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ETABLISSEMENTS MARCEL DAVID

Active
Private limited companyfounded 1988active for 38 yearsAvenue Reine Astrid 20, 1310 La Hulpe, BelgiumKBO/BCE: BE 0434.818.831
Summary

ETABLISSEMENTS MARCEL DAVID has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.6m and a net result of €1.5m. Equity has been growing by about 19% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 05-07-1988 Normal situation
Activity
Retail sale of hardware, building materials, paint and glass (general range) NACE 47521and 2 others
Establishment units
2.039.703.330 1310 La Hulpe, since 16-08-1988
2.299.411.922 1480 Tubize, since 01-01-2020and 3 others
Financial year end
31 December
Peppol
Reachable since 22-08-2025

Board and ownership

Board
  • BDSCDirector · since 23-06-2023 · permanent representative Benoit David
  • MDLTDirector · since 23-06-2023 · permanent representative Marie David

Financial position

97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€29.6m
▲ 16.9%
Profit
€1.5m
▲ 4.0%
Equity
€12.6m
▲ 13.8%
Total assets
€14.8m
▲ 10.9%
Employees on 31-12-2025
35
▲ 25.0%
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskFounded in 1988Profit of €1.5m (financial year 2025)Equity €12.6m (84.8% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of small companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 84.8% of total assets
Liquidity 56-15
short-term debt 11.0% · cash 5.4%
Profitability 73-2
return on assets 10.3%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,697 companies, NACE 47, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €1,200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.43 (6.08 in 2024), above the usual 1.5. Short-term debt is 11% and cash 5.4% of total assets. 15.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 95% of them on solvency, 75% on liquidity, 61% on profitability and 79% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Profit of €1.5m (financial year 2025)
NBB · annual accounts
lowers risk · Equity €12.6m (84.8% of total assets)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
59 days early
2023
48 days early
2022
32 days early
2021
62 days early
2020
61 days early
2019
47 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Largest company by total assets in La Hulpe, Wholesale and retail trade…in the Checked rankings No. 1 View
  • Positive: 7 years of growth in a rowturnover 2025: €29.6m 7 years View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Positive: More staff in 2025from 24.9 FTE to 32.2 FTE ▲ 29.3% View

Recent changes

  1. · Gazette deed Demerger proposal: ETABLISSEMENTS MARCEL DAVID splits off to MDLTPermanent representatives: Marie David and Benoit David · Appointment: J. MARKO - REVISEUR D'ENTREPRISES S.R.L. (statutory auditor)
  2. · Gazette deed 1 director appointed, 1 director resigningAppointment: J. Marko - Réviseurs d'entreprises SRL (statutory auditor) · Resignation: SCRL C2 Réviseurs & Associés (statutory auditor) · Permanent representative: Benoit David
  3. · Gazette deed 3 directors appointed, 2 directors resigningResignations: Benoit David (director) and Marie David (director) · Appointments: BDSC, MDLT and C2 RÉVISEURS & ASSOCIES · Permanent representatives: Benoit David and Marie David
All 19 events

Comparable companies

These companies have the same main activity as ETABLISSEMENTS MARCEL DAVID: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €11m and €19m, founded between 1982 and 1995.

CompanyTotal assetsTurnover
ETABLISSEMENTS MARCEL DAVID La Hulpe€14.8m€29.6m
BELGIAN MINERALS AND MATERIALS ENGINEERING COMPANY Grez-Doiceau€10.9m€19.2m
ANDENNE BRICOLAGE Antwerpen€14.1m€15.3m
VAN DER SCHUEREN - LION Geraardsbergen€17.3m€17.6m
VOS TOOLS Brecht€17.0m€15.3m
ARMA Messancy€19.0m€13.5m
PRACTICAL Knokke-Heist€11.6m€13.1m
Full comparison

Key facts about ETABLISSEMENTS MARCEL DAVID

What is the company number of ETABLISSEMENTS MARCEL DAVID?
The company number of ETABLISSEMENTS MARCEL DAVID is 0434.818.831. The VAT number is the same number with BE in front: BE 0434.818.831.
Where is ETABLISSEMENTS MARCEL DAVID based?
The registered office is at Avenue Reine Astrid 20, 1310 La Hulpe.Company details
What does ETABLISSEMENTS MARCEL DAVID do?
According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
What is the legal form of ETABLISSEMENTS MARCEL DAVID?
The legal form of ETABLISSEMENTS MARCEL DAVID is Private limited company (BV).
When was ETABLISSEMENTS MARCEL DAVID founded?
ETABLISSEMENTS MARCEL DAVID was founded on 05-07-1988.
Is ETABLISSEMENTS MARCEL DAVID still active?
Yes, ETABLISSEMENTS MARCEL DAVID is an active enterprise in the KBO register.
How many employees does ETABLISSEMENTS MARCEL DAVID have?
ETABLISSEMENTS MARCEL DAVID had an average of 32.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ETABLISSEMENTS MARCEL DAVID?
The turnover of ETABLISSEMENTS MARCEL DAVID was €29.6m in financial year 2025, according to the filed annual accounts.
Is ETABLISSEMENTS MARCEL DAVID profitable?
In financial year 2025, ETABLISSEMENTS MARCEL DAVID made a profit of €1.5m.
Where can I find the annual accounts of ETABLISSEMENTS MARCEL DAVID?
ETABLISSEMENTS MARCEL DAVID filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ETABLISSEMENTS MARCEL DAVID due?
ETABLISSEMENTS MARCEL DAVID must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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