MORVAN is a shop in Ieper. Private Limited, started on 13 September 1990, 1 establishment.

What is the address of MORVAN?

The registered office of MORVAN is located at Paddevijverstraat 56, 8900 Ieper.

Is MORVAN still active?

Yes. According to the CBE (29 October 2026) MORVAN is active, legal situation “Normale toestand”, started on 13 September 1990.

Is MORVAN registered on Peppol?

Yes, MORVAN is registered on the Peppol network with ID 0208:0441982082.

What is the enterprise number of MORVAN?

The enterprise number of MORVAN is BE0441982082.

When was MORVAN founded?

MORVAN was founded on 13 September 1990.

Who are the directors of MORVAN?

According to the 2025 annual accounts, the directors of MORVAN are: Kristof Mortier, Anja Vanhoorneweder.

Is MORVAN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 September 1990; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MORVAN make in 2025?

MORVAN posted a profit after taxes of € 364,263 in financial year 2025.

What is the revenue of MORVAN?

As a small company, MORVAN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 697,411.

How much does an employee at MORVAN earn?

The average wage cost per full-time employee at MORVAN was € 41,400 in 2025: staff costs of € 186,291 for 4.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MORVAN have?

According to the 2025 annual accounts, MORVAN has 4.5 full-time equivalents (FTE).

MORVAN (Private Limited) - Ieper - BE0441982082

Dossier MORVAN, printed on 29 October 2026 from databakkes.be/en/0441982082/morvan. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 6.5 to 4.5.

Financials

Financial year 2025

MORVAN from Ieper, company number BE0441982082, closed financial year 2025 with a result of € 364,263 after tax. For that financial year MORVAN recorded a gross margin of € 697,411 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 389,945 to € 364,263. 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 March 23, 2026.

What it is worth Growing

€ 2.5 million

▲ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 364,263

▼ 7% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 362,987

▼ 38% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 187,736 paid out

52 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

4.5

▼ 1.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 186,291

▼ 9% vs 2024

€ 41,400 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.

Vehicles and equipment

€ 15,906

▼ 44% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 26,933

▼ 1% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 95,367

▼ 8% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 39,602

▼ 30% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 883,872 Gross margin 2022: € 883,872 First fiscal year in the series	€ 857,023 Gross margin 2023: € 857,023 ▼ 3% vs 2022 (€ 883,872) Unfavourable step	€ 744,814 Gross margin 2024: € 744,814 ▼ 13% vs 2023 (€ 857,023) Unfavourable step	€ 697,411 Gross margin 2025: € 697,411 ▼ 6% vs 2024 (€ 744,814) Unfavourable step	▼ 6%
Profit after taxes	€ 411,341 Profit after taxes 2022: € 411,341 First fiscal year in the series	€ 423,537 Profit after taxes 2023: € 423,537 ▲ 3% vs 2022 (€ 411,341) Favourable step	€ 389,945 Profit after taxes 2024: € 389,945 ▼ 8% vs 2023 (€ 423,537) Unfavourable step	€ 364,263 Profit after taxes 2025: € 364,263 ▼ 7% vs 2024 (€ 389,945) Unfavourable step	▼ 7%
Equity	€ 1,729,906 Equity 2022: € 1,729,906 First fiscal year in the series	€ 2,044,862 Equity 2023: € 2,044,862 ▲ 18% vs 2022 (€ 1,729,906) Favourable step	€ 2,294,942 Equity 2024: € 2,294,942 ▲ 12% vs 2023 (€ 2,044,862) Favourable step	€ 2,471,470 Equity 2025: € 2,471,470 ▲ 8% vs 2024 (€ 2,294,942) Favourable step	▲ 8%
Total debts	€ 359,748 Total debts 2022: € 359,748 First fiscal year in the series	€ 323,303 Total debts 2023: € 323,303 ▼ 10% vs 2022 (€ 359,748) Favourable step	€ 274,126 Total debts 2024: € 274,126 ▼ 15% vs 2023 (€ 323,303) Favourable step	€ 212,585 Total debts 2025: € 212,585 ▼ 22% vs 2024 (€ 274,126) Favourable step	▼ 22%
Cash	€ 821,096 Cash 2022: € 821,096 First fiscal year in the series	€ 476,139 Cash 2023: € 476,139 ▼ 42% vs 2022 (€ 821,096) Unfavourable step	€ 582,088 Cash 2024: € 582,088 ▲ 22% vs 2023 (€ 476,139) Favourable step	€ 362,987 Cash 2025: € 362,987 ▼ 38% vs 2024 (€ 582,088) Unfavourable step	▼ 38%
Land & buildings	€ 6,128 Land & buildings 2022: € 6,128 First fiscal year in the series	€ 2,215 Land & buildings 2023: € 2,215 ▼ 64% vs 2022 (€ 6,128) Unchanged	-	-
Retained profit	€ 1,711,306 Retained profit 2022: € 1,711,306 First fiscal year in the series	€ 2,026,262 Retained profit 2023: € 2,026,262 ▲ 18% vs 2022 (€ 1,711,306) Favourable step	€ 2,276,342 Retained profit 2024: € 2,276,342 ▲ 12% vs 2023 (€ 2,026,262) Favourable step	€ 2,452,870 Retained profit 2025: € 2,452,870 ▲ 8% vs 2024 (€ 2,276,342) Favourable step	▲ 8%
Dividend	€ 449,941 Dividend 2022: € 449,941 First fiscal year in the series	€ 108,581 Dividend 2023: € 108,581 ▼ 76% vs 2022 (€ 449,941) Unchanged	€ 139,864 Dividend 2024: € 139,864 ▲ 29% vs 2023 (€ 108,581) Unchanged	€ 187,736 Dividend 2025: € 187,736 ▲ 34% vs 2024 (€ 139,864) Unchanged	▲ 34%
Bank debt	€ 37,751 Bank debt 2022: € 37,751 First fiscal year in the series	€ 26,933 Bank debt 2023: € 26,933 ▼ 29% vs 2022 (€ 37,751) Favourable step	€ 27,070 Bank debt 2024: € 27,070 ▲ 1% vs 2023 (€ 26,933) Unfavourable step	€ 26,933 Bank debt 2025: € 26,933 ▼ 1% vs 2024 (€ 27,070) Favourable step	▼ 1%
Balance sheet total	€ 2,104,089 Balance sheet total 2022: € 2,104,089 First fiscal year in the series	€ 2,382,600 Balance sheet total 2023: € 2,382,600 ▲ 13% vs 2022 (€ 2,104,089) Unchanged	€ 2,583,504 Balance sheet total 2024: € 2,583,504 ▲ 8% vs 2023 (€ 2,382,600) Unchanged	€ 2,698,490 Balance sheet total 2025: € 2,698,490 ▲ 4% vs 2024 (€ 2,583,504) Unchanged	▲ 4%
Employees (FTE)	6.5 Employees (FTE) 2022: 6.5 First fiscal year in the series	6.5 Employees (FTE) 2023: 6.5 Unchanged (6.5) Unchanged	5.7 Employees (FTE) 2024: 5.7 ▼ 0.8 vs 2023 (6.5) Unchanged	4.5 Employees (FTE) 2025: 4.5 ▼ 1.2 vs 2024 (5.7) Unchanged	▼ 1.2

Key figures of MORVAN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to MORVAN?

What happened at MORVAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Mar 23, 2026 New annual accounts for financial year 2025: profit of € 364,263 (▼ 7% vs 2024). Source: NBB ↗
Feb 22, 2000 New establishment in Ieper. KBO
Sep 13, 1990 Start of the company according to the CBE. KBO

In short

From € 411,341 profit in 2022 to € 364,263 profit in 2025.

Paid € 714,959 in corporate taxes since 2022.

Best year ever: 2023, with € 423,537 profit.

On average € 155,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Kristof Mortier Anja Vanhoorneweder

MOVETHERM

MORVAN

Behind MORVAN are Kristof Mortier and Anja Vanhoorneweder. The same people are also behind MOVETHERM.

Directors

According to the 2025 annual accounts

Kristof Mortier

Director

Also active at: MOVETHERM

Anja Vanhoorneweder

Director

Also active at: MOVETHERM

Establishments

Establishment units

Physical locations of this company

Registered office

Paddevijverstraat 56

8900 Ieper

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

MOVETHERM same network

€ 66,733 gross margin · 2025

Beaver

€ 421,365 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0441.982.082

VAT number

BE 0441.982.082

Registered office

Paddevijverstraat 56, 8900 Ieper

Names & denominations

MORVAN

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

13 September 1990

Peppol

Active · Active since 20 Nov 2020

Activities · NACE

Detailhandel in elektrische huishoudapparaten

Detailhandel in elektrische huishoudapparaten en in audio- en videoapparatuur

Overig loodgieterswerk

Sanitaire werkzaamheden

Installatie van verwarming, klimaatregeling en ventilatie

Reparatie van elektrische huishoudapparaten

Overige reparaties, n.e.g.

Elektrische installatie

View on CBE Public ↗ Annual accounts (NBB) ↗

MORVAN

Warning lights

Financials

What happened to MORVAN?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions