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.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MORALEC INTERNATIONAL from Lubbeek, company number BE0818153824, closed financial year 2025 with a result of € -62,205 after tax. For that financial year MORALEC INTERNATIONAL recorded a gross margin of € 21,596 and equity of € -66,704. Compared with financial year 2024, the result moved from € 26,006 to € -62,205. 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 August 17, 2026.
€ -66,704
▼ € 62,205 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -62,205
▼ still € 26,006 profit in 2024
Profit after tax over the fiscal year.
€ 26,879
▲ 127% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -72,904.
People and assets in 2025
€ 4,167
▲ 246% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 252
▼ 18% vs 2024
Loans from banks and other lenders, long and short.
€ 1.7 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,521
▲ € 53,393 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 117,920 | € 116,819 | € 39,367 | € 21,596 | ▼ 45% |
| Profit after taxes | € 5,152 | € 72,021 | € 26,006 | € -62,205 | ▼ € 88,210 |
| Equity | € -102,526 | € -30,505 | € -4,499 | € -66,704 | ▼ € 62,205 |
| Total debts | € 1,652,895 | € 1,685,772 | € 1,638,883 | € 1,713,593 | ▲ 5% |
| Cash | € 29,808 | € 26,201 | € 11,848 | € 26,879 | ▲ 127% |
| Retained profit | € -108,726 | € -36,705 | € -10,699 | € -72,904 | ▼ € 62,205 |
| Bank debt | € 39 | € 39 | € 305 | € 252 | ▼ 18% |
| Balance sheet total | € 1,550,369 | € 1,655,266 | € 1,634,384 | € 1,646,888 | ▲ 1% |
Key figures of MORALEC INTERNATIONAL, 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 MORALEC INTERNATIONAL?
What happened at MORALEC INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 62,205 (▼ € 88,210 vs 2024). filed late Source: NBB ↗
- New establishment in Tienen. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,152 profit in 2022 to € 62,205 loss in 2025.
Paid € 90,909 in corporate taxes since 2022.
Best year ever: 2023, with € 72,021 profit.
A new publication or filing at MORALEC INTERNATIONAL? 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 MORALEC INTERNATIONAL is Guy Vangilbergen.
Directors
According to the 2025 annual accounts
Guy Vangilbergen
Director
Establishments
Establishment units
Physical locations of this company
Boutersemstraat(BIN) 25
3211 Lubbeek
Esperantolaan 13 box 1
3300 Tienen
Active since 25 August 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0818.153.824
- VAT number
- BE 0818.153.824
- Registered office
- Boutersemstraat(BIN) 25, 3211 Lubbeek
- Names & denominations
- MORALEC INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2009
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
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