MARCELYNE
ActiveSummary
MARCELYNE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €31k. Equity is growing by ~168.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+29
Solvency38▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.26 in 2024; short-term debt: 31.1% and cash: 20.9% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
12.9%
Return on assets
15.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 16618 sector peers (2025).
NBB · sector comparisonPosition among 16618 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 3 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k
2024 · €-5k
2023: €-11klowest in 3 years
2024: €-5k▲ +57.1% vs 2023
2025: €26k▲ +653% vs 2024highest in 3 years
2023 → 2025
Total assets
€201k▲ 2.5%
2024 · €196k
2023: €211khighest in 3 years
2024: €196k▼ -6.9% vs 2023lowest in 3 years
2025: €201k▲ +2.5% vs 2024
2023 → 2025
Net result
€31k▲ 391%
2024 · €6k
2023: €-16klowest in 3 years
2024: €6k▲ +139% vs 2023
2025: €31k▲ +391% vs 2024highest in 3 years
2023 → 2025
Working capital
€-20k▲ 60.5%
2024 · €-50k
2023: €-58klowest in 3 years
2024: €-50k▲ +14.5% vs 2023
2025: €-20k▲ +60.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-11k-€-5k▲ 57.1%€26k
2023: €-11klowest in 3 years
2024: €-5k▲ +57.1% vs 2023
2025: €26k▲ +653% vs 2024highest in 3 years
Operating result€-13k-€14k€51k▲ 251%
2023: €-13klowest in 3 years
2024: €14k▲ +207% vs 2023
2025: €51k▲ +251% vs 2024highest in 3 years
Net result€-16k-€6k€31k▲ 391%
2023: €-16klowest in 3 years
2024: €6k▲ +139% vs 2023
2025: €31k▲ +391% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 251% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€158k ▼ 11.6%
Current assets
€43k ▲ 148%
Equity and liabilities €201k
Equity
€26k
Debt
€175k
Debt finances 87.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€71k▲
2024 · €35k
Cash flow
€51k▲
2024 · €27k
Current ratio
0.69▲
2024 · 0.26
Debt to equity
6.76▲
2024 · -42.88
ROE
118.1%
ROA
15.2%▲
2024 · 3.2%
Interest coverage
10.42▲
2024 · 4.38
Debt ≤ 1 year
€63k▼
2024 · €67k
Debt > 1 year
€96k▼
2024 · €120k
Income taxes
€13k▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€196k€201k▲
Fixed assets21/28€179k€158k▼
Intangible fixed assets21€173k€153k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€797€527▼
Current assets29/58€17k€43k▲
Cash at bank and in hand54/58€17k€42k▲
Deferred charges and accrued income490/1-€957
Equity and liabilities
Total equity and liabilities10/49€196k€201k▲
Equity10/15€-5k€26k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-10k€21k▲
Amounts payable17/49€201k€175k▼
Amounts payable after more than one year17€120k€96k▼
Financial debts170/4€120k€96k▼
Amounts payable within one year42/48€67k€63k▼
Current portion of amounts payable after more than one year42€23k€23k▲
Trade debts44€402-
Suppliers440/4€402-
Taxes, remuneration and social security45€2k€14k▲
Taxes450/3€2k€14k▲
Other amounts payable47/48€42k€25k▼
Accrued charges and deferred income492/3€14k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Other operating charges640/8€831€2k▲
Gross operating margin9900€36k€73k▲
Operating profit (loss)9901€14k€51k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€6k€44k▲
Income taxes67/77€128€13k▲
Profit (loss) for the period9904€6k€31k▲
Profit (loss) for the period to be appropriated9905€6k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€21k▲
Profit (loss) brought forward from the previous period14P€-16k€-10k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €21k | €21k | ▲ 0.1% |
| Other operating charges640/8 | €459 | €831 | €2k | ▲ 142% |
| Gross operating margin9900 | €-4k | €36k | €73k | ▲ 104% |
| Operating profit (loss)9901 | €-13k | €14k | €51k | ▲ 251% |
| Financial income75/76B | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | - |
| Financial charges65/66B | €2k | €8k | €7k | ▼ 14.7% |
| Recurring financial charges65 | €2k | €8k | €7k | ▼ 14.7% |
| Profit (loss) for the period before taxes9903 | €-16k | €6k | €44k | ▲ 586% |
| Income taxes67/77 | €72 | €128 | €13k | ▲ 10,090% |
| Profit (loss) for the period9904 | €-16k | €6k | €31k | ▲ 391% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €6k | €31k | ▲ 391% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €211k | €196k | €201k | ▲ 2.5% |
| Fixed assets21/28 | €199k | €179k | €158k | ▼ 11.6% |
| Intangible fixed assets21 | €193k | €173k | €153k | ▼ 11.6% |
| Tangible fixed assets22/27 | €6k | €6k | €5k | ▼ 10.9% |
| Plant, machinery and equipment23 | €6k | €5k | €5k | ▼ 7.4% |
| Furniture and vehicles24 | €404 | €797 | €527 | ▼ 33.8% |
| Current assets29/58 | €12k | €17k | €43k | ▲ 148% |
| Cash at bank and in hand54/58 | €6k | €17k | €42k | ▲ 142% |
| Deferred charges and accrued income490/1 | €6k | - | €957 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €211k | €196k | €201k | ▲ 2.5% |
| Equity10/15 | €-11k | €-5k | €26k | ▲ 653% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-16k | €-10k | €21k | ▲ 316% |
| Amounts payable17/49 | €222k | €201k | €175k | ▼ 12.8% |
| Amounts payable after more than one year17 | €142k | €120k | €96k | ▼ 19.4% |
| Financial debts170/4 | €142k | €120k | €96k | ▼ 19.4% |
| Amounts payable within one year42/48 | €70k | €67k | €63k | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | €21k | €23k | €23k | ▲ 2.8% |
| Trade debts44 | - | €402 | - | - |
| Suppliers440/4 | - | €402 | - | - |
| Taxes, remuneration and social security45 | €2k | €2k | €14k | ▲ 510% |
| Taxes450/3 | €2k | €2k | €14k | ▲ 510% |
| Other amounts payable47/48 | €47k | €42k | €25k | ▼ 39.2% |
| Accrued charges and deferred income492/3 | €10k | €14k | €16k | ▲ 12.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €6k | €31k | ▲ 391% |
| + Depreciation and write-downs630 | €9k | €21k | €21k | ▲ 0.1% |
| Operating cash flow (approximation) | €-7k | €27k | €51k | ▲ 90.2% |
| Investment in fixed assets (approximation) | - | €-649 | €0 | ▲ 100% |
| Change in cash | - | €11k | €25k | ▲ 117% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2023net €31k ▲391%
Operating result €51k, net result €31k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2023
Ground area
212 m²
Building footprint
109 m²
Volume, LiDAR
810 m³
Parcel 11462A0022/00R002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MARCELYNE
since 20232.347.299.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0022/00R002 | Flanders | 212 m² | 1 · 109 m² | 9.8 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
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C Mon Ergo
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Hélécine · Eq €26,067
Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,900 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
Founded31-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.