Mortierhoek
ActiveMortierhoek has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €189k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 9107 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+4
Solvency13▲+2
Growth78=
Stability94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.34 in 2024), and 81.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.8%
Return on assets
2.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-01-2026, 17 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
17 d early
2024
44 d early
2023
50 d early
2022
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.37M▲ 11.2%
2024 · €1.24M
2022: €860k
2023: €1.08M
2024: €1.24M
2022 → 2025
Total assets
€7.31M▼ 1.0%
2024 · €7.39M
2022: €7.22M
2023: €7.48M
2024: €7.39M
2022 → 2025
Net result
€189k▲ 17.1%
2024 · €161k
2022: €60k
2023: €215k
2024: €161k
2022 → 2025
Working capital
€-606k▲ 8.8%
2024 · €-665k
2022: €-831k
2023: €-709k
2024: €-665k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€860k-€1.08M▲ 24.9%€1.24M▲ 15.0%€1.37M▲ 11.2%
Operating result€158k-€360k▲ 128%€356k▼ 1.0%€379k▲ 6.4%
Net result€60k-€215k▲ 256%€161k▼ 24.9%€189k▲ 17.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.31M
Fixed assets
€6.86M▼ 2.6%
Current assets
€455k▲ 31.2%
Equity and liabilities €7.31M
Equity
€1.37M▲ 11.2%
Debt
€5.94M▼ 3.5%
The debt ratio falls from 83.3% to 81.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€564k▲
2024 · €540k
Cash flow
€373k▲
2024 · €345k
Solvency
18.8%▲
2024 · 16.7%
Current ratio
0.43▲
2024 · 0.34
Quick ratio
0.43▲
2024 · 0.34
Debt / equity
4.32▼
2024 · 4.98
ROE
13.7%▲
2024 · 13.0%
ROA
2.6%▲
2024 · 2.2%
Interest coverage
4.07▲
2024 · 3.76
Debt
€5.94M▼
2024 · €6.15M
Debt ≤ 1 year
€1.06M▲
2024 · €1.01M
Debt > 1 year
€4.84M▼
2024 · €5.14M
Income taxes
€52k▲
2024 · €51k
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€7.39M€7.31M▼
Fixed assets21/28€7.04M€6.86M▼
Tangible fixed assets22/27€7.04M€6.86M▼
Land and buildings22€7.03M€6.85M▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€347k€455k▲
Amounts receivable within one year40/41€306k€396k▲
Trade receivables40€306k€396k▲
Cash at bank and in hand54/58€35k€15k▼
Deferred charges and accrued income490/1€7k€44k▲
Equity and liabilities
Total equity and liabilities10/49€7.39M€7.31M▼
Equity10/15€1.24M€1.37M▲
Contributions10/11€800k€800k=
Reserves13€436k€575k▲
Distributable reserves133€436k€575k▲
Amounts payable17/49€6.15M€5.94M▼
Amounts payable after more than one year17€5.14M€4.84M▼
Financial debts170/4€5.14M€4.84M▼
Amounts payable within one year42/48€1.01M€1.06M▲
Current portion of amounts payable after more than one year42€293k€298k▲
Trade debts44€36k€31k▼
Suppliers440/4€36k€31k▼
Taxes, remuneration and social security45€82k€82k▲
Taxes450/3€82k€82k▲
Other amounts payable47/48€600k€650k▲
Accrued charges and deferred income492/3-€33k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€184k€184k▲
Other operating charges640/8€13k€33k▲
Gross operating margin9900€553k€597k▲
Operating profit (loss)9901€356k€379k▲
Financial charges65/66B€144k€139k▼
Recurring financial charges65€144k€139k▼
Profit (loss) for the period before taxes9903€212k€241k▲
Income taxes67/77€51k€52k▲
Profit (loss) for the period9904€161k€189k▲
Profit (loss) for the period to be appropriated9905€161k€189k▲
Appropriation of the result
Profit (loss) to be appropriated9906€376k€189k▼
Profit (loss) brought forward from the previous period14P€215k-
Transfer to equity691/2€376k€139k▼
To other reserves6921€376k€139k▼
Profit to be distributed694/7-€50k
Directors or managers695-€50k
The notes to these accounts (13 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
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2022net €215k ▲256%
Net result €215k, the highest in the series.
30-06
Financial
Equity above €1MEq €1.08M ▲24.9%
2 profitable years in a row build equity to €1.08M.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2021
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.
Izegemsestraat(Heu) 4308501 KortrijkGround area
1.7 ha
Building footprint
6,100 m²
Volume, LiDAR
3,331 m³
Parcel 34016B0510/00G000, Flanders · tallest building 5.6 m. Linked by address, not a title deed.
1 establishment unit
Mortierhoek
since 20212.314.955.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0510/00G000 | Flanders | 1.7 ha | 1 · 6,100 m² | 5.6 m |
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
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Gemini Research
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COPERFIN
BE 0417.065.752
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WINKELPARK DEN BOOM
BE 0404.067.752
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Dracir Holdings
BE 0893.730.185
Koksijde · Eq €1.37M
Of 11,979 companies in sector 68203 we hold annual accounts for 5,949. 3,896 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2021
Fiscal year end30-06
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.