MARECHAL SRL
ActiveSummary
MARECHAL SRL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,397 and a net result of -€3,597. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+65
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
short-term debt: 0.3% and cash: 24.9% of total assets, and 0.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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 · 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 -€3,597
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
17 d early
2023
23 d early
2022
49 d early
2021
47 d early
2020
26 d early
2019
14 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 28 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Pepinster, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,597▲ 84.2%
2024 · -€22,701
Working capital
€37,970▼ 54.2%
2024 · €82,962
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€46,514▲ 7.2%-€18,598€6,939-€22,423-€3,428▲ 84.7%
Net result€34,185above the sector's middle half▲ 4.3%-€18,758below the sector's middle half€6,139within the sector's middle half-€22,701below the sector's middle half-€3,597below the sector's middle half▲ 84.2%
Equity€180,314above the sector's middle half▼ 15.6%€131,556above the sector's middle half▼ 27.0%€137,695above the sector's middle half▲ 4.7%€114,994within the sector's middle half▼ 16.5%€111,397within the sector's middle half▼ 3.1%
Total assets€263,402within the sector's middle half▲ 20.6%€165,102within the sector's middle half▼ 37.3%€138,752within the sector's middle half▼ 16.0%€115,282below the sector's middle half▼ 16.9%€111,685within the sector's middle half▼ 3.1%
Debt€83,088▲ 1,613%€33,546▼ 59.6%€1,057▼ 96.8%€288▼ 72.8%€288=
Working capital€104,120above the sector's middle half▼ 38.4%€69,088within the sector's middle half▼ 33.6%€90,499above the sector's middle half▲ 31.0%€82,962within the sector's middle half▼ 8.3%€37,970within the sector's middle half▼ 54.2%
Solvency68.5%above the sector's middle half▼ 29.3pp79.7%above the sector's middle half▲ 11.2pp99.2%above the sector's middle half▲ 19.6pp99.8%above the sector's middle half▲ 0.5pp99.7%above the sector's middle half=
Current ratio2.25within the sector's middle half▼ 33.583.06within the sector's middle half▲ 0.8186.78above the sector's middle half▲ 83.72
Return on assets (ROA)13.0%within the sector's middle half▼ 2.0pp-11.4%below the sector's middle half▼ 24.3pp4.4%within the sector's middle half▲ 15.8pp-19.7%below the sector's middle half▼ 24.1pp-3.2%below the sector's middle half▲ 16.5pp
Staff (FTE)0.8▼ 20.0%
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 €3,428 in 2025 against €22,423 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,685
Fixed assets
€73,427 ▲ 129%
Current assets
€38,258 ▼ 54.0%
Equity and liabilities €111,685
Equity
€111,397 ▼ 3.1%
Debt
€288 =
Debt's share of the balance-sheet total stays at 0.3%.
Key figures and ratios
EBITDA
€13,177▲
2024 · -€7,257
Cash flow
€13,008▲
2024 · -€7,535
Debt to equity
0.00▲
2024 · 0.00
ROE
-3.2%▲
2024 · -19.7%
Interest coverage
134.46▲
2024 · -88.50
Debt ≤ 1 year
€288=
2024 · €288
Income taxes
€71▼
2024 · €124
Staff costs
€809▼
2024 · €1,375
A ratio outside any meaningful range has been withheld (balance sheet total €111,685, equity €111,397).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 12,321 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 | €49,207 | €9,035 | €1,629 | €1,375 | €809 | ▼ 41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,340 | €16,055 | €15,270 | €15,166 | €16,605 | ▲ 9.5% |
| Other operating charges640/8 | €7,396 | €1,368 | €1,456 | €1,468 | €986 | ▼ 32.8% |
| Non-recurring operating charges66A | €119 | - | - | - | - | - |
| Gross operating margin9900 | €115,576 | €7,860 | €25,294 | -€4,414 | €14,972 | ▲ 439% |
| Operating profit (loss)9901 | €46,514 | -€18,598 | €6,939 | -€22,423 | -€3,428 | ▲ 84.7% |
| Financial income75/76B | €221 | €70 | €13 | €26 | - | - |
| Recurring financial income75 | €221 | €70 | €13 | €26 | - | - |
| Financial charges65/66B | €418 | €222 | €267 | €180 | €98 | ▼ 45.6% |
| Recurring financial charges65 | €224 | €222 | €267 | €82 | €98 | ▲ 19.5% |
| Non-recurring financial charges66B | €194 | - | - | €98 | - | - |
| Profit (loss) for the period before taxes9903 | €46,317 | -€18,750 | €6,685 | -€22,577 | -€3,526 | ▲ 84.4% |
| Income taxes67/77 | €12,132 | €8 | €546 | €124 | €71 | ▼ 42.7% |
| Profit (loss) for the period9904 | €34,185 | -€18,758 | €6,139 | -€22,701 | -€3,597 | ▲ 84.2% |
| Profit (loss) for the period to be appropriated9905 | €34,185 | -€18,758 | €6,139 | -€22,701 | -€3,597 | ▲ 84.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263,402 | €165,102 | €138,752 | €115,282 | €111,685 | ▼ 3.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €76,194 | €62,468 | €47,198 | €32,032 | €73,427 | ▲ 129% |
| Tangible fixed assets22/27 | €76,194 | €62,468 | €47,198 | €32,032 | €73,427 | ▲ 129% |
| Land and buildings22 | €4,204 | €3,388 | €2,823 | €2,258 | €1,694 | ▼ 25.0% |
| Plant, machinery and equipment23 | €546 | €104 | - | - | - | - |
| Furniture and vehicles24 | €30,905 | €23,791 | €14,544 | €5,297 | €51,993 | ▲ 882% |
| Other tangible fixed assets26 | €40,539 | €35,185 | €29,831 | €24,477 | €19,740 | ▼ 19.4% |
| Current assets29/58 | €187,208 | €102,634 | €91,554 | €83,250 | €38,258 | ▼ 54.0% |
| Stocks and contracts in progress3 | €18,162 | €13,729 | €9,543 | €8,475 | €6,969 | ▼ 17.8% |
| Stocks30/36 | €18,162 | €13,729 | €9,543 | €8,475 | €6,969 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €2,268 | €10,305 | €19,260 | €12,364 | €3,425 | ▼ 72.3% |
| Trade receivables40 | €553 | €179 | €603 | €88 | - | - |
| Other amounts receivable41 | €1,715 | €10,126 | €18,657 | €12,276 | €3,425 | ▼ 72.1% |
| Cash at bank and in hand54/58 | €111,230 | €78,400 | €62,543 | €62,411 | €27,864 | ▼ 55.4% |
| Deferred charges and accrued income490/1 | €55,548 | €200 | €208 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263,402 | €165,102 | €138,752 | €115,282 | €111,685 | ▼ 3.1% |
| Equity10/15 | €180,314 | €131,556 | €137,695 | €114,994 | €111,397 | ▼ 3.1% |
| Contributions10/11 | €20,451 | €20,451 | €20,451 | €20,451 | €20,451 | = |
| Outside capital11 | €20,451 | €20,451 | €20,451 | - | - | - |
| Other1109/19 | €20,451 | €20,451 | €20,451 | - | - | - |
| Profit (loss) carried forward14 | €159,863 | €111,105 | €117,244 | €94,543 | €90,946 | ▼ 3.8% |
| Amounts payable17/49 | €83,088 | €33,546 | €1,057 | €288 | €288 | = |
| Amounts payable within one year42/48 | €83,088 | €33,546 | €1,055 | €288 | €288 | = |
| Trade debts44 | €11,871 | €15 | - | - | - | - |
| Suppliers440/4 | €11,871 | €15 | - | - | - | - |
| Taxes, remuneration and social security45 | €23,679 | €12,243 | €767 | - | - | - |
| Taxes450/3 | €23,484 | €12,243 | €767 | - | - | - |
| Remuneration and social security454/9 | €195 | - | - | - | - | - |
| Other amounts payable47/48 | €47,538 | €21,288 | €288 | €288 | €288 | = |
| Accrued charges and deferred income492/3 | - | - | €2 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,185 | -€18,758 | €6,139 | -€22,701 | -€3,597 | ▲ 84.2% |
| + Depreciation and write-downs630 | €12,340 | €16,055 | €15,270 | €15,166 | €16,605 | ▲ 9.5% |
| Operating cash flow (approximation) | €46,525 | -€2,703 | €21,409 | -€7,535 | €13,008 | ▲ 273% |
| Investment in fixed assets (approximation) | - | -€2,329 | €0 | €0 | -€58,000 | - |
| Change in cash | - | -€32,830 | -€15,857 | -€132 | -€34,547 | ▼ 26,072% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€22,701
Net result drops to -€22,701, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 289.06
Current ratio from 86.78 to 289.06; short-term debt falls from €1,055 to €288.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6,139
Net result €6,139 after one loss-making year.
31-12
Financial
Liquidity times 28current ratio 86.78
Current ratio from 3.06 to 86.78; short-term debt falls from €33,546 to €1,055.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €34,185 ▲4.3%
Operating result €46,514, net result €34,185, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 35.83
Current ratio from 16.00 to 35.83; short-term debt falls from €9,961 to €4,852.
Show earlier events
31-12
Financial
Equity above €200,000Eq €213,629 ▲18.1%
2 profitable years in a row build equity to €213,629.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €19,533
Net result €19,533 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Pepinster · 1 establishment unit since 1987
Ground area
725 m²
Parcel 63452C0420/00B002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MARECHAL SRL
since 19872.030.127.549
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63452C0420/00B002 | Wallonia | 725 m² | - | - |
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 7,043 companies in sector 43221 we hold annual accounts for 3,475. 3,059 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
Founded21-08-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43410Roofing work
81220Other building cleaning and industrial cleaning
Contact
Phone
087 46 11 34
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431839347
Also
9925:BE0431839347
Registered
17-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.