Equity
MARKA paid out €23,595 in dividends in a year with a loss of €6,430.
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 55, micro). It does better than 75% of them on solvency, 39% on liquidity, 53% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 12,322 companies had the same profile as MARKA has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MARKA itself: 0.2% within 12 months.
The method was tested on the 497,447 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 12,322 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.
Liquidity is insufficient, with a current ratio of 0.24 (0.52 in 2024), below 1. Short-term debt is 28.5% and cash 2.9% of total assets. 43.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MARKA Kasterlee | €402,281 | €75,284 | 56.6% | - |
| LES CRETIAS Dinant | €466,209 | €76,073 | 19.9% | - |
| CALY-JOBAN Houffalize | €351,370 | €81,299 | -31.4% | - |
| STRUYE Boom | €425,027 | €85,466 | 62.6% | - |
| TOCLA Geel | €410,426 | €82,300 | 63.1% | - |
| HOTEL ESSENZA Puurs-Sint-Amands | €575,887 | €113,414 | 31.1% | - |
| DE LOFT Veurne | €477,436 | €90,542 | 52.2% | - |
These companies have the same main activity as MARKA: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €351,000 and €576,000, founded between 1990 and 2006.
MARKA files the micro format. That format states no turnover. The gross margin fell from €84,035 in 2006 to €75,284 in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €150,000 and €390,000.
Higher than 77% of 1,609 companies in 2025.
Higher than 30% of 1,562 companies in 2025.
Higher than 35% of 1,582 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
402,281 | 395,510 | 390,606 | 370,791 | 341,271 | 328,371 | 330,800 | 353,146 | 297,932 | 161,111 | 170,535 | 204,907 | 258,442 | 268,771 | 311,566 | 347,977 | 354,925 | 381,142 | 412,217 | 438,501 | |
21/28 |
374,328 | 349,329 | 363,355 | 344,195 | 327,259 | 313,189 | 324,471 | 341,440 | 268,061 | 134,152 | 162,323 | 202,466 | 235,177 | 254,960 | 283,920 | 304,955 | 326,956 | 341,304 | 382,587 | 402,791 | |
22/27 |
374,291 | 349,292 | 363,318 | 344,158 | 327,222 | 313,152 | 324,434 | 341,403 | 268,024 | 134,115 | 162,286 | 202,429 | 235,140 | 254,923 | 283,883 | 304,918 | 326,919 | 341,267 | 382,587 | 402,791 | |
22 |
40,243 | 43,798 | 40,300 | 44,422 | 49,069 | 53,826 | 62,453 | 78,797 | 95,141 | 49,485 | 62,729 | 75,973 | 81,072 | 93,501 | 105,931 | 118,360 | 130,790 | 143,219 | 155,649 | 168,078 | |
23 |
273,889 | 293,895 | 317,629 | 293,493 | 271,058 | 250,807 | 260,839 | 260,789 | 169,793 | 73,953 | 81,293 | 100,605 | 120,630 | 136,995 | 147,442 | 144,633 | 143,550 | 169,959 | 192,835 | 231,238 | |
24 |
60,159 | 11,600 | 5,390 | 6,243 | 7,096 | 8,519 | 1,141 | 1,817 | 3,090 | 10,677 | 18,264 | 25,851 | 33,438 | 24,427 | 30,510 | 41,925 | 52,579 | 28,089 | 34,103 | 3,475 | |
28 |
37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 | - | - | |
29/58 |
27,953 | 46,180 | 27,251 | 26,596 | 14,011 | 15,182 | 6,329 | 11,706 | 29,871 | 26,958 | 8,212 | 2,441 | 23,265 | 13,811 | 27,646 | 43,022 | 27,969 | 39,838 | 29,630 | 35,710 | |
3 |
233 | 573 | 826 | 598 | 500 | 516 | 634 | 378 | 458 | 550 | 209 | 234 | 131 | 176 | 114 | 332 | 256 | 287 | 907 | 789 | |
30/36 |
233 | 573 | 826 | 598 | 500 | 516 | 634 | 378 | 458 | 550 | 209 | 234 | 131 | 176 | 114 | 332 | 256 | 287 | 907 | 789 | |
40/41 |
10,878 | 9,195 | 8,381 | 5,306 | 6,978 | 7,630 | 59 | 5,491 | 11,063 | 4,497 | 612 | 1,639 | 8,205 | 3,628 | 4,077 | 2,326 | 9,313 | 895 | - | 180 | |
40 |
5,625 | 9,016 | 8,380 | 4,178 | 3,115 | 6,993 | - | 4,401 | 5,664 | 2,436 | 290 | 512 | - | - | 2,810 | - | 99 | - | - | 180 | |
41 |
5,253 | 179 | 1 | 1,128 | 3,863 | 637 | 59 | 1,090 | 5,400 | 2,061 | 322 | 1,127 | 8,205 | 3,628 | 1,267 | 2,326 | 9,214 | 895 | - | - | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | 10,000 | - | |
54/58 |
11,514 | 33,116 | 14,526 | 17,001 | 6,534 | 7,036 | 5,636 | 5,837 | 18,350 | 21,911 | 7,391 | 568 | 14,929 | 10,007 | 23,455 | 36,321 | 18,400 | 18,656 | 18,723 | 34,160 | |
490/1 |
5,328 | 3,296 | 3,518 | 3,691 | - | - | - | - | - | - | - | - | - | - | - | 4,043 | - | - | - | 581 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
402,281 | 395,510 | 390,606 | 370,791 | 341,271 | 328,371 | 330,800 | 353,146 | 297,932 | 161,111 | 170,535 | 204,907 | 258,442 | 268,771 | 311,566 | 347,977 | 354,925 | 381,142 | 412,217 | 438,501 | |
10/15 |
227,839 | 257,863 | 229,605 | 214,574 | 180,106 | 143,839 | 134,891 | 120,222 | 116,069 | 125,784 | 93,729 | 85,488 | 111,372 | 111,109 | 91,791 | 71,862 | 63,213 | 61,388 | 44,228 | 41,525 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
209,247 | 239,271 | 211,013 | 195,982 | 161,514 | 125,247 | 116,299 | 101,630 | 97,477 | 107,191 | 75,137 | 66,896 | 92,780 | 92,517 | 73,199 | 53,270 | 44,621 | 42,796 | 25,636 | 22,933 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
209,247 | 239,271 | 211,013 | 194,123 | 159,654 | 123,388 | 114,440 | 99,771 | 95,618 | 105,332 | 73,278 | 65,037 | 90,921 | 90,658 | 71,340 | 51,411 | 42,762 | 40,937 | 23,777 | 21,074 | |
17/49 |
174,442 | 137,646 | 161,001 | 156,217 | 161,165 | 184,532 | 195,909 | 232,924 | 181,863 | 35,327 | 76,806 | 119,419 | 147,070 | 157,662 | 219,775 | 276,115 | 291,712 | 319,754 | 367,989 | 396,976 | |
17 |
55,255 | 43,775 | 59,225 | 74,675 | 93,597 | 113,321 | 129,377 | 166,271 | 108,163 | 9,550 | 18,629 | 57,048 | 99,683 | 115,275 | 148,851 | 182,980 | 190,845 | 212,571 | 238,495 | 258,956 | |
170/4 |
55,255 | 43,775 | 59,225 | 74,675 | 93,597 | 113,321 | 129,377 | 166,271 | 108,163 | 9,550 | 18,629 | 57,048 | 99,683 | 115,275 | 148,851 | 182,980 | 190,845 | 212,571 | 238,495 | 258,956 | |
42/48 |
114,735 | 88,507 | 95,780 | 77,934 | 66,526 | 70,345 | 65,502 | 66,167 | 73,564 | 25,777 | 58,177 | 62,371 | 47,387 | 42,387 | 70,924 | 93,135 | 100,867 | 107,183 | 129,494 | 138,020 | |
42 |
27,130 | 15,450 | 15,450 | 18,938 | 19,723 | 27,790 | 41,424 | 37,594 | 44,338 | 9,079 | 38,419 | 42,635 | 40,873 | 33,577 | 34,128 | 34,073 | 30,397 | 25,924 | 24,770 | 23,033 | |
44 |
2,990 | 9,045 | 2,625 | 9,240 | 6,453 | 12,564 | 1,711 | 9,042 | 16,126 | 1,483 | 1,238 | 6,442 | 1,095 | 371 | 1,923 | 9,945 | 3,038 | 116 | 634 | 1,620 | |
440/4 |
2,990 | 9,045 | 2,625 | 9,240 | 6,453 | 12,564 | 1,711 | 9,042 | 16,126 | 1,483 | 1,238 | 6,442 | 1,095 | 371 | 1,923 | 9,945 | 3,038 | 116 | 634 | 1,620 | |
46 |
401 | - | - | 1,821 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
13,126 | 16,835 | 12,319 | 8,020 | 8,054 | 5,054 | 5,638 | 6,403 | 4,227 | 8,391 | 3,205 | 7,343 | 5,419 | 3,826 | 6,398 | 3,826 | 3,826 | 777 | 7,551 | 4,457 | |
450/3 |
7,426 | 7,456 | 7,373 | 6,166 | 6,218 | 3,231 | 3,551 | 2,790 | 2,415 | 6,574 | 1,049 | 3,962 | 2,248 | 782 | 3,354 | 782 | 782 | 777 | 4,716 | 1,626 | |
454/9 |
5,700 | 9,379 | 4,946 | 1,853 | 1,836 | 1,823 | 2,087 | 3,613 | 1,812 | 1,816 | 2,156 | 3,381 | 3,171 | 3,044 | 3,044 | 3,044 | 3,044 | - | 2,835 | 2,831 | |
47/48 |
71,088 | 47,177 | 65,386 | 39,915 | 32,296 | 24,936 | 16,730 | 13,127 | 8,874 | 6,824 | 15,315 | 5,951 | - | 4,613 | 28,475 | 45,291 | 63,606 | 80,366 | 96,539 | 108,910 | |
492/3 |
4,452 | 5,364 | 5,996 | 3,608 | 1,042 | 867 | 1,029 | 486 | 136 | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
75,284 | 122,689 | 138,872 | 101,574 | 84,385 | 53,638 | 77,912 | 64,503 | 49,706 | 84,489 | 59,011 | 27,303 | 70,375 | 86,343 | 89,593 | 77,750 | 73,443 | 89,456 | 89,742 | 84,035 | |
62 |
- | 21,382 | 22,132 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 63 | 19 | |
630 |
63,573 | 46,632 | 43,288 | 37,383 | 32,819 | 38,505 | 54,181 | 52,416 | 50,837 | 42,027 | 41,343 | 41,808 | 47,821 | 47,036 | 44,812 | 49,048 | 54,510 | 52,062 | 60,309 | 59,690 | |
640/8 |
9,997 | 9,121 | 12,031 | 14,551 | 3,219 | 1,668 | 3,225 | 3,207 | 6,406 | 3,256 | 5,759 | 5,768 | 5,956 | 5,556 | 5,638 | 5,441 | 6,012 | 5,419 | 8,152 | 4,551 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 8,914 | - | - | - | - | - | - | - | |
9901 |
1,714 | 45,554 | 61,421 | 49,640 | 48,347 | 13,465 | 20,507 | 8,881 | -7,537 | 39,205 | 11,909 | -20,273 | 16,598 | 33,751 | 39,143 | 23,261 | 12,921 | 31,975 | 21,218 | 19,775 | |
75/76B |
8 | 10 | 18 | 1 | 7 | 18 | 38 | 5 | 11 | 9 | 45 | 5 | 186 | 30 | 50 | 157 | 108 | 320 | 547 | 177 | |
75 |
8 | 10 | 18 | 1 | 7 | 18 | 38 | 5 | 11 | 9 | 45 | 5 | 186 | 30 | 50 | 157 | 108 | 320 | 547 | 177 | |
65/66B |
7,081 | 6,633 | 7,337 | 5,304 | 3,324 | 3,392 | 4,149 | 4,052 | 1,875 | 1,823 | 3,563 | 5,422 | 7,179 | 8,407 | 9,917 | 10,396 | 11,189 | 12,145 | 19,019 | 12,437 | |
65 |
7,081 | 6,633 | 7,337 | 5,304 | 3,324 | 3,392 | 4,149 | 4,052 | 1,875 | 1,823 | 3,563 | 5,422 | 7,179 | 8,407 | 9,917 | 10,396 | 11,189 | 12,145 | 19,019 | 12,437 | |
9903 |
-5,359 | 38,932 | 54,103 | 44,336 | 45,030 | 10,091 | 16,395 | 4,834 | -9,401 | 37,391 | 8,391 | -25,690 | 691 | 25,374 | 29,276 | 13,022 | 1,840 | 20,150 | 2,746 | 7,515 | |
67/77 |
1,071 | 10,674 | 14,922 | 9,868 | 8,764 | 1,143 | 1,726 | 682 | 313 | 5,336 | 150 | 194 | 428 | 6,056 | 9,348 | 4,372 | 15 | 2,990 | 44 | 6 | |
9904 |
-6,430 | 28,258 | 39,181 | 34,469 | 36,267 | 8,948 | 14,669 | 4,153 | -9,714 | 32,055 | 8,241 | -25,884 | 263 | 19,318 | 19,928 | 8,650 | 1,825 | 17,160 | 2,702 | 7,509 | |
9905 |
-6,430 | 28,258 | 39,181 | 34,469 | 36,267 | 8,948 | 14,669 | 4,153 | -9,714 | 32,055 | 8,241 | -25,884 | 263 | 19,318 | 19,928 | 8,650 | 1,825 | 17,160 | 2,702 | 7,509 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-6,430 | 28,258 | 39,181 | 34,469 | 36,267 | 8,948 | 14,669 | 4,153 | -9,714 | 32,055 | 8,241 | -25,884 | 263 | 19,318 | 19,928 | 8,650 | 1,825 | 17,160 | 2,702 | 7,509 | |
791/2 |
30,025 | - | 24,150 | - | - | - | - | - | 9,714 | - | - | 25,884 | - | - | - | - | - | - | - | - | |
691/2 |
- | 28,258 | 39,181 | 34,469 | 36,267 | 8,948 | 14,669 | 4,153 | - | 32,055 | 8,241 | - | 263 | 19,318 | 19,928 | 8,650 | 1,825 | 17,160 | 2,702 | 7,509 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,702 | 7,509 | |
6921 |
- | 28,258 | 39,181 | 34,469 | 36,267 | 8,948 | 14,669 | 4,153 | - | 32,055 | 8,241 | - | 263 | 19,318 | 19,928 | 8,650 | 1,825 | 17,160 | - | - | |
694/7 |
23,595 | - | 24,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
23,595 | - | 24,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | 0.7 | 0.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | 532 | 956 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00351710 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00427054 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00279637 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00338445 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20224352 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-56300538 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38900357 | |
| 31-12-2018 | micro format | 09-07-2019 | 2019-30000172 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48700443 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47000531 | |
| 31-12-2015 | abbreviated format | 13-07-2016 | 2016-29800505 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-36900177 | |
| 31-12-2013 | abbreviated format | 25-08-2014 | 2014-45100263 | |
| 31-12-2012 | abbreviated format | 07-06-2013 | 2013-15500519 | |
| 31-12-2011 | abbreviated format | 19-06-2012 | 2012-18000136 | |
| 31-12-2010 | abbreviated format | 24-06-2011 | 2011-19700047 | |
| 31-12-2009 | abbreviated format | 10-06-2010 | 2010-16000307 | |
| 31-12-2008 | abbreviated format | 11-06-2009 | 2009-21000123 | |
| 31-12-2007 | abbreviated format | 04-06-2008 | 2008-18000065 | |
| 31-12-2006 | abbreviated format | 07-06-2007 | 2007-19000368 | |
| 31-12-2005 | abbreviated format | 07-06-2006 | 2006-19800667 | |
| 31-12-2004 | abbreviated format | 08-06-2005 | 2005-22102541 | |
| 31-12-2003 | abbreviated format | 11-06-2004 | 2004-23404552 | |
| 31-12-2002 | abbreviated format | 04-06-2003 | 2003-19401414 | |
| 31-12-2001 | abbreviated format | 24-07-2002 | 2002-41401704 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 65,287 | 92,186 | 104,709 | 87,023 | 81,166 | 51,969 | 74,688 | 61,297 | 43,300 | 81,232 | 53,252 | 21,535 | 64,419 | 80,787 | 83,955 | 72,309 | 67,431 | 84,037 | 81,527 | 79,465 | ||
| 57,143 | 74,891 | 82,469 | 71,852 | 69,086 | 47,453 | 68,849 | 56,569 | 41,123 | 74,082 | 49,584 | 15,924 | 48,084 | 66,354 | 64,740 | 57,698 | 56,335 | 69,222 | 63,011 | 67,199 | ||
| 88,571 | 32,606 | 62,449 | 54,319 | 46,889 | 27,223 | 37,211 | 125,795 | 184,745 | 13,856 | 1,199 | 9,097 | 36,952 | 18,076 | 23,777 | 27,047 | 40,162 | 10,779 | 40,105 | 28,425 | ||
| -21,602 | 18,590 | -2,475 | 10,467 | -502 | 1,400 | -201 | -12,513 | -3,561 | 14,520 | 6,823 | -14,361 | 4,922 | -13,448 | -12,866 | 17,921 | -256 | -67 | -15,437 | - | ||
| -86,782 | -42,327 | -68,529 | -51,338 | -52,514 | -55,162 | -59,173 | -54,461 | -43,693 | 1,182 | -49,965 | -59,930 | -24,122 | -28,576 | -43,278 | -50,113 | -72,898 | -67,345 | -99,864 | -102,310 | ||
| 56.6% | 65.2% | 58.8% | 57.9% | 52.8% | 43.8% | 40.8% | 34.0% | 39.0% | 78.1% | 55.0% | 41.7% | 43.1% | 41.3% | 29.5% | 20.7% | 17.8% | 16.1% | 10.7% | 9.5% | ||
| 0.24 | 0.52 | 0.28 | 0.34 | 0.21 | 0.22 | 0.10 | 0.18 | 0.41 | 1.05 | 0.14 | 0.04 | 0.49 | 0.33 | 0.39 | 0.46 | 0.28 | 0.37 | 0.23 | 0.26 | ||
| 0.24 | 0.52 | 0.28 | 0.33 | 0.20 | 0.21 | 0.09 | 0.17 | 0.40 | 1.02 | 0.14 | 0.04 | 0.49 | 0.32 | 0.39 | 0.46 | 0.27 | 0.37 | 0.22 | 0.25 | ||
| 0.77 | 0.53 | 0.70 | 0.73 | 0.89 | 1.28 | 1.45 | 1.94 | 1.57 | 0.28 | 0.82 | 1.40 | 1.32 | 1.42 | 2.39 | 3.84 | 4.61 | 5.21 | 8.32 | 9.56 | ||
| -2.8% | 11.0% | 17.1% | 16.1% | 20.1% | 6.2% | 10.9% | 3.5% | -8.4% | 25.5% | 8.8% | -30.3% | 0.2% | 17.4% | 21.7% | 12.0% | 2.9% | 28.0% | 6.1% | 18.1% | ||
| -1.6% | 7.1% | 10.0% | 9.3% | 10.6% | 2.7% | 4.4% | 1.2% | -3.3% | 19.9% | 4.8% | -12.6% | 0.1% | 7.2% | 6.4% | 2.5% | 0.5% | 4.5% | 0.7% | 1.7% | ||
| 9.22 | 13.90 | 14.27 | 16.41 | 24.42 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | - | 0.5 |
| 0.4 | 0.5 | |
| On a permanent contract | - | 1 |
| Joined | 0 | - |
| Left | 1 | - |
Source: social balance sheet in the 2023 to 2024 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €88,571 | €32,606 | €62,449 | €54,319 | €46,889 |
| €63,573 | €46,632 | €43,288 | €37,383 | €32,819 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 96% lower than in 2024 and the lowest since 2017. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 34.8% to 43.4%. Equity is lower and debt is higher.
MARKA has no parent and no holdings in its annual accounts. MARKA shares no director with another company.
| FMGP HOLDING
establishment since 16-12-2015 · founded in 2015 |
total assets €2.8m (2025) 0644.565.196 |
| FMGP
registered office since 17-12-1999 · founded in 1999 |
22 FTE (2025) 0468.717.460 |
| MF DERMATOLOGIE
registered office since 08-12-2022 · founded in 2022 |
total assets €509,564 (2025) 0794.564.018 |
| VERVIVO
registered office since 28-09-2018 · founded in 2018 |
total assets €383,881 (2025) 0705.987.279 |
| IL CIELO ESTATE
registered office since 09-05-2022 · founded in 2022 · negative equity (2025) |
total assets €300,063 (2025) 0785.859.950 |
| Quinta
registered office since 16-04-2021 · founded in 2021 |
total assets €234,855 (2025) 0766.794.304 |
| CAMPINA-INVEST
registered office since 05-01-2005 · founded in 2005 |
total assets €94,138 (2025) 0870.992.296 |
| BANK DEGROOF PETERCAM
establishment since 01-10-2018 |
founded in 1956 0403.212.172 |
| SAIL FRIENDS
registered office since 15-12-2008 |
founded in 2008 0808.411.658 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| MOTEL CLEO registered office Turnhoutsebaan 163, 2460 Kasterlee | 14-05-2002 | 2.116.038.073 | Bed-and-breakfast |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13017F0182/00F000 | 2,587 m² | 1 · 400 m² | 11.6 m · 3 |
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