ACTIVE

DE MORGENSTOND

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Financial year 2025 · closed on 30/06/2025

Net result

236 k €

+11.5% YoY

Gross margin

4,5 M €

+7.5% YoY

Equity

3,3 M €

+7.7% YoY

Workforce

54,7 ETP

+12.1% YoY

What does DE MORGENSTOND do?

DE MORGENSTOND is a Public limited company incorporated in 1964. Its registered office is in Tongeren-Borgloon. It employs on average 54,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.593.622

Incorporation

02/01/1964

Legal form

Public limited company

Registered office

Eerste-Meistraat 14A
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

297 472,23 €

Latest accounts

30/06/2025

Average workforce

54,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	4,5 M €	+7.5%	4,2 M €	+18.1%	3,5 M €	+24.1%	2,9 M €	+2.9%	2,8 M €	+13.2%	2,5 M €	-5.6%	2,6 M €	-4.8%	2,7 M €	+8.3%	2,5 M €	-10.0%	2,8 M €	+3.8%	2,7 M €	-1.0%	2,7 M €	+8.7%	2,5 M €	+1.3%	2,5 M €	+3.1%	2,4 M €	-7.5%	2,6 M €	-4.7%	2,7 M €	+4.0%	2,6 M €	+5.5%	2,5 M €
EBITDA	1,2 M €	-4.7%	1,3 M €	+21.8%	1 M €	+40.9%	729,5 k €	-9.1%	802,2 k €	+30.4%	615,3 k €	-1.0%	621,8 k €	-4.0%	647,3 k €	+3.3%	626,9 k €	-16.9%	754,1 k €	+12.3%	671,4 k €	-6.7%	720 k €	+4.6%	688,1 k €	+28.5%	535,7 k €	-15.5%	634 k €	-20.8%	800,3 k €	-8.2%	871,7 k €	+12.9%	772,1 k €	+17.6%	656,7 k €
Operating result	283,5 k €	-19.6%	352,5 k €	+167%	131,8 k €	+309%	-63,2 k €	-122%	283,8 k €	+22.4%	231,9 k €	+60.7%	144,3 k €	+68.7%	85,5 k €	+63.2%	52,4 k €	-71.1%	181,1 k €	+74.2%	103,9 k €	-16.5%	124,4 k €	+34.5%	92,5 k €	+127%	40,7 k €	-57.2%	95,1 k €	-53.4%	203,9 k €	+46.0%	139,7 k €	+64.5%	84,9 k €	-19.3%	105,3 k €
Net result	236 k €	+11.5%	211,6 k €	+132%	91,4 k €	+173%	-125,6 k €	-163%	200 k €	+15.8%	172,7 k €	+46.9%	117,5 k €	+106%	57 k €	+161%	21,9 k €	-81.1%	115,9 k €	+83.3%	63,3 k €	-12.3%	72,2 k €	+39.6%	51,7 k €	+678%	6,6 k €	-84.0%	41,5 k €	-58.0%	98,8 k €	+110%	47 k €	+16.0%	40,6 k €	+2.4%	39,6 k €
Balance sheet
Equity	3,3 M €	+7.7%	3,1 M €	+7.6%	2,8 M €	+3.5%	2,7 M €	-2.2%	2,8 M €	+16.4%	2,4 M €	+7.7%	2,2 M €	+5.5%	2,1 M €	+2.8%	2,1 M €	+38.5%	1,5 M €	+10.0%	1,4 M €	+6.7%	1,3 M €	+6.2%	1,2 M €	+11.3%	1,1 M €	+1.0%	1,1 M €	+4.2%	1 M €	+14.7%	890,2 k €	+8.7%	818,7 k €	+22.1%	670,4 k €
Total assets	5,5 M €	+6.3%	5,2 M €	+35.2%	3,8 M €	+3.5%	3,7 M €	-8.4%	4 M €	+39.1%	2,9 M €	+6.2%	2,7 M €	-8.4%	3 M €	-11.2%	3,3 M €	+26.0%	2,7 M €	-13.6%	3,1 M €	-7.0%	3,3 M €	+3.3%	3,2 M €	+3.9%	3,1 M €	+29.5%	2,4 M €	-13.3%	2,7 M €	-20.0%	3,4 M €	-9.2%	3,8 M €	+3.4%	3,7 M €
Cash	1,3 M €	+19.2%	1,1 M €	+97.9%	539,3 k €	+69.9%	317,4 k €	-40.6%	534,3 k €	-34.9%	820,2 k €	+71.3%	478,9 k €	-9.1%	526,8 k €	+0.2%	525,7 k €	-8.8%	576,1 k €	-7.6%	623,8 k €	+7.5%	580,3 k €	+21.6%	477,3 k €	+28.0%	373 k €	-8.3%	406,7 k €	+12.7%	360,7 k €	-28.0%	501,2 k €	+274%	134,1 k €	-39.8%	222,8 k €
Debts	2,2 M €	+3.0%	2,1 M €	+115%	979,9 k €	+3.4%	947,6 k €	-22.6%	1,2 M €	+152%	485,6 k €	-0.6%	488,5 k €	-42.9%	855,3 k €	-33.5%	1,3 M €	+10.0%	1,2 M €	-32.2%	1,7 M €	-15.5%	2 M €	+2.4%	2 M €	-0.8%	2 M €	+52.6%	1,3 M €	-23.7%	1,7 M €	-32.2%	2,5 M €	-14.2%	3 M €	-0.8%	3 M €
Other
Workforce	54,7 ETP	+12.1%	48,8 ETP	+4.7%	46,6 ETP	+1.5%	45,9 ETP	+5.0%	43,7 ETP	+0.5%	43,5 ETP	0.0%	43,5 ETP	-2.5%	44,6 ETP	-2.8%	45,9 ETP	-1.7%	46,7 ETP	+256%	13,1 ETP	-70.9%	45,0 ETP	+5.4%	42,7 ETP	-6.8%	45,8 ETP	+0.9%	45,4 ETP	+1.6%	44,7 ETP	-6.7%	47,9 ETP	+3.0%	46,5 ETP	-2.1%	47,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 9 ended

Active mandates

Christine Neyens

Director · since 06 décembre 2024 · until 05 décembre 2030

Active

JACOBUS NEYENS

Managing director · since 06 décembre 2024 · until 05 décembre 2030

Active

Ended mandates

CHRISTINE NEYENS

Director · since 06 décembre 2018 · until 05 décembre 2024

Ended

JACOBUS NEYENS

Managing director · since 06 décembre 2018 · until 05 décembre 2024

Ended

CHRISTINE NEYENS

Director · since 06 décembre 2012 · until 05 décembre 2018

Ended

HILDA VANBRABANT

Director · since 06 décembre 2012 · until 05 décembre 2018

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	30/01/2025	31/01/2024	31/01/2023	01/03/2023	28/01/2021
General meeting	04/12/2025	05/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	04/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	05/12/2024	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	07/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	01/12/2022	31/01/2023	Dutch	PDF
Abridged modelCorrection	30/06/2021	02/12/2021	01/03/2023	Dutch	PDF
Abridged model	30/06/2021	02/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	03/12/2020	28/01/2021	Dutch	PDF
Abridged model	30/06/2019	05/12/2019	29/01/2020	Dutch	PDF
Abridged model	30/06/2018	06/12/2018	29/01/2019	Dutch	PDF
Abridged model	30/06/2017	07/12/2017	23/01/2018	Dutch	PDF
Abridged model	30/06/2016	01/12/2016	25/01/2017	Dutch	PDF
Abridged model	30/06/2015	03/12/2015	25/01/2016	Dutch	PDF
Abridged model	30/06/2014	04/12/2014	26/01/2015	Dutch	PDF
Abridged model	30/06/2013	05/12/2013	30/01/2014	Dutch	PDF
Abridged model	30/06/2012	06/12/2012	24/01/2013	Dutch	PDF
Abridged model	30/06/2011	01/12/2011	03/02/2012	Dutch	PDF
Abridged model	30/06/2010	02/12/2010	28/01/2011	Dutch	PDF
Abridged model	30/06/2009	03/12/2009	08/02/2010	Dutch	PDF
Abridged model	30/06/2008	04/12/2008	24/02/2009	Dutch	PDF
Abridged model	30/06/2007	06/12/2007	28/02/2008	Dutch	PDF
Abridged model	30/06/2006	07/12/2006	31/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 9 ended

Active mandates

Christine Neyens

Director · since 06 décembre 2024 · until 05 décembre 2030

Active

JACOBUS NEYENS

Managing director · since 06 décembre 2024 · until 05 décembre 2030

Active

Ended mandates

CHRISTINE NEYENS

Director · since 06 décembre 2018 · until 05 décembre 2024

Ended

JACOBUS NEYENS

Managing director · since 06 décembre 2018 · until 05 décembre 2024

Ended

CHRISTINE NEYENS

Director · since 06 décembre 2012 · until 05 décembre 2018

Ended

HILDA VANBRABANT

Director · since 06 décembre 2012 · until 05 décembre 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/02/2007
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/02/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025236 k €↑
2024
Annual accounts 2024211,6 k €↑
2023
Annual accounts 202391,4 k €↑
2022
Annual accounts 2022-125,6 k €↓
2021
Annual accounts 2021200 k €↑
2020
Annual accounts 2020172,7 k €↑
2019
Annual accounts 2019117,5 k €↑
2018
Annual accounts 201857 k €↑
2017
Annual accounts 201721,9 k €↓
2016
Annual accounts 2016115,9 k €↑
2015
Annual accounts 201563,3 k €↓
2014
Annual accounts 201472,2 k €↑
2013
Annual accounts 201351,7 k €↑
2012
Annual accounts 20126,6 k €↓
2011
Annual accounts 201141,5 k €↓
2010
Annual accounts 201098,8 k €↑
2009
Annual accounts 200947 k €↑
2008
Annual accounts 200840,6 k €↑
2007
Annual accounts 200739,6 k €
02/01/1964
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DE MORGENSTOND

Overview

What does DE MORGENSTOND do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline