MAR - AL
ActiveMAR - AL has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €2k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency24▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.24 in 2024), and 87% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27386 sector peers (2025).
NBB · sector comparisonPosition among 27386 sector peers
Solvency
better than 16%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
2 d early
2023
6 d early
2022
3 d early
2021
3 d early
2020
4 d early
2019
2 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▲ 30.9%
2024 · €5k
2018: €-6k
2019: €367
2020: €2k
2021: €3k
2022: €4k
2023: €4k
2024: €5k
2018 → 2025
Total assets
€55k▲ 68.1%
2024 · €32k
2018: €83k
2019: €85k
2020: €107k
2021: €56k
2022: €49k
2023: €33k
2024: €32k
2018 → 2025
Net result
€2k▲ 48.6%
2024 · €1k
2018: €3k
2019: €7k
2020: €2k
2021: €386
2022: €1k
2023: €616
2024: €1k
2018 → 2025
Working capital
€7k▲ 36.2%
2024 · €5k
2018: €-22k
2019: €-6k
2020: €-9k
2021: €12k
2022: €3k
2023: €-4k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€4k▲ 41.1%€4k▲ 16.8%€5k▲ 26.3%€7k▲ 30.9%
Operating result€3k-€5k▲ 88.2%€4k▼ 31.6%€4k▲ 9.4%€8k▲ 101%
Net result€386-€1k▲ 176%€616▼ 42.2%€1k▲ 82.6%€2k▲ 48.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 101% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55k
Fixed assets
€10k▲ 109%
Current assets
€45k▲ 60.9%
Equity and liabilities €55k
Equity
€7k▲ 30.9%
Debt
€48k▲ 75.5%
The debt ratio rises from 83.4% to 87.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€13k▲
2024 · €9k
Cash flow
€7k▲
2024 · €6k
Solvency
13.0%▼
2024 · 16.6%
Current ratio
1.19▼
2024 · 1.24
Quick ratio
1.19▲
2024 · 1.07
Debt / equity
6.72▲
2024 · 5.01
ROE
23.6%▲
2024 · 20.8%
ROA
3.1%▼
2024 · 3.5%
Interest coverage
2.31▼
2024 · 4.35
Debt
€48k▲
2024 · €27k
Debt ≤ 1 year
€37k▲
2024 · €22k
Debt > 1 year
€8k▲
2024 · €4k
Income taxes
€746▲
2024 · €705
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€32k€55k▲
Fixed assets21/28€5k€10k▲
Tangible fixed assets22/27€5k€10k▲
Plant, machinery and equipment23€2k€10k▲
Furniture and vehicles24€3k€161▼
Current assets29/58€28k€45k▲
Stocks and contracts in progress3€4k€0▼
Stocks30/36€4k€0▼
Amounts receivable within one year40/41€17k€10k▼
Trade receivables40€15k€9k▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58-€22k
Deferred charges and accrued income490/1€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€32k€55k▲
Equity10/15€5k€7k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-6k€-5k▲
Amounts payable17/49€27k€48k▲
Amounts payable after more than one year17€4k€8k▲
Financial debts170/4€4k€8k▲
Amounts payable within one year42/48€22k€37k▲
Current portion of amounts payable after more than one year42€2k€4k▲
Financial debts43€7k€0▼
Credit institutions430/8€7k€0▼
Trade debts44€5k€26k▲
Suppliers440/4€5k€26k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€7k€3k▼
Remuneration and social security454/9€1k€4k▲
Other amounts payable47/48-€95
Accrued charges and deferred income492/3€300€3k▲
Income statement
Code20242025
Non-recurring operating income76A€144€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€11k€15k▲
Operating profit (loss)9901€4k€8k▲
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€2k€2k▲
Income taxes67/77€705€746▲
Profit (loss) for the period9904€1k€2k▲
Profit (loss) for the period to be appropriated9905€1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-5k▲
Profit (loss) brought forward from the previous period14P€-7k€-6k▲
The notes to these accounts (9 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €386 ▼79.1%
Net result drops to €386, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €7k ▲130%
Operating result €10k, net result €7k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Yaro Marien
CurrentDirector · since 29-05-2026
29-05-2026
Appointed as Director
Location & real-estate footprint
Registered office, Putte · 1 establishment unit since 2000
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.
Sollevelden 18D2580 PutteGround area
1,983 m²
Building footprint
352 m²
Volume, LiDAR
1,606 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAR-AL
since 20002.131.844.521
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001B0086/00Y000 | Flanders | 1,088 m² | 1 · 195 m² | 5.1 m · 1 fl. |
| 12001B0087/00Z004 | Flanders | 895 m² | 1 · 156 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
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BE 0644.892.226
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BitSystems
BE 1001.442.450
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BE 0664.882.540
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DTK Home Automation
BE 1019.145.643
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,271. 4,539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-1974
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43410Roofing work
45220
41001General construction of residential buildings
42110Construction of roads and motorways
43310Plastering work
45212
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.