MORO
ActiveMORO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €418k and a net result of €-32k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-8
Solvency87▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.01 in 2024), but 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
27 d late
2023
26 d early
2022
82 d early
2021
40 d early
2020
31 d late
2019
87 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-32k
2024 · €7k
2018: €109k
2019: €54k
2020: €98k
2021: €109k
2022: €13k
2023: €33k
2024: €7k
2018 → 2025
Working capital
€442k▼ 0.4%
2024 · €443k
2018: €248k
2019: €273k
2020: €345k
2021: €447k
2022: €440k
2023: €468k
2024: €443k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€431k-€409k▼ 5.1%€442k▲ 8.2%€450k▲ 1.6%€418k▼ 7.0%
Operating result€164k-€29k▼ 82.2%€77k▲ 163%€36k▼ 52.6%€-20k
Net result€109k-€13k▼ 88.1%€33k▲ 160%€7k▼ 78.8%€-32k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €36k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €941k
Fixed assets
€60k▼ 25.6%
Current assets
€881k▼ 0.3%
Equity and liabilities €995k
Equity
€418k▼ 7.0%
Provisions
€37k▲ 28.7%
Debt
€541k▼ 2.4%
The debt ratio rises from 53.7% to 54.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€26k▼
2024 · €89k
Cash flow
€14k▼
2024 · €59k
Solvency
42.0%▼
2024 · 43.5%
Current ratio
2.00▼
2024 · 2.01
Quick ratio
1.65▲
2024 · 1.62
Debt / equity
1.29▲
2024 · 1.23
ROE
-7.6%▼
2024 · 1.6%
ROA
-3.2%▼
2024 · 0.7%
Interest coverage
2.23▼
2024 · 3.51
Debt
€541k▼
2024 · €554k
Debt ≤ 1 year
€440k▼
2024 · €441k
Debt > 1 year
€99k▼
2024 · €106k
Income taxes
€0▼
2024 · €4k
Staff costs
€471k▼
2024 · €485k
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€1.03M€995k▼
Formation expenses20€67k€54k▼
Fixed assets21/28€81k€60k▼
Intangible fixed assets21€7k€3k▼
Tangible fixed assets22/27€73k€57k▼
Plant, machinery and equipment23€60k€40k▼
Furniture and vehicles24€13k€17k▲
Current assets29/58€884k€881k▼
Stocks and contracts in progress3€171k€157k▼
Stocks30/36€154k€140k▼
Contracts in progress37€18k€17k▼
Amounts receivable within one year40/41€358k€392k▲
Trade receivables40€338k€372k▲
Other amounts receivable41€20k€20k▼
Cash at bank and in hand54/58€344k€322k▼
Deferred charges and accrued income490/1€10k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€995k▼
Equity10/15€450k€418k▼
Contributions10/11€425k€425k=
Capital10€425k€425k=
Issued capital100€425k€425k=
Reserves13€25k€25k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Profit (loss) carried forward14-€-32k
Provisions and deferred taxes16€29k€37k▲
Provisions for liabilities and charges160/5€29k€37k▲
Other liabilities and charges164/5€29k€37k▲
Amounts payable17/49€554k€541k▼
Amounts payable after more than one year17€106k€99k▼
Financial debts170/4€106k€99k▼
Amounts payable within one year42/48€441k€440k▼
Current portion of amounts payable after more than one year42€16k€6k▼
Financial debts43€132k€160k▲
Credit institutions430/8€132k€160k▲
Trade debts44€200k€187k▼
Suppliers440/4€200k€187k▼
Taxes, remuneration and social security45€70k€65k▼
Taxes450/3€23k€10k▼
Remuneration and social security454/9€47k€54k▲
Other amounts payable47/48€22k€22k▼
Accrued charges and deferred income492/3€8k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€0€206▲
Remuneration, social security and pensions62€485k€471k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€46k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8€12k€8k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€1k€12k▲
Gross operating margin9900€589k€519k▼
Operating profit (loss)9901€36k€-20k▼
Financial income75/76B€65€108▲
Recurring financial income75€65€108▲
Financial charges65/66B€25k€12k▼
Recurring financial charges65€25k€12k▼
Profit (loss) for the period before taxes9903€11k€-32k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€7k€-32k▼
Profit (loss) for the period to be appropriated9905€7k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-32k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€7k€0▼
To the legal reserve6920€7k€0▼
Social balance
Average headcount (FTE)90877.46.8▼
The notes to these accounts (21 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-32k ▼545%
Net result drops to €-32k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €224k ▲31.8%
2 profitable years in a row build equity to €224k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
14-06
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.
Directors · office · real estate
Directors
9 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, Lichtervelde · 1 establishment unit since 2007
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.
Industrielaan 26A8810 LichterveldeGround area
2,881 m²
Building footprint
1,405 m²
Volume, LiDAR
11,450 m³
Parcel 36011E0627/00S000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MORO
since 20072.169.617.905
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0627/00S000 | Flanders | 2,881 m² | 1 · 1,405 m² | 8.8 m · 3 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 2024 · 3 entries · 2,621 EUR awarded · 2,621 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,250 EUR | 2,546 EUR |
| 2023 | 1 | 296 EUR | 0 EUR |
| 2022 | 1 | 75 EUR | 75 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 708 companies in sector 25510 we hold annual accounts for 407. 302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-04-1994
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25530Machining of metals
25610Manufacture of fabricated metal products, except machinery and equipment
28510
28520
25110Manufacture of metal structures and parts of structures
28110
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.