Summary
MARIGONE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €831,346 and a net result of €176,773. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 5565 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €831,346
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
23 d early
2023
29 d late
2022
29 d late
2021
29 d late
2020
23 d early
2019
39 d early
← 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 5 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€831,346▲ 1.3%
2024 · €821,016
Net result
€176,773▼ 42.2%
2024 · €305,686
Total assets
€2.0m▲ 4.4%
2024 · €1.9m
Solvency
41.6%▼ 1.3pp
2024 · 42.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Operating result€26,445▼ 33.5%€200,564▲ 658%€431,447▲ 115%€452,498▲ 4.9%€273,971▼ 39.5%
Net result€11,686within the sector's middle half▼ 53.9%€129,430above the sector's middle half▲ 1,008%€284,147above the sector's middle half▲ 120%€305,686above the sector's middle half▲ 7.6%€176,773within the sector's middle half▼ 42.2%
Equity€101,753within the sector's middle half▲ 13.0%€231,183within the sector's middle half▲ 127%€515,330above the sector's middle half▲ 123%€821,016within the sector's middle half▲ 59.3%€831,346within the sector's middle half▲ 1.3%
Total assets€1.6mabove the sector's middle half▲ 333%€1.5mabove the sector's middle half▼ 2.3%€1.7mabove the sector's middle half▲ 13.8%€1.9mwithin the sector's middle half▲ 10.1%€2.0mwithin the sector's middle half▲ 4.4%
Debt€1.5m▲ 440%€1.3m▼ 11.3%€1.2m▼ 5.6%€1.1m▼ 10.6%€1.2m▲ 6.8%
Working capital-€260,266-€187,678▲ 27.9%€10,238€273,478▲ 2,571%€261,707▼ 4.3%
Solvency6.5%below the sector's middle half▼ 18.5pp15.1%below the sector's middle half▲ 8.6pp29.6%within the sector's middle half▲ 14.5pp42.9%within the sector's middle half▲ 13.3pp41.6%within the sector's middle half▼ 1.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.4m ▼ 5.3%
Current assets
€634,350 ▲ 33.9%
Equity and liabilities €2.0m
Equity
€831,346 ▲ 1.3%
Debt
€1.2m ▲ 6.8%
Debt's share of the balance-sheet total rises from 57.1% to 58.4%. Equity and debt are higher.
Key figures and ratios
ROE
21.3%▼
2024 · 37.2%
ROA
8.8%▼
2024 · 16.0%
Debt ≤ 1 year
€372,643▲
2024 · €200,339
Debt > 1 year
€790,817▼
2024 · €893,418
Income taxes
€81,922▼
2024 · €137,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €145,242 | €38,383 | €46,787 | €68,624 | €64,176 | ▼ 6.5% |
| Other operating charges640/8 | €5,487 | €17,093 | €30,113 | €18,630 | €19,595 | ▲ 5.2% |
| Non-recurring operating charges66A | €0 | - | - | - | €2,269 | - |
| Gross operating margin9900 | €177,174 | €256,040 | €508,347 | €539,752 | €360,011 | ▼ 33.3% |
| Operating profit (loss)9901 | €26,445 | €200,564 | €431,447 | €452,498 | €273,971 | ▼ 39.5% |
| Financial income75/76B | €5 | €24 | €121 | €1,087 | €0 | ▼ 100.0% |
| Recurring financial income75 | €5 | €24 | €121 | €1,087 | €0 | ▼ 100.0% |
| Financial charges65/66B | €7,340 | €15,896 | €15,989 | €10,285 | €15,276 | ▲ 48.5% |
| Recurring financial charges65 | €7,340 | €15,896 | €15,989 | €10,285 | €15,276 | ▲ 48.5% |
| Profit (loss) for the period before taxes9903 | €19,110 | €184,692 | €415,579 | €443,301 | €258,695 | ▼ 41.6% |
| Income taxes67/77 | €7,425 | €55,262 | €131,432 | €137,614 | €81,922 | ▼ 40.5% |
| Profit (loss) for the period9904 | €11,686 | €129,430 | €284,147 | €305,686 | €176,773 | ▼ 42.2% |
| Profit (loss) for the period to be appropriated9905 | €11,686 | €129,430 | €284,147 | €305,686 | €176,773 | ▼ 42.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.7m | €1.9m | €2.0m | ▲ 4.4% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.5m | €1.4m | €1.4m | ▼ 5.3% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 5.7% |
| Land and buildings22 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 2.8% |
| Plant, machinery and equipment23 | €1,464 | €1,360 | €1,255 | €1,150 | €0 | ▼ 100% |
| Furniture and vehicles24 | €6,342 | €28,675 | €161,916 | €126,853 | €85,126 | ▼ 32.9% |
| Other tangible fixed assets26 | €1,796 | €1,597 | €3,178 | €2,783 | €2,387 | ▼ 14.2% |
| Financial fixed assets28 | €110,113 | €110,113 | €110,113 | €110,113 | €110,113 | = |
| Current assets29/58 | €144,274 | €120,042 | €229,761 | €473,817 | €634,350 | ▲ 33.9% |
| Amounts receivable within one year40/41 | €55,197 | €33,127 | €137,525 | €422,183 | €563,735 | ▲ 33.5% |
| Trade receivables40 | €20,611 | €32,825 | €83,145 | €30,250 | €80,000 | ▲ 164% |
| Other amounts receivable41 | €34,586 | €301 | €54,380 | €391,933 | €483,735 | ▲ 23.4% |
| Cash at bank and in hand54/58 | €49,849 | €52,481 | €61,879 | €22,964 | €13,008 | ▼ 43.4% |
| Deferred charges and accrued income490/1 | €39,228 | €34,435 | €30,357 | €28,670 | €57,606 | ▲ 101% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.7m | €1.9m | €2.0m | ▲ 4.4% |
| Equity10/15 | €101,753 | €231,183 | €515,330 | €821,016 | €831,346 | ▲ 1.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €83,153 | €212,583 | €496,730 | €802,416 | €812,746 | ▲ 1.3% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €81,293 | €212,583 | €496,730 | €802,416 | €812,746 | ▲ 1.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | - |
| Amounts payable17/49 | €1.5m | €1.3m | €1.2m | €1.1m | €1.2m | ▲ 6.8% |
| Amounts payable after more than one year17 | €1.1m | €989,061 | €1.0m | €893,418 | €790,817 | ▼ 11.5% |
| Financial debts170/4 | €1.1m | €972,561 | €987,988 | €876,918 | €774,317 | ▼ 11.7% |
| Other amounts payable178/9 | - | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Amounts payable within one year42/48 | €404,540 | €307,720 | €219,523 | €200,339 | €372,643 | ▲ 86.0% |
| Current portion of amounts payable after more than one year42 | €73,066 | €84,373 | €109,570 | €111,071 | €102,601 | ▼ 7.6% |
| Financial debts43 | €1,500 | €0 | €33,715 | €40,541 | €23,585 | ▼ 41.8% |
| Credit institutions430/8 | €1,500 | €0 | €33,715 | €40,541 | €23,585 | ▼ 41.8% |
| Trade debts44 | €2,819 | €1,040 | €41,322 | €738 | €30,971 | ▲ 4,097% |
| Suppliers440/4 | €2,819 | €1,040 | €41,322 | €738 | €30,971 | ▲ 4,097% |
| Taxes, remuneration and social security45 | €12,254 | €28,227 | €34,915 | €35,519 | €29,443 | ▼ 17.1% |
| Taxes450/3 | €12,254 | €28,227 | €34,915 | €35,519 | €29,443 | ▼ 17.1% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €314,901 | €194,080 | €0 | €12,471 | €186,044 | ▲ 1,392% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,168 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,686 | €129,430 | €284,147 | €305,686 | €176,773 | ▼ 42.2% |
| + Depreciation and write-downs630 | €145,242 | €38,383 | €46,787 | €68,624 | €64,176 | ▼ 6.5% |
| Operating cash flow (approximation) | €156,928 | €167,813 | €330,934 | €374,310 | €240,949 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | -€27,352 | -€148,445 | €0 | €12,157 | - |
| Change in cash | - | €2,632 | €9,399 | -€38,915 | -€9,956 | ▲ 74.4% |
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 · abbreviated schema · 31 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €305,686 ▲7.6%
Operating result €452,498, net result €305,686, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.05 to 2.37; short-term debt falls from €219,523 to €200,339.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 1.05
Current ratio from 0.39 to 1.05; short-term debt falls from €307,720 to €219,523.
31-12
Financial
Equity above €500,000Eq €515,330 ▲123%
6 profitable years in a row build equity to €515,330.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €200,000Eq €231,183 ▲127%
5 profitable years in a row build equity to €231,183.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €11,686 ▼53.9%
Net result drops to €11,686, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €101,753 ▲13%
4 profitable years in a row build equity to €101,753.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €202,339 ▲64.1%
2 profitable years in a row build equity to €202,339.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 35 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Roeselare · 1 establishment unit since 2014
Ground area
534 m²
Building footprint
177 m²
Parcel 36015A0986/00C007, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MARIGONE
since 20142.226.056.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0986/00C007 | Flanders | 534 m² | 1 · 177 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.
Structure & network
Owners and holdings
2 owners · 2 holdingsOwners 2
- Bulqiza Bërdynajnatural personSourceown accounts 2025share not stated
- Muhamet Heteminatural personSourceown accounts 2025share not stated
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of MARIGONE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
DE BAUW
BE 0759.946.203
Asse · Eq €831,135
FINAXO
BE 0860.454.336
Wavre · Eq €831,071
LECOMTE STIJN
BE 0628.495.563
Nieuwpoort · Eq €830,700
Riopro
BE 0631.957.176
Berlare · Eq €832,048
BCentric
BE 0673.991.929
Houthulst · Eq €832,238
Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,088 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
Founded17-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
marigone.bvba@gmail.comRoeselare
Phone
0471 / 460 912Roeselare
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544745862
Also
9925:BE0544745862
Registered
08-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.