Marfinesse
ActiveMarfinesse has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €10k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-14
Solvency73▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.8 in 2024; short-term debt: 32.8% and cash: 42% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
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 13
Relative position
BE, all sectors
reference
Sector 13
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d early
2022
on the day
2021
3 d late
2020
34 d late
2019
33 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€94k▲ 10.9%
2024 · €85k
2019: €20k
2020: €19k
2021: €23k
2022: €65k
2023: €70k
2024: €85k
2019 → 2025
Total assets
€196k▼ 8.2%
2024 · €213k
2019: €107k
2020: €82k
2021: €86k
2022: €117k
2023: €127k
2024: €213k
2019 → 2025
Net result
€10k▼ 70.6%
2024 · €34k
2019: €-41k
2020: €-710
2021: €4k
2022: €42k
2023: €5k
2024: €34k
2019 → 2025
Working capital
€77k▲ 20.1%
2024 · €64k
2019: €10k
2020: €10k
2021: €22k
2022: €59k
2023: €65k
2024: €64k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€65k▲ 182%€70k▲ 7.9%€85k▲ 21.0%€94k▲ 10.9%
Operating result€7k-€54k▲ 632%€14k▼ 74.1%€57k▲ 303%€21k▼ 63.6%
Net result€4k-€42k▲ 925%€5k▼ 87.7%€34k▲ 570%€10k▼ 70.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196k
Fixed assets
€55k▼ 21.3%
Current assets
€141k▼ 1.8%
Equity and liabilities €196k
Equity
€94k▲ 10.9%
Debt
€102k▼ 20.7%
The debt ratio falls from 60.2% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €60k
Cash flow
€25k▼
2024 · €37k
Solvency
48.0%▲
2024 · 39.8%
Current ratio
2.20▲
2024 · 1.80
Quick ratio
1.66▲
2024 · 1.60
Debt / equity
1.08▼
2024 · 1.52
ROE
10.8%▼
2024 · 40.6%
ROA
5.2%▼
2024 · 16.1%
Interest coverage
6.26▼
2024 · 13.07
Debt
€102k▼
2024 · €129k
Debt ≤ 1 year
€64k▼
2024 · €80k
Debt > 1 year
€36k▼
2024 · €47k
Income taxes
€6k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€213k€196k▼
Fixed assets21/28€69k€55k▼
Tangible fixed assets22/27€68k€53k▼
Plant, machinery and equipment23€2k€921▼
Furniture and vehicles24€66k€52k▼
Financial fixed assets28€2k€2k=
Current assets29/58€144k€141k▼
Stocks and contracts in progress3€16k€35k▲
Stocks30/36€13k€12k▼
Contracts in progress37€3k€23k▲
Amounts receivable within one year40/41€38k€22k▼
Trade receivables40€38k€21k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€88k€82k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€213k€196k▼
Equity10/15€85k€94k▲
Contributions10/11€6k€6k=
Reserves13€79k€88k▲
Tax-exempt reserves132€24k€24k=
Distributable reserves133€55k€64k▲
Amounts payable17/49€129k€102k▼
Amounts payable after more than one year17€47k€36k▼
Financial debts170/4€47k€36k▼
Amounts payable within one year42/48€80k€64k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€2k€2k=
Credit institutions430/8€2k€2k=
Trade debts44€25k€20k▼
Suppliers440/4€25k€20k▼
Taxes, remuneration and social security45€9k€2k▼
Taxes450/3€9k€2k▼
Other amounts payable47/48€33k€30k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€15k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€61k€38k▼
Operating profit (loss)9901€57k€21k▼
Financial income75/76B€50€1k▲
Recurring financial income75€50€1k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€52k€16k▼
Income taxes67/77€18k€6k▼
Profit (loss) for the period9904€34k€10k▼
Profit (loss) for the period to be appropriated9905€34k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€10k▼
Transfer from equity791/2€19k€908▼
Transfer to equity691/2€34k€10k▼
To other reserves6921€34k€10k▼
Profit to be distributed694/7€20k€908▼
Return on contributions (dividend)694€20k€908▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €42k ▲925%
Net result €42k, the highest in the series.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lummen · 2 establishment units since 2009
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.
Oostereindestraat 843560 LummenGround area
2,036 m²
Building footprint
346 m²
Volume, LiDAR
1,715 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Marfinesse
since 20092.180.376.094
Marfinesse
since 20092.180.378.668
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542B0163/00R002 | Flanders | 1,347 m² | 1 · 177 m² | 6.0 m · 1 fl. |
| 72452E1161/00P007 | Flanders | 690 m² | 1 · 169 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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MAJOLI
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Typicoll
BE 0564.989.366
Sint-Gillis (bij-Brussel) · Eq €102k
ANA DECO
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FLAXEN
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Of 226 companies in sector 13921 we hold annual accounts for 67. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2009
Fiscal year end31-03
Activities, NACEBEL
13921Manufacture of textiles
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.