MARCTEX
ActiveSummary
MARCTEX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €584,715 and a net result of -€34,205. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 50% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-58
Solvency81▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.27 in 2024; short-term debt: 4.6% and cash: 0.4% of total assets), and 44.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
28 d late
2022
24 d late
2021
26 d late
2020
31 d late
2019
28 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€584,715▼ 5.5%
2024 · €618,920
Total assets
€1.0m▲ 6.3%
2024 · €987,344
Net result
-€34,205
2024 · €30,429
Working capital
-€33,800▲ 13.0%
2024 · -€38,832
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
Line20212022202320242025
Operating result-€26,499▲ 53.9%-€1,844▲ 93.0%€4,071€30,978▲ 661%-€33,616
Net result-€26,566▲ 53.8%-€2,068▲ 92.2%€3,616€30,429▲ 741%-€34,205
Equity€586,943▼ 4.3%€584,874▼ 0.4%€588,491▲ 0.6%€618,920▲ 5.2%€584,715▼ 5.5%
Total assets€1.1m▼ 8.3%€1.1m▼ 0.4%€1.0m▼ 7.3%€987,344▼ 2.1%€1.0m▲ 6.3%
Debt€505,115▼ 12.4%€503,198▼ 0.4%€420,383▼ 16.5%€368,424▼ 12.4%€464,568▲ 26.1%
Working capital€49,913▼ 43.0%€37,511▼ 24.8%-€10,884-€38,832▼ 257%-€33,800▲ 13.0%
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 2025: a loss of €33,616 after €30,978 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€1.0m ▲ 6.3%
Current assets
€14,767 ▲ 1.2%
Equity and liabilities €1.0m
Equity
€584,715 ▼ 5.5%
Debt
€464,568 ▲ 26.1%
Debt's share of the balance-sheet total rises from 37.3% to 44.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€31,464▼
2024 · €31,449
Cash flow
-€32,052▼
2024 · €30,901
Current ratio
0.30▲
2024 · 0.27
Debt to equity
0.79▲
2024 · 0.60
ROE
-5.8%▼
2024 · 4.9%
ROA
-3.3%▼
2024 · 3.1%
Interest coverage
-446.93▼
2024 · 455.45
Debt ≤ 1 year
€48,568▼
2024 · €53,424
Debt > 1 year
€416,000▲
2024 · €315,000
Income taxes
€521▼
2024 · €596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.5%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 74% 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 2,685 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,945 | €36,517 | €35,851 | €471 | €2,152 | ▲ 357% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €9,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,753 | €2,810 | €4,098 | €3,935 | €3,439 | ▼ 12.6% |
| Gross operating margin9900 | €15,199 | €37,484 | €44,020 | €44,384 | -€28,025 | ▼ 163% |
| Operating profit (loss)9901 | -€26,499 | -€1,844 | €4,071 | €30,978 | -€33,616 | ▼ 209% |
| Financial income75/76B | - | - | €189 | €117 | €4 | ▼ 97.0% |
| Recurring financial income75 | - | - | €189 | €117 | €4 | ▼ 97.0% |
| Financial charges65/66B | €67 | €87 | €69 | €69 | €70 | ▲ 2.0% |
| Recurring financial charges65 | €67 | €87 | €69 | €69 | €70 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€26,566 | -€1,931 | €4,191 | €31,025 | -€33,683 | ▼ 209% |
| Income taxes67/77 | - | €137 | €575 | €596 | €521 | ▼ 12.5% |
| Profit (loss) for the period9904 | -€26,566 | -€2,068 | €3,616 | €30,429 | -€34,205 | ▼ 212% |
| Profit (loss) for the period to be appropriated9905 | -€26,566 | -€2,068 | €3,616 | €30,429 | -€34,205 | ▼ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €987,344 | €1.0m | ▲ 6.3% |
| Fixed assets21/28 | €1.0m | €1.0m | €969,375 | €972,752 | €1.0m | ▲ 6.3% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €969,375 | €972,752 | €1.0m | ▲ 6.3% |
| Land and buildings22 | €761,048 | €742,506 | €723,965 | €723,965 | €723,965 | = |
| Plant, machinery and equipment23 | €275,982 | €258,007 | €245,410 | €248,787 | €248,315 | ▼ 0.2% |
| Furniture and vehicles24 | - | - | - | - | €62,235 | - |
| Current assets29/58 | €55,028 | €87,559 | €39,499 | €14,592 | €14,767 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €5,808 | €5,808 | €7,260 | €1,890 | €8,863 | ▲ 369% |
| Trade receivables40 | €5,808 | €5,808 | €7,260 | €1,890 | €2,374 | ▲ 25.6% |
| Other amounts receivable41 | - | - | - | - | €6,489 | - |
| Cash at bank and in hand54/58 | €49,220 | €81,116 | €32,239 | €12,702 | €3,997 | ▼ 68.5% |
| Deferred charges and accrued income490/1 | - | €635 | €0 | - | €1,908 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €987,344 | €1.0m | ▲ 6.3% |
| Equity10/15 | €586,943 | €584,874 | €588,491 | €618,920 | €584,715 | ▼ 5.5% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €608,900 | €608,900 | €608,900 | €608,900 | €608,900 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €10,000 | €0 | - | - | - |
| Distributable reserves133 | €598,900 | €598,900 | €608,900 | €608,900 | €608,900 | = |
| Profit (loss) carried forward14 | -€121,957 | -€124,026 | -€120,409 | -€89,980 | -€124,185 | ▼ 38.0% |
| Amounts payable17/49 | €505,115 | €503,198 | €420,383 | €368,424 | €464,568 | ▲ 26.1% |
| Amounts payable after more than one year17 | €500,000 | €450,000 | €370,000 | €315,000 | €416,000 | ▲ 32.1% |
| Financial debts170/4 | €500,000 | €450,000 | €370,000 | €315,000 | €416,000 | ▲ 32.1% |
| Amounts payable within one year42/48 | €5,115 | €50,048 | €50,383 | €53,424 | €48,568 | ▼ 9.1% |
| Trade debts44 | - | €44 | €1,103 | €1,963 | €4,874 | ▲ 148% |
| Suppliers440/4 | - | €44 | €1,103 | €1,963 | €4,874 | ▲ 148% |
| Taxes, remuneration and social security45 | €3,775 | €3,705 | €2,678 | €5,004 | €1,086 | ▼ 78.3% |
| Taxes450/3 | €3,775 | €3,705 | €2,678 | €5,004 | €1,086 | ▼ 78.3% |
| Other amounts payable47/48 | €1,340 | €46,299 | €46,602 | €46,458 | €42,608 | ▼ 8.3% |
| Accrued charges and deferred income492/3 | - | €3,150 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,566 | -€2,068 | €3,616 | €30,429 | -€34,205 | ▼ 212% |
| + Depreciation and write-downs630 | €38,945 | €36,517 | €35,851 | €471 | €2,152 | ▲ 357% |
| Operating cash flow (approximation) | €12,379 | €34,449 | €39,467 | €30,901 | -€32,052 | ▼ 204% |
| Investment in fixed assets (approximation) | - | €0 | -€4,713 | -€3,848 | -€63,917 | ▼ 1,561% |
| Change in cash | - | €31,897 | -€48,877 | -€19,537 | -€8,705 | ▲ 55.4% |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €3,616
Net result €3,616 after 4 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 10.76
Current ratio from 4.26 to 10.76; short-term debt falls from €26,875 to €5,115.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€57,504
Net result drops to -€57,504, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
10-07
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2013
17-09
State Gazette act
Board meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB 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, Harelbeke · 1 establishment unit since 2013
Ground area
1.4 ha
Building footprint
185 m²
Volume, LiDAR
961 m³
Parcel 34017B0348/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MARCTEX
since 20132.218.605.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0348/00C000 | Flanders | 1.4 ha | 1 · 185 m² | 9.1 m · 2 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.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 2,143 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
Founded23-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0527960211
Also
9925:BE0527960211
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.