Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SQIN by Morgan from Zonhoven, company number BE0798342167, closed financial year 2025 with a result of € 152 after tax. For that financial year SQIN by Morgan recorded a gross margin of € 15,942 and equity of € 18,283. Compared with financial year 2024, the result moved from € 2,396 to € 152. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 18,283
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 152
▼ 94% vs 2024
Profit after tax over the fiscal year.
€ 8,027
▼ 38% 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 € 17,283.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,956
▲ € 2,697 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 50,413
▲ € 38,663 vs 2024
€ 4,769 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 11,444
▲ € 9,771 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,749
▲ 90% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 22,497 | € 9,369 | € 15,942 | ▲ 70% |
| Profit after taxes | € 14,734 | € 2,396 | € 152 | ▼ 94% |
| Equity | € 15,734 | € 18,131 | € 18,283 | ▲ 1% |
| Total debts | € 23,494 | € 32,008 | € 99,948 | ▲ 212% |
| Cash | € 25,935 | € 12,992 | € 8,027 | ▼ 38% |
| Retained profit | € 14,734 | € 17,131 | € 17,283 | ▲ 1% |
| Bank debt | € 0 | € 11,750 | € 50,413 | ▲ € 38,663 |
| Balance sheet total | € 39,228 | € 50,139 | € 118,231 | ▲ 136% |
Key figures of SQIN by Morgan, 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 SQIN by Morgan?
What happened at SQIN by Morgan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 152 (▼ 94% vs 2024). filed late Source: NBB ↗
- New establishment in Zonhoven. KBO
- Morgan Melotte became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,734 profit in 2023 to € 152 profit in 2025.
Paid € 4,922 in corporate taxes since 2023.
Best year ever: 2023, with € 14,734 profit.
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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 SQIN by Morgan is Morgan Melotte.
Directors
According to the 2025 annual accounts
Morgan Melotte
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Herestraat 52
3520 Zonhoven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.342.167
- VAT number
- BE 0798.342.167
- Registered office
- Herestraat 52, 3520 Zonhoven
- Names & denominations
- SQIN by Morgan
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 February 2023
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Schoonheidsverzorging en andere schoonheidsbehandelingen
Schoonheidsverzorging