MARECHAL BROYAGE
ActiveSummary
The computed 12-month bankruptcy probability of MARECHAL BROYAGE is 3.0% (moderate). The 2025 annual accounts show negative equity (-€116,029) and a net result of -€57,873. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 28184 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+20
Solvency5▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.15 in 2024; short-term debt: 72.5% and cash: 2.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
-20.5%
Return on assets
-10.2%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€116,029
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 09-04-2026, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
21 d early
2024
15 d early
2023
14 d early
2022
117 d early
2021
2 d late
2020
3 d early
2019
7 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 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by total assets in Durbuy, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€57,873▲ 30.6%
2024 · -€83,333
Working capital
-€366,170▼ 4.4%
2024 · -€350,885
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€50,459▼ 25.6%€72,684-€54,121-€68,295▼ 26.2%-€42,580▲ 37.7%
Net result-€55,592below the sector's middle half▼ 25.0%€69,993above the sector's middle half-€59,202below the sector's middle half-€83,333below the sector's middle half▼ 40.8%-€57,873below the sector's middle half▲ 30.6%
Equity-€239,081below the sector's middle half▼ 34.6%€92,482within the sector's middle half€27,382within the sector's middle half▼ 70.4%-€57,739below the sector's middle half-€116,029below the sector's middle half▼ 101%
Total assets€391,932above the sector's middle half▲ 14.8%€553,777above the sector's middle half▲ 41.3%€575,228above the sector's middle half▲ 3.9%€606,218above the sector's middle half▲ 5.4%€566,933above the sector's middle half▼ 6.5%
Debt€631,013▲ 21.6%€461,295▼ 26.9%€547,846▲ 18.8%€663,957▲ 21.2%€682,962▲ 2.9%
Working capital-€277,088▼ 18.5%-€186,153▲ 32.8%-€221,333▼ 18.9%-€350,885▼ 58.5%-€366,170▼ 4.4%
Solvency-61.0%below the sector's middle half▼ 9.0pp16.7%below the sector's middle half▲ 77.7pp4.8%below the sector's middle half▼ 11.9pp-9.5%below the sector's middle half▼ 14.3pp-20.5%below the sector's middle half▼ 10.9pp
Staff (FTE)1=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42,580 in 2025 against €68,295 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €566,933
Fixed assets
€522,123 ▼ 4.5%
Current assets
€44,810 ▼ 25.0%
Key figures and ratios
EBITDA
€72,446▲
2024 · €45,491
Cash flow
€57,153▲
2024 · €30,452
Current ratio
0.11▼
2024 · 0.15
Debt to equity
-5.89▲
2024 · -11.50
ROA
-10.2%▲
2024 · -13.7%
Interest coverage
4.61▲
2024 · 2.70
Debt ≤ 1 year
€410,980▲
2024 · €410,626
Debt > 1 year
€270,210▲
2024 · €251,559
Staff costs
€30,876▲
2024 · €29,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,058 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% | 1.6% |
| 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 74% 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 6,035 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26,459 | €25,606 | €29,592 | €29,831 | €30,876 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107,148 | €111,260 | €104,004 | €113,785 | €115,026 | ▲ 1.1% |
| Other operating charges640/8 | €2,860 | €5,008 | €4,320 | €2,761 | €8,948 | ▲ 224% |
| Non-recurring operating charges66A | - | - | €7,711 | €0 | - | - |
| Gross operating margin9900 | €86,008 | €214,558 | €91,506 | €78,083 | €112,270 | ▲ 43.8% |
| Operating profit (loss)9901 | -€50,459 | €72,684 | -€54,121 | -€68,295 | -€42,580 | ▲ 37.7% |
| Financial income75/76B | €5,899 | €5,997 | €5,927 | €1,796 | €417 | ▼ 76.8% |
| Recurring financial income75 | €5,899 | €5,997 | €5,927 | €1,796 | €417 | ▼ 76.8% |
| Financial charges65/66B | €11,033 | €8,688 | €11,009 | €16,835 | €15,710 | ▼ 6.7% |
| Recurring financial charges65 | €11,033 | €8,688 | €11,009 | €16,835 | €15,710 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | -€55,592 | €69,993 | -€59,202 | -€83,333 | -€57,873 | ▲ 30.6% |
| Profit (loss) for the period9904 | -€55,592 | €69,993 | -€59,202 | -€83,333 | -€57,873 | ▲ 30.6% |
| Profit (loss) for the period to be appropriated9905 | -€55,592 | €69,993 | -€59,202 | -€83,333 | -€57,873 | ▲ 30.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391,932 | €553,777 | €575,228 | €606,218 | €566,933 | ▼ 6.5% |
| Fixed assets21/28 | €258,751 | €413,708 | €497,174 | €546,477 | €522,123 | ▼ 4.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €258,541 | €413,498 | €496,964 | €546,267 | €521,912 | ▼ 4.5% |
| Plant, machinery and equipment23 | €80,500 | €168,704 | €362,004 | €318,464 | €383,483 | ▲ 20.4% |
| Furniture and vehicles24 | €22,665 | €6,760 | €7,582 | €39,705 | €17,736 | ▼ 55.3% |
| Leasing and similar rights25 | €155,375 | €238,034 | €127,379 | €188,098 | €117,507 | ▼ 37.5% |
| Other tangible fixed assets26 | - | - | - | - | €3,187 | - |
| Financial fixed assets28 | €210 | €210 | €210 | €210 | €210 | = |
| Current assets29/58 | €133,181 | €140,069 | €78,054 | €59,741 | €44,810 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €130,856 | €123,543 | €39,233 | €44,641 | €28,249 | ▼ 36.7% |
| Trade receivables40 | €113,699 | €111,279 | €25,806 | €34,380 | €17,860 | ▼ 48.1% |
| Other amounts receivable41 | €17,157 | €12,264 | €13,427 | €10,261 | €10,389 | ▲ 1.2% |
| Cash at bank and in hand54/58 | €1,018 | €14,596 | €36,058 | €10,706 | €13,383 | ▲ 25.0% |
| Deferred charges and accrued income490/1 | €1,307 | €1,930 | €2,763 | €4,393 | €3,179 | ▼ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391,932 | €553,777 | €575,228 | €606,218 | €566,933 | ▼ 6.5% |
| Equity10/15 | -€239,081 | €92,482 | €27,382 | -€57,739 | -€116,029 | ▼ 101% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Revaluation surpluses12 | - | €267,467 | €222,880 | €178,293 | €133,707 | ▼ 25.0% |
| Reserves13 | - | - | €44,587 | €89,173 | €133,760 | ▲ 50.0% |
| Distributable reserves133 | - | - | €44,587 | €89,173 | €133,760 | ▲ 50.0% |
| Profit (loss) carried forward14 | -€273,601 | -€203,609 | -€262,811 | -€346,145 | -€404,017 | ▼ 16.7% |
| Investment grants15 | €14,520 | €8,624 | €2,727 | €939 | €522 | ▼ 44.4% |
| Amounts payable17/49 | €631,013 | €461,295 | €547,846 | €663,957 | €682,962 | ▲ 2.9% |
| Amounts payable after more than one year17 | €218,973 | €133,302 | €245,859 | €251,559 | €270,210 | ▲ 7.4% |
| Financial debts170/4 | €218,973 | €133,302 | €245,859 | €251,559 | €270,210 | ▲ 7.4% |
| Amounts payable within one year42/48 | €410,269 | €326,222 | €299,387 | €410,626 | €410,980 | ▲ 0.1% |
| Current portion of amounts payable after more than one year42 | €83,946 | €85,671 | €67,628 | €83,736 | €84,153 | ▲ 0.5% |
| Trade debts44 | €139,496 | €80,966 | €77,353 | €50,829 | €27,521 | ▼ 45.9% |
| Suppliers440/4 | €139,496 | €80,966 | €77,353 | €50,829 | €27,521 | ▼ 45.9% |
| Taxes, remuneration and social security45 | €3,309 | €3,729 | €3,629 | €2,195 | €4,366 | ▲ 98.9% |
| Taxes450/3 | €263 | €158 | €4 | €0 | €336 | - |
| Remuneration and social security454/9 | €3,046 | €3,571 | €3,625 | €2,195 | €4,030 | ▲ 83.6% |
| Other amounts payable47/48 | €183,519 | €155,856 | €150,777 | €273,866 | €294,941 | ▲ 7.7% |
| Accrued charges and deferred income492/3 | €1,772 | €1,772 | €2,600 | €1,772 | €1,772 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,592 | €69,993 | -€59,202 | -€83,333 | -€57,873 | ▲ 30.6% |
| + Depreciation and write-downs630 | €107,148 | €111,260 | €104,004 | €113,785 | €115,026 | ▲ 1.1% |
| Operating cash flow (approximation) | €51,555 | €181,252 | €44,802 | €30,452 | €57,153 | ▲ 87.7% |
| Investment in fixed assets (approximation) | - | -€266,217 | -€187,471 | -€163,088 | -€90,671 | ▲ 44.4% |
| Change in cash | - | €13,579 | €21,462 | -€25,352 | €2,676 | ▲ 111% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€83,333
Net result drops to -€83,333, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €69,993
Net result €69,993 after 3 loss-making years.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Durbuy · 1 establishment unit since 2018
Ground area
7,919 m²
Building footprint
285 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Lantigné (Petithan) 51, 6940 Durbuy
since 20182.285.805.295
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83016B0553/00P000 | Wallonia | 5,105 m² | 1 · 165 m² | - |
| 83004B1280/00P000 | Wallonia | 2,813 m² | 1 · 120 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,232. 2,169 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
Founded25-10-2018
Fiscal year end30-09
Activities, NACEBEL 2025
02200Logging
43120Site preparation
Contact
E-mail
claude_cmr@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712594563
Also
9925:BE0712594563
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.