Marcel
ActiveSummary
Marcel has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,380 and a net result of €17,321. Equity is growing by about 51% per year across the filed financial years. Its solvency ranks better than 92% of 22,595 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €124,380
- Profit
- €17,321
Why 94raises riskSize: total assets €144,349lowers riskLiquidity: current ratio 7.11, cash €25,526Founded in 1997Equity €124,380 (86.2% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 92% on solvency, 76% on liquidity, 77% on profitability and 68% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Liquidity more than quadruplescurrent ratio 8.43
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 26% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,006 | €4,005 | €4,006 | €3,907 | €4,736 | €1,052 | €1,363 | ▲ 29.6% |
| Other operating charges640/8 | - | - | - | €1,235 | €795 | €583 | €866 | ▲ 48.4% |
| Gross operating margin9900 | €21,524 | €18,955 | €44,289 | €39,507 | €46,898 | €35,615 | €27,326 | ▼ 23.3% |
| Operating profit (loss)9901 | €16,544 | €14,384 | €39,744 | €34,364 | €41,367 | €33,979 | €25,097 | ▼ 26.1% |
| Financial income75/76B | - | - | - | €2,225 | €2,482 | €2,330 | €1,452 | ▼ 37.7% |
| Recurring financial income75 | €964 | €2,159 | €1,819 | €2,225 | €2,482 | €2,330 | €1,452 | ▼ 37.7% |
| Financial charges65/66B | - | - | - | €702 | €582 | €1,239 | €947 | ▼ 23.5% |
| Recurring financial charges65 | €268 | €252 | €247 | €702 | €582 | €1,239 | €947 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | €17,240 | €16,292 | €41,316 | €35,886 | €43,268 | €35,071 | €25,602 | ▼ 27.0% |
| Income taxes67/77 | - | - | - | €1,596 | €13,628 | €11,167 | €8,281 | ▼ 25.8% |
| Profit (loss) for the period9904 | €17,240 | €16,292 | €41,316 | €34,291 | €29,640 | €23,904 | €17,321 | ▼ 27.5% |
| Profit (loss) for the period to be appropriated9905 | €17,240 | €16,292 | €41,316 | €34,291 | €29,640 | €23,904 | €17,321 | ▼ 27.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €114,358 | €132,464 | €174,052 | €173,076 | €162,345 | €122,025 | €144,349 | ▲ 18.3% |
| Fixed assets21/28 | €16,512 | €12,506 | €8,501 | €8,690 | €3,954 | €2,902 | €3,699 | ▲ 27.4% |
| Tangible fixed assets22/27 | €16,512 | €12,506 | €8,501 | €8,690 | €3,954 | €2,902 | €3,699 | ▲ 27.4% |
| Plant, machinery and equipment23 | - | - | - | €4,035 | €3,145 | €2,255 | €2,081 | ▼ 7.7% |
| Other tangible fixed assets26 | - | - | - | €4,655 | €810 | €648 | €1,618 | ▲ 150% |
| Current assets29/58 | €97,847 | €119,958 | €165,551 | €164,386 | €158,390 | €119,123 | €140,650 | ▲ 18.1% |
| Stocks and contracts in progress3 | €69,939 | €67,181 | €66,795 | €70,778 | €82,170 | €89,350 | €87,601 | ▼ 2.0% |
| Stocks30/36 | - | - | - | €70,778 | €82,170 | €89,350 | €87,601 | ▼ 2.0% |
| Amounts receivable within one year40/41 | - | - | €2,143 | €1,332 | €1,219 | €1,966 | €788 | ▼ 59.9% |
| Trade receivables40 | - | - | - | €1,332 | €1,219 | €1,806 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | - | €160 | €788 | ▲ 394% |
| Current investments50/53 | - | - | - | - | - | - | €26,000 | - |
| Cash at bank and in hand54/58 | €26,882 | €52,336 | €96,050 | €91,708 | €74,184 | €27,200 | €25,526 | ▼ 6.2% |
| Deferred charges and accrued income490/1 | - | - | - | €568 | €817 | €606 | €734 | ▲ 21.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €114,358 | €132,464 | €174,052 | €173,076 | €162,345 | €122,025 | €144,349 | ▲ 18.3% |
| Equity10/15 | -€35,949 | -€19,658 | €21,658 | €55,949 | €84,789 | €107,893 | €124,380 | ▲ 15.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,342 | €40,342 | €40,342 | €40,342 | €66,189 | €89,293 | €105,780 | ▲ 18.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €372 | €372 | €372 | €372 | = |
| Distributable reserves133 | - | - | - | €38,110 | €63,957 | €88,921 | €105,408 | ▲ 18.5% |
| Profit (loss) carried forward14 | -€94,891 | -€78,600 | -€37,284 | -€2,993 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €150,308 | €152,122 | €152,394 | €117,127 | €77,556 | €14,132 | €19,968 | ▲ 41.3% |
| Amounts payable after more than one year17 | €80,000 | €80,000 | €80,000 | €45,000 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | - | €45,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €70,308 | €72,122 | €72,394 | €72,127 | €77,556 | €14,132 | €19,776 | ▲ 39.9% |
| Trade debts44 | €1,089 | €784 | €946 | €4,331 | €553 | €156 | €1,545 | ▲ 893% |
| Suppliers440/4 | - | - | - | €4,331 | €553 | €156 | €1,545 | ▲ 893% |
| Taxes, remuneration and social security45 | - | - | - | €5,698 | €14,310 | €6,763 | €8,070 | ▲ 19.3% |
| Taxes450/3 | - | - | - | €5,698 | €14,310 | €6,763 | €8,070 | ▲ 19.3% |
| Other amounts payable47/48 | - | - | - | €62,099 | €62,693 | €7,214 | €10,161 | ▲ 40.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €192 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,240 | €16,292 | €41,316 | €34,291 | €29,640 | €23,904 | €17,321 | ▼ 27.5% |
| + Depreciation and write-downs630 | €4,006 | €4,005 | €4,006 | €3,907 | €4,736 | €1,052 | €1,363 | ▲ 29.6% |
| Operating cash flow (approximation) | €21,246 | €20,297 | €45,322 | €38,197 | €34,376 | €24,956 | €18,684 | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,096 | €0 | €0 | -€2,160 | - |
| Change in cash | - | €25,453 | €43,715 | -€4,342 | -€17,524 | -€46,984 | -€1,674 | ▲ 96.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 08-10-2025 | 2025-00535588 |
| 31-03-2024 | micro format | 26-09-2024 | 2024-00473210 |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00504267 |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20475199 |
| 31-03-2021 | micro format | 31-10-2021 | 2021-76400277 |
| 31-03-2020 | micro format | 30-10-2020 | 2020-67900477 |
| 31-03-2019 | micro format | 28-10-2019 | 2019-71400277 |
| 31-03-2018 | micro format | 30-10-2018 | 2018-70500491 |
| 31-03-2017 | micro format | 30-10-2017 | 2017-68000231 |
| 31-03-2016 | abbreviated format | 12-09-2016 | 2016-59600502 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €108 awarded · €108 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €54 | €54 |
| 2022 | 1 | €54 | €54 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Slegers Nathalie |
|
| Patrick Slegers |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-01
Gazette deed
Resignation: Slegers Nathalie (manager)Appointment: Slegers Nathalie (director) · Purpose change · Name change9 facts ▸
- Purpose change
- Name change, Marcel
- Legal form clause, “behouden, DERDE BESLISSING” (deed in Dutch)
- Capital conversion, “van rechtswege omgezet, artikel 39,§2,tweede lid van de wet van 23-03-2019” (deed in Dutch)
- Other provision, “vormen en meerderheden van de statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Director resignation, Slegers Nathalie (manager)
- Director appointment, Slegers Nathalie (director)
- Director discharge, Slegers Nathalie
09-03
Gazette deed
Resignation: Patrick Slegers (director)Appointment: Nathalie Slegers (director)3 facts ▸
- General meeting, 28-12-2022
- Director resignation, Patrick Slegers (director)
- Director appointment, Nathalie Slegers (director)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13454P0123/00E000 | Flanders | 77 m² | 1 · 126 m² | 12.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Kruideniers- en voedingswaren; Conserven; Alle mogelijke zuivelproducten,diepvries- en ijskreemproducten; Groenten,fruit en aardappelen…” (deed in Dutch)
19 activities (deed in Dutch)
- Kruideniers- en voedingswaren;
- Conserven;
- Alle mogelijke zuivelproducten,diepvries- en ijskreemproducten;
- Groenten,fruit en aardappelen;
- Alle dranken,alcoholische en niet-alcoholische;
- Sigaretten,sigaren en allerhande rookartikelen;
- Voedsel voor honden,katten en ander troeteldieren;
- Schoeisel;
- Textiel,kleding,artikelen van leer;
- Kledingaccessoires;
- Reinigingsproducten;
- Lederwaren en reisartikelen;
- Sieraden en edelsmeedwerk.
- Kleding(kinderen–dames)
- Accessoires(kettingen,oorbellen,armbanden,haaraccessoires)
- Lifestyle producten/interieur/keramiek
- Boeken
- Boekentassen/rugzakken
- Taallessen/coaching/administratie
- Name clauseThe name the company operates under according to its articles.
- Marcel
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2300 Turnhout,Renier Sniedersstraat 1” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “3. Indien door de vennootschap een raad van bestuur wordt geïnstalleerd dan vertegenwoordigt het collegiaal bestuursorgaan de vennootschap…”“Onverminderd de algemene vertegenwoordigingsmacht van het bestuursorgaan als college, zijn alle akten die de vennootschap verbinden, in en…”
Full text
Onverminderd de algemene vertegenwoordigingsmacht van het bestuursorgaan als college, zijn alle akten die de vennootschap verbinden, in en buiten rechte, geldig wanneer zij ondertekend worden door twee bestuurders die gezamenlijk optreden of een gedelegeerd bestuurder alleen handelend. Zij moeten tegenover derden geen bewijs leveren van hun machten. Coöptatie Wanneer de bestuurders een collegiaal orgaan (raad van bestuur) vormen en de plaats van een bestuurder openvalt vóór het einde van zijn mandaat, hebben de overblijvende bestuurders het recht een nieuwe bestuurder te coöpteren.
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, bestuursorgaan” (deed in Dutch)“Bepaalde of onbepaalde termijn, tenzij benoemingsbesluit anders besluit” (deed in Dutch)“Overblijvende bestuurders mogen nieuwe bestuurder coöpteren, coöptatie” (deed in Dutch)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of September at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed