MARCHICO
ActiveSummary
MARCHICO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-6k) and a net result of €-3k. Equity is shrinking by ~50.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▲+8
Solvency10▼-9
Growth22=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.63 against 0.94 in 2023; short-term debt: 61.3% and cash: 0.1% of total assets), but equity is negative.
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
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
-15.4%
Return on assets
-9.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
31 d late
2022
60 d late
2021
60 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€8k▼ 35.5%
2019 · €12k
2018: €10k
2019: €12k▲ +16.1% vs 2018highest in 3 years
2020: €8k▼ -35.5% vs 2019lowest in 3 years
2018 → 2020
EBIT margin
1.2%▼ 5.9pp
2019 · 7.1%
2018: 3.1%
2019: 7.1%▲ +131% vs 2018highest in 3 years
2020: 1.2%▼ -83.3% vs 2019lowest in 3 years
2018 → 2020
Net result
€-3k▲ 24.8%
2023 · €-5k
2018: €321
2019: €861▲ +168% vs 2018highest in 7 years
2020: €93▼ -89.2% vs 2019
2021: €-4k▼ -4197% vs 2020
2022: €-3k▲ +24.2% vs 2021
2023: €-5k▼ -56.6% vs 2022lowest in 7 years
2024: €-3k▲ +24.8% vs 2023
2018 → 2024
Working capital
€14k
2023 · €-2k
2018: €8k
2019: €9k▲ +10.9% vs 2018
2020: €9k▲ +1.1% vs 2019
2021: €5k▼ -42.8% vs 2020
2022: €2k▼ -56.8% vs 2021
2023: €-2k▼ -206% vs 2022lowest in 7 years
2024: €14k▲ +719% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8k-
Equity€9k-€5k▼ 42.8%€2k▼ 56.8%€-2k€-6k▼ 146%
2020: €9khighest in 5 years
2021: €5k▼ -42.8% vs 2020
2022: €2k▼ -56.8% vs 2021
2023: €-2k▼ -206% vs 2022
2024: €-6k▼ -146% vs 2023lowest in 5 years
Operating result€93-€-4k€-3k▲ 31.7%€-4k▼ 70.4%€-3k▲ 25.6%
2020: €93highest in 5 years
2021: €-4k▼ -4197% vs 2020
2022: €-3k▲ +31.7% vs 2021
2023: €-4k▼ -70.4% vs 2022lowest in 5 years
2024: €-3k▲ +25.6% vs 2023
Net result€93-€-4k€-3k▲ 24.2%€-5k▼ 56.6%€-3k▲ 24.8%
2020: €93highest in 5 years
2021: €-4k▼ -4197% vs 2020
2022: €-3k▲ +24.2% vs 2021
2023: €-5k▼ -56.6% vs 2022lowest in 5 years
2024: €-3k▲ +24.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €4k in 2023; the loss shrinks.
Key figures and ratios
Solvency
-15.4%▼
2023 · -6.3%
Current ratio
1.63▲
2023 · 0.94
Quick ratio
0.00▲
2023 · 0.00
Debt to equity
-7.49▲
2023 · -16.94
ROA
-9.2%▲
2023 · -12.2%
Debt
€43k▲
2023 · €39k
Debt ≤ 1 year
€23k▼
2023 · €39k
Debt > 1 year
€20k
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 · 2024 against 2023 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€37k€37k▲
Current assets29/58€37k€37k▲
Stocks and contracts in progress3€37k€37k▲
Stocks30/36€37k€37k▲
Cash at bank and in hand54/58€2€51▲
Equity and liabilities
Total equity and liabilities10/49€37k€37k▲
Equity10/15€-2k€-6k▼
Contributions10/11€19k€19k=
Reserves13€13k€13k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-34k€-38k▼
Amounts payable17/49€39k€43k▲
Amounts payable after more than one year17-€20k
Other amounts payable178/9-€20k
Amounts payable within one year42/48€39k€23k▼
Trade debts44€1k€904▼
Suppliers440/4€1k€904▼
Taxes, remuneration and social security45€2k€297▼
Taxes450/3€2k€297▼
Other amounts payable47/48€36k€21k▼
Income statement
Code20232024
Other operating charges640/8€62€248▲
Gross operating margin9900€-4k€-3k▲
Operating profit (loss)9901€-4k€-3k▲
Financial charges65/66B€85€99▲
Recurring financial charges65€85€99▲
Profit (loss) for the period before taxes9903€-5k€-3k▲
Profit (loss) for the period9904€-5k€-3k▲
Profit (loss) for the period to be appropriated9905€-5k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-38k▼
Profit (loss) brought forward from the previous period14P€-30k€-34k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €8k | - | - | - | - | - |
| Other operating charges640/8 | - | €62 | - | €62 | €248 | ▲ 300% |
| Gross operating margin9900 | €93 | €-4k | €-3k | €-4k | €-3k | ▲ 30.2% |
| Operating profit (loss)9901 | €93 | €-4k | €-3k | €-4k | €-3k | ▲ 25.6% |
| Financial charges65/66B | - | - | €283 | €85 | €99 | ▲ 16.3% |
| Recurring financial charges65 | - | - | €283 | €85 | €99 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €93 | €-4k | €-3k | €-5k | €-3k | ▲ 24.8% |
| Profit (loss) for the period9904 | €93 | €-4k | €-3k | €-5k | €-3k | ▲ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €93 | €-4k | €-3k | €-5k | €-3k | ▲ 24.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38k | €38k | €37k | €37k | €37k | ▲ 0.3% |
| Current assets29/58 | €38k | €38k | €37k | €37k | €37k | ▲ 0.3% |
| Stocks and contracts in progress3 | €38k | €38k | €37k | €37k | €37k | ▲ 0.1% |
| Stocks30/36 | - | €38k | €37k | €37k | €37k | ▲ 0.1% |
| Cash at bank and in hand54/58 | - | - | - | €2 | €51 | ▲ 2,314% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38k | €38k | €37k | €37k | €37k | ▲ 0.3% |
| Equity10/15 | €9k | €5k | €2k | €-2k | €-6k | ▼ 146% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €13k | €13k | €13k | €13k | €13k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €11k | €11k | €11k | €11k | = |
| Profit (loss) carried forward14 | €-23k | €-27k | €-30k | €-34k | €-38k | ▼ 9.9% |
| Amounts payable17/49 | €29k | €32k | €35k | €39k | €43k | ▲ 8.9% |
| Amounts payable after more than one year17 | - | - | - | - | €20k | - |
| Other amounts payable178/9 | - | - | - | - | €20k | - |
| Amounts payable within one year42/48 | €29k | €32k | €35k | €39k | €23k | ▼ 42.2% |
| Trade debts44 | €3k | €2k | €2k | €1k | €904 | ▼ 39.2% |
| Suppliers440/4 | - | €2k | €2k | €1k | €904 | ▼ 39.2% |
| Taxes, remuneration and social security45 | - | €4k | €4k | €2k | €297 | ▼ 85.8% |
| Taxes450/3 | - | €4k | €4k | €2k | €297 | ▼ 85.8% |
| Other amounts payable47/48 | - | €26k | €29k | €36k | €21k | ▼ 39.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93 | €-4k | €-3k | €-5k | €-3k | ▲ 24.8% |
| Operating cash flow (approximation) | €93 | €-4k | €-3k | €-5k | €-3k | ▲ 24.8% |
| Change in cash | - | - | - | - | €49 | - |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Highest result since 2018net €861 ▲168%
Operating result €861, net result €861, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 149 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2015
16-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 47 days late
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.
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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, Lummen · 1 establishment unit since 2009
Ground area
2,279 m²
Building footprint
254 m²
Volume, LiDAR
1,107 m³
Parcel 71038C0378/00K000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MARCHICO
since 20092.177.208.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71038C0378/00K000 | Flanders | 2,279 m² | 1 · 254 m² | 6.4 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.
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Of 1,034 companies in sector 47721 we hold annual accounts for 582. 120 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)
Founded09-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
47762Retail sale of pets, pet food and pet supplies
Scores and ratios are computed by Checked and are not a credit decision.