Mornie Sam
ActiveSummary
The computed 12-month bankruptcy probability of Mornie Sam is 1.5% (moderate). The 2025 annual accounts show equity of €76k and a net result of €15k. Equity is growing by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 982 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+5
Solvency48▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.39 in 2024; short-term debt: 18% and cash: 5.1% of total assets), and 77.1% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← 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
22.9%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 982 sector peers (2025).
NBB · sector comparisonPosition among 982 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
17 d late
2024
29 d late
2023
31 d late
2022
10 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▲ 24.0%
2024 · €61k
2022: €36k
2023: €45k
2024: €61k
2022 → 2025
Total assets
€330k▲ 0.9%
2024 · €327k
2022: €60k
2023: €348k
2024: €327k
2022 → 2025
Net result
€15k▼ 7.9%
2024 · €17k
2022: €34k
2023: €9k
2024: €17k
2022 → 2025
Working capital
€-27k▲ 25.5%
2024 · €-36k
2022: €18k
2023: €-15k
2024: €-36k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€36k-€45k▲ 23.8%€61k▲ 35.4%€76k▲ 24.0%
Operating result€43k-€17k▼ 59.5%€34k▲ 94.3%€32k▼ 4.5%
Net result€34k-€9k▼ 72.3%€17k▲ 76.9%€15k▼ 7.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330k
Fixed assets
€298k ▼ 2.2%
Current assets
€32k ▲ 41.9%
Equity and liabilities €330k
Equity
€76k ▲ 24.0%
Debt
€255k ▼ 4.4%
Debt's share of the balance-sheet total falls from 81.4% to 77.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▲
2024 · €50k
Cash flow
€34k▲
2024 · €33k
Current ratio
0.54▲
2024 · 0.39
Debt to equity
3.37▼
2024 · 4.37
ROE
20.4%▼
2024 · 27.5%
ROA
4.7%▼
2024 · 5.1%
Interest coverage
4.00▲
2024 · 3.29
Debt ≤ 1 year
€60k▲
2024 · €59k
Debt > 1 year
€192k▼
2024 · €204k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€327k€330k▲
Fixed assets21/28€305k€298k▼
Tangible fixed assets22/27€305k€298k▼
Land and buildings22€292k€282k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€10k€14k▲
Current assets29/58€23k€32k▲
Amounts receivable within one year40/41€7k€14k▲
Trade receivables40€5k€12k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€12k€17k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€327k€330k▲
Equity10/15€61k€76k▲
Contributions10/11€3k€3k=
Reserves13€58k€73k▲
Distributable reserves133€58k€73k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€266k€255k▼
Amounts payable after more than one year17€204k€192k▼
Financial debts170/4€204k€192k▼
Amounts payable within one year42/48€59k€60k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Financial debts43€622€0▼
Credit institutions430/8€622€0▼
Other loans439€0-
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€44k€42k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€880€2k▲
Gross operating margin9900€51k€53k▲
Operating profit (loss)9901€34k€32k▼
Financial income75/76B€12€0▼
Recurring financial income75€12€0▼
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€19k€20k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€17k€15k▼
Profit (loss) for the period to be appropriated9905€17k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€15k▼
Transfer to equity691/2€16k€15k▼
To other reserves6921€16k€15k▼
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (9 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼72.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kluisbergen · 1 establishment unit since 2022
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.
Oudenaardebaan 609690 KluisbergenGround area
2.0 ha
Building footprint
723 m²
Parcel 45002B1362/00F000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Mornie Sam
since 20222.328.113.826
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45002B1362/00F000 | Flanders | 2.0 ha | 1 · 723 m² | 0.1 m |
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.
Similar companies · same sector, comparable size
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GROND- & AFBRAAKWERKEN CLERX
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
43120Site preparation
43990Other specialised construction activities
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.