Financials
Financial year 2025
Group Moreel from Izegem, company number BE0848987253, closed financial year 2025 with a result of € 46,281 after tax. For that financial year Group Moreel recorded a gross margin of € 117,991 and equity of € 142,404. Compared with financial year 2024, the result moved from € 8,447 to € 46,281. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 142,404
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,281
▲ € 37,834 vs 2024
Profit after tax over the fiscal year.
€ 74,832
▲ 6% 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 € 141,804.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 15,784
▼ 83% 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.
€ 70,973
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 65,276
▼ 26% vs 2024
€ 21,011 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 21,227
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,642
▲ 53% vs 2024
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 | € 177,881 | € 171,729 | € 139,325 | € 117,991 | ▼ 15% |
| Profit after taxes | € 21,622 | € 13,416 | € 8,447 | € 46,281 | ▲ € 37,834 |
| Equity | € 160,239 | € 153,795 | € 96,123 | € 142,404 | ▲ 48% |
| Total debts | € 136,939 | € 112,376 | € 119,623 | € 89,213 | ▼ 25% |
| Cash | € 87,393 | € 50,141 | € 70,577 | € 74,832 | ▲ 6% |
| Retained profit | € 141,639 | € 153,195 | € 95,523 | € 141,804 | ▲ 48% |
| Dividend | € 0 | € 19,860 | € 66,120 | € 0 | ▼ 100% |
| Bank debt | € 97,906 | € 69,696 | € 87,770 | € 65,276 | ▼ 26% |
| Balance sheet total | € 297,178 | € 266,171 | € 215,746 | € 231,616 | ▲ 7% |
By gross margin, Group Moreel ranks 13th of 43 companies with main activity “Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen” in West Flanders that publish figures (fiscal year 2025).
Key figures of Group Moreel, 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.
Ask about Group Moreel the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to Group Moreel?
What happened at Group Moreel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46,281 (▲ € 37,834 vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 21,622 profit in 2022 to € 46,281 profit in 2025.
Paid € 43,337 in corporate taxes since 2022.
Best year ever: 2025, with € 46,281 profit.
Paid out € 85,980 in dividends to the owners in total.
Management
Behind Group Moreel is Geoffrey MOREEL.
Directors
According to the 2025 annual accounts
Geoffrey MOREEL
Director
Establishments
Establishment units
Physical locations of this company
Stuivenbergstraat 112 box 31
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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.
Similar companies in West Flanders
Same main activity (Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen), 52 active companies in West Flanders, largest first.
€ 31.6 million revenue · 2025 · Kortrijk
€ 11.6 million revenue · 2025 · Kortrijk
€ 1 million gross margin · 2024 · Brugge
€ 892,530 gross margin · 2025 · Torhout
€ 812,967 gross margin · 2025 · Veurne
€ 361,061 gross margin · 2025 · Roeselare
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- MOREEL Patrick Maurice(oprichter) 50%
- MOREEL Geoffrey Amedé(oprichter) 50%
Details
- Company number
- 0848.987.253
- VAT number
- BE 0848.987.253
- Registered office
- Stuivenbergstraat 112 bus 31, 8870 Izegem
- Names & denominations
- Group Moreel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2012
- Peppol
- Active · Active since 31 Aug 2023
- Activities · NACE
Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
Overige niet-gespecialiseerde detailhandel
Schilderen van gebouwen
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Detailhandel via postorderbedrijven of via internet