MORVAN MANAGEMENT
ActiveSummary
MORVAN MANAGEMENT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €19k. Its solvency ranks better than 38% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-3
Solvency64▲+14
Growth68
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.15 in 2024; short-term debt: 58.6% and cash: 36.6% of total assets), and 61.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
38.6%
Return on assets
17.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
6 d late
2024
6 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Turnover
€150k▲ 20.0%
2024 · €125k
EBIT margin
18.5%▼ 4.5pp
2024 · 23.0%
Net result
€19k▼ 3.9%
2024 · €20k
Working capital
€-1k
2024 · €8k
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
Line20242025
Turnover€125k-€150k▲ 20.0%
Operating result€29k-€28k▼ 3.4%
Net result€20k-€19k▼ 3.9%
EBIT margin23.0%-18.5%▼ 4.5pp
Equity€23k-€42k▲ 83.4%
Total assets€91k-€108k▲ 18.5%
Debt€68k-€66k▼ 3.1%
Working capital€8k-€-1k
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 falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€46k ▲ 52.8%
Current assets
€62k ▲ 1.7%
Equity and liabilities €108k
Equity
€42k ▲ 83.4%
Debt
€66k ▼ 3.1%
Debt's share of the balance-sheet total falls from 75.1% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €34k
Cash flow
€28k▲
2024 · €25k
Current ratio
0.98▼
2024 · 1.15
Debt to equity
1.59▼
2024 · 3.01
ROE
45.5%▼
2024 · 86.8%
ROA
17.5%▼
2024 · 21.6%
Interest coverage
36.89▼
2024 · 41.93
Debt ≤ 1 year
€63k▲
2024 · €53k
Debt > 1 year
€3k▼
2024 · €15k
Income taxes
€8k▼
2024 · €8k
Staff costs
€1k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €125k | €150k | ▲ 20.0% |
| Goods, raw materials, services and sundry goods60/61 | €104k | €113k | ▲ 8.6% |
| Remuneration, social security and pensions62 | €1k | €1k | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €9k | ▲ 73.6% |
| Other operating charges640/8 | €1k | €992 | ▼ 13.0% |
| Gross operating margin9900 | €36k | €39k | ▲ 7.2% |
| Operating profit (loss)9901 | €29k | €28k | ▼ 3.4% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €804 | €985 | ▲ 22.6% |
| Recurring financial charges65 | €804 | €985 | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | €28k | €27k | ▼ 4.2% |
| Income taxes67/77 | €8k | €8k | ▼ 4.9% |
| Profit (loss) for the period9904 | €20k | €19k | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €20k | €19k | ▼ 3.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €91k | €108k | ▲ 18.5% |
| Fixed assets21/28 | €30k | €46k | ▲ 52.8% |
| Tangible fixed assets22/27 | €30k | €46k | ▲ 52.8% |
| Plant, machinery and equipment23 | - | €3k | - |
| Furniture and vehicles24 | €30k | €43k | ▲ 42.4% |
| Current assets29/58 | €61k | €62k | ▲ 1.7% |
| Amounts receivable within one year40/41 | - | €21k | - |
| Trade receivables40 | - | €21k | - |
| Cash at bank and in hand54/58 | €60k | €39k | ▼ 33.9% |
| Deferred charges and accrued income490/1 | €1k | €2k | ▲ 35.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €91k | €108k | ▲ 18.5% |
| Equity10/15 | €23k | €42k | ▲ 83.4% |
| Contributions10/11 | €3k | €3k | = |
| Outside capital11 | €3k | €3k | = |
| Other1109/19 | €3k | €3k | = |
| Reserves13 | €20k | €38k | ▲ 94.9% |
| Distributable reserves133 | €20k | €38k | ▲ 94.9% |
| Profit (loss) carried forward14 | €211 | €652 | ▲ 209% |
| Amounts payable17/49 | €68k | €66k | ▼ 3.1% |
| Amounts payable after more than one year17 | €15k | €3k | ▼ 80.0% |
| Financial debts170/4 | €15k | €3k | ▼ 80.0% |
| Amounts payable within one year42/48 | €53k | €63k | ▲ 19.1% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | = |
| Trade debts44 | €3k | €0 | ▼ 100% |
| Suppliers440/4 | €3k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €27k | €37k | ▲ 35.7% |
| Taxes450/3 | €20k | €28k | ▲ 43.7% |
| Remuneration and social security454/9 | €8k | €9k | ▲ 15.5% |
| Other amounts payable47/48 | €10k | €14k | ▲ 33.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €19k | ▼ 3.9% |
| + Depreciation and write-downs630 | €5k | €9k | ▲ 73.6% |
| Operating cash flow (approximation) | €25k | €28k | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | €-24k | - |
| Change in cash | - | €-20k | - |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Hannut · 1 establishment unit since 2023
Ground area
4,980 m²
Building footprint
174 m²
Volume, LiDAR
1,148 m³
Parcel 64034A0427/00P000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MORVAN MANAGEMENT
since 20232.353.619.480
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034A0427/00P000 | Wallonia | 4,980 m² | 1 · 173 m² | 8.8 m · 2 fl. |
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 82,632 companies in sector 70200 we hold annual accounts for 52,587. 37,010 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
Founded21-12-2023
Fiscal year end31-12
Abbreviation FR
M.M
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.