What does MORGAN L. do?

MORGAN L. is registered with the CBE as active in: Kappers- en barbiersactiviteiten. Private Limited, started on 12 January 2005, 1 establishment.

What is the address of MORGAN L.?

The registered office of MORGAN L. is located at Hogeschoollaan 7, 1050 Elsene.

Is MORGAN L. still active?

Yes. According to the CBE (4 October 2026) MORGAN L. is active, legal situation “Normale toestand”, started on 12 January 2005.

Is MORGAN L. registered on Peppol?

Yes, MORGAN L. is registered on the Peppol network with ID 0208:0871161948.

What is the enterprise number of MORGAN L.?

The enterprise number of MORGAN L. is BE0871161948.

When was MORGAN L. founded?

MORGAN L. was founded on 12 January 2005.

Who are the directors of MORGAN L.?

According to the 2025 annual accounts, the directors of MORGAN L. are: SEBASTIEN VANDER BORGHT.

Is MORGAN L. a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 January 2005; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MORGAN L. make in 2025?

MORGAN L. posted a profit after taxes of € 64,819 in financial year 2025.

What is the revenue of MORGAN L.?

As a small company, MORGAN L. is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 179,362.

MORGAN L. (Private Limited) - Elsene - BE0871161948

Dossier MORGAN L., printed on 4 October 2026 from databakkes.be/en/0871161948/morgan-l. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MORGAN L. from Elsene, company number BE0871161948, closed financial year 2025 with a result of € 64,819 after tax. For that financial year MORGAN L. recorded a gross margin of € 179,362 and equity of € 120,630. Compared with financial year 2024, the result moved from € 14,711 to € 64,819. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 14, 2026.

What it is worth Growing

€ 120,630

▲ 116% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 64,819

▲ € 50,108 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1,679

▼ 73% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 101,880.

People and assets in 2025

Wage cost

€ 61,171

▼ 18% 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.

Vehicles and equipment

€ 2,418

▲ € 2,207 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 280,959

▼ 2% vs 2024

€ 78,668 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 13,248

▼ 68% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 57,485

▲ 60% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 295,650 Revenue 2022: € 295,650 First fiscal year in the series	€ 300,551 Revenue 2023: € 300,551 ▲ 2% vs 2022 (€ 295,650) Favourable step	€ 310,225 Revenue 2024: € 310,225 ▲ 3% vs 2023 (€ 300,551) Favourable step	-
Gross margin	€ 180,876 Gross margin 2022: € 180,876 First fiscal year in the series	€ 157,054 Gross margin 2023: € 157,054 ▼ 13% vs 2022 (€ 180,876) Unfavourable step	€ 156,298 Gross margin 2024: € 156,298 Unchanged (€ 157,054) Unfavourable step	€ 179,362 Gross margin 2025: € 179,362 ▲ 15% vs 2024 (€ 156,298) Favourable step	▲ 15%
Profit after taxes	€ 25,388 Profit after taxes 2022: € 25,388 First fiscal year in the series	€ 18,948 Profit after taxes 2023: € 18,948 ▼ 25% vs 2022 (€ 25,388) Unfavourable step	€ 14,711 Profit after taxes 2024: € 14,711 ▼ 22% vs 2023 (€ 18,948) Unfavourable step	€ 64,819 Profit after taxes 2025: € 64,819 ▲ € 50,108 vs 2024 (€ 14,711) Favourable step	▲ € 50,108
Equity	€ 22,151 Equity 2022: € 22,151 First fiscal year in the series	€ 41,099 Equity 2023: € 41,099 ▲ 86% vs 2022 (€ 22,151) Favourable step	€ 55,811 Equity 2024: € 55,811 ▲ 36% vs 2023 (€ 41,099) Favourable step	€ 120,630 Equity 2025: € 120,630 ▲ 116% vs 2024 (€ 55,811) Favourable step	▲ 116%
Total debts	€ 429,197 Total debts 2022: € 429,197 First fiscal year in the series	€ 426,574 Total debts 2023: € 426,574 ▼ 1% vs 2022 (€ 429,197) Favourable step	€ 364,315 Total debts 2024: € 364,315 ▼ 15% vs 2023 (€ 426,574) Favourable step	€ 351,692 Total debts 2025: € 351,692 ▼ 3% vs 2024 (€ 364,315) Favourable step	▼ 3%
Cash	€ 1,310 Cash 2022: € 1,310 First fiscal year in the series	€ 3,955 Cash 2023: € 3,955 ▲ 202% vs 2022 (€ 1,310) Favourable step	€ 6,240 Cash 2024: € 6,240 ▲ 58% vs 2023 (€ 3,955) Favourable step	€ 1,679 Cash 2025: € 1,679 ▼ 73% vs 2024 (€ 6,240) Unfavourable step	▼ 73%
Land & buildings	€ 313,000 Land & buildings 2022: € 313,000 First fiscal year in the series	€ 300,250 Land & buildings 2023: € 300,250 ▼ 4% vs 2022 (€ 313,000) Unchanged	€ 283,250 Land & buildings 2024: € 283,250 ▼ 6% vs 2023 (€ 300,250) Unchanged	€ 266,250 Land & buildings 2025: € 266,250 ▼ 6% vs 2024 (€ 283,250) Unchanged	▼ 6%
Retained profit	€ 3,401 Retained profit 2022: € 3,401 First fiscal year in the series	€ 22,349 Retained profit 2023: € 22,349 ▲ € 18,948 vs 2022 (€ 3,401) Favourable step	€ 37,061 Retained profit 2024: € 37,061 ▲ 66% vs 2023 (€ 22,349) Favourable step	€ 101,880 Retained profit 2025: € 101,880 ▲ 175% vs 2024 (€ 37,061) Favourable step	▲ 175%
Bank debt	€ 351,847 Bank debt 2022: € 351,847 First fiscal year in the series	€ 327,745 Bank debt 2023: € 327,745 ▼ 7% vs 2022 (€ 351,847) Favourable step	€ 286,760 Bank debt 2024: € 286,760 ▼ 13% vs 2023 (€ 327,745) Favourable step	€ 280,959 Bank debt 2025: € 280,959 ▼ 2% vs 2024 (€ 286,760) Favourable step	▼ 2%
Balance sheet total	€ 458,857 Balance sheet total 2022: € 458,857 First fiscal year in the series	€ 475,182 Balance sheet total 2023: € 475,182 ▲ 4% vs 2022 (€ 458,857) Unchanged	€ 427,635 Balance sheet total 2024: € 427,635 ▼ 10% vs 2023 (€ 475,182) Unchanged	€ 479,830 Balance sheet total 2025: € 479,830 ▲ 12% vs 2024 (€ 427,635) Unchanged	▲ 12%

Key figures of MORGAN L., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to MORGAN L.?

What happened at MORGAN L. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jan 14, 2026 New annual accounts for financial year 2025: profit of € 64,819 (▲ € 50,108 vs 2024). Source: NBB ↗
Jan 24, 2005 New establishment in Elsene. KBO
2005 SEBASTIEN VANDER BORGHT became a director. NBB
Jan 12, 2005 Start of the company according to the CBE. KBO

In short

From € 25,388 profit in 2022 to € 64,819 profit in 2025.

Paid € 16,835 in corporate taxes since 2022.

Best year ever: 2025, with € 64,819 profit.

Original PDFs at the National Bank ↗

A new publication or filing at MORGAN L.? We notify you, reason included.

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My folder 3 companies

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

Real filings at the National Bank

Management

SEBASTIEN VANDER BORGHT

MORGAN L.

Behind MORGAN L. is SEBASTIEN VANDER BORGHT.

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Directors

According to the 2025 annual accounts

SEBASTIEN VANDER BORGHT

Director

since 2005

Establishments

Establishment units

Physical locations of this company

Registered office

Hogeschoollaan 7

1050 Elsene

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0871.161.948

VAT number

BE 0871.161.948

Registered office

Hogeschoollaan 7, 1050 Elsene

Names & denominations

MORGAN L.

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

12 January 2005

Peppol

Active · Active since 6 Jan 2026

Activities · NACE

Kappers- en barbiersactiviteiten

Kapsalons

Haarverzorging

View on CBE Public ↗ Annual accounts (NBB) ↗

MORGAN L.

Financials

What happened to MORGAN L.?

Know what changes at your customers, suppliers and competitors. Without reading an annual account.

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions