MARKANE
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (60 days) Filed on 29 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00510040.
Equity
€123,968▼ 9.8%
2023 · €137,485
Total assets
€236,537▼ 6.2%
2023 · €252,232
Net result
-€13,517
2023 · €16,503
Working capital
€106,415▼ 0.7%
2023 · €107,196
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €12,980 after €23,978 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€12,980
2024
Net result-€13,517
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€236,537
2024
Equity€123,968
2024
Debt€112,569
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€106,415
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-5.7%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency52.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.95
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€21,460-€24,529▲ 14.3%€15,500▼ 36.8%€27,607▲ 78.1%€25,851▼ 6.4%€23,978▼ 7.2%-€12,980
Net result€16,757-€19,046▲ 13.7%€11,867within the sector's middle half▼ 37.7%€16,966within the sector's middle half▲ 43.0%€18,155within the sector's middle half▲ 7.0%€16,503within the sector's middle half▼ 9.1%-€13,517below the sector's middle half
Equity€54,948-€73,994▲ 34.7%€85,861within the sector's middle half▲ 16.0%€102,827within the sector's middle half▲ 19.8%€120,982within the sector's middle half▲ 17.7%€137,485within the sector's middle half▲ 13.6%€123,968within the sector's middle half▼ 9.8%
Total assets€181,158-€175,190▼ 3.3%€327,571within the sector's middle half▲ 87.0%€437,644above the sector's middle half▲ 33.6%€250,946within the sector's middle half▼ 42.7%€252,232within the sector's middle half▲ 0.5%€236,537within the sector's middle half▼ 6.2%
Debt€126,210-€101,196▼ 19.8%€241,710▲ 139%€334,817▲ 38.5%€129,964▼ 61.2%€114,747▼ 11.7%€112,569▼ 1.9%
Working capital€50,448-€66,494▲ 31.8%€18,031within the sector's middle half▼ 72.9%€51,881within the sector's middle half▲ 188%€85,420within the sector's middle half▲ 64.6%€107,196within the sector's middle half▲ 25.5%€106,415within the sector's middle half▼ 0.7%
Solvency30.3%-42.2%▲ 11.9pp26.2%within the sector's middle half▼ 16.0pp23.5%within the sector's middle half▼ 2.7pp48.2%within the sector's middle half▲ 24.7pp54.5%within the sector's middle half▲ 6.3pp52.4%within the sector's middle half▼ 2.1pp
Current ratio1.40-1.66▲ 0.261.07within the sector's middle half▼ 0.581.15within the sector's middle half▲ 0.081.66within the sector's middle half▲ 0.501.93within the sector's middle half▲ 0.281.95within the sector's middle half▲ 0.01
Return on assets (ROA)9.2%-10.9%▲ 1.6pp3.6%within the sector's middle half▼ 7.2pp3.9%within the sector's middle half▲ 0.3pp7.2%within the sector's middle half▲ 3.4pp6.5%within the sector's middle half▼ 0.7pp-5.7%below the sector's middle half▼ 12.3pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €236,537
Fixed assets
€17,553 ▼ 42.0%
Current assets
€218,984 ▼ 1.3%
Equity and liabilities €236,537
Equity
€123,968 ▼ 9.8%
Debt
€112,569 ▼ 1.9%
Debt's share of the balance-sheet total rises from 45.5% to 47.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€244▼
2023 · €39,495
Cash flow
-€781▼
2023 · €32,020
Quick ratio
1.21▼
2023 · 1.49
Debt to equity
0.91▲
2023 · 0.83
ROE
-10.9%▼
2023 · 12.0%
Interest coverage
-0.81▼
2023 · over 100
Debt ≤ 1 year
€112,569▼
2023 · €114,747
Income taxes
€236▼
2023 · €7,355
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,500 | €3,849 | €16,884 | €15,384 | €15,517 | €12,736 | ▼ 17.9% |
| Other operating charges640/8 | - | - | - | €3,120 | €1,386 | €1,911 | €189 | ▼ 90.1% |
| Gross operating margin9900 | €21,958 | €26,875 | €21,188 | €47,611 | €42,621 | €41,406 | -€55 | - |
| Operating profit (loss)9901 | €21,460 | €24,529 | €15,500 | €27,607 | €25,851 | €23,978 | -€12,980 | - |
| Financial income75/76B | - | - | - | - | - | €9 | - | - |
| Recurring financial income75 | - | - | - | - | - | €9 | - | - |
| Financial charges65/66B | - | - | - | €100 | €218 | €129 | €301 | ▲ 133% |
| Recurring financial charges65 | €9 | - | €13 | €100 | €218 | €129 | €301 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €21,451 | €24,529 | €15,487 | €27,507 | €25,633 | €23,858 | -€13,281 | - |
| Income taxes67/77 | €4,694 | €5,483 | €3,620 | €10,541 | €7,478 | €7,355 | €236 | ▼ 96.8% |
| Profit (loss) for the period9904 | €16,757 | €19,046 | €11,867 | €16,966 | €18,155 | €16,503 | -€13,517 | - |
| Profit (loss) for the period to be appropriated9905 | €16,757 | €19,046 | €11,867 | €16,966 | €18,155 | €16,503 | -€13,517 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €181,158 | €175,190 | €327,571 | €437,644 | €250,946 | €252,232 | €236,537 | ▼ 6.2% |
| Fixed assets21/28 | €4,500 | €7,500 | €67,830 | €50,946 | €35,562 | €30,289 | €17,553 | ▼ 42.0% |
| Tangible fixed assets22/27 | - | €3,000 | €63,330 | €46,446 | €31,062 | €25,789 | €13,053 | ▼ 49.4% |
| Plant, machinery and equipment23 | - | - | - | €42,646 | €29,466 | €17,584 | €8,570 | ▼ 51.3% |
| Furniture and vehicles24 | - | - | - | €3,800 | €1,596 | €8,205 | €4,483 | ▼ 45.4% |
| Financial fixed assets28 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Current assets29/58 | €176,658 | €167,690 | €259,741 | €386,698 | €215,384 | €221,943 | €218,984 | ▼ 1.3% |
| Stocks and contracts in progress3 | €40,226 | €33,811 | €66,022 | €67,241 | €50,125 | €51,150 | €82,655 | ▲ 61.6% |
| Stocks30/36 | - | - | - | €67,241 | €50,125 | €51,150 | €82,655 | ▲ 61.6% |
| Amounts receivable within one year40/41 | €136,432 | €133,879 | €193,719 | €310,949 | €129,969 | €163,151 | €134,388 | ▼ 17.6% |
| Trade receivables40 | - | - | - | €294,054 | €129,969 | €152,871 | €124,974 | ▼ 18.2% |
| Other amounts receivable41 | - | - | - | €16,895 | - | €10,280 | €9,414 | ▼ 8.4% |
| Cash at bank and in hand54/58 | - | - | - | €8,508 | €35,290 | €6,533 | €1,941 | ▼ 70.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,109 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €181,158 | €175,190 | €327,571 | €437,644 | €250,946 | €252,232 | €236,537 | ▼ 6.2% |
| Equity10/15 | €54,948 | €73,994 | €85,861 | €102,827 | €120,982 | €137,485 | €123,968 | ▼ 9.8% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €34,497 | €53,543 | €65,410 | €82,376 | €100,531 | €117,034 | €103,517 | ▼ 11.5% |
| Amounts payable17/49 | €126,210 | €101,196 | €241,710 | €334,817 | €129,964 | €114,747 | €112,569 | ▼ 1.9% |
| Amounts payable within one year42/48 | €126,210 | €101,196 | €241,710 | €334,817 | €129,964 | €114,747 | €112,569 | ▼ 1.9% |
| Trade debts44 | €9,785 | €27,464 | €164,010 | €231,814 | €37,284 | €53,290 | €54,806 | ▲ 2.8% |
| Suppliers440/4 | - | - | - | €231,814 | €37,284 | €53,290 | €54,806 | ▲ 2.8% |
| Taxes, remuneration and social security45 | - | - | - | €8,265 | €20,234 | €15,201 | €15,437 | ▲ 1.6% |
| Taxes450/3 | - | - | - | €8,065 | €15,634 | €15,201 | €15,437 | ▲ 1.6% |
| Remuneration and social security454/9 | - | - | - | €200 | €4,600 | - | - | - |
| Other amounts payable47/48 | - | - | - | €94,738 | €72,446 | €46,256 | €42,326 | ▼ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,757 | €19,046 | €11,867 | €16,966 | €18,155 | €16,503 | -€13,517 | - |
| + Depreciation and write-downs630 | - | €1,500 | €3,849 | €16,884 | €15,384 | €15,517 | €12,736 | ▼ 17.9% |
| Operating cash flow (approximation) | €16,757 | €20,546 | €15,716 | €33,850 | €33,539 | €32,020 | -€781 | - |
| Investment in fixed assets (approximation) | - | -€4,500 | -€64,179 | €0 | €0 | -€10,244 | €0 | - |
| Change in cash | - | - | - | - | €26,782 | -€28,757 | -€4,592 | ▲ 84.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00510040 |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00505202 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00463678 |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20461340 |
| 31-12-2020 | micro format | 18-10-2021 | 2021-72000426 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65100507 |
| 31-12-2018 | micro format | 24-08-2019 | 2019-49800055 |
| 31-12-2017 | micro format | 19-08-2018 | 2018-46100471 |
| 31-12-2016 | micro format | 24-08-2017 | 2017-46300589 |
| 31-12-2015 | abbreviated format | 14-09-2016 | 2016-60500473 |
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Of the 1,539 active companies whose main activity is non-specialised wholesale trade (NACE 46900), figures are known for 910. 614 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.