ACTIVE

MORINI NETWORK CONSULTING

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Financial year 2025 · closed on 31/12/2025

Net result

346,6 k €

+184.1% YoY

Gross margin

825,7 k €

+65.7% YoY

Equity

713,7 k €

-8.5% YoY

Workforce

3,5 ETP

+29.6% YoY

What does MORINI NETWORK CONSULTING do?

MORINI NETWORK CONSULTING is a Private limited company incorporated in 2006. Its registered office is in Genk. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.507.681

Incorporation

07/07/2006

Legal form

Private limited company

Registered office

Akkerstraat 2
3600 Genk · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

3,5 ETP

Joint committees (5)

14901
200
2000
201
2010

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	825,7 k €	+65.7%	498,4 k €	+8.3%	460 k €	+15.2%	399,3 k €	+11.1%	359,4 k €	-4.6%	376,9 k €	+14.1%	330,3 k €	+7.1%	308,3 k €	+21.9%	252,8 k €	+15.1%	219,8 k €	-5.3%	232 k €	+13.8%	203,8 k €	+45.0%	140,6 k €	+3.0%	136,5 k €	+60.6%	85 k €	+67.4%	50,8 k €	-19.6%	63,2 k €	-46.9%	118,9 k €	+25.3%	94,9 k €
EBITDA	641,8 k €	+104%	315 k €	-8.0%	342,2 k €	+19.8%	285,7 k €	+12.7%	253,5 k €	-11.3%	285,8 k €	+18.0%	242,3 k €	-2.3%	247,9 k €	+23.6%	200,6 k €	+22.1%	164,4 k €	-5.0%	173,1 k €	-8.0%	188,2 k €	+35.7%	138,6 k €	+3.8%	133,6 k €	+63.0%	81,9 k €	+69.2%	48,4 k €	-19.0%	59,8 k €	-40.1%	99,8 k €	+112%	47,1 k €
Operating result	530,9 k €	+153%	210 k €	-24.1%	276,7 k €	+36.6%	202,6 k €	+12.4%	180,3 k €	-16.2%	215,3 k €	+10.8%	194,4 k €	-2.2%	198,7 k €	+32.7%	149,7 k €	+40.8%	106,4 k €	-15.0%	125,1 k €	-17.8%	152,2 k €	+40.0%	108,7 k €	+6.9%	101,7 k €	+101%	50,5 k €	+107%	24,4 k €	-35.4%	37,7 k €	-53.3%	80,6 k €	+121%	36,5 k €
Net result	346,6 k €	+184%	122 k €	-28.1%	169,8 k €	+27.1%	133,6 k €	-23.9%	175,7 k €	+26.7%	138,6 k €	+14.8%	120,8 k €	-2.3%	123,7 k €	+56.9%	78,8 k €	+44.9%	54,4 k €	-4.4%	56,9 k €	-26.4%	77,3 k €	+15.7%	66,8 k €	+11.7%	59,8 k €	+213%	19,1 k €	+194%	6,5 k €	-61.3%	16,8 k €	-67.5%	51,6 k €	+91.0%	27 k €
Balance sheet
Equity	713,7 k €	-8.5%	779,9 k €	+0.2%	778,8 k €	+6.3%	732,7 k €	+8.1%	677,9 k €	+21.8%	556,6 k €	-7.5%	601,5 k €	+7.8%	558 k €	+28.5%	434,4 k €	+22.2%	355,5 k €	+18.1%	301,2 k €	+23.3%	244,3 k €	-3.7%	253,8 k €	+35.8%	186,9 k €	+47.1%	127,1 k €	+17.7%	108 k €	+6.4%	101,5 k €	+19.8%	84,7 k €	+155%	33,2 k €
Total assets	1,8 M €	+5.6%	1,7 M €	-7.7%	1,8 M €	+1.6%	1,8 M €	+23.6%	1,5 M €	-5.8%	1,5 M €	+52.1%	1 M €	+11.0%	911,7 k €	-8.4%	995,4 k €	+21.0%	822,4 k €	+2.8%	799,8 k €	+15.5%	692,2 k €	+20.0%	576,9 k €	+14.2%	505,1 k €	+32.8%	380,3 k €	+11.4%	341,5 k €	+5.7%	323 k €	+16.2%	278 k €	+131%	120,2 k €
Cash	437 k €	+79.5%	243,5 k €	+1286%	17,6 k €	-89.8%	172,9 k €	+109%	82,8 k €	+38.7%	59,7 k €	-3.1%	61,6 k €	+522%	9,9 k €	-97.2%	351,1 k €	+116%	162,6 k €	-17.0%	195,8 k €	+14.4%	171,1 k €	+121%	77,4 k €	-52.2%	161,9 k €	+34.2%	120,7 k €	+35.6%	89 k €	-10.8%	99,7 k €	+185%	35 k €	-25.2%	46,8 k €
Debts	1 M €	+18.2%	883,6 k €	-13.7%	1 M €	-1.7%	1 M €	+38.2%	753,2 k €	-23.2%	981,1 k €	+143%	403 k €	+25.1%	322,2 k €	-42.4%	559,6 k €	+20.2%	465,4 k €	-6.4%	497,2 k €	+11.5%	445,8 k €	+38.6%	321,6 k €	+1.1%	318,2 k €	+25.7%	253,2 k €	+8.5%	233,5 k €	+5.4%	221,5 k €	+14.6%	193,3 k €	+122%	87 k €
Other
Workforce	3,5 ETP	+29.6%	2,7 ETP	+35.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	-10.0%	2,0 ETP	+81.8%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	+66.7%	0,6 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Carlo MORINI

Director

Active

Ended mandates

Carlo Morini

Director · since 13 juillet 2006

Ended

Carlo Morini

Manager · since 13 juillet 2006

Ended

Carlo Morini

Manager · since 07 juillet 2006

Ended

Hilde Vrindts

Associate · since 07 juillet 2006

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/06/2026	06/06/2025	19/06/2024	27/07/2023	09/05/2022	31/05/2021
General meeting	01/06/2026	01/06/2025	01/06/2024	01/06/2023	01/04/2022	02/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	01/06/2025	06/06/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/04/2022	09/05/2022	Dutch	PDF
Abridged model	31/12/2020	02/04/2021	31/05/2021	Dutch	PDF
Abridged model	31/12/2019	03/04/2020	05/05/2020	Dutch	PDF
Abridged model	31/12/2018	05/04/2019	05/06/2019	Dutch	PDF
Abridged model	31/12/2017	06/04/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	07/04/2017	05/05/2017	Dutch	PDF
Abridged model	31/12/2015	01/04/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	03/04/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	05/04/2013	17/09/2013	Dutch	PDF
Abridged model	31/12/2011	06/04/2012	27/11/2012	Dutch	PDF
Abridged model	31/12/2010	01/04/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	02/05/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	03/04/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/04/2008	28/04/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 4 ended

Active mandates

Carlo MORINI

Director

Active

Ended mandates

Carlo Morini

Director · since 13 juillet 2006

Ended

Carlo Morini

Manager · since 13 juillet 2006

Ended

Carlo Morini

Manager · since 07 juillet 2006

Ended

Hilde Vrindts

Associate · since 07 juillet 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Other19/10/2010
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other25/07/2006
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

2025
Annual accounts 2025346,6 k €↑
2024
Annual accounts 2024122 k €↓
2023
Annual accounts 2023169,8 k €↑
2022
Annual accounts 2022133,6 k €↓
2021
Annual accounts 2021175,7 k €↑
2020
Annual accounts 2020138,6 k €↑
2019
Annual accounts 2019120,8 k €↓
2018
Annual accounts 2018123,7 k €↑
2017
Annual accounts 201778,8 k €↑
2016
Annual accounts 201654,4 k €↓
2015
Annual accounts 201556,9 k €↓
2014
Annual accounts 201477,3 k €↑
2013
Annual accounts 201366,8 k €↑
2012
Annual accounts 201259,8 k €↑
2011
Annual accounts 201119,1 k €↑
2010
Annual accounts 20106,5 k €↓
2009
Annual accounts 200916,8 k €↓
2008
Annual accounts 200851,6 k €↑
2007
Annual accounts 200727 k €
07/07/2006
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MORINI NETWORK CONSULTING

Overview

What does MORINI NETWORK CONSULTING do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline