MARC
ActiveSummary
MARC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €390k and a net result of €-18k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+1
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.15 in 2024; short-term debt: 3.1% and cash: 1% of total assets), and 7.4% of the assets are financed with debt.
Credit check for your own amount and term
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
92.6%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-18k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
35 d early
2022
30 d late
2021
31 d late
2020
30 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€390k▼ 4.5%
2024 · €409k
2018: €399k
2019: €477k▲ +19.5% vs 2018highest in 8 years
2020: €470k▼ -1.5% vs 2019
2021: €456k▼ -2.9% vs 2020
2022: €447k▼ -2.0% vs 2021
2023: €433k▼ -3.2% vs 2022
2024: €409k▼ -5.6% vs 2023
2025: €390k▼ -4.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€422k▼ 7.7%
2024 · €457k
2018: €586k
2019: €639k▲ +9.0% vs 2018
2020: €668k▲ +4.4% vs 2019highest in 8 years
2021: €616k▼ -7.7% vs 2020
2022: €536k▼ -13.0% vs 2021
2023: €499k▼ -6.8% vs 2022
2024: €457k▼ -8.5% vs 2023
2025: €422k▼ -7.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€-18k▲ 24.5%
2024 · €-24k
2018: €14k
2019: €78k▲ +461% vs 2018highest in 8 years
2020: €-7k▼ -109% vs 2019
2021: €-14k▼ -95.1% vs 2020
2022: €-9k▲ +32.7% vs 2021
2023: €-14k▼ -54.3% vs 2022
2024: €-24k▼ -68.6% vs 2023lowest in 8 years
2025: €-18k▲ +24.5% vs 2024
2018 → 2025
Working capital
€-9k▲ 61.2%
2024 · €-23k
2018: €-121klowest in 8 years
2019: €24k▲ +120% vs 2018highest in 8 years
2020: €-29k▼ -223% vs 2019
2021: €-39k▼ -32.8% vs 2020
2022: €-19k▲ +49.8% vs 2021
2023: €-29k▼ -50.7% vs 2022
2024: €-23k▲ +22.6% vs 2023
2025: €-9k▲ +61.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€456k-€447k▼ 2.0%€433k▼ 3.2%€409k▼ 5.6%€390k▼ 4.5%
2021: €456khighest in 5 years
2022: €447k▼ -2.0% vs 2021
2023: €433k▼ -3.2% vs 2022
2024: €409k▼ -5.6% vs 2023
2025: €390k▼ -4.5% vs 2024lowest in 5 years
Operating result€-16k-€-12k▲ 26.0%€-17k▼ 44.0%€-27k▼ 61.3%€-21k▲ 21.7%
2021: €-16k
2022: €-12k▲ +26.0% vs 2021highest in 5 years
2023: €-17k▼ -44.0% vs 2022
2024: €-27k▼ -61.3% vs 2023lowest in 5 years
2025: €-21k▲ +21.7% vs 2024
Net result€-14k-€-9k▲ 32.7%€-14k▼ 54.3%€-24k▼ 68.6%€-18k▲ 24.5%
2021: €-14k
2022: €-9k▲ +32.7% vs 2021highest in 5 years
2023: €-14k▼ -54.3% vs 2022
2024: €-24k▼ -68.6% vs 2023lowest in 5 years
2025: €-18k▲ +24.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €27k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422k
Fixed assets
€417k ▼ 7.8%
Current assets
€4k ▲ 11.2%
Equity and liabilities €422k
Equity
€390k ▼ 4.5%
Provisions
€18k ▼ 15.2%
Debt
€13k ▼ 50.6%
Debt's share of the balance-sheet total falls from 5.8% to 3.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14k▲
2024 · €8k
Cash flow
€17k▲
2024 · €11k
Current ratio
0.33▲
2024 · 0.15
Debt to equity
0.03▼
2024 · 0.07
ROE
-4.7%▲
2024 · -5.9%
ROA
-4.3%▲
2024 · -5.3%
Interest coverage
141.72▲
2024 · 91.68
Debt ≤ 1 year
€13k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€457k€422k▼
Fixed assets21/28€453k€417k▼
Tangible fixed assets22/27€453k€417k▼
Land and buildings22€451k€416k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€4k€4k▲
Cash at bank and in hand54/58€4k€4k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€457k€422k▼
Equity10/15€409k€390k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€347k€328k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€51k€43k▼
Distributable reserves133€289k€279k▼
Provisions and deferred taxes16€21k€18k▼
Deferred taxes168€21k€18k▼
Amounts payable17/49€27k€13k▼
Amounts payable within one year42/48€27k€13k▼
Trade debts44€54€381▲
Suppliers440/4€54€381▲
Other amounts payable47/48€27k€13k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€35k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€12k€18k▲
Operating profit (loss)9901€-27k€-21k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€86€99▲
Recurring financial charges65€86€99▲
Profit (loss) for the period before taxes9903€-27k€-22k▲
Transfer from deferred taxes780€3k€3k=
Profit (loss) for the period9904€-24k€-18k▲
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€-16k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-11k▲
Transfer from equity791/2€16k€11k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €32k | €33k | €35k | €35k | ▲ 0.5% |
| Other operating charges640/8 | €3k | €4k | €5k | €5k | €4k | ▼ 1.9% |
| Gross operating margin9900 | €18k | €25k | €20k | €12k | €18k | ▲ 48.9% |
| Operating profit (loss)9901 | €-16k | €-12k | €-17k | €-27k | €-21k | ▲ 21.7% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | €28 | €201 | €86 | €86 | €99 | ▲ 15.1% |
| Recurring financial charges65 | €28 | €201 | €86 | €86 | €99 | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €-16k | €-12k | €-17k | €-27k | €-22k | ▲ 21.6% |
| Transfer from deferred taxes780 | €2k | €3k | €3k | €3k | €3k | = |
| Profit (loss) for the period9904 | €-14k | €-9k | €-14k | €-24k | €-18k | ▲ 24.5% |
| Transfer from tax-exempt reserves789 | €5k | €6k | €6k | €8k | €8k | = |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-3k | €-8k | €-16k | €-11k | ▲ 36.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €616k | €536k | €499k | €457k | €422k | ▼ 7.7% |
| Fixed assets21/28 | €525k | €495k | €488k | €453k | €417k | ▼ 7.8% |
| Tangible fixed assets22/27 | €525k | €495k | €488k | €453k | €417k | ▼ 7.8% |
| Land and buildings22 | €525k | €495k | €485k | €451k | €416k | ▼ 7.8% |
| Furniture and vehicles24 | - | - | €3k | €2k | €2k | ▼ 25.1% |
| Current assets29/58 | €90k | €41k | €11k | €4k | €4k | ▲ 11.2% |
| Cash at bank and in hand54/58 | €90k | €40k | €11k | €4k | €4k | ▲ 11.2% |
| Deferred charges and accrued income490/1 | - | €339 | €113 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €616k | €536k | €499k | €457k | €422k | ▼ 7.7% |
| Equity10/15 | €456k | €447k | €433k | €409k | €390k | ▼ 4.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €394k | €385k | €371k | €347k | €328k | ▼ 5.3% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €72k | €65k | €59k | €51k | €43k | ▼ 15.2% |
| Distributable reserves133 | €317k | €314k | €306k | €289k | €279k | ▼ 3.6% |
| Provisions and deferred taxes16 | €30k | €27k | €25k | €21k | €18k | ▼ 15.2% |
| Deferred taxes168 | €30k | €27k | €25k | €21k | €18k | ▼ 15.2% |
| Amounts payable17/49 | €129k | €61k | €42k | €27k | €13k | ▼ 50.6% |
| Amounts payable within one year42/48 | €129k | €60k | €41k | €27k | €13k | ▼ 50.6% |
| Trade debts44 | €4k | €122 | €387 | €54 | €381 | ▲ 606% |
| Suppliers440/4 | €4k | €122 | €387 | €54 | €381 | ▲ 606% |
| Other amounts payable47/48 | €125k | €60k | €40k | €27k | €13k | ▼ 51.9% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-9k | €-14k | €-24k | €-18k | ▲ 24.5% |
| + Depreciation and write-downs630 | €31k | €32k | €33k | €35k | €35k | ▲ 0.5% |
| Operating cash flow (approximation) | €17k | €23k | €18k | €11k | €17k | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | €-2k | €-26k | €0 | €0 | - |
| Change in cash | - | €-50k | €-29k | €-7k | €438 | ▲ 106% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
31-12
Financial
Highest result since 2018net €78k ▲461%
Operating result €111k, net result €78k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.18
Current ratio from 0.35 to 1.18; short-term debt falls from €187k to €129k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Izegem · 1 establishment unit since 1984
Ground area
1,038 m²
Building footprint
217 m²
Volume, LiDAR
871 m³
Parcel 36008C0595/00X000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MARC NV
since 19842.023.865.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0595/00X000 | Flanders | 1,038 m² | 1 · 217 m² | 6.7 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
69209Other tax advisory services
Scores and ratios are computed by Checked and are not a credit decision.