MarGau
ActiveMarGau has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-74k) and a net result of €-26k. Equity is shrinking by ~59.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-6
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.09 in 2024; short-term debt: 87.7% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
-42.3%
Return on assets
-14.6%
Age of the figures
15 mo
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 · 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 €-74k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
33 d early
2023
28 d early
2022
41 d early
2021
44 d early
2020
40 d early
2019
40 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€40k▲ 111%
2023 · €19k
2019: €177k
2020: €70k
2021: €86k
2022: €27k
2023: €19k
2019 → 2024
EBIT margin
-24.9%▲ 57.0pp
2023 · -81.9%
2019: 22.3%
2020: -32.2%
2021: 19.1%
2022: -40.0%
2023: -81.9%
2019 → 2024
Net result
€-26k▼ 66.4%
2024 · €-15k
2019: €21k
2020: €-36k
2021: €14k
2022: €-18k
2023: €-22k
2024: €-15k
2019 → 2025
Working capital
€-149k▼ 19.3%
2024 · €-125k
2019: €2k
2020: €-41k
2021: €-33k
2022: €-57k
2023: €-86k
2024: €-125k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€86k-€27k▼ 68.9%€19k▼ 28.7%€40k▲ 111%
Equity€6k-€-11k€-33k▼ 187%€-48k▼ 46.6%€-74k▼ 52.9%
Operating result€16k-€-11k€-16k▼ 46.1%€-10k▲ 35.8%€-20k▼ 101%
Net result€14k-€-18k€-22k▼ 20.7%€-15k▲ 28.5%€-26k▼ 66.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €10k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€170k▼ 6.7%
Current assets
€5k▼ 61.5%
Key figures and ratios
EBITDA
€-15k▼
2024 · €-4k
Cash flow
€-21k▼
2024 · €-9k
Solvency
-42.3%▼
2024 · -24.9%
Current ratio
0.03▼
2024 · 0.09
Quick ratio
0.03▼
2024 · 0.09
Debt / equity
-3.36▲
2024 · -5.02
ROA
-14.6%▼
2024 · -7.9%
Interest coverage
-3.29▼
2024 · -0.74
Debt
€249k▲
2024 · €243k
Debt ≤ 1 year
€153k▲
2024 · €137k
Debt > 1 year
€96k▼
2024 · €106k
Income taxes
€872
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€195k€175k▼
Fixed assets21/28€183k€170k▼
Tangible fixed assets22/27€183k€170k▼
Land and buildings22€165k€161k▼
Furniture and vehicles24€17k€9k▼
Current assets29/58€12k€5k▼
Amounts receivable within one year40/41€12k€5k▼
Trade receivables40€5k-
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€36€50▲
Equity and liabilities
Total equity and liabilities10/49€195k€175k▼
Equity10/15€-48k€-74k▼
Contributions10/11€6k€6k=
Reserves13€20k€20k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-75k€-101k▼
Amounts payable17/49€243k€249k▲
Amounts payable after more than one year17€106k€96k▼
Financial debts170/4€106k€96k▼
Amounts payable within one year42/48€137k€153k▲
Current portion of amounts payable after more than one year42€13k€11k▼
Financial debts43€930€2k▲
Credit institutions430/8€332€2k▲
Other loans439€598-
Trade debts44€6k-
Suppliers440/4€6k-
Other amounts payable47/48€117k€140k▲
Income statement
Code20242025
Turnover70€40k-
Non-recurring operating income76A€5k€28k▲
Goods, raw materials, services and sundry goods60/61€49k€26k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€664€17k▲
Gross operating margin9900€-3k€2k▲
Operating profit (loss)9901€-10k€-20k▼
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-15k€-25k▼
Income taxes67/77-€872
Profit (loss) for the period9904€-15k€-26k▼
Profit (loss) for the period to be appropriated9905€-15k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-101k▼
Profit (loss) brought forward from the previous period14P€-60k€-75k▼
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
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
18-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-36k ▼270%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
2019
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
22-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
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.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2006
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.
Louizalaan 2311050 BrusselGround area
5,825 m²
Building footprint
3,954 m²
Volume, LiDAR
87,007 m³
2 parcels, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Geleytsbeekstraat 75, 1180 Ukkel
since 20062.152.539.569
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 21614E0234/00E012 | Brussels | 153 m² | 1 · 76 m² | 9.9 m · 3 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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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 17,978 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2006
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gvanreepinghen@gmail.com