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MOREL OPTICIENS

Active Public limited companyfounded 1988active for 38 yearsAvenue de Maire 24, 7500 TournaiKBO/BCE: BE 0435.357.378

Lifetime

19 annual accounts with figures on one time axis, 26 filings since 2000
peak €2.4m (2025)
€2.4m▲ 123%
lowest -€9,114 (2013)
€1.1m▲ 15.0%
peak €4.7m (2025)
€4.7m▲ 31.7%
€4.3m▼ 32.4%
peak 26.6 FTE (2025)
26.6 FTE▲ 129%
Board13 names since 2013all names
9 directors and 8 others
Documentsfilings and deeds
24-04-20266 days before the deadline
2025financial year
Gross margin from €1.1m to €2.4mStaff from 11.6 FTE to 26.6 FTEMerger: MOREL OPTICIENS takes over OPTIQUE BERNARD DERENNE 12-03Equity from €3.5m to €4.7mDebts from €6.3m to €4.3mCash from €173,126 to €1.5m

Key points

from the 2025 annual accounts

Overdue debts

€52,179 on 30-09-2025
Overdue tax debts
€2,190
Overdue social security (RSZ) debts
€49,989

The annual accounts state €2,190 of overdue tax debts and €49,989 of overdue social security (RSZ) debts on 30-09-2025.

Equity

€4.7m ▲ 31.7%

MOREL OPTICIENS has made a profit without a break since 2014.

Investments

€3.8m 5.6 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 29.6% higher than in 2024.

Liquidity

0.80 was 0.27 in 2024

Short-term debts fell from €5.3m to €3.6m.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 20,135 companies had the same profile as MOREL OPTICIENS has now. Each dot stands for 51 companies, two years later.

95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,135 companies, not a prediction for MOREL OPTICIENS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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Signals

Board and ownership

Director, since 01-01-2019
Director, since 01-01-2019
Director, since 01-03-2019
Director, since 01-03-2019
Director, since 01-03-2019
Director, since 01-03-2019
and 3 others

Shares in 2 companies, and

Board & ownership

Recent changes

Merger: MOREL OPTICIENS takes over OPTIQUE DEBOULLE “extension par ajout des activités des sociétés absorbées” (deed in French) · The company holds all the shares of VISION VINCENT BILLIET · General meeting of 19-06-2026 · Gazette deed
Merger proposal: MOREL OPTICIENS takes over OPTIQUE DEBOULLE Gazette deed
5 establishments registered Sint-Gillis (bij-Brussel), Vielsalm, Arlon, Messancy and Hoeilaart
Registered in the Peppol Directory Reachable for e-invoices through 0208:0435357378
All 54 events

Comparable companies

same main activity, similar in size and age
Company
MOREL OPTICIENS Tournai - - 51.4% 26.6
SOLUTIONS4MATERIALS Herentals €8.4m -0.2% 21.3% 38.6
POINT DE MIRE DU BASSIN DE CHARLEROI Charleroi €3.7m 5.5% 75.2% 18.4
OPTIEK SONCK Lokeren - - 68.4% -
Claeyssens Oog en Oor Ghent - - 49.0% 12.9
Kamera Express Belgium Antwerp - - 50.5% 56.9
Grobet en Kinderen Antwerp - - 79.9% 10.4

These companies have the same main activity as MOREL OPTICIENS: retail sale of prescription glasses, lenses and sunglasses (NACE 47742). They are comparable in size and age: total assets between €2.7m and €9.5m, founded between 1968 and 2011.

Official details

Source: KBO
Status
Active since 16-09-1988Normal situation
Activity
Retail sale of prescription glasses, lenses and sunglassesNACE 47742
Joint committee
201Independent retail · annual accounts 30-09-2025
Establishment units
2.040.651.1587711 Mouscron, since 26-10-1988
2.131.694.5667700 Mouscron, since 15-05-2001and 12 others
Financial year end
30 September
Peppol
Reachable since 04-11-2025
Company details

Annual accounts to 30-09-2025

≈ €6.3mestimated
€9.1m▼ 9.3%
Employeeson 30-09-2025
27▲ 92.9%
Filing
Filed on 24-04-2026, 6 days before the end of the filing period
Financials

Insights on MOREL OPTICIENS

MOREL OPTICIENS has existed since 1988. The present size dates from 2025. The gross margin rose that year from €1.1m to €2.4m and staff from 11.6 to 26.6 full-time equivalents. On 18 December 2024 four sites were added.

The gross margin has grown every year since 2022. Solvency rose in 2025 from 35.4% to 51.4% because of the retained profit and lower debts.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MOREL OPTICIENS

What is the company number of MOREL OPTICIENS?
The company number of MOREL OPTICIENS is 0435.357.378. The VAT number is the same number with BE in front: BE 0435.357.378.
Where is MOREL OPTICIENS based?
The registered office is at Avenue de Maire 24, 7500 Tournai.Company details
What does MOREL OPTICIENS do?
According to the KBO register, the main activity is retail sale of prescription glasses, lenses and sunglasses (NACE 47742).
What is the legal form of MOREL OPTICIENS?
MOREL OPTICIENS is a public limited company (NV).
When was MOREL OPTICIENS founded?
MOREL OPTICIENS was founded on 16-09-1988.
Is MOREL OPTICIENS still active?
Yes, MOREL OPTICIENS is an active enterprise in the KBO register.
How many employees does MOREL OPTICIENS have?
MOREL OPTICIENS had an average of 26.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MOREL OPTICIENS fall under?
In its 30-09-2025 annual accounts, MOREL OPTICIENS states joint committee 201 (Independent retail).
What is the turnover of MOREL OPTICIENS?
The turnover in financial year 2025 is ≈ €6.3m. This figure is estimated from the gross margin of €2.4m and 31 comparable companies (NACE 477). It probably lies between €4.6m and €8.8m.
Is MOREL OPTICIENS profitable?
In financial year 2025, MOREL OPTICIENS made a profit of €1.1m.
Where can I find the annual accounts of MOREL OPTICIENS?
MOREL OPTICIENS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MOREL OPTICIENS due?
MOREL OPTICIENS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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