MARGOTREM
ActiveSummary
MARGOTREM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €891,694 and a net result of €511,735. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 61% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency77▼-23
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 15.11 in 2024; short-term debt: 44.5% and cash: 42.8% of total assets), and 48.4% 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○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
Real estate activities (NACE 68)
about 43% 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
51.6%
Return on assets
29.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
29 d late
2022
29 d late
2021
27 d late
2020
30 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 oldest company in Haacht, Real estate sector#8 company by equity in Haacht, Real estate sector
Turnover
€25,980
EBIT margin
304.6%
Net result
€511,735
2024 · -€29,798
Working capital
€504,837▼ 19.9%
2024 · €629,879
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€35,354-€37,939▼ 7.3%-€47,364▼ 24.8%-€41,207▲ 13.0%€666,906
Net result€41,101within the sector's middle half-€23,030below the sector's middle half-€34,065below the sector's middle half▼ 47.9%-€29,798below the sector's middle half▲ 12.5%€511,735above the sector's middle half
EBIT margin
Equity€1.2mwithin the sector's middle half▲ 3.5%€1.2mwithin the sector's middle half▼ 1.9%€1.2mwithin the sector's middle half▼ 2.9%€1.1mwithin the sector's middle half▼ 2.6%€891,694within the sector's middle half▼ 21.1%
Total assets€1.5mwithin the sector's middle half▼ 2.2%€1.4mwithin the sector's middle half▼ 8.0%€1.3mwithin the sector's middle half▼ 4.0%€1.3mwithin the sector's middle half▼ 6.0%€1.7mwithin the sector's middle half▲ 38.0%
Debt€185,964▼ 26.9%€97,098▼ 47.8%€84,800▼ 12.7%€44,644▼ 47.4%€767,736▲ 1,620%
Working capital€515,713within the sector's middle half▼ 51.8%€570,237within the sector's middle half▲ 10.6%€610,043above the sector's middle half▲ 7.0%€629,879above the sector's middle half▲ 3.3%€504,837within the sector's middle half▼ 19.9%
Solvency80.7%above the sector's middle half▲ 4.5pp86.1%above the sector's middle half▲ 5.4pp87.2%above the sector's middle half▲ 1.0pp90.3%above the sector's middle half▲ 3.1pp51.6%within the sector's middle half▼ 38.7pp
Current ratio3.77above the sector's middle half▼ 1.446.87above the sector's middle half▲ 3.108.19above the sector's middle half▲ 1.3215.11above the sector's middle half▲ 6.921.66within the sector's middle half▼ 13.45
Return on assets (ROA)2.7%within the sector's middle half▲ 4.5pp-1.7%below the sector's middle half▼ 4.4pp-2.6%below the sector's middle half▼ 0.9pp-2.4%below the sector's middle half▲ 0.2pp29.6%above the sector's middle half▲ 32.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €666,906 after a loss of €41,207 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€454,109 ▼ 21.3%
Current assets
€1.3m ▲ 88.7%
Equity and liabilities €1.7m
Equity
€891,694 ▼ 21.1%
Provisions
€67,252 ▼ 12.2%
Debt
€767,736 ▲ 1,620%
Debt's share of the balance-sheet total rises from 3.6% to 44.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€710,302▲
2024 · €17,796
Cash flow
€555,131▲
2024 · €29,205
Debt to equity
0.86▲
2024 · 0.04
ROE
57.4%▲
2024 · -2.6%
Interest coverage
398.89▲
2024 · 10.10
Debt ≤ 1 year
€767,736▲
2024 · €44,644
Income taxes
€182,309▲
2024 · €1,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €41 | - | €1,920 | €730,803 | ▲ 37,963% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,089 | €86,922 | €85,230 | €59,003 | €43,396 | ▼ 26.5% |
| Other operating charges640/8 | €6,030 | €4,369 | €7,026 | €7,156 | €7,515 | ▲ 5.0% |
| Gross operating margin9900 | €43,766 | €53,353 | €44,892 | €24,953 | €717,817 | ▲ 2,777% |
| Operating profit (loss)9901 | -€35,354 | -€37,939 | -€47,364 | -€41,207 | €666,906 | ▲ 1,718% |
| Financial income75/76B | €96,038 | €6,541 | €3,277 | €4,840 | €19,549 | ▲ 304% |
| Recurring financial income75 | €8,538 | €6,541 | €3,277 | €4,840 | €19,549 | ▲ 304% |
| Non-recurring financial income76B | €87,500 | - | - | - | - | - |
| Financial charges65/66B | €484 | €303 | €822 | €1,762 | €1,781 | ▲ 1.0% |
| Recurring financial charges65 | €484 | €303 | €822 | €1,762 | €1,781 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €60,200 | -€31,700 | -€44,909 | -€38,130 | €684,675 | ▲ 1,896% |
| Transfer from deferred taxes780 | €7,027 | €9,369 | €9,369 | €9,369 | €9,369 | = |
| Income taxes67/77 | €26,127 | €699 | -€1,474 | €1,038 | €182,309 | ▲ 17,467% |
| Profit (loss) for the period9904 | €41,101 | -€23,030 | -€34,065 | -€29,798 | €511,735 | ▲ 1,817% |
| Transfer from tax-exempt reserves789 | €21,081 | €28,108 | €28,108 | €28,108 | €28,108 | = |
| Profit (loss) for the period to be appropriated9905 | €62,182 | €5,078 | -€5,957 | -€1,690 | €539,843 | ▲ 32,045% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.3m | €1.3m | €1.7m | ▲ 38.0% |
| Fixed assets21/28 | €805,868 | €718,946 | €635,706 | €576,702 | €454,109 | ▼ 21.3% |
| Tangible fixed assets22/27 | €805,868 | €718,946 | €635,706 | €576,702 | €454,109 | ▼ 21.3% |
| Land and buildings22 | €784,852 | €704,923 | €626,584 | €574,870 | €452,916 | ▼ 21.2% |
| Plant, machinery and equipment23 | - | - | €1,989 | €1,591 | €1,193 | ▼ 25.0% |
| Furniture and vehicles24 | €21,016 | €14,023 | €7,132 | €241 | - | - |
| Current assets29/58 | €701,677 | €667,334 | €694,843 | €674,522 | €1.3m | ▲ 88.7% |
| Amounts receivable within one year40/41 | €1,942 | €48,123 | €48,061 | €3,061 | €11,588 | ▲ 279% |
| Trade receivables40 | €799 | €799 | - | - | - | - |
| Other amounts receivable41 | €1,144 | €47,325 | €48,061 | €3,061 | €11,588 | ▲ 279% |
| Current investments50/53 | €346,177 | €346,177 | €313,938 | €522,498 | €522,498 | = |
| Cash at bank and in hand54/58 | €353,558 | €273,034 | €332,844 | €148,964 | €738,487 | ▲ 396% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.3m | €1.3m | €1.7m | ▲ 38.0% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.1m | €891,694 | ▼ 21.1% |
| Contributions10/11 | €66,452 | €66,452 | €66,452 | €66,452 | €66,452 | = |
| Capital10 | €66,452 | €66,452 | €66,452 | €66,452 | €66,452 | = |
| Issued capital100 | €66,452 | €66,452 | €66,452 | €66,452 | €66,452 | = |
| Reserves13 | €372,120 | €344,012 | €315,904 | €287,796 | €789,688 | ▲ 174% |
| Non-distributable reserves130/1 | €51,981 | €51,981 | €51,981 | €51,981 | €51,981 | = |
| Legal reserve130 | €51,981 | €51,981 | €51,981 | €51,981 | €51,981 | = |
| Tax-exempt reserves132 | €314,190 | €286,082 | €257,973 | €229,865 | €207,707 | ▼ 9.6% |
| Distributable reserves133 | €5,949 | €5,949 | €5,949 | €5,949 | €530,000 | ▲ 8,808% |
| Profit (loss) carried forward14 | €778,279 | €783,357 | €777,400 | €775,710 | €35,554 | ▼ 95.4% |
| Provisions and deferred taxes16 | €104,730 | €95,361 | €85,991 | €76,622 | €67,252 | ▼ 12.2% |
| Deferred taxes168 | €104,730 | €95,361 | €85,991 | €76,622 | €67,252 | ▼ 12.2% |
| Amounts payable17/49 | €185,964 | €97,098 | €84,800 | €44,644 | €767,736 | ▲ 1,620% |
| Amounts payable within one year42/48 | €185,964 | €97,098 | €84,800 | €44,644 | €767,736 | ▲ 1,620% |
| Trade debts44 | €4,561 | €4,811 | €5,450 | €11,040 | €11,524 | ▲ 4.4% |
| Suppliers440/4 | €4,561 | €4,811 | €5,450 | €11,040 | €11,524 | ▲ 4.4% |
| Advances received on contracts in progress46 | €1,800 | €2,350 | €4,180 | €6,212 | €6,212 | = |
| Taxes, remuneration and social security45 | €97,000 | €5,000 | - | - | - | - |
| Taxes450/3 | €97,000 | €5,000 | - | - | - | - |
| Other amounts payable47/48 | €82,602 | €84,937 | €75,171 | €27,392 | €750,000 | ▲ 2,638% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,101 | -€23,030 | -€34,065 | -€29,798 | €511,735 | ▲ 1,817% |
| + Depreciation and write-downs630 | €73,089 | €86,922 | €85,230 | €59,003 | €43,396 | ▼ 26.5% |
| Operating cash flow (approximation) | €114,190 | €63,892 | €51,164 | €29,205 | €555,131 | ▲ 1,801% |
| Investment in fixed assets (approximation) | - | €0 | -€1,989 | €0 | €79,197 | - |
| Change in cash | - | -€80,524 | €59,811 | -€183,881 | €589,523 | ▲ 421% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
22-07
State Gazette act
Appointment: Hugo Craps (managing director)Resignation: Aiko Craps (director)3 facts ▸
State Gazette act
Appointment: Hugo Craps (managing director)
Resignation: Aiko Craps (director)3 facts ▸
- General meeting, 27-04-2026
- Director appointment, Hugo Craps (managing director)
- Director resignation, Aiko Craps (director)
2025
31-12
Financial
Back to profitnet €511,735
Net result €511,735 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€34,065
Net result drops to -€34,065, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
31-12
Financial
Back to profitnet €41,101
Net result €41,101 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
Hugo Craps
CurrentManaging director · since 23-05-2023
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Haacht · 1 establishment unit since 1990
Ground area
3,149 m²
Building footprint
182 m²
Volume, LiDAR
391 m³
2 parcels, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Veldonkstraat 122, 3120 Tremelo
since 19902.048.601.297
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033F0609/00A000 | Flanders | 2,433 m² | 1 · 89 m² | 6.4 m |
| 24109C0463/00D002 | Flanders | 716 m² | 1 · 93 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2023, 1 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Hugo Craps |
|
| Aiko Craps |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
222100P4Q5MNL8ICLS28
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 4,075 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
Founded23-05-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440614976
Also
9925:BE0440614976
Registered
29-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.