicing and payment

in euro

in euro

56.5%

1.97

16.8%