NORMAL SITUATION

De Morgenster

Financial year 2022 · closed on 31/12/2022
Net result
186,4 k €
+4803.4% YoY
Gross margin
44,4 k €
-52.2% YoY
Equity
772,3 k €
+527.0% YoY
Workforce
0,4 ETP
-60.0% YoY

Company — Normal situation.

What does De Morgenster do?

De Morgenster is a company registered in Belgium. It employs on average 0,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0833.781.910
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
31/12/2022
Average workforce
0,4 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2022201920182017
Income statement
Gross margin44,4 k €92,8 k €163,1 k €82,4 k €
EBITDA6,2 k €45,6 k €115,4 k €68,3 k €
Operating result5,5 k €27,6 k €96,7 k €40,7 k €
Net result186,4 k €3,8 k €55,1 k €20,4 k €
Balance sheet
Equity772,3 k €123,2 k €119,4 k €64,3 k €
Total assets973,6 k €1,1 M €979 k €186,5 k €
Cash2,6 k €3,4 k €12,8 k €
Debts201,3 k €954,3 k €859,6 k €122,2 k €
Other
Workforce0,4 ETP1,0 ETP1,0 ETP0,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 1 ended

Active mandates

Jan Huybrechts

Director · since 03 février 2011

Active
AROUND II

Director · 0774.572.714

Represented by Laurent De Pauw

Active
On IT

Director · 0776.511.229

Represented by Lathouwers Pieter

Active

Ended mandates

Jan Huybrechts

Manager · since 03 février 2011

Ended
Annual accounts

Full financial information

202220212020201920182017
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202101/04/202001/04/201901/04/201801/04/201701/10/2015
Closing of the financial year31/12/202231/03/202131/03/202031/03/201931/03/201831/03/2017
Length of the financial year21 months12 months12 months12 months12 months18 months
Filing date30/06/202304/10/202117/11/202029/10/201927/10/201827/10/2017
General meeting01/06/202330/09/202124/09/202026/09/201927/09/201828/09/2017
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
Abridged model31/12/202201/06/202330/06/2023DutchPDF
Abridged model31/03/202130/09/202104/10/2021DutchPDF
Abridged model31/03/202024/09/202017/11/2020DutchPDF
Abridged model31/03/201926/09/201929/10/2019DutchPDF
Abridged model31/03/201827/09/201827/10/2018DutchPDF
Abridged model31/03/201728/09/201727/10/2017DutchPDF
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 31/12/2022 · 3 active · 1 ended

Active mandates

Jan Huybrechts

Director · since 03 février 2011

Active
AROUND II

Director · 0774.572.714

Represented by Laurent De Pauw

Active
On IT

Director · 0776.511.229

Represented by Lathouwers Pieter

Active

Ended mandates

Jan Huybrechts

Manager · since 03 février 2011

Ended
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. 2022
    Annual accounts 2022186,4 k €
  2. 2019
    Annual accounts 20193,8 k €
  3. 2018
    Annual accounts 201855,1 k €
  4. 2017
    Annual accounts 201720,4 k €