MORREN STEVEN
ActiveMORREN STEVEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186k and a net result of €-3k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.46 against 4.35 in 2024; short-term debt: 18.4% and cash: 57.3% of total assets), and 21.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
23 d late
2022
31 d late
2021
46 d late
2020
102 d late
2019
24 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€186k▼ 1.7%
2024 · €190k
2018: €147k
2019: €150k
2020: €168k
2021: €170k
2022: €184k
2023: €228k
2024: €190k
2018 → 2025
Total assets
€238k▼ 1.9%
2024 · €243k
2018: €268k
2019: €256k
2020: €300k
2021: €270k
2022: €272k
2023: €307k
2024: €243k
2018 → 2025
Net result
€-3k
2024 · €7k
2018: €10k
2019: €3k
2020: €19k
2021: €2k
2022: €14k
2023: €44k
2024: €7k
2018 → 2025
Working capital
€152k▲ 12.8%
2024 · €135k
2018: €103k
2019: €118k
2020: €120k
2021: €123k
2022: €119k
2023: €149k
2024: €135k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€184k▲ 8.2%€228k▲ 23.8%€190k▼ 16.8%€186k▼ 1.7%
Operating result€536-€17k▲ 3,157%€55k▲ 213%€10k▼ 81.1%€-1k
Net result€2k-€14k▲ 749%€44k▲ 214%€7k▼ 83.0%€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€42k▼ 37.7%
Current assets
€196k▲ 12.0%
Equity and liabilities €238k
Equity
€186k▼ 1.7%
Provisions
€3k▼ 27.7%
Debt
€49k▼ 1.0%
The debt ratio rises from 20.4% to 20.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €40k
Cash flow
€28k▼
2024 · €38k
Solvency
78.3%▲
2024 · 78.1%
Current ratio
4.46▲
2024 · 4.35
Quick ratio
4.45▲
2024 · 4.34
Debt / equity
0.26▲
2024 · 0.26
ROE
-1.7%▼
2024 · 3.9%
ROA
-1.4%▼
2024 · 3.1%
Interest coverage
16.88▼
2024 · 26.89
Debt
€49k▼
2024 · €50k
Debt ≤ 1 year
€44k▲
2024 · €40k
Debt > 1 year
€5k▼
2024 · €9k
Income taxes
€939▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€243k€238k▼
Fixed assets21/28€68k€42k▼
Tangible fixed assets22/27€68k€42k▼
Plant, machinery and equipment23€45k€30k▼
Furniture and vehicles24€11k€4k▼
Other tangible fixed assets26€12k€9k▼
Financial fixed assets28€135€135=
Current assets29/58€175k€196k▲
Stocks and contracts in progress3€253€253=
Stocks30/36€253€253=
Amounts receivable within one year40/41€69k€35k▼
Trade receivables40€62k€30k▼
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€79k€136k▲
Deferred charges and accrued income490/1€26k€24k▼
Equity and liabilities
Total equity and liabilities10/49€243k€238k▼
Equity10/15€190k€186k▼
Contributions10/11€19k€19k=
Reserves13€171k€168k▼
Tax-exempt reserves132€14k€10k▼
Distributable reserves133€157k€157k▲
Provisions and deferred taxes16€4k€3k▼
Deferred taxes168€4k€3k▼
Amounts payable17/49€50k€49k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€40k€44k▲
Current portion of amounts payable after more than one year42€11k€9k▼
Trade debts44€20k€32k▲
Suppliers440/4€20k€32k▲
Taxes, remuneration and social security45€271€271=
Taxes450/3€271€271=
Other amounts payable47/48€9k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€14k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€31k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€42k€31k▼
Operating profit (loss)9901€10k€-1k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€4k▲
Non-recurring financial income76B-€1k
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€2k▲
Non-recurring financial charges66B€398€5k▲
Profit (loss) for the period before taxes9903€12k€-3k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€5k€939▼
Profit (loss) for the period9904€7k€-3k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€11k€766▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€766▼
Transfer from equity791/2€46k-
Transfer to equity691/2€11k€766▼
To other reserves6921€11k€766▼
Profit to be distributed694/7€46k-
Return on contributions (dividend)694€46k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-3k ▼143%
Net result drops to €-3k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2018net €44k ▲214%
Operating result €55k, net result €44k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲23.8%
6 profitable years in a row build equity to €228k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
31-12
Financial
Equity above €150kEq €168k ▲12.5%
3 profitable years in a row build equity to €168k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herselt · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Madestraat(RAM) 632230 HerseltGround area
1,778 m²
Building footprint
269 m²
Parcel 13034H0526/00V000, Flanders. Linked by address, not a title deed.
1 establishment unit
Steven Morren Klinker- en tegelwerken
since 20112.201.662.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034H0526/00V000 | Flanders | 1,778 m² | 1 · 269 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GDS
BE 0885.770.643
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VOETEN BESTRATINGEN
BE 0836.744.962
Hoogstraten · Eq €186k
Travaux et Aménagements
BE 0413.527.034
Estinnes · Eq €188k
SIDAL
BE 0845.900.772
Gent · Eq €189k
TUINARCHITECTUUR VERBRUGGEN URBAIN
BE 0445.477.547
Mol · Eq €191k
Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 784 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2011
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.