ACTIVE

MOREL BELUX

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Financial year 2025 · Closed on 31/12/2025

Net result7,4 k €+224,9 %over 1 year
Gross margin166,6 k €-0,5 %over 1 year
Equity-257,5 k €+2,8 %over 1 year
Workforce1,8 ETP

Identity

Source · BCE/KBO

MOREL BELUX is a Public limited company incorporated in 1979. Its main activity is: Wholesale of electrical household appliances. Its registered office is in Ixelles. It employs on average 1,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0419.331.394
Incorporation
04/04/1979
Legal form
Public limited company
Registered office
Place du Champ de Mars 5
1050 Ixelles · BruxellesSee on map
Contributed capital
152 999,99 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin166,6 k €167,4 k €306,4 k €214,9 k €112,6 k €
EBITDA8,7 k €-91,1 €103,7 k €71,2 k €-32,9 k €
Operating result8,8 k €-91,1 €103,7 k €67,4 k €-34,7 k €
Net result7,4 k €-5,9 k €100,7 k €67,2 k €-27,6 k €
Balance sheet
Equity-257,5 k €-264,9 k €-259 k €-359,7 k €-426,8 k €
Total assets41,9 k €96,4 k €204,5 k €102,7 k €62,4 k €
Cash16,6 k €35,3 k €56,7 k €60,7 k €42,3 k €
Debts298,4 k €359,8 k €462,1 k €460,6 k €488,8 k €
Other
Workforce1,8 ETP0,0 ETP2,0 ETP2,0 ETP2,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 14 ended

Active mandates

Jérôme Morel

Managing director · since 24 mai 2024 · until 10 mai 2030

Active
Marie-Amélie Morel

Director · since 24 mai 2024 · until 10 mai 2030

Active

Ended mandates

Jérôme Morel

Managing director · since 04 mai 2020 · until 10 mai 2024

Ended
Jérôme MOREL

Managing director · since 28 février 2020 · until 10 mai 2024

Ended
Marie-Amélie Morel

Director · since 28 février 2020 · until 10 mai 2024

Ended
Jérôme Morel

Director · since 27 décembre 2018 · until 10 mai 2024

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202625/06/202504/07/202407/07/202306/07/202230/06/2021
General meeting08/05/202623/05/202524/05/202412/05/202302/05/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/05/202602/06/2026FrenchPDF
Abridged model31/12/202423/05/202525/06/2025FrenchPDF
Abridged model31/12/202324/05/202404/07/2024FrenchPDF
Abridged model31/12/202212/05/202307/07/2023FrenchPDF
Abridged model31/12/202102/05/202206/07/2022FrenchPDF
Abridged model31/12/202014/05/202130/06/2021FrenchPDF
Abridged model31/12/201919/06/202013/07/2020FrenchPDF
Abridged model31/12/201828/06/201930/08/2019FrenchPDF
Abridged model31/12/201730/06/201817/12/2018FrenchPDF
Micro model31/12/201630/06/201729/09/2017FrenchPDF
Abridged model31/12/201517/06/201630/09/2016FrenchPDF
Abridged model31/12/201420/06/201530/09/2015FrenchPDF
Abridged model31/12/201321/06/201430/09/2014FrenchPDF
Abridged model31/12/201228/06/201329/08/2013FrenchPDF
Abridged model31/12/201128/06/201220/08/2012FrenchPDF
Abridged model31/12/201030/06/201108/08/2011FrenchPDF
Abridged model31/12/200930/06/201020/08/2010FrenchPDF
Abridged model31/12/200830/06/200925/08/2009FrenchPDF
Abridged model31/12/200722/08/200828/10/2008FrenchPDF
Abridged model31/12/200629/06/200701/08/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 14 ended

Active mandates

Jérôme Morel

Managing director · since 24 mai 2024 · until 10 mai 2030

Active
Marie-Amélie Morel

Director · since 24 mai 2024 · until 10 mai 2030

Active

Ended mandates

Jérôme Morel

Managing director · since 04 mai 2020 · until 10 mai 2024

Ended
Jérôme MOREL

Managing director · since 28 février 2020 · until 10 mai 2024

Ended
Marie-Amélie Morel

Director · since 28 février 2020 · until 10 mai 2024

Ended
Jérôme Morel

Director · since 27 décembre 2018 · until 10 mai 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office10/11/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL
    PDF
  • Mandates04/09/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/07/2020
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/01/2019
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/03/2017
    DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates28/01/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2015
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20257,4 k €↑
  2. 2024
    Annual accounts 2024-5,9 k €↓
  3. 2023
    Annual accounts 2023100,7 k €↑
  4. 2022
    Annual accounts 202267,2 k €↑
  5. 2021
    Annual accounts 2021-27,6 k €↑
  6. 2019
    Annual accounts 2019-109,8 k €↑
  7. 2018
    Annual accounts 2018-272,3 k €↓
  8. 2017
    Annual accounts 2017-3 k €↓
  9. 2016
    Annual accounts 201671,2 k €↑
  10. 2015
    Annual accounts 201548,3 k €↑
  11. 2014
    Annual accounts 2014-17,6 k €↓
  12. 2013
    Annual accounts 201315,6 k €↑
  13. 2012
    Annual accounts 2012-27,1 k €↓
  14. 2011
    Annual accounts 201140,6 k €↓
  15. 2010
    Annual accounts 2010192,5 k €↑
  16. 2009
    Annual accounts 2009-84,6 k €
  17. 04/04/1979
    IncorporationPublic limited company