Summary
MARECHAL B. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €343,424 and a net result of €33,190. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 51% of 3,022 sector peers (NACE 64, financial year 2025). The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
4th oldest company in Blegny, Finance and insurance sector1 site
Size
≈ €240,000turnover 2025, estimated
- Equity
- €343,424
- Profit
- €33,190
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
on the day
2023
7 days early
2022
2 days early
2021
2 days early
2020
on the day
2019
23 days 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 5 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end30-10-2026 today30-04-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, full format
In the rankings
#4 oldest company in Blegny, Finance and insurance sector#8 company by equity in Blegny, Finance and insurance sector
Equity
€343,424▲ 9.7%
2024 · €313,093
Net result
€33,190▼ 13.5%
2024 · €38,351
Total assets
€554,293▼ 0.7%
2024 · €558,385
Solvency
62.0%▲ 5.9pp
2024 · 56.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€46,505
2025
Net result€33,190
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€554,293
2025
Equity€343,424
2025
Debt€210,869
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€143,582
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.25
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€37,112-€1,010▼ 97.3%€10,441▲ 934%€37,079▲ 255%€175,262▲ 373%€47,397▼ 73.0%€46,505▼ 1.9%
Net result€23,285--€721within the sector's middle half€3,539within the sector's middle half€27,355within the sector's middle half▲ 673%€109,131within the sector's middle half▲ 299%€38,351within the sector's middle half▼ 64.9%€33,190within the sector's middle half▼ 13.5%
Equity€734,235-€517,790within the sector's middle half▼ 29.5%€420,929below the sector's middle half▼ 18.7%€375,558below the sector's middle half▼ 10.8%€482,439below the sector's middle half▲ 28.5%€313,093below the sector's middle half▼ 35.1%€343,424below the sector's middle half▲ 9.7%
Total assets€800,687-€809,175below the sector's middle half▲ 1.1%€751,460below the sector's middle half▼ 7.1%€699,552below the sector's middle half▼ 6.9%€713,590below the sector's middle half▲ 2.0%€558,385below the sector's middle half▼ 21.7%€554,293below the sector's middle half▼ 0.7%
Debt€63,686-€233,327▲ 266%€273,081▲ 17.0%€302,994▲ 11.0%€231,150▼ 23.7%€245,293▲ 6.1%€210,869▼ 14.0%
Working capital€80,384--€57,799within the sector's middle half-€98,105within the sector's middle half▼ 69.7%-€133,194within the sector's middle half▼ 35.8%€28,723within the sector's middle half-€129,617within the sector's middle half-€143,582within the sector's middle half▼ 10.8%
Solvency91.7%-64.0%within the sector's middle half▼ 27.7pp56.0%within the sector's middle half▼ 8.0pp53.7%within the sector's middle half▼ 2.3pp67.6%within the sector's middle half▲ 13.9pp56.1%within the sector's middle half▼ 11.5pp62.0%within the sector's middle half▲ 5.9pp
Current ratio5.44-0.71within the sector's middle half▼ 4.730.62within the sector's middle half▼ 0.100.51within the sector's middle half▼ 0.111.14within the sector's middle half▲ 0.630.43within the sector's middle half▼ 0.710.25below the sector's middle half▼ 0.18
Return on assets (ROA)2.9%--0.1%within the sector's middle half▼ 3.0pp0.5%within the sector's middle half▲ 0.6pp3.9%within the sector's middle half▲ 3.4pp15.3%above the sector's middle half▲ 11.4pp6.9%within the sector's middle half▼ 8.4pp6.0%within the sector's middle half▼ 0.9pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554,293
Fixed assets
€507,359 ▲ 10.2%
Current assets
€46,933 ▼ 52.0%
Equity and liabilities €554,293
Equity
€343,424 ▲ 9.7%
Debt
€210,869 ▼ 14.0%
Debt's share of the balance-sheet total falls from 43.9% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.7%▼
2024 · 12.2%
Debt ≤ 1 year
€190,515▼
2024 · €227,493
Debt > 1 year
€8,680▲
2024 · €7,140
Income taxes
€11,056▲
2024 · €9,304
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,200 | - | €118,450 | €2,013 | €13,334 | ▲ 562% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,312 | €40,602 | €39,534 | €31,009 | €20,418 | €19,815 | €29,545 | ▲ 49.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €500 | -€21,250 | -€21,000 | €0 | - | - |
| Other operating charges640/8 | - | - | €7,556 | €9,055 | €10,343 | €10,906 | €9,281 | ▼ 14.9% |
| Non-recurring operating charges66A | - | - | €34,964 | €9,248 | - | €3,201 | €12,285 | ▲ 284% |
| Gross operating margin9900 | €85,006 | €105,418 | €92,995 | €65,142 | €185,023 | €81,319 | €97,617 | ▲ 20.0% |
| Operating profit (loss)9901 | €37,112 | €1,010 | €10,441 | €37,079 | €175,262 | €47,397 | €46,505 | ▼ 1.9% |
| Financial income75/76B | - | - | €7 | - | €8 | €2,589 | €178 | ▼ 93.1% |
| Recurring financial income75 | - | €491 | €7 | - | €8 | €2,589 | €178 | ▼ 93.1% |
| Financial charges65/66B | - | - | €3,550 | €3,604 | €3,910 | €2,330 | €2,437 | ▲ 4.6% |
| Recurring financial charges65 | €4,219 | €1,237 | €3,550 | €3,604 | €3,910 | €2,330 | €2,437 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €32,893 | €264 | €6,899 | €33,475 | €171,360 | €47,656 | €44,246 | ▼ 7.2% |
| Transfer from deferred taxes780 | - | - | €1,108 | - | - | - | - | - |
| Income taxes67/77 | €10,991 | €2,368 | €4,467 | €6,119 | €62,229 | €9,304 | €11,056 | ▲ 18.8% |
| Profit (loss) for the period9904 | €23,285 | -€721 | €3,539 | €27,355 | €109,131 | €38,351 | €33,190 | ▼ 13.5% |
| Transfer from tax-exempt reserves789 | - | - | €4,430 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €27,439 | €3,434 | €7,970 | €27,355 | €109,131 | €38,351 | €33,190 | ▼ 13.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €800,687 | €809,175 | €751,460 | €699,552 | €713,590 | €558,385 | €554,293 | ▼ 0.7% |
| Fixed assets21/28 | €702,217 | €665,491 | €593,032 | €562,602 | €476,410 | €460,510 | €507,359 | ▲ 10.2% |
| Tangible fixed assets22/27 | €479,051 | €442,325 | €369,866 | €339,436 | €253,244 | €237,343 | €284,193 | ▲ 19.7% |
| Land and buildings22 | - | - | €369,560 | €338,770 | €252,847 | €233,148 | €284,193 | ▲ 21.9% |
| Plant, machinery and equipment23 | - | - | €306 | €666 | €397 | €281 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | - | - | - | - | - | €3,914 | €0 | ▼ 100% |
| Financial fixed assets28 | €223,166 | €223,166 | €223,166 | €223,166 | €223,166 | €223,166 | €223,166 | = |
| Current assets29/58 | €98,470 | €143,683 | €158,428 | €136,950 | €237,180 | €97,876 | €46,933 | ▼ 52.0% |
| Amounts receivable within one year40/41 | €69,913 | €58,877 | €72,099 | €71,547 | €11,695 | €4,699 | €4,609 | ▼ 1.9% |
| Trade receivables40 | - | - | €23,701 | €19,538 | €3,799 | €3,364 | €4,609 | ▲ 37.0% |
| Other amounts receivable41 | - | - | €48,398 | €52,010 | €7,896 | €1,335 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €25,986 | €82,721 | €85,440 | €64,003 | €222,598 | €90,970 | €38,352 | ▼ 57.8% |
| Deferred charges and accrued income490/1 | - | - | €889 | €1,399 | €2,887 | €2,207 | €3,972 | ▲ 80.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €800,687 | €809,175 | €751,460 | €699,552 | €713,590 | €558,385 | €554,293 | ▼ 0.7% |
| Equity10/15 | €734,235 | €517,790 | €420,929 | €375,558 | €482,439 | €313,093 | €343,424 | ▲ 9.7% |
| Contributions10/11 | €234,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €499,635 | €499,190 | €402,329 | €356,958 | €463,839 | €186,191 | €219,381 | ▲ 17.8% |
| Non-distributable reserves130/1 | - | - | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Reserves not available under the articles1311 | - | - | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Distributable reserves133 | - | - | €400,929 | €355,558 | €462,439 | €184,791 | €217,981 | ▲ 18.0% |
| Profit (loss) carried forward14 | - | - | - | - | - | €108,301 | €105,442 | ▼ 2.6% |
| Provisions and deferred taxes16 | €2,767 | €58,058 | €57,450 | €21,000 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €57,450 | €21,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €57,450 | €21,000 | - | - | - | - |
| Amounts payable17/49 | €63,686 | €233,327 | €273,081 | €302,994 | €231,150 | €245,293 | €210,869 | ▼ 14.0% |
| Amounts payable after more than one year17 | €35,280 | €19,900 | €4,660 | €5,720 | €7,370 | €7,140 | €8,680 | ▲ 21.6% |
| Other amounts payable178/9 | - | - | €4,660 | €5,720 | €7,370 | €7,140 | €8,680 | ▲ 21.6% |
| Amounts payable within one year42/48 | €18,086 | €201,483 | €256,533 | €270,143 | €208,457 | €227,493 | €190,515 | ▼ 16.3% |
| Trade debts44 | €8,964 | €9,873 | €2,581 | €4,698 | €2,849 | €7,006 | €9,299 | ▲ 32.7% |
| Suppliers440/4 | - | - | €2,581 | €4,698 | €2,849 | €7,006 | €9,299 | ▲ 32.7% |
| Taxes, remuneration and social security45 | - | - | €11,472 | €7,159 | €7,341 | €4,934 | €13,662 | ▲ 177% |
| Taxes450/3 | - | - | €9,142 | €2,444 | €4,765 | €2,347 | €8,291 | ▲ 253% |
| Remuneration and social security454/9 | - | - | €2,330 | €4,716 | €2,576 | €2,587 | €5,371 | ▲ 108% |
| Other amounts payable47/48 | - | - | €242,480 | €258,286 | €198,267 | €215,553 | €167,554 | ▼ 22.3% |
| Accrued charges and deferred income492/3 | - | - | €11,888 | €27,130 | €15,324 | €10,660 | €11,674 | ▲ 9.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,285 | -€721 | €3,539 | €27,355 | €109,131 | €38,351 | €33,190 | ▼ 13.5% |
| + Depreciation and write-downs630 | €41,312 | €40,602 | €39,534 | €31,009 | €20,418 | €19,815 | €29,545 | ▲ 49.1% |
| Operating cash flow (approximation) | €64,597 | €39,881 | €43,073 | €58,365 | €129,549 | €58,166 | €62,735 | ▲ 7.9% |
| Investment in fixed assets (approximation) | - | -€3,876 | €32,925 | -€579 | €65,774 | -€3,914 | -€76,395 | ▼ 1,852% |
| Change in cash | - | €56,735 | €2,719 | -€21,436 | €158,594 | -€131,627 | -€52,619 | ▲ 60.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 28-04-2026 | 2026-00090003 |
| 30-09-2024 | full format | 30-04-2025 | 2025-00082179 |
| 30-09-2023 | full format | 23-04-2024 | 2024-00066671 |
| 30-09-2022 | full format | 28-04-2023 | 2023-00070614 |
| 30-09-2021 | full format | 28-04-2022 | 2022-20011173 |
| 30-09-2020 | full format | 30-04-2021 | 2021-12900564 |
| 30-09-2019 | full format | 07-04-2020 | 2020-08600399 |
| 30-09-2018 | full format | 29-03-2019 | 2019-08700517 |
| 30-09-2017 | full format | 16-03-2018 | 2018-06900064 |
| 30-09-2016 | full format | 14-03-2017 | 2017-06200026 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,124. 13,953 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
Sandrine MARECHAL
CurrentAdministratrice suppléante · since 13-12-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Sandrine MARECHAL |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
99.7%
According to the annual accounts to 30-09-2025 of MARECHAL B. and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
FOUNDATION45
via Sandrine MARECHAL · Director
→
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
30-04
NBB filing
Annual accounts filed
financial year 2024 · full format
2024
23-04
NBB filing
Annual accounts filed
financial year 2023 · full format
2023
13-12
Gazette deed
Appointment: MARÉCHAL Sandrine (administratrice suppléante)Permanent representatives: MARECHAL Benoît and MARÉCHAL Sandrine · Amendment of the articles · Power of attorney6 facts ▸
Gazette deed
Appointment: MARÉCHAL Sandrine (administratrice suppléante)
Permanent representatives: MARECHAL Benoît and MARÉCHAL Sandrine · Amendment of the articles · Power of attorney6 facts ▸
- General meeting, 29-11-2023
- Amendment of the articles, “11bis” (deed in French)
- Director appointment, MARÉCHAL Sandrine (administratrice suppléante)
- Permanent representative, MARECHAL Benoît
- Permanent representative, MARÉCHAL Sandrine
- Power of attorney
30-09
Financial
Highest result from 2019 to 2025net €109,131 ▲299%
Operating result €175,262, net result €109,131, both a record.
30-09
Financial
Liquidity more than doubledcurrent ratio 1.14
Current ratio from 0.51 to 1.14; short-term debt falls from €270,143 to €208,457.
28-04
NBB filing
Annual accounts filed
financial year 2022 · full format
2022
28-04
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
30-09
Financial
Back to profitnet €3,539
Net result €3,539 after one loss-making year.
30-04
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
30-09
Financial
Weakest financial yearnet -€721
Net result drops to -€721, the lowest in the series; recovery starts the following year.
07-04
NBB filing
Annual accounts filed
financial year 2019 · full format
Show earlier events
2019
29-03
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
16-03
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
14-03
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 30 annual accounts filed, the latest 10 are here; all 30 are under Financials.
1 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded12-12-1995
Financial year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456619283
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
1 application in Flanders since 2018 · 1 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Blégny · 1 establishment unit since 1997
Ground area
1,374 m²
Building footprint
203 m²
Building volume
1,341 m³
Parcel 62074A0755/00F000, Wallonia · tallest building 11.6 m. Linked by address, not a title deed.
1 establishment unit
TRANS-ACTIONS
since 1997unit no. 2.074.547.413
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62074A0755/00F000 | Wallonia | 1,374 m² | 1 · 203 m² | 11.6 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.