MARCOVINAL
ActiveMARCOVINAL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €-14k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 58% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency96▼-2
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.82 in 2024), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2025Solvency, return and age of the figures
Solvency
52.8%
Return on assets
-11.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€14k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
99 d late
2023
91 d late
2022
121 d late
2021
78 d late
2020
61 d late
2019
105 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€64k▼ 17.8%
2024 · €78k
2018: €68k
2019: €81k
2020: €89k
2021: €102k
2022: €115k
2023: €99k
2024: €78k
2018 → 2025
Total assets
€122k▼ 7.8%
2024 · €132k
2018: €155k
2019: €172k
2020: €142k
2021: €174k
2022: €179k
2023: €165k
2024: €132k
2018 → 2025
Net result
€-14k▲ 33.4%
2024 · €-21k
2018: €21k
2019: €13k
2020: €7k
2021: €14k
2022: €13k
2023: €-16k
2024: €-21k
2018 → 2025
Working capital
€80k▼ 3.2%
2024 · €82k
2018: €78k
2019: €93k
2020: €87k
2021: €101k
2022: €114k
2023: €100k
2024: €82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€115k▲ 12.2%€99k▼ 13.5%€78k▼ 21.1%€64k▼ 17.8%
Operating result€19k-€16k▼ 17.0%€-15k€-20k▼ 39.6%€-13k▲ 34.2%
Net result€14k-€13k▼ 8.2%€-16k€-21k▼ 35.3%€-14k▲ 33.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€1k▼ 70.3%
Current assets
€120k▼ 5.5%
Equity and liabilities €122k
Equity
€64k▼ 17.8%
Debt
€58k▲ 6.8%
The debt ratio rises from 40.7% to 47.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-10k▲
2024 · €-16k
Cash flow
€-11k▲
2024 · €-17k
Solvency
52.8%▼
2024 · 59.3%
Current ratio
2.95▲
2024 · 2.82
Quick ratio
1.18▼
2024 · 1.18
Debt / equity
0.89▲
2024 · 0.69
ROE
-21.7%▲
2024 · -26.8%
ROA
-11.5%▲
2024 · -15.9%
Interest coverage
-18.32▲
2024 · -26.39
Debt
€58k▲
2024 · €54k
Debt ≤ 1 year
€41k▼
2024 · €45k
Debt > 1 year
€17k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€132k€122k▼
Fixed assets21/28€5k€1k▼
Tangible fixed assets22/27€4k€572▼
Furniture and vehicles24€4k€572▼
Financial fixed assets28€837€837=
Current assets29/58€127k€120k▼
Stocks and contracts in progress3€74k€73k▼
Stocks30/36€74k€73k▼
Amounts receivable within one year40/41€42k€33k▼
Trade receivables40€39k€32k▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€11k€14k▲
Deferred charges and accrued income490/1€1k€720▼
Equity and liabilities
Total equity and liabilities10/49€132k€122k▼
Equity10/15€78k€64k▼
Contributions10/11€19k€19k=
Reserves13€56k€41k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€54k€39k▼
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€54k€58k▲
Amounts payable after more than one year17€9k€17k▲
Other amounts payable178/9€9k€17k▲
Amounts payable within one year42/48€45k€41k▼
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€30k€35k▲
Suppliers440/4€30k€35k▲
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€400€500▲
Other amounts payable47/48€7k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-14k€-9k▲
Operating profit (loss)9901€-20k€-13k▲
Financial income75/76B€22€9▼
Recurring financial income75€22€9▼
Financial charges65/66B€614€551▼
Recurring financial charges65€614€551▼
Profit (loss) for the period before taxes9903€-21k€-14k▲
Profit (loss) for the period9904€-21k€-14k▲
Profit (loss) for the period to be appropriated9905€-21k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-10k▲
Profit (loss) brought forward from the previous period14P€5k€4k▼
Transfer from equity791/2€20k€15k▼
The notes to these accounts (5 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
2024
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Equity above €100kEq €102k ▲15.3%
4 profitable years in a row build equity to €102k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 223 days late
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 308 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Saint-Ghislain · 1 establishment unit since 1993
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.
Rue Max Eloy(S) 337332 Saint-GhislainGround area
1,742 m²
Building footprint
123 m²
Volume, LiDAR
600 m³
Parcel 53073A0678/00L000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARCOVINAL
since 19932.062.953.933
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53073A0678/00L000 | Wallonia | 1,742 m² | 1 · 123 m² | 6.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteErquelinnes2.062.953.933
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Of 1,570 companies in sector 46349 we hold annual accounts for 980. 630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-1993
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
51340
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:thereseverbaeys@yahoo.fr
Phone:0495 22 56 10