Marcade
ActiveMarcade has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.38M and a net result of €-2k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-42
Solvency100=
Growth70▼-3
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 3.76 in 2024), and 36.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 91
Relative position
BE, all sectors
reference
Sector 91
lower
← fewer bankruptcies
more bankruptcies →
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
63.8%
Return on assets
0%
Age of the figures
8 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 02-06-2026, 59 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
59 d early
2024
34 d early
2023
15 d early
2022
26 d early
2021
19 d early
2020
11 d early
2019
70 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.13M▼ 9.7%
2024 · €1.25M
2018: €721k
2019: €743k
2020: €846k
2021: €906k
2022: €1.14M
2023: €1.26M
2024: €1.25M
2018 → 2025
EBIT margin
6.7%▼ 49.0pp
2024 · 55.7%
2018: -15.5%
2019: 18.8%
2020: 24.8%
2021: 130.6%
2022: 30.9%
2023: 35.5%
2024: 55.7%
2018 → 2025
Net result
€-2k
2024 · €615k
2018: €-267k
2019: €544
2020: €71k
2021: €1.05M
2022: €232k
2023: €349k
2024: €615k
2018 → 2025
Working capital
€847k▼ 44.7%
2024 · €1.53M
2018: €487k
2019: €19k
2020: €-448k
2021: €427k
2022: €693k
2023: €709k
2024: €1.53M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€906k-€1.14M▲ 26.0%€1.26M▲ 10.4%€1.25M▼ 1.2%€1.13M▼ 9.7%
Equity€5.33M-€5.53M▲ 3.7%€5.84M▲ 5.7%€6.42M▲ 9.9%€6.38M▼ 0.6%
Operating result€1.18M-€353k▼ 70.2%€448k▲ 26.7%€694k▲ 55.0%€75k▼ 89.2%
Net result€1.05M-€232k▼ 78.0%€349k▲ 50.2%€615k▲ 76.4%€-2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.00M
Fixed assets
€8.35M▲ 2.5%
Current assets
€1.65M▼ 21.1%
Equity and liabilities €10.00M
Equity
€6.38M▼ 0.6%
Provisions
€404k=
Debt
€3.21M▼ 5.9%
The debt ratio falls from 33.3% to 32.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€746k▼
2024 · €1.38M
Cash flow
€669k▼
2024 · €1.30M
Solvency
63.8%▲
2024 · 62.7%
Current ratio
2.06▼
2024 · 3.76
Quick ratio
2.06▼
2024 · 3.76
Debt / equity
0.50▼
2024 · 0.53
ROE
0.0%▼
2024 · 9.6%
ROA
0.0%▼
2024 · 6.0%
Interest coverage
8.18▼
2024 · 13.45
Debt
€3.21M▼
2024 · €3.41M
Debt ≤ 1 year
€799k▲
2024 · €556k
Debt > 1 year
€2.41M▼
2024 · €2.85M
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€10.23M€10.00M▼
Fixed assets21/28€8.15M€8.35M▲
Tangible fixed assets22/27€8.15M€8.35M▲
Land and buildings22€7.77M€7.09M▼
Assets under construction and advance payments27€380k€1.25M▲
Current assets29/58€2.09M€1.65M▼
Amounts receivable within one year40/41€538k€227k▼
Trade receivables40€11-
Other amounts receivable41€537k€227k▼
Current investments50/53-€750k
Cash at bank and in hand54/58€1.55M€646k▼
Deferred charges and accrued income490/1€2k€23k▲
Equity and liabilities
Total equity and liabilities10/49€10.23M€10.00M▼
Equity10/15€6.42M€6.38M▼
Contributions10/11€4.05M€4.05M=
Capital10€4.05M€4.05M=
Profit (loss) carried forward14€2.05M€2.05M▼
Investment grants15€318k€282k▼
Provisions and deferred taxes16€404k€404k=
Provisions for liabilities and charges160/5€404k€404k=
Major repairs and maintenance162€404k€404k=
Amounts payable17/49€3.41M€3.21M▼
Amounts payable after more than one year17€2.85M€2.41M▼
Financial debts170/4€2.75M€2.41M▼
Other amounts payable178/9€100k-
Amounts payable within one year42/48€556k€799k▲
Current portion of amounts payable after more than one year42€546k€444k▼
Trade debts44€9k€355k▲
Suppliers440/4€9k€355k▲
Accrued charges and deferred income492/3€182-
Income statement
Code20242025
Turnover70€1.25M€1.13M▼
Non-recurring operating income76A€157k-
Goods, raw materials, services and sundry goods60/61€50k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€682k€671k▼
Other operating charges640/8€22k€28k▲
Non-recurring operating charges66A-€310k
Gross operating margin9900€1.40M€1.08M▼
Operating profit (loss)9901€694k€75k▼
Financial income75/76B€23k€14k▼
Recurring financial income75€23k€14k▼
Financial charges65/66B€102k€91k▼
Recurring financial charges65€102k€91k▼
Profit (loss) for the period before taxes9903€615k€-2k▼
Profit (loss) for the period9904€615k€-2k▼
Profit (loss) for the period to be appropriated9905€615k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.05M€2.05M▼
Profit (loss) brought forward from the previous period14P€1.44M€2.05M▲
The notes to these accounts (20 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.05M ▲1385%
Operating result €1.18M, net result €1.05M, both a record.
31-12
Financial
Liquidity times 6current ratio 1.30
Current ratio from 0.22 to 1.30.
31-12
Financial
Equity above €5MEq €5.33M ▲23.6%
3 profitable years in a row build equity to €5.33M.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
31-12
Financial
Back to profitnet €544
Net result €544 after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortrijk
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.
Kloosterstraat(Mar) 278510 KortrijkGround area
5,052 m²
Building footprint
2,227 m²
Volume, LiDAR
16,087 m³
Parcel 34026A0436/00T000, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0436/00T000 | Flanders | 5,052 m² | 1 · 2,227 m² | 15.4 m · 3 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 167 companies in sector 91420 we hold annual accounts for 89. 42 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded03-07-2017
Fiscal year end31-12
Activities, NACEBEL
91042Libraries, archives, museums and other cultural activities
91420Libraries, archives, museums and other cultural activities
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.