MARECHAL - AGRI
ActiveSummary
MARECHAL - AGRI has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €-16k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 45% of 3136 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-9
Solvency52▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.48 in 2024; short-term debt: 37.3% and cash: 22.5% of total assets), and 72.6% 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
27.4%
Return on assets
-7.5%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
29 d late
2023
28 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
31 d late
← 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
History
Financials · fiscal year 2025, micro schema
Equity
€59k▼ 21.5%
2024 · €76k
Total assets
€216k▲ 12.3%
2024 · €193k
Net result
€-16k▼ 2,383%
2024 · €-655
Working capital
€1k▼ 97.1%
2024 · €37k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-5k€-6k▼ 29.7%€17k€2k▼ 90.9%€-16k
Net result€-3k€-4k▼ 49.4%€12k€-655€-16k▼ 2,383%
Equity€70k▼ 5.1%€65k▼ 6.9%€77k▲ 17.2%€76k▼ 1.5%€59k▼ 21.5%
Total assets€222k▼ 12.8%€187k▼ 15.8%€212k▲ 13.6%€193k▼ 9.3%€216k▲ 12.3%
Debt€141k▼ 15.4%€114k▼ 19.3%€124k▲ 9.3%€109k▼ 12.1%€151k▲ 38.8%
Working capital€43k▼ 3.3%€43k▲ 0.6%€34k▼ 22.1%€37k▲ 9.7%€1k▼ 97.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216k
Fixed assets
€135k ▲ 69.8%
Current assets
€82k ▼ 28.0%
Equity and liabilities €216k
Equity
€59k ▼ 21.5%
Provisions
€6k ▼ 29.9%
Debt
€151k ▲ 38.8%
Debt's share of the balance-sheet total rises from 56.6% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €40k
Cash flow
€15k▼
2024 · €37k
Current ratio
1.01▼
2024 · 1.48
Quick ratio
0.86▼
2024 · 1.48
Debt to equity
2.56▲
2024 · 1.45
ROE
-27.4%▼
2024 · -0.9%
ROA
-7.5%▼
2024 · -0.3%
Interest coverage
6.13▼
2024 · 18.93
Debt ≤ 1 year
€81k▲
2024 · €77k
Debt > 1 year
€71k▲
2024 · €33k
Income taxes
€49▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35k | €36k | €43k | €38k | €31k | ▼ 17.3% |
| Other operating charges640/8 | €618 | €653 | €512 | €515 | €527 | ▲ 2.4% |
| Gross operating margin9900 | €31k | €30k | €60k | €40k | €16k | ▼ 61.1% |
| Operating profit (loss)9901 | €-5k | €-6k | €17k | €2k | €-16k | ▼ 1,138% |
| Financial income75/76B | €1k | €783 | €860 | €744 | €164 | ▼ 78.0% |
| Recurring financial income75 | €1k | €783 | €860 | €744 | €164 | ▼ 78.0% |
| Financial charges65/66B | €2k | €1k | €2k | €2k | €2k | ▲ 17.6% |
| Recurring financial charges65 | €2k | €1k | €2k | €2k | €2k | ▲ 17.6% |
| Profit (loss) for the period before taxes9903 | €-6k | €-7k | €16k | €231 | €-19k | ▼ 8,177% |
| Transfer from deferred taxes780 | €3k | €3k | €4k | €4k | €2k | ▼ 31.7% |
| Transfer to deferred taxes680 | - | - | €8k | - | - | - |
| Income taxes67/77 | €-1 | €27 | €32 | €4k | €49 | ▼ 98.9% |
| Profit (loss) for the period9904 | €-3k | €-4k | €12k | €-655 | €-16k | ▼ 2,383% |
| Transfer from tax-exempt reserves789 | €8k | €8k | €11k | €10k | €7k | ▼ 27.4% |
| Transfer to tax-exempt reserves689 | - | - | €23k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €4k | €324 | €9k | €-9k | ▼ 197% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €222k | €187k | €212k | €193k | €216k | ▲ 12.3% |
| Fixed assets21/28 | €127k | €92k | €117k | €79k | €135k | ▲ 69.8% |
| Tangible fixed assets22/27 | €126k | €91k | €116k | €78k | €133k | ▲ 70.9% |
| Plant, machinery and equipment23 | €126k | €90k | €116k | €78k | €133k | ▲ 71.0% |
| Furniture and vehicles24 | - | €863 | €343 | €20 | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €95k | €95k | €95k | €113k | €82k | ▼ 28.0% |
| Stocks and contracts in progress3 | €3k | - | €11k | - | €12k | - |
| Stocks30/36 | €3k | - | €11k | - | €12k | - |
| Amounts receivable within one year40/41 | €45k | €18k | €34k | €64k | €19k | ▼ 70.2% |
| Trade receivables40 | €45k | €18k | €34k | €63k | €19k | ▼ 69.8% |
| Other amounts receivable41 | €9 | €7 | - | €844 | - | - |
| Cash at bank and in hand54/58 | €42k | €73k | €48k | €47k | €49k | ▲ 2.6% |
| Deferred charges and accrued income490/1 | €4k | €3k | €2k | €2k | €2k | ▼ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €222k | €187k | €212k | €193k | €216k | ▲ 12.3% |
| Equity10/15 | €70k | €65k | €77k | €76k | €59k | ▼ 21.5% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | €12k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €7k | - | - | - | - | - |
| Reserves13 | €56k | €52k | €64k | €64k | €56k | ▼ 11.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €31k | €22k | €34k | €24k | €17k | ▼ 29.9% |
| Distributable reserves133 | €24k | €28k | €28k | €37k | €37k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-9k | - |
| Investment grants15 | €2k | €1k | €512 | - | - | - |
| Provisions and deferred taxes16 | €11k | €8k | €12k | €8k | €6k | ▼ 29.9% |
| Deferred taxes168 | €11k | €8k | €12k | €8k | €6k | ▼ 29.9% |
| Amounts payable17/49 | €141k | €114k | €124k | €109k | €151k | ▲ 38.8% |
| Amounts payable after more than one year17 | €89k | €62k | €63k | €33k | €71k | ▲ 118% |
| Financial debts170/4 | €89k | €62k | €63k | €33k | €71k | ▲ 118% |
| Amounts payable within one year42/48 | €52k | €52k | €62k | €77k | €81k | ▲ 5.2% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €31k | €30k | €21k | ▼ 30.6% |
| Trade debts44 | €196 | €627 | €1k | €7k | €8k | ▲ 12.0% |
| Suppliers440/4 | €196 | €627 | €1k | €7k | €8k | ▲ 12.0% |
| Taxes, remuneration and social security45 | €2k | €3k | €273 | €4k | €8k | ▲ 79.9% |
| Taxes450/3 | €2k | €3k | €273 | €4k | €8k | ▲ 79.9% |
| Other amounts payable47/48 | €23k | €21k | €29k | €35k | €44k | ▲ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-4k | €12k | €-655 | €-16k | ▼ 2,383% |
| + Depreciation and write-downs630 | €35k | €36k | €43k | €38k | €31k | ▼ 17.3% |
| Operating cash flow (approximation) | €32k | €32k | €55k | €37k | €15k | ▼ 59.5% |
| Investment in fixed assets (approximation) | - | €-968 | €-68k | €0 | €-87k | ▼ 20,175,914% |
| Change in cash | - | €31k | €-25k | €-701 | €1k | ▲ 278% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
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, Malmedy · 1 establishment unit since 2000
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.
Ligneuville-Rue de la Laiterie 304960 MalmedyGround area
513 m²
Building footprint
109 m²
Volume, LiDAR
962 m³
Parcel 63080F0258/00T000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Eupen 13, 4950 Waimes
since 20002.094.907.812
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080F0258/00T000 | Wallonia | 513 m² | 1 · 109 m² | 10.8 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 4,676 companies in sector 01610 we hold annual accounts for 1,369. 992 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
Founded16-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
37000Sewerage
42110Construction of roads and motorways
43120Site preparation
52249Warehousing and support activities for transportation
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.