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Generated 04-09-2026
Active BE 0452.910.024Public limited company

De Markgraaf

Kastanjedreef (Dp) 59 ·2920 Kalmthout, Belgium· 32 yrs active
Sector: Renting and operating of own or leased residential real estate, excluding social housing (68201)
Conclusion Checked

De Markgraaf has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-7.80M) and a net result of €-304k. Its solvency ranks better than 5% of 1710 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-7.80M
Net result €-304k
Better than sector 5%
Active 32 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health8Profitability19Solvency33Growth58Stability100
44 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 8
Profitability 19
Solvency 33
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1994, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2024 · computed
8 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
10 2023
8 2024
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 0.01 (< 1.0) -10
Quick ratio Quick ratio 0.01 (< 0.6) -5
Equity Negative equity -25
Profitability ROE 4% +3
Interest coverage Interest coverage 1.5× (< 1.5×) -10
Profit trend Net profit up YoY +5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview30 NBB filings
Annual accounts filed on 11-09-2025 with the NBB · fiscal year 2024 · abbreviated schema
€-1.00M€-750k€-500k€-250k€0Operating result 2023: €-574k€-574kNet result 2023: €-870k€-870kOperating result 2024: €-50k€-50kNet result 2024: €-304k€-304k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -76.5% 14.4%
better than 5% of 1710 sector peers
Net result €-304k €-66
better than 8% of 1706 sector peers
Equity €-7.80M €109k
better than 5% of 1710 sector peers
Gross operating margin €407k €52k
better than 84% of 1707 sector peers
Employees (FTE) 0.0 0.0
better than 30% of 502 sector peers
EBITDA
€376k
- 23-24
Net profit
€-304k
+65.1% 23-24
Cash flow
€122k
- 23-24
Total assets
€10.20M
-6.9% 23-24
Equity
€-7.80M
-4.1% 23-24
Working capital
€-11.20M
+0.2% 23-24
Employees (FTE)
0
- 23-24
Debt
€18.00M
-2.4% 23-24
Debt ≤ 1y
€11.29M
-3.8% 23-24
Debt > 1y
€6.71M
0.0% 23-24
Current ratio
0.01
-82.2% 23-24
Quick ratio
0.01
-82.2% 23-24
Solvency
-76.5%
-11.7% 23-24
Debt / equity
-2.31
+6.2% 23-24
ROE
3.9%
-66.4% 23-24
ROA
-3.0%
+62.5% 23-24
Interest coverage
1.48
- 23-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
Fiscal year2024 Δ2023 Δ
Depositabbreviated schemaabbreviated schema
Revenue--
EBITDA--
Net profit+65.1%-
Cash flow--
Staff costs--
Income taxes--
Dividends--
Total assets-6.9%-
Equity-4.1%-
Debt-2.4%-
of which ≤ 1y-3.8%-
of which > 1y0.0%-
Working capital+0.2%-
Employees (FTE)--
Ratios (computed)
20242023
Current ratio0.010.04
Quick ratio0.010.04
Working capital ratio-109.8%-102.4%
Solvency-76.5%-68.4%
Debt / equity-2.31-2.46
Long-term debt ratio-0.86-0.89
Interest coverage1.48-0.50
Gross margin--
Net margin--
ROA-3.0%-7.9%
ROE3.9%11.6%
EBITDA margin--
Days sales outstanding--
Days payable outstanding--
Inventory turnover--
Days inventory (DSI)--
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code20242023
Balance sheet, Assets
TOTAL ASSETS 20/58€10.20M€10.95M
Fixed assets 21/28€10.11M€10.43M
Tangible fixed assets 22/27€10.06M€10.38M
Financial fixed assets 28€50k€50k
Current assets 29/58€89k€521k
Amounts receivable within one year 40/41€82k€514k
Cash & bank 54/58€780€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€10.20M€10.95M
Equity 10/15€-7.80M€-7.49M
Contributions / capital 10/11€3.72M€3.72M
Accumulated profits (losses) 14€-11.52M€-11.21M
Amounts payable 17/49€18.00M€18.45M
Amounts payable after one year 17€6.71M€6.71M
Amounts payable within one year 42/48€11.29M€11.74M
Trade debts payable within one year 44€127k€193k
Income statement
Gross operating margin 9900€407k€-103k
Operating result 9901€-50k€-574k
Financial income 75€9€123
Financial charges 65€254k€296k
Result before taxes 9903€-304k€-870k
Net result for the period 9904€-304k€-870k
Result to be appropriated 9905€-304k€-870k
Directors & mandates 3 directors
Current directors & mandates
  • vAN dE WALL Nick
    Director
    State Gazette act 20123487 (20-10-2020)
    Current
    20-10-2020 → present
  • Deborah van de Wall
    Director
    State Gazette act 21082573 (09-07-2021)
    Current
    01-07-2020 → present
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • RIJSDIJK Jan Anton
    Manager
    State Gazette act 15118694 (17-08-2015)
    Not recently confirmed
    last confirmed in an act from 2015
Legal Structure
NACE primary Renting and operating of own or leased residential real estate, excluding social housing(68201)
Legal form Public limited company(014)
Incorporation24-06-1994
StatusActive
Postal code2920
Establishment units 1 location
DE MARKGRAAF
Kastanjedreef (Dp) 65, 2920 KalmthoutNACE 02011
since 19942.067.769.190
Real-estate footprint Source: CBE × cadastre
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11022G0916/00G000 Flanders 7.3 ha 1 · 752 m² -
11022G0916/00M000 Flanders 456 m² 1 · 456 m² 13.2 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 18 events
2025
23-12
State Gazette act Director changes
v3.2
11-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
04-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
12-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 73 days late
2022
07-11
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 99 days late
27-01
State Gazette act Director changes
v3.2
2021
14-12
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 136 days late
09-07
State Gazette act Director changes
v3.2
2020
26-11
State Gazette act Director changes
v3.2
20-10
State Gazette act Director changes
v3.2
05-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
08-03
State Gazette act Statutes amendment
v3.2
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
17-08
State Gazette act Statutes amendment
v3.2
23-03
State Gazette act Registered-office change
v3.2
State Gazette actNBB filing
Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 8 acts
Address history · 1
23-03-2015
v3.2
All acts · 8 updated 8 months ago
2025
23-12-2025 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "NV"
  }
}
2022
27-01-2022 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "NV"
  }
}
2021
09-07-2021 Deborah van de Wall appointed as director Director changes
  • Deborah van de Wall, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Deborah van de Wall",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2020-07-01",
      "evidence_quote": "Met eenparigheid van stemmen wordt benoemd tot bijkomende bestuurder van de vennootschap met ingang van 1 juli 2020 voor een periode van zes jaar: Mevrouw Deborah van de Wall"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "NV"
  }
}
2020
26-11-2020 Deborah van de Wall appointed as director Director changes
  • Deborah van de Wall, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Deborah van de Wall",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2020-07-01",
      "evidence_quote": "Met eenparigheid van stemmen wordt benoemd tot bijkomende bestuurder van de vennootschap met ingang van 1 juli 2020 voor een periode van zes jaar: Mevrouw Deborah van de Wall"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "NV"
  }
}
20-10-2020 1 director appointed, 1 resigning Director changes
  • vAN dE WALL Nick, Bestuurder
  • RIJSDIJK Jan Anton, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "RIJSDIJK Jan Anton",
        "address": null,
        "birth_date": null
      },
      "via_org": {
        "kbo": "0452902403",
        "name": "DE MARKGRAAF",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "evidence_quote": "De algemene vergadering besloot de huidige statutaire zaakvoerder, hierna vermeld, ontslag te geven uit haar functie overeenkomstig de statuten: de besloten vennootschap DE MARKGRAAF, met maatschappelijke zetel te 2920 Kalmthout, Kastanjedreef 59, ondernemingsnummer 0452.902.403, benoemd tot statuta",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "vAN dE WALL Nick",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Werd benoemid tot niet-statutaire bestuurder voor onbepaalde tijd: de heer vAN dE WALL Nick, wonende Dubai (Verenigde Arabische Emiraten), Jumeirah golf Estates, Limetree Valley, villa A17."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "Comm"
  }
}
2018
08-03-2018 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2018-03-08",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "Comm"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2015
17-08-2015 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": true,
    "effective_date": "2015-05-13",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "Comm"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
23-03-2015 Registered office moved within Kalmthout Registered-office change
  • Kastanjedreef 65, 2920 Kalmthout → Kastanjedreef 59, 2920 Kalmthout
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Kalmthout",
        "region": null,
        "street": "Kastanjedreef",
        "country": "BE",
        "postcode": "2920",
        "box_number": null,
        "street_number": "59"
      },
      "old_address": {
        "city": "Kalmthout",
        "region": null,
        "street": "Kastanjedreef",
        "country": "BE",
        "postcode": "2920",
        "box_number": null,
        "street_number": "65"
      },
      "effective_date": "2015-02-19",
      "evidence_quote": "De zaakvoerder heeft beslist om met ingang vanaf heden de maatschappelijke zetel van de cva De Markgraaf over te brengen van Kastanjedreef 65 te 2920 Kalmthout naar Kastanjedreef 59 te 2920 Kalmthout."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0452.910.024",
    "name_full": "DE MARKGRAAF",
    "legal_form": "Comm"
  }
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Renting and operating of own or leased residential real estate, excluding social housing68201Agents and managers of artists, athletes and other public figures74991Forestry and logging02100Operation of sports facilities93110
Names & trade names
Legal nameNL De Markgraaf
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative