PETER MOREELS
ActivePETER MOREELS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €-7k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency50▼-50
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.36 against 3.27 in 2024), and 72.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
27.6%
Return on assets
-9.1%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
61 d early
2022
59 d early
2021
59 d early
2020
65 d early
2019
53 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 24.8%
2024 · €29k
2018: €28k
2019: €37k
2020: €40k
2021: €25k
2022: €30k
2023: €41k
2024: €29k
2018 → 2025
Total assets
€79k▲ 89.0%
2024 · €42k
2018: €75k
2019: €107k
2020: €64k
2021: €42k
2022: €67k
2023: €51k
2024: €42k
2018 → 2025
Net result
€-7k▲ 39.4%
2024 · €-12k
2018: €3k
2019: €10k
2020: €3k
2021: €-15k
2022: €6k
2023: €11k
2024: €-12k
2018 → 2025
Working capital
€17k▼ 42.0%
2024 · €28k
2018: €12k
2019: €23k
2020: €30k
2021: €23k
2022: €28k
2023: €40k
2024: €28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€30k▲ 23.3%€41k▲ 34.9%€29k▼ 29.1%€22k▼ 24.8%
Operating result€-13k-€7k€15k▲ 105%€-10k€-4k▲ 64.2%
Net result€-15k-€6k€11k▲ 84.6%€-12k€-7k▲ 39.4%
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 €4k in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€17k▲ 1,841%
Current assets
€62k▲ 51.5%
Equity and liabilities €79k
Equity
€22k▼ 24.8%
Debt
€57k▲ 346%
The debt ratio rises from 30.7% to 72.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-9k
Cash flow
€-6k▲
2024 · €-11k
Solvency
27.6%▼
2024 · 69.3%
Current ratio
1.36▼
2024 · 3.27
Quick ratio
0.94▼
2024 · 2.82
Debt / equity
2.63▲
2024 · 0.44
ROE
-33.1%▲
2024 · -41.0%
ROA
-9.1%▲
2024 · -28.4%
Interest coverage
-0.77▲
2024 · -5.19
Debt
€57k▲
2024 · €13k
Debt ≤ 1 year
€46k▲
2024 · €13k
Debt > 1 year
€12k
Income taxes
€38▲
2024 · €30
Staff costs
€213▼
2024 · €417
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€42k€79k▲
Fixed assets21/28€879€17k▲
Tangible fixed assets22/27€647€17k▲
Plant, machinery and equipment23€647€275▼
Furniture and vehicles24€0€17k▲
Financial fixed assets28€233€233=
Current assets29/58€41k€62k▲
Stocks and contracts in progress3€6k€19k▲
Stocks30/36€6k€4k▼
Contracts in progress37€0€15k▲
Amounts receivable within one year40/41€22k€43k▲
Trade receivables40€15k€35k▲
Other amounts receivable41€7k€8k▲
Cash at bank and in hand54/58€13k€32▼
Deferred charges and accrued income490/1€552€552=
Equity and liabilities
Total equity and liabilities10/49€42k€79k▲
Equity10/15€29k€22k▼
Contributions10/11€12k€12k=
Reserves13€29k€29k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€-12k€-19k▼
Amounts payable17/49€13k€57k▲
Amounts payable after more than one year17-€12k
Financial debts170/4-€12k
Amounts payable within one year42/48€13k€46k▲
Current portion of amounts payable after more than one year42€1k€7k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€8k€28k▲
Suppliers440/4€8k€28k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€755€1k▲
Accrued charges and deferred income492/3€300€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€417€213▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€665€806▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-8k€-404▲
Operating profit (loss)9901€-10k€-4k▲
Financial income75/76B-€56
Recurring financial income75-€56
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-12k€-7k▲
Income taxes67/77€30€38▲
Profit (loss) for the period9904€-12k€-7k▲
Profit (loss) for the period to be appropriated9905€-12k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-19k▼
Profit (loss) brought forward from the previous period14P-€-12k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €11k ▲84.6%
Operating result €15k, net result €11k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.02
Current ratio from 1.78 to 5.02; short-term debt falls from €36k to €10k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-15k ▼689%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat(Kor) 158500 KortrijkGround area
446 m²
Building footprint
248 m²
Volume, LiDAR
3,776 m³
Parcel 34022E0027/00M004, Flanders · tallest building 18.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PETER MOREELS
since 20102.185.093.561
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0027/00M004 | Flanders | 446 m² | 1 · 248 m² | 18.2 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 22,728 companies in sector 43211 we hold annual accounts for 10,269. 7,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-02-2010
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.