MORI CONSTRUCT

Active

Private limited companyfounded 20179 yrs activeJetsesteenweg 380, 1081 Koekelberg, BelgiumKBO/BCE: BE 0679.595.361

The computed 12-month bankruptcy probability of MORI CONSTRUCT is 2.5% (moderate). The 2024 annual accounts show equity of €325k and a net result of €-76k. Equity is growing by ~46.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 3571 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

37 / 100

Weak▼ -49 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-31

Solvency47▼-51

Growth52=

Stability100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days only on tighter terms

Liquidity tight (current ratio 1.34 against 2.32 in 2023), and 74.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

25.9%

Return on assets

-6.1%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2026, 383 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

383 d late

2023

153 d late

2022

126 d late

2021

423 d late

2020

31 d late

2019

382 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-76k

2023 · €25k

2018: €29k 2019: €51k 2020: €40k 2021: €158k 2022: €94k 2023: €25k

2018 → 2024

Working capital

€315k▼ 19.4%

2023 · €391k

2018: €27k 2019: €72k 2020: €118k 2021: €271k 2022: €368k 2023: €391k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€127k-€285k▲ 125%€378k▲ 32.9%€403k▲ 6.6%€325k▼ 19.5%

Operating result€53k-€198k▲ 271%€129k▼ 34.9%€25k▼ 80.2%€-50k

Net result€40k-€158k▲ 295%€94k▼ 40.8%€25k▼ 73.1%€-76k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €50k after €25k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.25M

98.7%

Fixed assets €16k▲ 32.9%

Current assets €1.24M▲ 79.8%

Equity and liabilities €1.25M

25.9%

74.1%

Equity €325k▼ 19.5%

Debt €927k▲ 213%

The debt ratio rises from 42.4% to 74.1%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-43k▼

2023 · €26k

Cash flow

€-68k▼

2023 · €25k

Solvency

25.9%▼

2023 · 57.6%

Current ratio

1.34▼

2023 · 2.32

Quick ratio

1.34▼

2023 · 2.32

Debt / equity

2.85▲

2023 · 0.73

ROE

-23.4%▼

2023 · 6.2%

ROA

-6.1%▼

2023 · 3.6%

Interest coverage

-5.85▼

2023 · 69.19

Debt

€927k▲

2023 · €296k

Debt ≤ 1 year

€920k▲

2023 · €296k

Debt > 1 year

€6k

Income taxes

€26k

Staff costs

€40k▼

2023 · €42k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€699k€1.25M▲

Fixed assets21/28€12k€16k▲

Tangible fixed assets22/27€7k€11k▲

Plant, machinery and equipment23€1k€0▼

Furniture and vehicles24€5k€2k▼

Leasing and similar rights25-€9k

Financial fixed assets28€5k€5k=

Current assets29/58€687k€1.24M▲

Amounts receivable within one year40/41€675k€1.13M▲

Trade receivables40€479k€984k▲

Other amounts receivable41€195k€146k▼

Cash at bank and in hand54/58€13k€47k▲

Deferred charges and accrued income490/1-€58k

Equity and liabilities

Total equity and liabilities10/49€699k€1.25M▲

Equity10/15€403k€325k▼

Contributions10/11€6k€6k=

Capital10€6k€0▼

Issued capital100€19k€0▼

Uncalled capital101€12k€0▼

Outside capital11-€6k

Other1109/19-€6k

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€0▼

Legal reserve130€2k€0▼

Distributable reserves133-€2k

Profit (loss) carried forward14€395k€317k▼

Amounts payable17/49€296k€927k▲

Amounts payable after more than one year17-€6k

Financial debts170/4-€6k

Amounts payable within one year42/48€296k€920k▲

Current portion of amounts payable after more than one year42-€5k

Trade debts44€237k€900k▲

Suppliers440/4€237k€900k▲

Taxes, remuneration and social security45€59k€15k▼

Taxes450/3€43k€2k▼

Remuneration and social security454/9€16k€13k▼

Income statement Code20232024

Non-recurring operating income76A-€229

Remuneration, social security and pensions62€42k€40k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€250€8k▲

Other operating charges640/8€2k€8k▲

Non-recurring operating charges66A-€34k

Gross operating margin9900€70k€40k▼

Operating profit (loss)9901€25k€-50k▼

Financial income75/76B-€8k

Recurring financial income75-€8k

Financial charges65/66B€372€7k▲

Recurring financial charges65€372€7k▲

Profit (loss) for the period before taxes9903€25k€-50k▼

Income taxes67/77-€26k

Profit (loss) for the period9904€25k€-76k▼

Profit (loss) for the period to be appropriated9905€25k€-76k▼

Appropriation of the result

Profit (loss) to be appropriated9906€395k€317k▼

Profit (loss) brought forward from the previous period14P€370k€393k▲

Social balance

Average headcount (FTE)90871.01.3▲

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

2026

18-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 383 days late

2024

31-12

Financial Weakest financial yearnet €-76k ▼402%

Net result drops to €-76k, the lowest in the series.

31-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 153 days late

2023

04-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 126 days late

27-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 423 days late

2021

31-12

Financial Highest result since 2018net €158k ▲295%

Operating result €198k, net result €158k, both a record.

31-12

Financial Equity above €200kEq €285k ▲125%

4 profitable years in a row build equity to €285k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 31 days late

17-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 382 days late

2020

31-12

Financial Equity above €100kEq €127k ▲46.1%

3 profitable years in a row build equity to €127k.

2019

31-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 92 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Koekelberg · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Jetsesteenweg 3801081 Koekelberg

Ground area

430 m²

Building footprint

610 m²

Volume, LiDAR

4,281 m³

2 parcels, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

MORI CONSTRUCT

Louis Wittouckstraat 23, 1020 BrusselManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20172.271.182.546

2 parcels

Brussels 2 (100%)