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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Annual account missing NBB
Fiscal year 2025 was expected before 30 January 2026 and has not been filed.
Financials
Financial year 2024
HYDRAULIEK MORREELS from Brakel, company number BE0424417560, closed financial year 2024 with a result of € 1 million after tax. For that financial year HYDRAULIEK MORREELS recorded revenue of € 30.1 million and equity of € 8.7 million. Compared with financial year 2023, the result moved from € 1.1 million to € 1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 17, 2024.
€ 8.7 million
▲ 7% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▼ 1% vs 2023
Profit after tax over the fiscal year.
€ 2.9 million
▼ 33% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
48 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
68.7
▲ 4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.1 million
▲ 14% vs 2023
€ 74,300 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.
€ 698,403
▲ 8% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2.5 million
▲ 13% vs 2023
€ 334,229 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4.4 million
▼ 15% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 978,229
▲ 25% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 22,062,284 | € 27,674,929 | € 30,068,970 | ▲ 9% |
| Profit after taxes | € 1,017,877 | € 1,063,735 | € 1,049,584 | ▼ 1% |
| Equity | € 7,498,552 | € 8,162,287 | € 8,711,872 | ▲ 7% |
| Total debts | € 7,383,443 | € 9,282,921 | € 9,376,101 | ▲ 1% |
| Cash | € 3,004,971 | € 4,285,868 | € 2,875,818 | ▼ 33% |
| Land & buildings | € 2,316,870 | € 2,298,278 | € 2,214,302 | ▼ 4% |
| Retained profit | € 7,436,552 | € 8,100,287 | € 8,649,872 | ▲ 7% |
| Dividend | € 300,000 | € 400,000 | € 500,000 | ▲ 25% |
| Bank debt | € 2,192,996 | € 2,223,085 | € 2,521,227 | ▲ 13% |
| Balance sheet total | € 14,945,470 | € 17,565,208 | € 18,267,973 | ▲ 4% |
| Employees (FTE) | 62 | 64.7 | 68.7 | ▲ 4 |
Key figures of HYDRAULIEK MORREELS, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 January 2026.
What happened to HYDRAULIEK MORREELS?
What happened at HYDRAULIEK MORREELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HENMOR BV stepped down as director. NBB
- Lucien MORREELS stepped down as director. NBB
- FILMOR BV stepped down as director. NBB
- Marie-Odile VAN DOOREN stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1 million (▼ 1% vs 2023). Source: NBB ↗
- HENMOR BV became a director. NBB
- Lucien MORREELS became a director. NBB
- FILMOR BV became a director. NBB
In short
From € 1 million profit in 2022 to € 1 million profit in 2024.
Paid € 844,847 in corporate taxes since 2022.
Best year ever: 2023, with € 1.1 million profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
Directors
According to the 2024 annual accounts
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Marie-Odile VAN DOOREN
Managing director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Fayte 39
9660 Brakel
Schoonboeke 14
9600 Ronse
Active since 19 August 1983
Slekkenstraat(MEL) 4
9120 Beveren-Kruibeke-Zwijndrecht
Active since 1 January 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.417.560
- VAT number
- BE 0424.417.560
- Registered office
- Fayte 39, 9660 Brakel
- Names & denominations
- HYDRAULIEK MORREELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1983
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Vervaardiging van hijs-, hef- en transportwerktuigen
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw
Reparatie en onderhoud van consumentenartikelen, neg
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Overige reparaties, n.e.g.
Groothandel in machines voor mijnbouw, de bouwnijverheid en de weg- en waterbouw
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)