ACTIVE

THE MORE

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Financial year 2025 · closed on 31/12/2025
Net result
276,4 k €
+257.5% YoY
Gross margin
373,9 k €
+66.3% YoY
Equity
175,1 k €
+3.8% YoY
Workforce
1,7 ETP
0.0% YoY

What does THE MORE do?

THE MORE is a Private limited company incorporated in 2020. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Pelt. It employs on average 1,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0746.798.545
Incorporation
11/05/2020
Legal form
Private limited company
Registered office
Kloosterstraat 27
3910 Pelt · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
1,7 ETP
Activities (NACE)
47742Retail sale of medical and orthopaedic goods in specialised stores· main47782Other retail sale of new goods in specialised stores
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin373,9 k €224,8 k €238,4 k €189,8 k €442,6 k €
EBITDA320,5 k €148,7 k €162,9 k €109,8 k €355 k €
Operating result260,1 k €78,1 k €92,3 k €43,9 k €241,4 k €
Net result276,4 k €77,3 k €78,9 k €32,1 k €200,4 k €
Balance sheet
Equity175,1 k €168,7 k €166,4 k €162,5 k €150,4 k €
Total assets633,2 k €600,8 k €666 k €810,3 k €934,5 k €
Cash185,3 k €136 k €102,7 k €167,8 k €232,2 k €
Debts458,1 k €432,1 k €483,3 k €630,1 k €784,1 k €
Other
Workforce1,7 ETP1,7 ETP1,8 ETP1,5 ETP1,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

SPECULA

Director · since 01 janvier 2022 · 0777.707.297

Represented by Inge Theuwis

Active
OPTIEK MOREAU

Director · since 01 mai 2020 · 0471.993.882

Represented by Lizzy Moreau

Active

Ended mandates

Inge Theuwis

Director · since 11 mai 2020

Ended
Lizzy Moreau

Director · since 11 mai 2020

Ended
Inge Theuwis

Director

Ended
Lizzy Moreau

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
OPTIEK MOREAU● Active
0471.993.882
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202211/05/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months20 months
Filing date24/06/202617/06/202512/06/202412/06/202322/06/2022
General meeting10/06/202610/06/202510/06/202410/06/202310/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/06/202624/06/2026DutchPDF
Abridged model31/12/202410/06/202517/06/2025DutchPDF
Abridged model31/12/202310/06/202412/06/2024DutchPDF
Abridged model31/12/202210/06/202312/06/2023DutchPDF
Abridged model31/12/202110/06/202222/06/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 6 ended

Active mandates

SPECULA

Director · since 01 janvier 2022 · 0777.707.297

Represented by Inge Theuwis

Active
OPTIEK MOREAU

Director · since 01 mai 2020 · 0471.993.882

Represented by Lizzy Moreau

Active

Ended mandates

Inge Theuwis

Director · since 11 mai 2020

Ended
Lizzy Moreau

Director · since 11 mai 2020

Ended
Inge Theuwis

Director

Ended
Lizzy Moreau

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/05/2020
    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 2025276,4 k €↑
  2. 2024
    Annual accounts 202477,3 k €↓
  3. 2023
    Annual accounts 202378,9 k €↑
  4. 2022
    Annual accounts 202232,1 k €↓
  5. 2021
    Annual accounts 2021200,4 k €
  6. 11/05/2020
    IncorporationPrivate limited company