MARCU CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MARCU CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €16k and a net result of €7k. Equity is shrinking by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-13
Solvency31▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.73 against 0.65 in 2024; short-term debt: 73.3% and cash: 1.2% of total assets), and 94.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
5.9%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 12%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
24 d early
2023
on the day
2022
60 d early
2021
4 d early
2020
18 d early
2019
3 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▲ 73.8%
2024 · €9k
2019: €24k
2020: €25k▲ +6.8% vs 2019
2021: €29k▲ +13.8% vs 2020
2022: €51k▲ +77.0% vs 2021highest in 7 years
2023: €-2k▼ -104% vs 2022lowest in 7 years
2024: €9k▲ +607% vs 2023
2025: €16k▲ +73.8% vs 2024
2019 → 2025
Total assets
€275k▲ 141%
2024 · €114k
2019: €54klowest in 7 years
2020: €60k▲ +10.3% vs 2019
2021: €66k▲ +10.0% vs 2020
2022: €124k▲ +88.7% vs 2021
2023: €172k▲ +39.2% vs 2022
2024: €114k▼ -33.6% vs 2023
2025: €275k▲ +141% vs 2024highest in 7 years
2019 → 2025
Net result
€7k▼ 38.3%
2024 · €11k
2019: €20k
2020: €2k▼ -91.9% vs 2019
2021: €3k▲ +118% vs 2020
2022: €23k▲ +568% vs 2021highest in 7 years
2023: €-53k▼ -326% vs 2022lowest in 7 years
2024: €11k▲ +121% vs 2023
2025: €7k▼ -38.3% vs 2024
2019 → 2025
Working capital
€-55k▼ 86.3%
2024 · €-29k
2019: €8k
2020: €2k▼ -71.7% vs 2019
2021: €2k▼ -22.7% vs 2020
2022: €26k▲ +1390% vs 2021highest in 7 years
2023: €-77k▼ -399% vs 2022lowest in 7 years
2024: €-29k▲ +61.7% vs 2023
2025: €-55k▼ -86.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€51k▲ 77.0%€-2k€9k€16k▲ 73.8%
2021: €29k
2022: €51k▲ +77.0% vs 2021highest in 5 years
2023: €-2k▼ -104% vs 2022lowest in 5 years
2024: €9k▲ +607% vs 2023
2025: €16k▲ +73.8% vs 2024
Operating result€8k-€34k▲ 326%€-45k€52k€16k▼ 68.6%
2021: €8k
2022: €34k▲ +326% vs 2021
2023: €-45k▼ -233% vs 2022lowest in 5 years
2024: €52k▲ +216% vs 2023highest in 5 years
2025: €16k▼ -68.6% vs 2024
Net result€3k-€23k▲ 568%€-53k€11k€7k▼ 38.3%
2021: €3k
2022: €23k▲ +568% vs 2021highest in 5 years
2023: €-53k▼ -326% vs 2022lowest in 5 years
2024: €11k▲ +121% vs 2023
2025: €7k▼ -38.3% vs 2024
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 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275k
Fixed assets
€128k ▲ 111%
Current assets
€147k ▲ 175%
Equity and liabilities €275k
Equity
€16k ▲ 73.8%
Debt
€259k ▲ 147%
Debt's share of the balance-sheet total rises from 91.8% to 94.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▼
2024 · €72k
Cash flow
€28k▼
2024 · €31k
Current ratio
0.73▲
2024 · 0.65
Debt to equity
16.00▲
2024 · 11.27
ROE
42.5%▼
2024 · 119.7%
ROA
2.5%▼
2024 · 9.8%
Interest coverage
5.48▼
2024 · 7.28
Debt ≤ 1 year
€202k▲
2024 · €83k
Debt > 1 year
€56k▲
2024 · €22k
Income taxes
€3k▲
2024 · €904
Staff costs
€29k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€114k€275k▲
Fixed assets21/28€61k€128k▲
Tangible fixed assets22/27€60k€127k▲
Plant, machinery and equipment23€19k€23k▲
Furniture and vehicles24€40k€104k▲
Financial fixed assets28€1k€1k=
Current assets29/58€53k€147k▲
Amounts receivable within one year40/41€42k€70k▲
Trade receivables40€16k€16k▼
Other amounts receivable41€26k€54k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€9k€73k▲
Equity and liabilities
Total equity and liabilities10/49€114k€275k▲
Equity10/15€9k€16k▲
Contributions10/11€4k€4k=
Reserves13€44k€44k=
Distributable reserves133€44k€44k=
Profit (loss) carried forward14€-39k€-32k▲
Amounts payable17/49€105k€259k▲
Amounts payable after more than one year17€22k€56k▲
Financial debts170/4€22k€56k▲
Amounts payable within one year42/48€83k€202k▲
Current portion of amounts payable after more than one year42€18k€60k▲
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€42k€115k▲
Suppliers440/4€42k€115k▲
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€5k€8k▲
Other amounts payable47/48€5k€11k▲
Accrued charges and deferred income492/3€33€849▲
Income statement
Code20242025
Remuneration, social security and pensions62-€29k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€76k€74k▼
Operating profit (loss)9901€52k€16k▼
Financial income75/76B€6€101▲
Recurring financial income75€6€101▲
Financial charges65/66B€40k€7k▼
Recurring financial charges65€10k€7k▼
Non-recurring financial charges66B€30k-
Profit (loss) for the period before taxes9903€12k€10k▼
Income taxes67/77€904€3k▲
Profit (loss) for the period9904€11k€7k▼
Profit (loss) for the period to be appropriated9905€11k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-32k▲
Profit (loss) brought forward from the previous period14P€-50k€-39k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €29k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €11k | €27k | €20k | €21k | ▲ 6.7% |
| Other operating charges640/8 | €833 | €963 | €5k | €4k | €7k | ▲ 66.9% |
| Non-recurring operating charges66A | €577 | €268 | €406 | - | - | - |
| Gross operating margin9900 | €19k | €46k | €-12k | €76k | €74k | ▼ 2.9% |
| Operating profit (loss)9901 | €8k | €34k | €-45k | €52k | €16k | ▼ 68.6% |
| Financial income75/76B | €36 | €47 | €141 | €6 | €101 | ▲ 1,518% |
| Recurring financial income75 | €36 | €47 | €141 | €6 | €101 | ▲ 1,518% |
| Financial charges65/66B | €3k | €1k | €7k | €40k | €7k | ▼ 82.9% |
| Recurring financial charges65 | €3k | €1k | €7k | €10k | €7k | ▼ 30.8% |
| Non-recurring financial charges66B | - | - | - | €30k | - | - |
| Profit (loss) for the period before taxes9903 | €5k | €33k | €-52k | €12k | €10k | ▼ 20.2% |
| Income taxes67/77 | €2k | €9k | €662 | €904 | €3k | ▲ 203% |
| Profit (loss) for the period9904 | €3k | €23k | €-53k | €11k | €7k | ▼ 38.3% |
| Profit (loss) for the period to be appropriated9905 | €3k | €23k | €-53k | €11k | €7k | ▼ 38.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €124k | €172k | €114k | €275k | ▲ 141% |
| Fixed assets21/28 | €33k | €27k | €115k | €61k | €128k | ▲ 111% |
| Tangible fixed assets22/27 | €32k | €26k | €114k | €60k | €127k | ▲ 112% |
| Plant, machinery and equipment23 | €17k | €17k | €17k | €19k | €23k | ▲ 20.5% |
| Furniture and vehicles24 | €3k | €3k | €95k | €40k | €104k | ▲ 157% |
| Leasing and similar rights25 | €13k | €6k | €1k | - | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €32k | €97k | €57k | €53k | €147k | ▲ 175% |
| Amounts receivable within one year40/41 | €30k | €93k | €46k | €42k | €70k | ▲ 66.6% |
| Trade receivables40 | €15k | €56k | €31k | €16k | €16k | ▼ 0.6% |
| Other amounts receivable41 | €15k | €37k | €14k | €26k | €54k | ▲ 108% |
| Cash at bank and in hand54/58 | €455 | €0 | - | €2k | €3k | ▲ 62.1% |
| Deferred charges and accrued income490/1 | €2k | €3k | €12k | €9k | €73k | ▲ 701% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €124k | €172k | €114k | €275k | ▲ 141% |
| Equity10/15 | €29k | €51k | €-2k | €9k | €16k | ▲ 73.8% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves13 | €22k | €44k | €44k | €44k | €44k | = |
| Non-distributable reserves130/1 | €22k | - | - | - | - | - |
| Other1319 | €22k | - | - | - | - | - |
| Distributable reserves133 | - | €44k | €44k | €44k | €44k | = |
| Profit (loss) carried forward14 | €2k | €2k | €-50k | €-39k | €-32k | ▲ 17.6% |
| Amounts payable17/49 | €37k | €73k | €174k | €105k | €259k | ▲ 147% |
| Amounts payable after more than one year17 | €6k | €1k | €40k | €22k | €56k | ▲ 155% |
| Financial debts170/4 | €6k | €1k | €40k | €22k | €56k | ▲ 155% |
| Amounts payable within one year42/48 | €30k | €71k | €134k | €83k | €202k | ▲ 144% |
| Current portion of amounts payable after more than one year42 | €6k | €4k | €34k | €18k | €60k | ▲ 239% |
| Financial debts43 | - | €3k | €14k | €10k | - | - |
| Credit institutions430/8 | - | €3k | €14k | €10k | - | - |
| Trade debts44 | €23k | €45k | €66k | €42k | €115k | ▲ 174% |
| Suppliers440/4 | €23k | €45k | €66k | €42k | €115k | ▲ 174% |
| Taxes, remuneration and social security45 | €2k | €19k | €19k | €8k | €15k | ▲ 92.5% |
| Taxes450/3 | €2k | €18k | €18k | €2k | €7k | ▲ 200% |
| Remuneration and social security454/9 | - | €346 | €2k | €5k | €8k | ▲ 45.5% |
| Other amounts payable47/48 | - | €808 | €808 | €5k | €11k | ▲ 129% |
| Accrued charges and deferred income492/3 | €515 | - | - | €33 | €849 | ▲ 2,491% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €23k | €-53k | €11k | €7k | ▼ 38.3% |
| + Depreciation and write-downs630 | €10k | €11k | €27k | €20k | €21k | ▲ 6.7% |
| Operating cash flow (approximation) | €14k | €35k | €-25k | €31k | €28k | ▼ 9.5% |
| Investment in fixed assets (approximation) | - | €-5k | €-115k | €34k | €-88k | ▼ 359% |
| Change in cash | - | €-455 | - | - | €1k | - |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €23k ▲568%
Net result €23k, the highest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Manage · 1 establishment unit since 2018
Ground area
600 m²
Building footprint
60 m²
Volume, LiDAR
503 m³
Parcel 52035B0179/00Y000, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Marcu Construct
since 20182.282.566.980
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52035B0179/00Y000 | Wallonia | 600 m² | 1 · 60 m² | 10.7 m · 3 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 8,568 companies in sector 43410 we hold annual accounts for 4,363. 2,806 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
Founded28-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
41001General construction of residential buildings
41003General construction of other non-residential buildings
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43343Specialised construction activities
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.