MARKA
ActiveSummary
MARKA has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,746 and a net result of €10,611. Equity has been growing by about 7.1% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-06-1987 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.029.706.291 2323 Hoogstraten, since 06-08-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
- Houtzagerij Van Erck NVDirector · since 15-06-2019
- Van Erck PaulDirector · since 15-06-2019
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €13,376
- ▲ 12.4%
- Turnover
- ≈ €90,000
- estimated
- Profit
- €10,611
- ▲ 12.9%
- Equity
- €125,746
- ▲ 9.2%
- Total assets
- €126,954
- ▲ 9.1%
Score breakdownraises riskLiquidity: current ratio 63.18, cash €45lowers riskSize: total assets €126,954Founded in 1987Equity €125,746 (99.0% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 38% on liquidity, 39% on profitability and 67% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 9 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 38 filings
Every figure per financial year
The operating result for 2025 is 12% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €5,684 | €5,785 | €953 | €524 | €607 | ▲ 16.0% |
| Gross operating margin9900 | €11,712 | €12,112 | €12,599 | €11,966 | €11,361 | €10,449 | €11,904 | €13,376 | ▲ 12.4% |
| Operating profit (loss)9901 | €6,523 | €6,778 | €6,955 | €6,283 | €5,577 | €9,497 | €11,381 | €12,768 | ▲ 12.2% |
| Financial income75/76B | - | - | - | €843 | €896 | €1,014 | €1,204 | €1,405 | ▲ 16.7% |
| Recurring financial income75 | €1,224 | €1,501 | €740 | €843 | €896 | €1,014 | €1,204 | €1,405 | ▲ 16.7% |
| Financial charges65/66B | - | - | - | €0 | - | - | - | €7 | - |
| Recurring financial charges65 | €15 | €20 | €3 | €0 | - | - | - | €7 | - |
| Profit (loss) for the period before taxes9903 | €7,732 | €8,259 | €7,692 | €7,126 | €6,472 | €10,511 | €12,585 | €14,166 | ▲ 12.6% |
| Income taxes67/77 | €2,305 | €2,549 | €2,035 | €1,897 | €1,533 | €2,628 | €3,189 | €3,556 | ▲ 11.5% |
| Profit (loss) for the period9904 | €5,427 | €5,710 | €5,657 | €5,229 | €4,939 | €7,883 | €9,395 | €10,611 | ▲ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €5,427 | €5,710 | €5,657 | €5,229 | €4,939 | €7,883 | €9,395 | €10,611 | ▲ 12.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €78,961 | €84,968 | €92,411 | €94,965 | €97,857 | €106,952 | €116,324 | €126,954 | ▲ 9.1% |
| Fixed assets21/28 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | = |
| Tangible fixed assets22/27 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | = |
| Land and buildings22 | - | - | - | €50,641 | €50,641 | €50,641 | €50,641 | €50,641 | = |
| Current assets29/58 | €28,320 | €34,327 | €41,770 | €44,324 | €47,216 | €56,311 | €65,683 | €76,313 | ▲ 16.2% |
| Amounts receivable within one year40/41 | €28,302 | €34,279 | €41,725 | €44,280 | €47,171 | €56,266 | €65,639 | €76,268 | ▲ 16.2% |
| Other amounts receivable41 | - | - | - | €44,280 | €47,171 | €56,266 | €65,639 | €76,268 | ▲ 16.2% |
| Cash at bank and in hand54/58 | €18 | €48 | €45 | €45 | €45 | €45 | €45 | €45 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €78,961 | €84,968 | €92,411 | €94,965 | €97,857 | €106,952 | €116,324 | €126,954 | ▲ 9.1% |
| Equity10/15 | €76,322 | €82,032 | €87,689 | €92,918 | €97,857 | €105,740 | €115,135 | €125,746 | ▲ 9.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €3,098 | €3,098 | €25,689 | €30,918 | €35,857 | €43,740 | €53,135 | €63,746 | ▲ 20.0% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | - | - | €24,718 | €29,657 | €37,540 | €46,935 | €57,546 | ▲ 22.6% |
| Profit (loss) carried forward14 | €11,223 | €16,934 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €2,639 | €2,936 | €4,722 | €2,047 | €0 | €1,212 | €1,189 | €1,208 | ▲ 1.6% |
| Amounts payable within one year42/48 | €2,639 | €2,936 | €4,722 | €2,047 | €0 | €827 | €1,189 | €1,208 | ▲ 1.6% |
| Trade debts44 | - | €387 | €138 | €151 | €0 | €200 | €0 | €152 | - |
| Suppliers440/4 | - | - | - | €151 | €0 | €200 | €0 | €152 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,897 | €0 | €628 | €1,189 | €1,056 | ▼ 11.2% |
| Taxes450/3 | - | - | - | €1,897 | €0 | €628 | €1,189 | €1,056 | ▼ 11.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €384 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,427 | €5,710 | €5,657 | €5,229 | €4,939 | €7,883 | €9,395 | €10,611 | ▲ 12.9% |
| Operating cash flow (approximation) | €5,427 | €5,710 | €5,657 | €5,229 | €4,939 | €7,883 | €9,395 | €10,611 | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €30 | -€3 | €0 | €0 | €0 | €0 | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as MARKA has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MARKA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for MARKA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-06-2026 | 2026-00210948 | |
| 31-12-2024 | abbreviated format | 14-08-2025 | 2025-00374862 | |
| 31-12-2023 | abbreviated format | 27-08-2024 | 2024-00373583 | |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00276604 | |
| 31-12-2021 | abbreviated format | 23-08-2022 | 2022-20304389 | |
| 31-12-2020 | abbreviated format | 17-06-2021 | 2021-21000073 | |
| 31-12-2019 | abbreviated format | 11-06-2020 | 2020-15600328 | |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-31100170 | |
| 31-12-2017 | abbreviated format | 28-05-2018 | 2018-14000012 | |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-20400475 |
Board & ownership
Directors
Full text
2. Binnen de grenzen van het dagelijks bestuur wordt de vennootschap ook in en buiten rechte geldig vertegenwoordigd door de dagelijks bestuurder die alleen kan handelen voor wat betreft het dagelijks bestuur.
Owners and capital
Capital transactions
- 12-01-2024 Capital stated in the deed · €62,000 · 250 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Houtzagerij Van Erck NV |
|
| Van Erck Paul |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Volbrengt mandaat voorganger tenzij anders beslist, overblijvende bestuurders”
Articles of association, deed of 12-01-2024 (in Dutch)
Network & group
MARKA shares no director with another company.
Companies at the same address
4 other companiesConnections & network
2 current directorsThe network starts from the directors of MARKA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-01
Gazette deed
Amendment of the articlesCapital €62,000, 250 shares · Registered office clause: Zandstraat 6, 2323 Wortel (Hoogstraten)2 points ▸
- Capital, €62,000, 250 shares
- Registered office clause, Zandstraat 6, 2323 Wortel (Hoogstraten)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13051D0267/00M000 | Flanders | 4,507 m² | 1 · 263 m² | 7.9 m · 1 |