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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Molens Morreels from Ninove, company number BE0451081078, closed financial year 2025 with a result of € -20,413 after tax. For that financial year Molens Morreels recorded a gross margin of € 11,539 and equity of € 628,710. Compared with financial year 2024, the result moved from € -26,057 to € -20,413. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 628,710
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,413
▲ 22 % less loss than in 2024
Profit after tax over the fiscal year.
€ 86,992
▲ 287% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 566,210.
People and assets in 2025
€ 9
▼ 97% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 131,010
▼ 8% vs 2024
€ 12,298 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 958
Supplier invoices still open on the last day of the fiscal year.
€ 304
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 322,436 | € 194,696 | € 8,328 | € 11,539 | ▲ 39% |
| Profit after taxes | € 192,091 | € 109,467 | € -26,057 | € -20,413 | ▲ € 5,644 |
| Equity | € 671,663 | € 781,129 | € 649,123 | € 628,710 | ▼ 3% |
| Total debts | € 465,930 | € 166,463 | € 202,182 | € 190,630 | ▼ 6% |
| Cash | € 396,990 | € 210,353 | € 22,488 | € 86,992 | ▲ 287% |
| Land & buildings | € 657,752 | € 632,451 | € 607,149 | € 582,604 | ▼ 4% |
| Retained profit | € 609,163 | € 718,629 | € 586,623 | € 566,210 | ▼ 3% |
| Dividend | € 0 | € 0 | € 105,950 | € 0 | ▼ 100% |
| Bank debt | € 406,403 | € 155,095 | € 143,139 | € 131,010 | ▼ 8% |
| Balance sheet total | € 1,137,593 | € 947,593 | € 851,305 | € 819,340 | ▼ 4% |
Key figures of Molens Morreels, 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 October 2026.
What happened to Molens Morreels?
What happened at Molens Morreels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Leen Billiet stepped down as director. NBB
- Andy Morreels stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20,413. Source: NBB ↗
- Leen Billiet became a director. NBB
- Andy Morreels became a director. NBB
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 192,091 profit in 2022 to € 20,413 loss in 2025.
Paid € 131,109 in corporate taxes since 2022.
Best year ever: 2022, with € 192,091 profit.
Paid out € 105,950 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Leen Billiet
Director
since 2012 · until 2027
Andy Morreels
Director
since 2012 · until 2027
Establishments
Establishment units
Physical locations of this company
Lindendreef 92
9400 Ninove
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.081.078
- VAT number
- BE 0451.081.078
- Registered office
- Lindendreef 92, 9400 Ninove
- Names & denominations
- Molens Morreels
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 October 1993
- Peppol
- Not registered