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MORPHO

Inactive
KBO/BCE: BE 0447.941.050

Inactive; last annual accounts for financial year 2025. Dissolved and wound up in a single deed on 12-11-2025; no liquidator appointed; books and records kept in Liège (5 years).

MORPHOInactive

Overview

Activity
Activity not known
Size
€566,186total assets 2025
Equity
€0
Loss
-€2,735
Financial health
Inactive: no score
Structure
1 of 11 deeds read
SignalsneutralFiled after the deadlineShow the evidence

Signals

1 signal.
neutral
neutral · Filed after the deadline
The financial year that closed on 12-11-2025 was due by 12-06-2026 and was filed on 10-07-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
5 days late
2023
30 days late
2022
16 days late
2021
4 days late
2020
33 days early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. End & cessationAuditor report · Dissolution ·…
  3. Annual accounts filedfinancial year 2024 · full…

Financials · financial year 2025, full format

2025 annual accounts filed late (28 days) Filed on 10 July 2026, deadline 12 June 2026 (7 months after the close on 12 November 2025, Companies Code art. 3:10). Source: NBB, 2026-00279998.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,735
2024 · €4,190
Working capital
€4▼ 100.0%
2024 · €786,210
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €10,344 in 2025 against €10,759 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.01m 2025 Net result-€0.003m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.009m▼ 71.5%€0.01m▲ 37.7%€0.003m▼ 76.0%-€0.006m-€0.009m▼ 70.8%-€0.01m▼ 13.5%-€0.01m▲ 3.9%
Net result€0.02m-€0.006m▼ 69.5%€0.01m▲ 49.9%€0.002m▼ 81.9%-€0.2m€0.4m€0.004m▼ 98.9%-€0.003m
Equity€1.2m-€1.2m▲ 0.6%€1.2m▲ 0.8%€1.2m▲ 0.1%€0.4m▼ 62.9%€0.8m▲ 80.3%€0.8m▲ 0.5%€0▼ 100%
Total assets€1.2m-€1.2m▼ 0.1%€1.4m▲ 12.6%€1.2m▼ 11.1%€0.8m▼ 35.2%€0.9m▲ 10.2%€0.8m▼ 4.5%€0.6m▼ 31.6%
Debt€0.06m-€0.05m▼ 12.4%€0.2m▲ 268%€0.04m▼ 77.9%€0.4m▲ 710%€0.08m▼ 76.1%€0.04m▼ 51.5%€0.6m▲ 1,280%
Working capital€0.2m-€0.2m▲ 3.4%€0.2m▲ 4.8%€0.2m▲ 0.8%€0.4m▲ 97.7%€0.8m▲ 80.6%€0.8m▲ 0.5%€4▼ 100.0%
Staff (FTE)0000
Key figures and ratios
2025 value · change against 2024
EBITDA
-€10,344▲
2024 · -€10,688
Cash flow
-€2,735▼
2024 · €4,261
Solvency
0.0%▼
2024 · 95.0%
Current ratio
1.00▼
2024 · 20.16
ROA
-0.5%▼
2024 · 0.5%
Interest coverage
-268.67▼
2024 · -254.47
Debt ≤ 1 year
€566,182▲
2024 · €41,031
Income taxes
€0▼
2024 · €410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€827,779€566,186▼
Fixed assets21/28€539€0▼
Intangible fixed assets21€539€0▼
Current assets29/58€827,240€566,186▼
Amounts receivable within one year40/41€1,493€7,511▲
Other amounts receivable41€1,493€7,511▲
Current investments50/53€764,395€0▼
Cash at bank and in hand54/58€52,429€558,675▲
Deferred charges and accrued income490/1€8,924€0▼
Equity and liabilities
Total equity and liabilities10/49€827,779€566,186▼
Equity10/15€786,749€0▼
Contributions10/11€100,000€0▼
Capital10€100,000€0▼
Issued capital100€100,000€0▼
Reserves13€627,107€0▼
Non-distributable reserves130/1€229,395€0▼
Legal reserve130€10,000€0▼
Own shares acquired1312€219,395€0▼
Distributable reserves133€397,712€0▼
Profit (loss) carried forward14€59,642€0▼
Amounts payable17/49€41,031€566,186▲
Amounts payable within one year42/48€41,031€566,182▲
Trade debts44€1,267€1,161▼
Suppliers440/4€1,267€1,161▼
Taxes, remuneration and social security45€39,764€403▼
Taxes450/3€39,764€403▼
Other amounts payable47/48€0€564,619▲
Accrued charges and deferred income492/3-€4
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71€0▼
Other operating charges640/8€607€0▼
Non-recurring operating charges66A-€539
Gross operating margin9900-€10,081-€9,804▲
Operating profit (loss)9901-€10,759-€10,344▲
Financial income75/76B€15,401€7,648▼
Recurring financial income75€8,949€7,648▼
Non-recurring financial income76B€6,452€0▼
Financial charges65/66B€42€39▼
Recurring financial charges65€42€39▼
Profit (loss) for the period before taxes9903€4,600-€2,735▼
Income taxes67/77€410€0▼
Profit (loss) for the period9904€4,190-€2,735▼
Profit (loss) for the period to be appropriated9905€4,190-€2,735▼
Appropriation of the result
Profit (loss) to be appropriated9906€63,742€56,907▼
Profit (loss) brought forward from the previous period14P€59,552€59,642▲
Transfer from equity791/2-€490,701
Transfer to equity691/2€4,100€0▼
To other reserves6921€4,100€0▼
Profit to be distributed694/7€0€547,608▲
Return on contributions (dividend)694€0€547,608▲
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€325€325€325-€30€71€71€0▼ 100%
Other operating charges640/8---€1,088€1,088€1,180€607€0▼ 100%
Non-recurring operating charges66A-------€539-
Gross operating margin9900€34,825€10,876€14,220€4,211-€4,432-€8,227-€10,081-€9,804▲ 2.7%
Operating profit (loss)9901€33,192€9,463€13,027€3,123-€5,550-€9,478-€10,759-€10,344▲ 3.9%
Financial income75/76B-----€442,400€15,401€7,648▼ 50.3%
Recurring financial income75-----€442,400€8,949€7,648▼ 14.5%
Non-recurring financial income76B-----€442,400€6,452€0▼ 100%
Financial charges65/66B---€21€235,788€47€42€39▼ 8.3%
Recurring financial charges65€831€314€124€21€35€47€42€39▼ 8.3%
Non-recurring financial charges66B----€235,753€0---
Profit (loss) for the period before taxes9903€32,361€9,149€12,903€3,101-€241,338€432,875€4,600-€2,735-
Income taxes67/77€11,273€2,710€3,250€1,358€493€39,263€410€0▼ 100%
Profit (loss) for the period9904€21,088€6,439€9,653€1,744-€241,831€393,612€4,190-€2,735-
Profit (loss) for the period to be appropriated9905€21,088€6,439€9,653€1,744-€241,831€393,612€4,190-€2,735-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.2m€1.2m€1.4m€1.2m€0.8m€0.9m€0.8m€0.6m▼ 31.6%
Fixed assets21/28€1.0m€1.0m€1.0m€1.0m€0.001m€0.001m€0.001m€0▼ 100%
Intangible fixed assets21€0.001m€325--€0.001m€0.001m€0.001m€0▼ 100%
Financial fixed assets28€1.0m€1.0m€1.0m€1.0m€196€0---
Current assets29/58€0.3m€0.3m€0.4m€0.3m€0.8m€0.9m€0.8m€0.6m▼ 31.6%
Amounts receivable within one year40/41€0.04m€0.04m€0.2m€0.04m€0.3m€0.3m€0.001m€0.008m▲ 403%
Trade receivables40---€0.04m€0----
Other amounts receivable41---€9€0.3m€0.3m€0.001m€0.008m▲ 403%
Current investments50/53€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.8m€0▼ 100%
Cash at bank and in hand54/58€0.007m€0.004m€0.001m€0.005m€0.3m€0.2m€0.05m€0.6m▲ 966%
Deferred charges and accrued income490/1-----€0.2m€0.009m€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m€1.4m€1.2m€0.8m€0.9m€0.8m€0.6m▼ 31.6%
Equity10/15€1.2m€1.2m€1.2m€1.2m€0.4m€0.8m€0.8m€0▼ 100%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0▼ 100%
Capital10---€0.1m€0.1m€0.1m€0.1m€0▼ 100%
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0▼ 100%
Reserves13€0.2m€0.2m€0.2m€0.2m€0.2m€0.6m€0.6m€0▼ 100%
Non-distributable reserves130/1---€0.2m€0.2m€0.2m€0.2m€0▼ 100%
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0▼ 100%
Own shares acquired1312---€0.2m€0.2m€0.2m€0.2m€0▼ 100%
Distributable reserves133-----€0.4m€0.4m€0▼ 100%
Profit (loss) carried forward14€0.8m€0.8m€0.8m€0.8m€0.1m€0.06m€0.06m€0▼ 100%
Amounts payable17/49€0.06m€0.05m€0.2m€0.04m€0.4m€0.08m€0.04m€0.6m▲ 1,280%
Amounts payable within one year42/48€0.06m€0.05m€0.2m€0.04m€0.4m€0.08m€0.04m€0.6m▲ 1,280%
Trade debts44€0.04m€0.04m€0.2m€0.04m€0.001m€180€0.001m€0.001m▼ 8.4%
Suppliers440/4---€0.04m€0.001m€180€0.001m€0.001m▼ 8.4%
Taxes, remuneration and social security45---€0.005m€0.002m€0.04m€0.04m€403▼ 99.0%
Taxes450/3---€0.005m€0.002m€0.04m€0.04m€403▼ 99.0%
Other amounts payable47/48----€0.4m€0.05m€0€0.6m-
Accrued charges and deferred income492/3-------€4-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€21,088€6,439€9,653€1,744-€241,831€393,612€4,190-€2,735-
+ Depreciation and write-downs630€325€325€325-€30€71€71€0▼ 100%
Operating cash flow (approximation)€21,413€6,764€9,978€1,744-€241,801€393,683€4,261-€2,735-
Investment in fixed assets (approximation)-€0€0€0€950,331€196€0€539-
Change in cash--€2,612-€2,889€3,051€298,607-€108,479-€142,226€506,247-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference
12-11-2025 full format 10-07-2026 2026-00279998
31-12-2024 full format 05-08-2025 2025-00370153
31-12-2023 full format 30-08-2024 2024-00404247
31-12-2022 full format 16-08-2023 2023-00329597
31-12-2021 full format 04-08-2022 2022-20268445
31-12-2020 full format 28-06-2021 2021-24800583
31-12-2019 full format 24-07-2020 2020-33100037
31-12-2018 full format 16-07-2019 2019-32800077
31-12-2017 full format 31-07-2018 2018-40100133
31-12-2016 full format 07-07-2017 2017-27900383

Show all 33 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 11 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Holdings and subsidiaries

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2021 annual accounts of MORPHO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

No directors read yet: 1 of 11 Gazette acts processed.

History

Total assets went from €1.2m in 2018 to €566,186 in 2025.1 In 2025 MORPHO was dissolved and its liquidation closed in a single deed.2

  1. 1National Bank, annual accounts 2018 and 2025
  2. 2Belgian Official Gazette, 19-01-2026

Acts, filings and financial milestones

2026
10-07
NBB filing Annual accounts filed
financial year 2025 · full format · 28 days late
19-01
Gazette deed End & cessation
Auditor report · Dissolution · Power of attorney9 facts ▸
  • General meeting, 12-11-2025
  • Auditor report, 06-11-2025
  • Other provision, “Herstal, société notariale d'exercice du notaire instrumentant” (deed in French)
  • Dissolution, 12-11-2025
  • Other provision, “obligation d'établir les comptes annuels pour l'exercice se terminant avec la dissolution, la dissolution entraîne la clôture de l'exercice” (deed in French)
  • Other provision, “constatations préalables à la clôture” (deed in French)
  • Power of attorney, Philippe HENRARD
  • Net-asset statement, 31-10-2025
  • Liquidation closure, 12-11-2025
2025
05-08
NBB filing Annual accounts filed
financial year 2024 · full format · 5 days late
2024
30-08
NBB filing Annual accounts filed
financial year 2023 · full format · 30 days late
2023
31-12
Financial Back to profitnet €393,612
Net result €393,612 after one loss-making year.
31-12
Financial Liquidity more than quadruplescurrent ratio 10.25
Current ratio from 2.23 to 10.25; short-term debt falls from €353,244 to €84,541.
31-12
Financial Equity above €500,000equity €782,559 ▲80.3%
Equity rises from €433,947 to €782,559.
16-08
NBB filing Annual accounts filed
financial year 2022 · full format · 16 days late
2022
31-12
Financial Weakest financial yearnet -€241,831
Net result drops to -€241,831, the lowest in the series.
04-08
NBB filing Annual accounts filed
financial year 2021 · full format · 4 days late
2021
31-12
Financial Liquidity more than doubledcurrent ratio 6.02
Current ratio from 2.10 to 6.02; short-term debt falls from €197,200 to €43,610.
28-06
NBB filing Annual accounts filed
financial year 2020 · full format
Show earlier events
2020
24-07
NBB filing Annual accounts filed
financial year 2019 · full format
2019
16-07
NBB filing Annual accounts filed
financial year 2018 · full format
2018
31-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
07-07
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 33 annual accounts filed, the latest 10 are here; all 33 are under Financials.
1 of 11 deeds read
About the unread acts

Of the 11 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.

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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Articles of association

Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
“4020 Liège, Rue du Homvent, 42, 5” (deed in French)

Read from the deeds: 1 provision, deed of 19-01-2026