Equity
-€286,075
Debts exceed assets in financial year 2026.
MORLANWAIZE
Lifetime
2 annual accounts with figures on one time axispeak €2.8m (2025)
€2.4m▼ 11.9%
lowest -€502,908 (2025)
€16,833▲ €519,741
peak -€286,075 (2026)
-€286,075▲ €16,833
€2.2m▼ 6.8%
peak 46 FTE (2026)
46 FTE▲ 2.2%
Board1 name since 2023
1 director
Owners
Documentsfilings and deeds
01-10-202630 days before the deadline
2026abbreviated format
Back to profit: €16,833Investments €39,409Cash from €881,904 to €558,921
Key points
from the 2026 annual accountsResult
€16,833 €16,833
Back in profit in 2026, after a loss of €502,908 in 2025.
Turnover
≈ €16.0m estimated
The accounts state no turnover.
Debts
€2.2m 115% of the balance sheet
Financial debts 11%Suppliers 63%Taxes and wages 22%Other 4%
Of this, €2.0m falls due within a year.
Investments
€39,409 2.0 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-€286,075
Less equity than 95% of companies in retail trade. Sector median €333,081 · 916 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 262 companies had the same profile as MORLANWAIZE has now. Each dot is one company, two years later.
97.3%
were still trading
0.8%
stopped another way
1.1%
went bankrupt
Another 0.8% 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 262 companies, not a prediction for MORLANWAIZE. 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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Signals
Board and ownership
Director, , since 07-12-2023
- 100%score equity €43,775 (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003093331
Incorporation
Founding capital of €200,000, 200 shares · Founder: · Appointment: (director) · published on 11-12-2023 · Gazette deed
First establishment
AD Delhaize Morlanwelz, Chaussée Brunehault 500, Morlanwelz
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MORLANWAIZE Thuin | €1.9m | €2.4m | -15.3% | 46 |
| Delhaize Mouscron Les Dauphins Mouscron | €1.5m | €2.0m | -15.5% | 43.4 |
| GIMALEX Liège | €1.9m | €2.1m | 6.9% | 43.4 |
| N.B.S. RETAIL Marche-en-Famenne | €1.9m | €2.2m | -15.6% | 44.4 |
| AMAY BLUES Amay | €2.2m | €2.4m | 18.0% | 49.8 |
| SM DINANT Dinant | €1.6m | €2.4m | 14.6% | 43.4 |
| OLIANTO RETAIL GROUP Uccle | €1.5m | €2.3m | -15.1% | 48.7 |
These companies have the same main activity as MORLANWAIZE: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €1.5m and €2.2m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 07-12-2023Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 202.01Medium-sized food businesses · annual accounts 31-03-2026
- Establishment unit
- 2.355.482.6727140 Morlanwelz, since 07-12-2023
- Financial year end
- 31 March
- Peppol
- Reachable since 31-12-2025
Annual accounts to 31-03-2026
- €1.9m▼ 6.9%
- Employeeson 31-03-2026
- 64▲ 4.9%
- Filing
- Filed on 01-10-2026, 30 days before the end of the filing period
Insights on MORLANWAIZE
MORLANWAIZE has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€286,075) and a net result of €16,833.
Its solvency ranks better than 9% of 916 sector peers (NACE 47, financial year 2026).
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 MORLANWAIZE
- What is the company number of MORLANWAIZE?
- The company number of MORLANWAIZE is 1003.093.331. The VAT number is the same number with BE in front: BE 1003.093.331.
- Where is MORLANWAIZE based?
- The registered office is at Drève des Alliés 86, 6530 Thuin.Company details
- What does MORLANWAIZE do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of MORLANWAIZE?
- MORLANWAIZE is a private limited company (BV).
- When was MORLANWAIZE founded?
- MORLANWAIZE was founded on 07-12-2023.
- Is MORLANWAIZE still active?
- Yes, MORLANWAIZE is an active enterprise in the KBO register.
- How many employees does MORLANWAIZE have?
- MORLANWAIZE had an average of 46 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does MORLANWAIZE fall under?
- In its 31-03-2026 annual accounts, MORLANWAIZE states joint committee 202.01 (Medium-sized food businesses).
- What is the turnover of MORLANWAIZE?
- The turnover in financial year 2026 is ≈ €16.0m. This figure is estimated from the gross margin of €2.4m and 30 comparable companies (NACE 471). It probably lies between €10.0m and €20.0m.
- Is MORLANWAIZE profitable?
- In financial year 2026, MORLANWAIZE made a profit of €16,833.
- Where can I find the annual accounts of MORLANWAIZE?
- MORLANWAIZE filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MORLANWAIZE due?
- MORLANWAIZE must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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