MARECHAL
ActiveMARECHAL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182k and a net result of €-21k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency87▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 4.53 against 4.63 in 2023), but 57.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
42.5%
Return on assets
-5%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
61 d late
2022
53 d late
2021
31 d late
2020
31 d late
2019
82 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€182k▼ 10.5%
2023 · €203k
2018: €108k
2019: €66k
2020: €198k
2021: €220k
2022: €229k
2023: €203k
2018 → 2024
Total assets
€427k▼ 9.1%
2023 · €470k
2018: €247k
2019: €611k
2020: €532k
2021: €582k
2022: €547k
2023: €470k
2018 → 2024
Net result
€-21k▲ 16.9%
2023 · €-26k
2018: €27k
2019: €-42k
2020: €132k
2021: €22k
2022: €9k
2023: €-26k
2018 → 2024
Working capital
€71k▼ 23.8%
2023 · €93k
2018: €49k
2019: €3k
2020: €132k
2021: €111k
2022: €127k
2023: €93k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€198k-€220k▲ 11.0%€229k▲ 4.1%€203k▼ 11.3%€182k▼ 10.5%
Operating result€169k-€35k▼ 79.6%€16k▼ 52.9%€-21k€-18k▲ 16.3%
Net result€132k-€22k▼ 83.5%€9k▼ 58.5%€-26k€-21k▲ 16.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2024 against €21k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427k
Fixed assets
€337k▼ 4.4%
Current assets
€90k▼ 23.3%
Equity and liabilities €427k
Equity
€182k▼ 10.5%
Debt
€246k▼ 8.1%
The debt ratio rises from 56.9% to 57.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-4k▲
2023 · €-7k
Cash flow
€-7k▲
2023 · €-12k
Solvency
42.5%▼
2023 · 43.1%
Current ratio
4.53▼
2023 · 4.63
Quick ratio
4.53▼
2023 · 4.63
Debt / equity
1.35▲
2023 · 1.32
ROE
-11.8%▲
2023 · -12.7%
ROA
-5.0%▲
2023 · -5.5%
Interest coverage
-0.63▲
2023 · -1.13
Debt
€246k▼
2023 · €268k
Debt ≤ 1 year
€20k▼
2023 · €26k
Debt > 1 year
€226k▼
2023 · €242k
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€470k€427k▼
Fixed assets21/28€352k€337k▼
Tangible fixed assets22/27€352k€337k▼
Land and buildings22€344k€331k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€118k€90k▼
Amounts receivable within one year40/41€25k€27k▲
Other amounts receivable41€25k€27k▲
Cash at bank and in hand54/58€93k€63k▼
Deferred charges and accrued income490/1€44€46▲
Equity and liabilities
Total equity and liabilities10/49€470k€427k▼
Equity10/15€203k€182k▼
Contributions10/11€19k€19k=
Reserves13€47k€47k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€137k€116k▼
Amounts payable17/49€268k€246k▼
Amounts payable after more than one year17€242k€226k▼
Financial debts170/4€240k€224k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€26k€20k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€7k€1k▼
Suppliers440/4€7k€1k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€16k€3k▼
Gross operating margin9900€9k€-193▼
Operating profit (loss)9901€-21k€-18k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-26k€-21k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-26k€-21k▲
Profit (loss) for the period to be appropriated9905€-26k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€137k€116k▼
Profit (loss) brought forward from the previous period14P€163k€137k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 53 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €220k ▲11%
2 profitable years in a row build equity to €220k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €132k
Net result €132k after one loss-making year.
31-12
Financial
Equity above €150kEq €198k ▲200%
Equity rises from €66k to €198k.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 82 days late
2019
31-12
Financial
Weakest financial yearnet €-42k ▼256%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2005
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.
Poolse-Winglaan 929051 GentGround area
773 m²
Building footprint
153 m²
Volume, LiDAR
1,095 m³
Parcel 44062A0219/00Y000, Flanders · tallest building 21.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Certi+
since 20052.179.747.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0219/00Y000 | Flanders | 773 m² | 1 · 153 m² | 21.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ROSINI
BE 0810.522.397
Bonheiden · Eq €181k
KESTENS.COM
BE 0882.840.748
Bilzen-Hoeselt · Eq €182k
Immo Patrim'one
BE 0837.178.492
Grez-Doiceau · Eq €182k
WIM MERTENS
BE 0461.842.932
Lichtervelde · Eq €182k
EVARES
BE 0447.340.046
Antwerpen · Eq €182k
Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 5,206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2005
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.