ACTIVE

MORGAN INVEST

Financial year 2024 · Closed on 31/12/2024

Net result32,2 M €+6 811,5 %over 1 year
Equity55,7 M €+137,1 %over 1 year
Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

MORGAN INVEST is a Public limited company incorporated in 1989. Its main activity is: Development of building projects. Its registered office is in Bruxelles. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.790.395
Incorporation
13/06/1989
Legal form
Public limited company
Registered office
Galerie Ravenstein 3 box 9
1000 Bruxelles · BruxellesSee on map
Contributed capital
24 144 927,42 €
Latest accounts
31/12/2024
Average workforce
1,0 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20242023202220212020
Income statement
Gross margin––––-51,9 k €
EBITDA-167,2 k €-109,9 k €3,8 k €-4 M €-107,9 k €
Operating result-167,2 k €-109,9 k €3,8 k €-4 M €-107,9 k €
Net result32,2 M €-479,9 k €704,6 k €-3,4 M €-899,1 k €
Balance sheet
Equity55,7 M €23,5 M €24 M €23,3 M €26,7 M €
Total assets439,3 M €436 M €361,2 M €344,8 M €384,3 M €
Cash527,2 k €2,8 M €2,3 M €2,3 M €623,3 k €
Debts383,5 M €412,5 M €337,2 M €321,5 M €357,6 M €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP0,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 19 ended

Active mandates

Fintea Management & Consulting Services

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0895.863.789

Represented by Tom Eeckhout

Active
Fortim

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0417.166.811

Represented by Michael Lisman

Active

Ended mandates

Fortim

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0417.166.811

Represented by Capital Falcon

Ended
ROBELCO

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0473.652.087

Represented by Capital Falcon

Ended
Fortim

Director · since 01 janvier 2014 · until 31 décembre 2019 · 0417.166.811

Represented by Capital Falcon

Ended
Fortim

Director · since 01 janvier 2014 · until 31 décembre 2019 · 0417.166.811

Represented by Capital Falcon

Ended

Other companies at this address

Galerie Ravenstein 3 1000 Bruxelles

Full financial information

Source · NBB
202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/09/202527/09/202428/09/202327/10/202229/10/202109/10/2020
General meeting14/05/202508/05/202410/05/202311/05/202212/05/202122/07/2020
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202414/05/202529/09/2025DutchPDF
Full model31/12/202308/05/202427/09/2024DutchPDF
Full model31/12/202210/05/202328/09/2023DutchPDF
Full model31/12/202111/05/202227/10/2022DutchPDF
Abridged model31/12/202012/05/202129/10/2021DutchPDF
Abridged model31/12/201922/07/202009/10/2020DutchPDF
Abridged model31/12/201808/05/201931/07/2019DutchPDF
Abridged model31/12/201709/05/201831/08/2018DutchPDF
Abridged model31/12/201610/05/201730/08/2017DutchPDF
Abridged model31/12/201501/06/201631/08/2016DutchPDF
Abridged model31/12/201413/05/201519/08/2015DutchPDF
Abridged model31/12/201314/05/201429/08/2014DutchPDF
Abridged model31/12/201208/05/201328/08/2013DutchPDF
Abridged model31/12/201109/05/201211/09/2012DutchPDF
Abridged model30/12/201011/05/201130/08/2011DutchPDF
Abridged model30/12/200930/06/201026/08/2010DutchPDF
Abridged model30/12/200813/05/200928/08/2009DutchPDF
Abridged model30/12/200714/05/200816/07/2008DutchPDF
Abridged model30/12/200609/05/200701/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 19 ended

Active mandates

Fintea Management & Consulting Services

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0895.863.789

Represented by Tom Eeckhout

Active
Fortim

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0417.166.811

Represented by Michael Lisman

Active

Ended mandates

Fortim

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0417.166.811

Represented by Capital Falcon

Ended
ROBELCO

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0473.652.087

Represented by Capital Falcon

Ended
Fortim

Director · since 01 janvier 2014 · until 31 décembre 2019 · 0417.166.811

Represented by Capital Falcon

Ended
Fortim

Director · since 01 janvier 2014 · until 31 décembre 2019 · 0417.166.811

Represented by Capital Falcon

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/01/2026
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office18/12/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/05/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/03/2013
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates17/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares22/07/2011
    KAPITAAL - AANDELEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 15/11/2025
    reconductionFintea Management & Consulting Services BV — bestuurder
  2. 15/11/2025
    nominationRoyal Property Management NV — bestuurder
  3. 2024
    Annual accounts 202432,2 M €↑
  4. 2023
    Annual accounts 2023-479,9 k €↓
  5. 2022
    Annual accounts 2022704,6 k €↑
  6. 2021
    Annual accounts 2021-3,4 M €↓
  7. 2020
    Annual accounts 2020-899,1 k €↓
  8. 2019
    Annual accounts 20193,1 M €↑
  9. 2018
    Annual accounts 2018-736,6 k €↓
  10. 2017
    Annual accounts 2017-67,3 k €↑
  11. 2016
    Annual accounts 2016-1,6 M €↓
  12. 2015
    Annual accounts 2015-1,2 M €↑
  13. 2014
    Annual accounts 2014-1,8 M €↓
  14. 2013
    Annual accounts 2013-1,7 M €↓
  15. 2012
    Annual accounts 20127,3 M €↑
  16. 2011
    Annual accounts 2011320,5 k €↓
  17. 2010
    Annual accounts 2010994,2 k €↑
  18. 2009
    Annual accounts 2009-2,8 M €↓
  19. 2008
    Annual accounts 20087,2 M €↑
  20. 2007
    Annual accounts 2007617,6 k €↑
  21. 2006
    Annual accounts 2006-2 M €
  22. 13/06/1989
    IncorporationPublic limited company