MARGEMA
ActiveMARGEMA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.01M and a net result of €52k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 60 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
81
/ 100
Excellent▼ -19 vs 2025
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability22▼-15
Solvency90▼-7
Growth67▼-1
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.07 in 2025), but 51.5% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
48.5%
Return on assets
2.5%
Age of the figures
7 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 05-08-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
26 d early
2025
25 d early
2024
9 d early
2023
55 d early
2022
54 d early
2021
56 d early
2020
53 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-01-2027 close31-08-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
€6.48M▼ 1.8%
2025 · €6.60M
2019: €5.13M
2020: €5.32M
2021: €6.14M
2022: €6.19M
2023: €5.28M
2024: €4.94M
2025: €6.60M
2019 → 2026
EBIT margin
1.4%▼ 1.6pp
2025 · 2.9%
2019: 1.2%
2020: 1.5%
2021: 2.6%
2022: 1.9%
2023: 2.4%
2024: 2.0%
2025: 2.9%
2019 → 2026
Net result
€52k▼ 54.9%
2025 · €116k
2019: €42k
2020: €52k
2021: €53k
2022: €78k
2023: €78k
2024: €55k
2025: €116k
2019 → 2026
Working capital
€904k▲ 9.4%
2025 · €826k
2019: €826k
2020: €779k
2021: €842k
2022: €953k
2023: €865k
2024: €710k
2025: €826k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€6.19M-€5.28M▼ 14.8%€4.94M▼ 6.4%€6.60M▲ 33.6%€6.48M▼ 1.8%
Equity€833k-€791k▼ 5.0%€846k▲ 7.0%€962k▲ 13.7%€1.01M▲ 5.5%
Operating result€120k-€128k▲ 6.6%€98k▼ 23.5%€192k▲ 95.9%€88k▼ 54.2%
Net result€78k-€78k▲ 0.1%€55k▼ 29.4%€116k▲ 111%€52k▼ 54.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 54% below 2025 and is the lowest year so far.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.09M
Fixed assets
€130k▼ 20.5%
Current assets
€1.96M▲ 22.7%
Equity and liabilities €2.09M
Equity
€1.01M▲ 5.5%
Debt
€1.08M▲ 34.6%
The debt ratio rises from 45.4% to 51.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€135k▼
2025 · €235k
Cash flow
€100k▼
2025 · €159k
Solvency
48.5%▼
2025 · 54.6%
Current ratio
1.85▼
2025 · 2.07
Quick ratio
1.85▼
2025 · 2.07
Debt / equity
1.06▲
2025 · 0.83
ROE
5.2%▼
2025 · 12.1%
ROA
2.5%▼
2025 · 6.6%
Interest coverage
4.94▼
2025 · 5.70
Debt
€1.08M▲
2025 · €801k
Debt ≤ 1 year
€1.06M▲
2025 · €774k
Income taxes
€22k▼
2025 · €47k
Staff costs
€807k▲
2025 · €737k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€1.76M€2.09M▲
Fixed assets21/28€163k€130k▼
Tangible fixed assets22/27€97k€78k▼
Land and buildings22€4k€373▼
Plant, machinery and equipment23€75k€61k▼
Furniture and vehicles24€18k€17k▼
Financial fixed assets28€66k€52k▼
Current assets29/58€1.60M€1.96M▲
Amounts receivable within one year40/41€548k€603k▲
Trade receivables40€101k€120k▲
Other amounts receivable41€447k€483k▲
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€335k€692k▲
Deferred charges and accrued income490/1€713k€664k▼
Equity and liabilities
Total equity and liabilities10/49€1.76M€2.09M▲
Equity10/15€962k€1.01M▲
Contributions10/11€160k€160k=
Reserves13€802k€855k▲
Distributable reserves133€802k€855k▲
Amounts payable17/49€801k€1.08M▲
Amounts payable within one year42/48€774k€1.06M▲
Financial debts43€92k€80k▼
Credit institutions430/8€92k€80k▼
Trade debts44€562k€860k▲
Suppliers440/4€562k€860k▲
Advances received on contracts in progress46-€54k
Taxes, remuneration and social security45€60k€56k▼
Taxes450/3€27k€22k▼
Remuneration and social security454/9€33k€34k▲
Other amounts payable47/48€61k€10k▼
Accrued charges and deferred income492/3€27k€18k▼
Income statement
Code20252026
Turnover70€6.60M€6.48M▼
Non-recurring operating income76A€50€0▼
Goods, raw materials, services and sundry goods60/61€5.60M€5.53M▼
Remuneration, social security and pensions62€737k€807k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€47k▲
Other operating charges640/8€15k€11k▼
Gross operating margin9900€987k€954k▼
Operating profit (loss)9901€192k€88k▼
Financial income75/76B€12k€14k▲
Recurring financial income75€12k€14k▲
Financial charges65/66B€41k€27k▼
Recurring financial charges65€41k€27k▼
Profit (loss) for the period before taxes9903€164k€75k▼
Income taxes67/77€47k€22k▼
Profit (loss) for the period9904€116k€52k▼
Profit (loss) for the period to be appropriated9905€116k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€116k€52k▼
Transfer to equity691/2€116k€52k▼
To other reserves6921€116k€52k▼
Social balance
Average headcount (FTE)908715.614.0▼
The notes to these accounts (20 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 2027, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-01
Financial
Equity above €1MEq €1.01M ▲5.5%
8 profitable years in a row build equity to €1.01M.
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-01
Financial
Highest result since 2019net €116k ▲111%
Operating result €192k, net result €116k, both a record.
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Dilsen-Stokkem · 1 establishment unit since 1983
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.
Meerkensstraat 203650 Dilsen-StokkemGround area
4,887 m²
Building footprint
1,403 m²
Volume, LiDAR
8,231 m³
Parcel 73043B0289/00V004, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOUWBEDRIJF MARGEMA
since 19832.022.218.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0289/00V004 | Flanders | 4,887 m² | 1 · 1,403 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JACXSENS STEVEN
BE 0899.515.741
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BE 0511.998.167
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VAN GESTEL-VAN PEER
BE 0411.956.525
Lille · Eq €1.01M
POLLET MARC en KRIS
BE 0456.564.350
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Algemene Bouwwerken Sadones
BE 0414.945.412
Brakel · Eq €1.02M
Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 6,313 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-1983
Fiscal year end31-01
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.