. MARGRAFF
ActiveSummary
. MARGRAFF has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €174,170 and a net result of €6,512. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 686 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+3
Solvency75▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.35 in 2023; short-term debt: 49.7% and cash: 46.5% of total assets), and 49.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
41 d early
2022
39 d early
2021
30 d early
2020
45 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#3 oldest company in Waimes, Administrative and support services sector#8 company by total assets in Waimes, Administrative and support services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,512
2023 · -€1,454
Working capital
€65,824▲ 47.9%
2023 · €44,515
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
Line20202021202220232024
Operating result€61,419▼ 40.5%€61,290▼ 0.2%€63,672▲ 3.9%€203▼ 99.7%€9,140▲ 4,407%
Net result€39,679▼ 47.2%€38,232▼ 3.6%€41,894▲ 9.6%-€1,454€6,512
Equity€246,782▼ 15.6%€270,131▲ 9.5%€288,516▲ 6.8%€228,096▼ 20.9%€174,170▼ 23.6%
Total assets€381,373▼ 1.6%€331,896▼ 13.0%€412,582▲ 24.3%€354,861▼ 14.0%€346,070▼ 2.5%
Debt€132,800▲ 43.2%€60,870▼ 54.2%€124,066▲ 104%€126,765▲ 2.2%€171,900▲ 35.6%
Working capital€124,144▼ 36.9%€162,397▲ 30.8%€133,560▼ 17.8%€44,515▼ 66.7%€65,824▲ 47.9%
Staff (FTE)4.1▼ 43.8%3.9▼ 4.9%3.8▼ 2.6%4.5▲ 18.4%4.5=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4,407% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €346,070
Fixed assets
€108,346 ▼ 41.0%
Current assets
€237,724 ▲ 38.8%
Equity and liabilities €346,070
Equity
€174,170 ▼ 23.6%
Debt
€171,900 ▲ 35.6%
Debt's share of the balance-sheet total rises from 35.7% to 49.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41,212▼
2023 · €42,971
Cash flow
€38,584▼
2023 · €41,314
Current ratio
1.38▲
2023 · 1.35
Debt to equity
0.99▲
2023 · 0.56
ROE
3.7%▲
2023 · -0.6%
ROA
1.9%▲
2023 · -0.4%
Interest coverage
97.99▲
2023 · 30.39
Debt ≤ 1 year
€171,900▲
2023 · €126,765
Income taxes
€3,312▲
2023 · €892
Staff costs
€219,110▼
2023 · €235,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €164,185 | €180,547 | €235,762 | €219,110 | ▼ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,104 | €22,340 | €29,396 | €42,769 | €32,072 | ▼ 25.0% |
| Other operating charges640/8 | - | €3,743 | €3,601 | €3,361 | €3,655 | ▲ 8.8% |
| Non-recurring operating charges66A | - | - | - | - | €27,293 | - |
| Gross operating margin9900 | €246,972 | €251,557 | €277,216 | €282,094 | €291,271 | ▲ 3.3% |
| Operating profit (loss)9901 | €61,419 | €61,290 | €63,672 | €203 | €9,140 | ▲ 4,407% |
| Financial income75/76B | - | €316 | €287 | €649 | €1,104 | ▲ 70.3% |
| Recurring financial income75 | €275 | €316 | €287 | €649 | €1,104 | ▲ 70.3% |
| Financial charges65/66B | - | €403 | €988 | €1,414 | €421 | ▼ 70.3% |
| Recurring financial charges65 | €801 | €403 | €988 | €1,414 | €421 | ▼ 70.3% |
| Profit (loss) for the period before taxes9903 | €60,893 | €61,202 | €62,971 | -€563 | €9,824 | ▲ 1,846% |
| Transfer from deferred taxes780 | - | €895 | €895 | - | - | - |
| Income taxes67/77 | €22,110 | €23,865 | €21,973 | €892 | €3,312 | ▲ 271% |
| Profit (loss) for the period9904 | €39,679 | €38,232 | €41,894 | -€1,454 | €6,512 | ▲ 548% |
| Transfer from tax-exempt reserves789 | - | €2,686 | €2,686 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €75,505 | €40,919 | €44,580 | -€1,454 | €6,512 | ▲ 548% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381,373 | €331,896 | €412,582 | €354,861 | €346,070 | ▼ 2.5% |
| Fixed assets21/28 | €124,439 | €108,640 | €189,648 | €183,581 | €108,346 | ▼ 41.0% |
| Tangible fixed assets22/27 | €122,324 | €106,525 | €187,533 | €181,466 | €106,231 | ▼ 41.5% |
| Land and buildings22 | - | €78,030 | €72,293 | €62,639 | €50,489 | ▼ 19.4% |
| Plant, machinery and equipment23 | - | €5,294 | €7,526 | €5,064 | €2,601 | ▼ 48.6% |
| Furniture and vehicles24 | - | €23,202 | €107,714 | €113,764 | €53,140 | ▼ 53.3% |
| Other tangible fixed assets26 | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | €2,115 | €2,115 | €2,115 | €2,115 | €2,115 | = |
| Current assets29/58 | €256,934 | €223,256 | €222,934 | €171,280 | €237,724 | ▲ 38.8% |
| Amounts receivable within one year40/41 | €37,795 | €42,607 | €26,061 | €45,982 | €74,526 | ▲ 62.1% |
| Trade receivables40 | - | €33,257 | €16,118 | €20,901 | €52,488 | ▲ 151% |
| Other amounts receivable41 | - | €9,350 | €9,943 | €25,081 | €22,039 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €216,630 | €172,397 | €194,592 | €122,634 | €160,888 | ▲ 31.2% |
| Deferred charges and accrued income490/1 | - | €8,252 | €2,281 | €2,664 | €2,310 | ▼ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381,373 | €331,896 | €412,582 | €354,861 | €346,070 | ▼ 2.5% |
| Equity10/15 | €246,782 | €270,131 | €288,516 | €228,096 | €174,170 | ▼ 23.6% |
| Contributions10/11 | - | €6,507 | €6,507 | €6,507 | €6,507 | = |
| Reserves13 | €238,813 | €262,391 | €281,007 | €222,272 | €167,121 | ▼ 24.8% |
| Tax-exempt reserves132 | - | €2,686 | - | - | - | - |
| Distributable reserves133 | - | €259,705 | €281,007 | €222,272 | €167,121 | ▼ 24.8% |
| Profit (loss) carried forward14 | €617 | - | - | -€1,454 | - | - |
| Investment grants15 | - | €1,232 | €1,002 | €772 | €542 | ▼ 29.8% |
| Provisions and deferred taxes16 | €1,791 | €895 | - | - | - | - |
| Deferred taxes168 | - | €895 | - | - | - | - |
| Amounts payable17/49 | €132,800 | €60,870 | €124,066 | €126,765 | €171,900 | ▲ 35.6% |
| Amounts payable after more than one year17 | - | - | €34,691 | - | - | - |
| Financial debts170/4 | - | - | €34,691 | - | - | - |
| Amounts payable within one year42/48 | €132,789 | €60,860 | €89,374 | €126,765 | €171,900 | ▲ 35.6% |
| Current portion of amounts payable after more than one year42 | - | - | €12,196 | - | - | - |
| Trade debts44 | €15,473 | €10,658 | €16,222 | €6,709 | €2,040 | ▼ 69.6% |
| Suppliers440/4 | - | €10,658 | €16,222 | €6,709 | €2,040 | ▼ 69.6% |
| Taxes, remuneration and social security45 | - | €32,486 | €34,275 | €37,484 | €40,091 | ▲ 7.0% |
| Taxes450/3 | - | €15,471 | €16,025 | €9,964 | €9,273 | ▼ 6.9% |
| Remuneration and social security454/9 | - | €17,015 | €18,250 | €27,520 | €30,818 | ▲ 12.0% |
| Other amounts payable47/48 | - | €17,716 | €26,682 | €82,571 | €129,769 | ▲ 57.2% |
| Accrued charges and deferred income492/3 | - | €11 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,679 | €38,232 | €41,894 | -€1,454 | €6,512 | ▲ 548% |
| + Depreciation and write-downs630 | €24,104 | €22,340 | €29,396 | €42,769 | €32,072 | ▼ 25.0% |
| Operating cash flow (approximation) | €63,783 | €60,573 | €71,290 | €41,314 | €38,584 | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | -€6,541 | -€110,404 | -€36,702 | €43,163 | ▲ 218% |
| Change in cash | - | -€44,233 | €22,195 | -€71,959 | €38,254 | ▲ 153% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €6,512
Net result €6,512 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€1,454
Net result drops to -€1,454, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €75,212 ▲28.1%
Operating result €103,277, net result €75,212, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Waimes · 1 establishment unit since 1991
Ground area
1,354 m²
Building footprint
185 m²
Volume, LiDAR
1,103 m³
Parcel 63080H0120/00F000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bodarwé,Faymonville 3, 4950 Waimes
since 19912.071.887.336
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080H0120/00F000 | Wallonia | 1,354 m² | 1 · 185 m² | 8.0 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.
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Of 6,997 companies in sector 81220 we hold annual accounts for 2,414. 1,890 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.