MORREALE CONSTRUCTIONS
ActiveMORREALE CONSTRUCTIONS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €69k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 7391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+2
Solvency39▲+39
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.1 in 2024; short-term debt: 58% and cash: 62.4% of total assets), and 86.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
13.7%
Return on assets
41.8%
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 21% of 7391 sector peers (2025).
NBB · sector comparisonPosition among 7391 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
35 d early
2023
33 d early
2022
31 d late
2021
23 d early
2020
17 d late
2019
45 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k
2024 · €-46k
2018: €-120k
2019: €-184k
2020: €-150k
2021: €-139k
2022: €-90k
2023: €-73k
2024: €-46k
2018 → 2025
Total assets
€164k▲ 70.4%
2024 · €97k
2018: €96k
2019: €85k
2020: €99k
2021: €103k
2022: €105k
2023: €106k
2024: €97k
2018 → 2025
Net result
€69k▲ 153%
2024 · €27k
2018: €6k
2019: €-64k
2020: €34k
2021: €11k
2022: €49k
2023: €17k
2024: €27k
2018 → 2025
Working capital
€34k▲ 314%
2024 · €8k
2018: €-88k
2019: €-153k
2020: €-39k
2021: €-4k
2022: €23k
2023: €7k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-139k-€-90k▲ 35.5%€-73k▲ 18.5%€-46k▲ 37.0%€22k
Operating result€15k-€52k▲ 240%€21k▼ 60.1%€33k▲ 57.3%€73k▲ 122%
Net result€11k-€49k▲ 352%€17k▼ 66.5%€27k▲ 63.6%€69k▲ 153%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 122% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€35k▲ 1,268%
Current assets
€129k▲ 37.6%
Equity and liabilities €164k
Equity
€22k
Debt
€142k
Debt finances 86.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€77k▲
2024 · €34k
Cash flow
€73k▲
2024 · €28k
Solvency
13.7%▲
2024 · -47.8%
Current ratio
1.36▲
2024 · 1.10
Quick ratio
1.17▲
2024 · 0.87
Debt / equity
6.31▲
2024 · -3.09
ROE
305.3%
ROA
41.8%▲
2024 · 28.1%
Interest coverage
17.92▲
2024 · 5.77
Debt
€142k▼
2024 · €143k
Debt ≤ 1 year
€95k▲
2024 · €86k
Debt > 1 year
€47k▼
2024 · €57k
Income taxes
€79▼
2024 · €148
Staff costs
€49k▲
2024 · €44k
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€97k€164k▲
Fixed assets21/28€3k€35k▲
Tangible fixed assets22/27€70€33k▲
Plant, machinery and equipment23€31€874▲
Furniture and vehicles24€39€32k▲
Financial fixed assets28€3k€3k=
Current assets29/58€94k€129k▲
Stocks and contracts in progress3€19k€18k▼
Stocks30/36€19k€18k▼
Amounts receivable within one year40/41€67k€6k▼
Trade receivables40€62k€2k▼
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€2k€103k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€97k€164k▲
Equity10/15€-46k€22k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-67k€2k▲
Amounts payable17/49€143k€142k▼
Amounts payable after more than one year17€57k€47k▼
Financial debts170/4€18k€30k▲
Other amounts payable178/9€39k€16k▼
Amounts payable within one year42/48€86k€95k▲
Current portion of amounts payable after more than one year42€27k€37k▲
Trade debts44€56k€44k▼
Suppliers440/4€56k€44k▼
Taxes, remuneration and social security45€2k€14k▲
Taxes450/3€767€9k▲
Remuneration and social security454/9€1k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€44k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€80k€128k▲
Operating profit (loss)9901€33k€73k▲
Financial income75/76B€336€219▼
Recurring financial income75€336€219▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€27k€69k▲
Income taxes67/77€148€79▼
Profit (loss) for the period9904€27k€69k▲
Profit (loss) for the period to be appropriated9905€27k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€2k▲
Profit (loss) brought forward from the previous period14P€-94k€-67k▲
The notes to these accounts (10 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €69k ▲153%
Operating result €73k, net result €69k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Weakest financial yearnet €-64k ▼1236%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Modave · 1 establishment unit since 2008
Ground area
829 m²
Parcel 61058A0593/00P002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MORREALE CONSTRUCTIONS
since 20082.167.565.265
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61058A0593/00P002 | Wallonia | 829 m² | - | - |
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 29,803 companies in sector 41001 we hold annual accounts for 16,040. 11,823 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2007
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.