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 2 of the last 3 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 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GROUPE MORGAN SERVICES BELGIQUE from Charleroi, company number BE0784210653, closed financial year 2025 with a result of € -216,258 after tax. For that financial year GROUPE MORGAN SERVICES BELGIQUE recorded a gross margin of € 2.1 million and equity of € -138,662. Compared with financial year 2024, the result moved from € -304,462 to € -216,258. 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 7, 2026.
€ -138,662
▼ € 216,258 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -216,258
▲ 29 % less loss than in 2024
Profit after tax over the fiscal year.
€ 62,034
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
28.5
▼ 18.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 40% vs 2024
€ 81,200 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.
€ 12,667
▼ 34% 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.
€ 95,800
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 148,133
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 1,878,978 | € 3,641,224 | € 2,146,940 | ▼ 41% |
| Profit after taxes | € -667,942 | € -304,462 | € -216,258 | ▲ € 88,204 |
| Equity | € -567,942 | € 77,596 | € -138,662 | ▼ € 216,258 |
| Total debts | € 1,325,919 | € 1,651,295 | € 834,849 | ▼ 49% |
| Cash | € 41,483 | € 1,033,971 | € 62,034 | ▼ 94% |
| Retained profit | € -667,942 | € -972,404 | € -1,188,662 | ▼ € 216,258 |
| Balance sheet total | € 757,977 | € 1,728,891 | € 696,187 | ▼ 60% |
| Employees (FTE) | 32.4 | 46.9 | 28.5 | ▼ 18.4 |
Key figures of GROUPE MORGAN SERVICES BELGIQUE, fiscal years 2023 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 GROUPE MORGAN SERVICES BELGIQUE?
What happened at GROUPE MORGAN SERVICES 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 € 216,258. Source: NBB ↗
- Alexandre Boisson became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 667,942 loss in 2023 to € 216,258 loss in 2025.
Paid € 4,703 in corporate taxes since 2023.
On average € 75,300 of value added per employee in 2025.
A new publication or filing at GROUPE MORGAN SERVICES 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
Management
Behind GROUPE MORGAN SERVICES BELGIQUE is Alexandre Boisson.
Directors
According to the 2025 annual accounts
Alexandre Boisson
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Avenue de Philippeville 159
6001 Charleroi
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
Self-hosted
Hosting
PLANETHOSTER-8 - PlanetHoster, CA
Domain
Domain
groupe-morgan-services.fr
Registered
2016-10-25
Registrar
IONOS SE
Expires
2026-10-25
Website info
Features
Security
Details
- Company number
- 0784.210.653
- VAT number
- BE 0784.210.653
- Registered office
- Avenue de Philippeville 159, 6001 Charleroi
- Names & denominations
- GROUPE MORGAN SERVICES BELGIQUE · GMS BELGIQUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2022
- Peppol
- Active · Active since 19 Nov 2025
- Contact
- groupe-morgan-services.fr
- Activities · NACE
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening