MORLITECH
ActiveSummary
MORLITECH has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €236,083. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-3
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 11.79 against 2.71 in 2024; short-term debt: 5.9% and cash: 6.3% of total assets), and 6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94%
Return on assets
10.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
29 d early
2023
37 d early
2022
11 d early
2021
19 d late
2020
30 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.0m▲ 13.1%
2024 · €1.8m
Total assets
€2.2m▼ 11.7%
2024 · €2.4m
Net result
€236,083▼ 24.8%
2024 · €314,095
Working capital
€1.4m▲ 23.8%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€331,173▲ 23.5%€298,427▼ 9.9%€381,522▲ 27.8%€429,458▲ 12.6%€312,123▼ 27.3%
Net result€228,913▲ 31.5%€220,393▼ 3.7%€273,386▲ 24.0%€314,095▲ 14.9%€236,083▼ 24.8%
Equity€1.8m▼ 6.9%€1.9m▲ 4.1%€2.0m▲ 9.2%€1.8m▼ 12.1%€2.0m▲ 13.1%
Total assets€2.1m▼ 13.1%€2.0m▼ 5.8%€2.2m▲ 12.2%€2.4m▲ 11.0%€2.2m▼ 11.7%
Debt€286,080▼ 38.7%€92,045▼ 67.8%€160,483▲ 74.4%€650,910▲ 306%€130,699▼ 79.9%
Working capital€1.4m▼ 9.4%€1.1m▼ 19.9%€1.3m▲ 15.7%€1.1m▼ 16.2%€1.4m▲ 23.8%
Staff (FTE)1.6▲ 60.0%1.1▼ 31.3%0.9▼ 18.2%1▲ 11.1%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 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€660,936 ▼ 4.3%
Current assets
€1.5m ▼ 14.6%
Equity and liabilities €2.2m
Equity
€2.0m ▲ 13.1%
Debt
€130,699 ▼ 79.9%
Debt's share of the balance-sheet total falls from 26.6% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€385,343▼
2024 · €495,337
Cash flow
€309,303▼
2024 · €379,973
Current ratio
11.79▲
2024 · 2.71
Debt to equity
0.06▼
2024 · 0.36
ROE
11.6%▼
2024 · 17.5%
ROA
10.9%▼
2024 · 12.8%
Interest coverage
86.38▼
2024 · 100.93
Debt ≤ 1 year
€127,188▼
2024 · €647,108
Income taxes
€100,426▼
2024 · €140,482
Staff costs
€78,936▲
2024 · €76,804
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,500 | - | €1,000 | €300 | - | - |
| Remuneration, social security and pensions62 | €82,825 | €67,690 | €65,728 | €76,804 | €78,936 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,932 | €61,710 | €58,992 | €65,879 | €73,220 | ▲ 11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€332 | - | €852 | - |
| Other operating charges640/8 | €3,722 | €3,897 | €4,264 | €6,309 | €6,241 | ▼ 1.1% |
| Gross operating margin9900 | €458,652 | €431,724 | €510,174 | €578,450 | €471,372 | ▼ 18.5% |
| Operating profit (loss)9901 | €331,173 | €298,427 | €381,522 | €429,458 | €312,123 | ▼ 27.3% |
| Financial income75/76B | €6,155 | €1,231 | €16,175 | €30,026 | €28,846 | ▼ 3.9% |
| Recurring financial income75 | €219 | €1,231 | €16,175 | €30,026 | €28,846 | ▼ 3.9% |
| Non-recurring financial income76B | €5,936 | - | - | - | - | - |
| Financial charges65/66B | €8,916 | €2,023 | €3,419 | €4,908 | €4,461 | ▼ 9.1% |
| Recurring financial charges65 | €8,916 | €2,023 | €3,419 | €4,908 | €4,461 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €328,412 | €297,636 | €394,278 | €454,576 | €336,508 | ▼ 26.0% |
| Income taxes67/77 | €99,499 | €77,243 | €120,892 | €140,482 | €100,426 | ▼ 28.5% |
| Profit (loss) for the period9904 | €228,913 | €220,393 | €273,386 | €314,095 | €236,083 | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €228,913 | €220,393 | €273,386 | €314,095 | €236,083 | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.0m | €2.2m | €2.4m | €2.2m | ▼ 11.7% |
| Fixed assets21/28 | €380,091 | €732,795 | €723,867 | €690,988 | €660,936 | ▼ 4.3% |
| Tangible fixed assets22/27 | €380,091 | €732,795 | €723,867 | €690,988 | €660,936 | ▼ 4.3% |
| Land and buildings22 | €320,995 | €691,091 | €666,238 | €625,169 | €584,815 | ▼ 6.5% |
| Plant, machinery and equipment23 | €28,951 | €22,159 | €21,951 | €13,772 | €7,265 | ▼ 47.2% |
| Furniture and vehicles24 | €30,145 | €19,545 | €35,678 | €52,047 | €68,856 | ▲ 32.3% |
| Current assets29/58 | €1.7m | €1.2m | €1.5m | €1.8m | €1.5m | ▼ 14.6% |
| Amounts receivable within one year40/41 | €131,437 | €118,181 | €117,097 | €161,517 | €98,296 | ▼ 39.1% |
| Trade receivables40 | €125,788 | €110,993 | €117,009 | €161,517 | €98,117 | ▼ 39.3% |
| Other amounts receivable41 | €5,649 | €7,187 | €88 | - | €179 | - |
| Current investments50/53 | €1.1m | €1.0m | €1.2m | €1.5m | €1.3m | ▼ 16.6% |
| Cash at bank and in hand54/58 | €490,694 | €110,377 | €110,825 | €73,570 | €135,531 | ▲ 84.2% |
| Deferred charges and accrued income490/1 | - | €1,174 | €9,046 | €9,500 | €5,641 | ▼ 40.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.0m | €2.2m | €2.4m | €2.2m | ▼ 11.7% |
| Equity10/15 | €1.8m | €1.9m | €2.0m | €1.8m | €2.0m | ▲ 13.1% |
| Contributions10/11 | €384,000 | €384,000 | €384,000 | €24,000 | €24,000 | = |
| Reserves13 | €1.4m | €1.5m | €1.7m | €1.8m | €2.0m | ▲ 13.2% |
| Non-distributable reserves130/1 | €38,400 | €38,400 | €38,400 | - | - | - |
| Reserves not available under the articles1311 | €38,400 | €38,400 | €38,400 | - | - | - |
| Distributable reserves133 | €1.4m | €1.4m | €1.6m | €1.8m | €2.0m | ▲ 13.2% |
| Amounts payable17/49 | €286,080 | €92,045 | €160,483 | €650,910 | €130,699 | ▼ 79.9% |
| Amounts payable within one year42/48 | €277,780 | €88,515 | €157,897 | €647,108 | €127,188 | ▼ 80.3% |
| Trade debts44 | €33,587 | €26,232 | €76,067 | €68,988 | €24,815 | ▼ 64.0% |
| Suppliers440/4 | €33,587 | €26,232 | €76,067 | €68,988 | €24,815 | ▼ 64.0% |
| Taxes, remuneration and social security45 | €17,088 | €17,131 | €32,125 | €67,098 | €47,595 | ▼ 29.1% |
| Taxes450/3 | €8,209 | €13,887 | €26,088 | €61,370 | €41,373 | ▼ 32.6% |
| Remuneration and social security454/9 | €8,879 | €3,244 | €6,037 | €5,729 | €6,223 | ▲ 8.6% |
| Other amounts payable47/48 | €227,105 | €45,152 | €49,705 | €511,022 | €54,778 | ▼ 89.3% |
| Accrued charges and deferred income492/3 | €8,300 | €3,530 | €2,586 | €3,801 | €3,511 | ▼ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €228,913 | €220,393 | €273,386 | €314,095 | €236,083 | ▼ 24.8% |
| + Depreciation and write-downs630 | €40,932 | €61,710 | €58,992 | €65,879 | €73,220 | ▲ 11.1% |
| Operating cash flow (approximation) | €269,845 | €282,103 | €332,378 | €379,973 | €309,303 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | -€414,414 | -€50,064 | -€33,000 | -€43,168 | ▼ 30.8% |
| Change in cash | - | -€380,317 | €449 | -€37,255 | €61,961 | ▲ 266% |
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
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 11.79
Current ratio from 2.71 to 11.79; short-term debt falls from €647,108 to €127,188.
31-12
Financial
Equity above €2mEq €2.0m ▲13.1%
8 profitable years in a row build equity to €2.0m.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €314,095 ▲14.9%
Operating result €429,458, net result €314,095, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.0m ▲9.2%
6 profitable years in a row build equity to €2.0m.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 13.90
Current ratio from 6.13 to 13.90; short-term debt falls from €277,780 to €88,515.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €174,051 ▼32.2%
Net result drops to €174,051, the lowest in the series; recovery starts the following year.
Show earlier events
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Vleteren · 1 establishment unit since 2004
Ground area
2,877 m²
Building footprint
182 m²
Volume, LiDAR
432 m³
Parcel 33031D0359/00P000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Morlitech
since 20042.134.600.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33031D0359/00P000 | Flanders | 2,877 m² | 1 · 182 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450079C49D9FAB7579
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 452 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
25110Manufacture of metal structures and parts of structures
46620Wholesale of machine tools
Contact
Phone
057/33 40 61Vleteren
Fax
057/33 40 16Vleteren
Scores and ratios are computed by Checked and are not a credit decision.