MORINI NETWORK CONSULTING
ActiveMORINI NETWORK CONSULTING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €780k and a net result of €122k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-2
Solvency71▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.43 in 2023; short-term debt: 17.7% and cash: 14.5% of total assets), but 53.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.4%
Return on assets
7.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-06-2025, 55 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
42 d early
2022
4 d early
2021
83 d early
2020
61 d early
2019
87 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€780k▲ 0.2%
2023 · €779k
2018: €558k
2019: €602k
2020: €557k
2021: €678k
2022: €733k
2023: €779k
2018 → 2024
Total assets
€1.68M▼ 7.7%
2023 · €1.82M
2018: €912k
2019: €1.01M
2020: €1.54M
2021: €1.45M
2022: €1.79M
2023: €1.82M
2018 → 2024
Net result
€122k▼ 28.1%
2023 · €170k
2018: €124k
2019: €121k
2020: €139k
2021: €176k
2022: €134k
2023: €170k
2018 → 2024
Working capital
€154k▼ 1.9%
2023 · €157k
2018: €453k
2019: €469k
2020: €99k
2021: €392k
2022: €368k
2023: €157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€557k-€678k▲ 21.8%€733k▲ 8.1%€779k▲ 6.3%€780k▲ 0.2%
Operating result€215k-€180k▼ 16.2%€203k▲ 12.4%€277k▲ 36.6%€210k▼ 24.1%
Net result€139k-€176k▲ 26.7%€134k▼ 23.9%€170k▲ 27.1%€122k▼ 28.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.68M
Fixed assets
€1.23M▼ 5.5%
Current assets
€452k▼ 13.1%
Equity and liabilities €1.68M
Equity
€780k▲ 0.2%
Provisions
€15k▼ 5.6%
Debt
€885k▼ 13.7%
The debt ratio falls from 56.3% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€315k▼
2023 · €342k
Cash flow
€227k▼
2023 · €235k
Solvency
46.4%▲
2023 · 42.8%
Current ratio
1.52▲
2023 · 1.43
Quick ratio
1.28▲
2023 · 1.26
Debt / equity
1.13▼
2023 · 1.32
ROE
15.6%▼
2023 · 21.8%
ROA
7.3%▼
2023 · 9.3%
Interest coverage
12.40▼
2023 · 13.22
Debt
€885k▼
2023 · €1.03M
Debt ≤ 1 year
€298k▼
2023 · €362k
Debt > 1 year
€586k▼
2023 · €661k
Income taxes
€71k▼
2023 · €83k
Staff costs
€155k▲
2023 · €111k
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€1.82M€1.68M▼
Fixed assets21/28€1.30M€1.23M▼
Tangible fixed assets22/27€1.30M€1.23M▼
Land and buildings22€1.08M€1.05M▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€212k€177k▼
Financial fixed assets28-€350
Current assets29/58€520k€452k▼
Stocks and contracts in progress3€64k€70k▲
Stocks30/36€64k€70k▲
Amounts receivable within one year40/41€136k€123k▼
Trade receivables40€108k€120k▲
Other amounts receivable41€28k€3k▼
Current investments50/53€275k€0▼
Cash at bank and in hand54/58€18k€244k▲
Deferred charges and accrued income490/1€27k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.68M▼
Equity10/15€779k€780k▲
Contributions10/11€6k€6k=
Reserves13€773k€774k▲
Tax-exempt reserves132€64k€60k▼
Distributable reserves133€709k€714k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€16k€15k▼
Deferred taxes168€16k€15k▼
Amounts payable17/49€1.03M€885k▼
Amounts payable after more than one year17€661k€586k▼
Financial debts170/4€661k€586k▼
Amounts payable within one year42/48€362k€298k▼
Current portion of amounts payable after more than one year42€81k€75k▼
Financial debts43€6k€2k▼
Credit institutions430/8€6k€2k▼
Trade debts44€80k€50k▼
Suppliers440/4€80k€50k▼
Taxes, remuneration and social security45€72k€49k▼
Taxes450/3€50k€19k▼
Remuneration and social security454/9€22k€30k▲
Other amounts payable47/48€124k€121k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Non-recurring operating income76A€54k€17k▼
Remuneration, social security and pensions62€111k€155k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€105k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€6k€29k▲
Non-recurring operating charges66A-€189
Gross operating margin9900€460k€498k▲
Operating profit (loss)9901€277k€210k▼
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€26k€25k▼
Recurring financial charges65€26k€25k▼
Non-recurring financial charges66B€269€0▼
Profit (loss) for the period before taxes9903€252k€192k▼
Transfer from deferred taxes780€885€885=
Income taxes67/77€83k€71k▼
Profit (loss) for the period9904€170k€122k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€173k€126k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€126k▼
Transfer from equity791/2€124k€121k▼
Transfer to equity691/2€173k€126k▼
To other reserves6921€173k€126k▼
Profit to be distributed694/7€124k€121k▼
Return on contributions (dividend)694€124k€121k▼
Social balance
Average headcount (FTE)90872.02.7▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €176k ▲26.7%
Net result €176k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.25 to 2.69; short-term debt falls from €397k to €232k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €121k ▼2.3%
Net result drops to €121k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Genk · 1 establishment unit since 2006
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.
Akkerstraat 23600 GenkGround area
1,001 m²
Building footprint
135 m²
Volume, LiDAR
716 m³
Parcel 71305F1344/00B041, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Akkerstraat 2, 3600 Genk
since 20062.156.198.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F1344/00B041 | Flanders | 1,001 m² | 1 · 135 m² | 8.1 m · 2 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 1,283 companies in sector 58290 we hold annual accounts for 593. 342 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2006
Fiscal year end31-12
Abbreviation NL
MNC
Activities, NACEBEL
43211General electrical installation work
58290Other software publishing
72210
62010Computer programming, consultancy and related activities
62100Computer programming
68201Renting and operating of own or leased residential real estate, excluding social housing
72220
72500
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 · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.