Mark-Up
ActiveSummary
Mark-Up has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,711) and a net result of €786. Equity is shrinking by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-12
Solvency24=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.68 in 2024; short-term debt: 14.1% of total assets), and equity is negative.
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Signals
Six 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
0.3%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3505 sector peers (2025).
NBB · sector comparisonPosition among 3505 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
12 d early
2021
1 d early
2020
22 d early
2019
4 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€82,150
EBIT margin
1.9%
Net result
€786
2024 · -€5,811
Working capital
-€9,724▲ 25.0%
2024 · -€12,963
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
Line20212022202320242025
Turnover€82,150
Operating result€5,174▲ 107%€2,229▼ 56.9%€6,951▲ 212%€1,555▼ 77.6%€11,101▲ 614%
Net result-€42-€5,597▼ 13,260%-€1,284▲ 77.1%-€5,811▼ 353%€786
EBIT margin1.9%
Equity€10,194▼ 0.4%€4,597▼ 54.9%€3,314▼ 27.9%-€2,497-€1,711▲ 31.5%
Total assets€343,103▲ 799%€324,638▼ 5.4%€321,147▼ 1.1%€293,764▼ 8.5%€274,885▼ 6.4%
Debt€332,909▲ 1,093%€320,040▼ 3.9%€317,833▼ 0.7%€296,261▼ 6.8%€276,596▼ 6.6%
Working capital-€16,531▼ 366%-€11,654▲ 29.5%-€6,470▲ 44.5%-€12,963▼ 100%-€9,724▲ 25.0%
Staff (FTE)1.11.9▲ 72.7%0▼ 100%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 614% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274,885
Fixed assets
€245,814 ▼ 7.7%
Current assets
€29,071 ▲ 5.8%
Key figures and ratios
EBITDA
€31,586▲
2024 · €22,242
Cash flow
€21,271▲
2024 · €14,876
Solvency
-0.6%▲
2024 · -0.8%
Current ratio
0.75▲
2024 · 0.68
ROA
0.3%▲
2024 · -2.0%
Interest coverage
3.40▲
2024 · 2.72
Debt ≤ 1 year
€38,795▼
2024 · €40,428
Debt > 1 year
€236,850▼
2024 · €255,833
Income taxes
€1,874▲
2024 · €146
A ratio outside any meaningful range has been withheld (balance sheet total €274,885, equity -€1,711).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
5.9%
went bankrupt
3.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 908 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €82,150 | - | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €79,829 | - | - |
| Remuneration, social security and pensions62 | €2,465 | €4,302 | €943 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,440 | €19,383 | €20,407 | €20,686 | €20,485 | ▼ 1.0% |
| Other operating charges640/8 | €1,912 | €2,768 | €3,364 | €4,610 | €3,737 | ▼ 18.9% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €15,991 | €28,681 | €31,666 | €26,851 | €35,323 | ▲ 31.6% |
| Operating profit (loss)9901 | €5,174 | €2,229 | €6,951 | €1,555 | €11,101 | ▲ 614% |
| Financial income75/76B | €383 | €618 | €1,566 | €960 | €848 | ▼ 11.7% |
| Recurring financial income75 | €383 | €618 | €1,566 | €960 | €848 | ▼ 11.7% |
| Financial charges65/66B | €4,086 | €8,324 | €8,880 | €8,180 | €9,289 | ▲ 13.6% |
| Recurring financial charges65 | €2,984 | €8,324 | €8,880 | €8,180 | €9,289 | ▲ 13.6% |
| Non-recurring financial charges66B | €1,102 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,470 | -€5,478 | -€362 | -€5,664 | €2,660 | ▲ 147% |
| Income taxes67/77 | €1,512 | €119 | €921 | €146 | €1,874 | ▲ 1,179% |
| Profit (loss) for the period9904 | -€42 | -€5,597 | -€1,284 | -€5,811 | €786 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | -€42 | -€5,597 | -€1,284 | -€5,811 | €786 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343,103 | €324,638 | €321,147 | €293,764 | €274,885 | ▼ 6.4% |
| Fixed assets21/28 | €326,798 | €300,646 | €284,391 | €266,299 | €245,814 | ▼ 7.7% |
| Tangible fixed assets22/27 | €314,835 | €300,283 | €284,028 | €265,936 | €245,451 | ▼ 7.7% |
| Land and buildings22 | €313,486 | €295,805 | €280,745 | €263,849 | €244,357 | ▼ 7.4% |
| Furniture and vehicles24 | - | €4,478 | €3,282 | €2,087 | €1,095 | ▼ 47.5% |
| Other tangible fixed assets26 | €1,349 | €0 | - | - | - | - |
| Financial fixed assets28 | €11,963 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €16,305 | €23,992 | €36,756 | €27,465 | €29,071 | ▲ 5.8% |
| Amounts receivable after more than one year29 | - | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Trade receivables290 | - | €11,600 | €11,600 | €11,600 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | €11,600 | - |
| Stocks and contracts in progress3 | - | €6,666 | €11,868 | €11,944 | €0 | ▼ 100% |
| Contracts in progress37 | - | €6,666 | €11,868 | €11,944 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €16,101 | €5,167 | €12,606 | €3,156 | €16,405 | ▲ 420% |
| Trade receivables40 | €15,554 | €3,453 | €12,061 | €2,871 | €16,359 | ▲ 470% |
| Other amounts receivable41 | €547 | €1,714 | €545 | €285 | €46 | ▼ 83.9% |
| Deferred charges and accrued income490/1 | €204 | €559 | €682 | €766 | €1,067 | ▲ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343,103 | €324,638 | €321,147 | €293,764 | €274,885 | ▼ 6.4% |
| Equity10/15 | €10,194 | €4,597 | €3,314 | -€2,497 | -€1,711 | ▲ 31.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €2,139 | -€3,458 | -€4,741 | -€10,552 | -€9,766 | ▲ 7.5% |
| Amounts payable17/49 | €332,909 | €320,040 | €317,833 | €296,261 | €276,596 | ▼ 6.6% |
| Amounts payable after more than one year17 | €298,822 | €283,044 | €274,357 | €255,833 | €236,850 | ▼ 7.4% |
| Financial debts170/4 | €298,822 | €283,044 | €274,357 | €255,833 | €236,850 | ▼ 7.4% |
| Amounts payable within one year42/48 | €32,837 | €35,646 | €43,225 | €40,428 | €38,795 | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | €15,920 | €15,778 | €18,060 | €18,686 | €19,339 | ▲ 3.5% |
| Financial debts43 | €4,015 | €5,249 | €4,894 | €5,787 | €3,476 | ▼ 39.9% |
| Credit institutions430/8 | €4,015 | €5,249 | €4,894 | €5,787 | €3,476 | ▼ 39.9% |
| Trade debts44 | €2,465 | €2,290 | €4,452 | €3,582 | €7,054 | ▲ 96.9% |
| Suppliers440/4 | €2,465 | €2,290 | €4,452 | €3,582 | €7,054 | ▲ 96.9% |
| Advances received on contracts in progress46 | €1,815 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €6,464 | €8,271 | €12,260 | €5,706 | €8,776 | ▲ 53.8% |
| Taxes450/3 | €6,279 | €7,034 | €10,293 | €5,706 | €8,776 | ▲ 53.8% |
| Remuneration and social security454/9 | €184 | €1,237 | €1,967 | €0 | - | - |
| Other amounts payable47/48 | €2,159 | €4,058 | €3,560 | €6,667 | €150 | ▼ 97.7% |
| Accrued charges and deferred income492/3 | €1,250 | €1,350 | €250 | €0 | €951 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42 | -€5,597 | -€1,284 | -€5,811 | €786 | ▲ 114% |
| + Depreciation and write-downs630 | €6,440 | €19,383 | €20,407 | €20,686 | €20,485 | ▼ 1.0% |
| Operating cash flow (approximation) | €6,398 | €13,786 | €19,123 | €14,876 | €21,271 | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | €6,769 | -€4,152 | -€2,594 | €0 | ▲ 100% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €786
Net result €786 after 4 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€5,811
Net result drops to -€5,811, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 2 establishment units since 2018
Ground area
519 m²
Building footprint
585 m²
Volume, LiDAR
4,708 m³
2 parcels, Flanders · tallest building 21.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Mark-Up
since 20182.275.022.657
Velvet
since 20262.387.021.530
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2537/00K005 ProtectedMonument · Townscape or village viewNeoclassicistisch huizenblok: burgerhuis (gevel en dak)Source ↗ |
Flanders | 383 m² | 1 · 358 m² | 21.5 m · 2 fl. |
| 44805E1330/00C000 | Flanders | 136 m² | 1 · 227 m² | 10.2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.275.022.657
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AS DEV STACK
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MONS LETTRAGE
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ARTHOUSE MEDIA
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Of 6,288 companies in sector 74120 we hold annual accounts for 1,011. 420 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
Founded06-04-2018
Fiscal year end30-09
Activities, NACEBEL 2025
74120Graphic design and visual communication
62200Computer consultancy and computer facilities management
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694528116
Also
9925:BE0694528116
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.