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TOITURES MICHAEL MORSAINT

Active
Private limited company (pre-2019)founded 1999active for 27 yearsRue Monty (Sorée) 8, 5340 Gesves, BelgiumKBO/BCE: BE 0466.677.688
Summary

TOITURES MICHAEL MORSAINT has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €779,117 and a net result of €91,179. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 95% of 35,008 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 13-08-1999 Normal situation
Activity
Roofing work NACE 43410
Establishment unit
2.132.482.048 5340 Gesves, since 01-08-2003
Financial year end
31 December
Peppol
Reachable since 26-03-2026

Board and ownership

Board
  • MORSAINT MichaëlDirector · since 01-08-2003
Shareholders
  • Michaël MORSAINTannual accounts 2017

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€183,298
▲ 70.3%
Turnover
≈ €600,000
estimated
Profit
€91,179
▲ 113%
Equity
€779,117
▲ 13.3%
Total assets
€836,463
▲ 10.4%
Employees on 31-12-2025
1
=
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 13.22, cash €607,943Equity €779,117 (93.1% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 93.1% of total assets
Liquidity 100=
short-term debt 6.9% · cash 72.7%
Profitability 82+6
return on assets 10.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,685 companies, NACE 43, micro)
Last 24 months 12-2024: 0.1% 01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: 0.1%▲ +0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025highest value 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 13.22 (9.62 in 2024), above the usual 1.5. Short-term debt is 6.9% and cash 72.7% of total assets. 6.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 64% on profitability and 60% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 13.22, cash €607,943
NBB · annual accounts
lowers risk · Equity €779,117 (93.1% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
89 days late
2023
26 days late
2022
63 days late
2021
75 days late
2020
30 days late
2019
175 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 70 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 October (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in specialised constructionsector median 46.7% · 35,008 companies 93.1% View
  • Positive: 8 profitable years in a rowprofit 2025: €91,179 8 years View

Recent changes

  1. · Gazette deed Incorporation
All 13 events

Comparable companies

These companies have the same main activity as TOITURES MICHAEL MORSAINT: roofing work (NACE 43410). They are comparable in size and age: total assets between €579,000 and €957,000, founded between 1996 and 2004.

CompanyTotal assetsGross margin
TOITURES MICHAEL MORSAINT Gesves€836,463€183,298
REDANT & ZOON Ninove€797,534€200,188
THEO BOSMANS Maaseik€771,163€185,963
WIDAR JEAN-CLAUDE Wellen€869,695€164,123
HOUBEN EN ZOON Lummen€957,468€153,398
Toitures des Trois Provinces Durbuy€807,408€182,074
TOITURES MOREAU Floreffe€579,271€158,277
Full comparison

Key facts about TOITURES MICHAEL MORSAINT

What is the company number of TOITURES MICHAEL MORSAINT?
The company number of TOITURES MICHAEL MORSAINT is 0466.677.688. The VAT number is the same number with BE in front: BE 0466.677.688.
Where is TOITURES MICHAEL MORSAINT based?
The registered office is at Rue Monty (Sorée) 8, 5340 Gesves.Company details
What does TOITURES MICHAEL MORSAINT do?
According to the KBO register, the main activity is roofing work (NACE 43410).
What is the legal form of TOITURES MICHAEL MORSAINT?
TOITURES MICHAEL MORSAINT is a private limited company (pre-2019) (BVBA).
When was TOITURES MICHAEL MORSAINT founded?
TOITURES MICHAEL MORSAINT was founded on 13-08-1999.
Is TOITURES MICHAEL MORSAINT still active?
Yes, TOITURES MICHAEL MORSAINT is an active enterprise in the KBO register.
How many employees does TOITURES MICHAEL MORSAINT have?
TOITURES MICHAEL MORSAINT had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TOITURES MICHAEL MORSAINT?
The turnover in financial year 2025 is ≈ €600,000. This figure is estimated from the gross margin of €183,298 and 235 comparable companies (NACE 43). It probably lies between €460,000 and €850,000.
Is TOITURES MICHAEL MORSAINT profitable?
In financial year 2025, TOITURES MICHAEL MORSAINT made a profit of €91,179.
Where can I find the annual accounts of TOITURES MICHAEL MORSAINT?
TOITURES MICHAEL MORSAINT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TOITURES MICHAEL MORSAINT due?
TOITURES MICHAEL MORSAINT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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