Manon De Marez
ActiveSummary
The computed 12-month bankruptcy probability of Manon De Marez is 1.9% (moderate). The 2025 annual accounts show equity of €4k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 18280 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency30▼-70
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.6%
Return on assets
31.7%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
47 d early
2022
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 95.5%
2024 · €87k
2022: €15k
2023: €54k
2024: €87k
2022 → 2025
Total assets
€85k▼ 6.9%
2024 · €91k
2022: €28k
2023: €64k
2024: €91k
2022 → 2025
Net result
€27k▼ 18.7%
2024 · €33k
2022: €12k
2023: €39k
2024: €33k
2022 → 2025
Working capital
€3k▼ 96.6%
2024 · €85k
2022: €15k
2023: €54k
2024: €85k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€15k-€54k▲ 269%€87k▲ 61.3%€4k▼ 95.5%
Operating result€15k-€50k▲ 241%€42k▼ 15.4%€34k▼ 19.1%
Net result€12k-€39k▲ 238%€33k▼ 15.9%€27k▼ 18.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€1k ▼ 45.5%
Current assets
€84k ▼ 6.0%
Equity and liabilities €85k
Equity
€4k ▼ 95.5%
Debt
€81k ▲ 1,859%
Debt's share of the balance-sheet total rises from 4.5% to 95.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▼
2024 · €43k
Cash flow
€28k▼
2024 · €34k
Current ratio
1.04▼
2024 · 21.59
Debt to equity
20.70▲
2024 · 0.05
ROE
687.5%▲
2024 · 38.0%
ROA
31.7%▼
2024 · 36.3%
Interest coverage
630.30▼
2024 · 663.35
Debt ≤ 1 year
€81k▲
2024 · €4k
Income taxes
€7k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€91k€85k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Current assets29/58€89k€84k▼
Amounts receivable within one year40/41€18k€19k▲
Trade receivables40€6k€8k▲
Other amounts receivable41€11k€11k▲
Cash at bank and in hand54/58€71k€64k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€91k€85k▼
Equity10/15€87k€4k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€84k€923▼
Amounts payable17/49€4k€81k▲
Amounts payable within one year42/48€4k€81k▲
Trade debts44€476€650▲
Suppliers440/4€476€650▲
Taxes, remuneration and social security45€3k€17k▲
Taxes450/3€3k€17k▲
Other amounts payable47/48€841€63k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€704€878▲
Other operating charges640/8-€400
Gross operating margin9900€43k€35k▼
Operating profit (loss)9901€42k€34k▼
Financial income75/76B-€300
Recurring financial income75-€300
Financial charges65/66B€65€55▼
Recurring financial charges65€65€55▼
Profit (loss) for the period before taxes9903€42k€34k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€33k€27k▼
Profit (loss) for the period to be appropriated9905€33k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€111k▲
Profit (loss) brought forward from the previous period14P€51k€84k▲
Profit to be distributed694/7-€110k
Return on contributions (dividend)694-€110k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- Board meeting, 01/07/2026
- Registered-office move, Hof ter Eikenlaan 11, 3020 Herent
- Power of attorney, BV Accountantskantoor DRT & Partners
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 21.59
Current ratio from 6.60 to 21.59; short-term debt falls from €10k to €4k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €39k ▲238%
Operating result €50k, net result €39k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.60
Current ratio from 2.08 to 6.60; short-term debt falls from €14k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herent · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hof ter Eikenlaan 113020 HerentGround area
824 m²
Building footprint
150 m²
Volume, LiDAR
1,004 m³
Parcel 24127E0021/00D005, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Manon De Marez
since 20222.335.014.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24127E0021/00D005 | Flanders | 824 m² | 1 · 150 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Aston Luxembourg
BE 0837.030.618
Marche-en-Famenne · Eq €3,960
WASOPHARMA
BE 1029.094.378
Nivelles · Eq €3,861
Rick Voeten
BE 0766.425.407
Turnhout · Eq €4,000
PHARMACIE DES VIADUCS
BE 0476.396.791
Mons · Eq €3,820
Styrax
BE 0792.694.787
Merchtem · Eq €3,814
Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 374 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
46460Wholesale of pharmaceutical and medical goods
47279Other retail sale of food
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.