Morpheus Projects & Management
ActiveMorpheus Projects & Management has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €53. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency46▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.56 in 2024; short-term debt: 79.1% and cash: 27.7% of total assets), and 79.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 70
Relative position
BE, all sectors
reference
Sector 70
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
20.9%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 8663 sector peers (2025).
NBB · sector comparisonPosition among 8663 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
2 d early
2023
32 d early
2022
21 d early
2021
4 d early
2020
19 d early
2019
3 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€62k▲ 0.1%
2024 · €62k
2018: €-2k
2019: €-2k
2020: €16k
2021: €52k
2022: €56k
2023: €61k
2024: €62k
2018 → 2025
Total assets
€296k▼ 3.2%
2024 · €306k
2018: €295k
2019: €283k
2020: €308k
2021: €341k
2022: €329k
2023: €312k
2024: €306k
2018 → 2025
Net result
€53▼ 77.7%
2024 · €238
2018: €-446
2019: €-124
2020: €18k
2021: €37k
2022: €4k
2023: €5k
2024: €238
2018 → 2025
Working capital
€-107k▼ 3.4%
2024 · €-104k
2018: €-151k
2019: €-154k
2020: €-137k
2021: €-105k
2022: €-104k
2023: €-101k
2024: €-104k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€56k▲ 7.2%€61k▲ 9.7%€62k▲ 0.4%€62k▲ 0.1%
Operating result€51k-€7k▼ 86.9%€9k▲ 34.1%€2k▼ 81.1%€1k▼ 22.1%
Net result€37k-€4k▼ 89.7%€5k▲ 43.8%€238▼ 95.6%€53▼ 77.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 22% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €296k
Fixed assets
€169k▼ 3.4%
Current assets
€127k▼ 2.9%
Equity and liabilities €296k
Equity
€62k▲ 0.1%
Debt
€234k▼ 4.0%
The debt ratio falls from 79.8% to 79.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €9k
Cash flow
€7k▼
2024 · €8k
Solvency
20.9%▲
2024 · 20.2%
Current ratio
0.54▼
2024 · 0.56
Quick ratio
0.54▼
2024 · 0.56
Debt / equity
3.79▼
2024 · 3.95
ROE
0.1%▼
2024 · 0.4%
ROA
0.0%▼
2024 · 0.1%
Interest coverage
20.82▲
2024 · 16.72
Debt
€234k▼
2024 · €244k
Debt ≤ 1 year
€234k▼
2024 · €234k
Income taxes
€867▼
2024 · €924
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€306k€296k▼
Fixed assets21/28€175k€169k▼
Tangible fixed assets22/27€175k€169k▼
Land and buildings22€175k€168k▼
Plant, machinery and equipment23€701€1k▲
Current assets29/58€130k€127k▼
Amounts receivable within one year40/41€22k€45k▲
Trade receivables40€21k€43k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€109k€82k▼
Equity and liabilities
Total equity and liabilities10/49€306k€296k▼
Equity10/15€62k€62k▲
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Share premium1100/10€12k€12k=
Profit (loss) carried forward14€49k€49k▲
Amounts payable17/49€244k€234k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€234k€234k▼
Current portion of amounts payable after more than one year42€10k€10k▼
Trade debts44€167€418▲
Suppliers440/4€167€418▲
Taxes, remuneration and social security45€4k€867▼
Taxes450/3€4k€867▼
Other amounts payable47/48€220k€223k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€12k€12k▼
Operating profit (loss)9901€2k€1k▼
Financial charges65/66B€546€411▼
Recurring financial charges65€546€411▼
Profit (loss) for the period before taxes9903€1k€920▼
Income taxes67/77€924€867▼
Profit (loss) for the period9904€238€53▼
Profit (loss) for the period to be appropriated9905€238€53▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€49k▲
Profit (loss) brought forward from the previous period14P€49k€49k▲
The notes to these accounts (4 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €37k ▲106%
Operating result €51k, net result €37k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Agatha-Berchem · 2 establishment units since 2010
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.
Kasterlindenstraat 671082 Sint-Agatha-BerchemGround area
838 m²
Building footprint
188 m²
Volume, LiDAR
2,933 m³
2 parcels, Brussels, Flanders · tallest building 25.3 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Morpheus Projects & Management
since 20102.185.093.264
Morpheus Projects & Management
since 20172.261.622.108
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0016/00F004 | Brussels | 482 m² | 1 · 97 m² | 12.5 m · 3 fl. |
| 38014E0321/00B000 | Flanders | 356 m² | 1 · 91 m² | 25.3 m · 8 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.
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LMCN
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 39,145 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.