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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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MORGAN INVEST from Brussel, company number BE0437790395, closed financial year 2025 with a result of € -11.4 million after tax. Compared with financial year 2024, the result moved from € 32.2 million to € -11.4 million. 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 September 29, 2026.
€ 44.3 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11.4 million
▼ still € 32.2 million profit in 2024
Profit after tax over the fiscal year.
€ 263,362
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 20.1 million.
People and assets in 2025
1.7
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 111,956
▲ 51% vs 2024
€ 65,900 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.
Debts at end 2025
€ 330.2 million
▼ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 32,191
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 670 days on average.
€ 13,125
▲ 50% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 704,620 | € -479,947 | € 32,211,519 | € -11,418,453 | ▼ € 43.6 million |
| Equity | € 23,978,023 | € 23,498,075 | € 55,709,595 | € 44,291,141 | ▼ 20% |
| Total debts | € 337,240,022 | € 412,465,988 | € 383,549,949 | € 354,853,184 | ▼ 7% |
| Cash | € 2,300,631 | € 2,810,888 | € 527,206 | € 263,362 | ▼ 50% |
| Retained profit | € -166,905 | € -646,852 | € 31,564,667 | € 20,146,214 | ▼ 36% |
| Bank debt | € 318,353,790 | € 354,220,702 | € 353,184,903 | € 330,188,718 | ▼ 7% |
| Balance sheet total | € 361,218,045 | € 435,964,063 | € 439,259,543 | € 400,659,344 | ▼ 9% |
| Employees (FTE) | 1 | 1 | 1 | 1.7 | ▲ 0.7 |
Key figures of MORGAN INVEST, 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 INVEST?
What happened at MORGAN INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Royal Property Management NV stepped down as director. NBB
- Fintea Management & Consulting Services BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 11.4 million (▼ € 43.6 million vs 2024). filed late Source: NBB ↗
- Royal Property Management NV became a director. NBB
- Fintea Management & Consulting Services BV became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 704,620 profit in 2022 to € 11.4 million loss in 2025.
Paid € 6,915 in corporate taxes since 2022.
Best year ever: 2024, with € 32.2 million profit.
Management
It owns 100% of The House of Development, 100% of Garden Village, 100% of HL Zaventem, 98.4% of Real Green Energy II, 94% of Hamburg Royal Properties and 50% of Green Yachting Invest itself.
Directors
According to the 2025 annual accounts
Director · represented by Michael Lisman
Also active at: ROYAL PROPERTIES, PARK AVENUE, RING BUILDING, HR Ambiorix, WOLUWE CORNER PROPERTY, BESSENVELD 3, ANTWERPS KANTOREN VASTGOED, BESSENVELD 2 +17 more
since 2025 · until 2031
Fintea Management & Consulting Services BV
Director · represented by Tom Eeckhout
Also active at: Fortim, PARK AVENUE, RING BUILDING, HR Ambiorix, WOLUWE CORNER PROPERTY, BESSENVELD 3, BESSENVELD 2, HOTELAND +16 more
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Ravensteingalerij 3 box 9
1000 Brussel
Ravensteingalerij 4 box 9
1000 Brussel
Active since 15 July 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →C.H.B. - Comité Hygiène et Confort- C.H.B. Comité voor Hygiene en Comfort
ROYAL PROPERTIES same network
€ -4,065 gross margin · 2025
Fortim same network
€ 4,824 gross margin · 2025
Association des Laboratoires belges d' Electronique - Algemene Laboratoria van België voor Elektrotechniek
Sigle-Eurotechalert-Belgique - Sigle-Eurotechalert-Belgïe
+28 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.790.395
- VAT number
- BE 0437.790.395
- Registered office
- Ravensteingalerij 3 bus 9, 1000 Brussel
- Names & denominations
- MORGAN INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1989
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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