MARCOM
ActiveSummary
MARCOM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €353,950 and a net result of -€60,559. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-74
Solvency97▲+20
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 1.89 in 2024; short-term debt: 28.1% and cash: 20.1% of total assets), and 28.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
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
71.8%
Return on assets
-12.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-11-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
77 d early
2023
72 d early
2022
29 d early
2021
28 d early
2020
47 d early
2019
31 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 50 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.5m
EBIT margin
7.5%
Net result
-€60,559
2024 · €49,980
Working capital
€235,026▼ 29.8%
2024 · €334,705
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
Turnover€2.5m
Operating result€189,068▲ 67.7%€56,856▼ 69.9%€59,717▲ 5.0%€59,685▼ 0.1%-€68,017
Net result€163,929above the sector's middle half▲ 67.4%€42,016within the sector's middle half▼ 74.4%€46,388within the sector's middle half▲ 10.4%€49,980within the sector's middle half▲ 7.7%-€60,559below the sector's middle half
EBIT margin7.5%
Equity€502,453within the sector's middle half▼ 3.7%€448,625within the sector's middle half▼ 10.7%€495,013within the sector's middle half▲ 10.3%€414,509within the sector's middle half▼ 16.3%€353,950within the sector's middle half▼ 14.6%
Total assets€847,405within the sector's middle half▲ 13.2%€719,722within the sector's middle half▼ 15.1%€729,207within the sector's middle half▲ 1.3%€791,361within the sector's middle half▲ 8.5%€492,766within the sector's middle half▼ 37.7%
Debt€344,952▲ 52.1%€271,097▼ 21.4%€234,194▼ 13.6%€376,852▲ 60.9%€138,816▼ 63.2%
Working capital€473,615above the sector's middle half▼ 3.0%€417,377within the sector's middle half▼ 11.9%€432,730within the sector's middle half▲ 3.7%€334,705within the sector's middle half▼ 22.7%€235,026within the sector's middle half▼ 29.8%
Solvency59.3%within the sector's middle half▼ 10.4pp62.3%above the sector's middle half▲ 3.0pp67.9%above the sector's middle half▲ 5.6pp52.4%within the sector's middle half▼ 15.5pp71.8%above the sector's middle half▲ 19.4pp
Current ratio2.37within the sector's middle half▼ 0.782.54within the sector's middle half▲ 0.172.85above the sector's middle half▲ 0.311.89within the sector's middle half▼ 0.962.70within the sector's middle half▲ 0.81
Return on assets (ROA)19.3%above the sector's middle half▲ 6.3pp5.8%within the sector's middle half▼ 13.5pp6.4%within the sector's middle half▲ 0.5pp6.3%within the sector's middle half=-12.3%below the sector's middle half▼ 18.6pp
Staff (FTE)11.6above the sector's middle half▲ 8.4%11above the sector's middle half▼ 5.2%11.4above the sector's middle half▲ 3.6%11.1above the sector's middle half▼ 2.6%11.1above the sector's middle half=
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €68,017 after €59,685 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492,766
Fixed assets
€119,124 ▲ 48.4%
Current assets
€373,642 ▼ 47.5%
Equity and liabilities €492,766
Equity
€353,950 ▼ 14.6%
Debt
€138,816 ▼ 63.2%
Debt's share of the balance-sheet total falls from 47.6% to 28.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€43,587▼
2024 · €80,545
Cash flow
-€36,128▼
2024 · €70,840
Quick ratio
2.46▲
2024 · 1.79
Debt to equity
0.39▼
2024 · 0.91
ROE
-17.1%▼
2024 · 12.1%
Interest coverage
-282.53▼
2024 · 504.16
Debt ≤ 1 year
€138,617▼
2024 · €376,368
Income taxes
-€105▼
2024 · €22,399
Staff costs
€441,723▲
2024 · €415,015
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 928 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €2.5m | - | - | - | - | - |
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €384,753 | €431,585 | €415,015 | €441,723 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,850 | €11,839 | €14,490 | €20,859 | €24,431 | ▲ 17.1% |
| Other operating charges640/8 | - | €1,193 | €1,745 | €1,624 | €868 | ▼ 46.6% |
| Non-recurring operating charges66A | - | - | - | - | €1,302 | - |
| Gross operating margin9900 | €587,195 | €454,641 | €507,536 | €497,184 | €400,307 | ▼ 19.5% |
| Operating profit (loss)9901 | €189,068 | €56,856 | €59,717 | €59,685 | -€68,017 | ▼ 214% |
| Financial income75/76B | - | €7,010 | €5,300 | €12,853 | €7,508 | ▼ 41.6% |
| Recurring financial income75 | €6,767 | €7,010 | €5,300 | €12,853 | €7,508 | ▼ 41.6% |
| Financial charges65/66B | - | €116 | €162 | €160 | €154 | ▼ 3.4% |
| Recurring financial charges65 | €60 | €116 | €162 | €160 | €154 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €195,776 | €63,751 | €64,854 | €72,379 | -€60,664 | ▼ 184% |
| Income taxes67/77 | €31,846 | €21,734 | €18,467 | €22,399 | -€105 | ▼ 100% |
| Profit (loss) for the period9904 | €163,929 | €42,016 | €46,388 | €49,980 | -€60,559 | ▼ 221% |
| Transfer from tax-exempt reserves789 | - | €12,593 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €170,087 | €54,609 | €46,388 | €49,980 | -€60,559 | ▼ 221% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €847,405 | €719,722 | €729,207 | €791,361 | €492,766 | ▼ 37.7% |
| Fixed assets21/28 | €29,010 | €31,420 | €62,717 | €80,288 | €119,124 | ▲ 48.4% |
| Tangible fixed assets22/27 | €29,010 | €31,420 | €62,717 | €80,288 | €119,124 | ▲ 48.4% |
| Plant, machinery and equipment23 | - | €21,904 | €56,389 | €76,256 | €107,811 | ▲ 41.4% |
| Furniture and vehicles24 | - | €8,432 | €6,232 | €4,032 | €1,832 | ▼ 54.6% |
| Other tangible fixed assets26 | - | €1,084 | €95 | €0 | €9,481 | - |
| Current assets29/58 | €818,395 | €688,302 | €666,491 | €711,073 | €373,642 | ▼ 47.5% |
| Stocks and contracts in progress3 | €34,713 | €45,104 | €36,430 | €36,395 | €32,045 | ▼ 12.0% |
| Stocks30/36 | - | €45,104 | €36,430 | €36,395 | €32,045 | ▼ 12.0% |
| Amounts receivable within one year40/41 | €648,986 | €565,847 | €575,884 | €434,457 | €233,516 | ▼ 46.3% |
| Trade receivables40 | - | €140,823 | €531,134 | €374,499 | €199,247 | ▼ 46.8% |
| Other amounts receivable41 | - | €425,024 | €44,749 | €59,958 | €34,269 | ▼ 42.8% |
| Cash at bank and in hand54/58 | €127,186 | €69,530 | €46,704 | €232,356 | €98,994 | ▼ 57.4% |
| Deferred charges and accrued income490/1 | - | €7,821 | €7,472 | €7,865 | €9,087 | ▲ 15.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €847,405 | €719,722 | €729,207 | €791,361 | €492,766 | ▼ 37.7% |
| Equity10/15 | €502,453 | €448,625 | €495,013 | €414,509 | €353,950 | ▼ 14.6% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €496,153 | €442,325 | €488,713 | €408,209 | €347,650 | ▼ 14.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €440,465 | €486,853 | €408,209 | €347,650 | ▼ 14.8% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €344,952 | €271,097 | €234,194 | €376,852 | €138,816 | ▼ 63.2% |
| Amounts payable within one year42/48 | €344,780 | €270,925 | €233,760 | €376,368 | €138,617 | ▼ 63.2% |
| Trade debts44 | €100,549 | €110,764 | €80,068 | €96,582 | €72,057 | ▼ 25.4% |
| Suppliers440/4 | - | €110,764 | €80,068 | €96,582 | €72,057 | ▼ 25.4% |
| Taxes, remuneration and social security45 | - | €64,317 | €62,641 | €58,251 | €66,559 | ▲ 14.3% |
| Taxes450/3 | - | €4,621 | €2,431 | €2,059 | €2,778 | ▲ 34.9% |
| Remuneration and social security454/9 | - | €59,695 | €60,210 | €56,191 | €63,781 | ▲ 13.5% |
| Other amounts payable47/48 | - | €95,844 | €91,051 | €221,536 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €172 | €434 | €484 | €200 | ▼ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €163,929 | €42,016 | €46,388 | €49,980 | -€60,559 | ▼ 221% |
| + Depreciation and write-downs630 | €21,850 | €11,839 | €14,490 | €20,859 | €24,431 | ▲ 17.1% |
| Operating cash flow (approximation) | €185,779 | €53,855 | €60,877 | €70,840 | -€36,128 | ▼ 151% |
| Investment in fixed assets (approximation) | - | -€14,249 | -€45,786 | -€38,431 | -€63,267 | ▼ 64.6% |
| Change in cash | - | -€57,656 | -€22,826 | €185,652 | -€133,362 | ▼ 172% |
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
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€60,559
Net result drops to -€60,559, the lowest in the series.
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €163,929 ▲67.4%
Operating result €189,068, net result €163,929, both a record.
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €521,644 ▲7.8%
2 profitable years in a row build equity to €521,644.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Izegem · 1 establishment unit since 2006
Ground area
6,108 m²
Building footprint
2,370 m²
Volume, LiDAR
16,729 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Carrefour
since 20062.154.739.390
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0278/00T000 | Flanders | 4,877 m² | 1 · 1,989 m² | 9.9 m · 2 fl. |
| 36008A0232/00N004 | Flanders | 1,231 m² | 1 · 381 m² | 13.7 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyAartselaar2.154.739.390
Similar companies · same sector, comparable size
AMBROZIJN
BE 0448.172.266
Schilde · Eq €354,230
Hillewaere
BE 0738.696.867
Hooglede · Eq €347,378
Traiteur Blancke
BE 0737.536.035
Pittem · Eq €365,721
KIP ROYAL
BE 0630.959.462
Ingelmunster · Eq €323,051
HOEVEKIP MICH
BE 0846.726.856
Hasselt · Eq €317,738
Of 269 companies in sector 47222 we hold annual accounts for 134. 83 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
Founded07-07-2005
Fiscal year end30-06
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47222Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874932278
Registered
18-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.