Financials
Financial year 2025
MORGALINE from Evere, company number BE0891429109, closed financial year 2025 with a result of € 73,428 after tax. For that financial year MORGALINE recorded a gross margin of € 339,099 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 21,723 to € 73,428. 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 15, 2026.
€ 2.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,428
▲ 238% vs 2024
Profit after tax over the fiscal year.
€ 168,485
▲ 182% 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 € 2.6 million.
People and assets in 2025
€ 25,642
▼ 39% 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.
€ 10,925
▼ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 665,540
▼ 16% vs 2024
€ 126,448 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4,797
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,484
▲ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 210,989 | € 262,089 | € 287,551 | € 339,099 | ▲ 18% |
| Profit after taxes | € -17,367 | € 13,740 | € 21,723 | € 73,428 | ▲ 238% |
| Equity | € 2,514,111 | € 2,655,290 | € 2,677,013 | € 2,750,441 | ▲ 3% |
| Total debts | € 1,778,079 | € 1,481,260 | € 1,308,323 | € 1,201,269 | ▼ 8% |
| Cash | € 147,895 | € 20,902 | € 59,772 | € 168,485 | ▲ 182% |
| Land & buildings | € 3,589,945 | € 3,848,415 | € 3,773,439 | € 3,648,526 | ▼ 3% |
| Retained profit | € 2,495,561 | € 2,506,740 | € 2,528,463 | € 2,601,891 | ▲ 3% |
| Bank debt | € 1,311,273 | € 993,405 | € 791,509 | € 665,540 | ▼ 16% |
| Balance sheet total | € 4,320,083 | € 4,163,541 | € 4,011,423 | € 3,976,893 | ▼ 1% |
| Employees (FTE) | 0.5 | - | - | - |
Key figures of MORGALINE, 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 MORGALINE?
What happened at MORGALINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 73,428 (▲ 238% vs 2024). Source: NBB ↗
- Renaat STEENHOUDT became a director. NBB
- New establishment in Evere. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,367 loss in 2022 to € 73,428 profit in 2025.
Paid € 50,386 in corporate taxes since 2022.
Best year ever: 2025, with € 73,428 profit.
Management
Behind MORGALINE is Renaat STEENHOUDT. Renaat STEENHOUDT is also behind WOOD AND METAL ART.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 923
1140 Evere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0891.429.109
- VAT number
- BE 0891.429.109
- Registered office
- Leuvensesteenweg 923, 1140 Evere
- Names & denominations
- MORGALINE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 2007
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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