ACTIVE

MorsaCo

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Financial year 2025 · closed on 31/12/2025
Net result
12,8 k €
-8.7% YoY
Gross margin
31,6 k €
+1.4% YoY
Equity
2,9 k €
-87.0% YoY

What does MorsaCo do?

MorsaCo is a Private limited company incorporated in 2022. Its main activity is: Management consultancy activities. Its registered office is in Zaventem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0789.655.719
Incorporation
16/08/2022
Legal form
Private limited company
Registered office
Ikaroslaan 1
1930 Zaventem · FlandreSee on map
Contributed capital
100,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin31,6 k €31,2 k €15,9 k €4,1 k €
EBITDA30,7 k €30,4 k €15,1 k €3,6 k €
Operating result18,6 k €19,5 k €9,4 k €3,6 k €
Net result12,8 k €14 k €5,7 k €2,4 k €
Balance sheet
Equity2,9 k €22,2 k €8,2 k €2,5 k €
Total assets41,5 k €55,3 k €44,2 k €12,5 k €
Cash8,8 k €3,6 k €17,2 k €2,9 k €
Debts38,7 k €33 k €35,9 k €10 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 31/12/2025 · 1 active

Active mandates

Arno Adolf Morsa

Director · since 16 août 2022

Active
At this address

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Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202316/08/2022
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months5 months
Filing date06/07/202628/08/202505/06/202413/07/2023
General meeting30/06/202630/06/202524/05/202413/06/2023
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 model31/12/202530/06/202606/07/2026DutchPDF
Micro model31/12/202430/06/202528/08/2025DutchPDF
Micro model31/12/202324/05/202405/06/2024DutchPDF
Micro model31/12/202213/06/202313/07/2023DutchPDF
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 31/12/2025 · 1 active

Active mandates

Arno Adolf Morsa

Director · since 16 août 2022

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 202512,8 k €↓
  2. 2024
    Annual accounts 202414 k €↑
  3. 2023
    Annual accounts 20235,7 k €↑
  4. 2022
    Annual accounts 20222,4 k €
  5. 16/08/2022
    IncorporationPrivate limited company