Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MORGAN PHILIPS Belgique from Elsene, company number BE0543529107, closed financial year 2025 with a result of € -43,735 after tax. For that financial year MORGAN PHILIPS Belgique recorded a gross margin of € 629,759 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -257,661 to € -43,735. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -1.1 million
▼ € 43,735 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,735
▲ 83 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,582
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.3 million.
People and assets in 2025
4.8
Average over the fiscal year, from the social balance sheet.
€ 566,336
▲ 23% vs 2024
€ 118,000 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.
€ 354
▼ 87% 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.
€ 714,612
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 168,054
▲ 143% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 502,227 | € 248,988 | € 274,731 | € 629,759 | ▲ 129% |
| Profit after taxes | € 8,671 | € -320,980 | € -257,661 | € -43,735 | ▲ € 213,927 |
| Equity | € -522,262 | € -843,241 | € -1,100,903 | € -1,144,637 | ▼ € 43,735 |
| Total debts | € 1,012,375 | € 1,101,736 | € 1,507,725 | € 1,945,414 | ▲ 29% |
| Cash | € 218,225 | € 10,262 | € 72,488 | € 5,582 | ▼ 92% |
| Retained profit | € -672,262 | € -993,241 | € -1,250,903 | € -1,294,637 | ▼ € 43,735 |
| Balance sheet total | € 490,114 | € 258,495 | € 406,822 | € 800,776 | ▲ 97% |
| Employees (FTE) | - | - | - | 4.8 |
Key figures of MORGAN PHILIPS Belgique, 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 PHILIPS Belgique?
What happened at MORGAN PHILIPS Belgique in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 43,735. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 8,671 profit in 2022 to € 43,735 loss in 2025.
Paid € 5,000 in corporate taxes since 2022.
Best year ever: 2022, with € 8,671 profit.
On average € 131,200 of value added per employee in 2025.
A new publication or filing at MORGAN PHILIPS Belgique? We notify you, reason included.
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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
Establishments
Establishment units
Physical locations of this company
Louizalaan 222
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →SPHERE BELGIUM
€ 207,431 gross margin · 2025
ULTIMMO
€ -10,739 gross margin · 2024
B & S Associates
JEAN - PAUL HORDIES
Second Floor
€ 758,443 gross margin · 2025
+43 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
morganphilips.com
Registered
2010-02-10
Registrar
101domain GRS Limited
Expires
2027-02-10
Website info
Features
Security
Details
- Company number
- 0543.529.107
- VAT number
- BE 0543.529.107
- Registered office
- Louizalaan 222, 1050 Elsene
- Names & denominations
- MORGAN PHILIPS Belgique
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2013
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- morganphilips.com
- Activities · NACE
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Arbeidsbemiddeling
Overige zakelijke dienstverlening, neg
Andere vormen van arbeidsbemiddeling