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MAR1

Active
Private limited companyfounded 201313 yrs activeMeiselaan 14, 1880 Kapelle-op-den-Bos, BelgiumKBO/BCE: BE 0526.979.521

MAR1 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €577k and a net result of €76k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
82 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 40.3 against 37.6 in 2023; short-term debt: 2.5% and cash: 3.3% of total assets), and 2.5% 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 riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 13 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
97.5%
Return on assets
12.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
33 d early
2023
24 d late
2022
11 d early
2021
31 d late
2019
97 d late
2018
85 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76k▲ 57.1%
2023 · €49k
2018: €100k 2019: €7k 2021: €50k 2022: €55k 2023: €49k
2018 → 2024
Working capital
€574k▲ 14.1%
2023 · €503k
2018: €292k 2019: €298k 2021: €396k 2022: €452k 2023: €503k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20192021202220232024Trend
Equity€298k-€397k▲ 33.0%€452k▲ 13.9%€500k▲ 10.7%€577k▲ 15.2%
Operating result€9k-€54k▲ 502%€77k▲ 43.0%€71k▼ 7.2%€87k▲ 22.0%
Net result€7k-€50k▲ 661%€55k▲ 10.3%€49k▼ 12.0%€76k▲ 57.1%
Result per fiscal year
Operating resultNet result
€0€25k€50k€75kOperating result 2019: €9k€9kNet result 2019: €7k€7kOperating result 2021: €54k€54kNet result 2021: €50k€50kOperating result 2022: €77k€77kNet result 2022: €55k€55kOperating result 2023: €71k€71kNet result 2023: €49k€49kOperating result 2024: €87k€87kNet result 2024: €76k€76k20192021202220232024
The operating result recovers in 2024; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €591k
Fixed assets €3k▲ 441%
Current assets €589k▲ 13.9%
Equity and liabilities €591k
Equity €577k▲ 15.2%
Debt €15k▼ 13.3%
The debt ratio falls from 3.3% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€88k
2023 · €72k
Cash flow
€77k
2023 · €49k
Solvency
97.5%
2023 · 96.7%
Current ratio
40.30
2023 · 37.60
Quick ratio
40.30
2023 · 37.60
Debt / equity
0.03
2023 · 0.03
ROE
13.2%
2023 · 9.7%
ROA
12.9%
2023 · 9.4%
Interest coverage
275.17
2023 · 257.07
Debt
€15k
2023 · €17k
Debt ≤ 1 year
€15k
2023 · €14k
Income taxes
€29k
2023 · €23k
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€517k€591k
Fixed assets21/28€513€3k
Tangible fixed assets22/27€434€3k
Plant, machinery and equipment23€305€200
Furniture and vehicles24€128€2k
Financial fixed assets28€79€79=
Current assets29/58€517k€589k
Amounts receivable within one year40/41€21k€19k
Trade receivables40€14k€1k
Other amounts receivable41€7k€18k
Current investments50/53€430k€550k
Cash at bank and in hand54/58€66k€20k
Equity and liabilities
Total equity and liabilities10/49€517k€591k
Equity10/15€500k€577k
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k€19k=
Reserves13€204k€280k
Distributable reserves133€204k€280k
Profit (loss) carried forward14€278k€278k=
Amounts payable17/49€17k€15k
Amounts payable within one year42/48€14k€15k
Trade debts44€1k€4k
Suppliers440/4€1k€4k
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Other amounts payable47/48€13k€3k
Accrued charges and deferred income492/3€3k-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€260€771
Gross operating margin9900€72k€88k
Operating profit (loss)9901€71k€87k
Financial income75/76B€605€19k
Recurring financial income75€605€19k
Financial charges65/66B€279€319
Recurring financial charges65€279€319
Profit (loss) for the period before taxes9903€72k€106k
Income taxes67/77€23k€29k
Profit (loss) for the period9904€49k€76k
Profit (loss) for the period to be appropriated9905€49k€76k
Appropriation of the result
Profit (loss) to be appropriated9906€327k€355k
Profit (loss) brought forward from the previous period14P€278k€278k=
Transfer to equity691/2€49k€76k
To other reserves6921€49k€76k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
28-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
24-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial Liquidity triplescurrent ratio 37.60
Current ratio from 14.89 to 37.60; short-term debt falls from €33k to €14k.
31-12
Financial Equity above €500kEq €500k ▲10.7%
5 profitable years in a row build equity to €500k.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2020
05-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 97 days late
2019
31-12
Financial Weakest financial yearnet €7k ▼93.5%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity quadruplescurrent ratio 24.62
Current ratio from 6.39 to 24.62; short-term debt falls from €54k to €13k.
24-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 85 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
5 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, Kapelle-op-den-Bos · 1 establishment unit since 2013
establishment The establishment unit on the map
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.

Meiselaan 141880 Kapelle-op-den-Bos
Ground area
4,368 m²
Building footprint
2,908 m²
Volume, LiDAR
103,757 m³
2 parcels, Brussels, Flanders · tallest building 101.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
MAR1
Louizalaan 149, 1050 ElseneOther software publishing
since 20132.218.356.544
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0089/00D007
ProtectedMonumentHuis Wielemans en tuinSource ↗
Brussels 3,879 m² 1 · 2,740 m² 101.4 m · 7 fl.
23056B0381/00Z004 Flanders 489 m² 1 · 167 m² 6.4 m · 1 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar companies · same sector, comparable size

Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 33,465 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded22-04-2013
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.