ACTIVE

MORGENROOD

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Financial year 2025 · closed on 30/09/2025
Net result
61,1 k €
+38.5% YoY
Gross margin
84,1 k €
+36.8% YoY
Equity
7,4 k €
-31.3% YoY

What does MORGENROOD do?

MORGENROOD is a Private limited company incorporated in 2020. Its main activity is: Other information technology and computer service activities. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0744.397.596
Incorporation
24/02/2020
Legal form
Private limited company
Registered office
Tervuursevest 21 box 2002
3001 Leuven · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
62090Other information technology and computer service activities· main62900Computer programming, consultancy and related activities62020Computer consultancy activities62200Computer programming, consultancy and related activities70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin84,1 k €61,5 k €44,4 k €25,7 k €14,8 k €9,3 k €
EBITDA83,4 k €60,8 k €43,6 k €25,2 k €14,4 k €8,8 k €
Operating result82 k €59,4 k €42,2 k €24,4 k €14,4 k €8,8 k €
Net result61,1 k €44,1 k €33 k €19,6 k €11,2 k €6,9 k €
Balance sheet
Equity7,4 k €10,8 k €45,7 k €38,7 k €19,1 k €7,9 k €
Total assets82,6 k €65,7 k €68,6 k €71 k €42,3 k €27,8 k €
Cash67,6 k €50,7 k €52,5 k €54,3 k €33,2 k €18,7 k €
Debts75,2 k €54,9 k €22,9 k €32,3 k €23,2 k €19,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Maarten Vanhaverbeeke

Director

Active
At this address

Other companies at this address

CompanyCBE no.
Codific● Active
0840.252.107
Erven & Wonen● Active
0789.680.760
MH Caredent● Active
0736.758.451
PHARMADVICE● Active
0896.586.737
YVI NAILS, HAIR & WELLNESS● Liquidation
0824.532.464
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202024/02/2020
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months8 months
Filing date27/04/202607/04/202526/04/202419/04/202329/04/202231/03/2021
General meeting14/12/202528/03/202529/03/202431/03/202325/03/202226/03/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202514/12/202527/04/2026DutchPDF
Micro model30/09/202428/03/202507/04/2025DutchPDF
Micro model30/09/202329/03/202426/04/2024DutchPDF
Micro model30/09/202231/03/202319/04/2023DutchPDF
Micro model30/09/202125/03/202229/04/2022DutchPDF
Micro model30/09/202026/03/202131/03/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active

Active mandates

Maarten Vanhaverbeeke

Director

Active
Shareholders

Ownership and network

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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 202561,1 k €↑
  2. 2024
    Annual accounts 202444,1 k €↑
  3. 2023
    Annual accounts 202333 k €↑
  4. 2022
    Annual accounts 202219,6 k €↑
  5. 2021
    Annual accounts 202111,2 k €↑
  6. 2020
    Annual accounts 20206,9 k €
  7. 24/02/2020
    IncorporationPrivate limited company