MORLITERM
ActiveMORLITERM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €864k and a net result of €304k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+4
Solvency96▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 4.52 in 2023; short-term debt: 23.3% and cash: 20.2% of total assets), and 29% 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+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
71%
Return on assets
25%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
36 d early
2022
35 d early
2021
37 d early
2020
18 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€864k▼ 51.7%
2023 · €1.79M
2018: €491k
2019: €670k
2020: €882k
2021: €1.07M
2022: €1.28M
2023: €1.79M
2018 → 2024
Total assets
€1.22M▼ 49.2%
2023 · €2.39M
2018: €1.13M
2019: €1.28M
2020: €1.49M
2021: €1.70M
2022: €1.96M
2023: €2.39M
2018 → 2024
Net result
€304k▼ 42.0%
2023 · €523k
2018: €132k
2019: €209k
2020: €213k
2021: €203k
2022: €211k
2023: €523k
2018 → 2024
Working capital
€716k▼ 38.4%
2023 · €1.16M
2018: €101k
2019: €282k
2020: €380k
2021: €534k
2022: €704k
2023: €1.16M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€882k-€1.07M▲ 21.3%€1.28M▲ 19.6%€1.79M▲ 39.9%€864k▼ 51.7%
Operating result€307k-€298k▼ 2.8%€316k▲ 6.0%€714k▲ 126%€410k▼ 42.6%
Net result€213k-€203k▼ 4.9%€211k▲ 3.9%€523k▲ 148%€304k▼ 42.0%
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 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.22M
Fixed assets
€218k▼ 75.9%
Current assets
€999k▼ 33.1%
Equity and liabilities €1.22M
Equity
€864k▼ 51.7%
Provisions
€4k
Debt
€349k▼ 42.3%
The debt ratio rises from 25.2% to 28.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€506k▼
2023 · €807k
Cash flow
€400k▼
2023 · €616k
Solvency
71.0%▼
2023 · 74.8%
Current ratio
3.53▼
2023 · 4.52
Quick ratio
1.93▼
2023 · 3.02
Debt / equity
0.40▲
2023 · 0.34
ROE
35.2%▲
2023 · 29.2%
ROA
25.0%▲
2023 · 21.9%
Interest coverage
20.04▼
2023 · 37.01
Debt
€349k▼
2023 · €604k
Debt ≤ 1 year
€283k▼
2023 · €330k
Debt > 1 year
€45k▼
2023 · €266k
Income taxes
€101k▼
2023 · €172k
Staff costs
€1.13M▼
2023 · €1.20M
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€2.39M€1.22M▼
Fixed assets21/28€902k€218k▼
Tangible fixed assets22/27€899k€217k▼
Land and buildings22€633k-
Plant, machinery and equipment23€71k€67k▼
Furniture and vehicles24€195k€150k▼
Financial fixed assets28€3k€250▼
Current assets29/58€1.49M€999k▼
Amounts receivable after more than one year29€12k€6k▼
Other amounts receivable291€12k€6k▼
Stocks and contracts in progress3€495k€454k▼
Stocks30/36€424k€402k▼
Contracts in progress37€70k€52k▼
Amounts receivable within one year40/41€207k€227k▲
Trade receivables40€165k€206k▲
Other amounts receivable41€42k€20k▼
Cash at bank and in hand54/58€715k€246k▼
Deferred charges and accrued income490/1€64k€66k▲
Equity and liabilities
Total equity and liabilities10/49€2.39M€1.22M▼
Equity10/15€1.79M€864k▼
Contributions10/11€15k€6k▼
Reserves13€1.78M€858k▼
Non-distributable reserves130/1€6k€2k▼
Reserves not available under the articles1311€6k€2k▼
Tax-exempt reserves132€85k€98k▲
Distributable reserves133€1.68M€757k▼
Provisions and deferred taxes16-€4k
Provisions for liabilities and charges160/5-€4k
Other liabilities and charges164/5-€4k
Amounts payable17/49€604k€349k▼
Amounts payable after more than one year17€266k€45k▼
Financial debts170/4€266k€45k▼
Amounts payable within one year42/48€330k€283k▼
Current portion of amounts payable after more than one year42€76k€24k▼
Trade debts44€99k€107k▲
Suppliers440/4€99k€107k▲
Advances received on contracts in progress46€56k-
Taxes, remuneration and social security45€83k€37k▼
Taxes450/3€27k€7k▼
Remuneration and social security454/9€56k€29k▼
Other amounts payable47/48€17k€116k▲
Accrued charges and deferred income492/3€9k€20k▲
Income statement
Code20232024
Non-recurring operating income76A-€21k
Remuneration, social security and pensions62€1.20M€1.13M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€96k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€4k
Other operating charges640/8€16k€13k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€2.02M€1.66M▼
Operating profit (loss)9901€714k€410k▼
Financial income75/76B€4k€20k▲
Recurring financial income75€4k€20k▲
Financial charges65/66B€22k€25k▲
Recurring financial charges65€22k€25k▲
Profit (loss) for the period before taxes9903€696k€404k▼
Income taxes67/77€172k€101k▼
Profit (loss) for the period9904€523k€304k▼
Transfer to tax-exempt reserves689€84k€63k▼
Profit (loss) for the period to be appropriated9905€439k€241k▼
Appropriation of the result
Profit (loss) to be appropriated9906€439k€241k▼
Transfer from equity791/2-€86k
Transfer to equity691/2€426k€240k▼
To other reserves6921€426k€240k▼
Profit to be distributed694/7€13k€87k▲
Return on contributions (dividend)694€900€87k▲
Directors or managers695€12k-
Social balance
Average headcount (FTE)908719.116.0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €523k ▲148%
Operating result €714k, net result €523k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.07M ▲21.3%
4 profitable years in a row build equity to €1.07M.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €670k ▲36.5%
2 profitable years in a row build equity to €670k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
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
5 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, Veurne · 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.
Slableedstraat 38630 VeurneGround area
2,873 m²
Building footprint
911 m²
Volume, LiDAR
5,190 m³
Parcel 38025F0288/00H002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Morliterm
since 20062.158.475.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025F0288/00H002 | Flanders | 2,873 m² | 1 · 911 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 37,657 EUR awarded · 34,687 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,423 EUR | 1,533 EUR |
| 2024 | 2 | 10,335 EUR | 9,255 EUR |
| 2023 | 3 | 13,329 EUR | 13,329 EUR |
| 2022 | 2 | 10,570 EUR | 10,570 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
5 categoriesMORLITERM BV32563
Dual-learning approval
6 live approvals · 5 endedBrandertechnicus gas/stookolie duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 5,086 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2006
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
43221Plumbing work
45332
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.
Contact details
2 entriesWebsite:www.morliterm.be
E-mail:info@morliterm.be