MARGE
ActiveSummary
MARGE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 22.04 against 27.22 in 2024; short-term debt: 4% and cash: 5.8% of total assets), and 4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96%
Return on assets
0.4%
Age of the figures
12 mo
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 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
27 d early
2023
43 d early
2022
3 d early
2021
1 d early
2020
22 d early
2019
34 d early
← before the deadline
after the deadline →
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€490k▲ 0.4%
2024 · €488k
2018: €649k
2019: €655k▲ +0.9% vs 2018highest in 8 years
2020: €388k▼ -40.8% vs 2019lowest in 8 years
2021: €429k▲ +10.6% vs 2020
2022: €447k▲ +4.2% vs 2021
2023: €486k▲ +8.8% vs 2022
2024: €488k▲ +0.4% vs 2023
2025: €490k▲ +0.4% vs 2024
2018 → 2025
Total assets
€510k▲ 1.1%
2024 · €505k
2018: €735k
2019: €740k▲ +0.8% vs 2018highest in 8 years
2020: €444k▼ -40.0% vs 2019lowest in 8 years
2021: €475k▲ +6.8% vs 2020
2022: €499k▲ +5.3% vs 2021
2023: €509k▲ +1.9% vs 2022
2024: €505k▼ -0.8% vs 2023
2025: €510k▲ +1.1% vs 2024
2018 → 2025
Net result
€2k▲ 7.7%
2024 · €2k
2018: €58khighest in 8 years
2019: €16k▼ -72.8% vs 2018
2020: €-267k▼ -1786% vs 2019lowest in 8 years
2021: €41k▲ +115% vs 2020
2022: €18k▼ -56.3% vs 2021
2023: €39k▲ +119% vs 2022
2024: €2k▼ -95.4% vs 2023
2025: €2k▲ +7.7% vs 2024
2018 → 2025
Working capital
€430k▲ 2.2%
2024 · €421k
2018: €542k
2019: €543k▲ +0.1% vs 2018highest in 8 years
2020: €255k▼ -52.9% vs 2019lowest in 8 years
2021: €313k▲ +22.5% vs 2020
2022: €347k▲ +10.9% vs 2021
2023: €403k▲ +16.1% vs 2022
2024: €421k▲ +4.6% vs 2023
2025: €430k▲ +2.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€429k-€447k▲ 4.2%€486k▲ 8.8%€488k▲ 0.4%€490k▲ 0.4%
2021: €429klowest in 5 years
2022: €447k▲ +4.2% vs 2021
2023: €486k▲ +8.8% vs 2022
2024: €488k▲ +0.4% vs 2023
2025: €490k▲ +0.4% vs 2024highest in 5 years
Operating result€40k-€98k▲ 147%€51k▼ 48.2%€392▼ 99.2%€3k▲ 573%
2021: €40k
2022: €98k▲ +147% vs 2021highest in 5 years
2023: €51k▼ -48.2% vs 2022
2024: €392▼ -99.2% vs 2023lowest in 5 years
2025: €3k▲ +573% vs 2024
Net result€41k-€18k▼ 56.3%€39k▲ 119%€2k▼ 95.4%€2k▲ 7.7%
2021: €41khighest in 5 years
2022: €18k▼ -56.3% vs 2021
2023: €39k▲ +119% vs 2022
2024: €2k▼ -95.4% vs 2023lowest in 5 years
2025: €2k▲ +7.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 573% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€60k ▼ 12.0%
Current assets
€451k ▲ 3.1%
Equity and liabilities €510k
Equity
€490k ▲ 0.4%
Debt
€20k ▲ 20.1%
Debt's share of the balance-sheet total rises from 3.4% to 4.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12k▼
2024 · €17k
Cash flow
€11k▼
2024 · €18k
Current ratio
22.04▼
2024 · 27.22
Debt to equity
0.04▲
2024 · 0.03
ROE
0.4%▲
2024 · 0.4%
ROA
0.4%▲
2024 · 0.4%
Interest coverage
98.51▲
2024 · 91.01
Debt ≤ 1 year
€20k▲
2024 · €16k
Income taxes
€964▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€505k€510k▲
Fixed assets21/28€68k€60k▼
Tangible fixed assets22/27€68k€60k▼
Land and buildings22€60k€54k▼
Plant, machinery and equipment23-€715
Furniture and vehicles24€7k€5k▼
Current assets29/58€437k€451k▲
Amounts receivable within one year40/41€26k€21k▼
Trade receivables40€18k€12k▼
Other amounts receivable41€9k€9k▲
Current investments50/53€400k€398k▼
Cash at bank and in hand54/58€9k€29k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€505k€510k▲
Equity10/15€488k€490k▲
Contributions10/11€174k€174k=
Capital10€174k€174k=
Issued capital100€174k€174k=
Reserves13€541k€541k=
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Distributable reserves133€523k€523k=
Profit (loss) carried forward14€-226k€-224k▲
Amounts payable17/49€17k€20k▲
Amounts payable within one year42/48€16k€20k▲
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Other amounts payable47/48€11k€9k▼
Accrued charges and deferred income492/3€966-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€19k€13k▼
Operating profit (loss)9901€392€3k▲
Financial income75/76B€3k€379▼
Recurring financial income75€3k€379▼
Financial charges65/66B€182€119▼
Recurring financial charges65€182€119▼
Profit (loss) for the period before taxes9903€3k€3k▼
Income taxes67/77€1k€964▼
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-226k€-224k▲
Profit (loss) brought forward from the previous period14P€-228k€-226k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €16k | €16k | €16k | €9k | ▼ 43.7% |
| Other operating charges640/8 | €2k | €19k | €2k | €2k | €1k | ▼ 56.9% |
| Gross operating margin9900 | €58k | €133k | €69k | €19k | €13k | ▼ 32.7% |
| Operating profit (loss)9901 | €40k | €98k | €51k | €392 | €3k | ▲ 573% |
| Financial income75/76B | €2k | €3k | €3k | €3k | €379 | ▼ 87.2% |
| Recurring financial income75 | €2k | €3k | €3k | €3k | €379 | ▼ 87.2% |
| Financial charges65/66B | €102 | €2k | €189 | €182 | €119 | ▼ 34.5% |
| Recurring financial charges65 | €102 | €2k | €189 | €182 | €119 | ▼ 34.5% |
| Profit (loss) for the period before taxes9903 | €41k | €99k | €53k | €3k | €3k | ▼ 8.8% |
| Income taxes67/77 | €133 | €81k | €14k | €1k | €964 | ▼ 30.3% |
| Profit (loss) for the period9904 | €41k | €18k | €39k | €2k | €2k | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €41k | €18k | €39k | €2k | €2k | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €475k | €499k | €509k | €505k | €510k | ▲ 1.1% |
| Fixed assets21/28 | €116k | €100k | €84k | €68k | €60k | ▼ 12.0% |
| Tangible fixed assets22/27 | €116k | €100k | €84k | €68k | €60k | ▼ 12.0% |
| Land and buildings22 | €79k | €73k | €67k | €60k | €54k | ▼ 10.2% |
| Plant, machinery and equipment23 | - | - | - | - | €715 | - |
| Furniture and vehicles24 | €37k | €27k | €17k | €7k | €5k | ▼ 37.4% |
| Current assets29/58 | €358k | €399k | €425k | €437k | €451k | ▲ 3.1% |
| Amounts receivable within one year40/41 | €11k | €14k | €2k | €26k | €21k | ▼ 18.8% |
| Trade receivables40 | €5k | €12k | €1k | €18k | €12k | ▼ 30.3% |
| Other amounts receivable41 | €6k | €1k | €969 | €9k | €9k | ▲ 4.4% |
| Current investments50/53 | €250k | €375k | €375k | €400k | €398k | ▼ 0.4% |
| Cash at bank and in hand54/58 | €97k | €7k | €46k | €9k | €29k | ▲ 214% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €2k | ▼ 10.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €475k | €499k | €509k | €505k | €510k | ▲ 1.1% |
| Equity10/15 | €429k | €447k | €486k | €488k | €490k | ▲ 0.4% |
| Contributions10/11 | €174k | €174k | €174k | €174k | €174k | = |
| Capital10 | €174k | €174k | €174k | €174k | €174k | = |
| Issued capital100 | €174k | €174k | €174k | €174k | €174k | = |
| Reserves13 | €502k | €502k | €541k | €541k | €541k | = |
| Non-distributable reserves130/1 | €17k | €17k | €17k | €17k | €17k | = |
| Legal reserve130 | €17k | €17k | €17k | €17k | €17k | = |
| Tax-exempt reserves132 | €440k | €440k | - | - | - | - |
| Distributable reserves133 | €44k | €44k | €523k | €523k | €523k | = |
| Profit (loss) carried forward14 | €-246k | €-228k | €-228k | €-226k | €-224k | ▲ 0.9% |
| Amounts payable17/49 | €46k | €52k | €23k | €17k | €20k | ▲ 20.1% |
| Amounts payable within one year42/48 | €46k | €52k | €22k | €16k | €20k | ▲ 27.3% |
| Trade debts44 | €629 | €459 | €30 | €5k | €11k | ▲ 141% |
| Suppliers440/4 | €629 | €459 | €30 | €5k | €11k | ▲ 141% |
| Advances received on contracts in progress46 | €3k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €1k | €18k | - | - | - | - |
| Taxes450/3 | €1k | €18k | - | - | - | - |
| Other amounts payable47/48 | €41k | €34k | €22k | €11k | €9k | ▼ 18.0% |
| Accrued charges and deferred income492/3 | - | - | €493 | €966 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €18k | €39k | €2k | €2k | ▲ 7.7% |
| + Depreciation and write-downs630 | €16k | €16k | €16k | €16k | €9k | ▼ 43.7% |
| Operating cash flow (approximation) | €57k | €34k | €55k | €18k | €11k | ▼ 38.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-966 | - |
| Change in cash | - | €-90k | €39k | €-37k | €20k | ▲ 155% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 19.16
Current ratio from 7.61 to 19.16; short-term debt falls from €52k to €22k.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-267k
Net result drops to €-267k, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
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.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Grobbendonk · 1 establishment unit since 1991
Ground area
138 m²
Building footprint
138 m²
Volume, LiDAR
1,006 m³
Parcel 13010B0194/00G000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MARGE NV
since 19912.053.148.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010B0194/00G000 | Flanders | 138 m² | 1 · 138 m² | 10.2 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
6994009IEG07XKKNGL56
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 34,808 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-04-1991
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.