MARBO
ActiveMARBO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €13k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 31% of 4488 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+2
Solvency45▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.05 in 2024; short-term debt: 53.2% and cash: 3.4% of total assets), and 79.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
20.4%
Return on assets
3.3%
Age of the figures
12 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 €80k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-02-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
on the day
2023
on the day
2022
30 d early
2021
33 d early
2020
46 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▲ 16.1%
2024 · €69k
2018: €92k
2019: €69k
2020: €74k
2021: €74k
2022: €69k
2023: €67k
2024: €69k
2018 → 2025
Total assets
€392k▲ 39.2%
2024 · €282k
2018: €175k
2019: €240k
2020: €267k
2021: €316k
2022: €205k
2023: €275k
2024: €282k
2018 → 2025
Net result
€13k▲ 197%
2024 · €4k
2018: €63k
2019: €7k
2020: €5k
2021: €16k
2022: €-6k
2023: €-2k
2024: €4k
2018 → 2025
Working capital
€4k▼ 42.6%
2024 · €7k
2018: €70k
2019: €18k
2020: €29k
2021: €23k
2022: €8k
2023: €24k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€69k▼ 7.8%€67k▼ 2.4%€69k▲ 3.0%€80k▲ 16.1%
Operating result€24k-€-4k€4k€12k▲ 187%€23k▲ 101%
Net result€16k-€-6k€-2k▲ 71.1%€4k€13k▲ 197%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 101% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392k
Fixed assets
€179k▲ 29.5%
Current assets
€213k▲ 48.5%
Equity and liabilities €392k
Equity
€80k▲ 16.1%
Debt
€312k▲ 46.6%
The debt ratio rises from 75.5% to 79.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79k▲
2024 · €50k
Cash flow
€68k▲
2024 · €43k
Solvency
20.4%▼
2024 · 24.5%
Current ratio
1.02▼
2024 · 1.05
Quick ratio
1.02▼
2024 · 1.05
Debt / equity
3.89▲
2024 · 3.08
ROE
16.0%▲
2024 · 6.3%
ROA
3.3%▲
2024 · 1.5%
Interest coverage
9.93▼
2024 · 11.00
Debt
€312k▲
2024 · €213k
Debt ≤ 1 year
€209k▲
2024 · €136k
Debt > 1 year
€102k▲
2024 · €77k
Income taxes
€4k▲
2024 · €3k
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€282k€392k▲
Fixed assets21/28€138k€179k▲
Tangible fixed assets22/27€138k€179k▲
Plant, machinery and equipment23€2k€9k▲
Furniture and vehicles24€136k€170k▲
Financial fixed assets28€270€270=
Current assets29/58€143k€213k▲
Amounts receivable within one year40/41€79k€190k▲
Trade receivables40€79k€187k▲
Other amounts receivable41€200€3k▲
Cash at bank and in hand54/58€50k€13k▼
Deferred charges and accrued income490/1€15k€9k▼
Equity and liabilities
Total equity and liabilities10/49€282k€392k▲
Equity10/15€69k€80k▲
Contributions10/11€13k€13k=
Reserves13€56k€67k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€56k€67k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€213k€312k▲
Amounts payable after more than one year17€77k€102k▲
Financial debts170/4€77k€102k▲
Amounts payable within one year42/48€136k€209k▲
Current portion of amounts payable after more than one year42€50k€52k▲
Trade debts44€59k€125k▲
Suppliers440/4€59k€125k▲
Taxes, remuneration and social security45€22k€12k▼
Taxes450/3€22k€9k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€6k€20k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€55k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€10k▲
Non-recurring operating charges66A€828-
Gross operating margin9900€56k€89k▲
Operating profit (loss)9901€12k€23k▲
Financial income75/76B€234€887▲
Recurring financial income75€234€887▲
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€7k€16k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€4k€13k▲
Profit (loss) for the period to be appropriated9905€4k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€13k▲
Transfer from equity791/2€2k-
Transfer to equity691/2€4k€11k▲
To other reserves6921€4k€11k▲
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
The notes to these accounts (7 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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-6k ▼137%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oudenaarde · 1 establishment unit since 2002
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.
Arsenaalweg 559700 OudenaardeGround area
458 m²
Building footprint
116 m²
Volume, LiDAR
627 m³
Parcel 45502B0768/00X002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARBO
since 20022.114.432.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502B0768/00X002 | Flanders | 458 m² | 1 · 116 m² | 9.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 3,283 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
| 2022 | 1 | 283 EUR | 0 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,196. 6,273 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2002
Fiscal year end30-09
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.