MARECHAL
ActiveSummary
MARECHAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,224 and a net result of -€2,571. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency63▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.98 in 2024; short-term debt: 62% of total assets), and 62% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
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
38%
Return on assets
-6.9%
Age of the figures
15 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2,571
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
2 d early
2022
4 d early
2021
3 d early
2020
23 d early
2019
14 d early
← 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 8 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€14,224▼ 15.3%
2024 · €16,795
Total assets
€37,418▲ 21.4%
2024 · €30,831
Net result
-€2,571▲ 75.0%
2024 · -€10,296
Working capital
€7,200▼ 47.5%
2024 · €13,710
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,046€21,378▲ 42.1%€9,588▼ 55.1%-€9,691-€2,077▲ 78.6%
Net result€14,535within the sector's middle half€18,864within the sector's middle half▲ 29.8%€5,482within the sector's middle half▼ 70.9%-€10,296below the sector's middle half-€2,571below the sector's middle half▲ 75.0%
Equity€2,745below the sector's middle half€21,610below the sector's middle half▲ 687%€27,091within the sector's middle half▲ 25.4%€16,795below the sector's middle half▼ 38.0%€14,224below the sector's middle half▼ 15.3%
Total assets€26,296below the sector's middle half▼ 21.3%€38,076below the sector's middle half▲ 44.8%€41,573below the sector's middle half▲ 9.2%€30,831below the sector's middle half▼ 25.8%€37,418below the sector's middle half▲ 21.4%
Debt€23,551▼ 47.9%€16,467▼ 30.1%€14,482▼ 12.1%€14,036▼ 3.1%€23,194▲ 65.2%
Working capital-€1,652below the sector's middle half▲ 94.6%€17,955within the sector's middle half€23,292within the sector's middle half▲ 29.7%€13,710within the sector's middle half▼ 41.1%€7,200within the sector's middle half▼ 47.5%
Solvency10.4%below the sector's middle half▲ 45.7pp56.8%within the sector's middle half▲ 46.3pp65.2%within the sector's middle half▲ 8.4pp54.5%within the sector's middle half▼ 10.7pp38.0%within the sector's middle half▼ 16.5pp
Current ratio0.93below the sector's middle half▲ 0.602.09within the sector's middle half▲ 1.162.61within the sector's middle half▲ 0.521.98within the sector's middle half▼ 0.631.31within the sector's middle half▼ 0.67
Return on assets (ROA)55.3%above the sector's middle half▲ 64.5pp49.5%above the sector's middle half▼ 5.7pp13.2%within the sector's middle half▼ 36.4pp-33.4%below the sector's middle half▼ 46.6pp-6.9%below the sector's middle half▲ 26.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 €2,077 in 2025 against €9,691 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,418
Fixed assets
€7,024 ▲ 128%
Current assets
€30,394 ▲ 9.5%
Equity and liabilities €37,418
Equity
€14,224 ▼ 15.3%
Debt
€23,194 ▲ 65.2%
Debt's share of the balance-sheet total rises from 45.5% to 62.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€582▲
2024 · -€8,528
Cash flow
-€1,076▲
2024 · -€9,133
Quick ratio
0.17▲
2024 · 0.10
Debt to equity
1.63▲
2024 · 0.84
ROE
-18.1%▲
2024 · -61.3%
Interest coverage
-2.22▲
2024 · -22.92
Debt ≤ 1 year
€23,194▲
2024 · €14,036
Income taxes
€232▼
2024 · €233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
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 497,662 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% | 1.7% |
| 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 75% 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 6,915 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 | €742 | €742 | €780 | €1,163 | €1,495 | ▲ 28.5% |
| Other operating charges640/8 | - | €428 | €566 | €897 | €900 | ▲ 0.3% |
| Gross operating margin9900 | €16,156 | €22,548 | €10,935 | -€7,631 | €318 | ▲ 104% |
| Operating profit (loss)9901 | €15,046 | €21,378 | €9,588 | -€9,691 | -€2,077 | ▲ 78.6% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | €336 | €389 | €372 | €262 | ▼ 29.5% |
| Recurring financial charges65 | €303 | €336 | €389 | €372 | €262 | ▼ 29.5% |
| Profit (loss) for the period before taxes9903 | €14,744 | €21,042 | €9,200 | -€10,064 | -€2,339 | ▲ 76.8% |
| Income taxes67/77 | €210 | €2,177 | €3,718 | €233 | €232 | ▼ 0.5% |
| Profit (loss) for the period9904 | €14,535 | €18,864 | €5,482 | -€10,296 | -€2,571 | ▲ 75.0% |
| Profit (loss) for the period to be appropriated9905 | €14,535 | €18,864 | €5,482 | -€10,296 | -€2,571 | ▲ 75.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,296 | €38,076 | €41,573 | €30,831 | €37,418 | ▲ 21.4% |
| Fixed assets21/28 | €4,397 | €3,655 | €3,799 | €3,085 | €7,024 | ▲ 128% |
| Tangible fixed assets22/27 | €4,397 | €3,655 | €3,799 | €3,085 | €7,024 | ▲ 128% |
| Furniture and vehicles24 | - | - | €886 | €914 | €5,594 | ▲ 512% |
| Other tangible fixed assets26 | - | €3,655 | €2,913 | €2,171 | €1,429 | ▼ 34.2% |
| Current assets29/58 | €21,899 | €34,421 | €37,774 | €27,746 | €30,394 | ▲ 9.5% |
| Stocks and contracts in progress3 | €19,889 | €21,789 | €26,346 | €26,346 | €26,346 | = |
| Stocks30/36 | - | €21,789 | €26,346 | €26,346 | €26,346 | = |
| Amounts receivable within one year40/41 | €0 | €12,632 | €10,323 | - | €3,000 | - |
| Trade receivables40 | - | €12,632 | €10,323 | - | €3,000 | - |
| Cash at bank and in hand54/58 | €789 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €1,105 | €1,400 | €1,048 | ▼ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,296 | €38,076 | €41,573 | €30,831 | €37,418 | ▲ 21.4% |
| Equity10/15 | €2,745 | €21,610 | €27,091 | €16,795 | €14,224 | ▼ 15.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€3,455 | €15,410 | €20,891 | €10,595 | €8,024 | ▼ 24.3% |
| Amounts payable17/49 | €23,551 | €16,467 | €14,482 | €14,036 | €23,194 | ▲ 65.2% |
| Amounts payable within one year42/48 | €23,551 | €16,467 | €14,482 | €14,036 | €23,194 | ▲ 65.2% |
| Financial debts43 | - | €607 | €381 | €1,003 | €939 | ▼ 6.4% |
| Credit institutions430/8 | - | €607 | €381 | €1,003 | €939 | ▼ 6.4% |
| Trade debts44 | €741 | €6,460 | €7,092 | €406 | €1,161 | ▲ 186% |
| Suppliers440/4 | - | €6,460 | €7,092 | €406 | €1,161 | ▲ 186% |
| Taxes, remuneration and social security45 | - | €4,654 | €5,907 | €1,064 | €1,355 | ▲ 27.4% |
| Taxes450/3 | - | €4,654 | €5,907 | €1,064 | €1,355 | ▲ 27.4% |
| Other amounts payable47/48 | - | €4,746 | €1,101 | €11,563 | €19,739 | ▲ 70.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,535 | €18,864 | €5,482 | -€10,296 | -€2,571 | ▲ 75.0% |
| + Depreciation and write-downs630 | €742 | €742 | €780 | €1,163 | €1,495 | ▲ 28.5% |
| Operating cash flow (approximation) | €15,277 | €19,606 | €6,262 | -€9,133 | -€1,076 | ▲ 88.2% |
| Investment in fixed assets (approximation) | - | €0 | -€924 | -€449 | -€5,433 | ▼ 1,110% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€10,296
Net result drops to -€10,296, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €18,864 ▲29.8%
Operating result €21,378, net result €18,864, both a record.
30-06
Financial
Liquidity doublescurrent ratio 2.09
Current ratio from 0.93 to 2.09; short-term debt falls from €23,551 to €16,467.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €14,535
Net result €14,535 after one loss-making year.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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, Wavre · 1 establishment unit since 2014
Ground area
974 m²
Building footprint
147 m²
Volume, LiDAR
957 m³
Parcel 25006D0076/00M000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Combattants 47, 1301 Wavre
since 20142.232.283.764
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006D0076/00M000 | Wallonia | 974 m² | 1 · 147 m² | 9.9 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 26,914 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
Founded10-03-2014
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0548783834
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.