Financials
Financial year 2026
MOREL from Koksijde, company number BE0429033770, closed financial year 2026 with a result of € 22,594 after tax. For that financial year MOREL recorded a gross margin of € 76,510 and equity of € 0. Compared with financial year 2025, the result moved from € -25,527 to € 22,594. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 0
▼ 100% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,594
▲ still € 25,527 loss in 2025
Profit after tax over the fiscal year.
€ 87,492
▼ 25% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 204,903 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -2,601 | € -2,946 | € -5,299 | € 76,510 | ▲ € 81,810 |
| Profit after taxes | € -22,108 | € -22,055 | € -25,527 | € 22,594 | ▲ € 48,121 |
| Equity | € 714,092 | € 692,037 | € 666,510 | € 0 | ▼ 100% |
| Total debts | € 3,073 | € 3,254 | € 415 | € 87,492 | ▲ € 87,077 |
| Cash | € 130,328 | € 124,431 | € 117,182 | € 87,492 | ▼ 25% |
| Land & buildings | € 523,915 | € 515,120 | € 504,129 | € 0 | ▼ 100% |
| Retained profit | € 229,892 | € 207,837 | € 182,310 | € 0 | ▼ 100% |
| Dividend | € 0 | € 0 | € 0 | € 204,903 | |
| Balance sheet total | € 748,349 | € 725,320 | € 695,799 | € 87,492 | ▼ 87% |
Key figures of MOREL, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 26 December 2027.
What happened to MOREL?
What happened at MOREL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 22,594. Source: NBB ↗
- Francette Verschuere became a director. NBB
- New establishment in Koksijde. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,108 loss in 2023 to € 22,594 profit in 2026.
Paid € 33,977 in corporate taxes since 2023.
Best year ever: 2026, with € 22,594 profit.
Paid out € 204,903 in dividends to the owners in total.
Management
Behind MOREL is Francette Verschuere.
Directors
According to the 2026 annual accounts
Francette Verschuere
Director
since 2008
Establishments
Establishment units
Physical locations of this company
Duinenkranslaan(Kok) 24
8670 Koksijde
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
- 0429.033.770
- VAT number
- BE 0429.033.770
- Registered office
- Duinenkranslaan(Kok) 24, 8670 Koksijde
- Names & denominations
- MOREL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 1986
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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