MOROXCO
ActiveSummary
MOROXCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€1.1m) and a net result of €248,652. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8074 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8074 sector peers (2025).
NBB · sector comparisonPosition among 8074 sector peers
Solvency
better than 5%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
49 d early
2024
34 d early
2023
28 d early
2022
46 d early
2021
16 d early
2020
33 d early
2019
32 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€1.1m▲ 19.1%
2024 · -€1.3m
Net result
€248,652▲ 45.5%
2024 · €170,892
Total assets
€495,431▲ 89.6%
2024 · €261,260
Solvency
-212.6%▲ 285.7pp
2024 · -498.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,241▲ 67.6%€157,420▲ 109%€207,571▲ 31.9%€214,358▲ 3.3%€290,216▲ 35.4%
Net result€39,594within the sector's middle half▲ 146%€101,247above the sector's middle half▲ 156%-€1.5mbelow the sector's middle half€170,892above the sector's middle half€248,652above the sector's middle half▲ 45.5%
Equity€132,305below the sector's middle half▲ 60.0%€33,552below the sector's middle half▼ 74.6%-€1.5mbelow the sector's middle half-€1.3mbelow the sector's middle half▲ 11.6%-€1.1mbelow the sector's middle half▲ 19.1%
Total assets€1.4mwithin the sector's middle half▲ 4.8%€1.5mabove the sector's middle half▲ 7.0%€156,828within the sector's middle half▼ 89.6%€261,260within the sector's middle half▲ 66.6%€495,431within the sector's middle half▲ 89.6%
Debt€1.3m▲ 1.1%€1.5m▲ 15.5%€1.6m▲ 10.4%€1.6m▼ 4.1%€1.5m▼ 0.9%
Working capital€279,331▲ 1.3%€155,170▼ 44.4%-€65,463€37,591-€42,773
Solvency9.4%below the sector's middle half▲ 3.2pp2.2%below the sector's middle half▼ 7.2pp-939.1%below the sector's middle half▼ 941.3pp-498.3%below the sector's middle half▲ 440.8pp-212.6%below the sector's middle half▲ 285.7pp
Staff (FTE)0.5below the sector's middle half0.9▲ 80.0%0.9=1▲ 11.1%1=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €495,431
Fixed assets
€138,924 ▲ 116%
Current assets
€356,507 ▲ 81.0%
Key figures and ratios
ROA
50.2%▼
2024 · 65.4%
Debt ≤ 1 year
€399,280▲
2024 · €159,411
Debt > 1 year
€1.1m▼
2024 · €1.4m
Income taxes
€640▲
2024 · €349
Staff costs
€15,369▲
2024 · €14,665
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,777 | €11,763 | €13,002 | €14,665 | €15,369 | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,015 | €6,133 | €9,252 | €9,593 | €18,845 | ▲ 96.4% |
| Other operating charges640/8 | €4,039 | €3,987 | €2,009 | €2,447 | €3,759 | ▲ 53.6% |
| Non-recurring operating charges66A | - | - | - | - | €3,294 | - |
| Gross operating margin9900 | €96,072 | €179,303 | €231,835 | €241,063 | €331,483 | ▲ 37.5% |
| Operating profit (loss)9901 | €75,241 | €157,420 | €207,571 | €214,358 | €290,216 | ▲ 35.4% |
| Financial income75/76B | €3,972 | €4,854 | €1 | €659 | €8,030 | ▲ 1,118% |
| Recurring financial income75 | €3,972 | €4,647 | €1 | €659 | €8,030 | ▲ 1,118% |
| Non-recurring financial income76B | - | €207 | €0 | - | - | - |
| Financial charges65/66B | €23,319 | €24,657 | €1.7m | €43,777 | €48,954 | ▲ 11.8% |
| Recurring financial charges65 | €23,319 | €24,657 | €339,192 | €43,777 | €48,954 | ▲ 11.8% |
| Non-recurring financial charges66B | - | - | €1.3m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €55,894 | €137,616 | -€1.5m | €171,240 | €249,292 | ▲ 45.6% |
| Income taxes67/77 | €16,300 | €36,369 | €44,714 | €349 | €640 | ▲ 83.3% |
| Profit (loss) for the period9904 | €39,594 | €101,247 | -€1.5m | €170,892 | €248,652 | ▲ 45.5% |
| Profit (loss) for the period to be appropriated9905 | €39,594 | €101,247 | -€1.5m | €170,892 | €248,652 | ▲ 45.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €156,828 | €261,260 | €495,431 | ▲ 89.6% |
| Fixed assets21/28 | €1.0m | €1.0m | €54,967 | €64,257 | €138,924 | ▲ 116% |
| Tangible fixed assets22/27 | €2,974 | €33,794 | €38,217 | €45,132 | €103,674 | ▲ 130% |
| Plant, machinery and equipment23 | - | €6,341 | €5,660 | €4,980 | €4,300 | ▼ 13.7% |
| Furniture and vehicles24 | €2,974 | €2,300 | €3,801 | €12,098 | €7,755 | ▼ 35.9% |
| Leasing and similar rights25 | - | €25,154 | €19,335 | €13,517 | €70,263 | ▲ 420% |
| Other tangible fixed assets26 | - | - | €9,420 | €14,537 | €21,356 | ▲ 46.9% |
| Financial fixed assets28 | €1.0m | €1.0m | €16,750 | €19,125 | €35,250 | ▲ 84.3% |
| Current assets29/58 | €407,073 | €475,377 | €101,861 | €197,003 | €356,507 | ▲ 81.0% |
| Amounts receivable after more than one year29 | - | €359,890 | €0 | €60,000 | €80,000 | ▲ 33.3% |
| Other amounts receivable291 | - | €359,890 | €0 | €60,000 | €80,000 | ▲ 33.3% |
| Amounts receivable within one year40/41 | €368,059 | €30,901 | €49,588 | €30,237 | €74,913 | ▲ 148% |
| Trade receivables40 | €63,462 | €27,175 | €29,588 | €29,487 | €74,495 | ▲ 153% |
| Other amounts receivable41 | €304,598 | €3,725 | €20,000 | €750 | €418 | ▼ 44.2% |
| Current investments50/53 | €8,616 | €8,616 | €8,616 | €44,316 | €115,870 | ▲ 161% |
| Cash at bank and in hand54/58 | €29,683 | €68,268 | €35,689 | €54,207 | €84,061 | ▲ 55.1% |
| Deferred charges and accrued income490/1 | €715 | €7,703 | €7,967 | €8,243 | €1,664 | ▼ 79.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €156,828 | €261,260 | €495,431 | ▲ 89.6% |
| Equity10/15 | €132,305 | €33,552 | -€1.5m | -€1.3m | -€1.1m | ▲ 19.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €112,305 | €13,552 | -€1.5m | -€1.3m | -€1.1m | ▲ 18.8% |
| Amounts payable17/49 | €1.3m | €1.5m | €1.6m | €1.6m | €1.5m | ▼ 0.9% |
| Amounts payable after more than one year17 | €1.2m | €1.2m | €1.5m | €1.4m | €1.1m | ▼ 18.1% |
| Financial debts170/4 | €1.2m | €1.2m | €1.5m | €1.4m | €1.1m | ▼ 18.1% |
| Amounts payable within one year42/48 | €127,742 | €320,207 | €167,324 | €159,411 | €399,280 | ▲ 150% |
| Current portion of amounts payable after more than one year42 | €50,000 | €56,817 | €57,011 | €57,211 | €316,729 | ▲ 454% |
| Financial debts43 | €0 | €36 | €259 | €36 | €0 | ▼ 100% |
| Credit institutions430/8 | €0 | €36 | €259 | €36 | €0 | ▼ 100% |
| Trade debts44 | €1,905 | €3,021 | €7,778 | €6,929 | €3,311 | ▼ 52.2% |
| Suppliers440/4 | €1,905 | €3,021 | €7,778 | €6,929 | €3,311 | ▼ 52.2% |
| Taxes, remuneration and social security45 | €34,403 | €37,113 | €18,111 | €18,043 | €22,632 | ▲ 25.4% |
| Taxes450/3 | €33,332 | €36,055 | €16,931 | €16,749 | €21,194 | ▲ 26.5% |
| Remuneration and social security454/9 | €1,071 | €1,058 | €1,180 | €1,295 | €1,438 | ▲ 11.1% |
| Other amounts payable47/48 | €41,433 | €223,220 | €84,165 | €77,191 | €56,608 | ▼ 26.7% |
| Accrued charges and deferred income492/3 | - | €77 | €1,462 | €126 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,594 | €101,247 | -€1.5m | €170,892 | €248,652 | ▲ 45.5% |
| + Depreciation and write-downs630 | €5,015 | €6,133 | €9,252 | €9,593 | €18,845 | ▲ 96.4% |
| Operating cash flow (approximation) | €44,609 | €107,379 | -€1.5m | €180,485 | €267,497 | ▲ 48.2% |
| Investment in fixed assets (approximation) | - | -€36,953 | €969,576 | -€18,884 | -€93,512 | ▼ 395% |
| Change in cash | - | €38,585 | -€32,578 | €18,518 | €29,854 | ▲ 61.2% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €248,652 ▲45.5%
Operating result €290,216, net result €248,652, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €170,892
Net result €170,892 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.24
Current ratio from 0.61 to 1.24; short-term debt falls from €167,324 to €159,411.
25-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
25-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €132,305 ▲60%
3 profitable years in a row build equity to €132,305.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
State Gazette act
General meeting · Director reappointment
Director resignation · Director appointment
24-06
State Gazette act
General meeting · Director resignation
Other statement · Director in office
Financial milestoneState Gazette actNBB 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, Zwevegem · 1 establishment unit since 2019
Ground area
7,178 m²
Building footprint
551 m²
Volume, LiDAR
2,168 m³
Parcel 34042D0447/00F000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MOROXCO
since 20192.286.902.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042D0447/00F000 | Flanders | 7,178 m² | 1 · 551 m² | 6.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
49%
According to the 2023 annual accounts of MOROXCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,150 EUR awarded · 3,150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,150 EUR | 3,150 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500RI1TZLVLXNVB09
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 9,124 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
Founded04-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719795230
Also
9925:BE0719795230
Registered
06-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.