ACTIVE

MORLITERM

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Financial year 2025 · closed on 31/12/2025
Net result
362,9 k €
+19.5% YoY
Gross margin
1,7 M €
+3.0% YoY
Equity
1,2 M €
+41.9% YoY
Workforce
15,8 ETP
-1.2% YoY

What does MORLITERM do?

MORLITERM is a Private limited company incorporated in 2006. Its main activity is: Electrical installation. Its registered office is in Veurne. It employs on average 15,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0885.889.320
Incorporation
22/12/2006
Legal form
Private limited company
Registered office
Slableedstraat 3
8630 Veurne · FlandreSee on map
Contributed capital
6 179,59 €
Latest accounts
31/12/2025
Average workforce
15,8 ETP
Activities (NACE)
43211Electrical installation· main43211Electrical installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation45310Wholesale trade of motor vehicle parts and accessories45331Sale of motor vehicle parts and accessories+3
Joint committees (3)
  • 124
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive 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

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin1,7 M €1,7 M €2 M €1,5 M €1,3 M €1,1 M €1,1 M €748,9 k €455,9 k €493,9 k €483 k €513,4 k €555,6 k €476,5 k €582,1 k €543,8 k €443,2 k €326,5 k €289,3 k €
EBITDA561,1 k €509,9 k €806,6 k €397,7 k €390,6 k €385,9 k €407,4 k €265,3 k €74,9 k €117,7 k €90,3 k €96,9 k €126,5 k €109,6 k €213,4 k €204,7 k €120,8 k €88,1 k €70,1 k €
Operating result491,1 k €409,5 k €713,9 k €316,4 k €298,4 k €306,9 k €323,7 k €177,7 k €15,8 k €56,7 k €33,6 k €28,1 k €11,1 k €45 k €140,1 k €129,1 k €56,6 k €55,2 k €30,1 k €
Net result362,9 k €303,8 k €523,3 k €210,8 k €203 k €213,3 k €208,9 k €131,8 k €7,8 k €35,8 k €20,5 k €9,9 k €3,5 k €26,9 k €86,9 k €69,7 k €31,2 k €35,1 k €17,4 k €
Balance sheet
Equity1,2 M €864,2 k €1,8 M €1,3 M €1,1 M €882,1 k €669,7 k €490,7 k €359,8 k €352 k €316,2 k €295,7 k €285,8 k €282,4 k €255,5 k €168,5 k €98,8 k €67,5 k €32,4 k €
Total assets1,4 M €1,2 M €2,4 M €2 M €1,7 M €1,5 M €1,3 M €1,1 M €947,8 k €917,6 k €1,1 M €1,2 M €984,2 k €486,5 k €567,1 k €609,6 k €438,7 k €289,6 k €267,2 k €
Cash358,5 k €246,1 k €714,8 k €349,8 k €436,2 k €428,1 k €253,1 k €58,6 k €27,5 k €20,9 k €44 k €28,7 k €27,8 k €97,2 k €124,8 k €181,9 k €25,9 k €25,9 k €22,5 k €
Debts164,1 k €328,4 k €595,8 k €681,9 k €625,4 k €605,9 k €601,1 k €630,4 k €585,8 k €564,3 k €747,4 k €903,8 k €677,9 k €202,9 k €271,9 k €320,9 k €339,2 k €221,5 k €234,6 k €
Other
Workforce15,8 ETP16,0 ETP19,1 ETP18,4 ETP15,9 ETP12,6 ETP12,3 ETP9,5 ETP7,1 ETP7,2 ETP7,8 ETP8,3 ETP9,1 ETP8,2 ETP9,2 ETP8,0 ETP7,9 ETP6,0 ETP3,9 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 · 2 active · 1 ended

Active mandates

ANNELIES VANHOUCKE

Director · since 29 novembre 2023

Active
RIK MORLION

Director · since 18 décembre 2006

Active

Ended mandates

RIK MORLION

Manager · since 18 décembre 2006

Ended
At this address

Other companies at this address

CompanyCBE no.
Groep Morlivan● Active
1026.345.716
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202629/08/202525/06/202426/06/202324/06/202213/07/2021
General meeting05/06/202626/07/202507/06/202402/06/202303/06/202225/06/2021
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202629/06/2026DutchPDF
Abridged model31/12/202426/07/202529/08/2025DutchPDF
Abridged model31/12/202307/06/202425/06/2024DutchPDF
Abridged model31/12/202202/06/202326/06/2023DutchPDF
Abridged model31/12/202103/06/202224/06/2022DutchPDF
Abridged model31/12/202025/06/202113/07/2021DutchPDF
Abridged model31/12/201905/06/202022/06/2020DutchPDF
Abridged model31/12/201807/06/201930/07/2019DutchPDF
Abridged model31/12/201701/06/201813/07/2018DutchPDF
Abridged model31/12/201602/06/201723/06/2017DutchPDF
Abridged model31/12/201503/06/201620/07/2016DutchPDF
Abridged model31/12/201405/06/201513/07/2015DutchPDF
Abridged model31/12/201306/06/201409/07/2014DutchPDF
Abridged model31/12/201207/06/201303/07/2013DutchPDF
Abridged model31/12/201101/06/201216/07/2012DutchPDF
Abridged model31/12/201003/06/201111/07/2011DutchPDF
Abridged model31/12/200904/06/201012/07/2010DutchPDF
Abridged model31/12/200805/06/200926/06/2009DutchPDF
Abridged model31/12/200706/06/200828/07/2008DutchPDF
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 · 2 active · 1 ended

Active mandates

ANNELIES VANHOUCKE

Director · since 29 novembre 2023

Active
RIK MORLION

Director · since 18 décembre 2006

Active

Ended mandates

RIK MORLION

Manager · since 18 décembre 2006

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring06/08/2025
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/02/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates15/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/06/2020
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/10/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other09/02/2007
    DIVERSEN
    PDF
  • Other04/01/2007
    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 2025362,9 k €↑
  2. 2024
    Annual accounts 2024303,8 k €↓
  3. 2023
    Annual accounts 2023523,3 k €↑
  4. 2022
    Annual accounts 2022210,8 k €↑
  5. 2021
    Annual accounts 2021203 k €↓
  6. 2020
    Annual accounts 2020213,3 k €↑
  7. 2019
    Annual accounts 2019208,9 k €↑
  8. 2018
    Annual accounts 2018131,8 k €↑
  9. 2017
    Annual accounts 20177,8 k €↓
  10. 2016
    Annual accounts 201635,8 k €↑
  11. 2015
    Annual accounts 201520,5 k €↑
  12. 2014
    Annual accounts 20149,9 k €↑
  13. 2013
    Annual accounts 20133,5 k €↓
  14. 2012
    Annual accounts 201226,9 k €↓
  15. 2011
    Annual accounts 201186,9 k €↑
  16. 2010
    Annual accounts 201069,7 k €↑
  17. 2009
    Annual accounts 200931,2 k €↓
  18. 2008
    Annual accounts 200835,1 k €↑
  19. 2007
    Annual accounts 200717,4 k €
  20. 22/12/2006
    IncorporationPrivate limited company