Equity
€27,649 from €154,143 in 2009
Equity fell by 82% in 16 years.
MORINI
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €50,931 (2015)
€13,717▲ 42.6%
lowest -€60,332 (2010)
€13,272▲ €16,342
peak €154,143 (2009)
€27,649▲ 92.3%
€123,313▼ 0.6%
peak 1.6 FTE (2017)
-not published
Board4 names since 2016
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €9,621 to €13,717Back to profit: €13,272Equity from €14,377 to €27,649Cash from €10 to €31
Key points
from the 2025 annual accountsDebts
€123,313 82% of the balance sheet
Financial debts 90%Suppliers 6%Taxes and wages 1%Other 3%
Of this, €23,313 falls due within a year.
Liquidity
1.15 was 0.58 in 2024
Short-term debts fell from €24,103 to €23,313.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,819 companies had the same profile as MORINI has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
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.
| 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 3,819 companies, not a prediction for MORINI. 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0470893428
Resignation: (director)
Appointment: (director) · Director discharge: · General meeting of 01-01-2023 · Gazette deed
1 manager appointed, 2 resignations
Resignations: (manager) and (manager) · Appointment: (manager) · Partner: (werkend vennoot) · General meeting of 26-09-2016 · Gazette deed
First establishment
MORINI / Tulpe Wellness, Tulpenstraat 186, Houthalen-Helchteren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MORINI Houthalen-Helchteren | €150,962 | €13,717 | 18.3% | - |
| L.H.B. & Co Saint-Josse-ten-Noode | €157,013 | €13,277 | 57.4% | - |
| GULDEN TAS Bree | €238,363 | €21,800 | 78.6% | - |
| PROCAF Knokke-Heist | €161,495 | €20,799 | 61.3% | - |
| GMB Group Antwerp | €328,996 | €11,057 | 75.2% | - |
| AUX SAVEURS DU MONDE Tubize | €109,183 | €35,497 | 9.1% | - |
| MONTE CONERO Kapellen | €270,760 | €21,083 | -23.3% | - |
These companies have the same main activity as MORINI: wholesale trade (NACE 46370). They are comparable in size and age: total assets between €109,000 and €329,000, founded between 1984 and 2008.
Official details
Source: KBO- Status
- Active since 15-02-2000Normal situation
- Activity
- Wholesale tradeNACE 46370and 4 others
- Establishment unit
- 2.182.107.0503530 Houthalen-Helchteren, since 27-09-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 03-06-2025
Insights on MORINI
MORINI files the micro format. That format states no turnover. The gross margin fell from €33,503 in 2006 to €13,717 in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MORINI
- What is the company number of MORINI?
- The company number of MORINI is 0470.893.428. The VAT number is the same number with BE in front: BE 0470.893.428.
- Where is MORINI based?
- The registered office is at Tulpenstraat 186, 3530 Houthalen-Helchteren.Company details
- What does MORINI do?
- According to the KBO register, the main activity is wholesale trade (NACE 46370).
- What is the legal form of MORINI?
- MORINI is a private limited company (pre-2019) (BVBA).
- When was MORINI founded?
- MORINI was founded on 15-02-2000.
- Is MORINI still active?
- Yes, MORINI is an active enterprise in the KBO register.
- What is the turnover of MORINI?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €13,717 and 48 comparable companies (NACE 463). It probably lies between €110,000 and €370,000. It is a rough estimate. In financial year 2020 turnover was €78,473.Financials
- Is MORINI profitable?
- In financial year 2025, MORINI made a profit of €13,272.
- Where can I find the annual accounts of MORINI?
- MORINI filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MORINI due?
- MORINI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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