MORN
ActiveMORN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-40k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
17
/ 100
Critical▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+21
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Age of the figures
Age of the figures
8 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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€40k
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
61 d late
2023
15 d early
2022
10 d early
2021
89 d late
2020
90 d late
2019
131 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-40k▼ 11.4%
2024 · €-36k
2018: €320k
2019: €310k
2020: €180k
2021: €40k
2022: €-33k
2023: €-34k
2024: €-36k
2018 → 2025
Total assets
€1k▼ 94.4%
2024 · €23k
2018: €823k
2019: €728k
2020: €492k
2021: €415k
2022: €54k
2023: €49k
2024: €23k
2018 → 2025
Net result
€-4k▼ 87.1%
2024 · €-2k
2018: €15k
2019: €-10k
2020: €-30k
2021: €-140k
2022: €-73k
2023: €-843
2024: €-2k
2018 → 2025
Working capital
€-40k▼ 11.4%
2024 · €-36k
2018: €331k
2019: €302k
2020: €119k
2021: €14k
2022: €-33k
2023: €-34k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€-33k€-34k▼ 2.6%€-36k▼ 6.5%€-40k▼ 11.4%
Operating result€-109k-€-37k▲ 66.2%€-695▲ 98.1%€-2k▼ 175%€-4k▼ 106%
Net result€-140k-€-73k▲ 48.2%€-843▲ 98.8%€-2k▼ 159%€-4k▼ 87.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €2k in 2024; the loss grows.
Key figures and ratios
Debt
€41k▼
2024 · €59k
Debt ≤ 1 year
€41k▼
2024 · €59k
Income taxes
€0▼
2024 · €119
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€23k€1k▼
Current assets29/58€23k€1k▼
Amounts receivable within one year40/41€321€869▲
Trade receivables40€0-
Other amounts receivable41€321€869▲
Cash at bank and in hand54/58€22k€400▼
Equity and liabilities
Total equity and liabilities10/49€23k€1k▼
Equity10/15€-36k€-40k▼
Contributions10/11€20k€20k=
Reserves13€200k€200k=
Distributable reserves133€200k€200k=
Profit (loss) carried forward14€-256k€-260k▼
Amounts payable17/49€59k€41k▼
Amounts payable within one year42/48€59k€41k▼
Trade debts44€1k€929▼
Suppliers440/4€1k€929▼
Other amounts payable47/48€58k€40k▼
Income statement
Code20242025
Other operating charges640/8€505€528▲
Gross operating margin9900€-1k€-3k▼
Operating profit (loss)9901€-2k€-4k▼
Financial charges65/66B€153€153▼
Recurring financial charges65€153€153▼
Profit (loss) for the period before taxes9903€-2k€-4k▼
Income taxes67/77€119€0▼
Profit (loss) for the period9904€-2k€-4k▼
Profit (loss) for the period to be appropriated9905€-2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-256k€-260k▼
Profit (loss) brought forward from the previous period14P€-254k€-256k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
BenamingGeneral meeting · Name change · Approval4 facts ▸
State Gazette act
Benaming
General meeting · Name change · Approval4 facts ▸
- General meeting
- Name change, MORN
- Approval, verslag van het bestuursorgaan met betrekking tot de voorgestelde wijziging van het voorwerp
- Purpose change, De vennootschap heeft tot doel, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden: - het uitbaten van één of meerdere horec…
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 2023
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.
Hamerdijk 32830 WillebroekGround area
167 m²
Building footprint
144 m²
Volume, LiDAR
908 m³
Parcel 12013A0233/00P000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PERFECTUM
since 20232.372.545.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12013A0233/00P000 | Flanders | 167 m² | 1 · 144 m² | 11.7 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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SBM Consult
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GUY LAENEN & C°
BE 0886.018.982
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VARNO
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 36,548 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2011
Fiscal year end31-12
Legal name NL
PERFECTUM
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.