Marchal & Co
ActiveMarchal & Co has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €-14k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 40% of 5896 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-14
Solvency58=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.17 in 2023; short-term debt: 61.6% and cash: 13% of total assets), and 67.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
32.8%
Return on assets
-3.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
62 d early
2022
28 d early
2021
25 d early
2020
61 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€127k▼ 9.7%
2023 · €141k
2018: €143k
2019: €144k
2020: €146k
2021: €141k
2022: €111k
2023: €141k
2018 → 2024
Total assets
€388k▼ 8.0%
2023 · €422k
2018: €162k
2019: €165k
2020: €196k
2021: €190k
2022: €409k
2023: €422k
2018 → 2024
Net result
€-14k
2023 · €30k
2018: €1k
2019: €882
2020: €2k
2021: €-5k
2022: €-30k
2023: €30k
2018 → 2024
Working capital
€68k▲ 68.3%
2023 · €41k
2018: €136k
2019: €140k
2020: €143k
2021: €93k
2022: €-14k
2023: €41k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€146k-€141k▼ 3.1%€111k▼ 21.2%€141k▲ 26.8%€127k▼ 9.7%
Operating result€3k-€-4k€-27k▼ 531%€32k€-15k
Net result€2k-€-5k€-30k▼ 558%€30k€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €15k after €32k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €388k
Fixed assets
€81k▼ 41.3%
Current assets
€307k▲ 8.2%
Equity and liabilities €388k
Equity
€127k▼ 9.7%
Debt
€261k▼ 7.1%
The debt ratio rises from 66.5% to 67.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€57k▼
2023 · €106k
Cash flow
€58k▼
2023 · €104k
Solvency
32.8%▼
2023 · 33.5%
Current ratio
1.29▲
2023 · 1.17
Quick ratio
1.26▲
2023 · 1.14
Debt / equity
2.05▲
2023 · 1.99
ROE
-10.8%▼
2023 · 21.1%
ROA
-3.5%▼
2023 · 7.1%
Interest coverage
32.99▼
2023 · 47.00
Debt
€261k▼
2023 · €281k
Debt ≤ 1 year
€239k▼
2023 · €244k
Debt > 1 year
€22k▼
2023 · €37k
Staff costs
€537
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€422k€388k▼
Fixed assets21/28€138k€81k▼
Intangible fixed assets21€2k€832▼
Tangible fixed assets22/27€136k€79k▼
Plant, machinery and equipment23€35k€29k▼
Furniture and vehicles24€32k€14k▼
Leasing and similar rights25€68k€36k▼
Financial fixed assets28€491€1k▲
Current assets29/58€284k€307k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€213k€243k▲
Trade receivables40€210k€231k▲
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€59k€51k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€422k€388k▼
Equity10/15€141k€127k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€51k€51k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€28k€14k▼
Amounts payable17/49€281k€261k▼
Amounts payable after more than one year17€37k€22k▼
Financial debts170/4€37k€22k▼
Amounts payable within one year42/48€244k€239k▼
Current portion of amounts payable after more than one year42€16k€15k▼
Trade debts44€61k€55k▼
Suppliers440/4€61k€55k▼
Taxes, remuneration and social security45€0€1k▲
Taxes450/3€0€922▲
Remuneration and social security454/9-€272
Other amounts payable47/48€166k€168k▲
Accrued charges and deferred income492/3€106€106=
Income statement
Code20232024
Remuneration, social security and pensions62-€537
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€71k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€13k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€109k€75k▼
Operating profit (loss)9901€32k€-15k▼
Financial income75/76B€32€3k▲
Recurring financial income75€32€3k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€30k€-14k▼
Profit (loss) for the period9904€30k€-14k▼
Profit (loss) for the period to be appropriated9905€30k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€14k▲
Profit (loss) brought forward from the previous period14P€-27k€28k▲
Transfer from equity791/2€25k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
12-12-2022
Frédéric Alain POUSSEUR: Resigned as Director
11-07-2022
CATHERINE Mireille: Resigned as Director
11-07-2022
MARCHAL Cédric: Resigned as Director
11-07-2022
MARCHAL Fabrice: Resigned as Director
11-07-2022
POUSSEUR Frédéric: Resigned as Director
03-05-2021
Jimmy OBCHETTE: Resigned as Director
22-05-2015
Hugues LEVEVRE: Resigned as Director
10-12-2013
Elvis BAUDUIN: Resigned as Director
Location & real-estate footprint
Registered office, Mont-Saint-Guibert · 1 establishment unit since 2000
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.
Rue du Linchet 41435 Mont-Saint-GuibertGround area
2,143 m²
Building footprint
137 m²
Volume, LiDAR
774 m³
Parcel 25020B0219/00L000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Linchet 4, 1435 Mont-Saint-Guibert
since 20002.093.554.067
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020B0219/00L000 | Wallonia | 2,143 m² | 1 · 137 m² | 7.7 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesMarchal & Co SA25960
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Of 21,210 companies in sector 81300 we hold annual accounts for 4,360. 3,578 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1999
Fiscal year end31-12
Abbreviation FR
M&C MUSIC
Activities, NACEBEL
01410Raising of dairy cattle
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.