Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
MORGAN BELGIUM from Sint-Genesius-Rode, company number BE0423105189, closed financial year 2025 with a result of € -91,505 after tax. For that financial year MORGAN BELGIUM recorded a gross margin of € 326,707 and equity of € 405,480. Compared with financial year 2024, the result moved from € 125,504 to € -91,505. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 405,480
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -91,505
▼ still € 125,504 profit in 2024
Profit after tax over the fiscal year.
€ 73,723
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 377,323.
People and assets in 2025
4.8
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 333,157
▲ 1% vs 2024
€ 69,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,907
▼ 70% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 836,065
▼ 13% vs 2024
€ 39,783 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 56,742
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 109,335
▲ 146% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 439,817 | € 573,614 | € 616,494 | € 326,707 | ▼ 47% |
| Profit after taxes | € 19,569 | € 119,798 | € 125,504 | € -91,505 | ▼ € 217,009 |
| Equity | € 611,683 | € 611,481 | € 616,985 | € 405,480 | ▼ 34% |
| Total debts | € 1,177,574 | € 1,194,742 | € 1,675,875 | € 1,166,845 | ▼ 30% |
| Cash | € 145,576 | € 234,576 | € 83,096 | € 73,723 | ▼ 11% |
| Retained profit | € 583,526 | € 583,324 | € 588,828 | € 377,323 | ▼ 36% |
| Dividend | € 100,000 | € 120,000 | € 120,000 | € 120,000 | |
| Bank debt | € 782,842 | € 738,387 | € 964,216 | € 836,065 | ▼ 13% |
| Balance sheet total | € 1,789,257 | € 1,806,224 | € 2,292,860 | € 1,572,325 | ▼ 31% |
| Employees (FTE) | 3.4 | 3.8 | 4.3 | 4.8 | ▲ 0.5 |
Key figures of MORGAN BELGIUM, 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 MORGAN BELGIUM?
What happened at MORGAN BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 91,505 (▼ € 217,009 vs 2024). Source: NBB ↗
- Fountainhead Consulting & Investment BV became a director. NBB
- New establishment in Sint-Genesius-Rode. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,569 profit in 2022 to € 91,505 loss in 2025.
Paid € 127,682 in corporate taxes since 2022.
Best year ever: 2024, with € 125,504 profit.
On average € 68,100 of value added per employee in 2025.
A new publication or filing at MORGAN BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of KAIROS Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MORGAN BELGIUMBehind MORGAN BELGIUM is Fountainhead Consulting & Investment BV. The shares are held by KAIROS Holding (100%).
Directors
According to the 2025 annual accounts
Fountainhead Consulting & Investment BV
Director · represented by Alexander de Windisch- Graetz
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hallesesteenweg 158c
1640 Sint-Genesius-Rode
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.105.189
- VAT number
- BE 0423.105.189
- Registered office
- Hallesesteenweg 158c, 1640 Sint-Genesius-Rode
- Names & denominations
- MORGAN BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 September 1982
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)