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De Markgrave

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Non-profit associationfounded 1959active for 66 yearsMarkgravelei 20-22, 2018 Antwerpen, BelgiumKBO/BCE: BE 0409.714.637
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Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 15-07-2026 at the NBB all 20 filings

Turnover
€602,676▲ 8.7%
2024 · €554,205
EBIT margin
49.6%▲ 8.4pp
2024 · 41.3%
Net result
€373,472▲ 29.2%
2024 · €289,144
Working capital
€5.8m▲ 6.8%
2024 · €5.4m
In the rankings #10 oldest company in Antwerp, Health and social work sector
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€602,676
▲ 8.7% 2025
20182025
Operating result
€299,192
▲ 30.8% 2025
20182025
Net result
€373,472
▲ 29.2% 2025
middle half of the sector
20182025
EBIT margin
49.6%
▲ 8.4pp 2025
20182025
Equity
€6.9m
▲ 4.7% 2025
middle half of the sector
20182025
Total assets
€8.3m
▲ 3.0% 2025
middle half of the sector
20182025
Debt
€1.1m
▼ 3.8% 2025
20182025
Working capital
€5.8m
▲ 6.8% 2025
highest quarter of the sector
20182025
Solvency
82.9%
▲ 1.3pp 2025
highest quarter of the sector
20182025
Current ratio
6.76
▲ 0.46 2025
highest quarter of the sector
20182025
Return on assets (ROA)
4.5%
▲ 0.9pp 2025
highest quarter of the sector
20182025
Staff (FTE)
63.4
▲ 1.4% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€1.0m-€1.0m▲ 2.5%€1.0m▲ 4.1%€1.1m▲ 6.1%€0.6m▼ 49.0%€0.6m▲ 2.1%€0.6m▼ 3.4%€0.6m▲ 8.7%
Operating result€0.1m--€0.2m€0.3m€0.6m▲ 73.7%€0.3m▼ 54.5%€0.3m▼ 5.8%€0.2m▼ 9.0%€0.3m▲ 30.8%
Net result€0.4m--€0.2m€0.3mwithin the sector's middle half€0.7mabove the sector's middle half▲ 122%€0.2mwithin the sector's middle half▼ 66.0%€0.3mwithin the sector's middle half▲ 40.6%€0.3mwithin the sector's middle half▼ 12.3%€0.4mwithin the sector's middle half▲ 29.2%
EBIT margin14.9%--24.8%▼ 39.7pp32.5%▲ 57.3pp53.3%▲ 20.7pp47.5%▼ 5.7pp43.8%▼ 3.7pp41.3%▼ 2.6pp49.6%▲ 8.4pp
Equity€4.7m-€4.6m▼ 3.0%€4.8mwithin the sector's middle half▲ 5.3%€5.4mwithin the sector's middle half▲ 13.0%€6.1mwithin the sector's middle half▲ 11.9%€6.4mwithin the sector's middle half▲ 4.9%€6.6mwithin the sector's middle half▲ 3.3%€6.9mwithin the sector's middle half▲ 4.7%
Total assets€6.2m-€6.0m▼ 3.8%€6.1mwithin the sector's middle half▲ 1.4%€6.8mwithin the sector's middle half▲ 11.8%€7.6mwithin the sector's middle half▲ 12.7%€7.8mwithin the sector's middle half▲ 2.2%€8.1mwithin the sector's middle half▲ 3.3%€8.3mwithin the sector's middle half▲ 3.0%
Debt€1.4m-€1.2m▼ 9.8%€1.0m▼ 16.4%€1.1m▲ 4.4%€1.3m▲ 18.4%€1.1m▼ 14.8%€1.2m▲ 6.5%€1.1m▼ 3.8%
Working capital€2.7m-€2.6m▼ 3.8%€3.1mabove the sector's middle half▲ 17.1%€3.9mabove the sector's middle half▲ 28.6%€4.7mabove the sector's middle half▲ 19.4%€5.1mabove the sector's middle half▲ 8.6%€5.4mabove the sector's middle half▲ 5.5%€5.8mabove the sector's middle half▲ 6.8%
Solvency75.5%-76.2%▲ 0.7pp79.2%above the sector's middle half▲ 3.0pp80.1%above the sector's middle half▲ 0.9pp79.5%above the sector's middle half▼ 0.6pp81.5%above the sector's middle half▲ 2.1pp81.6%above the sector's middle half=82.9%above the sector's middle half▲ 1.3pp
Current ratio3.39-3.57▲ 0.184.68above the sector's middle half▲ 1.115.67above the sector's middle half▲ 0.995.51above the sector's middle half▼ 0.176.65above the sector's middle half▲ 1.146.30above the sector's middle half▼ 0.356.76above the sector's middle half▲ 0.46
Return on assets (ROA)6.6%--2.9%▼ 9.5pp5.1%above the sector's middle half▲ 8.0pp10.2%above the sector's middle half▲ 5.1pp3.1%within the sector's middle half▼ 7.1pp4.2%within the sector's middle half▲ 1.2pp3.6%within the sector's middle half▼ 0.6pp4.5%above the sector's middle half▲ 0.9pp
Staff (FTE)65.4-66.8▲ 2.1%64.7within the sector's middle half▼ 3.1%61within the sector's middle half▼ 5.7%61.9within the sector's middle half▲ 1.5%63.4within the sector's middle half▲ 2.4%62.5within the sector's middle half▼ 1.4%63.4within the sector's middle half▲ 1.4%
above within below The sector band is the middle half of the companies in Residential care activities (NACE 87). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 31% higher than in 2024. It is a recovery after the fall in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.3m
Fixed assets €1.5m ▼ 6.6%
Current assets €6.8m ▲ 5.4%
Equity and liabilities €8.3m
Equity €6.9m ▲ 4.7%
Provisions €312,262 ▼ 7.1%
Debt €1.1m ▼ 3.8%
Debt's share of the balance-sheet total falls from 14.3% to 13.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€514,549▲
2024 · €444,059
Cash flow
€588,829▲
2024 · €504,404
Debt to equity
0.16▼
2024 · 0.18
ROE
5.4%▲
2024 · 4.4%
Interest coverage
44.19▲
2024 · 36.68
Debt ≤ 1 year
€1.0m▼
2024 · €1.0m
Debt > 1 year
€102,826▼
2024 · €120,789
Customer credit
96 days▲
2024 · 88 days
Supplier credit
112 days▲
2024 · 93 days
Staff costs
€4.9m▲
2024 · €4.8m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date7784817780
full-time2123202124
part-time5661615656
in full-time equivalents60.865.563.161.463.4
Average over the year, in full-time equivalents6161.963.462.563.4
On a permanent contract6568697376
Joined1125311316
Left1518341713
Training hours-4709631,5211,012

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€169,031€169,031€1,563€1,803-
Mortgages, amount registered€210,500€210,500€210,500€210,500€210,500
Carrying value of the mortgaged assets€278,575€278,575€278,575€278,575€278,575
Carrying value of the other pledged assets€250,000€250,000€250,000€250,000€250,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€51,815€105,353€121,859€73,321€113,712
Depreciation and write-downs of the year€228,177€203,868€219,138€215,260€215,357

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€13,498€14,240€10,739€11,105€12,312

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2025 · 55 entries · €8.8m awarded · €8.8m paid
Year Entries AwardedPaid
2025 13 €1.9m€1.9m
2024 12 €1.4m€1.5m
2023 15 €1.2m€1.3m
2022 15 €4.3m€4.2m
Schemes
4 entries · €6.4m · €6.4m paid · VLAAMS AGENTSCHAP VOOR PERSONEN MET EEN HANDICAP
3 entries · €712,782 · €712,782 paid · AGENTSCHAP VLAAMSE SOCIALE BESCHERMING
4 entries · €129,571 · €129,906 paid · VLAAMS AGENTSCHAP VOOR PERSONEN MET EEN HANDICAP
2 entries · €100,000 · €91,667 paid · Departement Zorg
4 entries · €69,812 · €69,812 paid · Departement Werk en Sociale Economie
Show 15 more
5 entries · €42,170 · €42,170 paid · VLAAMS AGENTSCHAP VOOR PERSONEN MET EEN HANDICAP
3 entries · €28,000 · €28,000 paid · Departement Zorg
2 entries · €18,307 · €18,307 paid · Departement Werk en Sociale Economie
2 entries · €18,146 · €18,146 paid · Agentschap Zorg en Gezondheid
4 entries · €9,715 · €9,715 paid · Opgroeien regie
3 entries · €8,500 · €8,500 paid · Departement Werk en Sociale Economie
1 entry · €6,268 · €6,268 paid · VLAAMS AGENTSCHAP VOOR PERSONEN MET EEN HANDICAP
1 entry · €5,179 · Agentschap voor Onderwijsdiensten
1 entry · €5,040 · €5,040 paid · Agentschap Zorg en Gezondheid
2 entries · €3,602 · €3,602 paid · Departement Werk en Sociale Economie
3 entries · €2,879 · €2,879 paid · Departement Zorg
1 entry · €1,912 · €1,912 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
1 entry · €1,912 · €1,912 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
4 entries · €1,884 · €1,884 paid · Departement Werk en Sociale Economie
1 entry · €1,385 · €1,385 paid · Fonds Jongerenwelzijn
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet Code20242025
Assets
Total assets20/58€8.1m€8.3m▲
Fixed assets21/28€1.6m€1.5m▼
Tangible fixed assets22/27€1.6m€1.5m▼
Land and buildings22€1.4m€1.2m▼
Plant, machinery and equipment23€0.2m€0.2m▼
Furniture and vehicles24€0.04m€0.08m▲
Other tangible fixed assets26€0.05m€0.04m▼
Assets under construction and advance payments27€0.002m-
Financial fixed assets28€0.01m€0.01m▲
Other financial fixed assets284/8€0.01m€0.01m▲
Amounts receivable and cash guarantees285/8€0.01m€0.01m▲
Current assets29/58€6.4m€6.8m▲
Amounts receivable within one year40/41€0.4m€0.4m▲
Trade receivables40€0.1m€0.2m▲
Other amounts receivable41€0.3m€0.2m▼
Current investments50/53€5.3m€4.2m▼
Cash at bank and in hand54/58€0.7m€2.1m▲
Deferred charges and accrued income490/1€0.008m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€8.1m€8.3m▲
Equity10/15€6.6m€6.9m▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Reserves13€2.6m€2.6m▲
Profit (loss) carried forward14€2.2m€2.6m▲
Investment grants15€0.7m€0.6m▼
Provisions and deferred taxes16€0.3m€0.3m▼
Provisions for liabilities and charges160/5€0.3m€0.3m▼
Major repairs and maintenance162€0.3m€0.3m▼
Amounts payable17/49€1.2m€1.1m▼
Amounts payable after more than one year17€0.1m€0.1m▼
Financial debts170/4€0.1m€0.1m▼
Credit institutions173€0.1m€0.1m▼
Other amounts payable178/9€0.002m€0.002m▲
Amounts payable within one year42/48€1.0m€1.0m▼
Current portion of amounts payable after more than one year42€0.02m€0.02m▲
Trade debts44€0.05m€0.07m▲
Suppliers440/4€0.05m€0.07m▲
Taxes, remuneration and social security45€0.8m€0.8m▼
Taxes450/3€0.05m€0.05m▼
Remuneration and social security454/9€0.8m€0.8m▼
Accrued charges and deferred income492/3€0.01m€0.004m▼
Income statement Code20242025
Operating income70/76A€6.1m€6.3m▲
Turnover70€0.6m€0.6m▲
Membership fees, donations, legacies and grants73€5.4m€5.4m▲
Other operating income74€0.2m€0.2m▲
Non-recurring operating income76A€0.02m€0.004m▼
Operating charges60/66A€5.9m€6.0m▲
Goods for resale, raw materials and consumables60€0.2m€0.2m▲
Purchases600/8€0.2m€0.2m▲
Services and other goods61€0.7m€0.6m▼
Remuneration, social security and pensions62€4.8m€4.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.009m-
Other operating charges640/8€0.02m€0.03m▲
Non-recurring operating charges66A€0.008m€0.009m▲
Operating profit (loss)9901€0.2m€0.3m▲
Financial income75/76B€0.08m€0.09m▲
Recurring financial income75€0.08m€0.09m▲
Income from current assets751€0.08m€0.09m▲
Other financial income752/9€0.002m€479▼
Financial charges65/66B€0.02m€0.01m▼
Recurring financial charges65€0.02m€0.01m▼
Debt charges650€0.01m€0.01m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0.008m-
Other financial charges652/9€0.004m€0.002m▼
Profit (loss) for the period before taxes9903€0.3m€0.4m▲
Profit (loss) for the period9904€0.3m€0.4m▲
Profit (loss) for the period to be appropriated9905€0.3m€0.4m▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.3m€2.6m▲
Profit (loss) brought forward from the previous period14P€2.0m€2.2m▲
Addition to contributions691€0.02m€0.02m▲
Social balance sheet
Average headcount (FTE)908762.563.4▲

The notes to these accounts have 65 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€5.6m€5.7m€6.1m€6.1m€6.3m▲ 2.2%
Turnover70€1.0m€1.0m€1.0m€1.1m€0.6m€0.6m€0.6m€0.6m▲ 8.7%
Membership fees, donations, legacies and grants73---€4.4m€4.4m€4.8m€5.4m€5.4m▲ 1.1%
Other operating income74---€0.1m€0.7m€0.7m€0.2m€0.2m▲ 24.8%
Non-recurring operating income76A---€0.003m€0.001m€0.01m€0.02m€0.004m▼ 77.8%
Operating charges60/66A---€5.0m€5.4m€5.9m€5.9m€6.0m▲ 1.1%
Goods for resale, raw materials and consumables60---€0.2m€0.2m€0.2m€0.2m€0.2m▲ 13.4%
Purchases600/8---€0.2m€0.2m€0.2m€0.2m€0.2m▲ 13.4%
Services and other goods61---€0.5m€0.5m€0.6m€0.7m€0.6m▼ 7.7%
Remuneration, social security and pensions62---€4.0m€4.4m€4.7m€4.8m€4.9m▲ 1.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€0.009m-€0.009m--
Other operating charges640/8---€0.02m€0.02m€0.01m€0.02m€0.03m▲ 33.9%
Non-recurring operating charges66A---€0.04m€0.005m€71€0.008m€0.009m▲ 8.1%
Operating profit (loss)9901€0.1m-€0.2m€0.3m€0.6m€0.3m€0.3m€0.2m€0.3m▲ 30.8%
Financial income75/76B---€0.1m€0.06m€0.05m€0.08m€0.09m▲ 3.2%
Recurring financial income75€0.07m€0.02m€0.02m€0.1m€0.06m€0.05m€0.08m€0.09m▲ 3.2%
Income from current assets751---€0.02m€0.02m€0.04m€0.08m€0.09m▲ 4.6%
Other financial income752/9---€0.08m€0.04m€0.008m€0.002m€479▼ 71.2%
Financial charges65/66B----€0.004m€0.09m-€0.03m€0.02m€0.01m▼ 46.1%
Recurring financial charges65€0.07m-€0.02m€0.04m-€0.004m€0.09m-€0.03m€0.02m€0.01m▼ 46.1%
Debt charges650€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m▼ 3.8%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651----€0.02m€0.07m-€0.04m€0.008m--
Other financial charges652/9---€0.005m€0.006m€0.004m€0.004m€0.002m▼ 62.8%
Profit (loss) for the period before taxes9903€0.2m-€0.2m€0.3m€0.7m€0.2m€0.3m€0.3m€0.4m▲ 29.2%
Profit (loss) for the period9904€0.4m-€0.2m€0.3m€0.7m€0.2m€0.3m€0.3m€0.4m▲ 29.2%
Profit (loss) for the period to be appropriated9905€0.4m-€0.2m€0.3m€0.7m€0.2m€0.3m€0.3m€0.4m▲ 29.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.2m€6.0m€6.1m€6.8m€7.6m€7.8m€8.1m€8.3m▲ 3.0%
Fixed assets21/28€2.4m€2.3m€2.2m€2.0m€1.9m€1.8m€1.6m€1.5m▼ 6.6%
Tangible fixed assets22/27€2.4m€2.3m€2.2m€2.0m€1.9m€1.8m€1.6m€1.5m▼ 6.7%
Land and buildings22---€1.7m€1.6m€1.5m€1.4m€1.2m▼ 8.5%
Plant, machinery and equipment23---€0.1m€0.2m€0.2m€0.2m€0.2m▼ 9.1%
Furniture and vehicles24---€0.09m€0.07m€0.06m€0.04m€0.08m▲ 82.9%
Other tangible fixed assets26---€0.08m€0.07m€0.06m€0.05m€0.04m▼ 21.8%
Assets under construction and advance payments27------€0.002m--
Financial fixed assets28€0.008m€0.009m€0.007m€0.009m€0.01m€0.01m€0.01m€0.01m▲ 3.0%
Other financial fixed assets284/8---€0.009m€0.01m€0.01m€0.01m€0.01m▲ 3.0%
Amounts receivable and cash guarantees285/8---€0.009m€0.01m€0.01m€0.01m€0.01m▲ 3.0%
Current assets29/58€3.9m€3.6m€3.9m€4.8m€5.7m€6.0m€6.4m€6.8m▲ 5.4%
Amounts receivable within one year40/41€0.6m€0.5m€0.8m€0.8m€1.3m€0.7m€0.4m€0.4m▲ 0.7%
Trade receivables40---€0.2m€0.3m€0.2m€0.1m€0.2m▲ 18.0%
Other amounts receivable41---€0.7m€1.0m€0.5m€0.3m€0.2m▼ 8.3%
Current investments50/53€2.6m€2.7m€2.6m€2.9m€2.9m€4.6m€5.3m€4.2m▼ 19.7%
Cash at bank and in hand54/58€0.7m€0.4m€0.5m€1.1m€1.6m€0.7m€0.7m€2.1m▲ 185%
Deferred charges and accrued income490/1---€0.001m€0.01m€0.02m€0.008m€0.01m▲ 56.5%
Equity and liabilities
Total equity and liabilities10/49€6.2m€6.0m€6.1m€6.8m€7.6m€7.8m€8.1m€8.3m▲ 3.0%
Equity10/15€4.7m€4.6m€4.8m€5.4m€6.1m€6.4m€6.6m€6.9m▲ 4.7%
Contributions10/11----€1.0m€1.0m€1.0m€1.0m=
Capital10----€1.0m€1.0m€1.0m€1.0m=
Reserves13---€2.4m€2.5m€2.6m€2.6m€2.6m▲ 0.7%
Profit (loss) carried forward14€1.6m€1.4m€1.4m€1.6m€1.7m€2.0m€2.2m€2.6m▲ 15.8%
Investment grants15---€0.9m€0.8m€0.8m€0.7m€0.6m▼ 9.5%
Provisions and deferred taxes16€0.2m€0.2m€0.2m€0.3m€0.3m€0.4m€0.3m€0.3m▼ 7.1%
Provisions for liabilities and charges160/5---€0.3m€0.3m€0.4m€0.3m€0.3m▼ 7.1%
Major repairs and maintenance162---€0.3m€0.3m€0.3m€0.3m€0.3m▼ 7.1%
Other liabilities and charges164/5-----€0.04m---
Amounts payable17/49€1.4m€1.2m€1.0m€1.1m€1.3m€1.1m€1.2m€1.1m▼ 3.8%
Amounts payable after more than one year17€0.2m€0.2m€0.2m€0.2m€0.2m€0.1m€0.1m€0.1m▼ 14.9%
Financial debts170/4---€0.2m€0.2m€0.1m€0.1m€0.1m▼ 15.1%
Credit institutions173---€0.2m€0.2m€0.1m€0.1m€0.1m▼ 15.1%
Other amounts payable178/9---€0.001m€0.002m€0.002m€0.002m€0.002m▲ 1.7%
Amounts payable within one year42/48€1.1m€1.0m€0.8m€0.8m€1.0m€0.9m€1.0m€1.0m▼ 1.8%
Current portion of amounts payable after more than one year42---€0.02m€0.02m€0.02m€0.02m€0.02m▲ 3.9%
Trade debts44€0.07m€0.07m€0.05m€0.05m€0.08m€0.04m€0.05m€0.07m▲ 36.3%
Suppliers440/4---€0.05m€0.08m€0.04m€0.05m€0.07m▲ 36.3%
Taxes, remuneration and social security45---€0.7m€0.8m€0.7m€0.8m€0.8m▼ 1.9%
Taxes450/3---€0.05m€0.06m€0.05m€0.05m€0.05m▼ 10.9%
Remuneration and social security454/9---€0.6m€0.8m€0.7m€0.8m€0.8m▼ 1.3%
Accrued charges and deferred income492/3---€0.06m€0.07m€0.04m€0.01m€0.004m▼ 62.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.4m-€0.2m€0.3m€0.7m€0.2m€0.3m€0.3m€0.4m▲ 29.2%
+ Depreciation and write-downs630€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Operating cash flow (approximation)€0.6m€0.07m€0.6m€0.9m€0.4m€0.5m€0.5m€0.6m▲ 16.7%
Investment in fixed assets (approximation)--€0.2m-€0.07m-€0.05m-€0.1m-€0.1m-€0.07m-€0.1m▼ 44.9%
Change in cash--€0.3m€0.1m€0.6m€0.5m-€0.9m€0.04m€1.4m▲ 34×

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,887 companies had the same profile as De Markgrave has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
97.9% was still going
2.0% stopped otherwise
0.1% went bankrupt

That fits the bankruptcy probability of De Markgrave itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,887 companies, not a prediction for De Markgrave. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-07-2026 2026-00302211 PDF
31-12-2024 abbreviated format 22-05-2025 2025-00103063 PDF
31-12-2023 abbreviated format 10-06-2024 2024-00121677 PDF
31-12-2022 abbreviated format 12-06-2023 2023-00123658 PDF
31-12-2021 abbreviated format 02-06-2022 2022-20043729 PDF
31-12-2020 abbreviated format 26-07-2021 2021-39700347 PDF
31-12-2019 abbreviated format 16-10-2020 2020-61900157 PDF
31-12-2018 abbreviated format 10-07-2019 2019-31800382 PDF
31-12-2017 abbreviated format 11-06-2018 2018-18200302 PDF
31-12-2016 abbreviated format 14-07-2017 2017-32700230 PDF

Show all 20 filings

Next steps

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