MARGUI
ActiveSummary
MARGUI has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €275k and a net result of €221k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 120 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability95▲+8
Solvency51▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.88 in 2025; short-term debt: 19.6% and cash: 16.4% of total assets), and 74.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2026Solvency, return and age of the figures
Solvency
25.7%
Return on assets
20.7%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 06-05-2026, 178 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2026
178 d early
2025
52 d early
2024
6 d early
2023
133 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€275k▼ 9.1%
2025 · €302k
2023: €187klowest in 4 years
2024: €311k▲ +66.9% vs 2023highest in 4 years
2025: €302k▼ -2.9% vs 2024
2026: €275k▼ -9.1% vs 2025
2023 → 2026
Total assets
€1.07M▼ 13.5%
2025 · €1.23M
2023: €383klowest in 4 years
2024: €544k▲ +42.0% vs 2023
2025: €1.23M▲ +127% vs 2024highest in 4 years
2026: €1.07M▼ -13.5% vs 2025
2023 → 2026
Net result
€221k▲ 24.0%
2025 · €179k
2023: €177k
2024: €125k▼ -29.3% vs 2023lowest in 4 years
2025: €179k▲ +43.1% vs 2024
2026: €221k▲ +24.0% vs 2025highest in 4 years
2023 → 2026
Working capital
€-17k▲ 57.1%
2025 · €-39k
2023: €177k
2024: €182k▲ +2.7% vs 2023highest in 4 years
2025: €-39k▼ -121% vs 2024lowest in 4 years
2026: €-17k▲ +57.1% vs 2025
2023 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2023202420252026Trend
Equity€187k-€311k▲ 66.9%€302k▼ 2.9%€275k▼ 9.1%
2023: €187klowest in 4 years
2024: €311k▲ +66.9% vs 2023highest in 4 years
2025: €302k▼ -2.9% vs 2024
2026: €275k▼ -9.1% vs 2025
Operating result€254k-€161k▼ 36.5%€253k▲ 57.0%€314k▲ 24.2%
2023: €254k
2024: €161k▼ -36.5% vs 2023lowest in 4 years
2025: €253k▲ +57.0% vs 2024
2026: €314k▲ +24.2% vs 2025highest in 4 years
Net result€177k-€125k▼ 29.3%€179k▲ 43.1%€221k▲ 24.0%
2023: €177k
2024: €125k▼ -29.3% vs 2023lowest in 4 years
2025: €179k▲ +43.1% vs 2024
2026: €221k▲ +24.0% vs 2025highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 24% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.07M
Fixed assets
€875k ▼ 8.3%
Current assets
€193k ▼ 31.1%
Equity and liabilities €1.07M
Equity
€275k ▼ 9.1%
Debt
€794k ▼ 14.9%
Debt's share of the balance-sheet total falls from 75.5% to 74.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€424k▲
2025 · €348k
Cash flow
€331k▲
2025 · €274k
Current ratio
0.92▲
2025 · 0.88
Debt to equity
2.89▼
2025 · 3.08
ROE
80.6%▲
2025 · 59.1%
ROA
20.7%▲
2025 · 14.5%
Interest coverage
16.63▼
2025 · 20.12
Debt ≤ 1 year
€210k▼
2025 · €319k
Debt > 1 year
€582k▼
2025 · €612k
Income taxes
€68k▲
2025 · €58k
Staff costs
€452▼
2025 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 48 lines
Balance sheet
Code20252026
Assets
Total assets20/58€1.23M€1.07M▼
Fixed assets21/28€954k€875k▼
Tangible fixed assets22/27€954k€875k▼
Land and buildings22€859k€808k▼
Furniture and vehicles24€95k€67k▼
Financial fixed assets28€205€205=
Current assets29/58€280k€193k▼
Amounts receivable within one year40/41€43k€13k▼
Trade receivables40€42k€940▼
Other amounts receivable41€174€12k▲
Cash at bank and in hand54/58€233k€176k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.07M▼
Equity10/15€302k€275k▼
Contributions10/11€10k€10k=
Reserves13€290k€260k▼
Distributable reserves133€290k€260k▼
Profit (loss) carried forward14€2k€5k▲
Amounts payable17/49€932k€794k▼
Amounts payable after more than one year17€612k€582k▼
Financial debts170/4€610k€578k▼
Other amounts payable178/9€3k€4k▲
Amounts payable within one year42/48€319k€210k▼
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€178€6k▲
Suppliers440/4€178€6k▲
Taxes, remuneration and social security45€80k€22k▼
Taxes450/3€80k€22k▼
Other amounts payable47/48€208k€150k▼
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20252026
Remuneration, social security and pensions62€7k€452▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€109k▲
Other operating charges640/8€7k€14k▲
Gross operating margin9900€363k€438k▲
Operating profit (loss)9901€253k€314k▲
Financial income75/76B€831€761▼
Recurring financial income75€831€761▼
Financial charges65/66B€17k€25k▲
Recurring financial charges65€17k€25k▲
Profit (loss) for the period before taxes9903€237k€290k▲
Income taxes67/77€58k€68k▲
Profit (loss) for the period9904€179k€221k▲
Profit (loss) for the period to be appropriated9905€179k€221k▲
Appropriation of the result
Profit (loss) to be appropriated9906€185k€224k▲
Profit (loss) brought forward from the previous period14P€6k€2k▼
Transfer from equity791/2€5k€30k▲
Profit to be distributed694/7€188k€249k▲
Return on contributions (dividend)694€188k€249k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20k | €7k | €452 | ▼ 93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €33k | €95k | €109k | ▲ 14.7% |
| Other operating charges640/8 | €5k | €9k | €7k | €14k | ▲ 94.4% |
| Non-recurring operating charges66A | - | €10k | - | - | - |
| Gross operating margin9900 | €264k | €233k | €363k | €438k | ▲ 20.8% |
| Operating profit (loss)9901 | €254k | €161k | €253k | €314k | ▲ 24.2% |
| Financial income75/76B | - | €412 | €831 | €761 | ▼ 8.4% |
| Recurring financial income75 | - | €412 | €831 | €761 | ▼ 8.4% |
| Financial charges65/66B | €2k | €7k | €17k | €25k | ▲ 47.1% |
| Recurring financial charges65 | €2k | €7k | €17k | €25k | ▲ 47.1% |
| Profit (loss) for the period before taxes9903 | €252k | €155k | €237k | €290k | ▲ 22.4% |
| Income taxes67/77 | €75k | €30k | €58k | €68k | ▲ 17.5% |
| Profit (loss) for the period9904 | €177k | €125k | €179k | €221k | ▲ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €177k | €125k | €179k | €221k | ▲ 24.0% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €383k | €544k | €1.23M | €1.07M | ▼ 13.5% |
| Formation expenses20 | €199 | - | - | - | - |
| Fixed assets21/28 | €11k | €279k | €954k | €875k | ▼ 8.3% |
| Tangible fixed assets22/27 | €11k | €279k | €954k | €875k | ▼ 8.3% |
| Land and buildings22 | - | €209k | €859k | €808k | ▼ 6.0% |
| Furniture and vehicles24 | €11k | €69k | €95k | €67k | ▼ 29.2% |
| Financial fixed assets28 | - | €205 | €205 | €205 | = |
| Current assets29/58 | €372k | €265k | €280k | €193k | ▼ 31.1% |
| Amounts receivable within one year40/41 | €40k | €36k | €43k | €13k | ▼ 70.1% |
| Trade receivables40 | €40k | €36k | €42k | €940 | ▼ 97.8% |
| Other amounts receivable41 | - | - | €174 | €12k | ▲ 6,689% |
| Cash at bank and in hand54/58 | €332k | €227k | €233k | €176k | ▼ 24.7% |
| Deferred charges and accrued income490/1 | - | €2k | €5k | €5k | ▲ 3.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €383k | €544k | €1.23M | €1.07M | ▼ 13.5% |
| Equity10/15 | €187k | €311k | €302k | €275k | ▼ 9.1% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Reserves13 | €170k | €295k | €290k | €260k | ▼ 10.3% |
| Distributable reserves133 | €170k | €295k | €290k | €260k | ▼ 10.3% |
| Profit (loss) carried forward14 | €7k | €6k | €2k | €5k | ▲ 105% |
| Amounts payable17/49 | €197k | €233k | €932k | €794k | ▼ 14.9% |
| Amounts payable after more than one year17 | - | €147k | €612k | €582k | ▼ 4.9% |
| Financial debts170/4 | - | €147k | €610k | €578k | ▼ 5.2% |
| Other amounts payable178/9 | - | - | €3k | €4k | ▲ 68.0% |
| Amounts payable within one year42/48 | €195k | €83k | €319k | €210k | ▼ 34.2% |
| Current portion of amounts payable after more than one year42 | - | €5k | €31k | €32k | ▲ 4.0% |
| Trade debts44 | €587 | €3k | €178 | €6k | ▲ 3,172% |
| Suppliers440/4 | €587 | €3k | €178 | €6k | ▲ 3,172% |
| Taxes, remuneration and social security45 | €94k | €53k | €80k | €22k | ▼ 72.9% |
| Taxes450/3 | €94k | €51k | €80k | €22k | ▼ 72.9% |
| Remuneration and social security454/9 | - | €2k | - | - | - |
| Other amounts payable47/48 | €100k | €22k | €208k | €150k | ▼ 27.7% |
| Accrued charges and deferred income492/3 | €2k | €3k | €1k | €2k | ▲ 85.2% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €177k | €125k | €179k | €221k | ▲ 24.0% |
| + Depreciation and write-downs630 | €5k | €33k | €95k | €109k | ▲ 14.7% |
| Operating cash flow (approximation) | €181k | €158k | €274k | €331k | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | €-301k | €-770k | €-30k | ▲ 96.1% |
| Change in cash | - | €-104k | €6k | €-57k | ▼ 1,090% |
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 2027, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2023net €221k ▲24%
Operating result €314k, net result €221k, both a record.
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €125k ▼29.3%
Net result drops to €125k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €200kEq €311k ▲66.9%
2 profitable years in a row build equity to €311k.
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 2022
Ground area
2,026 m²
Building footprint
115 m²
Volume, LiDAR
806 m³
Parcel 92043E0317/00G003, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARGUI
since 20222.331.962.944
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92043E0317/00G003 | Wallonia | 2,026 m² | 1 · 115 m² | 8.4 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 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,764 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
Founded02-06-2022
Fiscal year end31-03
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.