MARBAIX D
ActiveMARBAIX D has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €25k. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+17
Solvency54▲+20
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.41 in 2024; short-term debt: 38.8% and cash: 22.1% of total assets), and 71.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
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
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
28.5%
Return on assets
20%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €36k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
48 d early
2023
13 d late
2022
8 d late
2021
29 d late
2020
19 d late
2019
31 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 237%
2024 · €11k
2018: €30k
2019: €35k
2020: €31k
2021: €17k
2022: €27k
2023: €3k
2024: €11k
2018 → 2025
Total assets
€125k▲ 11.2%
2024 · €113k
2018: €68k
2019: €183k
2020: €196k
2021: €145k
2022: €138k
2023: €112k
2024: €113k
2018 → 2025
Net result
€25k▲ 250%
2024 · €7k
2018: €-2k
2019: €5k
2020: €-4k
2021: €-14k
2022: €10k
2023: €-24k
2024: €7k
2018 → 2025
Working capital
€-409▲ 99.0%
2024 · €-40k
2018: €31k
2019: €-5k
2020: €-11k
2021: €-33k
2022: €-22k
2023: €-43k
2024: €-40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€27k▲ 56.5%€3k▼ 87.4%€11k▲ 208%€36k▲ 237%
Operating result€-13k-€11k€-23k€9k€27k▲ 203%
Net result€-14k-€10k€-24k€7k€25k▲ 250%
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 203% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€77k▼ 9.0%
Current assets
€48k▲ 72.4%
Equity and liabilities €125k
Equity
€36k▲ 237%
Debt
€90k▼ 12.3%
The debt ratio falls from 90.6% to 71.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2024 · €17k
Cash flow
€33k▲
2024 · €15k
Solvency
28.5%▲
2024 · 9.4%
Current ratio
0.99▲
2024 · 0.41
Quick ratio
0.68▲
2024 · 0.20
Debt / equity
2.51▼
2024 · 9.62
ROE
70.3%▲
2024 · 67.5%
ROA
20.0%▲
2024 · 6.4%
Interest coverage
14.70▲
2024 · 7.75
Debt
€90k▼
2024 · €102k
Debt ≤ 1 year
€49k▼
2024 · €68k
Debt > 1 year
€23k▼
2024 · €34k
Staff costs
€92k▲
2024 · €86k
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€113k€125k▲
Fixed assets21/28€85k€77k▼
Tangible fixed assets22/27€85k€77k▼
Land and buildings22€73k€68k▼
Other tangible fixed assets26€12k€9k▼
Current assets29/58€28k€48k▲
Stocks and contracts in progress3€15k€15k▲
Stocks30/36€15k€15k▲
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€6k€586▼
Other amounts receivable41€394€3k▲
Cash at bank and in hand54/58€5k€28k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€113k€125k▲
Equity10/15€11k€36k▲
Contributions10/11€20k€20k=
Reserves13€56k€56k=
Distributable reserves133€56k€56k=
Profit (loss) carried forward14€-66k€-41k▲
Amounts payable17/49€102k€90k▼
Amounts payable after more than one year17€34k€23k▼
Financial debts170/4€34k€23k▼
Amounts payable within one year42/48€68k€49k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€12k-
Credit institutions430/8€12k-
Trade debts44€13k€11k▼
Suppliers440/4€13k€11k▼
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9€10k€11k▲
Other amounts payable47/48€21k€11k▼
Accrued charges and deferred income492/3-€18k
Income statement
Code20242025
Remuneration, social security and pensions62€86k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€869€960▲
Non-recurring operating charges66A€148€77▼
Gross operating margin9900€103k€128k▲
Operating profit (loss)9901€9k€27k▲
Financial income75/76B€236-
Recurring financial income75€236-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€7k€25k▲
Profit (loss) for the period9904€7k€25k▲
Profit (loss) for the period to be appropriated9905€7k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-41k▲
Profit (loss) brought forward from the previous period14P€-73k€-66k▲
The notes to these accounts (5 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €25k ▲250%
Operating result €27k, net result €25k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Weakest financial yearnet €-24k ▼342%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Flobecq · 1 establishment unit since 1978
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.
Georges Jouretstraat 267880 FlobecqGround area
231 m²
Building footprint
71 m²
Parcel 51019C1259/00Z000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Georges Jouretstraat 26, 7880 Flobecq
since 19782.054.901.844
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51019C1259/00Z000 | Wallonia | 231 m² | 1 · 71 m² | - |
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
Puttemans Dirk
BE 0647.763.030
Halle · Eq €36k
V.P.E.
BE 0880.202.051
Opwijk · Eq €36k
Staes Renovatie
BE 1015.684.030
Evergem · Eq €36k
SMETS-VERVAECKE
BE 0719.409.804
Merchtem · Eq €36k
SOFITREND
BE 0434.807.844
Kortrijk · Eq €36k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,204 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-1978
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
43221Plumbing work
45332
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 47 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.