MORVAN
ActiveSummary
The computed 12-month bankruptcy probability of MORVAN is 4.9% (elevated). For MORVAN, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €371,248 and a net result of -€12,537. Equity remains stable across the filed fiscal years (±0.5% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability34▼-4
Solvency64=
Growth32▼-20
Track record92
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
39.4%
Return on assets
-1.3%
Age of the figures
57 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-07-2022, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
17 d early
2020
25 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, micro schema
Equity
€371,248▼ 3.3%
2020 · €383,786
Total assets
€942,509▼ 4.7%
2020 · €988,816
Net result
-€12,537
2020 · €163
Working capital
€371,248▼ 3.3%
2020 · €383,786
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€2,894--€2,350-€4,155▼ 76.8%-€8,739▼ 110%
Net result€5,963-€935▼ 84.3%€163▼ 82.5%-€12,537
Equity€382,687-€383,622▲ 0.2%€383,786=€371,248▼ 3.3%
Total assets€412,687-€413,622▲ 0.2%€988,816▲ 139%€942,509▼ 4.7%
Debt€30,000-€30,000=€605,030▲ 1,917%€571,260▼ 5.6%
Working capital€382,687-€383,622▲ 0.2%€383,786=€371,248▼ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,739 in 2021 against €4,155 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €942,509
Equity
€371,248 ▼ 3.3%
Debt
€571,260 ▼ 5.6%
Debt's share of the balance-sheet total falls from 61.2% to 60.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.65▲
2020 · 1.63
Quick ratio
0.08▼
2020 · 0.15
Debt to equity
1.54
ROE
-3.4%▼
2020 · 0.0%
ROA
-1.3%▼
2020 · 0.0%
Debt ≤ 1 year
€571,260▼
2020 · €605,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,385 | - |
| Gross operating margin9900 | €2,999 | -€2,243 | -€4,025 | -€7,354 | ▼ 82.7% |
| Operating profit (loss)9901 | €2,894 | -€2,350 | -€4,155 | -€8,739 | ▼ 110% |
| Financial income75/76B | - | - | - | €2,474 | - |
| Recurring financial income75 | €3,084 | €3,300 | €4,339 | €2,474 | ▼ 43.0% |
| Financial charges65/66B | - | - | - | €6,272 | - |
| Recurring financial charges65 | €15 | €15 | €20 | €6,272 | ▲ 31,337% |
| Profit (loss) for the period before taxes9903 | €5,963 | €935 | €163 | -€12,537 | ▼ 7,775% |
| Profit (loss) for the period9904 | €5,963 | €935 | €163 | -€12,537 | ▼ 7,775% |
| Profit (loss) for the period to be appropriated9905 | €5,963 | €935 | €163 | -€12,537 | ▼ 7,775% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €412,687 | €413,622 | €988,816 | €942,509 | ▼ 4.7% |
| Current assets29/58 | €412,687 | €413,622 | €988,816 | €942,509 | ▼ 4.7% |
| Stocks and contracts in progress3 | - | - | €899,059 | €899,059 | = |
| Stocks30/36 | - | - | - | €899,059 | - |
| Amounts receivable within one year40/41 | €72,768 | €71,068 | €85,407 | €40,550 | ▼ 52.5% |
| Other amounts receivable41 | - | - | - | €40,550 | - |
| Cash at bank and in hand54/58 | €339,919 | €342,554 | €4,349 | €2,666 | ▼ 38.7% |
| Deferred charges and accrued income490/1 | - | - | - | €233 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €412,687 | €413,622 | €988,816 | €942,509 | ▼ 4.7% |
| Equity10/15 | €382,687 | €383,622 | €383,786 | €371,248 | ▼ 3.3% |
| Contributions10/11 | €49,579 | €49,579 | - | €49,579 | - |
| Reserves13 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Non-distributable reserves130/1 | - | - | - | €4,958 | - |
| Reserves not available under the articles1311 | - | - | - | €4,958 | - |
| Profit (loss) carried forward14 | €328,151 | €329,086 | €329,249 | €316,712 | ▼ 3.8% |
| Amounts payable17/49 | €30,000 | €30,000 | €605,030 | €571,260 | ▼ 5.6% |
| Amounts payable within one year42/48 | €30,000 | €30,000 | €605,030 | €571,260 | ▼ 5.6% |
| Financial debts43 | - | - | - | €250,000 | - |
| Credit institutions430/8 | - | - | - | €250,000 | - |
| Trade debts44 | - | - | €30 | €928 | ▲ 2,995% |
| Suppliers440/4 | - | - | - | €928 | - |
| Other amounts payable47/48 | - | - | - | €320,332 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,963 | €935 | €163 | -€12,537 | ▼ 7,775% |
| Operating cash flow (approximation) | €5,963 | €935 | €163 | -€12,537 | ▼ 7,775% |
| Change in cash | - | €2,635 | -€338,205 | -€1,683 | ▲ 99.5% |
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
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€12,537
Net result drops to -€12,537, the lowest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
14-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
28-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Knokke-Heist · 1 establishment unit since 1989
Ground area
304 m²
Building footprint
222 m²
Volume, LiDAR
2,522 m³
2 parcels, Flanders · tallest building 24.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MORVAN
since 19892.042.542.856
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333H0530/00V012 | Flanders | 188 m² | 1 · 106 m² | 9.0 m · 2 fl. |
| 31334B0302/00_000 | Flanders | 116 m² | 1 · 116 m² | 24.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-02-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.