MARGI
ActiveMARGI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-19k) and a net result of €-50k. Equity is shrinking by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-40
Solvency19▼-17
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.55 in 2024; short-term debt: 104.9% and cash: 5.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
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
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
-5.7%
Return on assets
-14.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-19k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
28 d early
2022
17 d early
2021
3 d early
2020
1 d early
2019
29 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-19k
2024 · €31k
2018: €146k
2019: €149k
2020: €126k
2021: €109k
2022: €71k
2023: €38k
2024: €31k
2018 → 2025
Total assets
€332k▲ 14.4%
2024 · €290k
2018: €356k
2019: €370k
2020: €358k
2021: €365k
2022: €320k
2023: €268k
2024: €290k
2018 → 2025
Net result
€-50k▼ 628%
2024 · €-7k
2018: €5k
2019: €4k
2020: €-23k
2021: €-16k
2022: €-38k
2023: €-34k
2024: €-7k
2018 → 2025
Working capital
€-143k▼ 31.6%
2024 · €-109k
2018: €-68k
2019: €-48k
2020: €-52k
2021: €-45k
2022: €-100k
2023: €-126k
2024: €-109k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€71k▼ 35.0%€38k▼ 47.1%€31k▼ 18.1%€-19k
Operating result€-13k-€-35k▼ 170%€-31k▲ 9.7%€-5k▲ 82.8%€-47k▼ 773%
Net result€-16k-€-38k▼ 133%€-34k▲ 12.5%€-7k▲ 79.7%€-50k▼ 628%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47k in 2025 against €5k 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 €332k
Fixed assets
€127k▼ 18.7%
Current assets
€205k▲ 53.0%
Key figures and ratios
EBITDA
€9k▼
2024 · €50k
Cash flow
€7k▼
2024 · €48k
Solvency
-5.7%▼
2024 · 10.6%
Current ratio
0.59▲
2024 · 0.55
Quick ratio
0.59▲
2024 · 0.55
Debt / equity
-18.70▼
2024 · 8.41
ROA
-14.9%▼
2024 · -2.3%
Interest coverage
3.07▼
2024 · 14.65
Debt
€351k▲
2024 · €259k
Debt ≤ 1 year
€349k▲
2024 · €243k
Debt > 1 year
€2k▼
2024 · €16k
Income taxes
€786▲
2024 · €646
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€290k€332k▲
Fixed assets21/28€156k€127k▼
Tangible fixed assets22/27€156k€127k▼
Land and buildings22€82k€78k▼
Plant, machinery and equipment23€28k€22k▼
Furniture and vehicles24€46k€27k▼
Current assets29/58€134k€205k▲
Amounts receivable within one year40/41€117k€184k▲
Trade receivables40€38k€47k▲
Other amounts receivable41€79k€138k▲
Cash at bank and in hand54/58€14k€20k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€290k€332k▲
Equity10/15€31k€-19k▼
Contributions10/11€19k€19k=
Reserves13€12k€0▼
Distributable reserves133€12k€0▼
Profit (loss) carried forward14-€-37k
Amounts payable17/49€259k€351k▲
Amounts payable after more than one year17€16k€2k▼
Financial debts170/4€16k€2k▼
Amounts payable within one year42/48€243k€349k▲
Current portion of amounts payable after more than one year42€14k€14k▲
Financial debts43€19k€21k▲
Credit institutions430/8€19k€21k▲
Trade debts44€25k€21k▼
Suppliers440/4€25k€21k▼
Taxes, remuneration and social security45€2k€782▼
Taxes450/3€2k€782▼
Other amounts payable47/48€184k€292k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€56k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€3k▼
Other operating charges640/8€17k€16k▼
Gross operating margin9900€82k€29k▼
Operating profit (loss)9901€-5k€-47k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-6k€-49k▼
Income taxes67/77€646€786▲
Profit (loss) for the period9904€-7k€-50k▼
Profit (loss) for the period to be appropriated9905€-7k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-50k▼
Transfer from equity791/2€7k€12k▲
The notes to these accounts (17 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
2026
27-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2026-08-17
- Registered-office move, Tweebruggenstraat 52, 9160 Lokeren
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 1992
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.
Tweebruggenstraat 529160 LokerenGround area
7,288 m²
Building footprint
448 m²
Volume, LiDAR
2,150 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cornelis Peggy
since 19922.057.706.233
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0648/00D000 | Flanders | 6,056 m² | 1 · 262 m² | 7.5 m · 1 fl. |
| 46383D1737/00H000 | Flanders | 1,233 m² | 1 · 186 m² | 9.9 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.
Similar companies · same sector, comparable size
VRL Building
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IMMO DERYCKE
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ImmoDerm
BE 0778.688.086
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AMONIV
BE 0861.686.830
Nivelles · Eq €31k
Deviant 2000
BE 0728.724.871
Tessenderlo-Ham · Eq €31k
Of 12,014 companies in sector 68203 we hold annual accounts for 5,981. 2,557 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-1992
Fiscal year end31-12
Activities, NACEBEL
51340
68203Renting and operating of own or leased non-residential real estate, excluding land
46349Wholesale of beverages, general range
92722
93293Sports, amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 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.