Financials
- Fiscal year
- 2025
- Total assets
- €790,973
- Profit
- €34,900
- Solvency
- 47.0%
Total assets▲ 2.1%
Net result
20192025
MORREEL
ActiveSummary
MORREEL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371,537 and a net result of €34,900. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
2 sites
Size
€790,973total assets 2025
- Equity
- €371,537
- Profit
- €34,900
Turnover not published (abridged schema)
Structure
Accounts on time0 of 3 deeds read
Why 86- Sector Specialised construction activities (NACE 43)- Liquidity: current ratio 1.48, cash €9,584, halved+ Size: total assets €790,973+ Founded in 2009Show the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Better than 34% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
72-16
equity 47.0% of total assets
Liquidity
36-19
short-term debt 35.3% · cash 1.2%
Profitability
74=
return on assets 4.4%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.2%highest value
07-2026: 0.2%● 0.0% vs 06-2026highest value
08-2026: 0.2%● 0.0% vs 07-2026highest value
09-2026: 0.2%● 0.0% vs 08-2026highest value
10-2026: 0.2%● 0.0% vs 09-2026highest value
- Size: total assets €790,973 lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- Liquidity: current ratio 1.48, cash €9,584, halved raises the probability
- Founded in 2009 lowers the probability for this profile
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 3.55 in 2024; short-term debt: 35.3% and cash: 1.2% of total assets), and 53% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 50%, liquidity 24%, profitability 47%, growth against the median 16%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
2 d early
2021
32 d early
2020
12 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close02-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Weakest financial yearnet €31,747 ▼41.5%
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 30-04-2027
- 30-04-2026Annual accounts filed
- 30-04-2025Annual accounts filed
- 30-09-2024Weakest financial year
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 19-10-2009
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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