MORA

Active

Private limited companyfounded 200620 yrs activeKleinhoefstraat 5/35, 2440 Geel, BelgiumKBO/BCE: BE 0879.621.635

Summary

The computed 12-month bankruptcy probability of MORA is 2.2% (moderate). The annual accounts of MORA for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €4.9m and a net result of -€12.0m. Equity is shrinking by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 776 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

MORAActiveChecked score 52/100

Risk analysis Report Compare

Activity

Manufacture of food products

NACE 10130

#6 employer in Geel, Manufacturing sector2 sites

Size

€59.5mturnover 2025

Staff: 73.8 FTE
Equity: €4.9m
Loss: -€12.0m

Financial health

52 Fair Checked score 2025

Bankruptcy chance 12 m: 2.2%

Structure

Parent: McCain Luxembourg Holdings S.a.r.l.
Board: 2 members

Auditor: BV PwC BedrijfsrevisorenAccounts 18 d early

Why 52- Loss of €12.0m (FY 2025)- Equity €4.9m (18.0% of total assets)- 1 change of registered office in 24 months- Sector Manufacture of food products (NACE 10)Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 26% of its sector peers (NACE 10, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 43-42

equity 18.0% of total assets

Liquidity 45+12

short-term debt 26.5% · cash 4.6%

Profitability 0-83

return on assets -43.6%

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (225 companies)

Last 24 months 11-2024: 0.2% 12-2024: 0.3%▲ +15.6% vs 11-2024 01-2025: 0.2%▼ -16.8% vs 12-2024lowest value 02-2025: 0.2%● 0.0% vs 01-2025lowest value 03-2025: 0.2%● 0.0% vs 02-2025lowest value 04-2025: 0.2%▲ +4.8% vs 03-2025 05-2025: 0.2%● 0.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%● 0.0% vs 06-2025 08-2025: 0.2%▼ -3.8% vs 07-2025 09-2025: 0.2%▲ +1.7% vs 08-2025 10-2025: 0.3%▲ +9.4% vs 09-2025 11-2025: 0.3%▲ +3.1% vs 10-2025 12-2025: 0.3%▲ +12.5% vs 11-2025 01-2026: 0.4%▲ +21.5% vs 12-2025 02-2026: 1.5%▲ +315% vs 01-2026 03-2026: 1.5%● 0.0% vs 02-2026 04-2026: 1.5%● 0.0% vs 03-2026 05-2026: 1.5%● 0.0% vs 04-2026 06-2026: 1.5%● 0.0% vs 05-2026 07-2026: 2.1%▲ +39.0% vs 06-2026 08-2026: 2.0%▼ -2.9% vs 07-2026 09-2026: 2.0%● 0.0% vs 08-2026 10-2026: 2.2%▲ +8.6% vs 09-2026highest value

Loss of €12.0m (FY 2025) raises the probability
Equity €4.9m (18.0% of total assets) raises the probability
1 change of registered office in 24 months raises the probability
Sector Manufacture of food products (NACE 10) raises the probability

Credit up to €250,000 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 1.85 against 1.11 in 2024; short-term debt: 26.5% and cash: 4.6% of total assets), but 82% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, medium-sized). Better than this share of them on solvency 19%, liquidity 68%, profitability 3%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Loss of €12.0m (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €4.9m (18.0% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Sector Manufacture of food products (NACE 10)

In the bankruptcy model this factor raises the probability.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 776 sector peers (2025).

NBB · sector comparison

Position among 776 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

18 d early

2024

44 d early

2023

41 d early

2022

13 d early

2021

20 d early

2020

45 d early

2019

43 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 11 January (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close07-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

31-07-26 Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)Reappointment: PwC Bedrijfsrevisoren BV (statutory…
08-07-26 Annual accounts filedfiscal year 2025 · consolidated
04-06-26 Registered officeRegistered-office move · Power of…

Key points

Caution: From profit to loss in 2025after €3.7m in 2024 -€12.0m View
Caution: Among the weakest 5% on net resultsector median €140,460 · 779 companies -€12.0m View
Caution: Board changedlatest change 10-10-2025 · 2 in office 1 joined · 2 left View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by McCain Luxembourg Holdings S.a.r.l. parent View