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MARBOS

Active
Public limited companyfounded 199729 yrs activeMechelseweg 64, 1880 Kapelle-op-den-Bos, BelgiumKBO/BCE: BE 0460.991.213
Summary

MARBOS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€510,594) and a net result of -€16,285. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 5% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-19
Solvency0=
Growth53▲+18
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.0 in 2024; cash: 76.5% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Return on assets
-135.1%
Age of the figures
16 mo
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
highest failure risk from 2 to 8 years 29 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€510,594
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 17-12-2025, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 d early
2024
21 d early
2023
12 d early
2022
4 d late
2021
5 d late
2020
18 d late
2019
27 d early
← 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 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 19 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-05-2026 close29-09-2026 today31-12-2026 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

History

MARBOS was incorporated on 1 July 1997.1 Revenue grew from EUR 214,334 in 2019 to EUR 259,414 in 2025 and headcount from 2.8 to 2.5 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€259,414▲ 7.3%
2024 · €241,680
EBIT margin
-1.7%▲ 37.2pp
2024 · -38.9%
Net result
-€16,285▲ 87.5%
2024 · -€130,459
Working capital
-€465,022▲ 74.3%
2024 · -€1.8m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€218,842▲ 1.3%€221,900▲ 1.4%€224,548▲ 1.2%€241,680▲ 7.6%€259,414▲ 7.3%
Operating result-€25,845▲ 7.1%-€29,847▼ 15.5%-€44,185▼ 48.0%-€94,044▼ 113%-€4,463▲ 95.3%
Net result-€47,341below the sector's middle half▲ 4.2%-€52,100below the sector's middle half▼ 10.1%-€80,065below the sector's middle half▼ 53.7%-€130,459below the sector's middle half▼ 62.9%-€16,285below the sector's middle half▲ 87.5%
EBIT margin-11.8%▲ 1.1pp-13.5%▼ 1.6pp-19.7%▼ 6.2pp-38.9%▼ 19.2pp-1.7%▲ 37.2pp
Equity-€231,684below the sector's middle half▼ 25.7%-€283,785below the sector's middle half▼ 22.5%-€363,850below the sector's middle half▼ 28.2%-€494,309below the sector's middle half▼ 35.9%-€510,594below the sector's middle half▼ 3.3%
Total assets€1.8mwithin the sector's middle half▲ 0.4%€1.8mwithin the sector's middle half▼ 0.7%€1.8mwithin the sector's middle half▲ 0.5%€1.8mwithin the sector's middle half▼ 0.4%€12,052below the sector's middle half▼ 99.3%
Debt€2.0m▲ 2.7%€2.1m▲ 2.0%€2.2m▲ 4.3%€2.3m▲ 5.7%€522,646▼ 77.1%
Working capital-€1.6mbelow the sector's middle half▼ 3.0%-€1.6mbelow the sector's middle half▼ 3.2%-€1.7mbelow the sector's middle half▼ 4.1%-€1.8mbelow the sector's middle half▼ 7.6%-€465,022below the sector's middle half▲ 74.3%
Solvency-12.9%below the sector's middle half▼ 2.6pp-15.9%below the sector's middle half▼ 3.0pp-20.2%below the sector's middle half▼ 4.4pp-27.6%below the sector's middle half▼ 7.4pp
Current ratio0.01below the sector's middle half=0.00below the sector's middle half▼ 0.010.01below the sector's middle half▲ 0.010.00below the sector's middle half=0.03below the sector's middle half▲ 0.02
Return on assets (ROA)-2.6%below the sector's middle half▲ 0.1pp-2.9%below the sector's middle half▼ 0.3pp-4.5%below the sector's middle half▼ 1.5pp-7.3%below the sector's middle half▼ 2.8pp-135.1%below the sector's middle half▼ 127.8pp
Staff (FTE)2.8within the sector's middle half=2.8within the sector's middle half=2.8within the sector's middle half=2.9within the sector's middle half▲ 3.6%2.5within the sector's middle half▼ 13.8%
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: -€25,845-€25,845Net result 2021: -€47,341-€47,341Operating result 2022: -€29,847-€29,847Net result 2022: -€52,100-€52,100Operating result 2023: -€44,185-€44,185Net result 2023: -€80,065-€80,065Operating result 2024: -€94,044-€94,044Net result 2024: -€130,459-€130,459Operating result 2025: -€4,463-€4,463Net result 2025: -€16,285-€16,28520212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€44,185-€44,200Net result 2023: -€80,065-€80,100Operating result 2024: -€94,044-€94,000Net result 2024: -€130,459-€130,000Operating result 2025: -€4,463-€4,460Net result 2025: -€16,285-€16,300202320242025
The operating result stays negative: a loss of €4,463 in 2025 against €94,044 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-1.02▲
2024 · -4.62
Debt ≤ 1 year
€477,073▼
2024 · €1.8m
Income taxes
€393▼
2024 · €426
Staff costs
€245,952▼
2024 · €272,931
A ratio outside any meaningful range has been withheld (balance sheet total €12,052, equity -€510,594).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.6% went bankrupt
10.0% stopped otherwise
84% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,622 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€12,052▼
Fixed assets21/28€1.8m-
Financial fixed assets28€1.8m-
Affiliated companies280/1€1.8m-
Participating interests280€1.8m-
Current assets29/58€2,049€12,052▲
Amounts receivable within one year40/41€10€1,154▲
Other amounts receivable41€10€1,154▲
Cash at bank and in hand54/58€1,325€9,222▲
Deferred charges and accrued income490/1€714€1,676▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€12,052▼
Equity10/15-€494,309-€510,594▼
Contributions10/11€123,947€123,947=
Capital10€123,947€123,947=
Issued capital100€123,947€123,947=
Reserves13€22,490€22,490=
Non-distributable reserves130/1€22,490€22,490=
Legal reserve130€22,490€22,490=
Profit (loss) carried forward14-€640,746-€657,031▼
Amounts payable17/49€2.3m€522,646▼
Amounts payable after more than one year17€410,490-
Financial debts170/4€410,490-
Other loans174€410,490-
Amounts payable within one year42/48€1.8m€477,073▼
Trade debts44€410,506€335,527▼
Suppliers440/4€410,506€335,527▼
Taxes, remuneration and social security45€53,529€43,493▼
Taxes450/3€8,463€8,278▼
Remuneration and social security454/9€45,067€35,215▼
Other amounts payable47/48€1.3m€98,053▼
Accrued charges and deferred income492/3€64,185€45,573▼
Income statement Code20242025
Operating income70/76A€246,035€267,869▲
Turnover70€241,680€259,414▲
Other operating income74€4,355€8,455▲
Operating charges60/66A€340,079€272,332▼
Services and other goods61€19,341€25,401▲
Remuneration, social security and pensions62€272,931€245,952▼
Other operating charges640/8€965€979▲
Non-recurring operating charges66A€46,843-
Operating profit (loss)9901-€94,044-€4,463▲
Financial income75/76B-€953
Recurring financial income75-€953
Income from current assets751-€953
Financial charges65/66B€35,989€12,382▼
Recurring financial charges65€35,989€12,382▼
Debt charges650€35,932€12,326▼
Other financial charges652/9€57€56▼
Profit (loss) for the period before taxes9903-€130,033-€15,892▲
Income taxes67/77€426€393▼
Taxes670/3€426€393▼
Profit (loss) for the period9904-€130,459-€16,285▲
Profit (loss) for the period to be appropriated9905-€130,459-€16,285▲
Appropriation of the result
Profit (loss) to be appropriated9906-€640,746-€657,031▼
Profit (loss) brought forward from the previous period14P-€510,286-€640,746▼
Social balance
Average headcount (FTE)90872.92.5▼

The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€226,329€228,850€246,035€267,869▲ 8.9%
Turnover70€218,842€221,900€224,548€241,680€259,414▲ 7.3%
Other operating income74-€4,428€4,302€4,355€8,455▲ 94.1%
Operating charges60/66A-€256,176€273,035€340,079€272,332▼ 19.9%
Services and other goods61-€18,101€19,245€19,341€25,401▲ 31.3%
Remuneration, social security and pensions62-€237,207€252,883€272,931€245,952▼ 9.9%
Other operating charges640/8-€868€906€965€979▲ 1.4%
Non-recurring operating charges66A---€46,843--
Operating profit (loss)9901-€25,845-€29,847-€44,185-€94,044-€4,463▲ 95.3%
Financial income75/76B--€6-€953-
Recurring financial income75€3-€6-€953-
Income from current assets751----€953-
Other financial income752/9--€6---
Financial charges65/66B-€21,854€35,463€35,989€12,382▼ 65.6%
Recurring financial charges65€21,212€21,854€35,463€35,989€12,382▼ 65.6%
Debt charges650€21,158€21,776€35,397€35,932€12,326▼ 65.7%
Other financial charges652/9-€78€66€57€56▼ 1.3%
Profit (loss) for the period before taxes9903-€47,055-€51,701-€79,642-€130,033-€15,892▲ 87.8%
Income taxes67/77€286€399€423€426€393▼ 7.8%
Taxes670/3-€399€423€426€393▼ 7.8%
Profit (loss) for the period9904-€47,341-€52,100-€80,065-€130,459-€16,285▲ 87.5%
Profit (loss) for the period to be appropriated9905-€47,341-€52,100-€80,065-€130,459-€16,285▲ 87.5%
Line20212022202320242025Change
Assets
Total assets20/58€1.8m€1.8m€1.8m€1.8m€12,052▼ 99.3%
Fixed assets21/28€1.8m€1.8m€1.8m€1.8m--
Financial fixed assets28€1.8m€1.8m€1.8m€1.8m--
Affiliated companies280/1-€1.8m€1.8m€1.8m--
Participating interests280-€1.8m€1.8m€1.8m--
Current assets29/58€13,396€1,187€9,852€2,049€12,052▲ 488%
Amounts receivable within one year40/41--€65€10€1,154▲ 11,661%
Trade receivables40--€65---
Other amounts receivable41---€10€1,154▲ 11,661%
Cash at bank and in hand54/58€11,764€562€9,138€1,325€9,222▲ 596%
Deferred charges and accrued income490/1-€625€649€714€1,676▲ 135%
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.8m€1.8m€1.8m€12,052▼ 99.3%
Equity10/15-€231,684-€283,785-€363,850-€494,309-€510,594▼ 3.3%
Contributions10/11€123,947€123,947€123,947€123,947€123,947=
Capital10-€123,947€123,947€123,947€123,947=
Issued capital100-€123,947€123,947€123,947€123,947=
Reserves13€22,490€22,490€22,490€22,490€22,490=
Non-distributable reserves130/1-€22,490€22,490€22,490€22,490=
Legal reserve130-€22,490€22,490€22,490€22,490=
Profit (loss) carried forward14-€378,121-€430,221-€510,286-€640,746-€657,031▼ 2.5%
Amounts payable17/49€2.0m€2.1m€2.2m€2.3m€522,646▼ 77.1%
Amounts payable after more than one year17€410,490€410,490€410,490€410,490--
Financial debts170/4-€410,490€410,490€410,490--
Other loans174-€410,490€410,490€410,490--
Amounts payable within one year42/48€1.6m€1.6m€1.7m€1.8m€477,073▼ 73.6%
Trade debts44€270,544€293,412€355,454€410,506€335,527▼ 18.3%
Suppliers440/4-€293,412€355,454€410,506€335,527▼ 18.3%
Taxes, remuneration and social security45-€57,689€58,834€53,529€43,493▼ 18.7%
Taxes450/3-€13,250€8,368€8,463€8,278▼ 2.2%
Remuneration and social security454/9-€44,439€50,466€45,067€35,215▼ 21.9%
Other amounts payable47/48-€1.3m€1.3m€1.3m€98,053▼ 92.7%
Accrued charges and deferred income492/3-€46,961€61,118€64,185€45,573▼ 29.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€47,341-€52,100-€80,065-€130,459-€16,285▲ 87.5%
Operating cash flow (approximation)-€47,341-€52,100-€80,065-€130,459-€16,285▲ 87.5%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€11,202€8,576-€7,813€7,897▲ 201%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-12-2026
2025
17-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2024
10-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema
31-05
Financial Weakest financial yearnet -€130,459
Net result drops to -€130,459, the lowest in the series; recovery starts the following year.
2023
19-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema
04-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
05-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
18-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2019
04-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema
09-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 9 days late
2018
04-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 4 days late
2016
01-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Kapelle-op-den-Bos · 1 establishment unit since 1997
seat establishment The establishment unit on the map
Ground area
2,764 m²
Building footprint
539 m²
Volume, LiDAR
2,191 m³
Parcel 23039A0048/00G002, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MARBOS
Mechelseweg 64, 1880 Kapelle-op-den-BosInsurance, reinsurance and pension funding, except compulsory social security
since 19972.082.729.065
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23039A0048/00G002 Flanders 2,764 m² 1 · 539 m² 5.9 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-05-2024 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 31-05-2024 of MARBOS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 3,843 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded01-07-1997
Fiscal year end31-05
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0460991213
Also 9925:BE0460991213
Registered 20-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.