ACTIVE

MORVAN

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Financial year 2024 · closed on 31/12/2024

Net result

73 k €

-73.6% YoY

Gross margin

474,7 k €

-33.3% YoY

Equity

7,6 M €

+1.0% YoY

Workforce

1,0 ETP

0.0% YoY

What does MORVAN do?

MORVAN is a Public limited company incorporated in 1985. Its registered office is in Gent. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.212.042

Incorporation

10/12/1985

Legal form

Public limited company

Registered office

Booiebos 21
9031 Gent · FlandreSee on map

Contributed capital

4 340 407,88 €

Latest accounts

31/12/2024

Average workforce

1,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive 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

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	474,7 k €	-33.3%	711,3 k €	+6.5%	667,6 k €	-30.6%	961,6 k €	+308%	235,8 k €	-49.1%	463 k €	+43.7%	322,3 k €	-32.3%	476 k €	+41.8%	335,6 k €	-0.8%	338,4 k €	-16.5%	405,5 k €	+3.2%	393 k €	-5.7%	416,6 k €	-1.8%	424,3 k €	+3.4%	410,1 k €	+25.4%	327,1 k €	+117%	150,6 k €	-56.4%	345,6 k €	-25.1%	461,1 k €
EBITDA	331,2 k €	-40.9%	560,7 k €	+9.7%	511,1 k €	-39.0%	838,2 k €	+923%	81,9 k €	-76.1%	342,7 k €	+65.4%	207,2 k €	-43.1%	364 k €	+60.5%	226,8 k €	-0.5%	227,8 k €	-12.5%	260,5 k €	-7.2%	280,8 k €	+7.4%	261,5 k €	-17.8%	318,4 k €	+1.7%	313 k €	+31.4%	238,3 k €	+11.4%	213,8 k €	-17.5%	259,3 k €	+14.9%	225,7 k €
Operating result	211,2 k €	-51.9%	439,2 k €	+25.8%	349,2 k €	-53.7%	754,7 k €	+39979%	-1,9 k €	-147%	4 k €	-96.7%	119,5 k €	-56.9%	277,3 k €	+98.0%	140 k €	+2.4%	136,7 k €	-16.0%	162,7 k €	-10.5%	181,8 k €	+8.1%	168,2 k €	-26.7%	229,5 k €	+0.3%	228,7 k €	+51.2%	151,2 k €	+9.6%	138 k €	-25.8%	185,9 k €	+16.4%	159,8 k €
Net result	73 k €	-73.6%	276 k €	+36.0%	203 k €	-61.9%	532,3 k €	+3876%	-14,1 k €	-35.6%	-10,4 k €	-113%	79,3 k €	-53.1%	169 k €	+94.1%	87,1 k €	+14.9%	75,8 k €	-16.9%	91,2 k €	+10.6%	82,5 k €	+14.2%	72,2 k €	-17.5%	87,5 k €	+7.1%	81,7 k €	-34.5%	124,9 k €	-8.6%	136,6 k €	+35.3%	101 k €	+32.8%	76 k €
Balance sheet
Equity	7,6 M €	+1.0%	7,5 M €	+3.8%	7,2 M €	+2.9%	7 M €	+8.2%	6,5 M €	-0.2%	6,5 M €	+20.2%	5,4 M €	+1.5%	5,3 M €	+3.3%	5,1 M €	+1.7%	5,1 M €	+45.2%	3,5 M €	+2.7%	3,4 M €	+60.7%	2,1 M €	+3.5%	2 M €	+4.5%	2 M €	+4.4%	1,9 M €	+7.2%	1,7 M €	+8.5%	1,6 M €	+6.7%	1,5 M €
Total assets	13,9 M €	+8.8%	12,8 M €	+2.7%	12,5 M €	+0.5%	12,4 M €	+24.3%	10 M €	-2.5%	10,3 M €	+51.1%	6,8 M €	-21.2%	8,6 M €	-4.4%	9 M €	+37.7%	6,5 M €	-5.6%	6,9 M €	+2.1%	6,8 M €	+15.1%	5,9 M €	+24.4%	4,7 M €	+4.7%	4,5 M €	+12.9%	4 M €	+10.7%	3,6 M €	+0.4%	3,6 M €	+3.8%	3,5 M €
Cash	29,1 k €	+5.6%	27,6 k €	-97.6%	1,1 M €	-20.4%	1,4 M €	+4307%	32,5 k €	+40.4%	23,1 k €	-51.3%	47,5 k €	+67.8%	28,3 k €	-65.9%	83,1 k €	+56.1%	53,2 k €	+175%	19,3 k €	-1.1%	19,6 k €	+175%	7,1 k €	-56.8%	16,5 k €	+31.6%	12,5 k €	-32.5%	18,5 k €	-40.6%	31,2 k €	+226%	9,6 k €	+3674%	254 €
Debts	6,1 M €	+20.7%	5 M €	+1.6%	5 M €	-3.9%	5,2 M €	+49.6%	3,5 M €	-5.1%	3,6 M €	+189%	1,3 M €	-59.8%	3,1 M €	-16.3%	3,7 M €	+178%	1,3 M €	-59.1%	3,3 M €	+11.9%	2,9 M €	-19.0%	3,6 M €	+43.0%	2,5 M €	+5.6%	2,4 M €	+21.1%	2 M €	+15.0%	1,7 M €	+1.6%	1,7 M €	+1.9%	1,7 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

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 · 4 active · 20 ended

Active mandates

J.J.M

Director · since 19 décembre 2023 · until 04 juin 2029 · 0785.973.578

Represented by Jo De heer Mortier

Active

K.M.P.

Director · since 19 décembre 2023 · until 04 juin 2029 · 0785.973.875

Represented by Koen De heer Mortier

Active

K.V.N.

Director · since 19 décembre 2023 · until 04 juin 2029 · 0895.391.558

Represented by Kurt De heer Van Nevel

Active

MORTIER GROUP

Managing director · since 19 décembre 2023 · until 04 juin 2029 · 0808.541.223

Represented by Julien De heer Mortier

Active

Ended mandates

J.J.M

Director · since 12 mai 2022 · until 02 juin 2025 · 0785.973.578

Represented by Jo De heer Mortier

Ended

K.M.P.

Director · since 12 mai 2022 · until 02 juin 2025 · 0785.973.875

Represented by Koen De heer Mortier

Ended

Jeanine Mevrouw Van der Sijpt

Director · since 03 juin 2019 · until 14 mars 2022

Ended

Jeanine Mevrouw Van der Sijpt

Director · since 03 juin 2019 · until 02 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
MORTI● Active	0420.961.390
MORTIER GROUP● Active	0808.541.223
VITONA● Active	0452.225.777

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged 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	27/08/2025	26/08/2024	24/08/2023	23/08/2022	27/08/2021	21/08/2020
General meeting	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021	01/06/2020
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
Abridged model	31/12/2024	02/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	23/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	21/08/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	11/09/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	22/08/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/01/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	05/06/2007	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 · 4 active · 20 ended

Active mandates

J.J.M

Director · since 19 décembre 2023 · until 04 juin 2029 · 0785.973.578

Represented by Jo De heer Mortier

Active

K.M.P.

Director · since 19 décembre 2023 · until 04 juin 2029 · 0785.973.875

Represented by Koen De heer Mortier

Active

K.V.N.

Director · since 19 décembre 2023 · until 04 juin 2029 · 0895.391.558

Represented by Kurt De heer Van Nevel

Active

MORTIER GROUP

Managing director · since 19 décembre 2023 · until 04 juin 2029 · 0808.541.223

Represented by Julien De heer Mortier

Active

Ended mandates

J.J.M

Director · since 12 mai 2022 · until 02 juin 2025 · 0785.973.578

Represented by Jo De heer Mortier

Ended

K.M.P.

Director · since 12 mai 2022 · until 02 juin 2025 · 0785.973.875

Represented by Koen De heer Mortier

Ended

Jeanine Mevrouw Van der Sijpt

Director · since 03 juin 2019 · until 14 mars 2022

Ended

Jeanine Mevrouw Van der Sijpt

Director · since 03 juin 2019 · until 02 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares21/05/2024
KAPITAAL - AANDELEN
PDF
Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/12/2019
KAPITAAL - AANDELEN
PDF
Mandates16/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/10/2013
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 202473 k €↓
2023
Annual accounts 2023276 k €↑
2022
Annual accounts 2022203 k €↓
2021
Annual accounts 2021532,3 k €↑
2020
Annual accounts 2020-14,1 k €↓
2019
Annual accounts 2019-10,4 k €↓
2018
Annual accounts 201879,3 k €↓
2017
Annual accounts 2017169 k €↑
2016
Annual accounts 201687,1 k €↑
2015
Annual accounts 201575,8 k €↓
2014
Annual accounts 201491,2 k €↑
2013
Annual accounts 201382,5 k €↑
2012
Annual accounts 201272,2 k €↓
2011
Annual accounts 201187,5 k €↑
2010
Annual accounts 201081,7 k €↓
2009
Annual accounts 2009124,9 k €↓
2008
Annual accounts 2008136,6 k €↑
2007
Annual accounts 2007101 k €↑
2006
Annual accounts 200676 k €
10/12/1985
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

MORVAN

Overview

What does MORVAN do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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