MARCEL KATORZ
ActiveMARCEL KATORZ has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €148k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 1970 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+34
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 4.06 in 2024), and 12.9% 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 90
Relative position
BE, all sectors
reference
Sector 90
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
87.1%
Return on assets
8.8%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
8 d late
2023
31 d late
2022
27 d late
2021
31 d late
2020
23 d late
2019
69 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.46M▼ 18.5%
2024 · €1.79M
2018: €713k
2019: €857k
2020: €1.14M
2021: €1.29M
2022: €1.42M
2023: €1.73M
2024: €1.79M
2018 → 2025
Total assets
€1.68M▼ 15.8%
2024 · €1.99M
2018: €1.91M
2019: €1.98M
2020: €2.23M
2021: €2.41M
2022: €2.54M
2023: €1.98M
2024: €1.99M
2018 → 2025
Net result
€148k▲ 137%
2024 · €63k
2018: €200k
2019: €165k
2020: €200k
2021: €151k
2022: €135k
2023: €306k
2024: €63k
2018 → 2025
Working capital
€303k▼ 50.9%
2024 · €617k
2018: €-170k
2019: €-196k
2020: €-276k
2021: €178k
2022: €368k
2023: €584k
2024: €617k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.42M▲ 10.5%€1.73M▲ 21.5%€1.79M▲ 3.6%€1.46M▼ 18.5%
Operating result€198k-€165k▼ 16.3%€-325k€46k€141k▲ 204%
Net result€151k-€135k▼ 11.1%€306k▲ 128%€63k▼ 79.5%€148k▲ 137%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 204% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.68M
Fixed assets
€1.16M▼ 1.4%
Current assets
€519k▼ 36.6%
Equity and liabilities €1.68M
Equity
€1.46M▼ 18.5%
Debt
€216k▲ 7.4%
The debt ratio rises from 10.1% to 12.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€157k▲
2024 · €63k
Cash flow
€165k▲
2024 · €80k
Solvency
87.1%▼
2024 · 89.9%
Current ratio
2.40▼
2024 · 4.06
Quick ratio
2.40▼
2024 · 4.06
Debt / equity
0.15▲
2024 · 0.11
ROE
10.2%▲
2024 · 3.5%
ROA
8.8%▲
2024 · 3.1%
Interest coverage
489.10▲
2024 · 215.41
Debt
€216k▲
2024 · €201k
Debt ≤ 1 year
€216k▲
2024 · €201k
Income taxes
€72k▲
2024 · €31k
Staff costs
€19k▲
2024 · €19k
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€1.99M€1.68M▼
Fixed assets21/28€1.17M€1.16M▼
Tangible fixed assets22/27€1.07M€1.06M▼
Land and buildings22€1.06M€1.05M▼
Furniture and vehicles24€8k-
Other tangible fixed assets26€8k€8k=
Financial fixed assets28€100k€100k=
Current assets29/58€818k€519k▼
Amounts receivable after more than one year29€696k€396k▼
Other amounts receivable291€696k€396k▼
Amounts receivable within one year40/41€20k€102k▲
Trade receivables40€12k€51k▲
Other amounts receivable41€8k€51k▲
Current investments50/53€88k-
Cash at bank and in hand54/58€14k€12k▼
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€1.99M€1.68M▼
Equity10/15€1.79M€1.46M▼
Contributions10/11€20k€20k=
Reserves13€1.56M€1.23M▼
Distributable reserves133€1.56M€1.23M▼
Profit (loss) carried forward14€213k€213k▲
Amounts payable17/49€201k€216k▲
Amounts payable within one year42/48€201k€216k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€73k€111k▲
Taxes450/3€70k€108k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€124k€101k▼
Income statement
Code20242025
Remuneration, social security and pensions62€19k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€84k€179k▲
Operating profit (loss)9901€46k€141k▲
Financial income75/76B€47k€80k▲
Recurring financial income75€34k€9k▼
Non-recurring financial income76B€14k€71k▲
Financial charges65/66B€553€493▼
Recurring financial charges65€294€322▲
Non-recurring financial charges66B€259€171▼
Profit (loss) for the period before taxes9903€93k€220k▲
Income taxes67/77€31k€72k▲
Profit (loss) for the period9904€63k€148k▲
Transfer to tax-exempt reserves689-€148k
Profit (loss) for the period to be appropriated9905€63k€0▼
Appropriation of the result
Profit (loss) to be appropriated9906€213k€213k▲
Profit (loss) brought forward from the previous period14P€150k€213k▲
The notes to these accounts (5 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet €63k ▼79.5%
Net result drops to €63k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €306k ▲128%
Net result €306k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.69
Current ratio from 1.80 to 3.69; short-term debt falls from €460k to €218k.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.65 to 1.40; short-term debt falls from €782k to €447k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Equity above €1MEq €1.14M ▲32.5%
3 profitable years in a row build equity to €1.14M.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 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 milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 2007
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.
Terninckstraat 152000 AntwerpenGround area
1,217 m²
Building footprint
357 m²
Volume, LiDAR
4,203 m³
2 parcels, Flanders · tallest building 24.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Marcel Katorz
since 20072.167.662.562
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0388/00T000 | Flanders | 1,007 m² | 1 · 182 m² | 24.2 m · 4 fl. |
| 11804D1989/00V000 | Flanders | 210 m² | 1 · 175 m² | 14.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,295 companies in sector 90201 we hold annual accounts for 602. 190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2007
Fiscal year end31-12
Activities, NACEBEL
74878
90201Performing arts by independent artists
74901Other professional, scientific and technical activities
74991Agents and managers of artists, athletes and other public figures
92311
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.