MARCHIM
ActiveSummary
MARCHIM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €534,425. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94=
Solvency70▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.21 in 2024; short-term debt: 46.3% and cash: 24.8% of total assets), and 55.2% of the assets are financed with debt.
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Signals
Six 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 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
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
44.8%
Return on assets
20.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
92 d late
2023
107 d late
2022
28 d late
2021
29 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 58 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€534,425▼ 18.5%
2024 · €655,459
Working capital
€489,810▲ 25.4%
2024 · €390,573
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€773,284▲ 28.2%€491,596▼ 36.4%€683,998▲ 39.1%€923,683▲ 35.0%€743,704▼ 19.5%
Net result€533,714above the sector's middle half▲ 32.7%€329,571above the sector's middle half▼ 38.2%€475,777above the sector's middle half▲ 44.4%€655,459above the sector's middle half▲ 37.8%€534,425above the sector's middle half▼ 18.5%
Equity€669,445within the sector's middle half▲ 37.8%€698,966within the sector's middle half▲ 4.4%€774,676within the sector's middle half▲ 10.8%€930,052above the sector's middle half▲ 20.1%€1.2mwithin the sector's middle half▲ 25.2%
Total assets€2.9mabove the sector's middle half▼ 3.2%€3.1mabove the sector's middle half▲ 8.4%€2.9mabove the sector's middle half▼ 7.3%€3.2mabove the sector's middle half▲ 10.5%€2.6mwithin the sector's middle half▼ 18.6%
Debt€2.2m▼ 11.2%€2.4m▲ 9.6%€2.1m▼ 12.5%€2.3m▲ 7.0%€1.4m▼ 36.6%
Working capital€369,031within the sector's middle half▲ 19.5%€273,578within the sector's middle half▼ 25.9%€273,242within the sector's middle half▼ 0.1%€390,573within the sector's middle half▲ 42.9%€489,810within the sector's middle half▲ 25.4%
Solvency23.3%within the sector's middle half▲ 6.9pp22.4%within the sector's middle half▼ 0.8pp26.8%within the sector's middle half▲ 4.4pp29.1%within the sector's middle half▲ 2.3pp44.8%within the sector's middle half▲ 15.7pp
Current ratio1.27within the sector's middle half▲ 0.051.16within the sector's middle half▼ 0.121.17within the sector's middle half▲ 0.021.21within the sector's middle half▲ 0.031.41within the sector's middle half▲ 0.20
Return on assets (ROA)18.6%above the sector's middle half▲ 5.0pp10.6%above the sector's middle half▼ 8.0pp16.5%above the sector's middle half▲ 5.9pp20.5%above the sector's middle half▲ 4.1pp20.6%above the sector's middle half=
Staff (FTE)25.2above the sector's middle half▲ 2.4%28.1above the sector's middle half▲ 11.5%26.2above the sector's middle half▼ 6.8%29above the sector's middle half▲ 10.7%27.7above the sector's middle half▼ 4.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€905,603 ▼ 1.5%
Current assets
€1.7m ▼ 25.5%
Equity and liabilities €2.6m
Equity
€1.2m ▲ 25.2%
Debt
€1.4m ▼ 36.6%
Debt's share of the balance-sheet total falls from 70.9% to 55.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€881,173▼
2024 · €1.1m
Cash flow
€671,894▼
2024 · €787,838
Quick ratio
0.79▼
2024 · 0.85
Debt to equity
1.23▼
2024 · 2.43
ROE
45.9%▼
2024 · 70.5%
Interest coverage
12.82▼
2024 · 17.34
Debt ≤ 1 year
€1.2m▼
2024 · €1.9m
Debt > 1 year
€228,797▼
2024 · €378,156
Income taxes
€174,348▼
2024 · €230,797
Staff costs
€1.1m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,755 | €1,475 | €8,609 | €31,547 | ▲ 266% |
| Remuneration, social security and pensions62 | €786,020 | €962,721 | €974,722 | €1.1m | €1.1m | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €127,768 | €136,157 | €134,168 | €132,379 | €137,469 | ▲ 3.8% |
| Other operating charges640/8 | €60,320 | €81,934 | €133,945 | €118,270 | €99,066 | ▼ 16.2% |
| Non-recurring operating charges66A | - | €11,065 | €20,760 | €5,326 | - | - |
| Gross operating margin9900 | €1.7m | €1.7m | €1.9m | €2.3m | €2.1m | ▼ 8.1% |
| Operating profit (loss)9901 | €773,284 | €491,596 | €683,998 | €923,683 | €743,704 | ▼ 19.5% |
| Financial income75/76B | €22,359 | €23,400 | €38,499 | €40,325 | €54,574 | ▲ 35.3% |
| Recurring financial income75 | €22,192 | €23,400 | €38,299 | €40,325 | €54,574 | ▲ 35.3% |
| Non-recurring financial income76B | €167 | - | €201 | - | - | - |
| Financial charges65/66B | €81,640 | €75,073 | €85,448 | €77,752 | €89,504 | ▲ 15.1% |
| Recurring financial charges65 | €80,145 | €74,952 | €76,209 | €60,892 | €68,718 | ▲ 12.9% |
| Non-recurring financial charges66B | €1,495 | €120 | €9,239 | €16,860 | €20,786 | ▲ 23.3% |
| Profit (loss) for the period before taxes9903 | €714,003 | €439,923 | €637,049 | €886,256 | €708,773 | ▼ 20.0% |
| Income taxes67/77 | €180,289 | €110,353 | €161,272 | €230,797 | €174,348 | ▼ 24.5% |
| Profit (loss) for the period9904 | €533,714 | €329,571 | €475,777 | €655,459 | €534,425 | ▼ 18.5% |
| Transfer from tax-exempt reserves789 | €1,677 | €1,677 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €535,391 | €331,248 | €475,777 | €655,459 | €534,425 | ▼ 18.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.1m | €2.9m | €3.2m | €2.6m | ▼ 18.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.0m | €919,707 | €905,603 | ▼ 1.5% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.0m | €909,819 | €905,398 | ▼ 0.5% |
| Land and buildings22 | €944,174 | €854,460 | €772,683 | €693,193 | €613,704 | ▼ 11.5% |
| Plant, machinery and equipment23 | €189,809 | €205,698 | €218,018 | €195,409 | €262,763 | ▲ 34.5% |
| Furniture and vehicles24 | €22,344 | €47,588 | €38,326 | €21,216 | €28,931 | ▲ 36.4% |
| Financial fixed assets28 | €205 | €205 | €8,388 | €9,888 | €205 | ▼ 97.9% |
| Current assets29/58 | €1.7m | €2.0m | €1.9m | €2.3m | €1.7m | ▼ 25.5% |
| Stocks and contracts in progress3 | €520,993 | €602,946 | €678,669 | €678,182 | €748,024 | ▲ 10.3% |
| Stocks30/36 | €520,993 | €602,946 | €678,669 | €678,182 | €748,024 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €320,158 | €311,837 | €370,189 | €306,292 | €285,596 | ▼ 6.8% |
| Trade receivables40 | €228,291 | €182,499 | €238,345 | €128,012 | €192,336 | ▲ 50.2% |
| Other amounts receivable41 | €91,867 | €129,338 | €131,844 | €178,281 | €93,260 | ▼ 47.7% |
| Current investments50/53 | - | - | - | €300,000 | - | - |
| Cash at bank and in hand54/58 | €850,225 | €1.1m | €785,700 | €970,910 | €643,409 | ▼ 33.7% |
| Deferred charges and accrued income490/1 | €27,456 | €33,342 | €16,311 | €16,413 | €14,760 | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.1m | €2.9m | €3.2m | €2.6m | ▼ 18.6% |
| Equity10/15 | €669,445 | €698,966 | €774,676 | €930,052 | €1.2m | ▲ 25.2% |
| Contributions10/11 | €84,000 | €84,000 | €84,000 | €84,000 | €84,000 | = |
| Capital10 | €84,000 | €84,000 | €84,000 | €84,000 | €84,000 | = |
| Issued capital100 | €84,000 | €84,000 | €84,000 | €84,000 | €84,000 | = |
| Reserves13 | €13,672 | €11,994 | €11,994 | €11,994 | €11,994 | = |
| Non-distributable reserves130/1 | €8,400 | €8,400 | €8,400 | €8,400 | €8,400 | = |
| Legal reserve130 | €8,400 | €8,400 | €8,400 | €8,400 | €8,400 | = |
| Tax-exempt reserves132 | €5,272 | €3,594 | €3,594 | €3,594 | €3,594 | = |
| Profit (loss) carried forward14 | €571,774 | €602,972 | €678,682 | €834,058 | €1.1m | ▲ 28.1% |
| Amounts payable17/49 | €2.2m | €2.4m | €2.1m | €2.3m | €1.4m | ▼ 36.6% |
| Amounts payable after more than one year17 | €842,797 | €676,873 | €527,514 | €378,156 | €228,797 | ▼ 39.5% |
| Financial debts170/4 | €838,038 | €672,113 | €522,755 | €373,396 | €224,038 | ▼ 40.0% |
| Other amounts payable178/9 | €4,760 | €4,760 | €4,760 | €4,760 | €4,760 | = |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €1.6m | €1.9m | €1.2m | ▼ 36.1% |
| Current portion of amounts payable after more than one year42 | €237,062 | €165,924 | €149,358 | €149,358 | €149,358 | = |
| Trade debts44 | €557,418 | €704,491 | €847,207 | €954,363 | €621,223 | ▼ 34.9% |
| Suppliers440/4 | €557,418 | €704,491 | €847,207 | €954,363 | €621,223 | ▼ 34.9% |
| Taxes, remuneration and social security45 | €81,717 | €90,657 | €122,447 | €217,407 | €123,842 | ▼ 43.0% |
| Taxes450/3 | €14,901 | €10,368 | €31,110 | €110,862 | €4,116 | ▼ 96.3% |
| Remuneration and social security454/9 | €66,816 | €80,289 | €91,338 | €106,545 | €119,726 | ▲ 12.4% |
| Other amounts payable47/48 | €473,604 | €773,249 | €458,614 | €560,094 | €307,556 | ▼ 45.1% |
| Accrued charges and deferred income492/3 | €13,321 | €5,690 | €8,466 | €2,072 | €2,189 | ▲ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €533,714 | €329,571 | €475,777 | €655,459 | €534,425 | ▼ 18.5% |
| + Depreciation and write-downs630 | €127,768 | €136,157 | €134,168 | €132,379 | €137,469 | ▲ 3.8% |
| Operating cash flow (approximation) | €661,481 | €465,728 | €609,945 | €787,838 | €671,894 | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | -€87,575 | -€63,632 | -€14,671 | -€123,365 | ▼ 741% |
| Change in cash | - | €209,550 | -€274,075 | €185,210 | -€327,500 | ▼ 277% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Equity above €1mEq €1.2m ▲25.2%
8 profitable years in a row build equity to €1.2m.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
31-12
Financial
Highest result since 2018net €655,459 ▲37.8%
Operating result €923,683, net result €655,459, both a record.
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 107 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Equity above €500,000Eq €669,445 ▲37.8%
4 profitable years in a row build equity to €669,445.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €254,900 ▼13%
Net result drops to €254,900, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Marche-en-Famenne · 1 establishment unit since 2001
Ground area
4,596 m²
Building footprint
2,686 m²
Parcel 83034A0874/00D004, Wallonia. Linked by address, not a title deed.
1 establishment unit
INTERMARCHE
since 20012.094.383.319
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83034A0874/00D004 | Wallonia | 4,596 m² | 1 · 2,686 m² | - |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- SABATIM
- MARCHIM
Highest known parent: SABATIM. The sources do not say who stands above it.
Owners 1
- SABATIMparent99%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
0.02%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of MARCHIM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMarche-en-Famenne2.094.383.319
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 2,075 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474196277
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.