MARECHAL CONSTRUCTION
ActiveSummary
MARECHAL CONSTRUCTION has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €648,975 and a net result of €98,887. Equity has been growing by about 5.3% per year since 2018. Its solvency ranks better than 65% of 9,396 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-12-1998 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment unit
- 2.089.971.502 4670 Blégny, since 01-01-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €971,489
- ▲ 28.1%
- Turnover
- ≈ €2.2m
- estimated
- Profit
- €98,887
- ▲ 110%
- Equity
- €648,975
- ▲ 5.5%
- Total assets
- €1.1m
- ▲ 7.3%
- Employees on 31-12-2025
- 16
- ▲ 33.3%
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 3.02, cash €324,470Founded in 1998Size: total assets €1.1mShow the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 64% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency
83-1
equity 57.6% of total assets
Liquidity
78-1
short-term debt 22.5% · cash 28.8%
Profitability
80+6
return on assets 8.8%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.02 (3.48 in 2024), above the usual 1.5. Short-term debt is 22.5% and cash 28.8% of total assets. 42.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 66% of them on solvency, 81% on liquidity, 60% on profitability and 47% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
27 days early
2023
78 days early
2022
21 days early
2021
60 days early
2020
81 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 27 filings
Turnover
≈ €2.2m
Estimated: probably between €1.8m and €3.5m
EBIT margin
Not included in this filing
Net result
€98,887▲ 110%
2024 · €47,148
Working capital
€512,875▲ 11.2%
2024 · €461,251
In the rankings
#9 company by equity in Blegny, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€153,413
▲ 102%
2025
20182025
Net result
€98,887
▲ 110%
2025
highest quarter of the sector
20182025
Equity
€648,975
▲ 5.5%
2025
highest quarter of the sector
20182025
Total assets
€1.1m
▲ 7.3%
2025
highest quarter of the sector
20182025
Debt
€477,550
▲ 9.9%
2025
20182025
Working capital
€512,875
▲ 11.2%
2025
highest quarter of the sector
20182025
Solvency
57.6%
▼ 1.0pp
2025
middle half of the sector
20182025
Current ratio
3.02
▼ 0.46
2025
middle half of the sector
20182025
Return on assets (ROA)
8.8%
▲ 4.3pp
2025
middle half of the sector
20182025
Staff (FTE)
14.8
▲ 13.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.07m-€0.1m▲ 29.0%€0.08m▼ 21.8%€0.09m▲ 13.6%€0.08m▼ 12.3%€0.06m▼ 19.1%€0.08m▲ 24.9%€0.2m▲ 102%
Net result€0.05m-€0.07m▲ 44.1%€0.04mwithin the sector's middle half▼ 37.6%€0.06mabove the sector's middle half▲ 29.5%€0.06mabove the sector's middle half▲ 5.2%€0.04mabove the sector's middle half▼ 28.9%€0.05mabove the sector's middle half▲ 12.7%€0.1mabove the sector's middle half▲ 110%
Equity€0.4m-€0.5m▲ 16.5%€0.5mwithin the sector's middle half▲ 8.9%€0.6mabove the sector's middle half▲ 10.6%€0.6mabove the sector's middle half▲ 4.1%€0.6mabove the sector's middle half▲ 0.6%€0.6mabove the sector's middle half▲ 0.4%€0.6mabove the sector's middle half▲ 5.5%
Total assets€0.6m-€0.6m▲ 8.8%€0.7mwithin the sector's middle half▲ 9.1%€0.7mabove the sector's middle half▲ 6.6%€1.0mabove the sector's middle half▲ 39.6%€1.1mabove the sector's middle half▲ 8.0%€1.0mabove the sector's middle half▼ 1.9%€1.1mabove the sector's middle half▲ 7.3%
Debt€0.1m-€0.1m▼ 13.5%€0.1m▲ 10.1%€0.1m▼ 8.8%€0.4m▲ 207%€0.5m▲ 19.7%€0.4m▼ 5.0%€0.5m▲ 9.9%
Working capital€0.3m-€0.4m▲ 19.9%€0.4mwithin the sector's middle half▼ 5.5%€0.4mabove the sector's middle half▼ 4.9%€0.4mabove the sector's middle half▲ 11.7%€0.4mabove the sector's middle half▲ 6.2%€0.5mabove the sector's middle half▲ 5.8%€0.5mabove the sector's middle half▲ 11.2%
Solvency74.4%-79.7%▲ 5.2pp79.5%above the sector's middle half▼ 0.2pp82.4%above the sector's middle half▲ 3.0pp61.4%within the sector's middle half▼ 21.0pp57.3%within the sector's middle half▼ 4.2pp58.6%within the sector's middle half▲ 1.3pp57.6%within the sector's middle half▼ 1.0pp
Current ratio3.71-5.00▲ 1.294.15above the sector's middle half▼ 0.855.77above the sector's middle half▲ 1.624.00above the sector's middle half▼ 1.773.06above the sector's middle half▼ 0.943.48above the sector's middle half▲ 0.423.02within the sector's middle half▼ 0.46
Return on assets (ROA)8.6%-11.3%▲ 2.8pp6.5%within the sector's middle half▼ 4.9pp7.9%within the sector's middle half▲ 1.4pp5.9%within the sector's middle half▼ 1.9pp3.9%within the sector's middle half▼ 2.0pp4.5%within the sector's middle half▲ 0.6pp8.8%within the sector's middle half▲ 4.3pp
Staff (FTE)11.7-12.7▲ 8.5%11.3within the sector's middle half▼ 11.0%10.8▼ 4.4%10.7▼ 0.9%13.1▲ 22.4%13.1=14.8▲ 13.0%
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 102% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€360,263 ▼ 10.5%
Current assets
€766,262 ▲ 18.4%
Equity and liabilities €1.1m
Equity
€648,975 ▲ 5.5%
Debt
€477,550 ▲ 9.9%
Debt's share of the balance-sheet total rises from 41.4% to 42.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€231,775▲
2024 · €155,670
Cash flow
€177,248▲
2024 · €126,904
Quick ratio
2.78▼
2024 · 3.32
Debt to equity
0.74▲
2024 · 0.71
ROE
15.2%▲
2024 · 7.7%
Interest coverage
17.45▲
2024 · 13.88
Debt ≤ 1 year
€253,387▲
2024 · €185,876
Debt > 1 year
€218,077▼
2024 · €244,835
Income taxes
€41,929▲
2024 · €18,032
Staff costs
€733,654▲
2024 · €599,632
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 12 | 13 | 12 | 16 |
| full-time | 10 | 12 | 13 | 12 | 16 |
| in full-time equivalents | 10 | 12 | 13 | 12 | 16 |
| Average over the year, in full-time equivalents | 10.8 | 10.7 | 13.1 | 13.1 | 14.8 |
| On a permanent contract | 9 | 9 | 9 | 10 | 13 |
| Joined | 4 | 4 | 9 | 6 | 8 |
| Left | 4 | 2 | 8 | 7 | 4 |
| Training hours | 112 | 2,488 | 3,232 | 2,712 | 3,040 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €161,890 | €256,138 | €65,063 | €64,519 | €95,888 |
| Financial fixed assets | - | - | - | - | €868 |
| Depreciation and write-downs of the year | €53,424 | €73,873 | €68,498 | €79,755 | €78,361 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | €16,500 | €31,881 | €12,000 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €479,340 | €470,294 | €574,773 | €599,632 | €733,654 | ▲ 22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,985 | €51,424 | €37,115 | €53,424 | €73,873 | €68,498 | €79,755 | €78,361 | ▼ 1.7% |
| Other operating charges640/8 | - | - | - | €1,733 | €4,185 | €999 | €1,534 | €2,699 | ▲ 75.9% |
| Non-recurring operating charges66A | - | - | - | €62 | €2,218 | - | €1,622 | €3,361 | ▲ 107% |
| Gross operating margin9900 | €548,504 | €639,817 | €572,513 | €620,225 | €625,718 | €705,052 | €758,459 | €971,489 | ▲ 28.1% |
| Operating profit (loss)9901 | €74,707 | €96,384 | €75,400 | €85,666 | €75,148 | €60,782 | €75,915 | €153,413 | ▲ 102% |
| Financial income75/76B | - | - | - | €207 | €2 | €27 | €481 | €684 | ▲ 42.2% |
| Recurring financial income75 | €4,835 | €8,333 | €1,438 | €207 | €2 | €27 | €481 | €684 | ▲ 42.2% |
| Financial charges65/66B | - | - | - | €14,823 | €5,207 | €7,046 | €11,216 | €13,281 | ▲ 18.4% |
| Recurring financial charges65 | €12,916 | €6,754 | €19,904 | €14,823 | €5,207 | €7,046 | €11,216 | €13,281 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €66,627 | €97,963 | €56,934 | €71,050 | €69,943 | €53,763 | €65,180 | €140,816 | ▲ 116% |
| Income taxes67/77 | €18,612 | €28,790 | €13,738 | €15,093 | €11,090 | €11,921 | €18,032 | €41,929 | ▲ 133% |
| Profit (loss) for the period9904 | €48,014 | €69,172 | €43,196 | €55,957 | €58,853 | €41,842 | €47,148 | €98,887 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €48,014 | €69,172 | €43,196 | €55,957 | €58,853 | €41,842 | €47,148 | €98,887 | ▲ 110% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.6m | €0.7m | €0.7m | €1.0m | €1.1m | €1.0m | €1.1m | ▲ 7.3% |
| Fixed assets21/28 | €0.09m | €0.1m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 10.5% |
| Tangible fixed assets22/27 | €0.09m | €0.09m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 10.9% |
| Land and buildings22 | - | - | - | - | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 5.6% |
| Plant, machinery and equipment23 | - | - | - | €0.08m | €0.06m | €0.04m | €0.02m | €0.04m | ▲ 61.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.09m | €0.1m | €0.06m | ▼ 39.5% |
| Other tangible fixed assets26 | - | - | - | €246 | €0.005m | €0.005m | €0.004m | €0.004m | ▼ 13.2% |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.007m | ▲ 13.8% |
| Current assets29/58 | €0.5m | €0.5m | €0.5m | €0.4m | €0.5m | €0.6m | €0.6m | €0.8m | ▲ 18.4% |
| Stocks and contracts in progress3 | €0 | - | - | €0.06m | €0 | €0.01m | €0.03m | €0.06m | ▲ 107% |
| Stocks30/36 | - | - | - | - | - | - | €0 | - | - |
| Contracts in progress37 | - | - | - | €0.06m | €0 | €0.01m | €0.03m | €0.06m | ▲ 107% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.2m | €0.1m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 28.0% |
| Trade receivables40 | - | - | - | €0.04m | €0.05m | €0.02m | €0.1m | €0.03m | ▼ 74.6% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 9.1% |
| Current investments50/53 | €0.05m | €0.04m | €0.2m | €0.1m | €0.03m | €0.04m | €0.03m | €0.1m | ▲ 293% |
| Cash at bank and in hand54/58 | €0.06m | €0.2m | €0.09m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 14.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.05m | €0.02m | €0.02m | €0.05m | ▲ 156% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €0.7m | €0.7m | €1.0m | €1.1m | €1.0m | €1.1m | ▲ 7.3% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 5.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 5.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 5.8% |
| Profit (loss) carried forward14 | €0.003m | €0.008m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 6.5% |
| Amounts payable17/49 | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 9.9% |
| Amounts payable after more than one year17 | €0.02m | €0.02m | €0.01m | €0.05m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.9% |
| Financial debts170/4 | - | - | - | €0.05m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 11.1% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.004m | €0.004m | = |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.1m | €0.08m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 36.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.04m | €0.03m | €0.03m | ▲ 2.8% |
| Financial debts43 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Credit institutions430/8 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Trade debts44 | €0.09m | €0.05m | €0.07m | €0.03m | €0.07m | €0.08m | €0.08m | €0.06m | ▼ 25.1% |
| Suppliers440/4 | - | - | - | €0.03m | €0.07m | €0.08m | €0.08m | €0.06m | ▼ 25.1% |
| Advances received on contracts in progress46 | - | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.01m | €0.06m | €0.02m | €0.05m | ▲ 255% |
| Taxes450/3 | - | - | - | €0.002m | €0.002m | €0.007m | €0.004m | €0.01m | ▲ 176% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.009m | €0.05m | €0.01m | €0.04m | ▲ 287% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.03m | €0.04m | €0.06m | €0.1m | ▲ 80.4% |
| Accrued charges and deferred income492/3 | - | - | - | €194 | €50 | €248 | €0.004m | €0.006m | ▲ 55.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,014 | €69,172 | €43,196 | €55,957 | €58,853 | €41,842 | €47,148 | €98,887 | ▲ 110% |
| + Depreciation and write-downs630 | €64,985 | €51,424 | €37,115 | €53,424 | €73,873 | €68,498 | €79,755 | €78,361 | ▼ 1.7% |
| Operating cash flow (approximation) | €113,000 | €120,597 | €80,311 | €109,380 | €132,725 | €110,340 | €126,904 | €177,248 | ▲ 39.7% |
| Investment in fixed assets (approximation) | - | -€56,707 | -€94,576 | -€161,890 | -€252,545 | -€47,358 | -€59,591 | -€36,045 | ▲ 39.5% |
| Change in cash | - | €140,033 | -€113,326 | €36,489 | €77,806 | €115,606 | -€36,089 | €41,166 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as MARECHAL CONSTRUCTION has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of MARECHAL CONSTRUCTION itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,136 companies, not a prediction for MARECHAL CONSTRUCTION. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347028 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00227919 | |
| 31-12-2023 | micro format | 14-05-2024 | 2024-00088255 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00221093 | |
| 31-12-2021 | micro format | 01-06-2022 | 2022-20040934 | |
| 31-12-2020 | full format | 11-05-2021 | 2021-14000130 | |
| 31-12-2019 | full format | 22-07-2020 | 2020-32800359 | |
| 31-12-2018 | full format | 14-08-2019 | 2019-46000405 | |
| 31-12-2017 | full format | 09-05-2018 | 2018-12500432 | |
| 31-12-2016 | full format | 09-05-2017 | 2017-11600245 |
Board & ownership
Directors
Directors
1 director, no change since 2023
Christophe MARECHAL
Current
Statutory director · appointed in the act of 16-11-2023 · earlier manager, until 16-11-2023 · listed in the 2025 annual accounts, filed on 29-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 16-11-2023Owners and capital
Capital transactions
Capital over time
- 16-11-2023 Converted to unavailable equity
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Christophe MARECHAL |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Prix notification initiale ou contestation prix fixé par expert commun accord ou défaut président tribunal de l’entreprise statuant comme en…”
Articles of association, deed of 16-11-2023 (in French)
Network & group
MARECHAL CONSTRUCTION shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MARECHAL CONSTRUCTION. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-07
micro format · 2 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €98,887 ▲110%
The operating result of €153,413 and the net result of €98,887 are both a record.
04-07
micro format · 27 days before the deadline
2024
14-05
micro format · 78 days before the deadline
2023
31-12
Financial
Weakest financial yearnet €41,842 ▼28.9%
The net result drops to €41,842, the lowest from 2018 to 2025. It recovers the following year.
16-11
Gazette deed
Change of role: Christophe MARECHAL, from manager to statutory directorPermanent representative: Christophe MARECHAL · Power of attorney · Amendment of the articles17 points ▸
Gazette deed
Change of role: Christophe MARECHAL, from manager to statutory director
Permanent representative: Christophe MARECHAL · Power of attorney · Amendment of the articles17 points ▸
- Director appointment, Christophe MARECHAL (statutory director), mentioned 2 times in the deed
- General meeting, “adoption nouveaux statuts, unanimité” (deed in French)
- Director resignation, Christophe MARECHAL (manager)
- Permanent representative, Christophe MARECHAL
- Power of attorney
- Power of attorney, Olivier BONNENFANT
- Power of attorney, R-BAG
- General meeting, “ordre du jour épuisé”, 09:00 (deed in French)
- General meeting, 02-11-2023
- Other provision, 1, “ordre du jour point 1” (deed in French)
- Other provision, 2, “ordre du jour point 2” (deed in French)
- Other provision, 3, “ordre du jour point 3” (deed in French)
- The act holds 5 more points.
10-07
micro format · 21 days before the deadline
2022
01-06
micro format · 60 days before the deadline
2021
11-05
full format · 81 days before the deadline
2020
31-12
Financial
Equity above €500,000equity €529,297 ▲8.9%
With a profit in every financial year since 2018, equity grows to €529,297.
22-07
full format · 9 days before the deadline
2019
14-08
full format · 14 days late
2018
09-05
full format · 83 days before the deadline
2017
09-05
full format · 83 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MARECHAL CONSTRUCTION in French
Enterprise number
0464.780.151
Legal form
Private limited company
Status
Active, normale toestand
Founded
24-12-1998
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-11-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales Belgique et étranger par simple décision organe…”
deed of 16-11-2023 (in French)Registered office and establishments
Registered office
Rue Andernack 70, 4670 Blégny, Belgium
Establishment unit
Rue Andernack 70, 4670 Blégny since 01-01-1999 · unit number 2.089.971.502
Activities
NACEBEL 2025VAT activities
41001
General construction of residential buildings main activity
Social security (RSZ) activities
41001
General construction of residential buildings main activity
Codes under NACEBEL 2008
VAT activities
41201
General construction of buildings main activity
Social security (RSZ) activities
41201
General construction of buildings main activity
Codes under NACEBEL 2003
VAT activities
45211
main activity
Social security (RSZ) activities
45211
main activity
Joint committee
124 Paritair Comité voor het bouwbedrijf annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 16-11-2023 (in French)
“Entreprise générale de construction; Entreprise de construction de bâtiments et de travaux de maçonnerie et de béton; Elle peut vendre ou…”
8 activities
- Entreprise générale de construction ;
- Entreprise de construction de bâtiments et de travaux de maçonnerie et de béton ;
- Elle peut vendre ou acheter tous matériels,matériaux de construction et tous produits généralement quelconques nécessaires à son activité ;
- Elle peut agir en qualité de sous-traitant vis-à-vis d’autres entrepreneurs,entreprises ou sociétés ayant un objet analogue ou connexe au sien.
- La société pourra réaliser son objet en tous lieux,de toutes les manières et suivant les modalités qui pourront lui paraître les mieux appropriées.
- Elle pourra notamment,et sans que l’énumération qui va suivre soit limitative,faire toutes opérations industrielles,commerciales,financières ou civiles ayant un rapport direct ou indirect avec son objet ou pouvant en faciliter la réalisation ;
- Acquérir,prendre ou donner à bail,aliéner et acquérir tous immeubles,fonds de commerce ;
- S’intéresser par voie d’association,d’apport ou de fusion,de souscription,de participation,d’intervention financière ou autrement dans toutes sociétés ou entreprises existantes ou à créer,en Belgique,ou à l’étranger,dont l’objet serait analogue ou connexe au sien ou serait susceptible de constituer pour elle une source ou un débouché.
Invoicing and payment
VAT number
BE 0464.780.151
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0464.780.151
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of May at 18:00
deed of 16-11-2023 (in French)Recognitions · licences · registrations
Recognised contractor
4 categoriesMARECHAL CONSTRUCTION SRLapproval number 30800
- D General building contractsclass 4, up to €1,080,000
- D1 All shell construction and roofing-in of buildingsclass 4, up to €1,080,000
- E General civil engineering contractsclass 1, up to €162,000
- G General earthworks contractsclass 1, up to €162,000
Sites & property
Location