NORMAL SITUATION

MORPHO

Financial year 2025 · closed on 12/11/2025
Net result
-2,7 k €
-165.3% YoY
Gross margin
-9,8 k €
+2.7% YoY
Equity
0,0 €
-100.0% YoY
Workforce
0,0 ETP

Company — Normal situation.

What does MORPHO do?

MORPHO is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0447.941.050
Legal form
Public limited company
Contributed capital
0,00 €
Latest accounts
12/11/2025
Average workforce
0,0 ETP
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-9,8 k €-10,1 k €-8,2 k €-4,4 k €4,2 k €14,2 k €10,9 k €34,8 k €42,1 k €41,5 k €42,7 k €27,7 k €72,3 k €125,6 k €63,8 k €99,7 k €71,4 k €28,4 k €35,0 k €12,7 k €
EBITDA-10,3 k €-10,7 k €-9,4 k €-5,5 k €3,1 k €13,4 k €9,8 k €33,5 k €41,0 k €40,5 k €41,8 k €26,7 k €71,2 k €124,3 k €62,9 k €98,6 k €70,3 k €27,3 k €33,9 k €11,7 k €
Operating result-10,3 k €-10,8 k €-9,5 k €-5,5 k €3,1 k €13,0 k €9,5 k €33,2 k €40,6 k €40,1 k €41,5 k €26,3 k €70,9 k €123,9 k €62,5 k €98,3 k €70,0 k €27,1 k €33,7 k €11,4 k €
Net result-2,7 k €4,2 k €393,6 k €-241,8 k €1,7 k €9,7 k €6,4 k €21,1 k €24,8 k €25,1 k €25,1 k €14,6 k €43,3 k €104,2 k €48,6 k €201,4 k €53,3 k €10,9 k €536,5 k €2,1 k €
Balance sheet
Equity0,0 €786,7 k €782,6 k €433,9 k €1,2 M €1,2 M €1,2 M €1,2 M €1,1 M €1,1 M €1,1 M €1,1 M €1,0 M €998,5 k €974,3 k €965,6 k €956,3 k €943,0 k €932,1 k €489,7 k €
Total assets566,2 k €827,8 k €867,1 k €787,2 k €1,2 M €1,4 M €1,2 M €1,2 M €1,3 M €1,3 M €1,2 M €1,2 M €1,3 M €1,2 M €1,2 M €1,3 M €1,2 M €1,1 M €1,1 M €681,2 k €
Cash558,7 k €52,4 k €194,7 k €303,1 k €4,5 k €1,5 k €4,4 k €7,0 k €476,8 €1,1 k €3,1 k €2,1 k €1,7 k €4,3 k €333,8 €84,8 €219,8 €10,9 €105,9 €
Debts566,2 k €41,0 k €84,5 k €353,2 k €43,6 k €197,2 k €53,6 k €61,1 k €155,1 k €160,5 k €136,8 k €178,7 k €268,2 k €230,9 k €211,4 k €281,4 k €221,1 k €182,5 k €169,7 k €182,1 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP
Governance

Board of directors

Seen on filing of 12/11/2025 · 5 active · 47 ended

Active mandates

AB ADVICES

Director · since 25 juin 2021 · until 12 novembre 2025 · 0835.139.514

Represented by Alain Bosseloir

Active
GHA Consult

Director · since 25 juin 2021 · until 12 novembre 2025 · 0840.531.031

Represented by Guy Havelange

Active
JCHyTECH

Director · since 25 juin 2021 · until 12 novembre 2025 · 0680.640.981

Represented by Jean-Claude Havaux

Active
PH&A

Director · since 25 juin 2021 · until 12 novembre 2025 · 0849.055.549

Represented by Philippe Henrard

Active
SIBELEX

Director · since 25 juin 2021 · until 12 novembre 2025 · 0849.358.922

Represented by Benoît Ligot

Active

Ended mandates

AB ADVICES

Director · since 25 juin 2021 · until 26 juin 2027 · 0835.139.514

Represented by Alain Bosseloir

Ended
AB ADVICES

Director · since 25 juin 2021 · until 26 juin 2027 · 0835.139.514

Represented by Alain BOSSELOIR

Ended
GHA Consult

Director · since 25 juin 2021 · until 26 juin 2027 · 0840.531.031

Represented by Guy Havelange

Ended
GHA Consult

Director · since 25 juin 2021 · until 26 juin 2027 · 0840.531.031

Represented by Guy HAVELANGE

Ended
Annual accounts

Full financial information

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 year12/11/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year11 months12 months12 months12 months12 months12 months
Filing date10/07/202605/08/202530/08/202416/08/202304/08/202228/06/2021
General meeting12/11/202527/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

33 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model12/11/202512/11/202510/07/2026FrenchPDF
Abridged model31/12/202427/06/202505/08/2025FrenchPDF
Abridged model31/12/202328/06/202430/08/2024FrenchPDF
Abridged model31/12/202230/06/202316/08/2023FrenchPDF
Abridged model31/12/202124/06/202204/08/2022FrenchPDF
Abridged model31/12/202025/06/202128/06/2021FrenchPDF
Abridged model31/12/201926/06/202024/07/2020FrenchPDF
Abridged model31/12/201828/06/201916/07/2019FrenchPDF
Abridged model31/12/201729/06/201831/07/2018FrenchPDF
Abridged model31/12/201630/06/201707/07/2017FrenchPDF
Abridged model31/12/201524/06/201628/07/2016FrenchPDF
Abridged model31/12/201426/06/201503/07/2015FrenchPDF
Abridged model31/12/201324/06/201407/08/2014FrenchPDF
Abridged model31/12/201224/06/201324/06/2013FrenchPDF
Abridged model31/12/201129/06/201209/07/2012FrenchPDF
Abridged model31/12/201024/06/201122/07/2011FrenchPDF
Abridged model31/12/200925/06/201028/06/2010FrenchPDF
Abridged model31/12/200826/06/200907/07/2009FrenchPDF
Abridged model31/12/200727/06/200808/07/2008FrenchPDF
Abridged model31/12/200629/06/200702/07/2007FrenchPDF
Abridged model31/12/200530/06/200627/07/2006FrenchPDF
Abridged model31/12/200424/06/200527/06/2005FrenchPDF
Abridged model31/12/200325/06/200406/07/2004FrenchPDF
Abridged model31/12/200227/06/200307/07/2003FrenchPDF

View all 33 filings

Estimate

Indicative valuation

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 12/11/2025 · 5 active · 47 ended

Active mandates

AB ADVICES

Director · since 25 juin 2021 · until 12 novembre 2025 · 0835.139.514

Represented by Alain Bosseloir

Active
GHA Consult

Director · since 25 juin 2021 · until 12 novembre 2025 · 0840.531.031

Represented by Guy Havelange

Active
JCHyTECH

Director · since 25 juin 2021 · until 12 novembre 2025 · 0680.640.981

Represented by Jean-Claude Havaux

Active
PH&A

Director · since 25 juin 2021 · until 12 novembre 2025 · 0849.055.549

Represented by Philippe Henrard

Active
SIBELEX

Director · since 25 juin 2021 · until 12 novembre 2025 · 0849.358.922

Represented by Benoît Ligot

Active

Ended mandates

AB ADVICES

Director · since 25 juin 2021 · until 26 juin 2027 · 0835.139.514

Represented by Alain Bosseloir

Ended
AB ADVICES

Director · since 25 juin 2021 · until 26 juin 2027 · 0835.139.514

Represented by Alain BOSSELOIR

Ended
GHA Consult

Director · since 25 juin 2021 · until 26 juin 2027 · 0840.531.031

Represented by Guy Havelange

Ended
GHA Consult

Director · since 25 juin 2021 · until 26 juin 2027 · 0840.531.031

Represented by Guy HAVELANGE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution19/01/2026
    Mise en Liquidation - clôture de liquidation
    PDF
  • Registered office19/06/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL
    PDF
  • Mandates14/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/12/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/02/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/12/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office21/12/2010
    SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 2025-2,7 k €
  2. 2025
    Name changeMORPHO en liquidation
  3. 2024
    Annual accounts 20244,2 k €
  4. 2023
    Annual accounts 2023393,6 k €
  5. 2022
    Annual accounts 2022-241,8 k €
  6. 2021
    Annual accounts 20211,7 k €
  7. 2021
    Name changeMORPHO
  8. 2020
    Annual accounts 20209,7 k €
  9. 2019
    Annual accounts 20196,4 k €
  10. 2018
    Annual accounts 201821,1 k €
  11. 2017
    Annual accounts 201724,8 k €
  12. 2016
    Annual accounts 201625,1 k €
  13. 2015
    Annual accounts 201525,1 k €
  14. 2014
    Annual accounts 201414,6 k €
  15. 2013
    Annual accounts 201343,3 k €
  16. 2012
    Annual accounts 2012104,2 k €
  17. 2011
    Annual accounts 201148,6 k €
  18. 2010
    Annual accounts 2010201,4 k €
  19. 2009
    Annual accounts 200953,3 k €
  20. 2008
    Annual accounts 200810,9 k €
  21. 2007
    Annual accounts 2007536,5 k €
  22. 2006
    Annual accounts 20062,1 k €