MORPHEA
ActiveSummary
The computed 12-month bankruptcy probability of MORPHEA is 5.2% (elevated). The 2024 annual accounts show equity of €82,653 and a net result of €1,214. Equity remains stable across the filed fiscal years (±2.3% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,273 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,463 | €48,199 | €52,424 | €54,602 | ▲ 4.2% |
| Other operating charges640/8 | €4,706 | €4,841 | €7,372 | €5,868 | ▼ 20.4% |
| Gross operating margin9900 | €62,089 | €77,735 | €83,934 | €84,595 | ▲ 0.8% |
| Operating profit (loss)9901 | €10,920 | €24,696 | €24,138 | €24,126 | = |
| Financial income75/76B | €1 | €0 | - | - | - |
| Recurring financial income75 | €1 | €0 | - | - | - |
| Financial charges65/66B | €21,215 | €21,779 | €22,233 | €22,791 | ▲ 2.5% |
| Recurring financial charges65 | €21,215 | €21,779 | €22,233 | €22,791 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | -€10,294 | €2,916 | €1,904 | €1,335 | ▼ 29.9% |
| Income taxes67/77 | -€987 | - | €173 | €121 | ▼ 29.9% |
| Profit (loss) for the period9904 | -€9,307 | €2,916 | €1,731 | €1,214 | ▼ 29.9% |
| Profit (loss) for the period to be appropriated9905 | -€9,307 | €2,916 | €1,731 | €1,214 | ▼ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €491,164 | €451,960 | €451,709 | €411,589 | ▼ 8.9% |
| Fixed assets21/28 | €464,094 | €447,662 | €434,444 | €383,568 | ▼ 11.7% |
| Tangible fixed assets22/27 | €464,094 | €447,662 | €434,444 | €383,568 | ▼ 11.7% |
| Land and buildings22 | €437,131 | €397,409 | €357,672 | €317,852 | ▼ 11.1% |
| Plant, machinery and equipment23 | €26,963 | €20,222 | €15,474 | €7,917 | ▼ 48.8% |
| Other tangible fixed assets26 | - | €30,030 | €61,298 | €57,799 | ▼ 5.7% |
| Current assets29/58 | €27,070 | €4,298 | €17,266 | €28,021 | ▲ 62.3% |
| Amounts receivable within one year40/41 | €419 | €190 | €3,481 | €3,000 | ▼ 13.8% |
| Other amounts receivable41 | €419 | €190 | €3,481 | €3,000 | ▼ 13.8% |
| Cash at bank and in hand54/58 | €25,479 | €3,581 | €12,304 | €21,857 | ▲ 77.6% |
| Deferred charges and accrued income490/1 | €1,172 | €527 | €1,481 | €3,164 | ▲ 114% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €491,164 | €451,960 | €451,709 | €411,589 | ▼ 8.9% |
| Equity10/15 | €76,792 | €79,709 | €81,440 | €82,653 | ▲ 1.5% |
| Contributions10/11 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Reserves13 | €930 | €76,609 | €78,340 | €79,553 | ▲ 1.5% |
| Non-distributable reserves130/1 | €930 | €930 | €930 | €930 | = |
| Reserves not available under the articles1311 | €930 | €930 | €930 | €930 | = |
| Distributable reserves133 | - | €75,679 | €77,410 | €78,623 | ▲ 1.6% |
| Profit (loss) carried forward14 | €72,762 | - | - | - | - |
| Amounts payable17/49 | €414,372 | €372,251 | €370,269 | €328,936 | ▼ 11.2% |
| Amounts payable after more than one year17 | €307,500 | €277,500 | €247,500 | €217,500 | ▼ 12.1% |
| Financial debts170/4 | €307,500 | €277,500 | €247,500 | €217,500 | ▼ 12.1% |
| Amounts payable within one year42/48 | €101,593 | €93,901 | €115,475 | €110,564 | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | €30,000 | €30,000 | €37,500 | €30,000 | ▼ 20.0% |
| Trade debts44 | €348 | - | €169 | €3,610 | ▲ 2,031% |
| Suppliers440/4 | €348 | - | €169 | €3,610 | ▲ 2,031% |
| Taxes, remuneration and social security45 | - | - | €173 | €294 | ▲ 70.1% |
| Taxes450/3 | - | - | €173 | €294 | ▲ 70.1% |
| Other amounts payable47/48 | €71,246 | €63,901 | €77,632 | €76,659 | ▼ 1.3% |
| Accrued charges and deferred income492/3 | €5,279 | €850 | €7,294 | €872 | ▼ 88.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,307 | €2,916 | €1,731 | €1,214 | ▼ 29.9% |
| + Depreciation and write-downs630 | €46,463 | €48,199 | €52,424 | €54,602 | ▲ 4.2% |
| Operating cash flow (approximation) | €37,156 | €51,115 | €54,155 | €55,816 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | -€31,766 | -€39,206 | -€3,727 | ▲ 90.5% |
| Change in cash | - | -€21,897 | €8,722 | €9,553 | ▲ 9.5% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0527/02L019 | Brussels | 1,317 m² | 1 · 195 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.