Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VERBONDEN MET MORGEN from Antwerpen, company number BE0458793766, closed financial year 2025 with a result of € -527,367 after tax. For that financial year VERBONDEN MET MORGEN recorded a gross margin of € 145,888 and equity of € 365,148. Compared with financial year 2024, the result moved from € -440,043 to € -527,367. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 24, 2026.
€ 365,148
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -527,367
▼ 20 % more loss than in 2024
Profit after tax over the fiscal year.
€ 55,855
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 173,031.
People and assets in 2025
€ 291,662
▲ € 247,339 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 33.8 million
▲ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 572,851
▲ € 494,520 vs 2024
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 230,024 | € 224,784 | € 38,875 | € 145,888 | ▲ 275% |
| Profit after taxes | € 100,414 | € 66,117 | € -440,043 | € -527,367 | ▼ € 87,324 |
| Equity | € 1,266,441 | € 1,332,559 | € 892,515 | € 365,148 | ▼ 59% |
| Total debts | € 27,097 | € 60,906 | € 28,877,792 | € 34,510,459 | ▲ 20% |
| Cash | € 238,038 | € 312,779 | € 79,932 | € 55,855 | ▼ 30% |
| Land & buildings | € 1,035,734 | € 981,649 | € 876,484 | € 1,065,831 | ▲ 22% |
| Retained profit | € 1,074,324 | € 1,140,441 | € 700,398 | € 173,031 | ▼ 75% |
| Bank debt | € 0 | € 0 | € 28,799,197 | € 33,799,197 | ▲ 17% |
| Balance sheet total | € 1,293,539 | € 1,393,465 | € 29,770,308 | € 34,875,607 | ▲ 17% |
Key figures of VERBONDEN MET MORGEN, 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 VERBONDEN MET MORGEN?
What happened at VERBONDEN MET MORGEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Willem Penninckx stepped down as director. NBB
- Bart Michielsen stepped down as director. NBB
- Wouter Minne stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 527,367. filed late Source: NBB ↗
- Willem Penninckx became a director. NBB
- Bart Michielsen became a director. NBB
- Wouter Minne became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 100,414 profit in 2022 to € 527,367 loss in 2025.
Paid € 38,499 in corporate taxes since 2022.
Best year ever: 2022, with € 100,414 profit.
A new publication or filing at VERBONDEN MET MORGEN? We notify you, reason included.
Follow VERBONDEN MET MORGENDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Directors
According to the 2025 annual accounts
Bart Michielsen
Managing director
since 2021 · until 2027
Wouter Minne
Director
Also active at: Kristelijk Sociaal Leven voor het Arrondisement Antwerpen, Sociaal Centrum van het A.C.V.
since 2021 · until 2027
Willem Penninckx
Managing director
Also active at: Kristelijk Sociaal Leven voor het Arrondisement Antwerpen, Sociaal Centrum van het A.C.V.
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Nationalestraat 111
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Bestuur der Katholieke Maatschappelijke Werken voor het Arrondissement Antwerpen
€ 434,304 gross margin · 2025
Sociaal Leven-Rupelstreek
Voorlichtingsdienst Bij Beroepskeuze
Christelijk Ziekenfonds voor Zelfstandigen
Christelijk Ziekenfonds Antwerpen
+7 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
- 0458.793.766
- VAT number
- BE 0458.793.766
- Registered office
- Nationalestraat 111, 2000 Antwerpen
- Names & denominations
- VERBONDEN MET MORGEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 September 1996
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Verhuur en exploitatie van terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen