THE MORE
ActiveSummary
The computed 12-month bankruptcy probability of THE MORE is 1.8% (moderate). The 2024 annual accounts show equity of €168,701 and a net result of €77,305. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 37% of 9619 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+1
Solvency53▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.72 in 2023; short-term debt: 34.9% and cash: 22.6% of total assets), but 71.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
49 d early
2022
49 d early
2021
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 45 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€168,701▲ 1.4%
2023 · €166,396
Total assets
€600,793▼ 9.8%
2023 · €666,047
Net result
€77,305▼ 2.0%
2023 · €78,851
Working capital
€128,299▼ 8.1%
2023 · €139,587
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2021202220232024
Operating result€241,434-€43,863▼ 81.8%€92,334▲ 111%€78,057▼ 15.5%
Net result€200,431above the sector's middle half-€32,114within the sector's middle half▼ 84.0%€78,851within the sector's middle half▲ 146%€77,305within the sector's middle half▼ 2.0%
Equity€150,431within the sector's middle half-€162,546within the sector's middle half▲ 8.1%€166,396within the sector's middle half▲ 2.4%€168,701within the sector's middle half▲ 1.4%
Total assets€934,502within the sector's middle half-€810,266within the sector's middle half▼ 13.3%€666,047within the sector's middle half▼ 17.8%€600,793within the sector's middle half▼ 9.8%
Debt€784,070-€647,720▼ 17.4%€499,651▼ 22.9%€432,092▼ 13.5%
Working capital€228,601-€231,484▲ 1.3%€139,587▼ 39.7%€128,299▼ 8.1%
Solvency16.1%below the sector's middle half-20.1%within the sector's middle half▲ 4.0pp25.0%within the sector's middle half▲ 4.9pp28.1%within the sector's middle half▲ 3.1pp
Staff (FTE)1.4below the sector's middle half-1.5below the sector's middle half▲ 7.1%1.8within the sector's middle half▲ 20.0%1.7within the sector's middle half▼ 5.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €600,793
Fixed assets
€262,611 ▼ 21.2%
Current assets
€338,182 ▲ 1.6%
Equity and liabilities €600,793
Equity
€168,701 ▲ 1.4%
Debt
€432,092 ▼ 13.5%
Debt's share of the balance-sheet total falls from 75.0% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€148,662▼
2023 · €162,939
Cash flow
€147,910▼
2023 · €149,456
Current ratio
1.61▼
2023 · 1.72
Quick ratio
0.69▲
2023 · 0.59
Debt to equity
2.56▼
2023 · 3.00
ROE
45.8%▼
2023 · 47.4%
ROA
12.9%▲
2023 · 11.8%
Interest coverage
25.03▲
2023 · 14.29
Debt ≤ 1 year
€209,883▲
2023 · €193,243
Debt > 1 year
€222,209▼
2023 · €290,032
Income taxes
€1,795▼
2023 · €2,464
Staff costs
€75,360▲
2023 · €73,710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 6,703 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €86,012 | €78,426 | €73,710 | €75,360 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,112 | €65,981 | €70,606 | €70,606 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €10,493 | - | - | - | - |
| Other operating charges640/8 | €1,599 | €1,492 | €1,740 | €795 | ▼ 54.3% |
| Gross operating margin9900 | €442,649 | €189,763 | €238,389 | €224,817 | ▼ 5.7% |
| Operating profit (loss)9901 | €241,434 | €43,863 | €92,334 | €78,057 | ▼ 15.5% |
| Financial income75/76B | €1,553 | €1,729 | €385 | €6,981 | ▲ 1,715% |
| Recurring financial income75 | €1,553 | €1,729 | €385 | €6,981 | ▲ 1,715% |
| Financial charges65/66B | €22,512 | €6,592 | €11,404 | €5,938 | ▼ 47.9% |
| Recurring financial charges65 | €22,512 | €6,592 | €11,404 | €5,938 | ▼ 47.9% |
| Profit (loss) for the period before taxes9903 | €220,475 | €39,000 | €81,314 | €79,100 | ▼ 2.7% |
| Income taxes67/77 | €20,043 | €6,886 | €2,464 | €1,795 | ▼ 27.2% |
| Profit (loss) for the period9904 | €200,431 | €32,114 | €78,851 | €77,305 | ▼ 2.0% |
| Profit (loss) for the period to be appropriated9905 | €200,431 | €32,114 | €78,851 | €77,305 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €934,502 | €810,266 | €666,047 | €600,793 | ▼ 9.8% |
| Fixed assets21/28 | €445,026 | €403,823 | €333,217 | €262,611 | ▼ 21.2% |
| Intangible fixed assets21 | €125,411 | €110,411 | €95,411 | €80,411 | ▼ 15.7% |
| Tangible fixed assets22/27 | €319,615 | €293,412 | €237,806 | €182,201 | ▼ 23.4% |
| Land and buildings22 | €234,100 | €206,100 | €178,100 | €150,100 | ▼ 15.7% |
| Plant, machinery and equipment23 | €63,883 | €68,760 | €47,960 | €27,160 | ▼ 43.4% |
| Furniture and vehicles24 | €21,632 | €18,551 | €11,745 | €4,940 | ▼ 57.9% |
| Current assets29/58 | €489,476 | €406,443 | €332,830 | €338,182 | ▲ 1.6% |
| Stocks and contracts in progress3 | €197,613 | €199,825 | €218,956 | €192,394 | ▼ 12.1% |
| Stocks30/36 | €197,613 | €199,825 | €218,956 | €192,394 | ▼ 12.1% |
| Amounts receivable within one year40/41 | €59,702 | €38,773 | €11,173 | €9,812 | ▼ 12.2% |
| Trade receivables40 | €19,460 | €38,773 | €11,090 | €5,301 | ▼ 52.2% |
| Other amounts receivable41 | €40,242 | - | €83 | €4,511 | ▲ 5,346% |
| Cash at bank and in hand54/58 | €232,161 | €167,845 | €102,701 | €135,976 | ▲ 32.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €934,502 | €810,266 | €666,047 | €600,793 | ▼ 9.8% |
| Equity10/15 | €150,431 | €162,546 | €166,396 | €168,701 | ▲ 1.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €50,431 | €62,546 | €66,396 | €68,701 | ▲ 3.5% |
| Distributable reserves133 | €50,431 | €62,546 | €66,396 | €68,701 | ▲ 3.5% |
| Amounts payable17/49 | €784,070 | €647,720 | €499,651 | €432,092 | ▼ 13.5% |
| Amounts payable after more than one year17 | €523,195 | €455,160 | €290,032 | €222,209 | ▼ 23.4% |
| Financial debts170/4 | €319,195 | €251,160 | €182,246 | €112,423 | ▼ 38.3% |
| Other amounts payable178/9 | €204,000 | €204,000 | €107,786 | €109,786 | ▲ 1.9% |
| Amounts payable within one year42/48 | €260,875 | €174,960 | €193,243 | €209,883 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | €67,158 | €65,034 | €68,915 | €69,823 | ▲ 1.3% |
| Trade debts44 | €24,197 | €62,426 | €19,594 | €38,286 | ▲ 95.4% |
| Suppliers440/4 | €24,197 | €62,426 | €19,594 | €38,286 | ▲ 95.4% |
| Taxes, remuneration and social security45 | €19,519 | €27,500 | €29,734 | €26,774 | ▼ 10.0% |
| Taxes450/3 | €19,519 | €19,585 | €21,019 | €20,982 | ▼ 0.2% |
| Remuneration and social security454/9 | - | €7,914 | €8,716 | €5,792 | ▼ 33.5% |
| Other amounts payable47/48 | €150,000 | €20,000 | €75,000 | €75,000 | = |
| Accrued charges and deferred income492/3 | - | €17,600 | €16,375 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200,431 | €32,114 | €78,851 | €77,305 | ▼ 2.0% |
| + Depreciation and write-downs630 | €103,112 | €65,981 | €70,606 | €70,606 | = |
| Operating cash flow (approximation) | €303,544 | €98,096 | €149,456 | €147,910 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | -€24,778 | €0 | €0 | - |
| Change in cash | - | -€64,316 | -€65,144 | €33,275 | ▲ 151% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €32,114 ▼84%
Net result drops to €32,114, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
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, Pelt · 1 establishment unit since 2020
Ground area
184 m²
Building footprint
107 m²
Volume, LiDAR
770 m³
Parcel 72025B0787/00X000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THE MORE
since 20202.302.059.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B0787/00X000 | Flanders | 184 m² | 1 · 107 m² | 11.9 m · 3 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 1,733 companies in sector 47742 we hold annual accounts for 1,139. 978 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
Founded11-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746798545
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.