Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MORGAL INTERNATIONAL from Elsene, company number BE0430420573, closed financial year 2025 with a result of € 44,828 after tax. For that financial year MORGAL INTERNATIONAL recorded a gross margin of € 58,771 and equity of € 92,077. Compared with financial year 2024, the result moved from € 13,078 to € 44,828. Profitable, and profit is growing. 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 July 17, 2026.
€ 92,077
▲ 95% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,828
▲ 243% vs 2024
Profit after tax over the fiscal year.
€ 5,769
▲ € 5,359 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 73,485.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 1,190
▼ 79% vs 2024
Loans from banks and other lenders, long and short.
€ 17,689
▲ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,685
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 45,494 | € 40,337 | - | - | |
| Gross margin | € 23,874 | € 22,440 | € 29,275 | € 58,771 | ▲ 101% |
| Profit after taxes | € 4,753 | € 6,076 | € 13,078 | € 44,828 | ▲ 243% |
| Equity | € 28,095 | € 34,171 | € 47,249 | € 92,077 | ▲ 95% |
| Total debts | € 132,925 | € 117,900 | € 91,264 | € 46,509 | ▼ 49% |
| Cash | € 33 | € 25 | € 410 | € 5,769 | ▲ € 5,359 |
| Land & buildings | € 150,224 | € 143,496 | € 136,768 | € 130,040 | ▼ 5% |
| Retained profit | € 9,503 | € 15,579 | € 28,657 | € 73,485 | ▲ 156% |
| Bank debt | € 27,062 | € 22,475 | € 5,751 | € 1,190 | ▼ 79% |
| Balance sheet total | € 161,020 | € 152,071 | € 138,513 | € 138,586 |
Key figures of MORGAL INTERNATIONAL, 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 MORGAL INTERNATIONAL?
What happened at MORGAL INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,828 (▲ 243% vs 2024). Source: NBB ↗
- DAVID FERREIRA MORGADINHO became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,753 profit in 2022 to € 44,828 profit in 2025.
Paid € 888 in corporate taxes since 2022.
Best year ever: 2025, with € 44,828 profit.
A new publication or filing at MORGAL INTERNATIONAL? 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
Behind MORGAL INTERNATIONAL is DAVID FERREIRA MORGADINHO.
Directors
According to the 2025 annual accounts
DAVID FERREIRA MORGADINHO
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Louizalaan 226
1050 Elsene
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
- 0430.420.573
- VAT number
- BE 0430.420.573
- Registered office
- Louizalaan 226, 1050 Elsene
- Names & denominations
- MORGAL INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 1987
- Peppol
- Active · Active since 26 Dec 2025
- Activities · NACE
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