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 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MOROXCO from Zwevegem, company number BE0719795230, closed financial year 2025 with a result of € 248,652 after tax. For that financial year MOROXCO recorded a gross margin of € 331,483 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € 170,892 to € 248,652. Profitable, and profit is growing. 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 June 12, 2026.
€ -1.1 million
▲ € 248,652 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 248,652
▲ 46% vs 2024
Profit after tax over the fiscal year.
€ 84,061
▲ 55% 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 € -1.1 million.
People and assets in 2025
€ 15,369
▲ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 78,018
▲ 205% vs 2024
Of which on lease € 70,263.
Debts at end 2025
€ 1.5 million
€ 316,729 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 3,311
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,632
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 179,303 | € 231,835 | € 241,063 | € 331,483 | ▲ 38% |
| Profit after taxes | € 101,247 | € -1,506,334 | € 170,892 | € 248,652 | ▲ 46% |
| Equity | € 33,552 | € -1,472,782 | € -1,301,890 | € -1,053,238 | ▲ € 248,652 |
| Total debts | € 1,475,620 | € 1,629,609 | € 1,563,150 | € 1,548,669 | ▼ 1% |
| Cash | € 68,268 | € 35,689 | € 54,207 | € 84,061 | ▲ 55% |
| Retained profit | € 13,552 | € -1,492,782 | € -1,321,890 | € -1,073,238 | ▲ € 248,652 |
| Dividend | € 200,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,212,188 | € 1,518,094 | € 1,460,860 | € 1,466,118 | |
| Balance sheet total | € 1,509,172 | € 156,828 | € 261,260 | € 495,431 | ▲ 90% |
Key figures of MOROXCO, 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 MOROXCO?
What happened at MOROXCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 248,652 (▲ 46% vs 2024). Source: NBB ↗
- New establishment in Zwevegem. KBO
- Cédric Van Quickenborne became a director. NBB
- Elisa Vlerick became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 101,247 profit in 2022 to € 248,652 profit in 2025.
Paid € 82,071 in corporate taxes since 2022.
Best year ever: 2025, with € 248,652 profit.
Paid out € 200,000 in dividends to the owners in total.
Management
Behind MOROXCO are Cédric Van Quickenborne and Elisa Vlerick. The same people are also behind POINT. Cédric Van Quickenborne is also behind ATENOR, HERMES INVEST, Carick, Hairco and The House of Beauty. Elisa Vlerick is also behind RECTICEL, MIDELCO and Kanamori & Anderson.
Directors
According to the 2025 annual accounts
Cédric Van Quickenborne
Director
Also active at: ATENOR, POINT, HERMES INVEST, Carick, Hairco, The House of Beauty, DW Invest, COSY
since 2019
since 2019
Establishments
Establishment units
Physical locations of this company
Beekstraat(Z) 56
8550 Zwevegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0719.795.230
- VAT number
- BE 0719.795.230
- Registered office
- Beekstraat(Z) 56, 8550 Zwevegem
- Names & denominations
- MOROXCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2019
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings