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MorphIT

Active Private limited company (pre-2019)founded 2017active for 9 yearsTulpenlaan 51, 2550 KontichKBO/BCE: BE 0674.884.626
MorphIT
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Overview

Lifetime

8 annual accounts with figures on one time axis
peak €141,116 (2018)
€134,234▲ 3.8%
peak €104,172 (2025)
€104,172▲ 3.9%
peak €163,931 (2021)
€125,837▲ 3.4%
€104,048▲ 13×
peak 1 FTE (2018)
-not published
Board1 name since 2017
1 directorGYSELINCK Luc
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Dividend €100,000Debts from €7,722 to €104,048

Key points

from the 2025 annual accounts

Equity

€125,837 ▲ 3.4%
121,6652024+104,172Profit-100,000Dividend125,8372025

MorphIT paid out €100,000 in dividends. That is 96% of the 2025 profit.

Liquidity

2.21 was 16.75 in 2024

Short-term debts rose from €7,722 to €104,048.

Filings

8 annual accounts 4 late
AprilJune31 JulyOctober20202025

The 2023 accounts came latest: 30 days after the end of the period.

Checked score

95
Excellent
Financially stronger than 60% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

80-20equity 54.7% of total assets
78-22short-term debt 45.3% · cash 40.7%
100=return on assets 45.3%

Score breakdown

lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 2.21, cash €93,587
Size: total assets €229,885
Equity €125,837 (54.7% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 47% of them on solvency, 61% on liquidity, 82% on profitability and 48% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as MorphIT has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MorphIT itself is lower: < 0.1% within 12 months. It rests on far more data about MorphIT than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for MorphIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €11,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.21 (16.75 in 2024), above the usual 1.5. Short-term debt is 45.3% and cash 40.7% of total assets. 45.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Liquidity: current ratio 2.21, cash €93,587
NBB · annual accounts
lowers risk · Size: total assets €229,885
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €125,837 (54.7% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
9 days early
2024
27 days late
2023
30 days late
2022
21 days early
2021
8 days late
2020
23 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GL
GYSELINCK Luc
Director, since 25-04-2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0674884626
Registered office moved from Mortsel to Kontich New registered office: Tulpenlaan 51, 2550 Kontich · Previous registered office: Mechelsesteenweg 99, 2640 Mortsel · Board meeting of 20-08-2019 · Gazette deed
Incorporation published on 02-05-2017 · Gazette deed
First establishment Tulpenlaan 51, Kontich
All 16 events

Comparable companies

same main activity, similar in size and age
Company
MorphIT Kontich €229,885 €134,234 54.7% -
ValcoSoft Westerlo €235,117 €155,761 59.0% -
Arctic IT Antwerp €208,202 €120,654 43.1% -
Crossworx Edegem €216,491 €134,156 43.2% -
ICE-Q Hove €221,387 €123,731 9.2% -
DOUGLAB Kortrijk €226,149 €126,451 53.8% 3
COWNECTED Forest €255,494 €134,820 75.6% -

These companies have the same main activity as MorphIT: computer programming (NACE 62100). They are comparable in size and age: total assets between €208,000 and €255,000, founded between 2015 and 2018.

Official details

Source: KBO
Status
Active since 27-04-2017Normal situation
Activity
Computer programmingNACE 62100
Establishment unit
2.264.046.0192550 Kontich, since 27-04-2017
Financial year end
31 December
Peppol
Reachable since 08-01-2025
Company details

Annual accounts 2025

€134,234▲ 3.8%
≈ €190,000estimated
€104,172▲ 3.9%
€125,837▲ 3.4%
€229,885▲ 77.7%
Filing
Filed on 22-07-2026, 9 days before the end of the filing period
Financials

Insights on MorphIT

MorphIT files the micro format. That format states no turnover. The gross margin fell from €141,116 in 2018 to €134,234 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 22-07-2026, 9 days before the deadline
€134,234
▲ 3.8%
€133,639
▲ 3.6%
€104,172
▲ 3.9%
€125,837
▲ 3.4%
54.7%
▼ 39.3 percentage points
2.21
▼ 14.55

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €190,000. Estimated: probably between €170,000 and €280,000.

Balance sheet

balance sheet total €229,885 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

54.7%

Higher than 45% of 21,208 companies in 2025.

2.21

Higher than 46% of 20,571 companies in 2025.

45.3%

Higher than 82% of 20,746 companies in 2025.

MorphIT Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 229,885129,387131,19285,465177,122111,331115,622100,585
29/58 229,885129,387131,19285,465177,122111,331115,622100,585
29 ----86,00070,00070,00040,000
291 ----86,00070,00070,00040,000
40/41 110,43821,92251,41614,59114,59014,31713,53921,007
40 43,05220,11012,78814,53214,43814,3179,85912,280
41 67,3861,81238,62858152-3,6808,727
50/53 25,80319,80313,9717,9821,996---
54/58 93,58787,66265,80662,89374,53627,01431,86439,578
490/1 57-----219-
Balance sheet: equity and liabilities
10/49 229,885129,387131,19285,465177,122111,331115,622100,585
10/15 125,837121,665119,37577,827163,93190,42075,88865,544
10/11 18,60018,60018,60018,60018,6006,2006,2006,200
100 ------18,60018,600
101 ------12,40012,400
13 107,237103,065100,77559,227145,33184,22069,68859,344
130/1 1,8601,8601,8601,8601,8601,860--
130 ------1,8601,860
1311 1,8601,8601,8601,8601,8601,860--
133 105,377101,20598,91557,367143,47182,36067,82857,484
17/49 104,0487,72211,8177,63813,19120,91139,73535,040
42/48 104,0487,72211,8177,63813,19120,91139,73535,040
44 ----14772,2562,191
440/4 ----14772,2562,191
45 4,0485,54011,8177,37213,17714,83237,47932,849
450/3 4,0485,54011,8177,37213,17714,83231,26026,784
454/9 ------6,2196,065
47/48 100,0002,182-266-6,002--
Income statement
9900 134,234129,275117,38272,90477,76324,62855,052141,116
62 -----4,76740,34354,135
640/8 5953311841,0054495231,129868
9901 133,639128,944117,19871,90077,31419,33813,57986,113
75/76B -0------
75 -0------
65/66B 366466333353216201160285
65 366466333353216201160285
9903 133,273128,479116,86671,54777,09919,13713,41985,828
67/77 29,10128,18825,31814,65015,9884,6053,07626,484
9904 104,172100,29091,54756,89661,11114,53210,34359,344
9905 104,172100,29091,54756,89661,11114,53210,34359,344
Appropriation of the result
9906 104,172100,29091,54756,89661,11114,53210,34359,344
791/2 100,00098,00050,000143,000----
691/2 104,172100,29091,54756,89661,11114,53210,34359,344
6920 -------1,860
6921 104,172100,29091,54756,89661,11114,53210,34357,484
694/7 100,00098,00050,000143,000----
694 100,00098,00050,000143,000----
Social balance sheet
9087 -----111
Hours worked1013 -----151,7632,265
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 22-07-2026 2026-00317118 PDF
31-12-2024 micro format 27-08-2025 2025-00412107 PDF
31-12-2023 micro format 30-08-2024 2024-00404732 PDF
31-12-2022 micro format 10-07-2023 2023-00218388 PDF
31-12-2021 micro format 08-08-2022 2022-20275829 PDF
31-12-2020 micro format 08-07-2021 2021-33200399 PDF
31-12-2019 micro format 30-06-2020 2020-22500047 PDF
31-12-2018 micro format 01-08-2019 2019-41700596 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
5,92521,8572,913-11,64447,522-4,850-7,714-
125,837121,665119,37577,827163,93190,42075,88865,544
54.7%94.0%91.0%91.1%92.6%81.2%65.6%65.2%
2.2116.7511.1011.1913.435.322.912.87
0.830.060.100.100.080.230.520.53
82.8%82.4%76.7%73.1%37.3%16.1%13.6%90.5%
45.3%77.5%69.8%66.6%34.5%13.1%8.9%59.0%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MorphIT

The operating result for 2025 is 4% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total rises from 6.0% to 45.3%. Equity and debt are higher.

Board & ownership

Board

1 director
GYSELINCK Luc
Director
since 25-04-2017
listed in the 2025 annual accounts, filed on 22-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
GYSELINCK Luc
Director
Board
Mandates as a list
  • GYSELINCK Luc
    • Director, from 25-04-2017 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Network & group

No group

MorphIT has no parent and no holdings in its annual accounts. GYSELINCK Luc is the only director. MorphIT shares no director with another company.

The LEI register names no parent.

Timeline

Timeline

16 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 9 days before the deadline
2025
Highest result from 2018 to 2025 net €104,172 ▲3.9% The operating result of €133,639 and the net result of €104,172 are both a record.
Annual accounts 2024 filed PDFmicro format · 27 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0674884626
2024
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Annual accounts 2022 filed PDFmicro format · 21 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 8 days late
2021
Liquidity more than doubled current ratio 13.43 The current ratio rises from 5.32 to 13.43. Short-term debt falls from €20,911 to €13,191.
Equity above €150,000 equity €163,931 ▲81.3% With a profit in every financial year since 2018, equity grows to €163,931.
Annual accounts 2020 filed PDFmicro format · 23 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 31 days before the deadline
2019
Weakest financial year net €10,343 ▼82.6% The net result drops to €10,343, the lowest from 2018 to 2025. It recovers the following year.
Registered office moved from Mortsel to KontichNew registered office: Tulpenlaan 51, 2550 Kontich · Previous registered office: Mechelsesteenweg 99, 2640 Mortsel · Board meeting of 20-08-20192 points ▸
  • Board meeting, 20-08-2019
  • Registered-office move, Tulpenlaan 51, 2550 Kontich

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 1 day late
2017
Incorporation PDFpublished on 02-05-2017
First establishment Tulpenlaan 51, Kontich

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MorphIT was incorporated on 27 April 2017.1 The registered office was moved to Kontich in 2019.2 Total assets rose from €100,585 in 2018 to €229,885 in 2025 and headcount from 1 full-time equivalents in 2018 to 1 in 2020.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-09-2019
  3. 3National Bank, annual accounts 2018, 2020 and 2025

Company details

Identity

Enterprise number
0674.884.626
VAT number
BE 0674.884.626
Peppol ID
0208:0674884626
Other Peppol ID
9925:BE0674884626
LEI code
6994004QYJYXJO3CL635 live in the LEI register
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
27-04-2017
Financial year
ends on 31 December
Peppol
Reachable since 08-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MorphIT in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
62100 Computer programming main activity
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Tulpenlaan 51 registered office 2550 Kontich 27-04-2017 2.264.046.019
1 former office
  • Mechelsesteenweg 99, 2640 Mortsel until 17-09-2019 · deed of 27-09-2019

Buildings and parcels at the address

Ground area
1,097 m²
Buildings
246 m²
Volume, LiDAR
1,046 m³
Tallest building
5.8 m
Buildings to scale, each on its own parcel
246 m², 5.8 m 246 m², 5.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11024F0213/00L0021,097 m² 1 · 246 m² 5.8 m · 1

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