MAREC
ActiveMAREC has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €647k and a net result of €-62k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency96▼-1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.21 against 9.06 in 2023), and 46.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 2024Solvency, return and age of the figures
Solvency
53.1%
Return on assets
-5.1%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-11-2025, 113 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
113 d late
2023
65 d late
2022
30 d late
2021
153 d late
2020
152 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€647k▼ 8.7%
2023 · €709k
2018: €213k
2019: €192k
2020: €208k
2021: €228k
2022: €226k
2023: €709k
2018 → 2024
Total assets
€1.22M▼ 2.5%
2023 · €1.25M
2018: €757k
2019: €508k
2020: €532k
2021: €571k
2022: €863k
2023: €1.25M
2018 → 2024
Net result
€-62k
2023 · €483k
2018: €-2k
2019: €-21k
2020: €16k
2021: €20k
2022: €-2k
2023: €483k
2018 → 2024
Working capital
€553k▼ 11.8%
2023 · €627k
2018: €215k
2019: €232k
2020: €201k
2021: €180k
2022: €188k
2023: €627k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€208k-€228k▲ 9.5%€226k▼ 0.9%€709k▲ 213%€647k▼ 8.7%
Operating result€28k-€34k▲ 23.4%€6k▼ 82.0%€-52k€-41k▲ 21.5%
Net result€16k-€20k▲ 22.5%€-2k€483k€-62k
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 €41k in 2024 against €52k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.22M
Fixed assets
€535k▼ 2.0%
Current assets
€684k▼ 2.9%
Equity and liabilities €1.22M
Equity
€647k▼ 8.7%
Provisions
€163=
Debt
€572k▲ 5.7%
The debt ratio rises from 43.3% to 46.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-18k▲
2023 · €-22k
Cash flow
€-39k▼
2023 · €513k
Solvency
53.1%▼
2023 · 56.7%
Current ratio
5.21▼
2023 · 9.06
Quick ratio
5.21▼
2023 · 9.06
Debt / equity
0.88▲
2023 · 0.76
ROE
-9.6%▼
2023 · 68.1%
ROA
-5.1%▼
2023 · 38.6%
Interest coverage
-0.85▲
2023 · -1.02
Debt
€572k▲
2023 · €542k
Debt ≤ 1 year
€131k▲
2023 · €78k
Debt > 1 year
€441k▼
2023 · €464k
Income taxes
€273▼
2023 · €49k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.25M€1.22M▼
Fixed assets21/28€546k€535k▼
Tangible fixed assets22/27€443k€427k▼
Land and buildings22€431k€416k▼
Furniture and vehicles24€13k€10k▼
Financial fixed assets28€103k€109k▲
Current assets29/58€705k€684k▼
Amounts receivable within one year40/41€626k€668k▲
Trade receivables40€42k€132k▲
Other amounts receivable41€584k€536k▼
Cash at bank and in hand54/58€59k€11k▼
Deferred charges and accrued income490/1€20k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.22M▼
Equity10/15€709k€647k▼
Contributions10/11€19k€19k=
Reserves13€485k€485k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€316€316=
Distributable reserves133€483k€483k=
Profit (loss) carried forward14€205k€143k▼
Provisions and deferred taxes16€163€163=
Deferred taxes168€163€163=
Amounts payable17/49€542k€572k▲
Amounts payable after more than one year17€464k€441k▼
Financial debts170/4€464k€441k▼
Amounts payable within one year42/48€78k€131k▲
Current portion of amounts payable after more than one year42€22k€23k▲
Trade debts44€165€24k▲
Suppliers440/4€165€24k▲
Taxes, remuneration and social security45€56k€58k▲
Taxes450/3€53k€58k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48-€27k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€23k▼
Other operating charges640/8€39k€25k▼
Gross operating margin9900€17k€7k▼
Operating profit (loss)9901€-52k€-41k▲
Financial income75/76B€605k€159▼
Recurring financial income75€379€159▼
Non-recurring financial income76B€605k-
Financial charges65/66B€22k€21k▼
Recurring financial charges65€22k€21k▼
Profit (loss) for the period before taxes9903€531k€-62k▼
Income taxes67/77€49k€273▼
Profit (loss) for the period9904€483k€-62k▼
Profit (loss) for the period to be appropriated9905€483k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€688k€143k▼
Profit (loss) brought forward from the previous period14P€205k€205k=
Transfer to equity691/2€483k-
To other reserves6921€483k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
2024
31-12
Financial
Weakest financial yearnet €-62k ▼113%
Net result drops to €-62k, the lowest in the series.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Back to profitnet €483k
Net result €483k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 9.06
Current ratio from 2.25 to 9.06; short-term debt falls from €151k to €78k.
31-12
Financial
Equity above €500kEq €709k ▲213%
Equity rises from €226k to €709k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €208k ▲8.4%
Equity rises from €192k to €208k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Blégny · 1 establishment unit since 1989
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.
Trou du Renard 34671 BlégnyGround area
1,044 m²
Building footprint
216 m²
Volume, LiDAR
1,595 m³
2 parcels, Wallonia · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Quai des Tanneurs 14, 4020 Liège
since 19892.043.345.283
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095B0139/00F000 | Wallonia | 956 m² | 1 · 160 m² | 6.4 m · 2 fl. |
| 62808A0268/00F000 | Wallonia | 88 m² | 1 · 56 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,399. 961 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-1989
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46660Wholesale trade
51850
47400Retail sale of information and communication equipment
47410Retail trade
52487
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.