Morael
ActiveSummary
Morael has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €-7k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-55
Solvency80▼-15
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.61 in 2023; short-term debt: 45.1% and cash: 73.1% of total assets), and 45.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
54.9%
Return on assets
-20.7%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-7k
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
18 d early
2022
18 d late
2021
26 d late
2020
22 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€29k▼ 19.6%
2023 · €37k
2021: €47k
2022: €31k
2023: €37k
2021 → 2024
EBIT margin
-24.0%▼ 24.0pp
2023 · 0.0%
2021: 0.5%
2022: -12.7%
2023: 0.0%
2021 → 2024
Net result
€-7k▼ 864%
2023 · €-736
2018: €2k
2019: €5k
2020: €-322
2021: €238
2022: €-4k
2023: €-736
2018 → 2024
Working capital
€12k▼ 33.5%
2023 · €18k
2018: €35k
2019: €34k
2020: €28k
2021: €28k
2022: €26k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€47k€31k▼ 35.2%€37k▲ 19.9%€29k▼ 19.6%
Equity€38k-€39k▲ 0.6%€35k▼ 10.0%€26k▼ 25.4%€19k▼ 27.4%
Operating result€-320-€237€-4k€-11▲ 99.7%€-7k▼ 64,145%
Net result€-322-€238€-4k€-736▲ 81.0%€-7k▼ 864%
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 €7k in 2024 against €11 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34k
Fixed assets
€7k ▼ 13.2%
Current assets
€27k ▼ 6.2%
Equity and liabilities €34k
Equity
€19k ▼ 27.4%
Debt
€15k ▲ 37.8%
Debt's share of the balance-sheet total rises from 30.2% to 45.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2023 · €1k
Cash flow
€-6k▼
2023 · €301
Current ratio
1.78▼
2023 · 2.61
Debt to equity
0.82▲
2023 · 0.43
ROE
-37.7%▼
2023 · -2.8%
ROA
-20.7%▼
2023 · -2.0%
Interest coverage
-215.36▼
2023 · 33.10
Debt ≤ 1 year
€15k▲
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€37k€34k▼
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€5k€4k▼
Financial fixed assets28€2k€2k=
Current assets29/58€29k€27k▼
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€3k€2k▼
Other amounts receivable41-€464
Cash at bank and in hand54/58€26k€25k▼
Equity and liabilities
Total equity and liabilities10/49€37k€34k▼
Equity10/15€26k€19k▼
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€3k€-4k▼
Amounts payable17/49€11k€15k▲
Amounts payable within one year42/48€11k€15k▲
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€56-
Taxes450/3€56-
Other amounts payable47/48€6k€6k▲
Income statement
Code20232024
Turnover70€37k€29k▼
Goods, raw materials, services and sundry goods60/61€36k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€44€140▲
Gross operating margin9900€1k€-6k▼
Operating profit (loss)9901€-11€-7k▼
Financial charges65/66B€31€28▼
Recurring financial charges65€31€28▼
Profit (loss) for the period before taxes9903€-42€-7k▼
Income taxes67/77€694-
Profit (loss) for the period9904€-736€-7k▼
Profit (loss) for the period to be appropriated9905€-736€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-736€-4k▼
Profit (loss) brought forward from the previous period14P-€3k
Transfer from equity791/2€3k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €238
Net result €238 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 22 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
31-12
Financial
Highest result since 2018net €5k ▲102%
Operating result €6k, net result €5k, both a record.
31-12
Financial
Liquidity times 9current ratio 32.33
Current ratio from 3.50 to 32.33; short-term debt falls from €14k to €1k.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2001
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.
Ruytenburgstraat 362600 AntwerpenGround area
195 m²
Building footprint
161 m²
Volume, LiDAR
1,384 m³
Parcel 11303C0256/00C009, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MORAEL.NET
since 20012.101.265.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0256/00C009 | Flanders | 195 m² | 1 · 161 m² | 14.6 m · 3 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 16,884 companies in sector 62100 we hold annual accounts for 8,775. 5,698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.