MAR@LAGO
ActiveMAR@LAGO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €183k and a net result of €-7k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 1847 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
70
/ 100
Healthy▼ -9 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-41
Solvency96▲+12
Growth52=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.6 in 2023), and 37.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
62.6%
Return on assets
-2.2%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
26 d late
2022
30 d late
2021
18 d early
2020
31 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€459k
EBIT margin
4.4%
Net result
€-7k
2023 · €16k
2018: €19k
2019: €-6k
2020: €85k
2021: €36k
2022: €35k
2023: €16k
2018 → 2024
Working capital
€95k▼ 22.7%
2023 · €123k
2018: €44k
2019: €51k
2020: €146k
2021: €108k
2022: €133k
2023: €123k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€103k-€139k▲ 35.5%€174k▲ 24.9%€190k▲ 9.0%€183k▼ 3.4%
Operating result€89k-€53k▼ 40.7%€46k▼ 12.4%€27k▼ 41.4%€-6k
Net result€85k-€36k▼ 56.9%€35k▼ 4.8%€16k▼ 55.0%€-7k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €27k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €292k
Fixed assets
€90k▲ 25.3%
Current assets
€203k▼ 38.2%
Equity and liabilities €292k
Equity
€183k▼ 3.4%
Provisions
€2k▼ 65.5%
Debt
€108k▼ 47.5%
The debt ratio falls from 51.3% to 36.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€19k▼
2023 · €43k
Cash flow
€19k▼
2023 · €31k
Solvency
62.6%▲
2023 · 47.5%
Current ratio
1.88▲
2023 · 1.60
Quick ratio
1.88▲
2023 · 1.60
Debt / equity
0.59▼
2023 · 1.08
ROE
-3.6%▼
2023 · 8.2%
ROA
-2.2%▼
2023 · 3.9%
Interest coverage
58.56▲
2023 · 50.43
Debt
€108k▼
2023 · €205k
Debt ≤ 1 year
€108k▼
2023 · €205k
Income taxes
€4k▼
2023 · €14k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€400k€292k▼
Fixed assets21/28€72k€90k▲
Tangible fixed assets22/27€69k€87k▲
Furniture and vehicles24€69k€87k▲
Financial fixed assets28€3k€3k=
Current assets29/58€328k€203k▼
Amounts receivable within one year40/41€276k€175k▼
Trade receivables40€269k€167k▼
Other amounts receivable41€7k€8k▲
Cash at bank and in hand54/58€52k€28k▼
Equity and liabilities
Total equity and liabilities10/49€400k€292k▼
Equity10/15€190k€183k▼
Contributions10/11€75k€75k=
Reserves13€115k€108k▼
Tax-exempt reserves132€15k€5k▼
Distributable reserves133€99k€103k▲
Provisions and deferred taxes16€5k€2k▼
Deferred taxes168€5k€2k▼
Amounts payable17/49€205k€108k▼
Amounts payable within one year42/48€205k€108k▼
Trade debts44€124k€24k▼
Suppliers440/4€124k€24k▼
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€73k€74k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€25k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€0▼
Other operating charges640/8€8k€4k▼
Gross operating margin9900€56k€24k▼
Operating profit (loss)9901€27k€-6k▼
Financial income75/76B€60€387▲
Recurring financial income75€60€387▲
Financial charges65/66B€849€327▼
Recurring financial charges65€849€327▼
Profit (loss) for the period before taxes9903€26k€-6k▼
Transfer from deferred taxes780€3k€3k=
Transfer to deferred taxes680€0-
Income taxes67/77€14k€4k▼
Profit (loss) for the period9904€16k€-7k▼
Transfer from tax-exempt reserves789€10k€10k=
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€26k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€3k▼
Transfer to equity691/2€26k€3k▼
To other reserves6921€26k€3k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet €-7k ▼142%
Net result drops to €-7k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €150kEq €174k ▲24.9%
3 profitable years in a row build equity to €174k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.86
Current ratio from 1.99 to 5.86; short-term debt falls from €52k to €30k.
31-12
Financial
Equity above €100kEq €103k ▲469%
Equity rises from €18k to €103k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 2004
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.
Werkenstraat 328820 TorhoutGround area
636 m²
Building footprint
214 m²
Volume, LiDAR
1,899 m³
Parcel 31523H0938/00Z004, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAR@LAGO
since 20042.139.512.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523H0938/00Z004 | Flanders | 636 m² | 1 · 214 m² | 12.9 m · 3 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
DE LAET Patrick
BE 0867.298.576
Knokke-Heist · Eq €183k
D'HOOGE M TRANSPORT
BE 0882.139.279
Lievegem · Eq €183k
EMEK RENT
BE 0546.598.760
Brussel · Eq €183k
LOY TRANS
BE 0787.998.997
Schaarbeek · Eq €183k
NET FACTORY
BE 0469.379.436
Oudergem · Eq €183k
Of 12,446 companies in sector 49410 we hold annual accounts for 8,085. 6,184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2004
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.