Marc Nordin Associates
InactiveInactive since 02-09-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed on 27-08-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 €-11k
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
57 d late
2023
27 d early
2022
52 d late
2021
64 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
€91k
EBIT margin
49.3%
Net result
€-11k▲ 80.8%
2024 · €-56k
2018: €66k
2019: €41k
2020: €52k
2021: €56k
2022: €123k
2023: €53k
2024: €-56k
2018 → 2025
Working capital
€346k▼ 9.3%
2024 · €381k
2018: €100k
2019: €117k
2020: €172k
2021: €232k
2022: €377k
2023: €438k
2024: €381k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€235k-€359k▲ 52.4%€412k▲ 14.9%€356k▼ 13.5%€346k▼ 3.0%
Operating result€86k-€177k▲ 106%€75k▼ 57.4%€-59k€-47k▲ 21.2%
Net result€56k-€123k▲ 120%€53k▼ 56.7%€-56k€-11k▲ 80.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47k in 2025 against €59k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €356k
Equity
€346k ▼ 3.0%
Provisions
€0 ▼ 100%
Debt
€10k ▼ 29.1%
Debt's share of the balance-sheet total falls from 3.7% to 2.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-47k▲
2024 · €-58k
Cash flow
€-11k▲
2024 · €-55k
Current ratio
34.37▲
2024 · 28.95
Debt to equity
0.03▼
2024 · 0.04
ROE
-3.1%▲
2024 · -15.6%
ROA
-3.0%▲
2024 · -14.0%
Interest coverage
-29.14▼
2024 · -16.80
Debt ≤ 1 year
€10k▼
2024 · €14k
Income taxes
€11k▲
2024 · €386
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€397k€356k▼
Fixed assets21/28€2k€0▼
Tangible fixed assets22/27€2k€0▼
Plant, machinery and equipment23€2k€0▼
Current assets29/58€395k€356k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€16k€39k▲
Trade receivables40€13k€20k▲
Other amounts receivable41€3k€19k▲
Current investments50/53€311k€0▼
Cash at bank and in hand54/58€66k€318k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€397k€356k▼
Equity10/15€356k€346k▼
Contributions10/11€100k€100k=
Reserves13€302k€246k▼
Tax-exempt reserves132€78k€0▼
Distributable reserves133€225k€246k▲
Profit (loss) carried forward14€-46k€0▲
Provisions and deferred taxes16€26k€0▼
Deferred taxes168€26k€0▼
Amounts payable17/49€15k€10k▼
Amounts payable within one year42/48€14k€10k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€9€3k▲
Taxes450/3€9€3k▲
Other amounts payable47/48€12k€0▼
Accrued charges and deferred income492/3€980€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€979€0▼
Other operating charges640/8€1k€4k▲
Non-recurring operating charges66A-€496
Gross operating margin9900€-57k€-43k▲
Operating profit (loss)9901€-59k€-47k▲
Financial income75/76B€7k€23k▲
Recurring financial income75€7k€23k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-55k€-25k▲
Transfer from deferred taxes780-€26k
Income taxes67/77€386€11k▲
Profit (loss) for the period9904€-56k€-11k▲
Transfer from tax-exempt reserves789-€78k
Profit (loss) for the period to be appropriated9905€-56k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€21k▲
Profit (loss) brought forward from the previous period14P-€-46k
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€0€21k▲
To other reserves6921€0€21k▲
The notes to these accounts (8 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
04-09
State Gazette act
Resignations & appointments · End & cessation · MiscellaneousResignation: Marc Nordin (director) · Dissolution · Liquidation9 facts ▸
State Gazette act
Resignations & appointments · End & cessation · Miscellaneous
Resignation: Marc Nordin (director) · Dissolution · Liquidation9 facts ▸
- General meeting, 27-08-2026
- Dissolution, 27-08-2026
- Liquidation, 27-08-2026
- Liquidation closure, 27-08-2026
- Director resignation, Marc Nordin (director)
- Director discharge, Marc Nordin
- Power of attorney, Moore Audit
- Debt commitment, eventuele schulden ten aanzien van de Vennootschap, van welke aard ook, die in de toekomst aan het licht zouden komen, op eerste verzoek van de schuldeisers te…
- Balance sheet, 30-06-2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €-56k ▼204%
Net result drops to €-56k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 27.80
Current ratio from 7.79 to 27.80; short-term debt falls from €56k to €16k.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Highest result since 2018net €123k ▲120%
Operating result €177k, net result €123k, both a record.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
31-12
Financial
Equity above €200kEq €235k ▲31.2%
4 profitable years in a row build equity to €235k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €179k ▲40.4%
3 profitable years in a row build equity to €179k.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Equity above €100kEq €128k ▲47%
2 profitable years in a row build equity to €128k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-08-2026
Resigned as Director
Location & real-estate footprint
Registered office, Gent
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.
Jules Van Biesbroeckstraat 1319050 GentGround area
9,133 m²
Building footprint
148 m²
Volume, LiDAR
945 m³
Parcel 44022A0089/00E002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0089/00E002 | Flanders | 9,133 m² | 1 · 148 m² | 9.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400H6KLPVB94XB957
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Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 1,276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-1994
Fiscal year end31-12
Abbreviation NL
M.N.A.
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.