MorphIT
ActiveSummary
MorphIT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €104k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 45% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency80▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 16.75 in 2024; short-term debt: 45.3% and cash: 40.7% of total assets), and 45.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
54.7%
Return on assets
45.3%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
9 d early
2024
27 d late
2023
30 d late
2022
21 d early
2021
8 d late
2020
23 d early
2019
31 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▲ 3.4%
2024 · €122k
2018: €66klowest in 8 years
2019: €76k▲ +15.8% vs 2018
2020: €90k▲ +19.1% vs 2019
2021: €164k▲ +81.3% vs 2020highest in 8 years
2022: €78k▼ -52.5% vs 2021
2023: €119k▲ +53.4% vs 2022
2024: €122k▲ +1.9% vs 2023
2025: €126k▲ +3.4% vs 2024
2018 → 2025
Total assets
€230k▲ 77.7%
2024 · €129k
2018: €101k
2019: €116k▲ +14.9% vs 2018
2020: €111k▼ -3.7% vs 2019
2021: €177k▲ +59.1% vs 2020
2022: €85k▼ -51.7% vs 2021lowest in 8 years
2023: €131k▲ +53.5% vs 2022
2024: €129k▼ -1.4% vs 2023
2025: €230k▲ +77.7% vs 2024highest in 8 years
2018 → 2025
Net result
€104k▲ 3.9%
2024 · €100k
2018: €59k
2019: €10k▼ -82.6% vs 2018lowest in 8 years
2020: €15k▲ +40.5% vs 2019
2021: €61k▲ +321% vs 2020
2022: €57k▼ -6.9% vs 2021
2023: €92k▲ +60.9% vs 2022
2024: €100k▲ +9.6% vs 2023
2025: €104k▲ +3.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€126k▲ 3.4%
2024 · €122k
2018: €66klowest in 8 years
2019: €76k▲ +15.8% vs 2018
2020: €90k▲ +19.1% vs 2019
2021: €164k▲ +81.3% vs 2020highest in 8 years
2022: €78k▼ -52.5% vs 2021
2023: €119k▲ +53.4% vs 2022
2024: €122k▲ +1.9% vs 2023
2025: €126k▲ +3.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€164k-€78k▼ 52.5%€119k▲ 53.4%€122k▲ 1.9%€126k▲ 3.4%
2021: €164khighest in 5 years
2022: €78k▼ -52.5% vs 2021lowest in 5 years
2023: €119k▲ +53.4% vs 2022
2024: €122k▲ +1.9% vs 2023
2025: €126k▲ +3.4% vs 2024
Operating result€77k-€72k▼ 7.0%€117k▲ 63.0%€129k▲ 10.0%€134k▲ 3.6%
2021: €77k
2022: €72k▼ -7.0% vs 2021lowest in 5 years
2023: €117k▲ +63.0% vs 2022
2024: €129k▲ +10.0% vs 2023
2025: €134k▲ +3.6% vs 2024highest in 5 years
Net result€61k-€57k▼ 6.9%€92k▲ 60.9%€100k▲ 9.6%€104k▲ 3.9%
2021: €61k
2022: €57k▼ -6.9% vs 2021lowest in 5 years
2023: €92k▲ +60.9% vs 2022
2024: €100k▲ +9.6% vs 2023
2025: €104k▲ +3.9% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €230k
Equity
€126k ▲ 3.4%
Debt
€104k ▲ 1,247%
Debt's share of the balance-sheet total rises from 6.0% to 45.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.21▼
2024 · 16.75
Debt to equity
0.83▲
2024 · 0.06
ROE
82.8%▲
2024 · 82.4%
ROA
45.3%▼
2024 · 77.5%
Debt ≤ 1 year
€104k▲
2024 · €8k
Income taxes
€29k▲
2024 · €28k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129k€230k▲
Current assets29/58€129k€230k▲
Amounts receivable within one year40/41€22k€110k▲
Trade receivables40€20k€43k▲
Other amounts receivable41€2k€67k▲
Current investments50/53€20k€26k▲
Cash at bank and in hand54/58€88k€94k▲
Deferred charges and accrued income490/1-€57
Equity and liabilities
Total equity and liabilities10/49€129k€230k▲
Equity10/15€122k€126k▲
Contributions10/11€19k€19k=
Reserves13€103k€107k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€101k€105k▲
Amounts payable17/49€8k€104k▲
Amounts payable within one year42/48€8k€104k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€2k€100k▲
Income statement
Code20242025
Other operating charges640/8€331€595▲
Gross operating margin9900€129k€134k▲
Operating profit (loss)9901€129k€134k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€466€366▼
Recurring financial charges65€466€366▼
Profit (loss) for the period before taxes9903€128k€133k▲
Income taxes67/77€28k€29k▲
Profit (loss) for the period9904€100k€104k▲
Profit (loss) for the period to be appropriated9905€100k€104k▲
Appropriation of the result
Profit (loss) to be appropriated9906€100k€104k▲
Transfer from equity791/2€98k€100k▲
Transfer to equity691/2€100k€104k▲
To other reserves6921€100k€104k▲
Profit to be distributed694/7€98k€100k▲
Return on contributions (dividend)694€98k€100k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €449 | €1k | €184 | €331 | €595 | ▲ 79.6% |
| Gross operating margin9900 | €78k | €73k | €117k | €129k | €134k | ▲ 3.8% |
| Operating profit (loss)9901 | €77k | €72k | €117k | €129k | €134k | ▲ 3.6% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €216 | €353 | €333 | €466 | €366 | ▼ 21.5% |
| Recurring financial charges65 | €216 | €353 | €333 | €466 | €366 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | €77k | €72k | €117k | €128k | €133k | ▲ 3.7% |
| Income taxes67/77 | €16k | €15k | €25k | €28k | €29k | ▲ 3.2% |
| Profit (loss) for the period9904 | €61k | €57k | €92k | €100k | €104k | ▲ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €61k | €57k | €92k | €100k | €104k | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177k | €85k | €131k | €129k | €230k | ▲ 77.7% |
| Current assets29/58 | €177k | €85k | €131k | €129k | €230k | ▲ 77.7% |
| Amounts receivable after more than one year29 | €86k | - | - | - | - | - |
| Other amounts receivable291 | €86k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €15k | €15k | €51k | €22k | €110k | ▲ 404% |
| Trade receivables40 | €14k | €15k | €13k | €20k | €43k | ▲ 114% |
| Other amounts receivable41 | €152 | €58 | €39k | €2k | €67k | ▲ 3,620% |
| Current investments50/53 | €2k | €8k | €14k | €20k | €26k | ▲ 30.3% |
| Cash at bank and in hand54/58 | €75k | €63k | €66k | €88k | €94k | ▲ 6.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €57 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177k | €85k | €131k | €129k | €230k | ▲ 77.7% |
| Equity10/15 | €164k | €78k | €119k | €122k | €126k | ▲ 3.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €145k | €59k | €101k | €103k | €107k | ▲ 4.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €143k | €57k | €99k | €101k | €105k | ▲ 4.1% |
| Amounts payable17/49 | €13k | €8k | €12k | €8k | €104k | ▲ 1,247% |
| Amounts payable within one year42/48 | €13k | €8k | €12k | €8k | €104k | ▲ 1,247% |
| Trade debts44 | €14 | - | - | - | - | - |
| Suppliers440/4 | €14 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €13k | €7k | €12k | €6k | €4k | ▼ 26.9% |
| Taxes450/3 | €13k | €7k | €12k | €6k | €4k | ▼ 26.9% |
| Other amounts payable47/48 | - | €266 | - | €2k | €100k | ▲ 4,482% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €57k | €92k | €100k | €104k | ▲ 3.9% |
| Operating cash flow (approximation) | €61k | €57k | €92k | €100k | €104k | ▲ 3.9% |
| Change in cash | - | €-12k | €3k | €22k | €6k | ▼ 72.9% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €104k ▲3.9%
Operating result €134k, net result €104k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €119k ▲53.4%
6 profitable years in a row build equity to €119k.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 13.43
Current ratio from 5.32 to 13.43; short-term debt falls from €21k to €13k.
31-12
Financial
Equity above €150kEq €164k ▲81.3%
4 profitable years in a row build equity to €164k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €10k ▼82.6%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB 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, Kontich · 1 establishment unit since 2017
Ground area
1,097 m²
Building footprint
246 m²
Volume, LiDAR
1,046 m³
Parcel 11024F0213/00L002, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MorphIT
since 20172.264.046.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0213/00L002 | Flanders | 1,097 m² | 1 · 246 m² | 5.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
6994004QYJYXJO3CL635
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,923 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 (pre-2019)
Founded27-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.