MARCELIMMO
ActiveSummary
MARCELIMMO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €232,958 and a net result of -€1,369. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 26% of 19364 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency30=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.01 in 2023; short-term debt: 46% and cash: 0.4% of total assets), and 94.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
5.1%
Return on assets
0%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-11-2025, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
96 d late
2023
64 d late
2022
67 d late
2021
54 d late
2020
88 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#6 company by total assets in Pajottegem, Real estate sector
Equity
€232,958▼ 0.6%
2023 · €234,326
Total assets
€4.5m▲ 0.9%
2023 · €4.5m
Net result
-€1,369
2023 · €59,333
Working capital
-€2.0m▼ 3.5%
2023 · -€2.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€180,892▲ 82.4%€211,236▲ 16.8%€135,178▼ 36.0%€132,900▼ 1.7%€41,189▼ 69.0%
Net result€80,667▲ 113%€109,098▲ 35.2%€47,921▼ 56.1%€59,333▲ 23.8%-€1,369
Equity€39,609€137,797▲ 248%€180,926▲ 31.3%€234,326▲ 29.5%€232,958▼ 0.6%
Total assets€3.0m▲ 9.8%€3.7m▲ 25.0%€4.5m▲ 22.0%€4.5m▼ 0.4%€4.5m▲ 0.9%
Debt€2.9m▲ 6.7%€3.6m▲ 22.0%€4.3m▲ 21.6%€4.3m▼ 1.7%€4.3m▲ 0.9%
Working capital-€701,004▲ 31.7%-€1.1m▼ 58.6%-€1.5m▼ 33.0%-€2.0m▼ 33.5%-€2.0m▼ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 69% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.5m
Fixed assets
€4.5m ▲ 0.6%
Current assets
€36,406 ▲ 54.3%
Equity and liabilities €4.5m
Equity
€232,958 ▼ 0.6%
Debt
€4.3m ▲ 0.9%
Debt's share of the balance-sheet total rises from 94.8% to 94.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€261,744▼
2023 · €341,104
Cash flow
€219,186▼
2023 · €267,537
Current ratio
0.02▲
2023 · 0.01
Debt to equity
18.43▲
2023 · 18.15
ROE
-0.6%▼
2023 · 25.3%
ROA
0.0%▼
2023 · 1.3%
Interest coverage
6.15▼
2023 · 6.41
Debt ≤ 1 year
€2.1m▲
2023 · €2.0m
Debt > 1 year
€2.2m▼
2023 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,452 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136,305 | €105,524 | €137,266 | €208,204 | €220,554 | ▲ 5.9% |
| Other operating charges640/8 | - | €414 | €5,827 | - | €1,670 | - |
| Non-recurring operating charges66A | - | - | €17,313 | - | €3,738 | - |
| Gross operating margin9900 | €318,982 | €317,174 | €295,585 | €341,104 | €267,152 | ▼ 21.7% |
| Operating profit (loss)9901 | €180,892 | €211,236 | €135,178 | €132,900 | €41,189 | ▼ 69.0% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €62,424 | €63,464 | €53,190 | €42,558 | ▼ 20.0% |
| Recurring financial charges65 | €67,222 | €62,424 | €63,464 | €53,190 | €42,558 | ▼ 20.0% |
| Profit (loss) for the period before taxes9903 | €113,670 | €148,812 | €71,714 | €79,710 | -€1,369 | ▼ 102% |
| Income taxes67/77 | €33,003 | €39,714 | €23,793 | €20,376 | - | - |
| Profit (loss) for the period9904 | €80,667 | €109,098 | €47,921 | €59,333 | -€1,369 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €80,667 | €109,098 | €47,921 | €59,333 | -€1,369 | ▼ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.7m | €4.5m | €4.5m | €4.5m | ▲ 0.9% |
| Fixed assets21/28 | €2.6m | €3.4m | €4.2m | €4.5m | €4.5m | ▲ 0.6% |
| Tangible fixed assets22/27 | €2.6m | €3.3m | €4.1m | €4.4m | €4.4m | ▲ 0.5% |
| Land and buildings22 | - | €3.3m | €4.1m | €4.4m | €4.4m | ▲ 0.5% |
| Plant, machinery and equipment23 | - | €1,985 | €1,753 | €1,521 | €1,289 | ▼ 15.2% |
| Assets under construction and advance payments27 | - | €15,000 | €15,000 | - | - | - |
| Financial fixed assets28 | - | €64,908 | €64,908 | €62,904 | €65,900 | ▲ 4.8% |
| Current assets29/58 | €329,919 | €330,491 | €323,135 | €23,587 | €36,406 | ▲ 54.3% |
| Amounts receivable after more than one year29 | - | - | €150,000 | - | - | - |
| Trade receivables290 | - | - | €150,000 | - | - | - |
| Stocks and contracts in progress3 | - | €16,000 | €16,000 | - | - | - |
| Stocks30/36 | - | €16,000 | €16,000 | - | - | - |
| Amounts receivable within one year40/41 | €64,891 | €226,695 | €146,874 | €4,848 | €17,840 | ▲ 268% |
| Trade receivables40 | - | €224,104 | €112,700 | €4,848 | €17,840 | ▲ 268% |
| Other amounts receivable41 | - | €2,592 | €34,174 | - | - | - |
| Cash at bank and in hand54/58 | €265,028 | €87,795 | €6,510 | €17,028 | €18,566 | ▲ 9.0% |
| Deferred charges and accrued income490/1 | - | - | €3,750 | €1,711 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.7m | €4.5m | €4.5m | €4.5m | ▲ 0.9% |
| Equity10/15 | €39,609 | €137,797 | €180,926 | €234,326 | €232,958 | ▼ 0.6% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €80,842 | €179,031 | €222,159 | €275,559 | €275,559 | = |
| Non-distributable reserves130/1 | - | €175 | €175 | €175 | €175 | = |
| Reserves not available under the articles1311 | - | €175 | €175 | €175 | €175 | = |
| Distributable reserves133 | - | €178,856 | €221,984 | €275,384 | €275,384 | = |
| Profit (loss) carried forward14 | -€59,825 | -€59,825 | -€59,825 | -€59,825 | -€61,194 | ▼ 2.3% |
| Amounts payable17/49 | €2.9m | €3.6m | €4.3m | €4.3m | €4.3m | ▲ 0.9% |
| Amounts payable after more than one year17 | €1.9m | €2.1m | €2.5m | €2.3m | €2.2m | ▼ 1.9% |
| Financial debts170/4 | - | €2.1m | €2.5m | €2.3m | €2.2m | ▼ 2.2% |
| Other amounts payable178/9 | - | - | - | - | €5,898 | - |
| Amounts payable within one year42/48 | €1.0m | €1.4m | €1.8m | €2.0m | €2.1m | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | - | €249,222 | €280,070 | €306,236 | €296,281 | ▼ 3.3% |
| Trade debts44 | €19,699 | €174,365 | €4,802 | €786 | €890 | ▲ 13.3% |
| Suppliers440/4 | - | €174,365 | €4,802 | €786 | €890 | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | €102,774 | €134,267 | €113,134 | €86,864 | ▼ 23.2% |
| Taxes450/3 | - | €102,774 | €134,267 | €113,134 | €86,864 | ▼ 23.2% |
| Other amounts payable47/48 | - | €915,932 | €1.4m | €1.6m | €1.7m | ▲ 7.5% |
| Accrued charges and deferred income492/3 | - | €3,020 | €4,456 | - | €1,545 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,667 | €109,098 | €47,921 | €59,333 | -€1,369 | ▼ 102% |
| + Depreciation and write-downs630 | €136,305 | €105,524 | €137,266 | €208,204 | €220,554 | ▲ 5.9% |
| Operating cash flow (approximation) | €216,973 | €214,622 | €185,187 | €267,537 | €219,186 | ▼ 18.1% |
| Investment in fixed assets (approximation) | - | -€843,515 | -€956,229 | -€488,615 | -€246,337 | ▲ 49.6% |
| Change in cash | - | -€177,233 | -€81,285 | €10,518 | €1,538 | ▼ 85.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 96 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Equity above €200,000Eq €234,326 ▲29.5%
5 profitable years in a row build equity to €234,326.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Equity above €150,000Eq €180,926 ▲31.3%
4 profitable years in a row build equity to €180,926.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Highest result since 2018net €109,098 ▲35.2%
Operating result €211,236, net result €109,098, both a record.
31-12
Financial
Equity above €100,000Eq €137,797 ▲248%
3 profitable years in a row build equity to €137,797.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Back to profitnet €37,950
Net result €37,950 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 90 days late
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
19-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Pajottegem · 1 establishment unit since 1998
Ground area
3,310 m²
Building footprint
229 m²
Volume, LiDAR
1,206 m³
Parcel 23023D0070/00D000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MARCELIMMO
since 19982.085.889.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23023D0070/00D000 | Flanders | 3,310 m² | 1 · 229 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VAMAPRO
BE 0805.708.427
Evergem · Eq €233,285
PRIVATE LLOYD PATRIMONIA
BE 0658.918.030
Elsene · Eq €232,610
JOAVE IMMOBILIERE
BE 0767.990.471
Trooz · Eq €233,330
GROUPE WA-YA-MA
BE 0466.870.995
Courcelles · Eq €232,404
C-FOOD LOCHRISTI
BE 0890.753.671
Destelbergen · Eq €232,257
Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 4,885 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-02-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
56111Full-service restaurants
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.