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MORVAN

Active
Private limited company (pre-2019)founded 1989active for 37 yearsKeuvelhoekstraat 66, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0436.615.806
Summary

The computed 12-month bankruptcy probability of MORVAN is 6.7% (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 financial years (±0.5% per year). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Activity not known1 site
Size
€942,509total assets 2021
Equity
€371,248
Loss
-€12,537
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
6.7%
2021 figures too old to score
Structure
2022 accounts not filed, 1186 days past the deadline
Signalsraises riskFigures for financial year 2021 (filed 20-07-2022)Ex-officio strike-off in the KBOLiquidity: current ratio 1.65, cash €2,666Two or more financial years not filedAdministrative warnings in the KBO publicationslowers riskSize: total assets €942,509neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

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
Financial strength, FY 2021 · tick = 2020
Weak
Solvency 64=
equity 39.4% of total assets
Liquidity 19=
short-term debt 60.6% · cash 0.3%
Profitability 34-4
return on assets -1.3%
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 7.6%highest value 12-2024: 7.6%● unchanged vs 11-2024highest value 01-2025: 7.6%● unchanged vs 12-2024highest value 02-2025: 7.6%● unchanged vs 01-2025highest value 03-2025: 3.8%▼ -3.8 percentage points vs 02-2025 04-2025: 3.8%● unchanged vs 03-2025 05-2025: 3.8%● unchanged vs 04-2025 06-2025: 3.8%● unchanged vs 05-2025 07-2025: 3.8%● unchanged vs 06-2025 08-2025: 3.6%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 3.6%● unchanged vs 08-2025lowest value 10-2025: 3.6%● unchanged vs 09-2025lowest value 11-2025: 3.6%● unchanged vs 10-2025lowest value 12-2025: 3.6%● unchanged vs 11-2025lowest value 01-2026: 3.6%● unchanged vs 12-2025lowest value 02-2026: 3.6%● unchanged vs 01-2026lowest value 03-2026: 3.6%● unchanged vs 02-2026lowest value 04-2026: 3.6%● unchanged vs 03-2026lowest value 05-2026: 3.6%● unchanged vs 04-2026lowest value 06-2026: 3.6%● unchanged vs 05-2026lowest value 07-2026: 3.6%● unchanged vs 06-2026lowest value 08-2026: 3.6%● unchanged vs 07-2026lowest value 09-2026: 6.7%▲ +3.1 percentage points vs 08-2026 10-2026: 6.7%● unchanged vs 09-2026
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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2021 (filed 20-07-2022)
NBB · annual accounts
lowers risk · Size: total assets €942,509
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Liquidity: current ratio 1.65, cash €2,666
NBB · annual accounts
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 filings
Position against the passed deadline
31-12-2022 year end31-07-2023 deadline29-10-2026 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 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
17 days early
2020
25 days early
2019
28 days 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 publications
Publications
Late accounts filing
  1. Late accounts filingevent 18-08-2026
  2. Resignation: Jean-Paul Morre (director)Appointment: Morre Frédéric (director) ·…
  3. Annual accounts filedfinancial year 2021 · micro…

Financials · financial year 2021, micro format

2022 annual accounts not yet filed, deadline passed on 31 July 2023 Financial year closed on 31 December 2022; filing due at the latest 7 months after the close (Companies Code art. 3:10). 4 financial years without a filing since the last one filed. Source: NBB filings, as of 29 October 2026.

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

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

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.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€8,739 2021 Net result-€12,537 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial 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▲ 20×€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 format does not require them.
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
2021 value · change against 2020
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
Filed annual accounts As filed with the NBB · 2021 against 2020 · 34 lines
Balance sheet Code20202021
Assets
Total assets20/58€988,816€942,509▼
Current assets29/58€988,816€942,509▼
Stocks and contracts in progress3€899,059€899,059=
Stocks30/36-€899,059
Amounts receivable within one year40/41€85,407€40,550▼
Other amounts receivable41-€40,550
Cash at bank and in hand54/58€4,349€2,666▼
Deferred charges and accrued income490/1-€233
Equity and liabilities
Total equity and liabilities10/49€988,816€942,509▼
Equity10/15€383,786€371,248▼
Contributions10/11-€49,579
Reserves13€4,958€4,958=
Non-distributable reserves130/1-€4,958
Reserves not available under the articles1311-€4,958
Profit (loss) carried forward14€329,249€316,712▼
Amounts payable17/49€605,030€571,260▼
Amounts payable within one year42/48€605,030€571,260▼
Financial debts43-€250,000
Credit institutions430/8-€250,000
Trade debts44€30€928▲
Suppliers440/4-€928
Other amounts payable47/48-€320,332
Income statement Code20202021
Other operating charges640/8-€1,385
Gross operating margin9900-€4,025-€7,354▼
Operating profit (loss)9901-€4,155-€8,739▼
Financial income75/76B-€2,474
Recurring financial income75€4,339€2,474▼
Financial charges65/66B-€6,272
Recurring financial charges65€20€6,272▲
Profit (loss) for the period before taxes9903€163-€12,537▼
Profit (loss) for the period9904€163-€12,537▼
Profit (loss) for the period to be appropriated9905€163-€12,537▼
Appropriation of the result
Profit (loss) to be appropriated9906-€316,712
Profit (loss) brought forward from the previous period14P-€329,249

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
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▲ 314×
Profit (loss) for the period before taxes9903€5,963€935€163-€12,537-
Profit (loss) for the period9904€5,963€935€163-€12,537-
Profit (loss) for the period to be appropriated9905€5,963€935€163-€12,537-
Line2018201920202021Change
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▲ 31×
Suppliers440/4---€928-
Other amounts payable47/48---€320,332-
Line2018201920202021Change
Profit (loss) for the period9904€5,963€935€163-€12,537-
Operating cash flow (approximation)€5,963€935€163-€12,537-
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.

Download as CSV

Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference
31-12-2021 micro format 14-07-2022 2022-20201545
31-12-2020 micro format 06-07-2021 2021-31400189
31-12-2019 micro format 28-08-2020 2020-46300113
31-12-2018 micro format 16-07-2019 2019-33600206
31-12-2017 abbreviated format 17-07-2018 2018-33900019
31-12-2016 abbreviated format 29-08-2017 2017-50200579
31-12-2015 abbreviated format 18-07-2016 2016-33300277
31-12-2014 abbreviated format 14-07-2015 2015-30600265
31-12-2013 abbreviated format 18-07-2014 2014-31900417
31-12-2012 abbreviated format 28-08-2013 2013-49600014

Show all 32 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2022
Morre Frédéric
Director · since 01-09-2022
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2022, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Morre Frédéric
  • Director, from 01-09-2022 to date
Jean-Paul Morre
  • Director, until 31-08-2022
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

MORVAN was incorporated on 1 February 1989.1 The registered office was moved to Knokke-Heist in 2023.2 Since 2022, Morre Frédéric has served as director of the company.2 Total assets rose from €412,687 in 2018 to €942,509 in 2021.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 15-02-2023
  3. 3National Bank, annual accounts 2018 and 2021

Acts, filings and financial milestones

2026
28-08
KBO administration Late accounts filing
event 18-08-2026
2023
15-02
Gazette deed Resignation: Jean-Paul Morre (director)
Appointment: Morre Frédéric (director) · Registered-office move · Director discharge6 facts ▸
  • General meeting, 01-09-2022
  • Other provision, “aanwezigheid algemene vergadering”, 01-09-2022 (deed in Dutch) (2 times)
  • Registered-office move, 8300 Knokke-Heist, Keuvelhoekstraat 66
  • Director resignation, Jean-Paul Morre (director)
  • Director discharge, Jean-Paul Morre (director)
  • Director appointment, Morre Frédéric (director)
2022
14-07
NBB filing Annual accounts filed
financial year 2021 · micro format
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
financial year 2020 · micro format
2020
28-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 28 days late
2019
16-07
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
17-07
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
29-08
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 29 days late
2016
18-07
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
2015
14-07
NBB filing Annual accounts filed
financial year 2014 · abbreviated format
2014
18-07
NBB filing Annual accounts filed
financial year 2013 · abbreviated format
2013
28-08
NBB filing Annual accounts filed
financial year 2012 · abbreviated format · 28 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 32 annual accounts filed, the latest 10 are here; all 32 are under Financials.
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded01-02-1989
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1989
registered office establishment The establishment unit on the map
Ground area
304 m²
Building footprint
222 m²
Building volume
2,522 m³
2 parcels, Flanders · tallest building 24.5 m. Linked by address, not a title deed.
1 establishment unit
MORVAN
Dumortierlaan 41, 8300 Knokke-HeistRenting and operating of own or leased residential real estate, excluding social housing
since 1989unit no. 2.042.542.856
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
31333H0530/00V012 Flanders 188 m² 1 · 106 m² 9.0 m · 2
31334B0302/00_000 Flanders 116 m² 1 · 116 m² 24.5 m · 6
How the parcels are linked
Good to know
Both parcels match the address exactly.