Checked.be
Active
BE 0683.563.255Private limited company (pre-2019)Open bankruptcy
M.A.R.H.
Jean Joseph Crocqlaan 2 ·1090 Jette, Belgium· 8 yrs active
Sector: Detailhandel in brood en banketbakkerswerk (koude bakkers)
(47241)
Conclusion
A bankruptcy procedure is open for M.A.R.H. according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-40k) and a net result of €-39k.
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €-40k |
| Net result | €-39k |
| Better than sector | 5% |
| Active | 8 yrs |
Snowflake analysis
33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
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.
Health barometer
0
/ 100
Critical
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-10-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -245.3% | 20.0% | |
| Net result | €-39k | €3k | |
| Equity | €-40k | €15k | |
| Gross operating margin | €7k | €23k | |
| Staff costs | €41k | €33k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-35k
-96.7%
18-23
€-39k
-84.7%
18-23
€-36k
-99.9%
18-23
€17k
-9.8%
18-23
€-40k
-2971.6%
18-23
€-54k
-203.6%
18-23
€41k
+979.7%
18-23
€57k
+190.6%
18-23
€57k
+190.6%
18-23
0.06
-40.4%
18-23
0.06
-40.4%
18-23
-245.3%
-3304.9%
18-23
-1.41
+90.5%
18-23
96.7%
-94.0%
18-23
-237.4%
-104.7%
18-23
-32.35
+52.4%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-35k |
| Net profit | €-39k |
| Cash flow | €-36k |
| Staff costs | €41k |
| Income taxes | - |
| Dividends | - |
| Total assets | €17k |
| Equity | €-40k |
| Debt | €57k |
| of which ≤ 1y | €57k |
| of which > 1y | - |
| Working capital | €-54k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.06 |
| Quick ratio | 0.06 |
| Working capital ratio | -324.8% |
| Solvency | -245.3% |
| Debt / equity | -1.41 |
| Long-term debt ratio | - |
| Interest coverage | -32.35 |
| Gross margin | - |
| Net margin | - |
| ROA | -237.4% |
| ROE | 96.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €17k |
| Fixed assets | 21/28 | €13k |
| Intangible fixed assets | 21 | €9k |
| Tangible fixed assets | 22/27 | €3k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €3k |
| Amounts receivable within one year | 40/41 | €3k |
| Cash & bank | 54/58 | €119 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €17k |
| Equity | 10/15 | €-40k |
| Contributions / capital | 10/11 | €16k |
| Accumulated profits (losses) | 14 | €-56k |
| Amounts payable | 17/49 | €57k |
| Amounts payable within one year | 42/48 | €57k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €7k |
| Operating result | 9901 | €-38k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-39k |
| Net result for the period | 9904 | €-39k |
| Result to be appropriated | 9905 | €-39k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | POL MASSART CHAUSSEE DE LA HULPE, 110/5,
1000 FR BRUXELLES-VILLE |
17-11-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Detailhandel in brood en banketbakkerswerk (koude bakkers)(47241) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 20-10-2017 |
| Status | Active |
| Postal code | 1090 |
| First BS signal | 21-11-2025 |
| Latest BS signal | 21-11-2025 |
Establishment units
M.A.R.H.
since 20172.269.389.729
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
21-11-2025
Bankruptcy
Opening
2024
09-10-2024
NBB filing
Annual accounts filed
2023
28-12-2023
NBB filing
Annual accounts filed
2022
07-06-2022
NBB filing
Annual accounts filed
20-04-2022
State Gazette act
Capital & shares
2021
30-08-2021
NBB filing
Annual accounts filed
2020
29-06-2020
NBB filing
Annual accounts filed
2019
15-07-2019
NBB filing
Annual accounts filed
2018
08-06-2018
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
21-11-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts
Capital history · 1
20-04-2022
Capital change
All acts · 1
updated 4 years ago
2022
20-04-2022 All shares are now held by a single shareholder
Technical details
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}
],
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}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Jette",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": null,
"filing_date": "2022-04-11",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2022-04-11",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": "2022-04-11"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0683.563.255",
"name_full": "M.A.R.H.",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 Responsabilit\u00E9 Limit\u00E9e",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "VANHEMELEN Claude Mario F",
"role": "g\u00E9rant_statutaire",
"n_shares": 186,
"share_class": null
}
],
"share_classes_after": []
}Credit advice
Company registry (CBE)
Activities
Detailhandel in brood en banketbakkerswerk in gespecialiseerde winkels (koude bakkers)47241Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
| Legal nameFR | M.A.R.H. |
Registered office
Jean Joseph Crocqlaan 2
1090 Jette, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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