MARCHOUL
ActiveSummary
MARCHOUL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+92
Solvency71▲+20
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.06 in 2024; short-term debt: 53.5% and cash: 88.1% of total assets), but 53.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
46.4%
Return on assets
27%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €21k
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 13-06-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
31 d early
2023
44 d early
2022
56 d early
2021
41 d early
2020
39 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 139%
2024 · €9k
2018: €14k
2019: €11k
2020: €10k
2021: €600
2022: €5k
2023: €14k
2024: €9k
2018 → 2025
Total assets
€46k▲ 33.2%
2024 · €35k
2018: €28k
2019: €32k
2020: €36k
2021: €18k
2022: €21k
2023: €39k
2024: €35k
2018 → 2025
Net result
€12k
2024 · €-5k
2018: €-5k
2019: €-4k
2020: €-789
2021: €-9k
2022: €1k
2023: €9k
2024: €-5k
2018 → 2025
Working capital
€17k▲ 953%
2024 · €2k
2018: €14k
2019: €11k
2020: €10k
2021: €430
2022: €5k
2023: €10k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€600-€5k▲ 690%€14k▲ 196%€9k▼ 36.0%€21k▲ 139%
Operating result€-9k-€6k€16k▲ 170%€-851€20k
Net result€-9k-€1k€9k▲ 713%€-5k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €851 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€5k ▼ 33.3%
Current assets
€41k ▲ 51.3%
Equity and liabilities €46k
Equity
€21k ▲ 139%
Debt
€25k ▼ 3.7%
Debt's share of the balance-sheet total falls from 74.1% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €1k
Cash flow
€15k▲
2024 · €-3k
Current ratio
1.67▲
2024 · 1.06
Debt to equity
1.15▼
2024 · 2.86
ROE
58.1%▲
2024 · -56.3%
ROA
27.0%▲
2024 · -14.6%
Interest coverage
23.85▲
2024 · 0.92
Debt ≤ 1 year
€25k▼
2024 · €26k
Income taxes
€6k▲
2024 · €3k
Staff costs
€78k▲
2024 · €74k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€35k€46k▲
Fixed assets21/28€7k€5k▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€180€180=
Current assets29/58€27k€41k▲
Amounts receivable within one year40/41€716€0▼
Trade receivables40€716€0▼
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€26k€41k▲
Deferred charges and accrued income490/1€738€574▼
Equity and liabilities
Total equity and liabilities10/49€35k€46k▲
Equity10/15€9k€21k▲
Contributions10/11€15k€15k=
Reserves13€2k€5k▲
Distributable reserves133€2k€5k▲
Profit (loss) carried forward14€-8k€2k▲
Amounts payable17/49€26k€25k▼
Amounts payable within one year42/48€26k€25k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€9k€10k▲
Remuneration and social security454/9€10k€12k▲
Other amounts payable47/48€1k€1k▼
Accrued charges and deferred income492/3€0€4▲
Income statement
Code20242025
Remuneration, social security and pensions62€74k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€436€450▲
Gross operating margin9900€76k€101k▲
Operating profit (loss)9901€-851€20k▲
Financial income75/76B€6€4▼
Recurring financial income75€6€4▼
Financial charges65/66B€1k€927▼
Recurring financial charges65€1k€927▼
Profit (loss) for the period before taxes9903€-2k€19k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€-5k€12k▲
Profit (loss) for the period to be appropriated9905€-5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€4k▲
Profit (loss) brought forward from the previous period14P€-3k€-8k▼
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after 4 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Huy · 1 establishment unit since 1999
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.
Avenue Pierre Dijon 124500 HuyGround area
680 m²
Building footprint
127 m²
Volume, LiDAR
669 m³
Parcel 61322A0018/00L002, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Pierre Dijon 12, 4500 Huy
since 19992.131.304.784
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61322A0018/00L002 | Wallonia | 680 m² | 1 · 127 m² | 7.0 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.
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,015 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.