MARICHAL
ActiveMARICHAL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €727k and a net result of €85k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 9107 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+30
Solvency99▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.77 in 2024), and 36.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
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
63.2%
Return on assets
7.3%
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 20-08-2026, 20 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
20 d late
2024
29 d late
2023
58 d late
2022
59 d late
2021
31 d late
2020
24 d early
2019
67 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€727k▲ 13.0%
2024 · €643k
2018: €464k
2019: €565k
2020: €588k
2021: €616k
2022: €638k
2023: €722k
2024: €643k
2018 → 2025
Total assets
€1.15M▲ 1.2%
2024 · €1.14M
2018: €1.54M
2019: €1.15M
2020: €1.11M
2021: €1.11M
2022: €1.10M
2023: €1.20M
2024: €1.14M
2018 → 2025
Net result
€85k▲ 131%
2024 · €37k
2018: €22k
2019: €102k
2020: €24k
2021: €29k
2022: €23k
2023: €84k
2024: €37k
2018 → 2025
Working capital
€247k▲ 54.1%
2024 · €160k
2018: €-7k
2019: €149k
2020: €186k
2021: €245k
2022: €234k
2023: €264k
2024: €160k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€616k-€638k▲ 3.7%€722k▲ 13.1%€643k▼ 10.9%€727k▲ 13.0%
Operating result€48k-€37k▼ 22.1%€125k▲ 234%€60k▼ 51.9%€129k▲ 115%
Net result€29k-€23k▼ 19.2%€84k▲ 262%€37k▼ 56.7%€85k▲ 131%
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 recovers in 2025; 2025 is 115% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€655k▼ 14.8%
Current assets
€496k▲ 34.6%
Equity and liabilities €1.15M
Equity
€727k▲ 13.0%
Provisions
€85▼ 50.0%
Debt
€424k▼ 14.2%
The debt ratio falls from 43.4% to 36.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€240k▲
2024 · €176k
Cash flow
€195k▲
2024 · €152k
Solvency
63.2%▲
2024 · 56.6%
Current ratio
1.99▲
2024 · 1.77
Quick ratio
1.99▲
2024 · 1.77
Debt / equity
0.58▼
2024 · 0.77
ROE
11.6%▲
2024 · 5.7%
ROA
7.3%▲
2024 · 3.2%
Interest coverage
22.68▲
2024 · 14.68
Debt
€424k▼
2024 · €494k
Debt ≤ 1 year
€249k▲
2024 · €208k
Debt > 1 year
€175k▼
2024 · €286k
Income taxes
€35k▲
2024 · €13k
Staff costs
€60k▼
2024 · €73k
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€1.14M€1.15M▲
Fixed assets21/28€769k€655k▼
Tangible fixed assets22/27€732k€618k▼
Land and buildings22€464k€413k▼
Plant, machinery and equipment23€218k€182k▼
Furniture and vehicles24€49k€23k▼
Financial fixed assets28€37k€37k=
Current assets29/58€369k€496k▲
Amounts receivable within one year40/41€313k€377k▲
Trade receivables40€305k€341k▲
Other amounts receivable41€8k€36k▲
Cash at bank and in hand54/58€49k€112k▲
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.15M▲
Equity10/15€643k€727k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€541k€625k▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€510€255▼
Distributable reserves133€530k€615k▲
Investment grants15€2k€2k▼
Provisions and deferred taxes16€170€85▼
Deferred taxes168€170€85▼
Amounts payable17/49€494k€424k▼
Amounts payable after more than one year17€286k€175k▼
Financial debts170/4€286k€175k▼
Amounts payable within one year42/48€208k€249k▲
Current portion of amounts payable after more than one year42€108k€111k▲
Trade debts44€40k€25k▼
Suppliers440/4€40k€25k▼
Advances received on contracts in progress46-€55k
Taxes, remuneration and social security45€39k€37k▼
Taxes450/3€27k€29k▲
Remuneration and social security454/9€12k€8k▼
Other amounts payable47/48€21k€21k=
Accrued charges and deferred income492/3-€66
Income statement
Code20242025
Remuneration, social security and pensions62€73k€60k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€116k€111k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A-€25k
Gross operating margin9900€255k€331k▲
Operating profit (loss)9901€60k€129k▲
Financial income75/76B€832€1k▲
Recurring financial income75€832€1k▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€49k€120k▲
Transfer from deferred taxes780€85€85=
Income taxes67/77€13k€35k▲
Profit (loss) for the period9904€37k€85k▲
Transfer from tax-exempt reserves789€255€255=
Profit (loss) for the period to be appropriated9905€37k€85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€85k▲
Transfer from equity791/2€114k-
Transfer to equity691/2€37k€85k▲
To other reserves6921€37k€85k▲
Profit to be distributed694/7€114k-
Return on contributions (dividend)694€114k-
The notes to these accounts (12 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Highest result since 2018net €102k ▲369%
Net result €102k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.34
Current ratio from 0.99 to 2.34; short-term debt falls from €723k to €112k.
31-12
Financial
Equity above €500kEq €565k ▲21.9%
2 profitable years in a row build equity to €565k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 1989
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.
Rue d'Eupen 164950 WaimesGround area
433 m²
Building footprint
65 m²
Volume, LiDAR
504 m³
Parcel 63080F0221/00S002, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MARICHAL SPRL
since 19892.041.733.105
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080F0221/00S002 | Wallonia | 433 m² | 1 · 65 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
SLHIMO
BE 0817.454.533
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NELLY IMMO
BE 1013.059.882
Sint-Jans-Molenbeek · Eq €727k
HEZE-BUILDING
BE 0458.124.763
Laakdal · Eq €728k
ARBIMO
BE 0749.436.153
Mons · Eq €725k
URBANO A10
BE 0431.623.967
Oostende · Eq €729k
Of 12,012 companies in sector 68203 we hold annual accounts for 5,979. 4,288 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1988
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70203
70220Business consulting
71340
71404
74142
77223Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.