ACTIVE

MOREL OPTICIENS

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Financial year 2025 · closed on 30/09/2025

Net result

1,1 M €

+15.0% YoY

Gross margin

2,4 M €

+122.7% YoY

Equity

4,7 M €

+31.7% YoY

Workforce

26,6 ETP

+129.3% YoY

What does MOREL OPTICIENS do?

MOREL OPTICIENS is a Public limited company incorporated in 1988. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Tournai. It employs on average 26,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.357.378

Incorporation

16/09/1988

Legal form

Public limited company

Registered office

Avenue de Maire(TOU) 24
7500 Tournai · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

26,6 ETP

Activities (NACE)

47742Retail sale of medical and orthopaedic goods in specialised stores· main 47782Other retail sale of new goods in specialised stores 52485Warehousing and support activities for transportation

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ 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	2,4 M €	+123%	1,1 M €	+9.8%	961,9 k €	+44.5%	665,5 k €	-7.6%	720,1 k €	+21.8%	591,4 k €	-2.7%	607,9 k €	+21.4%	500,7 k €	+58.8%	315,4 k €	+71.6%	183,8 k €	+5.6%	174 k €	+8.3%	160,7 k €	+65.2%	97,3 k €	-34.8%	149,3 k €	-8.5%	163,1 k €	-1.9%	166,2 k €	-4.2%	173,5 k €	+24.6%	139,3 k €	+41.0%	98,7 k €
EBITDA	796,4 k €	+115%	370,2 k €	-35.3%	571,9 k €	+48.2%	386 k €	-21.8%	493,7 k €	+35.6%	364,1 k €	-2.3%	372,9 k €	+69.7%	219,8 k €	+40.7%	156,3 k €	+26.8%	123,2 k €	+22.6%	100,5 k €	+20.8%	83,2 k €	+143%	34,2 k €	-66.8%	103,1 k €	+18.1%	87,3 k €	-4.9%	91,8 k €	-9.7%	101,7 k €	+48.0%	68,8 k €	+86.1%	36,9 k €
Operating result	129,3 k €	-31.3%	188,2 k €	-60.7%	478,5 k €	+54.4%	309,9 k €	-17.8%	377 k €	+53.4%	245,7 k €	+1.3%	242,6 k €	+219%	75,9 k €	+52.4%	49,8 k €	-1.8%	50,7 k €	+75.3%	28,9 k €	+536%	4,6 k €	+125%	-18,2 k €	-125%	71,8 k €	+13.0%	63,5 k €	+7.1%	59,3 k €	-7.8%	64,3 k €	+204%	21,2 k €	+447%	3,9 k €
Net result	1,1 M €	+15.0%	980,9 k €	+210%	316,2 k €	-58.6%	763,5 k €	+194%	259,9 k €	+59.3%	163,1 k €	-76.6%	697 k €	+1408%	46,2 k €	+44.2%	32,1 k €	-10.2%	35,7 k €	+6.7%	33,4 k €	+36.1%	24,6 k €	+370%	-9,1 k €	-111%	81,7 k €	+43.7%	56,9 k €	+21.4%	46,8 k €	+12.3%	41,7 k €	+168%	15,6 k €	+334%	3,6 k €
Balance sheet
Equity	4,7 M €	+31.7%	3,5 M €	+38.0%	2,6 M €	+14.8%	2,2 M €	+52.0%	1,5 M €	+21.5%	1,2 M €	+15.6%	1 M €	+57.5%	664,5 k €	+7.5%	618,2 k €	+16.9%	528,7 k €	+7.2%	493 k €	+7.3%	459,5 k €	-2.2%	470 k €	-1.9%	479,1 k €	+20.6%	397,4 k €	+16.7%	340,5 k €	+16.0%	293,7 k €	+16.6%	251,9 k €	+6.6%	236,3 k €
Total assets	9,1 M €	-9.3%	10 M €	+7.2%	9,3 M €	+70.6%	5,5 M €	+42.2%	3,8 M €	+50.0%	2,6 M €	-1.7%	2,6 M €	+0.4%	2,6 M €	+0.8%	2,6 M €	+222%	799,7 k €	+0.4%	796,9 k €	-0.1%	797,8 k €	+14.6%	696 k €	-4.7%	730,4 k €	+5.0%	695,7 k €	+14.8%	606,2 k €	+4.2%	581,5 k €	+12.8%	515,3 k €	-7.1%	554,9 k €
Cash	1,5 M €	+756%	173,1 k €	-63.7%	476,9 k €	+270%	128,9 k €	-54.0%	280,4 k €	-23.0%	364,3 k €	-39.3%	599,9 k €	-5.9%	637,3 k €	-5.6%	675,2 k €	+75.7%	384,2 k €	+37.2%	280 k €	+48.7%	188,3 k €	+25.3%	150,3 k €	-19.6%	186,8 k €	+44.5%	129,3 k €	-29.2%	182,5 k €	+10.8%	164,8 k €	+308%	40,4 k €	-68.4%	127,6 k €
Debts	4,3 M €	-32.5%	6,3 M €	-4.8%	6,6 M €	+114%	3,1 M €	+38.0%	2,2 M €	+83.9%	1,2 M €	-14.3%	1,4 M €	-20.9%	1,8 M €	-1.4%	1,8 M €	+1196%	141 k €	-18.9%	173,9 k €	-16.5%	208,2 k €	+117%	96 k €	-20.8%	121,3 k €	-27.9%	168,3 k €	+17.3%	143,4 k €	-19.4%	177,8 k €	+8.9%	163,4 k €	-28.5%	228,6 k €
Other
Workforce	26,6 ETP	+129%	11,6 ETP	+48.7%	7,8 ETP	-13.3%	9,0 ETP	+36.4%	6,6 ETP	-5.7%	7,0 ETP	+12.9%	6,2 ETP	-11.4%	7,0 ETP	+6.1%	6,6 ETP	+408%	1,3 ETP	-35.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	0.0%	1,9 ETP	+5.6%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 33 ended

Active mandates

Camille Morel

Director · since 01 mars 2019 · until 08 mars 2030

Active

Gilles Morel

Director · since 01 mars 2019 · until 08 mars 2030

Active

MORELIMMO

Managing director · since 01 mars 2019 · until 08 mars 2030 · 0472.480.565

Represented by MOREL Yves

Active

Yves Morel

Managing director · since 01 mars 2019 · until 08 mars 2030

Active

Laurence Bensoussan

Director · since 01 janvier 2019 · until 08 mars 2030

Active

Ended mandates

Camille Morel

Mandate · since 01 mars 2019 · until 07 mars 2025

Ended

Camille Morel

Director · since 01 mars 2019 · until 07 mars 2025

Ended

Gilles Morel

Mandate · since 01 mars 2019 · until 07 mars 2025

Ended

Gilles Morel

Director · since 01 mars 2019 · until 07 mars 2025

Ended

At this address

Other companies at this address

Company	CBE no.
MOREL & CO● Active	0704.665.012
MORELIMMO● Active	0472.480.565

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/04/2026	29/04/2025	02/05/2024	20/04/2023	19/04/2022	27/04/2021
General meeting	22/04/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	22/04/2026	24/04/2026	French	PDF
Abridged model	30/09/2024	07/03/2025	29/04/2025	French	PDF
Abridged model	30/09/2023	01/03/2024	02/05/2024	French	PDF
Abridged model	30/09/2022	03/03/2023	20/04/2023	French	PDF
Abridged model	30/09/2021	04/03/2022	19/04/2022	French	PDF
Abridged model	30/09/2020	05/03/2021	27/04/2021	French	PDF
Abridged model	30/09/2019	06/03/2020	10/04/2020	French	PDF
Abridged model	30/09/2018	01/03/2019	02/04/2019	French	PDF
Abridged model	30/09/2017	02/03/2018	27/04/2018	French	PDF
Abridged model	30/09/2016	03/03/2017	07/04/2017	French	PDF
Abridged model	30/09/2015	04/03/2016	24/03/2016	French	PDF
Abridged model	30/09/2014	06/03/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	07/03/2014	08/05/2014	French	PDF
Abridged model	30/09/2012	01/03/2013	30/05/2013	French	PDF
Abridged model	30/09/2011	02/03/2012	26/04/2012	French	PDF
Abridged model	30/09/2010	04/03/2011	28/04/2011	French	PDF
Abridged model	30/09/2009	05/03/2010	09/04/2010	French	PDF
Abridged model	30/09/2008	06/03/2009	26/03/2009	French	PDF
Abridged model	30/09/2007	07/03/2008	05/05/2008	French	PDF
Abridged model	30/09/2006	02/03/2007	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2025 · 5 active · 33 ended

Active mandates

Camille Morel

Director · since 01 mars 2019 · until 08 mars 2030

Active

Gilles Morel

Director · since 01 mars 2019 · until 08 mars 2030

Active

MORELIMMO

Managing director · since 01 mars 2019 · until 08 mars 2030 · 0472.480.565

Represented by MOREL Yves

Active

Yves Morel

Managing director · since 01 mars 2019 · until 08 mars 2030

Active

Laurence Bensoussan

Director · since 01 janvier 2019 · until 08 mars 2030

Active

Ended mandates

Camille Morel

Mandate · since 01 mars 2019 · until 07 mars 2025

Ended

Camille Morel

Director · since 01 mars 2019 · until 07 mars 2025

Ended

Gilles Morel

Mandate · since 01 mars 2019 · until 07 mars 2025

Ended

Gilles Morel

Director · since 01 mars 2019 · until 07 mars 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring28/07/2026
OBJET - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring07/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring12/03/2025
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Restructuring13/11/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/05/2023
DENOMINATION - SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring18/01/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates10/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates24/05/2019
DEMISSIONS, NOMINATIONS
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 20251,1 M €↑
2024
Annual accounts 2024980,9 k €↑
2024
Name changeMOREL OPTICIENS
2023
Annual accounts 2023316,2 k €↓
2022
Annual accounts 2022763,5 k €↑
2021
Annual accounts 2021259,9 k €↑
2021
Name changeOPTIQUE MOREL
2020
Annual accounts 2020163,1 k €↓
2019
Annual accounts 2019697 k €↑
2018
Annual accounts 201846,2 k €↑
2017
Annual accounts 201732,1 k €↓
2016
Annual accounts 201635,7 k €↑
2015
Annual accounts 201533,4 k €↑
2014
Annual accounts 201424,6 k €↑
2013
Annual accounts 2013-9,1 k €↓
2012
Annual accounts 201281,7 k €↑
2011
Annual accounts 201156,9 k €↑
2010
Annual accounts 201046,8 k €↑
2009
Annual accounts 200941,7 k €↑
2008
Annual accounts 200815,6 k €↑
2007
Annual accounts 20073,6 k €
16/09/1988
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

MOREL OPTICIENS

Overview

What does MOREL OPTICIENS 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