MORRI
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00386035.
Annual accounts 2025 filed on 05-08-2026 at the NBB all 5 filings
Equity
-€1,507
2024 · €448
Net result
-€1,954▲ 40.0%
2024 · -€3,257
Total assets
€57,100▼ 0.8%
2024 · €57,547
Solvency
-2.6%▼ 3.4pp
2024 · 0.8%
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€119
▲ 77.8%
2025
20212025
Net result
-€1,954
▲ 40.0%
2025
lowest quarter of the sector
20212025
Equity
-€1,507
2025
lowest quarter of the sector
20212025
Total assets
€57,100
▼ 0.8%
2025
lowest quarter of the sector
20212025
Debt
€58,607
▲ 2.6%
2025
20212025
Working capital
-€31,520
▼ 51.9%
2025
lowest quarter of the sector
20212025
Solvency
-2.6%
▼ 3.4pp
2025
lowest quarter of the sector
20212025
Current ratio
0.18
▼ 0.08
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
-3.4%
▲ 2.2pp
2025
lowest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€667-€6,402▲ 860%€3,237▼ 49.4%-€535-€119▲ 77.8%
Net result€108below the sector's middle half-€1,662below the sector's middle half▲ 15×-€1,065below the sector's middle half-€3,257below the sector's middle half▼ 206%-€1,954below the sector's middle half▲ 40.0%
Equity€3,108below the sector's middle half-€4,769below the sector's middle half▲ 53.5%€3,704below the sector's middle half▼ 22.3%€448below the sector's middle half▼ 87.9%-€1,507below the sector's middle half
Total assets€11,438below the sector's middle half-€61,713below the sector's middle half▲ 440%€68,603below the sector's middle half▲ 11.2%€57,547below the sector's middle half▼ 16.1%€57,100below the sector's middle half▼ 0.8%
Debt€8,331-€56,944▲ 584%€64,899▲ 14.0%€57,099▼ 12.0%€58,607▲ 2.6%
Working capital€3,108within the sector's middle half--€200within the sector's middle half-€9,158within the sector's middle half▼ 4,488%-€20,754below the sector's middle half▼ 127%-€31,520below the sector's middle half▼ 51.9%
Solvency27.2%within the sector's middle half-7.7%below the sector's middle half▼ 19.4pp5.4%below the sector's middle half▼ 2.3pp0.8%below the sector's middle half▼ 4.6pp-2.6%below the sector's middle half▼ 3.4pp
Current ratio1.37within the sector's middle half-0.98within the sector's middle half▼ 0.390.67below the sector's middle half▼ 0.310.27below the sector's middle half▼ 0.400.18below the sector's middle half▼ 0.08
Return on assets (ROA)0.9%below the sector's middle half-2.7%within the sector's middle half▲ 1.8pp-1.6%below the sector's middle half▼ 4.2pp-5.7%below the sector's middle half▼ 4.1pp-3.4%below the sector's middle half▲ 2.2pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €119, smaller than the loss of €535 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,100
Fixed assets
€50,000 =
Current assets
€7,100 ▼ 5.9%
Equity and liabilities
Equity-€1,507
Debt€58,607
Equity is negative. Debt (€58,607) exceeds the balance-sheet total (€57,100).
Key figures and ratios
Debt ≤ 1 year
€38,620▲
2024 · €28,301
Debt > 1 year
€19,987▼
2024 · €28,798
Income taxes
-€8▼
2024 · €441
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €50,000 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €132 | €0 | - | - |
| Gross operating margin9900 | €667 | €6,402 | €3,368 | -€535 | -€119 | ▲ 77.8% |
| Operating profit (loss)9901 | €667 | €6,402 | €3,237 | -€535 | -€119 | ▲ 77.8% |
| Financial income75/76B | - | - | - | €12 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €12 | €0 | ▼ 100% |
| Financial charges65/66B | €32 | €2,941 | €2,725 | €2,292 | €1,844 | ▼ 19.6% |
| Recurring financial charges65 | €32 | €2,941 | €2,725 | €2,292 | €1,844 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €635 | €3,462 | €512 | -€2,815 | -€1,962 | ▲ 30.3% |
| Income taxes67/77 | €527 | €1,800 | €1,577 | €441 | -€8 | - |
| Profit (loss) for the period9904 | €108 | €1,662 | -€1,065 | -€3,257 | -€1,954 | ▲ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €108 | €1,662 | -€1,065 | -€3,257 | -€1,954 | ▲ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,438 | €61,713 | €68,603 | €57,547 | €57,100 | ▼ 0.8% |
| Fixed assets21/28 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Financial fixed assets28 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €11,438 | €11,713 | €18,603 | €7,547 | €7,100 | ▼ 5.9% |
| Amounts receivable within one year40/41 | - | €7,635 | €7,113 | €7,063 | €7,083 | ▲ 0.3% |
| Trade receivables40 | - | €3,630 | €3,044 | €0 | - | - |
| Other amounts receivable41 | - | €4,005 | €4,069 | €7,063 | €7,083 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €6,154 | €3,594 | €11,006 | €0 | €17 | - |
| Deferred charges and accrued income490/1 | €5,284 | €484 | €484 | €484 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,438 | €61,713 | €68,603 | €57,547 | €57,100 | ▼ 0.8% |
| Equity10/15 | €3,108 | €4,769 | €3,704 | €448 | -€1,507 | - |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €108 | €1,769 | €704 | -€2,552 | -€4,507 | ▼ 76.6% |
| Amounts payable17/49 | €8,331 | €56,944 | €64,899 | €57,099 | €58,607 | ▲ 2.6% |
| Amounts payable after more than one year17 | - | €45,031 | €37,138 | €28,798 | €19,987 | ▼ 30.6% |
| Financial debts170/4 | - | €45,031 | €37,138 | €28,798 | €19,987 | ▼ 30.6% |
| Amounts payable within one year42/48 | €8,331 | €11,912 | €27,761 | €28,301 | €38,620 | ▲ 36.5% |
| Current portion of amounts payable after more than one year42 | - | €7,471 | €7,894 | €8,340 | €8,811 | ▲ 5.6% |
| Financial debts43 | - | - | - | €0 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0 | €0 | ▼ 100% |
| Trade debts44 | €480 | €247 | €10,528 | €6,781 | €0 | ▼ 100% |
| Suppliers440/4 | €480 | €247 | €10,528 | €6,781 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €6,578 | €3,176 | €6,569 | €2,000 | €422 | ▼ 78.9% |
| Taxes450/3 | €2,078 | €3,176 | €6,569 | €2,000 | €422 | ▼ 78.9% |
| Remuneration and social security454/9 | €4,500 | €0 | - | - | - | - |
| Other amounts payable47/48 | €1,273 | €1,017 | €2,770 | €11,181 | €29,387 | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108 | €1,662 | -€1,065 | -€3,257 | -€1,954 | ▲ 40.0% |
| Operating cash flow (approximation) | €108 | €1,662 | -€1,065 | -€3,257 | -€1,954 | ▲ 40.0% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | -€2,560 | €7,412 | -€11,006 | €17 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-08-2026 | 2026-00386035 | |
| 31-12-2024 | micro format | 05-09-2025 | 2025-00491564 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00450653 | |
| 31-12-2022 | micro format | 12-01-2024 | 2024-00002244 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349097 |