What does RED MORPHO do?

RED MORPHO is registered with the CBE as active in: Ontwikkeling van residentiële bouwprojecten. Public Limited, started on 1 July 1970, 1 establishment.

What is the address of RED MORPHO?

The registered office of RED MORPHO is located at Augustijnenrei 15 box 8, 8000 Brugge.

Is RED MORPHO still active?

Yes. According to the CBE (29 October 2026) RED MORPHO is active, legal situation “Normale toestand”, started on 1 July 1970.

Is RED MORPHO registered on Peppol?

Yes, RED MORPHO is registered on the Peppol network with ID 0208:0407209166.

What is the enterprise number of RED MORPHO?

The enterprise number of RED MORPHO is BE0407209166.

When was RED MORPHO founded?

RED MORPHO was founded on 1 July 1970.

Who are the directors of RED MORPHO?

According to the 2025 annual accounts, the directors of RED MORPHO are: Frangipani BV.

Is RED MORPHO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 July 1970; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did RED MORPHO make in 2025?

RED MORPHO recorded a loss after taxes of € 35,504 in financial year 2025.

What is the revenue of RED MORPHO?

As a small company, RED MORPHO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -30,822.

How many employees does RED MORPHO have?

According to the 2025 annual accounts, RED MORPHO has 0 full-time equivalents (FTE).

RED MORPHO (Public Limited) - Brugge - BE0407209166

Dossier RED MORPHO, printed on 29 October 2026 from databakkes.be/en/0407209166/red-morpho. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

RED MORPHO from Brugge, company number BE0407209166, closed financial year 2025 with a result of € -35,504 after tax. For that financial year RED MORPHO recorded a gross margin of € -30,822 and equity of € 217,614. Compared with financial year 2024, the result moved from € -31,966 to € -35,504. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.

What it is worth Healthy

€ 217,614

▼ 14% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -35,504

▼ 11 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 377,227

▲ € 366,301 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 155,614.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Vehicles and equipment

€ 1,113

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 13 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 534,028

▲ € 405,778 vs 2024

€ 9,500 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.

Owed to suppliers

€ 341,597

▲ € 329,038 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -23,398 Gross margin 2022: € -23,398 First fiscal year in the series	€ 1,540 Gross margin 2023: € 1,540 ▲ € 24,938 vs 2022 (€ -23,398) Favourable step	€ -10,667 Gross margin 2024: € -10,667 ▼ € 12,207 vs 2023 (€ 1,540) Unfavourable step	€ -30,822 Gross margin 2025: € -30,822 ▼ € 20,155 vs 2024 (€ -10,667) Unfavourable step	▼ € 20,155
Profit after taxes	€ -46,447 Profit after taxes 2022: € -46,447 First fiscal year in the series	€ -19,859 Profit after taxes 2023: € -19,859 ▲ € 26,588 vs 2022 (€ -46,447) Favourable step	€ -31,966 Profit after taxes 2024: € -31,966 ▼ € 12,106 vs 2023 (€ -19,859) Unfavourable step	€ -35,504 Profit after taxes 2025: € -35,504 ▼ € 3,538 vs 2024 (€ -31,966) Unfavourable step	▼ € 3,538
Equity	€ 304,943 Equity 2022: € 304,943 First fiscal year in the series	€ 285,084 Equity 2023: € 285,084 ▼ 7% vs 2022 (€ 304,943) Unfavourable step	€ 253,118 Equity 2024: € 253,118 ▼ 11% vs 2023 (€ 285,084) Unfavourable step	€ 217,614 Equity 2025: € 217,614 ▼ 14% vs 2024 (€ 253,118) Unfavourable step	▼ 14%
Total debts	€ 181,465 Total debts 2022: € 181,465 First fiscal year in the series	€ 155,563 Total debts 2023: € 155,563 ▼ 14% vs 2022 (€ 181,465) Favourable step	€ 158,281 Total debts 2024: € 158,281 ▲ 2% vs 2023 (€ 155,563) Unfavourable step	€ 1,850,938 Total debts 2025: € 1,850,938 ▲ € 1.7 million vs 2024 (€ 158,281) Unfavourable step	▲ € 1.7 million
Cash	€ 98,886 Cash 2022: € 98,886 First fiscal year in the series	€ 403 Cash 2023: € 403 ▼ € 98,483 vs 2022 (€ 98,886) Unfavourable step	€ 10,926 Cash 2024: € 10,926 ▲ € 10,523 vs 2023 (€ 403) Favourable step	€ 377,227 Cash 2025: € 377,227 ▲ € 366,301 vs 2024 (€ 10,926) Favourable step	▲ € 366,301
Retained profit	€ 242,943 Retained profit 2022: € 242,943 First fiscal year in the series	€ 223,084 Retained profit 2023: € 223,084 ▼ 8% vs 2022 (€ 242,943) Unfavourable step	€ 191,118 Retained profit 2024: € 191,118 ▼ 14% vs 2023 (€ 223,084) Unfavourable step	€ 155,614 Retained profit 2025: € 155,614 ▼ 19% vs 2024 (€ 191,118) Unfavourable step	▼ 19%
Bank debt	€ 147,250 Bank debt 2022: € 147,250 First fiscal year in the series	€ 137,750 Bank debt 2023: € 137,750 ▼ 6% vs 2022 (€ 147,250) Favourable step	€ 128,250 Bank debt 2024: € 128,250 ▼ 7% vs 2023 (€ 137,750) Favourable step	€ 534,028 Bank debt 2025: € 534,028 ▲ € 405,778 vs 2024 (€ 128,250) Unfavourable step	▲ € 405,778
Balance sheet total	€ 563,246 Balance sheet total 2022: € 563,246 First fiscal year in the series	€ 513,690 Balance sheet total 2023: € 513,690 ▼ 9% vs 2022 (€ 563,246) Unchanged	€ 480,648 Balance sheet total 2024: € 480,648 ▼ 6% vs 2023 (€ 513,690) Unchanged	€ 2,114,624 Balance sheet total 2025: € 2,114,624 ▲ € 1.6 million vs 2024 (€ 480,648) Unchanged	▲ € 1.6 million

Key figures of RED MORPHO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to RED MORPHO?

What happened at RED MORPHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 16, 2026 New annual accounts for financial year 2025: loss of € 35,504. Source: NBB ↗
2026 Frangipani BV stepped down as director. NBB
2020 Frangipani BV became a director. NBB
Feb 1, 2019 New establishment in Oostkamp. KBO
Jul 1, 1970 Start of the company according to the CBE. KBO

In short

From € 46,447 loss in 2022 to € 35,504 loss in 2025.

Original PDFs at the National Bank ↗

Management

FRANGIPANI 99.9%

The stake of FRANGIPANI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

RED MORPHO

The shares are held by FRANGIPANI (99.9%).

Directors

According to the 2025 annual accounts

Frangipani BV

Managing director · represented by Ghekiere Francis

since 2020 · until 2026

Shareholders

FRANGIPANI

99.9%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Augustijnenrei 15 box 8

8000 Brugge

2.286.387.889

Sint-Elooisstraat 12

8020 Oostkamp

Active since 1 February 2019

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

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E4MEDICAL

€ 393,520 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0407.209.166

VAT number

BE 0407.209.166

Registered office

Augustijnenrei 15 bus 8, 8000 Brugge

Names & denominations

RED MORPHO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 July 1970

Peppol

Active · Active since 13 Jan 2025

Contact

[email protected] 0495/239045

Activities · NACE

Ontwikkeling van residentiële bouwprojecten

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Ontwikkeling van niet-residentiële bouwprojecten

View on CBE Public ↗ Annual accounts (NBB) ↗

RED MORPHO

Warning lights

Financials

What happened to RED MORPHO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions