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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MORALO from Maldegem, company number BE0670720851, closed financial year 2025 with a result of € -4,081 after tax. For that financial year MORALO recorded a gross margin of € -3,271 and equity of € -28,743. Compared with financial year 2024, the result moved from € -7,330 to € -4,081. 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 31, 2026.
€ -28,743
▼ € 4,081 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,081
▲ 44 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,149
▲ € 4,558 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,943.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 585
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15
▼ 84% vs 2024
Loans from banks and other lenders, long and short.
€ 1,038
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 | € 8,705 | € 3,331 | € -5,770 | € -3,271 | ▲ € 2,499 |
| Profit after taxes | € 7,012 | € 1,567 | € -7,330 | € -4,081 | ▲ € 3,249 |
| Equity | € -18,900 | € -17,333 | € -24,662 | € -28,743 | ▼ € 4,081 |
| Total debts | € 27,866 | € 27,867 | € 27,528 | € 36,389 | ▲ 32% |
| Cash | € 5,075 | € 557 | € 591 | € 5,149 | ▲ € 4,558 |
| Retained profit | € -25,100 | € -23,533 | € -30,862 | € -34,943 | ▼ € 4,081 |
| Bank debt | € 15,528 | € 6,763 | € 94 | € 15 | ▼ 84% |
| Balance sheet total | € 8,966 | € 10,534 | € 2,866 | € 7,646 | ▲ 167% |
Key figures of MORALO, 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 MORALO?
What happened at MORALO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,081. Source: NBB ↗
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,012 profit in 2022 to € 4,081 loss in 2025.
Best year ever: 2022, with € 7,012 profit.
Management
Behind MORALO is Seppe Claeys.
Directors
According to the 2025 annual accounts
Seppe Claeys
Director
Establishments
Establishment units
Physical locations of this company
Oosteindeke 53
9991 Maldegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0670.720.851
- VAT number
- BE 0670.720.851
- Registered office
- Oosteindeke 53, 9991 Maldegem
- Names & denominations
- MORALO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2017
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
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