MORELIMMO
ActiveMORELIMMO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.38M and a net result of €728k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+13
Solvency73=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.65 in 2024; short-term debt: 24.1% and cash: 14.9% of total assets), and 52.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.9%
Return on assets
14.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
51 d early
2023
57 d early
2022
45 d early
2021
38 d early
2020
53 d early
2019
58 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€728k
2024 · €-37k
2018: €41k
2019: €59k
2020: €96k
2021: €53k
2022: €166k
2023: €162k
2024: €-37k
2018 → 2025
Working capital
€274k
2024 · €-393k
2018: €-230k
2019: €-252k
2020: €-231k
2021: €-555k
2022: €-325k
2023: €-64k
2024: €-393k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.19M-€1.36M▲ 14.0%€1.68M▲ 24.3%€1.65M▼ 2.2%€2.38M▲ 44.2%
Operating result€96k-€254k▲ 165%€231k▼ 9.1%€39k▼ 83.1%€52k▲ 33.9%
Net result€53k-€166k▲ 215%€162k▼ 2.6%€-37k€728k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.96M
Fixed assets
€3.49M▲ 27.1%
Current assets
€1.47M▲ 104%
Equity and liabilities €4.96M
Equity
€2.38M▲ 44.2%
Provisions
€75k▼ 5.3%
Debt
€2.51M▲ 44.4%
The debt ratio rises from 50.2% to 50.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€193k▼
2024 · €259k
Cash flow
€869k▲
2024 · €182k
Solvency
47.9%▲
2024 · 47.5%
Current ratio
1.23▲
2024 · 0.65
Quick ratio
1.23▲
2024 · 0.65
Debt / equity
1.06▲
2024 · 1.06
ROE
30.7%▲
2024 · -2.3%
ROA
14.7%▲
2024 · -1.1%
Interest coverage
2.11▼
2024 · 2.97
Debt
€2.51M▲
2024 · €1.74M
Debt ≤ 1 year
€1.20M▲
2024 · €1.11M
Debt > 1 year
€1.31M▲
2024 · €625k
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€3.47M€4.96M▲
Fixed assets21/28€2.75M€3.49M▲
Tangible fixed assets22/27€1.89M€2.63M▲
Land and buildings22€1.89M€2.50M▲
Assets under construction and advance payments27-€130k
Financial fixed assets28€856k€856k=
Current assets29/58€720k€1.47M▲
Amounts receivable within one year40/41€658k€731k▲
Trade receivables40€239k€206k▼
Other amounts receivable41€419k€525k▲
Cash at bank and in hand54/58€62k€740k▲
Deferred charges and accrued income490/1€482€0▼
Equity and liabilities
Total equity and liabilities10/49€3.47M€4.96M▲
Equity10/15€1.65M€2.38M▲
Contributions10/11€498k€498k=
Reserves13€1.19M€1.88M▲
Tax-exempt reserves132€276k€263k▼
Distributable reserves133€910k€1.61M▲
Profit (loss) carried forward14€-37k€0▲
Provisions and deferred taxes16€79k€75k▼
Deferred taxes168€79k€75k▼
Amounts payable17/49€1.74M€2.51M▲
Amounts payable after more than one year17€625k€1.31M▲
Financial debts170/4€625k€1.31M▲
Amounts payable within one year42/48€1.11M€1.20M▲
Current portion of amounts payable after more than one year42€78k€125k▲
Trade debts44€99k€142k▲
Suppliers440/4€99k€142k▲
Advances received on contracts in progress46€52k€0▼
Taxes, remuneration and social security45€69k€68k▼
Taxes450/3€69k€68k▼
Other amounts payable47/48€816k€862k▲
Accrued charges and deferred income492/3€565€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220k€141k▼
Other operating charges640/8€24k€24k▼
Gross operating margin9900€283k€218k▼
Operating profit (loss)9901€39k€52k▲
Financial income75/76B€8k€763k▲
Recurring financial income75€8k€763k▲
Financial charges65/66B€87k€92k▲
Recurring financial charges65€87k€92k▲
Profit (loss) for the period before taxes9903€-40k€724k▲
Transfer from deferred taxes780€3k€4k▲
Transfer to deferred taxes680€0-
Income taxes67/77€0-
Profit (loss) for the period9904€-37k€728k▲
Transfer from tax-exempt reserves789€9k€13k▲
Transfer to tax-exempt reserves689€9k€0▼
Profit (loss) for the period to be appropriated9905€-37k€741k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€704k▲
Profit (loss) brought forward from the previous period14P-€-37k
Transfer to equity691/2€0€704k▲
To other reserves6921€0€704k▲
The notes to these accounts (13 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €728k
Net result €728k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.38M ▲44.2%
Equity rises from €1.65M to €2.38M.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-37k ▼123%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €1MEq €1.04M ▲6%
2 profitable years in a row build equity to €1.04M.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tournai · 1 establishment unit since 2000
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.
Avenue de Maire(TOU) 247500 TournaiGround area
1,754 m²
Building footprint
325 m²
Volume, LiDAR
3,656 m³
2 parcels, Wallonia · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Frankrijkstraat(D) 3, 7711 Mouscron
since 20002.095.050.837
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0484/00E050 ProtectedSite or landscape |
Wallonia | 1,030 m² | 1 · 222 m² | 16.3 m · 5 fl. |
| 54003R2019/00A000 | Wallonia | 724 m² | 1 · 103 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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LA FLEUR DU PAIN HOLDING
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CAILLIMMO
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INVEST PRO EURO 99 S.A.
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 4,093 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2000
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.