MORSO EVENTS

Active

Private limited companyfounded 20233 yrs activeNieuwdreef 1A, 2170 Antwerpen, BelgiumKBO/BCE: BE 0801.091.128

The computed 12-month bankruptcy probability of MORSO EVENTS is 5.9% (elevated). The 2025 annual accounts show equity of €45k and a net result of €311k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 13204 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency32▲+27

Growth78▲+46

Track record94

Bankruptcy probability, 12 months

5.9% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity short (current ratio 0.72 against 0.33 in 2024; short-term debt: 78.6% and cash: 18.6% of total assets), and 92.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

7.4%

Return on assets

51.5%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

24 d early

2024

6 d late

2023

1 d early

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€45k

2024 · €-62k

2023: €20k 2024: €-62k

2023 → 2025

Total assets

€605k▲ 92.6%

2024 · €314k

2023: €135k 2024: €314k

2023 → 2025

Net result

€311k

2024 · €-82k

2023: €10k 2024: €-82k

2023 → 2025

Working capital

€-135k▲ 21.1%

2024 · €-171k

2023: €-44k 2024: €-171k

2023 → 2025

Multi-year overview

Available amounts per fiscal year

Line202320242025Trend

Equity€20k-€-62k€45k

Operating result€16k-€-67k€412k

Net result€10k-€-82k€311k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €412k after a loss of €67k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €605k

43.6%

56.4%

Fixed assets €264k▲ 15.7%

Current assets €341k▲ 297%

Equity and liabilities €605k

92.6%

Equity €45k

Debt €560k

Debt finances 92.6% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€497k▲

2024 · €-19k

Cash flow

€395k▲

2024 · €-34k

Solvency

7.4%▲

2024 · -19.6%

Current ratio

0.72▲

2024 · 0.33

Quick ratio

0.71▲

2024 · 0.30

Debt / equity

12.56▲

2024 · -6.09

ROE

698.1%

ROA

51.5%▲

2024 · -26.1%

Interest coverage

15.78▲

2024 · -1.18

Debt

€560k▲

2024 · €376k

Debt ≤ 1 year

€475k▲

2024 · €256k

Debt > 1 year

€85k▼

2024 · €119k

Income taxes

€74k▲

2024 · €128

Staff costs

€398k▲

2024 · €325k

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€314k€605k▲

Fixed assets21/28€228k€264k▲

Intangible fixed assets21€5k€3k▼

Tangible fixed assets22/27€221k€259k▲

Plant, machinery and equipment23€180k€173k▼

Furniture and vehicles24€41k€35k▼

Leasing and similar rights25-€41k

Other tangible fixed assets26-€10k

Financial fixed assets28€2k€2k=

Current assets29/58€86k€341k▲

Stocks and contracts in progress3€10k€1k▼

Stocks30/36€10k€1k▼

Amounts receivable within one year40/41€30k€222k▲

Trade receivables40€20k€38k▲

Other amounts receivable41€10k€184k▲

Cash at bank and in hand54/58€31k€112k▲

Deferred charges and accrued income490/1€15k€5k▼

Equity and liabilities

Total equity and liabilities10/49€314k€605k▲

Equity10/15€-62k€45k▲

Contributions10/11€10k€15k▲

Reserves13-€30k

Distributable reserves133-€30k

Profit (loss) carried forward14€-72k-

Amounts payable17/49€376k€560k▲

Amounts payable after more than one year17€119k€85k▼

Financial debts170/4€119k€85k▼

Amounts payable within one year42/48€256k€475k▲

Current portion of amounts payable after more than one year42€66k€86k▲

Trade debts44€108k€50k▼

Suppliers440/4€108k€50k▼

Taxes, remuneration and social security45€43k€117k▲

Taxes450/3€18k€82k▲

Remuneration and social security454/9€24k€34k▲

Other amounts payable47/48€39k€223k▲

Accrued charges and deferred income492/3-€98

Income statement Code20242025

Remuneration, social security and pensions62€325k€398k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€84k▲

Other operating charges640/8€20k€8k▼

Gross operating margin9900€326k€903k▲

Operating profit (loss)9901€-67k€412k▲

Financial income75/76B€803€5k▲

Recurring financial income75€803€5k▲

Financial charges65/66B€16k€31k▲

Recurring financial charges65€16k€31k▲

Profit (loss) for the period before taxes9903€-82k€385k▲

Income taxes67/77€128€74k▲

Profit (loss) for the period9904€-82k€311k▲

Profit (loss) for the period to be appropriated9905€-82k€311k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-82k€240k▲

Profit (loss) brought forward from the previous period14P-€-72k

Transfer from equity791/2€10k-

Transfer to equity691/2-€30k

To other reserves6921-€30k

Profit to be distributed694/7-€210k

Return on contributions (dividend)694-€210k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

07-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €311k

Net result €311k after one loss-making year.

06-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 6 days late

2024

31-12

Financial Weakest financial yearnet €-82k ▼897%

Net result drops to €-82k, the lowest in the series; recovery starts the following year.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2023

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

05-05-2023 Resigned as Director

Location & real-estate footprint

Registered office, Antwerpen · 3 establishment units since 2023

establishment approximate All 3 establishment units on the map

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.

Nieuwdreef 1A2170 Antwerpen

Ground area

1,185 m²

Building footprint

543 m²

Volume, LiDAR

4,658 m³

4 parcels, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

MORSO CATERING

Nieuwdreef 1, 2170 AntwerpenEvent catering

since 20232.344.386.169

Morso Bistro

Fortstraat 100, 2640 MortselFood and beverage service activities

since 20232.352.372.140

CARBON ANTWERP

Verschansingstraat 5, 2000 AntwerpenFull-service restaurants

since 20262.390.126.322

4 parcels

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11512B0017/00C007	Flanders	647 m²	1 · 131 m²	10.6 m · 2 fl.
11422C0180/00C003	Flanders	189 m²	1 · 189 m²	12.5 m · 3 fl.
11422C0180/00Y002	Flanders	188 m²	1 · 62 m²	17.9 m · 5 fl.
11811L3676/00V000 ProtectedTownscape or village viewLeopold De Waelstraat en LambermontplaatsSource ↗	Flanders	161 m²	1 · 161 m²	14.8 m · 4 fl.