MARCS
Open bankruptcyA bankruptcy procedure is open for MARCS according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €83k and a net result of €-13k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-08-2022, 26 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
26 d late
2020
18 d late
2019
78 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€83k▼ 13.4%
2020 · €96k
2018: €91k
2019: €96k
2020: €96k
2018 → 2021
Total assets
€93k▼ 31.5%
2020 · €135k
2018: €118k
2019: €116k
2020: €135k
2018 → 2021
Net result
€-13k▼ 3,870%
2020 · €-323
2018: €7k
2019: €5k
2020: €-323
2018 → 2021
Working capital
€60k▼ 10.1%
2020 · €67k
2018: €86k
2019: €92k
2020: €67k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€91k-€96k▲ 5.5%€96k▼ 0.3%€83k▼ 13.4%
Operating result€11k-€6k▼ 46.8%€737▼ 87.7%€-10k
Net result€7k-€5k▼ 28.5%€-323€-13k▼ 3,870%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €10k after €737 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €93k
Fixed assets
€23k▼ 20.3%
Current assets
€69k▼ 34.6%
Equity and liabilities €93k
Equity
€83k▼ 13.4%
Debt
€9k▼ 75.8%
The debt ratio falls from 29.0% to 10.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2020 · €3k
Cash flow
€-6k▼
2020 · €2k
Solvency
89.8%▲
2020 · 71.0%
Current ratio
7.42▲
2020 · 2.70
Quick ratio
7.42▲
2020 · 2.70
Debt / equity
0.11
ROE
-15.4%▼
2020 · -0.3%
ROA
-13.8%▼
2020 · -0.2%
Interest coverage
-1.91
Debt
€9k▼
2020 · €39k
Debt ≤ 1 year
€9k▼
2020 · €39k
Income taxes
€651▲
2020 · €-398
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€135k€93k▼
Fixed assets21/28€29k€23k▼
Tangible fixed assets22/27€29k€23k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24-€20k
Current assets29/58€106k€69k▼
Amounts receivable after more than one year29-€66k
Other amounts receivable291-€66k
Amounts receivable within one year40/41€9k€3k▼
Trade receivables40-€3k
Other amounts receivable41-€229
Equity and liabilities
Total equity and liabilities10/49€135k€93k▼
Equity10/15€96k€83k▼
Contributions10/11-€6k
Reserves13€90k€77k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€75k
Amounts payable17/49€39k€9k▼
Amounts payable within one year42/48€39k€9k▼
Trade debts44€34k€6k▼
Suppliers440/4-€6k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3-€146
Income statement
Code20202021
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€7k▲
Gross operating margin9900€4k€-3k▼
Operating profit (loss)9901€737€-10k▼
Financial charges65/66B-€2k
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-721€-12k▼
Income taxes67/77€-398€651▲
Profit (loss) for the period9904€-323€-13k▼
Transfer from tax-exempt reserves789-€4k
Profit (loss) for the period to be appropriated9905€-323€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-9k
Transfer from equity791/2-€9k
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
2025
17-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · MARCS BVBA BERGENEINDE- STRAAT 9, 3454 RUMMEN · event 11-09-2025
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 7.42
Current ratio from 2.70 to 7.42; short-term debt falls from €39k to €9k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 78 days late
2019
15-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 133 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
2014
22-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 53 days late
2013
16-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2009
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.
Ground area
766 m²
Building footprint
177 m²
Volume, LiDAR
721 m³
Parcel 24095C0173/00D003, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MARCS / Broodjes Monique
since 20092.177.642.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24095C0173/00D003 | Flanders | 766 m² | 1 · 177 m² | 6.4 m · 1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS HERSELTSE-
STEENWEG 5, 3200 AARSCHOT |
11-09-2025 → present |
| Curator | GUNTHER
PEETERS HERSELTSESTEENWEG 5, 3200 AARSCHOT- |
11-09-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-02-2009
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.