MARCOTRANS
ActiveSummary
MARCOTRANS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €73k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 94 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+11
Solvency56▲+13
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.92 in 2024; short-term debt: 57.1% and cash: 27.2% of total assets), and 69.1% 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.
−lowers risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
30.9%
Return on assets
11%
Age of the figures
18 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
19202122232425
2019 to 2025 · latest year €204k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
30 d late
2022
31 d early
2021
2 d late
2020
23 d late
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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€204k▲ 49.7%
2024 · €137k
2019: €219k
2020: €224k▲ +2.3% vs 2019highest in 7 years
2021: €193k▼ -13.9% vs 2020
2022: €221k▲ +14.5% vs 2021
2023: €127k▼ -42.7% vs 2022lowest in 7 years
2024: €137k▲ +7.8% vs 2023
2025: €204k▲ +49.7% vs 2024
2019 → 2025
Total assets
€661k▼ 10.6%
2024 · €740k
2019: €397klowest in 7 years
2020: €438k▲ +10.3% vs 2019
2021: €435k▼ -0.8% vs 2020
2022: €578k▲ +33.1% vs 2021
2023: €633k▲ +9.5% vs 2022
2024: €740k▲ +16.8% vs 2023highest in 7 years
2025: €661k▼ -10.6% vs 2024
2019 → 2025
Net result
€73k▲ 324%
2024 · €17k
2019: €7k
2020: €5k▼ -30.5% vs 2019
2021: €-31k▼ -713% vs 2020lowest in 7 years
2022: €28k▲ +190% vs 2021
2023: €33k▲ +19.3% vs 2022
2024: €17k▼ -48.5% vs 2023
2025: €73k▲ +324% vs 2024highest in 7 years
2019 → 2025
Working capital
€55k
2024 · €-35k
2019: €120k
2020: €151k▲ +25.4% vs 2019
2021: €121k▼ -19.8% vs 2020
2022: €158k▲ +30.7% vs 2021highest in 7 years
2023: €34k▼ -78.3% vs 2022
2024: €-35k▼ -203% vs 2023lowest in 7 years
2025: €55k▲ +255% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€193k-€221k▲ 14.5%€127k▼ 42.7%€137k▲ 7.8%€204k▲ 49.7%
2021: €193k
2022: €221k▲ +14.5% vs 2021highest in 5 years
2023: €127k▼ -42.7% vs 2022lowest in 5 years
2024: €137k▲ +7.8% vs 2023
2025: €204k▲ +49.7% vs 2024
Operating result€-30k-€35k€47k▲ 37.0%€35k▼ 25.3%€125k▲ 252%
2021: €-30klowest in 5 years
2022: €35k▲ +217% vs 2021
2023: €47k▲ +37.0% vs 2022
2024: €35k▼ -25.3% vs 2023
2025: €125k▲ +252% vs 2024highest in 5 years
Net result€-31k-€28k€33k▲ 19.3%€17k▼ 48.5%€73k▲ 324%
2021: €-31klowest in 5 years
2022: €28k▲ +190% vs 2021
2023: €33k▲ +19.3% vs 2022
2024: €17k▼ -48.5% vs 2023
2025: €73k▲ +324% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 252% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661k
Fixed assets
€229k ▼ 29.6%
Current assets
€432k ▲ 4.2%
Equity and liabilities €661k
Equity
€204k ▲ 49.7%
Debt
€456k ▼ 24.3%
Debt's share of the balance-sheet total falls from 81.5% to 69.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253k▲
2024 · €133k
Cash flow
€201k▲
2024 · €115k
Current ratio
1.14▲
2024 · 0.92
Debt to equity
2.23▼
2024 · 4.42
ROE
35.7%▲
2024 · 12.6%
ROA
11.0%▲
2024 · 2.3%
Interest coverage
16.10▲
2024 · 10.00
Debt ≤ 1 year
€377k▼
2024 · €450k
Debt > 1 year
€72k▼
2024 · €147k
Income taxes
€38k▲
2024 · €6k
Staff costs
€484k▼
2024 · €492k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€740k€661k▼
Fixed assets21/28€325k€229k▼
Intangible fixed assets21€24k€15k▼
Tangible fixed assets22/27€300k€213k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€65k€59k▼
Leasing and similar rights25€232k€153k▼
Financial fixed assets28€490€490=
Current assets29/58€415k€432k▲
Amounts receivable within one year40/41€279k€250k▼
Trade receivables40€267k€249k▼
Other amounts receivable41€12k€693▼
Cash at bank and in hand54/58€111k€180k▲
Deferred charges and accrued income490/1€25k€3k▼
Equity and liabilities
Total equity and liabilities10/49€740k€661k▼
Equity10/15€137k€204k▲
Contributions10/11€6k€6k=
Reserves13€130k€198k▲
Tax-exempt reserves132€3k€3k=
Distributable reserves133€127k€195k▲
Amounts payable17/49€603k€456k▼
Amounts payable after more than one year17€147k€72k▼
Financial debts170/4€147k€72k▼
Amounts payable within one year42/48€450k€377k▼
Current portion of amounts payable after more than one year42€84k€78k▼
Financial debts43€2k€10k▲
Credit institutions430/8€2k€10k▲
Trade debts44€189k€141k▼
Suppliers440/4€189k€141k▼
Taxes, remuneration and social security45€67k€60k▼
Taxes450/3€3k€7k▲
Remuneration and social security454/9€64k€53k▼
Other amounts payable47/48€109k€88k▼
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€492k€484k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€128k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€185k€166k▼
Gross operating margin9900€810k€904k▲
Operating profit (loss)9901€35k€125k▲
Financial income75/76B€598€2k▲
Recurring financial income75€598€2k▲
Financial charges65/66B€13k€16k▲
Recurring financial charges65€13k€16k▲
Profit (loss) for the period before taxes9903€23k€111k▲
Income taxes67/77€6k€38k▲
Profit (loss) for the period9904€17k€73k▲
Profit (loss) for the period to be appropriated9905€17k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€73k▲
Transfer from equity791/2€7k€5k▼
Transfer to equity691/2€17k€73k▲
To other reserves6921€17k€73k▲
Profit to be distributed694/7€7k€5k▼
Return on contributions (dividend)694€7k€5k▼
Social balance
Average headcount (FTE)90879.98.3▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Remuneration, social security and pensions62 | - | €425k | €401k | €492k | €484k | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €39k | €53k | €97k | €128k | ▲ 31.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1k | - |
| Other operating charges640/8 | - | €137k | €114k | €185k | €166k | ▼ 9.9% |
| Non-recurring operating charges66A | - | €3k | €6k | - | - | - |
| Gross operating margin9900 | €610k | €639k | €621k | €810k | €904k | ▲ 11.6% |
| Operating profit (loss)9901 | €-30k | €35k | €47k | €35k | €125k | ▲ 252% |
| Financial income75/76B | - | €657 | €322 | €598 | €2k | ▲ 157% |
| Recurring financial income75 | €439 | €657 | €322 | €598 | €2k | ▲ 157% |
| Financial charges65/66B | - | €2k | €6k | €13k | €16k | ▲ 18.0% |
| Recurring financial charges65 | €2k | €2k | €6k | €13k | €16k | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | €-31k | €34k | €42k | €23k | €111k | ▲ 386% |
| Income taxes67/77 | - | €6k | €9k | €6k | €38k | ▲ 580% |
| Profit (loss) for the period9904 | €-31k | €28k | €33k | €17k | €73k | ▲ 324% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €28k | €33k | €17k | €73k | ▲ 324% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €435k | €578k | €633k | €740k | €661k | ▼ 10.6% |
| Fixed assets21/28 | €107k | €138k | €190k | €325k | €229k | ▼ 29.6% |
| Intangible fixed assets21 | €36k | €30k | €17k | €24k | €15k | ▼ 38.3% |
| Tangible fixed assets22/27 | €70k | €108k | €173k | €300k | €213k | ▼ 28.9% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | €2k | ▼ 31.6% |
| Furniture and vehicles24 | - | €45k | €57k | €65k | €59k | ▼ 10.5% |
| Leasing and similar rights25 | - | €64k | €112k | €232k | €153k | ▼ 34.1% |
| Financial fixed assets28 | €490 | €490 | €490 | €490 | €490 | = |
| Current assets29/58 | €328k | €440k | €443k | €415k | €432k | ▲ 4.2% |
| Amounts receivable after more than one year29 | - | €25k | - | - | - | - |
| Other amounts receivable291 | - | €25k | - | - | - | - |
| Amounts receivable within one year40/41 | €253k | €206k | €236k | €279k | €250k | ▼ 10.6% |
| Trade receivables40 | - | €198k | €230k | €267k | €249k | ▼ 6.8% |
| Other amounts receivable41 | - | €8k | €6k | €12k | €693 | ▼ 94.3% |
| Cash at bank and in hand54/58 | €33k | €194k | €193k | €111k | €180k | ▲ 62.0% |
| Deferred charges and accrued income490/1 | - | €15k | €14k | €25k | €3k | ▼ 88.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €435k | €578k | €633k | €740k | €661k | ▼ 10.6% |
| Equity10/15 | €193k | €221k | €127k | €137k | €204k | ▲ 49.7% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €187k | €215k | €120k | €130k | €198k | ▲ 52.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €210k | €116k | €127k | €195k | ▲ 53.3% |
| Amounts payable17/49 | €242k | €357k | €507k | €603k | €456k | ▼ 24.3% |
| Amounts payable after more than one year17 | €34k | €75k | €91k | €147k | €72k | ▼ 51.4% |
| Financial debts170/4 | - | €75k | €91k | €147k | €72k | ▼ 51.4% |
| Amounts payable within one year42/48 | €207k | €282k | €409k | €450k | €377k | ▼ 16.1% |
| Current portion of amounts payable after more than one year42 | - | €27k | €42k | €84k | €78k | ▼ 7.2% |
| Financial debts43 | - | €12k | €8k | €2k | €10k | ▲ 540% |
| Credit institutions430/8 | - | €969 | €506 | €2k | €10k | ▲ 540% |
| Other loans439 | - | €11k | €7k | - | - | - |
| Trade debts44 | €104k | €162k | €172k | €189k | €141k | ▼ 25.3% |
| Suppliers440/4 | - | €162k | €172k | €189k | €141k | ▼ 25.3% |
| Taxes, remuneration and social security45 | - | €77k | €88k | €67k | €60k | ▼ 10.4% |
| Taxes450/3 | - | €11k | €20k | €3k | €7k | ▲ 137% |
| Remuneration and social security454/9 | - | €66k | €68k | €64k | €53k | ▼ 17.5% |
| Other amounts payable47/48 | - | €5k | €99k | €109k | €88k | ▼ 18.9% |
| Accrued charges and deferred income492/3 | - | €342 | €7k | €6k | €7k | ▲ 31.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €28k | €33k | €17k | €73k | ▲ 324% |
| + Depreciation and write-downs630 | €37k | €39k | €53k | €97k | €128k | ▲ 31.3% |
| Operating cash flow (approximation) | €6k | €67k | €86k | €115k | €201k | ▲ 75.2% |
| Investment in fixed assets (approximation) | - | €-71k | €-105k | €-232k | €-32k | ▲ 86.2% |
| Change in cash | - | €161k | €-819 | €-82k | €69k | ▲ 184% |
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
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €73k ▲324%
Operating result €125k, net result €73k, both a record.
31-03
Financial
Equity above €200kEq €204k ▲49.7%
4 profitable years in a row build equity to €204k.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-03
Financial
Equity above €200kEq €221k ▲14.5%
Equity rises from €193k to €221k.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
31-03
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2016
03-10
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 4 acts read
About the unread acts
We know of 4 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
4 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, Kluisbergen · 1 establishment unit since 2002
Ground area
911 m²
Building footprint
169 m²
Volume, LiDAR
644 m³
Parcel 45043A0333/00P000, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Grote Herreweg 199, 9690 Kluisbergen
since 20022.115.523.379
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45043A0333/00P000 | Flanders | 911 m² | 1 · 169 m² | 5.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 360 EUR awarded · 360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 360 EUR | 360 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 700 companies in sector 80010 we hold annual accounts for 349. 247 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
Founded10-07-2002
Fiscal year end31-03
Activities, NACEBEL 2025
52250Logistics services
80010Investigation and private security services
Contact
Website
www.marcotrans.eu
E-mail
cedric@marcotrans.eu
Scores and ratios are computed by Checked and are not a credit decision.