Marchimmo
ActiveSummary
Marchimmo has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€287,841) and a net result of -€45,012. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+16
Solvency11▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 34.56 in 2024; short-term debt: 7.2% and cash: 0.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 2025Solvency, return and age of the figures
Solvency
-13.8%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€287,841
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 8 filingsDeviation from the deadline
2025
28 d late
2024
80 d late
2023
258 d late
2022
66 d early
2021
54 d early
2020
50 d early
2019
36 d early
← 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 23 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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 28 August (4 of the last 5 filed years within 94 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, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€45,012▼ 19.4%
2024 · -€37,711
Working capital
-€109,409
2024 · €81,206
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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€17,894€7,746▼ 56.7%-€22,470-€37,622▼ 67.4%-€44,526▼ 18.4%
Net result€17,820within the sector's middle half€7,537within the sector's middle half▼ 57.7%-€25,157below the sector's middle half-€37,711below the sector's middle half▼ 49.9%-€45,012below the sector's middle half▼ 19.4%
Equity€29,646within the sector's middle half▲ 151%€37,183within the sector's middle half▲ 25.4%€12,027within the sector's middle half▼ 67.7%-€7,685within the sector's middle half-€287,841below the sector's middle half▼ 3,646%
Total assets€33,310below the sector's middle half▲ 57.9%€65,644below the sector's middle half▲ 97.1%€48,400below the sector's middle half▼ 26.3%€182,557within the sector's middle half▲ 277%€2.1mabove the sector's middle half▲ 1,044%
Debt€3,664▼ 60.5%€28,461▲ 677%€36,373▲ 27.8%€190,241▲ 423%€2.4m▲ 1,149%
Working capital€23,165within the sector's middle half▲ 157%-€6,823within the sector's middle half-€19,174within the sector's middle half▼ 181%€81,206above the sector's middle half-€109,409within the sector's middle half
Solvency89.0%above the sector's middle half▲ 32.9pp56.6%above the sector's middle half▼ 32.4pp24.8%within the sector's middle half▼ 31.8pp-4.2%within the sector's middle half▼ 29.1pp-13.8%below the sector's middle half▼ 9.6pp
Current ratio7.32above the sector's middle half▲ 5.350.76within the sector's middle half▼ 6.560.47within the sector's middle half▼ 0.2934.56above the sector's middle half▲ 34.080.28within the sector's middle half▼ 34.28
Return on assets (ROA)53.5%above the sector's middle half▲ 72.7pp11.5%above the sector's middle half▼ 42.0pp-52.0%below the sector's middle half▼ 63.5pp-20.7%below the sector's middle half▲ 31.3pp-2.2%within the sector's middle half▲ 18.5pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44,526 in 2025 against €37,622 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€2.0m ▲ 1,968%
Current assets
€41,750 ▼ 50.1%
Key figures and ratios
EBITDA
-€30,537▼
2024 · -€24,737
Cash flow
-€31,023▼
2024 · -€24,827
Debt to equity
-8.25▲
2024 · -24.76
Interest coverage
-214.67▲
2024 · -252.42
Debt ≤ 1 year
€151,159▲
2024 · €2,420
Debt > 1 year
€2.2m▲
2024 · €187,821
Income taxes
€344▲
2024 · €4
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,171 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
1.7%
went bankrupt
2.6%
stopped otherwise
95%
still going
A further 1.2% 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 497,662 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 1,171 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,170 | €7,260 | €12,805 | €12,885 | €13,989 | ▲ 8.6% |
| Other operating charges640/8 | €999 | €41 | €772 | €508 | €6,240 | ▲ 1,128% |
| Gross operating margin9900 | €21,063 | €15,047 | -€8,893 | -€24,229 | -€24,297 | ▼ 0.3% |
| Operating profit (loss)9901 | €17,894 | €7,746 | -€22,470 | -€37,622 | -€44,526 | ▼ 18.4% |
| Financial income75/76B | - | - | - | €12 | - | - |
| Recurring financial income75 | - | - | - | €12 | - | - |
| Financial charges65/66B | €74 | €209 | €167 | €98 | €142 | ▲ 45.2% |
| Recurring financial charges65 | €74 | €209 | €167 | €98 | €142 | ▲ 45.2% |
| Profit (loss) for the period before taxes9903 | €17,820 | €7,537 | -€22,637 | -€37,708 | -€44,668 | ▼ 18.5% |
| Income taxes67/77 | - | - | €2,520 | €4 | €344 | ▲ 9,178% |
| Profit (loss) for the period9904 | €17,820 | €7,537 | -€25,157 | -€37,711 | -€45,012 | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €17,820 | €7,537 | -€25,157 | -€37,711 | -€45,012 | ▼ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,310 | €65,644 | €48,400 | €182,557 | €2.1m | ▲ 1,044% |
| Fixed assets21/28 | €6,481 | €44,006 | €31,201 | €98,930 | €2.0m | ▲ 1,968% |
| Tangible fixed assets22/27 | €6,481 | €44,006 | €31,201 | €98,930 | €2.0m | ▲ 1,968% |
| Land and buildings22 | - | - | - | €78,924 | €232,997 | ▲ 195% |
| Furniture and vehicles24 | €6,481 | €44,006 | €31,201 | €20,006 | €12,907 | ▼ 35.5% |
| Other tangible fixed assets26 | - | - | - | - | €1.8m | - |
| Current assets29/58 | €26,829 | €21,638 | €17,199 | €83,626 | €41,750 | ▼ 50.1% |
| Amounts receivable within one year40/41 | €1,573 | €13,119 | €9,676 | €22,629 | €29,270 | ▲ 29.3% |
| Trade receivables40 | €1,573 | €7,260 | €2,855 | €6,513 | €19,769 | ▲ 204% |
| Other amounts receivable41 | - | €5,859 | €6,821 | €16,116 | €9,501 | ▼ 41.0% |
| Cash at bank and in hand54/58 | €25,256 | €8,519 | €7,523 | €58,998 | €12,481 | ▼ 78.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,310 | €65,644 | €48,400 | €182,557 | €2.1m | ▲ 1,044% |
| Equity10/15 | €29,646 | €37,183 | €12,027 | -€7,685 | -€287,841 | ▼ 3,646% |
| Contributions10/11 | €22,000 | €22,000 | €22,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | €7,646 | €15,183 | -€9,973 | -€47,685 | -€327,841 | ▼ 588% |
| Amounts payable17/49 | €3,664 | €28,461 | €36,373 | €190,241 | €2.4m | ▲ 1,149% |
| Amounts payable after more than one year17 | - | - | - | €187,821 | €2.2m | ▲ 1,084% |
| Other amounts payable178/9 | - | - | - | €187,821 | €2.2m | ▲ 1,084% |
| Amounts payable within one year42/48 | €3,664 | €28,461 | €36,373 | €2,420 | €151,159 | ▲ 6,146% |
| Trade debts44 | €242 | €676 | €2,527 | - | - | - |
| Suppliers440/4 | €242 | €676 | €2,527 | - | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €1,349 | - |
| Taxes, remuneration and social security45 | €3,422 | - | - | - | €134 | - |
| Taxes450/3 | €3,422 | - | - | - | €134 | - |
| Other amounts payable47/48 | - | €27,785 | €33,846 | €2,420 | €149,676 | ▲ 6,085% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,820 | €7,537 | -€25,157 | -€37,711 | -€45,012 | ▼ 19.4% |
| + Depreciation and write-downs630 | €2,170 | €7,260 | €12,805 | €12,885 | €13,989 | ▲ 8.6% |
| Operating cash flow (approximation) | €19,990 | €14,797 | -€12,352 | -€24,827 | -€31,023 | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | -€44,785 | €0 | -€80,614 | -€2.0m | ▼ 2,333% |
| Change in cash | - | -€16,737 | -€996 | €51,475 | -€46,517 | ▼ 190% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€45,012
Net result drops to -€45,012, the lowest in the series.
19-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 80 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 258 days late
2024
31-12
Financial
Liquidity times 73current ratio 34.56
Current ratio from 0.47 to 34.56; short-term debt falls from €36,373 to €2,420.
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €17,820
Net result €17,820 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.32
Current ratio from 1.97 to 7.32; short-term debt falls from €9,270 to €3,664.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €10,435
Net result €10,435 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.04
Current ratio from 2.35 to 5.04.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Walcourt · 1 establishment unit since 2018
Ground area
6,040 m²
Building footprint
1,368 m²
Volume, LiDAR
5,882 m³
2 parcels, Brussels, Wallonia · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ombre & Lumière
since 20182.274.189.051
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93076D0036/00F000 | Wallonia | 5,204 m² | 1 · 534 m² | - |
| 21384D0280/00N036 | Brussels | 836 m² | 1 · 833 m² | 20.0 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.
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 538 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
Founded16-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
55900Accommodation
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692626124
Registered
13-11-2025
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.