MORTSELA
ActiveSummary
MORTSELA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €520,194 and a net result of €132,039. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+10
Solvency52▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.46 in 2024; short-term debt: 41.9% and cash: 11.1% of total assets), and 72.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
27.1%
Return on assets
6.9%
Age of the figures
9 mo
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 · 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 · 10 filingsDeviation from the deadline
2025
24 d early
2024
43 d early
2023
27 d late
2022
3 d early
2021
6 d early
2020
9 d early
2019
on the day
← 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 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€520,194▼ 18.5%
2024 · €638,155
Total assets
€1.9m▼ 1.0%
2024 · €1.9m
Net result
€132,039▲ 10.1%
2024 · €119,892
Working capital
-€554,764▼ 58.0%
2024 · -€351,167
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€107,366▼ 8.1%€153,194▲ 42.7%€173,034▲ 13.0%€225,303▲ 30.2%€230,181▲ 2.2%
Net result€55,924within the sector's middle half▼ 7.6%€104,640above the sector's middle half▲ 87.1%€85,258above the sector's middle half▼ 18.5%€119,892above the sector's middle half▲ 40.6%€132,039above the sector's middle half▲ 10.1%
Equity€328,366above the sector's middle half▲ 20.5%€433,005above the sector's middle half▲ 31.9%€518,263above the sector's middle half▲ 19.7%€638,155above the sector's middle half▲ 23.1%€520,194above the sector's middle half▼ 18.5%
Total assets€1.8mabove the sector's middle half▼ 2.7%€1.8mabove the sector's middle half▲ 0.5%€1.9mabove the sector's middle half▲ 1.7%€1.9mabove the sector's middle half▲ 3.5%€1.9mabove the sector's middle half▼ 1.0%
Debt€1.5m▼ 6.6%€1.4m▼ 6.3%€1.4m▼ 3.9%€1.3m▼ 4.0%€1.4m▲ 7.7%
Working capital-€526,729below the sector's middle half▲ 1.4%-€464,312below the sector's middle half▲ 11.9%-€419,065below the sector's middle half▲ 9.7%-€351,167below the sector's middle half▲ 16.2%-€554,764below the sector's middle half▼ 58.0%
Solvency17.9%below the sector's middle half▲ 3.5pp23.5%below the sector's middle half▲ 5.6pp27.7%within the sector's middle half▲ 4.2pp32.9%within the sector's middle half▲ 5.2pp27.1%within the sector's middle half▼ 5.8pp
Current ratio0.11below the sector's middle half=0.20below the sector's middle half▲ 0.090.32below the sector's middle half▲ 0.120.46below the sector's middle half▲ 0.140.31below the sector's middle half▼ 0.15
Return on assets (ROA)3.1%within the sector's middle half▼ 0.2pp5.7%within the sector's middle half▲ 2.6pp4.6%within the sector's middle half▼ 1.1pp6.2%within the sector's middle half▲ 1.6pp6.9%within the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.7m ▲ 2.1%
Current assets
€250,949 ▼ 17.5%
Equity and liabilities €1.9m
Equity
€520,194 ▼ 18.5%
Debt
€1.4m ▲ 7.7%
Debt's share of the balance-sheet total rises from 67.1% to 72.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€286,993▲
2024 · €276,385
Cash flow
€188,851▲
2024 · €170,974
Debt to equity
2.69▲
2024 · 2.04
ROE
25.4%▲
2024 · 18.8%
Interest coverage
5.14▲
2024 · 4.05
Debt ≤ 1 year
€805,713▲
2024 · €655,275
Debt > 1 year
€594,815▼
2024 · €645,726
Income taxes
€42,476▲
2024 · €37,142
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,605 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,605 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,074 | €50,264 | €51,140 | €51,082 | €56,812 | ▲ 11.2% |
| Other operating charges640/8 | €1,246 | €1,301 | €1,963 | €1,957 | €1,974 | ▲ 0.8% |
| Gross operating margin9900 | €161,686 | €204,759 | €226,136 | €278,342 | €288,966 | ▲ 3.8% |
| Operating profit (loss)9901 | €107,366 | €153,194 | €173,034 | €225,303 | €230,181 | ▲ 2.2% |
| Financial income75/76B | €0 | €124 | €0 | - | €185 | - |
| Recurring financial income75 | €0 | €124 | €0 | - | €185 | - |
| Financial charges65/66B | €36,835 | €31,678 | €52,537 | €68,269 | €55,850 | ▼ 18.2% |
| Recurring financial charges65 | €36,835 | €31,678 | €52,537 | €68,269 | €55,850 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €70,531 | €121,640 | €120,496 | €157,033 | €174,515 | ▲ 11.1% |
| Income taxes67/77 | €14,607 | €17,000 | €35,238 | €37,142 | €42,476 | ▲ 14.4% |
| Profit (loss) for the period9904 | €55,924 | €104,640 | €85,258 | €119,892 | €132,039 | ▲ 10.1% |
| Profit (loss) for the period to be appropriated9905 | €55,924 | €104,640 | €85,258 | €119,892 | €132,039 | ▲ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.9m | €1.9m | €1.9m | ▼ 1.0% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.7m | €1.6m | €1.7m | ▲ 2.1% |
| Intangible fixed assets21 | - | €1,000 | €309 | €0 | - | - |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.7m | €1.6m | €1.7m | ▲ 2.1% |
| Land and buildings22 | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | ▲ 0.1% |
| Plant, machinery and equipment23 | €2,818 | €6,862 | €4,949 | €3,425 | €2,541 | ▼ 25.8% |
| Furniture and vehicles24 | €7,128 | €5,770 | €6,878 | €10,729 | €44,845 | ▲ 318% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Current assets29/58 | €66,374 | €119,640 | €198,583 | €304,108 | €250,949 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €1,393 | €20,753 | €64,765 | €29,658 | €33,119 | ▲ 11.7% |
| Trade receivables40 | €0 | €19,360 | €64,765 | €29,527 | €33,119 | ▲ 12.2% |
| Other amounts receivable41 | €1,393 | €1,393 | €0 | €131 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €64,981 | €97,543 | €132,578 | €271,401 | €213,015 | ▼ 21.5% |
| Deferred charges and accrued income490/1 | - | €1,345 | €1,240 | €3,049 | €4,815 | ▲ 57.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.9m | €1.9m | €1.9m | ▼ 1.0% |
| Equity10/15 | €328,366 | €433,005 | €518,263 | €638,155 | €520,194 | ▼ 18.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €308,366 | €413,005 | €498,263 | €618,155 | €500,194 | ▼ 19.1% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €306,366 | €411,005 | €496,263 | €616,155 | €498,194 | ▼ 19.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.4m | ▲ 7.7% |
| Amounts payable after more than one year17 | €911,125 | €825,557 | €737,123 | €645,726 | €594,815 | ▼ 7.9% |
| Financial debts170/4 | €911,125 | €825,557 | €737,123 | €645,726 | €594,815 | ▼ 7.9% |
| Amounts payable within one year42/48 | €593,103 | €583,952 | €617,648 | €655,275 | €805,713 | ▲ 23.0% |
| Current portion of amounts payable after more than one year42 | €99,560 | €85,567 | €88,434 | €97,281 | €108,612 | ▲ 11.6% |
| Financial debts43 | €5,352 | €5,686 | €24,000 | €0 | - | - |
| Credit institutions430/8 | €5,352 | €5,686 | €24,000 | €0 | - | - |
| Trade debts44 | €1,664 | €1,857 | €4,907 | €10,637 | €647 | ▼ 93.9% |
| Suppliers440/4 | €1,664 | €1,857 | €4,907 | €10,637 | €647 | ▼ 93.9% |
| Advances received on contracts in progress46 | - | - | - | €35,251 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €15,182 | €19,817 | €36,798 | €44,834 | €113,966 | ▲ 154% |
| Taxes450/3 | €15,182 | €19,817 | €36,798 | €44,834 | €113,966 | ▲ 154% |
| Other amounts payable47/48 | €471,345 | €471,024 | €463,508 | €467,270 | €582,487 | ▲ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,924 | €104,640 | €85,258 | €119,892 | €132,039 | ▲ 10.1% |
| + Depreciation and write-downs630 | €53,074 | €50,264 | €51,140 | €51,082 | €56,812 | ▲ 11.2% |
| Operating cash flow (approximation) | €108,998 | €154,904 | €136,398 | €170,974 | €188,851 | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | -€6,919 | -€2,717 | -€11,678 | -€91,536 | ▼ 684% |
| Change in cash | - | €32,562 | €35,036 | €138,823 | -€58,386 | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €132,039 ▲10.1%
Operating result €230,181, net result €132,039, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Equity above €500,000Eq €518,263 ▲19.7%
6 profitable years in a row build equity to €518,263.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €211,932 ▲28.3%
2 profitable years in a row build equity to €211,932.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Oosterzele · 1 establishment unit since 2014
Ground area
4,687 m²
Building footprint
151 m²
Parcel 44046A0450/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Mortsela
since 20142.225.109.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44046A0450/00F000 | Flanders | 4,687 m² | 1 · 151 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 34,347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543551475
Also
9925:BE0543551475
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.