MORYCE
ActiveSummary
MORYCE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,496 and a net result of €2,978. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 5897 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-6
Solvency42▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.73 in 2023; short-term debt: 45.1% and cash: 4.9% of total assets), and 83.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
16.8%
Return on assets
2.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5897 sector peers (2024).
NBB · sector comparisonPosition among 5897 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
29 d early
2022
28 d late
2021
31 d late
2020
2 d late
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€22,496▲ 15.3%
2023 · €19,519
Total assets
€133,721▼ 2.7%
2023 · €137,470
Net result
€2,978▼ 72.2%
2023 · €10,712
Working capital
-€15,075▲ 2.1%
2023 · -€15,391
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Operating result€1,938▼ 62.9%-€32€2,284€13,125▲ 475%€5,912▼ 55.0%
Net result€301within the sector's middle half▼ 91.0%-€1,526below the sector's middle half€545within the sector's middle half€10,712within the sector's middle half▲ 1,866%€2,978within the sector's middle half▼ 72.2%
Equity€9,787below the sector's middle half▲ 3.2%€8,262below the sector's middle half▼ 15.6%€8,807below the sector's middle half▲ 6.6%€19,519within the sector's middle half▲ 122%€22,496within the sector's middle half▲ 15.3%
Total assets€136,097within the sector's middle half▼ 1.8%€135,470within the sector's middle half▼ 0.5%€148,129within the sector's middle half▲ 9.3%€137,470within the sector's middle half▼ 7.2%€133,721within the sector's middle half▼ 2.7%
Debt€126,310▼ 2.1%€127,209▲ 0.7%€139,322▲ 9.5%€117,951▼ 15.3%€111,225▼ 5.7%
Working capital-€20,672▼ 2.9%-€10,505▲ 49.2%-€17,952▼ 70.9%-€15,391▲ 14.3%-€15,075▲ 2.1%
Solvency7.2%below the sector's middle half▲ 0.3pp6.1%below the sector's middle half▼ 1.1pp5.9%below the sector's middle half▼ 0.2pp14.2%below the sector's middle half▲ 8.3pp16.8%below the sector's middle half▲ 2.6pp
Staff (FTE)0.80.1▼ 87.5%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 55% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €133,721
Fixed assets
€88,471 ▼ 7.2%
Current assets
€45,251 ▲ 7.5%
Equity and liabilities €133,721
Equity
€22,496 ▲ 15.3%
Debt
€111,225 ▼ 5.7%
Debt's share of the balance-sheet total falls from 85.8% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,257▼
2023 · €20,404
Cash flow
€10,322▼
2023 · €17,991
Current ratio
0.75▲
2023 · 0.73
Quick ratio
0.69▲
2023 · 0.65
Debt to equity
4.94▼
2023 · 6.04
ROE
13.2%▼
2023 · 54.9%
ROA
2.2%▼
2023 · 7.8%
Interest coverage
7.78▼
2023 · 10.87
Debt ≤ 1 year
€60,326▲
2023 · €57,503
Debt > 1 year
€50,858▼
2023 · €60,354
Income taxes
€1,525▲
2023 · €950
Staff costs
€3,361▼
2023 · €28,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,058 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% | 1.6% |
| 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 74% 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 3,270 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,498 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €28,649 | €3,361 | ▼ 88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,263 | €15,383 | €7,415 | €7,279 | €7,344 | ▲ 0.9% |
| Other operating charges640/8 | - | €1,174 | €1,070 | €1,230 | €1,286 | ▲ 4.6% |
| Gross operating margin9900 | €16,255 | €16,525 | €10,769 | €50,282 | €17,904 | ▼ 64.4% |
| Operating profit (loss)9901 | €1,938 | -€32 | €2,284 | €13,125 | €5,912 | ▼ 55.0% |
| Financial income75/76B | - | €328 | €333 | €414 | €294 | ▼ 29.0% |
| Recurring financial income75 | €288 | €328 | €333 | €414 | €294 | ▼ 29.0% |
| Financial charges65/66B | - | €1,822 | €2,072 | €1,877 | €1,704 | ▼ 9.3% |
| Recurring financial charges65 | €1,925 | €1,822 | €2,072 | €1,877 | €1,704 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €301 | -€1,526 | €545 | €11,662 | €4,503 | ▼ 61.4% |
| Income taxes67/77 | - | - | - | €950 | €1,525 | ▲ 60.6% |
| Profit (loss) for the period9904 | €301 | -€1,526 | €545 | €10,712 | €2,978 | ▼ 72.2% |
| Profit (loss) for the period to be appropriated9905 | €301 | -€1,526 | €545 | €10,712 | €2,978 | ▼ 72.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,097 | €135,470 | €148,129 | €137,470 | €133,721 | ▼ 2.7% |
| Formation expenses20 | €520 | - | - | - | - | - |
| Fixed assets21/28 | €94,546 | €97,522 | €97,447 | €95,358 | €88,471 | ▼ 7.2% |
| Intangible fixed assets21 | €200 | - | - | - | - | - |
| Tangible fixed assets22/27 | €94,346 | €97,522 | €97,447 | €95,358 | €88,471 | ▼ 7.2% |
| Land and buildings22 | - | €74,136 | €77,962 | €78,820 | €75,375 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €2,069 | €1,100 | €1,087 | €576 | ▼ 47.0% |
| Furniture and vehicles24 | - | €21,317 | €18,384 | €15,452 | €12,519 | ▼ 19.0% |
| Current assets29/58 | €41,031 | €37,949 | €50,682 | €42,112 | €45,251 | ▲ 7.5% |
| Stocks and contracts in progress3 | €5,750 | €11,000 | €4,000 | €5,000 | €3,500 | ▼ 30.0% |
| Stocks30/36 | - | €6,000 | €4,000 | €5,000 | €3,500 | ▼ 30.0% |
| Contracts in progress37 | - | €5,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €28,719 | €19,615 | €39,976 | €31,609 | €33,719 | ▲ 6.7% |
| Trade receivables40 | - | €19,587 | €39,537 | €29,228 | €33,184 | ▲ 13.5% |
| Other amounts receivable41 | - | €27 | €438 | €2,381 | €534 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €2,562 | €6,112 | €5,432 | €3,963 | €6,587 | ▲ 66.2% |
| Deferred charges and accrued income490/1 | - | €1,222 | €1,275 | €1,540 | €1,445 | ▼ 6.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,097 | €135,470 | €148,129 | €137,470 | €133,721 | ▼ 2.7% |
| Equity10/15 | €9,787 | €8,262 | €8,807 | €19,519 | €22,496 | ▲ 15.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | €919 | €3,896 | ▲ 324% |
| Distributable reserves133 | - | - | - | €919 | €3,896 | ▲ 324% |
| Profit (loss) carried forward14 | -€8,813 | -€10,338 | -€9,793 | €0 | - | - |
| Amounts payable17/49 | €126,310 | €127,209 | €139,322 | €117,951 | €111,225 | ▼ 5.7% |
| Amounts payable after more than one year17 | €64,607 | €78,754 | €69,652 | €60,354 | €50,858 | ▼ 15.7% |
| Financial debts170/4 | - | €78,754 | €69,652 | €60,354 | €50,858 | ▼ 15.7% |
| Amounts payable within one year42/48 | €61,703 | €48,454 | €68,634 | €57,503 | €60,326 | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | - | €8,912 | €10,412 | €10,869 | €10,806 | ▼ 0.6% |
| Trade debts44 | €6,806 | €3,479 | €13,497 | €6,363 | €9,096 | ▲ 42.9% |
| Suppliers440/4 | - | €3,479 | €13,497 | €6,363 | €9,096 | ▲ 42.9% |
| Taxes, remuneration and social security45 | - | €1,881 | €5,998 | €7,352 | €7,206 | ▼ 2.0% |
| Taxes450/3 | - | €1,881 | €5,998 | €5,179 | €4,086 | ▼ 21.1% |
| Remuneration and social security454/9 | - | - | - | €2,173 | €3,119 | ▲ 43.6% |
| Other amounts payable47/48 | - | €34,182 | €38,727 | €32,919 | €33,219 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | - | €1,036 | €94 | €41 | ▼ 56.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €301 | -€1,526 | €545 | €10,712 | €2,978 | ▼ 72.2% |
| + Depreciation and write-downs630 | €13,263 | €15,383 | €7,415 | €7,279 | €7,344 | ▲ 0.9% |
| Operating cash flow (approximation) | €13,564 | €13,858 | €7,960 | €17,991 | €10,322 | ▼ 42.6% |
| Investment in fixed assets (approximation) | - | -€18,358 | -€7,340 | -€5,190 | -€456 | ▲ 91.2% |
| Change in cash | - | €3,550 | -€680 | -€1,469 | €2,624 | ▲ 279% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €10,712 ▲1,866%
Operating result €13,125, net result €10,712, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €545
Net result €545 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial
Back to profitnet €3,356
Net result €3,356 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 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, Damme · 1 establishment unit since 2017
Ground area
627 m²
Building footprint
88 m²
Volume, LiDAR
539 m³
Parcel 31026D0004/02C010, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Robin Meerschaert
since 20172.263.653.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026D0004/02C010 | Flanders | 627 m² | 1 · 88 m² | 9.4 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 21,225 companies in sector 81300 we hold annual accounts for 4,366. 3,213 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
Founded12-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669508054
Also
9925:BE0669508054
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.