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MARGIMMO

Active
Public limited companyfounded 198640 yrs activeLoofstraat(Kor) 30, 8500 Kortrijk, BelgiumKBO/BCE: BE 0428.774.543
Summary

MARGIMMO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €35,381. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability30=
Solvency77▼-3
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.47 in 2024; short-term debt: 44.1% and cash: 1.4% of total assets), and 48% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
52%
Return on assets
0.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
105 d early
2024
90 d early
2023
113 d early
2022
116 d early
2021
81 d early
2020
39 d early
2019
92 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 91 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 March 1986, MARGIMMO was incorporated.1 Total assets went from EUR 4.3 million in 2018 to EUR 4.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€2.5m▼ 4.6%
2024 · €2.6m
Total assets
€4.7m▲ 1.3%
2024 · €4.7m
Net result
€35,381
2024 · -€48,195
Working capital
€876,638▼ 0.7%
2024 · €882,486
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€35,379▼ 81.7%€46,390▲ 31.1%-€4,062€54,283€38,962▼ 28.2%
Net result€29,312▼ 72.9%-€106,652€19,932-€48,195€35,381
Equity€2.7m▲ 1.1%€2.6m▼ 3.9%€2.6m▲ 0.8%€2.6m▼ 1.8%€2.5m▼ 4.6%
Total assets€4.6m▲ 1.1%€4.5m▼ 1.6%€4.6m▲ 1.9%€4.7m▲ 0.9%€4.7m▲ 1.3%
Debt€1.8m▲ 1.3%€1.9m▲ 2.0%€2.0m▲ 3.9%€2.1m▲ 4.8%€2.2m▲ 8.9%
Working capital€1.2m▲ 0.7%€1.3m▲ 2.9%€719,854▼ 42.7%€882,486▲ 22.6%€876,638▼ 0.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000Operating result 2021: €35,379€35,379Net result 2021: €29,312€29,312Operating result 2022: €46,390€46,390Net result 2022: -€106,652-€106,652Operating result 2023: -€4,062-€4,062Net result 2023: €19,932€19,932Operating result 2024: €54,283€54,283Net result 2024: -€48,195-€48,195Operating result 2025: €38,962€38,962Net result 2025: €35,381€35,38120212022202320242025-€50,000€0€50,000Operating result 2023: -€4,062-€4,060Net result 2023: €19,932€19,900Operating result 2024: €54,283€54,300Net result 2024: -€48,195-€48,200Operating result 2025: €38,962€39,000Net result 2025: €35,381€35,400202320242025
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets €1.8m ▼ 7.3%
Current assets €3.0m ▲ 7.3%
Equity and liabilities €4.7m
Equity €2.5m ▼ 4.6%
Provisions €35,988 ▼ 9.2%
Debt €2.2m ▲ 8.9%
Debt's share of the balance-sheet total rises from 43.9% to 47.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€178,466▼
2024 · €226,596
Cash flow
€174,886▲
2024 · €124,118
Current ratio
1.42▼
2024 · 1.47
Debt to equity
0.91▲
2024 · 0.80
ROE
1.4%▲
2024 · -1.9%
ROA
0.7%▲
2024 · -1.0%
Interest coverage
1.26▼
2024 · 1.44
Debt ≤ 1 year
€2.1m▲
2024 · €1.9m
Debt > 1 year
€12,344=
2024 · €12,344
Income taxes
€4,924▲
2024 · €285
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.7m€4.7m▲
Fixed assets21/28€1.9m€1.8m▼
Tangible fixed assets22/27€1.9m€1.8m▼
Land and buildings22€1.9m€1.8m▼
Furniture and vehicles24€13,623€6,123▼
Current assets29/58€2.8m€3.0m▲
Amounts receivable within one year40/41€26,864€31,462▲
Trade receivables40€5,109€3,454▼
Other amounts receivable41€21,755€28,008▲
Current investments50/53€2.6m€2.8m▲
Cash at bank and in hand54/58€93,814€66,370▼
Deferred charges and accrued income490/1€15,845€17,740▲
Equity and liabilities
Total equity and liabilities10/49€4.7m€4.7m▲
Equity10/15€2.6m€2.5m▼
Contributions10/11€872,970€872,970=
Capital10€872,970€872,970=
Issued capital100€872,970€872,970=
Reserves13€1.7m€1.6m▼
Non-distributable reserves130/1€87,297€87,297=
Legal reserve130€87,297€87,297=
Tax-exempt reserves132€118,959€107,965▼
Distributable reserves133€1.5m€1.4m▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€39,653€35,988▼
Deferred taxes168€39,653€35,988▼
Amounts payable17/49€2.1m€2.2m▲
Amounts payable after more than one year17€12,344€12,344=
Other amounts payable178/9€12,344€12,344=
Amounts payable within one year42/48€1.9m€2.1m▲
Trade debts44€541€6,340▲
Suppliers440/4€541€6,340▲
Taxes, remuneration and social security45€4,297€4,638▲
Taxes450/3€4,297€4,638▲
Other amounts payable47/48€1.9m€2.1m▲
Accrued charges and deferred income492/3€160,877€136,668▼
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172,312€139,505▼
Other operating charges640/8€31,494€32,111▲
Gross operating margin9900€258,090€210,577▼
Operating profit (loss)9901€54,283€38,962▼
Financial income75/76B€49,456€139,080▲
Recurring financial income75€49,456€139,080▲
Financial charges65/66B€156,816€141,401▼
Recurring financial charges65€156,816€141,401▼
Profit (loss) for the period before taxes9903-€53,077€36,641▲
Transfer from deferred taxes780€5,167€3,665▼
Income taxes67/77€285€4,924▲
Profit (loss) for the period9904-€48,195€35,381▲
Transfer from tax-exempt reserves789€15,502€10,994▼
Profit (loss) for the period to be appropriated9905-€32,693€46,376▲
Appropriation of the result
Profit (loss) to be appropriated9906-€32,693€46,376▲
Transfer from equity791/2€32,693€152,861▲
Transfer to equity691/2€0€46,376▲
To other reserves6921€0€46,376▲
Profit to be distributed694/7-€152,861
Return on contributions (dividend)694-€152,861

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€5,500-€60,000€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151,101€145,267€243,475€172,312€139,505▼ 19.0%
Other operating charges640/8€26,949€26,058€29,482€31,494€32,111▲ 2.0%
Gross operating margin9900€213,429€217,715€268,894€258,090€210,577▼ 18.4%
Operating profit (loss)9901€35,379€46,390-€4,062€54,283€38,962▼ 28.2%
Financial income75/76B€71,996€40,269€77,440€49,456€139,080▲ 181%
Recurring financial income75€71,996€40,269€77,440€49,456€139,080▲ 181%
Financial charges65/66B€65,747€190,992€54,779€156,816€141,401▼ 9.8%
Recurring financial charges65€65,747€190,992€54,779€156,816€141,401▼ 9.8%
Profit (loss) for the period before taxes9903€41,628-€104,332€18,599-€53,077€36,641▲ 169%
Transfer from deferred taxes780€5,167€5,167€5,167€5,167€3,665▼ 29.1%
Income taxes67/77€17,484€7,487€3,834€285€4,924▲ 1,627%
Profit (loss) for the period9904€29,312-€106,652€19,932-€48,195€35,381▲ 173%
Transfer from tax-exempt reserves789€15,502€15,502€15,502€15,502€10,994▼ 29.1%
Profit (loss) for the period to be appropriated9905€44,813-€91,150€35,434-€32,693€46,376▲ 242%
Line20212022202320242025Change
Assets
Total assets20/58€4.6m€4.5m€4.6m€4.7m€4.7m▲ 1.3%
Fixed assets21/28€1.6m€1.5m€2.1m€1.9m€1.8m▼ 7.3%
Tangible fixed assets22/27€1.6m€1.5m€2.1m€1.9m€1.8m▼ 7.3%
Land and buildings22€1.6m€1.5m€2.1m€1.9m€1.8m▼ 7.0%
Plant, machinery and equipment23€1,024€512€0---
Furniture and vehicles24€37,311€29,162€21,164€13,623€6,123▼ 55.1%
Current assets29/58€3.0m€3.0m€2.6m€2.8m€3.0m▲ 7.3%
Amounts receivable within one year40/41€1,114€6,962€14,227€26,864€31,462▲ 17.1%
Trade receivables40-€3,771€3,368€5,109€3,454▼ 32.4%
Other amounts receivable41€1,114€3,192€10,859€21,755€28,008▲ 28.7%
Current investments50/53€2.4m€2.9m€2.3m€2.6m€2.8m▲ 8.5%
Cash at bank and in hand54/58€518,072€133,013€181,931€93,814€66,370▼ 29.3%
Deferred charges and accrued income490/1€24,758€14,794€20,221€15,845€17,740▲ 12.0%
Equity and liabilities
Total equity and liabilities10/49€4.6m€4.5m€4.6m€4.7m€4.7m▲ 1.3%
Equity10/15€2.7m€2.6m€2.6m€2.6m€2.5m▼ 4.6%
Contributions10/11€872,970€872,970€872,970€872,970€872,970=
Capital10€872,970€872,970€872,970€872,970€872,970=
Issued capital100€872,970€872,970€872,970€872,970€872,970=
Reserves13€1.8m€1.7m€1.8m€1.7m€1.6m▼ 6.9%
Non-distributable reserves130/1€87,297€87,297€87,297€87,297€87,297=
Legal reserve130€87,297€87,297€87,297€87,297€87,297=
Tax-exempt reserves132€165,465€149,963€134,461€118,959€107,965▼ 9.2%
Distributable reserves133€1.6m€1.5m€1.5m€1.5m€1.4m▼ 7.1%
Profit (loss) carried forward14----€0-
Provisions and deferred taxes16€55,155€49,988€44,820€39,653€35,988▼ 9.2%
Deferred taxes168€55,155€49,988€44,820€39,653€35,988▼ 9.2%
Amounts payable17/49€1.8m€1.9m€2.0m€2.1m€2.2m▲ 8.9%
Amounts payable after more than one year17€16,904€16,904€12,344€12,344€12,344=
Other amounts payable178/9€16,904€16,904€12,344€12,344€12,344=
Amounts payable within one year42/48€1.8m€1.8m€1.8m€1.9m€2.1m▲ 11.1%
Trade debts44€1,046€605€2,278€541€6,340▲ 1,071%
Suppliers440/4€1,046€605€2,278€541€6,340▲ 1,071%
Taxes, remuneration and social security45€4,481-€3,543€4,297€4,638▲ 7.9%
Taxes450/3€4,481-€3,543€4,297€4,638▲ 7.9%
Other amounts payable47/48€1.7m€1.8m€1.8m€1.9m€2.1m▲ 10.8%
Accrued charges and deferred income492/3€76,685€78,790€110,100€160,877€136,668▼ 15.0%
Line20212022202320242025Change
Profit (loss) for the period9904€29,312-€106,652€19,932-€48,195€35,381▲ 173%
+ Depreciation and write-downs630€151,101€145,267€243,475€172,312€139,505▼ 19.0%
Operating cash flow (approximation)€180,413€38,615€263,406€124,118€174,886▲ 40.9%
Investment in fixed assets (approximation)-€0-€822,462-€7,096€0▲ 100%
Change in cash--€385,059€48,918-€88,117-€27,443▲ 68.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €35,381
Net result €35,381 after one loss-making year.
02-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
09-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €19,932
Net result €19,932 after one loss-making year.
06-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
11-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Highest result since 2018net €108,342 ▲649%
Operating result €193,554, net result €108,342, both a record.
30-04
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Back to profitnet €14,462
Net result €14,462 after one loss-making year.
26-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
17-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
10-05
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Kortrijk · 1 establishment unit since 1986
seat establishment approximate The establishment unit on the map
Ground area
9,448 m²
Parcel 34022E1132/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
N V MARGIMMO
Loofstraat(Kor) 30, 8500 KortrijkInsurance, reinsurance and pension funding, except compulsory social security
since 19862.102.608.919
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34022E1132/00C000 Flanders 9,448 m² - -
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

967600WTZULARMLWXX48
live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded28-03-1986
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.