MORINO
ActiveSummary
The computed 12-month bankruptcy probability of MORINO is 5.6% (elevated). The 2024 annual accounts show equity of €25,332 and a net result of €957. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 26043 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability39▲+8
Solvency39▼-1
Growth52=
Track record84
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.17 against 1.17 in 2023; short-term debt: 85.8% and cash: 0.9% of total assets), and 85.8% of the assets are financed with debt.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
14.2%
Return on assets
0.5%
Age of the figures
21 mo
raises risk · 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 29-11-2025, 121 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
121 d late
2023
85 d late
2022
51 d late
2021
90 d late
2020
169 d late
2019
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 111 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€957
2023 · -€4,355
Working capital
€25,332▲ 3.9%
2023 · €24,376
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,018-€4,187▼ 4.2%€2,943€6,319▲ 115%€5,109▼ 19.2%
Net result€8,081within the sector's middle half▲ 139%€2,278below the sector's middle half▼ 71.8%-€4,646below the sector's middle half-€4,355within the sector's middle half▲ 6.3%€957within the sector's middle half
Equity€31,098below the sector's middle half▲ 35.1%€33,376below the sector's middle half▲ 7.3%€28,730below the sector's middle half▼ 13.9%€24,376within the sector's middle half▼ 15.2%€25,332within the sector's middle half▲ 3.9%
Total assets€85,158below the sector's middle half▼ 13.6%€113,324below the sector's middle half▲ 33.1%€138,899below the sector's middle half▲ 22.6%€166,645within the sector's middle half▲ 20.0%€178,230within the sector's middle half▲ 7.0%
Debt€54,060▼ 28.5%€79,948▲ 47.9%€110,169▲ 37.8%€142,269▲ 29.1%€152,897▲ 7.5%
Working capital€31,098within the sector's middle half▲ 35.1%€33,376within the sector's middle half▲ 7.3%€28,730within the sector's middle half▼ 13.9%€24,376within the sector's middle half▼ 15.2%€25,332within the sector's middle half▲ 3.9%
Solvency36.5%within the sector's middle half▲ 13.2pp29.5%within the sector's middle half▼ 7.1pp20.7%within the sector's middle half▼ 8.8pp14.6%within the sector's middle half▼ 6.1pp14.2%within the sector's middle half▼ 0.4pp
Current ratio1.58within the sector's middle half▲ 0.271.42within the sector's middle half▼ 0.161.26within the sector's middle half▼ 0.161.17within the sector's middle half▼ 0.091.17within the sector's middle half▼ 0.01
Return on assets (ROA)9.5%within the sector's middle half▲ 6.1pp2.0%within the sector's middle half▼ 7.5pp-3.3%below the sector's middle half▼ 5.4pp-2.6%within the sector's middle half▲ 0.7pp0.5%within the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €178,230
Equity
€25,332 ▲ 3.9%
Debt
€152,897 ▲ 7.5%
Debt's share of the balance-sheet total rises from 85.4% to 85.8%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.01▼
2023 · 0.40
Debt to equity
6.04▲
2023 · 5.84
ROE
3.8%▲
2023 · -17.9%
Debt ≤ 1 year
€152,897▲
2023 · €142,269
Income taxes
€4,000▼
2023 · €10,570
Staff costs
€38,439▼
2023 · €52,113
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 5.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8,692 | €18,513 | €52,113 | €38,439 | ▼ 26.2% |
| Other operating charges640/8 | - | - | €854 | €824 | €679 | ▼ 17.7% |
| Gross operating margin9900 | €5,012 | €4,505 | €22,310 | €59,257 | €44,227 | ▼ 25.4% |
| Operating profit (loss)9901 | -€4,018 | -€4,187 | €2,943 | €6,319 | €5,109 | ▼ 19.2% |
| Financial income75/76B | - | €6,500 | €6 | - | - | - |
| Recurring financial income75 | - | €6,500 | €6 | - | - | - |
| Non-recurring financial income76B | - | €6,500 | - | - | - | - |
| Financial charges65/66B | - | €35 | €95 | €104 | €152 | ▲ 46.0% |
| Recurring financial charges65 | €101 | €35 | €95 | €104 | €152 | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | €8,681 | €2,278 | €2,854 | €6,215 | €4,957 | ▼ 20.2% |
| Income taxes67/77 | €600 | - | €7,500 | €10,570 | €4,000 | ▼ 62.2% |
| Profit (loss) for the period9904 | €8,081 | €2,278 | -€4,646 | -€4,355 | €957 | ▲ 122% |
| Profit (loss) for the period to be appropriated9905 | €8,081 | €2,278 | -€4,646 | -€4,355 | €957 | ▲ 122% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,158 | €113,324 | €138,899 | €166,645 | €178,230 | ▲ 7.0% |
| Current assets29/58 | €85,158 | €113,324 | €138,899 | €166,645 | €178,230 | ▲ 7.0% |
| Stocks and contracts in progress3 | €61,052 | €109,162 | €134,418 | €109,198 | €176,238 | ▲ 61.4% |
| Stocks30/36 | - | €109,162 | €134,418 | €109,198 | €176,238 | ▲ 61.4% |
| Amounts receivable within one year40/41 | €7,825 | €1,895 | €3,700 | €42,102 | €304 | ▼ 99.3% |
| Trade receivables40 | - | €1,895 | €3,700 | €32,961 | €304 | ▼ 99.1% |
| Other amounts receivable41 | - | - | - | €9,142 | - | - |
| Cash at bank and in hand54/58 | €16,281 | €2,267 | €781 | €15,345 | €1,688 | ▼ 89.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,158 | €113,324 | €138,899 | €166,645 | €178,230 | ▲ 7.0% |
| Equity10/15 | €31,098 | €33,376 | €28,730 | €24,376 | €25,332 | ▲ 3.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €10,638 | €12,916 | €8,270 | €3,916 | €4,872 | ▲ 24.4% |
| Amounts payable17/49 | €54,060 | €79,948 | €110,169 | €142,269 | €152,897 | ▲ 7.5% |
| Amounts payable within one year42/48 | €54,060 | €79,948 | €110,169 | €142,269 | €152,897 | ▲ 7.5% |
| Trade debts44 | €22,867 | €45,529 | €41,232 | €88,997 | €71,083 | ▼ 20.1% |
| Suppliers440/4 | - | €45,529 | €41,232 | €88,997 | €71,083 | ▼ 20.1% |
| Advances received on contracts in progress46 | - | - | €17,444 | - | - | - |
| Taxes, remuneration and social security45 | - | €24,380 | €48,203 | €53,272 | €55,914 | ▲ 5.0% |
| Taxes450/3 | - | €16,634 | €28,358 | €41,662 | €41,669 | = |
| Remuneration and social security454/9 | - | €7,746 | €19,845 | €11,610 | €14,245 | ▲ 22.7% |
| Other amounts payable47/48 | - | €10,039 | €3,289 | - | €25,900 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,081 | €2,278 | -€4,646 | -€4,355 | €957 | ▲ 122% |
| Operating cash flow (approximation) | €8,081 | €2,278 | -€4,646 | -€4,355 | €957 | ▲ 122% |
| Change in cash | - | -€14,014 | -€1,486 | €14,563 | -€13,656 | ▼ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 121 days late
17-10
KBO administration
Address strikeout annulled
22-09
KBO administration
Address struck
Gespstraat 121 1070 Die Sitzadresse Rue de l’Agrafe / Gespstraat
Anderlecht · event 08-09-2025
2024
31-12
Financial
Back to profitnet €957
Net result €957 after 2 loss-making years.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 51 days late
2022
31-12
Financial
Weakest financial yearnet -€4,646
Net result drops to -€4,646, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 90 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 169 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 152 days late
2019
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 150 days late
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 148 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 2 establishment units since 2010
Ground area
873 m²
Building footprint
492 m²
Volume, LiDAR
4,339 m³
3 parcels, Brussels, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Auto Stop
since 20102.190.546.149
AUTO PIECE BXL
since 20192.301.303.125
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0728/00S028 | Flanders | 552 m² | 1 · 271 m² | 13.9 m · 2 fl. |
| 21304B0170/00W003 | Brussels | 214 m² | 1 · 114 m² | 15.8 m · 4 fl. |
| 21526D0234/00M003 | Brussels | 107 m² | 1 · 106 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Zaventem · Eq €25,405
AUTO PIECE
BE 1017.191.884
Charleroi · Eq €25,536
PNEUS ANDERLECHT
BE 0872.863.606
Anderlecht · Eq €25,128
SOS DEPANNAGE AUBANGE-MESSANCY
BE 1017.748.051
Aubange · Eq €25,559
Of 2,440 companies in this sector we hold annual accounts for 779. 469 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded09-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826505722
Also
9925:BE0826505722
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.