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MARBAISE S.A.

Active
Public limited companyfounded 198739 yrs activeRue des Boussines, Vaux-Chavanne 48, 6960 Manhay, BelgiumKBO/BCE: BE 0431.902.002
Summary

The computed 12-month bankruptcy probability of MARBAISE S.A. is 1.8% (moderate). The 2026 annual accounts show equity of €340,128 and a net result of -€161,038. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 22% of 253 sector peers (fiscal year 2026). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MARBAISE S.A.ActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of footwear
NACE 47721NACE 52431
#2 employer in Manhay7 sites
Size
€3.5mtotal assets 2026
Staff
29 FTE
Equity
€340,128
Loss
-€161,038
Financial health
52 Fair Checked score 2026
Bankruptcy chance 12 m
1.8%
Structure
Holdings
1
Accounts 41 d early0 of 18 deeds read
Why 52- Equity €340,128 (9.7% of total assets)- Sector Retail trade (NACE 47)- Liquidity: current ratio 1.07, cash €101,642- Loss of €161,038 (FY 2026)Show the evidence

Checked score

Score 2026
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 13% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 35-6
equity 9.7% of total assets
Liquidity 9-4
short-term debt 80.7% · cash 2.9%
Profitability 13-17
return on assets -4.6%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,688 companies)
Last 24 months 11-2024: 0.8%lowest value 12-2024: 0.8%● 0.0% vs 11-2024lowest value 01-2025: 0.8%● 0.0% vs 12-2024lowest value 02-2025: 0.8%● 0.0% vs 01-2025lowest value 03-2025: 0.8%● 0.0% vs 02-2025lowest value 04-2025: 1.0%▲ +16.5% vs 03-2025 05-2025: 1.0%▲ +3.5% vs 04-2025 06-2025: 1.0%▲ +1.9% vs 05-2025 07-2025: 1.0%▲ +0.8% vs 06-2025 08-2025: 1.3%▲ +26.5% vs 07-2025 09-2025: 1.0%▼ -24.7% vs 08-2025 10-2025: 1.0%● 0.0% vs 09-2025 11-2025: 1.0%● 0.0% vs 10-2025 12-2025: 1.0%● 0.0% vs 11-2025 01-2026: 1.0%● 0.0% vs 12-2025 02-2026: 1.0%● 0.0% vs 01-2026 03-2026: 1.0%▼ -3.4% vs 02-2026 04-2026: 1.1%▲ +16.3% vs 03-2026 05-2026: 1.1%▼ -1.3% vs 04-2026 06-2026: 1.1%▲ +1.4% vs 05-2026 07-2026: 1.1%▲ +2.1% vs 06-2026 08-2026: 1.8%▲ +60.6% vs 07-2026highest value 09-2026: 1.8%● 0.0% vs 08-2026highest value 10-2026: 1.8%● 0.0% vs 09-2026highest value
  • Equity €340,128 (9.7% of total assets) raises the probability
  • Sector Retail trade (NACE 47) raises the probability
  • Liquidity: current ratio 1.07, cash €101,642 raises the probability
  • Loss of €161,038 (FY 2026) raises the probability
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.09 in 2025; short-term debt: 80.7% and cash: 2.9% of total assets), and 90.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 22%, liquidity 8%, profitability 9%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Equity €340,128 (9.7% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Liquidity: current ratio 1.07, cash €101,642
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €161,038 (FY 2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 253 sector peers (2026).
NBB · sector comparison
Position among 253 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 21-07-2026, 41 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
41 d early
2025
13 d early
2024
30 d early
2023
28 d late
2022
29 d late
2021
30 d late
2020
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 18 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-01-2027 close31-08-2027 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
  1. Annual accounts filedfiscal year 2026 · full…
  2. Weakest financial yearnet -€161,038
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Caution: From profit to loss in 2026after €16,863 in 2025 -€161,038 View
  • Caution: Among the weakest 10% on net resultsector median €85,311 · 253 companies -€161,038 View
  • Active since 1987founded 01-09-1987 39 years View

By topic

Financials

Fiscal year
2026
Total assets
€3.5m
Loss
-€161,038
Solvency
9.7%
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-08-2027
  1. 21-07-2026Annual accounts filed
  2. 31-01-2026Weakest financial year
  3. 18-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
7
Legal form
Public limited company
Activity
Retail sale of footwearNACE 47721
Founded
01-09-1987
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

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