ACTIVE

MORCA

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Financial year 2025 · closed on 31/03/2025
Net result
36,8 k €
-45.9% YoY
Gross margin
150,0 k €
-18.7% YoY
Equity
128,6 k €
+40.1% YoY

What does MORCA do?

MORCA is a Private limited company incorporated in 2019. Its main activity is: Painting and glazing. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0727.644.213
Incorporation
29/05/2019
Legal form
Private limited company
Registered office
Cécile Cautermanstraat 32
9040 Gent · FlandreSee on map
Latest accounts
31/03/2025
Activities (NACE)
43341Painting and glazing· main81210General cleaning of buildings81210General cleaning of buildings43910Roofing activities43994Other specialised construction activities n.e.c.
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
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Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232021
Income statement
Gross margin150,0 k €184,6 k €119,9 k €17,1 k €
EBITDA80,8 k €111,1 k €44,2 k €15,5 k €
Operating result54,8 k €91,3 k €37,7 k €15,2 k €
Net result36,8 k €67,9 k €27,0 k €11,2 k €
Balance sheet
Equity128,6 k €91,8 k €23,9 k €11,2 k €
Total assets668,0 k €601,3 k €253,0 k €116,1 k €
Cash52,4 k €40,6 k €40,2 k €2,5 k €
Debts539,4 k €509,5 k €229,2 k €104,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active

Active mandates

Mustafa Morca

Mandate

Active
Ozgur Morca

Mandate

Active
Annual accounts

Full financial information

2025202420232021
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202401/04/202301/04/202229/05/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/2021
Length of the financial year12 months12 months12 months23 months
Filing date10/04/202622/11/202410/11/202301/11/2022
General meeting26/09/202527/09/202429/09/202324/09/2021
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/03/202526/09/202510/04/2026DutchPDF
Micro model31/03/202427/09/202422/11/2024DutchPDF
Micro model31/03/202329/09/202310/11/2023DutchPDF
Micro model31/03/202124/09/202101/11/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/03/2025 · 2 active

Active mandates

Mustafa Morca

Mandate

Active
Ozgur Morca

Mandate

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/03/2024
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/06/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202536,8 k €↓
  2. 2024
    Annual accounts 202467,9 k €↑
  3. 2023
    Annual accounts 202327,0 k €↑
  4. 2021
    Annual accounts 202111,2 k €
  5. 29/05/2019
    IncorporationPrivate limited company