ACTIVE

MORESOFT

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Financial year 2024 · closed on 31/12/2024

Net result

4,4 k €

-97.9% YoY

Gross margin

94 k €

-76.8% YoY

Equity

677,1 k €

-1.8% YoY

What does MORESOFT do?

MORESOFT is a Private limited company incorporated in 1984. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Kraainem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.706.463

Incorporation

13/12/1984

Legal form

Private limited company

Registered office

Avenue du Val au Bois 5
1950 Kraainem · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Activities (NACE)

74601Other professional, scientific and technical activities· main 80010Security and investigation activities 80100Private security activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	94 k €	-76.8%	405,6 k €	-2.8%	417,1 k €	+903%	41,6 k €	+10.8%	37,5 k €	+7747%	478,4 €	-96.9%	15,6 k €	+241%	4,6 k €	-92.8%	63,8 k €	+219%	20 k €	+102%	9,9 k €	-66.6%	29,6 k €	+4.3%	28,4 k €	+34.5%	21,1 k €	+26.1%	16,8 k €	-64.6%	47,4 k €	+13115%	-364 €	-122%	1,6 k €	-21.4%	2,1 k €
EBITDA	92,6 k €	-77.1%	404,6 k €	-2.1%	413,4 k €	+917%	40,6 k €	+10.0%	37 k €	+28134%	130,9 €	-99.1%	15,1 k €	+267%	4,1 k €	-93.5%	63,1 k €	+221%	19,7 k €	+107%	9,5 k €	-67.6%	29,2 k €	+4.8%	27,9 k €	+36.5%	20,4 k €	+25.6%	16,3 k €	-65.3%	46,9 k €	+5828%	-819 €	-170%	1,2 k €	-25.9%	1,6 k €
Operating result	70,2 k €	-81.7%	382,9 k €	-3.9%	398,7 k €	+917%	39,2 k €	+11.7%	35,1 k €	+1699%	-2,2 k €	-117%	13,2 k €	+681%	1,7 k €	-97.2%	60,3 k €	+220%	18,8 k €	+115%	8,8 k €	-69.6%	28,9 k €	+4.9%	27,5 k €	+61.0%	17,1 k €	+32.2%	12,9 k €	-72.4%	46,9 k €	+4000%	-1,2 k €	-262%	741 €	+6.9%	693 €
Net result	4,4 k €	-97.9%	215,7 k €	-20.7%	271,9 k €	+900%	27,2 k €	+8.3%	25,1 k €	+110%	12 k €	-30.1%	17,1 k €	+7780%	217,2 €	-99.5%	39,6 k €	+55.8%	25,4 k €	+84.3%	13,8 k €	-45.4%	25,3 k €	+42.0%	17,8 k €	+58.4%	11,2 k €	+50.1%	7,5 k €	-74.5%	29,4 k €	+1117%	-2,9 k €	-193%	3,1 k €	-31.4%	4,5 k €
Balance sheet
Equity	677,1 k €	-1.8%	689,8 k €	+45.5%	474,1 k €	+134%	202,2 k €	+15.5%	175 k €	+16.8%	149,9 k €	+8.7%	137,9 k €	+14.2%	120,8 k €	+0.2%	120,6 k €	+13.8%	106 k €	+0.4%	105,5 k €	+3.7%	101,7 k €	+33.1%	76,5 k €	+30.3%	58,7 k €	+23.7%	47,4 k €	+18.7%	39,9 k €	+69.3%	23,6 k €	-10.9%	26,5 k €	+13.3%	23,4 k €
Total assets	829,2 k €	+1.1%	820,2 k €	+27.8%	641,6 k €	+87.2%	342,8 k €	+56.4%	219,1 k €	+21.9%	179,8 k €	+4.9%	171,4 k €	+12.6%	152,3 k €	+2.7%	148,3 k €	+8.6%	136,6 k €	+16.8%	117 k €	-14.5%	136,9 k €	+46.2%	93,6 k €	+41.2%	66,3 k €	-14.7%	77,7 k €	-0.4%	78,1 k €	+171%	28,8 k €	+5.7%	27,2 k €	+11.7%	24,4 k €
Cash	161 k €	-47.5%	307 k €	+13.4%	270,7 k €	+568%	40,5 k €	-72.7%	148,7 k €	+26.6%	117,5 k €	+624%	16,2 k €	-59.9%	40,4 k €	-20.2%	50,6 k €	-10.3%	56,4 k €	+69.0%	33,4 k €	+21.3%	27,5 k €	+252%	7,8 k €	-79.7%	38,4 k €	+29.7%	29,6 k €	-17.1%	35,8 k €	+2897%	1,2 k €	-91.2%	13,6 k €	+4296%	310 €
Debts	152 k €	+16.6%	130,4 k €	-22.2%	167,4 k €	+19.1%	140,6 k €	+219%	44,1 k €	+47.4%	29,9 k €	-10.6%	33,5 k €	+6.4%	31,5 k €	+13.5%	27,7 k €	-9.5%	30,6 k €	+169%	11,4 k €	-67.5%	35,1 k €	+104%	17,2 k €	+124%	7,7 k €	-74.7%	30,3 k €	-8.5%	33,1 k €	+538%	5,2 k €	+596%	746 €	-26.6%	1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

Benoit MOREL de WESTGAVER

Director · since 26 décembre 2023

Active

Vinciane-Noëllea MOREL de WESTGAVER

Director · since 26 décembre 2023

Active

Ended mandates

Vinciane Morel de Westgaver

Administrator - manager · since 24 novembre 2009

Ended

Benoit MOREL DE WESTGAVER

Manager

Ended

Nadine ANDRE DUMONT

Manager

Ended

Nadine ANDRE-DUMONT

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	26/09/2024	16/06/2023	25/05/2022	25/05/2021	10/07/2020
General meeting	23/09/2025	19/09/2024	09/05/2023	10/05/2022	11/05/2021	16/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	23/09/2025	29/09/2025	Dutch	PDF
Micro model	31/12/2023	19/09/2024	26/09/2024	French	PDF
Micro model	31/12/2022	09/05/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/05/2022	25/05/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	25/05/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	08/03/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/05/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/05/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 2 active · 7 ended

Active mandates

Benoit MOREL de WESTGAVER

Director · since 26 décembre 2023

Active

Vinciane-Noëllea MOREL de WESTGAVER

Director · since 26 décembre 2023

Active

Ended mandates

Vinciane Morel de Westgaver

Administrator - manager · since 24 novembre 2009

Ended

Benoit MOREL DE WESTGAVER

Manager

Ended

Nadine ANDRE DUMONT

Manager

Ended

Nadine ANDRE-DUMONT

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares22/05/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2009
MAATSCHAPPELIJKE ZETEL - 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

2024
Annual accounts 20244,4 k €↓
2023
Annual accounts 2023215,7 k €↓
2022
Annual accounts 2022271,9 k €↑
2021
Annual accounts 202127,2 k €↑
2020
Annual accounts 202025,1 k €↑
2019
Annual accounts 201912 k €↓
2018
Annual accounts 201817,1 k €↑
2017
Annual accounts 2017217,2 €↓
2016
Annual accounts 201639,6 k €↑
2015
Annual accounts 201525,4 k €↑
2014
Annual accounts 201413,8 k €↓
2013
Annual accounts 201325,3 k €↑
2012
Annual accounts 201217,8 k €↑
2011
Annual accounts 201111,2 k €↑
2010
Annual accounts 20107,5 k €↓
2009
Annual accounts 200929,4 k €↑
2008
Annual accounts 2008-2,9 k €↓
2007
Annual accounts 20073,1 k €↓
2006
Annual accounts 20064,5 k €
13/12/1984
IncorporationPrivate 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

MORESOFT

Overview

What does MORESOFT 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