MARBAL
Open bankruptcyA bankruptcy procedure is open for MARBAL according to publications in the Belgian State Gazette; curator: JOHAN BOGAERT. The 2024 annual accounts show negative equity (€-40k) and a net result of €-16k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-40k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-09-2025, 44 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
44 d late
2023
295 d late
2022
511 d late
2021
100 d late
2020
126 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-40k▼ 68.5%
2023 · €-24k
2019: €16k
2020: €44k
2021: €40k
2022: €38k
2023: €-24k
2019 → 2024
Total assets
€86k▼ 0.2%
2023 · €86k
2019: €99k
2020: €103k
2021: €94k
2022: €115k
2023: €86k
2019 → 2024
Net result
€-16k▲ 73.7%
2023 · €-62k
2019: €10k
2020: €28k
2021: €-4k
2022: €-1k
2023: €-62k
2019 → 2024
Working capital
€-65k▼ 6.5%
2023 · €-61k
2019: €1k
2020: €36k
2021: €37k
2022: €-11k
2023: €-61k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€44k-€40k▼ 9.9%€38k▼ 3.4%€-24k€-40k▼ 68.5%
Operating result€38k-€-3k€66€-61k€-13k▲ 77.7%
Net result€28k-€-4k€-1k▲ 69.0%€-62k▼ 4,511%€-16k▲ 73.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €61k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€24k▼ 34.0%
Current assets
€61k▲ 25.9%
Key figures and ratios
EBITDA
€-976▲
2023 · €-48k
Cash flow
€-4k▲
2023 · €-50k
Solvency
-46.8%▼
2023 · -27.7%
Current ratio
0.48▲
2023 · 0.44
Quick ratio
0.23▼
2023 · 0.44
Debt / equity
-3.14▲
2023 · -4.61
ROA
-19.0%▲
2023 · -72.1%
Interest coverage
-0.33▲
2023 · -37.46
Debt
€127k▲
2023 · €110k
Debt ≤ 1 year
€127k▲
2023 · €110k
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€86k€86k▼
Formation expenses20€981€736▼
Fixed assets21/28€37k€24k▼
Tangible fixed assets22/27€37k€24k▼
Plant, machinery and equipment23€1k€691▼
Furniture and vehicles24€35k€24k▼
Current assets29/58€49k€61k▲
Stocks and contracts in progress3-€32k
Stocks30/36-€32k
Amounts receivable within one year40/41€36k€18k▼
Trade receivables40€22k€9k▼
Other amounts receivable41€14k€8k▼
Cash at bank and in hand54/58€12k€12k=
Equity and liabilities
Total equity and liabilities10/49€86k€86k▼
Equity10/15€-24k€-40k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-32k€-48k▼
Amounts payable17/49€110k€127k▲
Amounts payable within one year42/48€110k€127k▲
Current portion of amounts payable after more than one year42€43k€31k▼
Financial debts43€13k€12k▼
Credit institutions430/8€13k€12k▼
Trade debts44€42k€68k▲
Suppliers440/4€42k€68k▲
Taxes, remuneration and social security45€12k€16k▲
Taxes450/3€7k€15k▲
Remuneration and social security454/9€5k€708▼
Accrued charges and deferred income492/3€315-
Income statement
Code20232024
Non-recurring operating income76A-€315
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€541€5k▲
Non-recurring operating charges66A€245€245=
Gross operating margin9900€-47k€4k▲
Operating profit (loss)9901€-61k€-13k▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-62k€-16k▲
Income taxes67/77€567-
Profit (loss) for the period9904€-62k€-16k▲
Profit (loss) for the period to be appropriated9905€-62k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-48k▲
Profit (loss) brought forward from the previous period14P€-6k€-32k▼
Transfer from equity791/2€36k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · MARBAL BV LEEUWERIKEN- LAAN 24, 9320 EREMBODEGEM · event 24-06-2026
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 44 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 295 days late
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 511 days late
2023
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 100 days late
2021
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 126 days late
2020
31-12
Financial
Highest result since 2019net €28k ▲171%
Operating result €38k, net result €28k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 2019
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.
Leeuwerikenlaan 249320 AalstGround area
352 m²
Building footprint
104 m²
Volume, LiDAR
11 m³
Parcel 41014A0128/00K000, Flanders · tallest building 1.9 m. Linked by address, not a title deed.
1 establishment unit
MARBAL
since 20192.284.066.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41014A0128/00K000 | Flanders | 352 m² | 1 · 104 m² | 1.9 m |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
24-06-2026 → present |
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 427 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2019
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46180Agents specialised in the wholesale of other particular products
46500Wholesale of information and communication equipment
46520Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.
Contact details
1 entryPhone:000000000