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MARCHIMMO

Active
Public limited companyfounded 199234 yrs activeRue des Savoyards 26, 1495 Villers-la-Ville, BelgiumKBO/BCE: BE 0447.742.991
Summary

MARCHIMMO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€101,148) and a net result of -€2,361. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-2
Solvency11▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
cash: 4.8% of total assets, and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
-13.9%
Return on assets
-0.3%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€101,148
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 d early
2024
57 d early
2023
34 d early
2022
110 d early
2021
52 d early
2020
51 d early
2019
46 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 9 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MARCHIMMO was incorporated on 3 June 1992.1 Total assets fell from EUR 960,003 in 2018 to EUR 727,885 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€101,148▼ 2.4%
2024 · -€98,787
Total assets
€727,885▼ 3.0%
2024 · €750,404
Net result
-€2,361
2024 · €7,086
Working capital
€14,535
2023 · -€27,321
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€9,185▲ 183%€7,724▼ 15.9%€448▼ 94.2%€7,831▲ 1,649%-€2,158
Net result-€1,311▲ 85.9%€1,320-€6,879€7,086-€2,361
Equity-€100,315▼ 1.3%-€98,994▲ 1.3%-€105,874▼ 6.9%-€98,787▲ 6.7%-€101,148▼ 2.4%
Total assets€859,845▼ 4.0%€824,915▼ 4.1%€785,606▼ 4.8%€750,404▼ 4.5%€727,885▼ 3.0%
Debt€960,159▼ 3.5%€923,909▼ 3.8%€891,479▼ 3.5%€849,192▼ 4.7%€829,034▼ 2.4%
Working capital-€253,980▼ 356%-€19,818▲ 92.2%-€27,321▼ 37.9%€14,535
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2021: €9,185€9,185Net result 2021: -€1,311-€1,311Operating result 2022: €7,724€7,724Net result 2022: €1,320€1,320Operating result 2023: €448€448Net result 2023: -€6,879-€6,879Operating result 2024: €7,831€7,831Net result 2024: €7,086€7,086Operating result 2025: -€2,158-€2,158Net result 2025: -€2,361-€2,36120212022202320242025-€10,000-€5,000€0€5,000€10,000Operating result 2023: €448€448Net result 2023: -€6,879-€6,880Operating result 2024: €7,831€7,830Net result 2024: €7,086€7,090Operating result 2025: -€2,158-€2,160Net result 2025: -€2,361-€2,360202320242025
The operating result turns negative in 2025: a loss of €2,158 after €7,831 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €727,885
Fixed assets €692,404 ▼ 5.2%
Current assets €35,482 ▲ 73.9%
Equity and liabilities
Equity-€101,148
Debt€829,034
Equity is negative: debt (€829,034) exceeds the balance-sheet total (€727,885).
Key figures and ratios
2025 value · change against 2024
EBITDA
€35,439▼
2024 · €47,538
Cash flow
€35,235▼
2024 · €46,793
Solvency
-13.9%▼
2024 · -13.2%
ROA
-0.3%▼
2024 · 0.9%
Interest coverage
174.26▲
2024 · 63.84
Debt > 1 year
€829,034▼
2024 · €843,322
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
4.0% stopped otherwise
93% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,242 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€750,404€727,885▼
Fixed assets21/28€730,000€692,404▼
Tangible fixed assets22/27€730,000€692,404▼
Land and buildings22€729,167€691,904▼
Furniture and vehicles24€833€500▼
Current assets29/58€20,404€35,482▲
Amounts receivable within one year40/41€13€270▲
Trade receivables40€13€270▲
Cash at bank and in hand54/58€20,391€35,212▲
Equity and liabilities
Total equity and liabilities10/49€750,404€727,885▼
Equity10/15-€98,787-€101,148▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€1,000€1,000=
Non-distributable reserves130/1€1,000€1,000=
Legal reserve130€1,000€1,000=
Profit (loss) carried forward14-€161,787-€164,148▼
Amounts payable17/49€849,192€829,034▼
Amounts payable after more than one year17€843,322€829,034▼
Financial debts170/4€843,322€829,034▼
Amounts payable within one year42/48€5,869-
Current portion of amounts payable after more than one year42€5,869-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,706€37,596▼
Other operating charges640/8€7,966€7,657▼
Gross operating margin9900€55,504€43,095▼
Operating profit (loss)9901€7,831-€2,158▼
Financial charges65/66B€745€203▼
Recurring financial charges65€745€203▼
Profit (loss) for the period before taxes9903€7,086-€2,361▼
Profit (loss) for the period9904€7,086-€2,361▼
Profit (loss) for the period to be appropriated9905€7,086-€2,361▼
Appropriation of the result
Profit (loss) to be appropriated9906-€161,787-€164,148▼
Profit (loss) brought forward from the previous period14P-€168,874-€161,787▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61-€31,634----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41,388€42,279€41,411€39,706€37,596▼ 5.3%
Other operating charges640/8€6,453€7,189€8,791€7,966€7,657▼ 3.9%
Gross operating margin9900€57,026€57,191€50,650€55,504€43,095▼ 22.4%
Operating profit (loss)9901€9,185€7,724€448€7,831-€2,158▼ 128%
Financial income75/76B€0-----
Recurring financial income75€0-----
Financial charges65/66B€10,496€6,403€7,327€745€203▼ 72.7%
Recurring financial charges65€10,496€6,403€7,327€745€203▼ 72.7%
Profit (loss) for the period before taxes9903-€1,311€1,320-€6,879€7,086-€2,361▼ 133%
Profit (loss) for the period9904-€1,311€1,320-€6,879€7,086-€2,361▼ 133%
Profit (loss) for the period to be appropriated9905-€1,311€1,320-€6,879€7,086-€2,361▼ 133%
Line20212022202320242025Change
Assets
Total assets20/58€859,845€824,915€785,606€750,404€727,885▼ 3.0%
Fixed assets21/28€847,854€809,617€769,707€730,000€692,404▼ 5.2%
Tangible fixed assets22/27€847,854€809,617€769,707€730,000€692,404▼ 5.2%
Land and buildings22€847,854€809,617€768,540€729,167€691,904▼ 5.1%
Furniture and vehicles24--€1,167€833€500▼ 40.0%
Current assets29/58€11,990€15,297€15,899€20,404€35,482▲ 73.9%
Amounts receivable within one year40/41---€13€270▲ 1,990%
Trade receivables40---€13€270▲ 1,990%
Cash at bank and in hand54/58€11,990€15,297€15,899€20,391€35,212▲ 72.7%
Equity and liabilities
Total equity and liabilities10/49€859,845€824,915€785,606€750,404€727,885▼ 3.0%
Equity10/15-€100,315-€98,994-€105,874-€98,787-€101,148▼ 2.4%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€1,021€1,021€1,000€1,000€1,000=
Non-distributable reserves130/1€1,021€1,021€1,000€1,000€1,000=
Legal reserve130€1,000€1,000€1,000€1,000€1,000=
Reserves not available under the articles1311€21€21----
Profit (loss) carried forward14-€163,336-€162,015-€168,874-€161,787-€164,148▼ 1.5%
Amounts payable17/49€960,159€923,909€891,479€849,192€829,034▼ 2.4%
Amounts payable after more than one year17€693,860€888,794€848,260€843,322€829,034▼ 1.7%
Financial debts170/4€693,860€888,794€848,260€843,322€829,034▼ 1.7%
Amounts payable within one year42/48€265,970€35,115€43,220€5,869--
Current portion of amounts payable after more than one year42€36,199€34,653€41,754€5,869--
Trade debts44€31€463€1,466---
Suppliers440/4€31€463€1,466---
Other amounts payable47/48€229,740-----
Accrued charges and deferred income492/3€329-----
Line20212022202320242025Change
Profit (loss) for the period9904-€1,311€1,320-€6,879€7,086-€2,361▼ 133%
+ Depreciation and write-downs630€41,388€42,279€41,411€39,706€37,596▼ 5.3%
Operating cash flow (approximation)€40,077€43,599€34,531€46,793€35,235▼ 24.7%
Investment in fixed assets (approximation)--€4,042-€1,500€0€0-
Change in cash-€3,307€602€4,492€14,820▲ 230%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €7,086
Net result €7,086 after one loss-making year.
31-12
Financial Liquidity times 9current ratio 3.48
Current ratio from 0.37 to 3.48; short-term debt falls from €43,220 to €5,869.
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €1,320
Net result €1,320 after 2 loss-making years.
09-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€9,304
Net result drops to -€9,304, the lowest in the series; recovery starts the following year.
15-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €14
Net result €14 after one loss-making year.
Show earlier events
18-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Villers-la-Ville · 1 establishment unit since 1992
seat establishment approximate The establishment unit on the map
Ground area
1.2 ha
Building footprint
278 m²
Volume, LiDAR
1,544 m³
2 parcels, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
DEDIMMO SA
Rue Robesse 2, 6041 CharleroiNACE 70201
since 19922.058.105.814
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52028B0150/00T002 Wallonia 9,172 m² - -
25102C0065/00R002 Wallonia 2,859 m² 1 · 278 m² 7.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Company details

Identification
Legal formPublic limited company
Founded03-06-1992
Fiscal year end31-12
Contact
E-mail er.marchal@gmail.com
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.