MARCORENOV
ActiveSummary
The computed 12-month bankruptcy probability of MARCORENOV is 3.5% (moderate). The 2024 annual accounts show equity of €41k and a net result of €6k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-25
Solvency60▼-14
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.1 in 2023; short-term debt: 65% and cash: 6% of total assets), but 65.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
34.8%
Return on assets
5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
7 d early
2022
49 d late
2021
73 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€41k▲ 16.7%
2023 · €35k
Total assets
€117k▲ 65.1%
2023 · €71k
Net result
€6k▼ 79.6%
2023 · €29k
Working capital
€39k▲ 12.4%
2023 · €35k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€29k-€-19k€35k€17k▼ 52.7%
Net result€21k-€-20k€29k€6k▼ 79.6%
Equity€26k-€6k▼ 76.0%€35k▲ 461%€41k▲ 16.7%
Total assets€190k-€46k▼ 75.8%€71k▲ 53.7%€117k▲ 65.1%
Debt€164k-€40k▼ 75.7%€36k▼ 9.8%€76k▲ 112%
Working capital€22k-€2k▼ 92.2%€35k▲ 1,973%€39k▲ 12.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €117k
Fixed assets
€1k ▼ 62.6%
Current assets
€115k ▲ 71.7%
Equity and liabilities €117k
Equity
€41k ▲ 16.7%
Debt
€76k ▲ 112%
Debt's share of the balance-sheet total rises from 50.8% to 65.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▼
2023 · €36k
Cash flow
€7k▼
2023 · €30k
Current ratio
1.52▼
2023 · 2.10
Debt to equity
1.87▲
2023 · 1.03
ROE
14.3%▼
2023 · 82.2%
ROA
5.0%▼
2023 · 40.4%
Interest coverage
9.58▼
2023 · 30.01
Debt ≤ 1 year
€76k▲
2023 · €32k
Income taxes
€7k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €188 | €73 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €1k | €1k | ▼ 27.5% |
| Other operating charges640/8 | - | - | €5k | €12k | ▲ 134% |
| Gross operating margin9900 | €31k | €-17k | €42k | €30k | ▼ 28.3% |
| Operating profit (loss)9901 | €29k | €-19k | €35k | €17k | ▼ 52.7% |
| Financial income75/76B | - | €3 | €58 | €224 | ▲ 286% |
| Recurring financial income75 | - | €3 | €58 | €224 | ▲ 286% |
| Financial charges65/66B | €2k | €937 | €1k | €4k | ▲ 216% |
| Recurring financial charges65 | €2k | €937 | €1k | €2k | ▲ 51.4% |
| Non-recurring financial charges66B | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €27k | €-20k | €34k | €13k | ▼ 61.8% |
| Income taxes67/77 | €6k | - | €5k | €7k | ▲ 35.7% |
| Profit (loss) for the period9904 | €21k | €-20k | €29k | €6k | ▼ 79.6% |
| Profit (loss) for the period to be appropriated9905 | €21k | €-20k | €29k | €6k | ▼ 79.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €190k | €46k | €71k | €117k | ▲ 65.1% |
| Formation expenses20 | €322 | - | - | - | - |
| Fixed assets21/28 | €4k | €5k | €3k | €1k | ▼ 62.6% |
| Tangible fixed assets22/27 | €4k | €3k | €1k | €1k | ▼ 12.2% |
| Plant, machinery and equipment23 | €2k | €1k | €512 | - | - |
| Furniture and vehicles24 | €2k | €1k | €974 | €1k | ▲ 34.0% |
| Financial fixed assets28 | - | €2k | €2k | - | - |
| Current assets29/58 | €185k | €41k | €67k | €115k | ▲ 71.7% |
| Amounts receivable within one year40/41 | €183k | €40k | €56k | €108k | ▲ 94.6% |
| Trade receivables40 | €174k | €37k | €48k | €107k | ▲ 122% |
| Other amounts receivable41 | €8k | €3k | €8k | €2k | ▼ 79.7% |
| Cash at bank and in hand54/58 | €2k | €1k | €11k | €7k | ▼ 38.6% |
| Deferred charges and accrued income490/1 | €178 | €127 | €231 | €178 | ▼ 22.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €190k | €46k | €71k | €117k | ▲ 65.1% |
| Equity10/15 | €26k | €6k | €35k | €41k | ▲ 16.7% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €21k | €1k | €30k | €36k | ▲ 19.5% |
| Amounts payable17/49 | €164k | €40k | €36k | €76k | ▲ 112% |
| Amounts payable within one year42/48 | €163k | €40k | €32k | €76k | ▲ 137% |
| Trade debts44 | €155k | €27k | €24k | €63k | ▲ 168% |
| Suppliers440/4 | €155k | €27k | €24k | €63k | ▲ 168% |
| Taxes, remuneration and social security45 | €8k | €8k | €5k | €11k | ▲ 102% |
| Taxes450/3 | €8k | €8k | €5k | €10k | ▲ 98.7% |
| Remuneration and social security454/9 | €338 | - | - | €168 | - |
| Other amounts payable47/48 | - | €4k | €3k | €2k | ▼ 37.3% |
| Accrued charges and deferred income492/3 | €379 | - | €4k | €217 | ▼ 94.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €-20k | €29k | €6k | ▼ 79.6% |
| + Depreciation and write-downs630 | €3k | €2k | €1k | €1k | ▼ 27.5% |
| Operating cash flow (approximation) | €23k | €-18k | €30k | €7k | ▼ 77.1% |
| Investment in fixed assets (approximation) | - | €-2k | €-438 | €1k | ▲ 357% |
| Change in cash | - | €-1k | €10k | €-4k | ▼ 143% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.10
Current ratio from 1.04 to 2.10; short-term debt falls from €40k to €32k.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Pieters-Leeuw · 2 establishment units since 2021
Ground area
8,577 m²
Building footprint
1,516 m²
Volume, LiDAR
1,244 m³
2 parcels, Flanders, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
301
companies at this address
See who is registered here
2 establishment units
MARCORENOV
since 20212.314.127.218
Bergensesteenweg 421, 1600 Sint-Pieters-Leeuw
since 20262.384.261.582
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | - |
| 56057A0346/00E021 | Wallonia | 265 m² | 1 · 186 m² | 10.0 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 3,959 companies in sector 43331 we hold annual accounts for 1,787. 1,524 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
Founded25-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.