Summary
Morré is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €95,711 and a net result of €67,116. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 3,038 sector peers (NACE 66, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
In the rankings
#5 oldest company in Nijlen, Finance and insurance sector
Equity
€95,711▲ 235%
2024 · €28,595
Net result
€67,116▲ 31.6%
2024 · €51,006
Total assets
€392,297▼ 10.6%
2024 · €438,920
Solvency
24.4%▲ 17.9pp
2024 · 6.5%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€93,743
2025
Net result€67,116
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€392,297
2025
Equity€95,711
2025
Debt€296,586
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€200,383
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)17.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency24.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.58
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€10,838-€59,344▲ 448%€106,252▲ 79.0%€182,421▲ 71.7%€103,518▼ 43.3%€26,893▼ 74.0%€76,643▲ 185%€93,743▲ 22.3%
Net result-€255-€44,265€86,353within the sector's middle half▲ 95.1%€146,662above the sector's middle half▲ 69.8%€81,955above the sector's middle half▼ 44.1%€12,089within the sector's middle half▼ 85.2%€51,006within the sector's middle half▲ 322%€67,116within the sector's middle half▲ 31.6%
Equity€142,353-€37,118▼ 73.9%€83,865below the sector's middle half▲ 126%€170,527within the sector's middle half▲ 103%€192,482within the sector's middle half▲ 12.9%€32,589below the sector's middle half▼ 83.1%€28,595below the sector's middle half▼ 12.3%€95,711within the sector's middle half▲ 235%
Total assets€312,473-€213,422▼ 31.7%€252,475below the sector's middle half▲ 18.3%€364,225within the sector's middle half▲ 44.3%€709,278above the sector's middle half▲ 94.7%€513,893within the sector's middle half▼ 27.5%€438,920within the sector's middle half▼ 14.6%€392,297within the sector's middle half▼ 10.6%
Debt€170,120-€176,304▲ 3.6%€168,610▼ 4.4%€193,698▲ 14.9%€516,796▲ 167%€481,304▼ 6.9%€410,326▼ 14.7%€296,586▼ 27.7%
Working capital€117,139-€19,007▼ 83.8%€74,202within the sector's middle half▲ 290%€169,190above the sector's middle half▲ 128%€193,938above the sector's middle half▲ 14.6%€74,127within the sector's middle half▼ 61.8%€106,411within the sector's middle half▲ 43.6%€200,383above the sector's middle half▲ 88.3%
Solvency45.6%-17.4%▼ 28.2pp33.2%within the sector's middle half▲ 15.8pp46.8%within the sector's middle half▲ 13.6pp27.1%within the sector's middle half▼ 19.7pp6.3%below the sector's middle half▼ 20.8pp6.5%below the sector's middle half▲ 0.2pp24.4%within the sector's middle half▲ 17.9pp
Current ratio2.40-1.16▼ 1.241.57within the sector's middle half▲ 0.411.99within the sector's middle half▲ 0.422.19within the sector's middle half▲ 0.201.43within the sector's middle half▼ 0.761.71within the sector's middle half▲ 0.283.58within the sector's middle half▲ 1.86
Return on assets (ROA)-0.1%-20.7%▲ 20.8pp34.2%above the sector's middle half▲ 13.5pp40.3%above the sector's middle half▲ 6.1pp11.6%within the sector's middle half▼ 28.7pp2.4%within the sector's middle half▼ 9.2pp11.6%within the sector's middle half▲ 9.3pp17.1%within the sector's middle half▲ 5.5pp
Staff (FTE)2.2-2.2=2.2within the sector's middle half=2.2=3.2▲ 45.5%2.8▼ 12.5%2.8=3.1▲ 10.7%
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392,297
Fixed assets
€114,195 ▼ 37.7%
Current assets
€278,102 ▲ 8.8%
Equity and liabilities €392,297
Equity
€95,711 ▲ 235%
Debt
€296,586 ▼ 27.7%
Debt's share of the balance-sheet total falls from 93.5% to 75.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
70.1%▼
2024 · 178.4%
Debt ≤ 1 year
€77,720▼
2024 · €149,143
Debt > 1 year
€218,867▼
2024 · €261,183
Income taxes
€19,242▼
2024 · €19,931
Staff costs
€204,161▲
2024 · €188,997
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €7,000 | €1,000 | €1,292 | ▲ 29.2% |
| Remuneration, social security and pensions62 | - | - | - | €133,181 | €209,263 | €193,378 | €188,997 | €204,161 | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,755 | €37,351 | €26,299 | €25,911 | €73,769 | €91,784 | €85,400 | €87,165 | ▲ 2.1% |
| Other operating charges640/8 | - | - | - | €3,426 | €3,141 | €2,629 | €1,480 | €1,617 | ▲ 9.3% |
| Gross operating margin9900 | €176,799 | €227,040 | €260,090 | €344,940 | €389,691 | €314,684 | €352,520 | €386,685 | ▲ 9.7% |
| Operating profit (loss)9901 | €10,838 | €59,344 | €106,252 | €182,421 | €103,518 | €26,893 | €76,643 | €93,743 | ▲ 22.3% |
| Financial income75/76B | - | - | - | - | €347 | €168 | €614 | - | - |
| Recurring financial income75 | €568 | €491 | €327 | - | €347 | €168 | €1 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €613 | - | - |
| Financial charges65/66B | - | - | - | €1,320 | €3,671 | €4,081 | €6,321 | €7,385 | ▲ 16.8% |
| Recurring financial charges65 | €2,065 | €1,497 | €2,064 | €1,320 | €3,671 | €4,081 | €114 | €7,385 | ▲ 65× |
| Non-recurring financial charges66B | - | - | - | - | - | - | €6,206 | - | - |
| Profit (loss) for the period before taxes9903 | €9,340 | €58,338 | €104,515 | €181,101 | €100,194 | €22,980 | €70,936 | €86,358 | ▲ 21.7% |
| Income taxes67/77 | €9,595 | €14,073 | €18,162 | €34,439 | €18,239 | €10,890 | €19,931 | €19,242 | ▼ 3.5% |
| Profit (loss) for the period9904 | -€255 | €44,265 | €86,353 | €146,662 | €81,955 | €12,089 | €51,006 | €67,116 | ▲ 31.6% |
| Profit (loss) for the period to be appropriated9905 | -€255 | €44,265 | €86,353 | €146,662 | €81,955 | €12,089 | €51,006 | €67,116 | ▲ 31.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €312,473 | €213,422 | €252,475 | €364,225 | €709,278 | €513,893 | €438,920 | €392,297 | ▼ 10.6% |
| Fixed assets21/28 | €111,681 | €75,253 | €48,063 | €24,223 | €352,007 | €267,648 | €183,367 | €114,195 | ▼ 37.7% |
| Intangible fixed assets21 | - | - | - | - | €337,315 | €257,315 | €177,315 | €97,315 | ▼ 45.1% |
| Tangible fixed assets22/27 | €111,681 | €75,253 | €48,063 | €24,223 | €14,692 | €10,333 | €6,052 | €16,880 | ▲ 179% |
| Plant, machinery and equipment23 | - | - | - | €1,125 | €1,408 | €7,296 | €4,484 | €2,362 | ▼ 47.3% |
| Furniture and vehicles24 | - | - | - | €2,672 | €2,507 | €1,509 | €1,568 | €14,518 | ▲ 826% |
| Other tangible fixed assets26 | - | - | - | €20,427 | €10,777 | €1,528 | - | - | - |
| Current assets29/58 | €200,792 | €138,169 | €204,412 | €340,001 | €357,270 | €246,245 | €255,554 | €278,102 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €152,211 | €51,158 | €49,989 | €57,036 | €77,982 | €77,555 | €90,671 | €86,522 | ▼ 4.6% |
| Trade receivables40 | - | - | - | €51,729 | €56,221 | €59,351 | €63,319 | €70,443 | ▲ 11.3% |
| Other amounts receivable41 | - | - | - | €5,306 | €21,761 | €18,204 | €27,352 | €16,078 | ▼ 41.2% |
| Current investments50/53 | €15,000 | €15,000 | €15,000 | €40,000 | €65,000 | €65,000 | €15,000 | €15,000 | = |
| Cash at bank and in hand54/58 | €30,196 | €68,586 | €136,422 | €239,241 | €210,461 | €97,484 | €149,883 | €176,581 | ▲ 17.8% |
| Deferred charges and accrued income490/1 | - | - | - | €3,724 | €3,828 | €6,206 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €312,473 | €213,422 | €252,475 | €364,225 | €709,278 | €513,893 | €438,920 | €392,297 | ▼ 10.6% |
| Equity10/15 | €142,353 | €37,118 | €83,865 | €170,527 | €192,482 | €32,589 | €28,595 | €95,711 | ▲ 235% |
| Contributions10/11 | €6,205 | €6,205 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €75,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €69,016 | ▲ 36× |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,900 | €1,900 | €69,016 | ▲ 36× |
| Profit (loss) carried forward14 | €60,248 | €29,013 | €63,365 | €150,027 | €171,982 | €12,089 | €8,095 | €8,095 | = |
| Amounts payable17/49 | €170,120 | €176,304 | €168,610 | €193,698 | €516,796 | €481,304 | €410,326 | €296,586 | ▼ 27.7% |
| Amounts payable after more than one year17 | €86,466 | €57,142 | €38,400 | €22,887 | €353,464 | €309,186 | €261,183 | €218,867 | ▼ 16.2% |
| Financial debts170/4 | - | - | - | €22,887 | €353,464 | €309,186 | €261,183 | €218,867 | ▼ 16.2% |
| Amounts payable within one year42/48 | €83,654 | €119,162 | €130,210 | €170,811 | €163,332 | €172,118 | €149,143 | €77,720 | ▼ 47.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,514 | €43,782 | €40,750 | €45,021 | €45,715 | ▲ 1.5% |
| Trade debts44 | €48,622 | €18,463 | €6,182 | €73,882 | €36,778 | €100,249 | €18,126 | €4,458 | ▼ 75.4% |
| Suppliers440/4 | - | - | - | €73,882 | €36,778 | €100,249 | €18,126 | €4,458 | ▼ 75.4% |
| Taxes, remuneration and social security45 | - | - | - | €16,320 | €19,645 | €20,840 | €29,593 | €21,905 | ▼ 26.0% |
| Taxes450/3 | - | - | - | €16 | - | - | €4,931 | €2,149 | ▼ 56.4% |
| Remuneration and social security454/9 | - | - | - | €16,304 | €19,645 | €20,840 | €24,663 | €19,756 | ▼ 19.9% |
| Other amounts payable47/48 | - | - | - | €65,096 | €63,127 | €10,281 | €56,403 | €5,641 | ▼ 90.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€255 | €44,265 | €86,353 | €146,662 | €81,955 | €12,089 | €51,006 | €67,116 | ▲ 31.6% |
| + Depreciation and write-downs630 | €37,755 | €37,351 | €26,299 | €25,911 | €73,769 | €91,784 | €85,400 | €87,165 | ▲ 2.1% |
| Operating cash flow (approximation) | €37,499 | €81,616 | €112,652 | €172,573 | €155,724 | €103,874 | €136,406 | €154,281 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | -€923 | €891 | -€2,072 | -€401,553 | -€7,425 | -€1,119 | -€17,993 | ▼ 1,508% |
| Change in cash | - | €38,390 | €67,837 | €102,819 | -€28,780 | -€112,977 | €52,400 | €26,698 | ▼ 49.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00366792 |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00223770 |
| 31-12-2023 | micro format | 26-09-2024 | 2024-00474379 |
| 31-12-2022 | micro format | 28-03-2023 | 2023-00046712 |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20164071 |
| 31-12-2020 | abbreviated format | 29-09-2021 | 2021-69000249 |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-35000581 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61900117 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61200024 |
| 31-12-2016 | micro format | 23-08-2017 | 2017-46200302 |
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Of the 1,649 active companies whose main activity is agents and brokers in banking services (NACE 66191), figures are known for 1,201. 1,020 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,266 awarded · €2,157 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €772 | €772 |
| 2024 | 1 | €655 | €704 |
| 2023 | 1 | €485 | €327 |
| 2022 | 1 | €354 | €354 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.