MARC KEIRSE
ActiveMARC KEIRSE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597k and a net result of €58k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
80
/ 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
Profitability77=
Solvency96▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.2 in 2024; short-term debt: 29% and cash: 26.6% of total assets), and 29% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
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
71%
Return on assets
6.9%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
34 d early
2023
7 d late
2022
21 d late
2021
5 d early
2020
3 d early
2019
42 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€58k▲ 18.7%
2024 · €49k
2018: €21k
2019: €28k
2020: €20k
2021: €42k
2022: €45k
2023: €34k
2024: €49k
2018 → 2025
Working capital
€346k▲ 20.4%
2024 · €288k
2018: €53k
2019: €84k
2020: €110k
2021: €153k
2022: €169k
2023: €221k
2024: €288k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€411k-€456k▲ 11.0%€491k▲ 7.6%€539k▲ 9.9%€597k▲ 10.7%
Operating result€68k-€69k▲ 1.7%€57k▼ 17.8%€78k▲ 37.6%€93k▲ 18.8%
Net result€42k-€45k▲ 7.5%€34k▼ 24.0%€49k▲ 41.2%€58k▲ 18.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €841k
Fixed assets
€251k▼ 0.3%
Current assets
€590k▲ 12.1%
Equity and liabilities €841k
Equity
€597k▲ 10.7%
Debt
€244k▲ 2.0%
The debt ratio falls from 30.7% to 29.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114k▲
2024 · €96k
Cash flow
€79k▲
2024 · €67k
Solvency
71.0%▲
2024 · 69.3%
Current ratio
2.42▲
2024 · 2.20
Quick ratio
2.42▲
2024 · 2.20
Debt / equity
0.41▼
2024 · 0.44
ROE
9.7%▲
2024 · 9.0%
ROA
6.9%▲
2024 · 6.3%
Interest coverage
14.04▲
2024 · 12.44
Debt
€244k▲
2024 · €239k
Debt ≤ 1 year
€244k▲
2024 · €239k
Income taxes
€28k▲
2024 · €23k
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€779k€841k▲
Fixed assets21/28€252k€251k▼
Tangible fixed assets22/27€252k€251k▼
Land and buildings22€228k€218k▼
Furniture and vehicles24€24k€33k▲
Current assets29/58€527k€590k▲
Amounts receivable within one year40/41€25k€24k▼
Trade receivables40€24k€20k▼
Other amounts receivable41€935€4k▲
Current investments50/53-€343k
Cash at bank and in hand54/58€502k€224k▼
Equity and liabilities
Total equity and liabilities10/49€779k€841k▲
Equity10/15€539k€597k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€521k€578k▲
Non-distributable reserves130/1€193k€249k▲
Legal reserve130€2k-
Other1319€191k€249k▲
Distributable reserves133€328k€329k▲
Amounts payable17/49€239k€244k▲
Amounts payable within one year42/48€239k€244k▲
Trade debts44€3k€750▼
Suppliers440/4€3k€750▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€232k€241k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€98k€116k▲
Operating profit (loss)9901€78k€93k▲
Financial income75/76B€1k€341▼
Recurring financial income75€1k€341▼
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€72k€85k▲
Income taxes67/77€23k€28k▲
Profit (loss) for the period9904€49k€58k▲
Profit (loss) for the period to be appropriated9905€49k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€58k▲
Transfer to equity691/2€49k€58k▲
To other reserves6921€49k€58k▲
The notes to these accounts (4 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €58k ▲18.7%
Operating result €93k, net result €58k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €539k ▲9.9%
7 profitable years in a row build equity to €539k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €20k ▼26.2%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
26-06
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
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, Maldegem · 1 establishment unit since 2000
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.
Zandakkers 179991 MaldegemGround area
809 m²
Building footprint
143 m²
Volume, LiDAR
718 m³
Parcel 43001H0329/00Y000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARC KEIRSE BVBA
since 20002.100.848.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001H0329/00Y000 | Flanders | 809 m² | 1 · 143 m² | 8.8 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.
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,658. 1,255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2000
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.