MARKANGE
ActiveSummary
MARKANGE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90k and a net result of €42k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 19913 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+18
Solvency67▲+24
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.7 against 1.2 in 2023; short-term debt: 58.1% and cash: 6.1% of total assets), but 58.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €90k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-12-2025, 151 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
151 d late
2023
184 d late
2022
113 d late
2021
87 d late
2020
89 d late
2019
213 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€90k▲ 86.5%
2023 · €48k
2018: €106khighest in 7 years
2019: €89k▼ -16.3% vs 2018
2020: €88k▼ -1.2% vs 2019
2021: €93k▲ +6.4% vs 2020
2022: €34k▼ -63.8% vs 2021lowest in 7 years
2023: €48k▲ +42.9% vs 2022
2024: €90k▲ +86.5% vs 2023
2018 → 2024
Total assets
€215k▼ 20.9%
2023 · €271k
2018: €169k
2019: €173k▲ +2.1% vs 2018
2020: €161k▼ -6.9% vs 2019lowest in 7 years
2021: €228k▲ +41.8% vs 2020
2022: €195k▼ -14.3% vs 2021
2023: €271k▲ +39.0% vs 2022highest in 7 years
2024: €215k▼ -20.9% vs 2023
2018 → 2024
Net result
€42k▲ 188%
2023 · €14k
2018: €1k
2019: €-17k▼ -1447% vs 2018
2020: €-1k▲ +94.0% vs 2019
2021: €6k▲ +648% vs 2020
2022: €-59k▼ -1157% vs 2021lowest in 7 years
2023: €14k▲ +124% vs 2022
2024: €42k▲ +188% vs 2023highest in 7 years
2018 → 2024
Working capital
€88k▲ 97.6%
2023 · €44k
2018: €60k
2019: €80k▲ +34.1% vs 2018
2020: €83k▲ +3.3% vs 2019
2021: €91k▲ +10.5% vs 2020highest in 7 years
2022: €34k▼ -63.2% vs 2021lowest in 7 years
2023: €44k▲ +32.0% vs 2022
2024: €88k▲ +97.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€93k▲ 6.4%€34k▼ 63.8%€48k▲ 42.9%€90k▲ 86.5%
2020: €88k
2021: €93k▲ +6.4% vs 2020highest in 5 years
2022: €34k▼ -63.8% vs 2021lowest in 5 years
2023: €48k▲ +42.9% vs 2022
2024: €90k▲ +86.5% vs 2023
Operating result€1k-€8k▲ 530%€-42k€15k€49k▲ 218%
2020: €1k
2021: €8k▲ +530% vs 2020
2022: €-42k▼ -633% vs 2021lowest in 5 years
2023: €15k▲ +137% vs 2022
2024: €49k▲ +218% vs 2023highest in 5 years
Net result€-1k-€6k€-59k€14k€42k▲ 188%
2020: €-1k
2021: €6k▲ +648% vs 2020
2022: €-59k▼ -1157% vs 2021lowest in 5 years
2023: €14k▲ +124% vs 2022
2024: €42k▲ +188% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 218% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215k
Fixed assets
€2k ▼ 37.8%
Current assets
€212k ▼ 20.6%
Equity and liabilities €215k
Equity
€90k ▲ 86.5%
Debt
€125k ▼ 44.1%
Debt's share of the balance-sheet total falls from 82.2% to 58.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2023 · €18k
Cash flow
€43k▲
2023 · €17k
Current ratio
1.70▲
2023 · 1.20
Debt to equity
1.39▼
2023 · 4.63
ROE
46.4%▲
2023 · 30.0%
ROA
19.4%▲
2023 · 5.3%
Interest coverage
42.60▲
2023 · 9.70
Debt ≤ 1 year
€125k▼
2023 · €223k
Income taxes
€16k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€271k€215k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€2k€1k▼
Assets under construction and advance payments27€672-
Financial fixed assets28€984€984=
Current assets29/58€268k€212k▼
Amounts receivable within one year40/41€249k€199k▼
Trade receivables40€92k-
Other amounts receivable41€156k€199k▲
Cash at bank and in hand54/58€19k€13k▼
Deferred charges and accrued income490/1€18-
Equity and liabilities
Total equity and liabilities10/49€271k€215k▼
Equity10/15€48k€90k▲
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€15k€57k▲
Amounts payable17/49€223k€125k▼
Amounts payable within one year42/48€223k€125k▼
Current portion of amounts payable after more than one year42€6k-
Trade debts44€184k€73k▼
Suppliers440/4€184k€73k▼
Taxes, remuneration and social security45€34k€47k▲
Taxes450/3€34k€47k▲
Other amounts payable47/48-€5k
Accrued charges and deferred income492/3-€16
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€822▼
Other operating charges640/8€8k€5k▼
Gross operating margin9900€26k€54k▲
Operating profit (loss)9901€15k€49k▲
Financial income75/76B€8k€11k▲
Recurring financial income75€8k€11k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Non-recurring financial charges66B-€211
Profit (loss) for the period before taxes9903€22k€58k▲
Income taxes67/77€7k€16k▲
Profit (loss) for the period9904€14k€42k▲
Profit (loss) for the period to be appropriated9905€14k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€57k▲
Profit (loss) brought forward from the previous period14P€505€15k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | €3k | €822 | ▼ 68.0% |
| Other operating charges640/8 | - | €3k | €61 | €8k | €5k | ▼ 41.8% |
| Gross operating margin9900 | €15k | €24k | €-29k | €26k | €54k | ▲ 110% |
| Operating profit (loss)9901 | €1k | €8k | €-42k | €15k | €49k | ▲ 218% |
| Financial income75/76B | - | €5k | €4k | €8k | €11k | ▲ 27.4% |
| Recurring financial income75 | €5k | €5k | €4k | €8k | €11k | ▲ 27.4% |
| Financial charges65/66B | - | €2k | €2k | €2k | €1k | ▼ 25.4% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €1k | ▼ 36.9% |
| Non-recurring financial charges66B | - | - | - | - | €211 | - |
| Profit (loss) for the period before taxes9903 | €5k | €10k | €-40k | €22k | €58k | ▲ 166% |
| Income taxes67/77 | €6k | €4k | €20k | €7k | €16k | ▲ 122% |
| Profit (loss) for the period9904 | €-1k | €6k | €-59k | €14k | €42k | ▲ 188% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €6k | €-59k | €14k | €42k | ▲ 188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €228k | €195k | €271k | €215k | ▼ 20.9% |
| Fixed assets21/28 | €31k | €18k | €7k | €4k | €2k | ▼ 37.8% |
| Tangible fixed assets22/27 | €30k | €17k | €6k | €3k | €1k | ▼ 50.4% |
| Furniture and vehicles24 | - | €17k | €5k | €2k | €1k | ▼ 35.8% |
| Assets under construction and advance payments27 | - | - | €672 | €672 | - | - |
| Financial fixed assets28 | €1k | €1k | €984 | €984 | €984 | = |
| Current assets29/58 | €130k | €209k | €189k | €268k | €212k | ▼ 20.6% |
| Amounts receivable within one year40/41 | €85k | €164k | €171k | €249k | €199k | ▼ 19.9% |
| Trade receivables40 | - | €72k | €113k | €92k | - | - |
| Other amounts receivable41 | - | €92k | €58k | €156k | €199k | ▲ 27.5% |
| Cash at bank and in hand54/58 | €43k | €41k | €17k | €19k | €13k | ▼ 30.4% |
| Deferred charges and accrued income490/1 | - | €4k | €747 | €18 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €228k | €195k | €271k | €215k | ▼ 20.9% |
| Equity10/15 | €88k | €93k | €34k | €48k | €90k | ▲ 86.5% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Outside capital11 | - | €12k | €12k | €12k | - | - |
| Other1109/19 | - | €12k | €12k | €12k | - | - |
| Reserves13 | €21k | €21k | €21k | €21k | €21k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €54k | €60k | €505 | €15k | €57k | ▲ 278% |
| Amounts payable17/49 | €73k | €135k | €162k | €223k | €125k | ▼ 44.1% |
| Amounts payable after more than one year17 | €26k | €16k | €6k | - | - | - |
| Financial debts170/4 | - | €16k | €6k | - | - | - |
| Amounts payable within one year42/48 | €47k | €118k | €155k | €223k | €125k | ▼ 44.1% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | €6k | - | - |
| Trade debts44 | €7k | €98k | €128k | €184k | €73k | ▼ 60.4% |
| Suppliers440/4 | - | €98k | €128k | €184k | €73k | ▼ 60.4% |
| Taxes, remuneration and social security45 | - | €11k | €18k | €34k | €47k | ▲ 38.5% |
| Taxes450/3 | - | €11k | €18k | €34k | €47k | ▲ 38.5% |
| Other amounts payable47/48 | - | - | - | - | €5k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €16 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €6k | €-59k | €14k | €42k | ▲ 188% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €3k | €822 | ▼ 68.0% |
| Operating cash flow (approximation) | €12k | €18k | €-46k | €17k | €43k | ▲ 149% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €672 | - |
| Change in cash | - | €-2k | €-24k | €2k | €-6k | ▼ 414% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 184 days late
2024
31-12
Financial
Highest result since 2018net €42k ▲188%
Operating result €49k, net result €42k, both a record.
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 113 days late
2022
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
01-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 213 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 164 days late
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 67 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, Brussel · 1 establishment unit since 2009
Ground area
291 m²
Building footprint
296 m²
Volume, LiDAR
6,289 m³
Parcel 21808H1932/02R000, Brussels · tallest building 24.5 m, ±8 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Kernstraat 54, 1000 Brussel
since 20092.240.971.994
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1932/02R000 | Brussels | 291 m² | 1 · 296 m² | 24.5 m · 8 fl. |
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.
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Of 16,625 companies in sector 86220 we hold annual accounts for 7,979. 6,146 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 (pre-2019)
Founded21-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
Scores and ratios are computed by Checked and are not a credit decision.