MARC VEREECKEN

Active

Private limited companyfounded 200224 yrs activePlace Pierre Delannoy 34, 7850 Enghien, BelgiumKBO/BCE: BE 0477.160.123

MARC VEREECKEN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-74k) and a net result of €-96k. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 13% of 786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

42 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability10=

Solvency20▼-7

Growth32=

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 2.25 against 3.48 in 2024; short-term debt: 28.6% and cash: 0% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

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

Solvency

-5.3%

Return on assets

-6.8%

Age of the figures

9 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 78

Relative position

BE, all sectors

reference

Sector 78

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €-74k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-07-2026, 10 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

10 d early

2024

31 d early

2023

7 d early

2022

4 d early

2021

26 d late

2020

27 d late

2019

61 d late

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€-74k

2024 · €22k

2018: €293k 2019: €372k 2020: €297k 2021: €299k 2022: €254k 2023: €122k 2024: €22k

2018 → 2025

Total assets

€1.41M▼ 0.9%

2024 · €1.43M

2018: €1.61M 2019: €1.59M 2020: €1.22M 2021: €1.14M 2022: €1.05M 2023: €913k 2024: €1.43M

2018 → 2025

Net result

€-96k▲ 4.6%

2024 · €-101k

2018: €34k 2019: €79k 2020: €-75k 2021: €2k 2022: €-45k 2023: €-132k 2024: €-101k

2018 → 2025

Working capital

€504k▼ 18.1%

2024 · €616k

2018: €451k 2019: €495k 2020: €174k 2021: €272k 2022: €241k 2023: €166k 2024: €616k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€299k-€254k▼ 15.0%€122k▼ 51.9%€22k▼ 82.2%€-74k

Operating result€17k-€-31k€-126k▼ 305%€-96k▲ 24.0%€-92k▲ 4.3%

Net result€2k-€-45k€-132k▼ 195%€-101k▲ 23.8%€-96k▲ 4.6%

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 €92k in 2025 against €96k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.41M

35.7%

64.3%

Fixed assets €504k▼ 10.3%

Current assets €908k▲ 5.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-34k▲

2024 · €-38k

Cash flow

€-38k▲

2024 · €-42k

Solvency

-5.3%▼

2024 · 1.5%

Current ratio

2.25▼

2024 · 3.48

Quick ratio

2.25▼

2024 · 3.48

Debt / equity

-20.04▼

2024 · 64.52

ROA

-6.8%▲

2024 · -7.1%

Interest coverage

-7.88▼

2024 · -7.77

Debt

€1.49M▲

2024 · €1.40M

Debt ≤ 1 year

€404k▲

2024 · €248k

Debt > 1 year

€1.08M▼

2024 · €1.16M

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€1.43M€1.41M▼

Fixed assets21/28€561k€504k▼

Tangible fixed assets22/27€561k€504k▼

Land and buildings22€27k€23k▼

Leasing and similar rights25€457k€409k▼

Other tangible fixed assets26€77k€71k▼

Current assets29/58€864k€908k▲

Amounts receivable within one year40/41€292k€326k▲

Trade receivables40€89k€123k▲

Other amounts receivable41€203k€203k▲

Current investments50/53€565k€582k▲

Cash at bank and in hand54/58€7k€189▼

Equity and liabilities

Total equity and liabilities10/49€1.43M€1.41M▼

Equity10/15€22k€-74k▼

Contributions10/11€419k€419k=

Reserves13€12k€12k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€10k€10k=

Profit (loss) carried forward14€-408k€-504k▼

Amounts payable17/49€1.40M€1.49M▲

Amounts payable after more than one year17€1.16M€1.08M▼

Financial debts170/4€1.16M€1.08M▼

Amounts payable within one year42/48€248k€404k▲

Financial debts43€73k€73k=

Credit institutions430/8€73k€73k=

Trade debts44-€9k

Suppliers440/4-€9k

Other amounts payable47/48€175k€322k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€58k▼

Other operating charges640/8€3k€15k▲

Gross operating margin9900€-35k€-19k▲

Operating profit (loss)9901€-96k€-92k▲

Financial income75/76B€7-

Recurring financial income75€7-

Financial charges65/66B€5k€4k▼

Recurring financial charges65€5k€4k▼

Profit (loss) for the period before taxes9903€-101k€-96k▲

Profit (loss) for the period9904€-101k€-96k▲

Profit (loss) for the period to be appropriated9905€-101k€-96k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-408k€-504k▼

Profit (loss) brought forward from the previous period14P€-308k€-408k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

21-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

24-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-132k

Net result drops to €-132k, the lowest in the series; recovery starts the following year.

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

26-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 26 days late

2021

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 4.36

Current ratio from 1.98 to 4.36; short-term debt falls from €178k to €81k.

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

30-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 61 days late

2019

31-12

Financial Highest result since 2018net €79k ▲134%

Operating result €86k, net result €79k, both a record.

20-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

21-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2017

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.

22-11-2017 Resigned as Manager

Location & real-estate footprint

Registered office, Enghien · 1 establishment unit since 2016

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.

Place Pierre Delannoy 347850 Enghien

1 establishment unit

Place Pierre Delannoy 34, 7850 Enghien

Employment placement agencies

since 20162.281.628.951