What does TPM Morel do?

TPM Morel is an engineering firm in Brugge. Private Limited, started on 10 April 2008, 1 establishment.

What is the address of TPM Morel?

The registered office of TPM Morel is located at Maagdenstraat 92, 8000 Brugge.

Is TPM Morel still active?

Yes. According to the CBE (4 October 2026) TPM Morel is active, legal situation “Normale toestand”, started on 10 April 2008.

Is TPM Morel registered on Peppol?

Yes, TPM Morel is registered on the Peppol network with ID 0208:0897297411.

What is the enterprise number of TPM Morel?

The enterprise number of TPM Morel is BE0897297411.

When was TPM Morel founded?

TPM Morel was founded on 10 April 2008.

Who are the directors of TPM Morel?

According to the 2025 annual accounts, the directors of TPM Morel are: John Morel, Katrien Decoster.

Is TPM Morel a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 April 2008; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did TPM Morel make in 2025?

TPM Morel posted a profit after taxes of € 16,927 in financial year 2025.

What is the revenue of TPM Morel?

As a small company, TPM Morel is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 161,807.

TPM Morel (Private Limited) - Brugge - BE0897297411

Dossier TPM Morel, printed on 4 October 2026 from databakkes.be/en/0897297411/tpm-morel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

TPM Morel from Brugge, company number BE0897297411, closed financial year 2025 with a result of € 16,927 after tax. For that financial year TPM Morel recorded a gross margin of € 161,807 and equity of € 473,702. Compared with financial year 2024, the result moved from € 12,555 to € 16,927. 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 July 8, 2026.

What it is worth Growing

€ 473,702

▲ 4% vs 2024

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

Profit Growing

€ 16,927

▲ 35% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 38,288

▲ 35% 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 € 448,502.

People and assets in 2025

Vehicles and equipment

€ 27,133

▼ 28% vs 2024

Of which on lease € 18,951.

Debts at end 2025

Bank debt ≈ 6 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.

€ 289,815

▼ 15% vs 2024

€ 50,817 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 2,385

▲ 231% vs 2024

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

Taxes

€ 27,394

▲ 5% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 117,205 Gross margin 2022: € 117,205 First fiscal year in the series	€ 152,300 Gross margin 2023: € 152,300 ▲ 30% vs 2022 (€ 117,205) Favourable step	€ 160,476 Gross margin 2024: € 160,476 ▲ 5% vs 2023 (€ 152,300) Favourable step	€ 161,807 Gross margin 2025: € 161,807 ▲ 1% vs 2024 (€ 160,476) Favourable step	▲ 1%
Profit after taxes	€ 15,547 Profit after taxes 2022: € 15,547 First fiscal year in the series	€ 11,830 Profit after taxes 2023: € 11,830 ▼ 24% vs 2022 (€ 15,547) Unfavourable step	€ 12,555 Profit after taxes 2024: € 12,555 ▲ 6% vs 2023 (€ 11,830) Favourable step	€ 16,927 Profit after taxes 2025: € 16,927 ▲ 35% vs 2024 (€ 12,555) Favourable step	▲ 35%
Equity	€ 492,987 Equity 2022: € 492,987 First fiscal year in the series	€ 504,817 Equity 2023: € 504,817 ▲ 2% vs 2022 (€ 492,987) Favourable step	€ 456,775 Equity 2024: € 456,775 ▼ 10% vs 2023 (€ 504,817) Unfavourable step	€ 473,702 Equity 2025: € 473,702 ▲ 4% vs 2024 (€ 456,775) Favourable step	▲ 4%
Total debts	€ 1,001,122 Total debts 2022: € 1,001,122 First fiscal year in the series	€ 972,354 Total debts 2023: € 972,354 ▼ 3% vs 2022 (€ 1,001,122) Favourable step	€ 939,756 Total debts 2024: € 939,756 ▼ 3% vs 2023 (€ 972,354) Favourable step	€ 867,277 Total debts 2025: € 867,277 ▼ 8% vs 2024 (€ 939,756) Favourable step	▼ 8%
Cash	€ 27,026 Cash 2022: € 27,026 First fiscal year in the series	€ 19,166 Cash 2023: € 19,166 ▼ 29% vs 2022 (€ 27,026) Unfavourable step	€ 28,272 Cash 2024: € 28,272 ▲ 48% vs 2023 (€ 19,166) Favourable step	€ 38,288 Cash 2025: € 38,288 ▲ 35% vs 2024 (€ 28,272) Favourable step	▲ 35%
Land & buildings	€ 725,104 Land & buildings 2022: € 725,104 First fiscal year in the series	€ 696,282 Land & buildings 2023: € 696,282 ▼ 4% vs 2022 (€ 725,104) Unchanged	€ 667,461 Land & buildings 2024: € 667,461 ▼ 4% vs 2023 (€ 696,282) Unchanged	€ 638,639 Land & buildings 2025: € 638,639 ▼ 4% vs 2024 (€ 667,461) Unchanged	▼ 4%
Retained profit	€ 467,787 Retained profit 2022: € 467,787 First fiscal year in the series	€ 479,617 Retained profit 2023: € 479,617 ▲ 3% vs 2022 (€ 467,787) Favourable step	€ 431,575 Retained profit 2024: € 431,575 ▼ 10% vs 2023 (€ 479,617) Unfavourable step	€ 448,502 Retained profit 2025: € 448,502 ▲ 4% vs 2024 (€ 431,575) Favourable step	▲ 4%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 60,597 Dividend 2024: € 60,597 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 60,597) Unchanged	▼ 100%
Bank debt	€ 394,268 Bank debt 2022: € 394,268 First fiscal year in the series	€ 390,038 Bank debt 2023: € 390,038 ▼ 1% vs 2022 (€ 394,268) Favourable step	€ 340,158 Bank debt 2024: € 340,158 ▼ 13% vs 2023 (€ 390,038) Favourable step	€ 289,815 Bank debt 2025: € 289,815 ▼ 15% vs 2024 (€ 340,158) Favourable step	▼ 15%
Balance sheet total	€ 1,494,109 Balance sheet total 2022: € 1,494,109 First fiscal year in the series	€ 1,477,171 Balance sheet total 2023: € 1,477,171 ▼ 1% vs 2022 (€ 1,494,109) Unchanged	€ 1,396,531 Balance sheet total 2024: € 1,396,531 ▼ 5% vs 2023 (€ 1,477,171) Unchanged	€ 1,340,979 Balance sheet total 2025: € 1,340,979 ▼ 4% vs 2024 (€ 1,396,531) Unchanged	▼ 4%

Key figures of TPM Morel, 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 TPM Morel?

What happened at TPM Morel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 8, 2026 New annual accounts for financial year 2025: profit of € 16,927 (▲ 35% vs 2024). Source: NBB ↗
2019 Katrien Decoster became a director. NBB
Apr 10, 2008 New establishment in Brugge. KBO
2008 John Morel became a director. NBB
Apr 10, 2008 Start of the company according to the CBE. KBO

In short

From € 15,547 profit in 2022 to € 16,927 profit in 2025.

Paid € 47,763 in corporate taxes since 2022.

Best year ever: 2025, with € 16,927 profit.

Paid out € 60,597 in dividends to the owners in total.

Original PDFs at the National Bank ↗

A new publication or filing at TPM Morel? 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

John Morel Katrien Decoster

TPM Morel

Behind TPM Morel are John Morel and Katrien Decoster.

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Directors

According to the 2025 annual accounts

John Morel

Director

since 2008

Katrien Decoster

Director

since 2019

Establishments

Establishment units

Physical locations of this company

Registered office

Maagdenstraat 92

8000 Brugge

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

Details

Company number

0897.297.411

VAT number

BE 0897.297.411

Registered office

Maagdenstraat 92, 8000 Brugge

Names & denominations

TPM Morel

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

10 April 2008

Peppol

Active · Active since 3 Oct 2025

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View on CBE Public ↗ Annual accounts (NBB) ↗

TPM Morel

Financials

What happened to TPM Morel?

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

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions