Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €14,036 to €23,194.
The last five annual accounts were filed 1 to 7 days before the end of the period.
Lower net result than 83% of companies in head offices and management consultancy. Sector median €26,448 · 41,229 companies.
In July 2024, 6,908 companies had the same profile as MARECHAL has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for MARECHAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MARECHAL Wavre | €37,418 | €318 | 38.0% | - |
| Agora Business Consulting Lasne | €37,599 | -€2,549 | 100.0% | - |
| MERIAS Genappe | €35,727 | -€7,859 | 45.1% | - |
| TWO 4 TEAM Braine-le-Château | €38,000 | €522 | -20.3% | - |
| Management Financial Engineering Consulting Chastre | €44,771 | -€13,007 | 74.2% | - |
| GLC Consulting SRL Braine-l'Alleud | €29,982 | -€674 | 90.6% | - |
| Stratégies et Succès Waterloo | €47,300 | -€20,449 | 54.1% | - |
These companies have the same main activity as MARECHAL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €30,000 and €47,300, founded between 2012 and 2015.
MARECHAL files the micro format. That format states no turnover. The gross margin fell from €6,874 in 2015 to €318 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1,500. Estimated: probably between €690 and €3,000.
Higher than 36% of 41,211 companies in 2025.
Higher than 35% of 39,782 companies in 2025.
Higher than 11% of 40,303 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
37,418 | 30,831 | 41,573 | 38,076 | 26,296 | 33,408 | 24,501 | 46,359 | 26,664 | 71,293 | 91,597 | |
21/28 |
7,024 | 3,085 | 3,799 | 3,655 | 4,397 | 18,632 | 6,386 | 34,149 | 12,055 | 35,861 | 45,790 | |
22/27 |
7,024 | 3,085 | 3,799 | 3,655 | 4,397 | 18,632 | 6,386 | 34,149 | 12,055 | 35,861 | 45,790 | |
24 |
5,594 | 914 | 886 | - | 0 | 13,493 | 505 | 28,030 | 11,108 | 35,861 | 45,790 | |
26 |
1,429 | 2,171 | 2,913 | 3,655 | 4,397 | 5,139 | 5,881 | 6,118 | 947 | - | - | |
29/58 |
30,394 | 27,746 | 37,774 | 34,421 | 21,899 | 14,776 | 18,114 | 12,211 | 14,610 | 35,433 | 45,807 | |
3 |
26,346 | 26,346 | 26,346 | 21,789 | 19,889 | - | - | - | - | - | - | |
30/36 |
26,346 | 26,346 | 26,346 | 21,789 | 19,889 | - | - | - | - | - | - | |
40/41 |
3,000 | - | 10,323 | 12,632 | 0 | 6,025 | 15,878 | 10,023 | 8,011 | 19,736 | 14,944 | |
40 |
3,000 | - | 10,323 | 12,632 | 0 | 6,025 | 11,500 | 5,645 | 4,096 | 18,151 | 14,944 | |
41 |
- | - | - | - | - | 0 | 4,378 | 4,378 | 3,916 | 1,585 | - | |
54/58 |
- | - | - | - | 789 | 5,607 | 1,376 | - | 5,610 | 13,408 | 30,863 | |
490/1 |
1,048 | 1,400 | 1,105 | - | 1,221 | 3,144 | 861 | 2,187 | 988 | 2,288 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
37,418 | 30,831 | 41,573 | 38,076 | 26,296 | 33,408 | 24,501 | 46,359 | 26,664 | 71,293 | 91,597 | |
10/15 |
14,224 | 16,795 | 27,091 | 21,610 | 2,745 | -11,789 | -8,697 | -12,733 | -18,335 | -8,832 | -4,161 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
14 |
8,024 | 10,595 | 20,891 | 15,410 | -3,455 | -17,989 | -14,897 | -18,933 | -24,535 | -15,032 | -10,361 | |
17/49 |
23,194 | 14,036 | 14,482 | 16,467 | 23,551 | 45,197 | 33,197 | 59,092 | 44,999 | 80,125 | 95,758 | |
17 |
- | - | - | - | - | - | - | 16,384 | 1,492 | 29,258 | 42,699 | |
170/4 |
- | - | - | - | - | - | - | 16,384 | 1,492 | 29,258 | 42,699 | |
42/48 |
23,194 | 14,036 | 14,482 | 16,467 | 23,551 | 45,197 | 33,197 | 42,708 | 41,880 | 50,867 | 53,060 | |
42 |
- | - | - | - | - | - | - | 8,947 | 5,894 | 13,441 | 13,171 | |
43 |
939 | 1,003 | 381 | 607 | 1,163 | - | - | 796 | - | 713 | - | |
430/8 |
939 | 1,003 | 381 | 607 | 1,163 | - | - | 796 | - | 713 | - | |
44 |
1,161 | 406 | 7,092 | 6,460 | 741 | 9,663 | 2,452 | 3,812 | 1,111 | 554 | 718 | |
440/4 |
1,161 | 406 | 7,092 | 6,460 | 741 | 9,663 | 2,452 | 3,812 | 1,111 | 554 | 718 | |
45 |
1,355 | 1,064 | 5,907 | 4,654 | 994 | 846 | 4,737 | 3,535 | 1,811 | 130 | 9,237 | |
450/3 |
1,355 | 1,064 | 5,907 | 4,654 | 994 | 846 | 4,737 | 3,535 | 1,811 | 130 | 9,237 | |
47/48 |
19,739 | 11,563 | 1,101 | 4,746 | 20,653 | 34,688 | 26,009 | 25,618 | 33,064 | 36,030 | 29,933 | |
492/3 |
- | - | - | - | - | - | - | - | 1,627 | - | - | |
| Income statement | ||||||||||||
9900 |
318 | -7,631 | 10,935 | 22,548 | 16,156 | -1,314 | 13,451 | 26,546 | -1,341 | 10,589 | 6,874 | |
630 |
1,495 | 1,163 | 780 | 742 | 742 | 1,247 | 5,455 | 18,136 | 6,388 | 13,209 | 15,587 | |
640/8 |
900 | 897 | 566 | 428 | 368 | 195 | 714 | 598 | 713 | 806 | 982 | |
9901 |
-2,077 | -9,691 | 9,588 | 21,378 | 15,046 | -2,756 | 7,283 | 7,812 | -8,442 | -3,426 | -9,695 | |
75/76B |
- | - | - | - | 1 | 0 | 0 | 0 | - | 13 | 31 | |
75 |
- | - | - | - | 1 | 0 | 0 | 0 | - | 13 | 31 | |
65/66B |
262 | 372 | 389 | 336 | 303 | 187 | 481 | 704 | 953 | 1,125 | 639 | |
65 |
262 | 372 | 389 | 336 | 303 | 187 | 481 | 704 | 953 | 1,125 | 639 | |
9903 |
-2,339 | -10,064 | 9,200 | 21,042 | 14,744 | -2,943 | 6,802 | 7,108 | -9,395 | -4,538 | -10,303 | |
67/77 |
232 | 233 | 3,718 | 2,177 | 210 | 149 | 2,765 | 1,507 | 109 | 133 | 58 | |
9904 |
-2,571 | -10,296 | 5,482 | 18,864 | 14,535 | -3,092 | 4,036 | 5,602 | -9,503 | -4,671 | -10,361 | |
9905 |
-2,571 | -10,296 | 5,482 | 18,864 | 14,535 | -3,092 | 4,036 | 5,602 | -9,503 | -4,671 | -10,361 | |
| Appropriation of the result | ||||||||||||
9906 |
8,024 | 10,595 | 20,891 | 15,410 | -3,455 | -17,989 | -14,897 | -18,933 | -24,535 | -15,032 | -10,361 | |
14P |
10,595 | 20,891 | 15,410 | -3,455 | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00022929 | |
| 30-06-2024 | micro format | 24-01-2025 | 2025-00009535 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00014612 | |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00005825 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-02300092 | |
| 30-06-2020 | micro format | 08-01-2021 | 2021-00400543 | |
| 30-06-2019 | micro format | 17-01-2020 | 2020-01400536 | |
| 30-06-2018 | micro format | 23-11-2018 | 2018-72600491 | |
| 30-06-2017 | micro format | 19-01-2018 | 2018-01700312 | |
| 30-06-2016 | full format | 13-01-2017 | 2017-01000328 | |
| 30-06-2015 | full format | 15-01-2016 | 2016-01400154 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -582 | -8,528 | 10,368 | 22,120 | 15,788 | -1,509 | 12,737 | 25,948 | -2,054 | 9,783 | 5,892 | ||
| -1,076 | -9,133 | 6,262 | 19,606 | 15,277 | -1,846 | 9,491 | 23,738 | -3,115 | 8,538 | 5,226 | ||
| 5,433 | 449 | 924 | 0 | 0 | 13,493 | 505 | 40,230 | 4,762 | 3,279 | 61,377 | ||
| - | - | - | - | -4,818 | 4,232 | - | - | -7,798 | -17,455 | - | ||
| 7,200 | 13,710 | 23,292 | 17,955 | -1,652 | -30,421 | -15,083 | -30,498 | -27,271 | -15,434 | -7,253 | ||
| 38.0% | 54.5% | 65.2% | 56.8% | 10.4% | -35.3% | -35.5% | -27.5% | -68.8% | -12.4% | -4.5% | ||
| 1.31 | 1.98 | 2.61 | 2.09 | 0.93 | 0.33 | 0.55 | 0.29 | 0.35 | 0.70 | 0.86 | ||
| 0.17 | 0.10 | 0.79 | 0.77 | 0.09 | 0.33 | 0.55 | 0.29 | 0.35 | 0.70 | 0.86 | ||
| 1.63 | 0.84 | 0.53 | 0.76 | 8.58 | - | - | - | - | - | - | ||
| -18.1% | -61.3% | 20.2% | 87.3% | 529.4% | - | - | - | - | - | - | ||
| -6.9% | -33.4% | 13.2% | 49.5% | 55.3% | -9.3% | 16.5% | 12.1% | -35.6% | -6.6% | -11.3% | ||
| -2.22 | -22.92 | 26.67 | 65.78 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €5,433 | €449 | €924 | - |
| €1,495 | €1,163 | €780 | €742 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €2,077, smaller than the loss of €9,691 in 2024.
Debt's share of the balance-sheet total rises from 45.5% to 62.0%. Equity is lower and debt is higher.
MARECHAL has no parent and no holdings in its annual accounts. is the only director. MARECHAL shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue des Combattants 47 registered office 1301 Wavre | 01-07-2014 | 2.232.283.764 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25006D0076/00M000 | 974 m² | 1 · 147 m² | 9.9 m · 2 |
If something looks wrong or is missing, please tell us.