Financials
Financial year 2025
MORSE from Tielt, company number BE0543488525, closed financial year 2025 with a result of € 1,380 after tax. For that financial year MORSE recorded a gross margin of € 6,392 and equity of € 25,716. Compared with financial year 2024, the result moved from € -3,005 to € 1,380. 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 April 7, 2026.
€ 25,716
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,380
▲ still € 3,005 loss in 2024
Profit after tax over the fiscal year.
€ 4,420
▼ 23% 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 € 19,516.
People and assets in 2025
€ 4,095
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,197
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,773
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,875 | € 2,721 | € 516 | € 6,392 | ▲ € 5,877 |
| Profit after taxes | € 13,283 | € 729 | € -3,005 | € 1,380 | ▲ € 4,385 |
| Equity | € 27,341 | € 27,341 | € 24,337 | € 25,716 | ▲ 6% |
| Total debts | € 7,796 | € 14,720 | € 18,589 | € 15,624 | ▼ 16% |
| Cash | € 6,119 | € 5,596 | € 5,728 | € 4,420 | ▼ 23% |
| Retained profit | € 21,141 | € 21,141 | € 18,137 | € 19,516 | ▲ 8% |
| Dividend | € 1,600 | € 729 | € 0 | € 0 | |
| Balance sheet total | € 35,137 | € 42,062 | € 42,926 | € 41,341 | ▼ 4% |
Key figures of MORSE, 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 MORSE?
What happened at MORSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,380. Source: NBB ↗
- Benny Degezelle became a director. NBB
- New establishment in Tielt. KBO
- Joke De Nul became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 13,283 profit in 2022 to € 1,380 profit in 2025.
Paid € 3,636 in corporate taxes since 2022.
Best year ever: 2022, with € 13,283 profit.
Paid out € 2,329 in dividends to the owners in total.
Management
Behind MORSE are Benny Degezelle and Joke De Nul. Joke De Nul is also behind Punchline and Belgian Association of Marketing.
Directors
According to the 2025 annual accounts
Benny Degezelle
Director
since 2021
since 2013
Establishments
Establishment units
Physical locations of this company
Wakkensesteenweg 6
8700 Tielt
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0543.488.525
- VAT number
- BE 0543.488.525
- Registered office
- Wakkensesteenweg 6, 8700 Tielt
- Names & denominations
- MORSE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2013
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
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