MARKELBACH & CORNE
ActiveMARKELBACH & CORNE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.21M and a net result of €1.57M. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+58
Solvency100=
Growth62▲+15
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity ample (current ratio 3.93 against 3.86 in 2024; short-term debt: 24.2% and cash: 2% of total assets), and 24.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.2%
Return on assets
11.6%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
7 d late
2023
12 d early
2022
76 d early
2021
32 d early
2020
39 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€35.92M▼ 5.0%
2024 · €37.81M
2018: €36.90M
2019: €35.92M
2020: €27.53M
2021: €29.19M
2022: €38.11M
2023: €39.68M
2024: €37.81M
2018 → 2025
EBIT margin
5.3%▲ 7.3pp
2024 · -2.0%
2018: 5.9%
2019: 6.5%
2020: 4.4%
2021: 6.9%
2022: 7.5%
2023: 7.1%
2024: -2.0%
2018 → 2025
Net result
€1.57M
2024 · €-759k
2018: €1.47M
2019: €1.61M
2020: €795k
2021: €1.48M
2022: €1.95M
2023: €2.06M
2024: €-759k
2018 → 2025
Working capital
€9.59M▲ 7.7%
2024 · €8.91M
2018: €8.88M
2019: €9.20M
2020: €9.29M
2021: €9.71M
2022: €10.83M
2023: €13.02M
2024: €8.91M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€29.19M-€38.11M▲ 30.5%€39.68M▲ 4.1%€37.81M▼ 4.7%€35.92M▼ 5.0%
Equity€10.06M-€11.03M▲ 9.7%€11.97M▲ 8.5%€9.68M▼ 19.1%€10.21M▲ 5.4%
Operating result€2.01M-€2.86M▲ 42.5%€2.82M▼ 1.4%€-768k€1.89M
Net result€1.48M-€1.95M▲ 31.6%€2.06M▲ 6.0%€-759k€1.57M
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.89M after a loss of €768k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.57M
Fixed assets
€701k▼ 9.4%
Current assets
€12.87M▲ 7.1%
Equity and liabilities €13.57M
Equity
€10.21M▲ 5.4%
Debt
€3.36M▲ 8.1%
The debt ratio rises from 24.3% to 24.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.06M▲
2024 · €-574k
Cash flow
€1.75M▲
2024 · €-565k
Solvency
75.2%▼
2024 · 75.7%
Current ratio
3.93▲
2024 · 3.86
Quick ratio
1.57▼
2024 · 1.64
Debt / equity
0.33▲
2024 · 0.32
ROE
15.4%▲
2024 · -7.8%
ROA
11.6%▲
2024 · -5.9%
Interest coverage
150.98▲
2024 · -14.29
Debt
€3.36M▲
2024 · €3.11M
Debt ≤ 1 year
€3.28M▲
2024 · €3.11M
Income taxes
€317k▲
2024 · €871
Staff costs
€1.59M▲
2024 · €1.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.79M€13.57M▲
Fixed assets21/28€774k€701k▼
Tangible fixed assets22/27€774k€701k▼
Land and buildings22€436k€391k▼
Plant, machinery and equipment23€92k€159k▲
Furniture and vehicles24€245k€151k▼
Financial fixed assets28€124€124=
Other financial fixed assets284/8€124€124=
Amounts receivable and cash guarantees285/8€124€124=
Current assets29/58€12.02M€12.87M▲
Stocks and contracts in progress3€6.92M€7.71M▲
Stocks30/36€6.92M€7.71M▲
Raw materials and consumables30/31€38k€44k▲
Goods purchased for resale34€6.86M€7.67M▲
Advance payments36€28k-
Amounts receivable within one year40/41€4.79M€4.88M▲
Trade receivables40€4.50M€4.63M▲
Other amounts receivable41€283k€242k▼
Cash at bank and in hand54/58€296k€274k▼
Deferred charges and accrued income490/1€16k€11k▼
Equity and liabilities
Total equity and liabilities10/49€12.79M€13.57M▲
Equity10/15€9.68M€10.21M▲
Contributions10/11€1.24M€1.24M=
Capital10€1.24M€1.24M=
Issued capital100€1.24M€1.24M=
Reserves13€8.43M€8.93M▲
Non-distributable reserves130/1€124k€124k=
Legal reserve130€124k€124k=
Tax-exempt reserves132€54k€54k=
Distributable reserves133€8.25M€8.75M▲
Profit (loss) carried forward14€13k€40k▲
Amounts payable17/49€3.11M€3.36M▲
Amounts payable after more than one year17€69-
Financial debts170/4€69-
Credit institutions173€69-
Amounts payable within one year42/48€3.11M€3.28M▲
Trade debts44€967k€467k▼
Suppliers440/4€967k€467k▼
Taxes, remuneration and social security45€383k€165k▼
Taxes450/3€139k€17k▼
Remuneration and social security454/9€245k€148k▼
Other amounts payable47/48€1.76M€2.65M▲
Accrued charges and deferred income492/3€0€87k▲
Income statement
Code20242025
Operating income70/76A€37.87M€35.97M▼
Turnover70€37.81M€35.92M▼
Other operating income74€36k€35k▼
Non-recurring operating income76A€23k€6k▼
Operating charges60/66A€38.64M€34.08M▼
Goods for resale, raw materials and consumables60€31.80M€30.36M▼
Purchases600/8€32.27M€31.18M▼
Change in stocks: decrease (increase)609€-462k€-817k▼
Services and other goods61€1.75M€1.87M▲
Remuneration, social security and pensions62€1.55M€1.59M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€194k€176k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k-
Other operating charges640/8€77k€76k▼
Non-recurring operating charges66A€3.25M€12k▼
Operating profit (loss)9901€-768k€1.89M▲
Financial income75/76B€50k€13k▼
Recurring financial income75€50k€13k▼
Other financial income752/9€50k€13k▼
Financial charges65/66B€41k€14k▼
Recurring financial charges65€41k€14k▼
Debt charges650€40k€14k▼
Other financial charges652/9€753€87▼
Profit (loss) for the period before taxes9903€-758k€1.89M▲
Income taxes67/77€871€317k▲
Taxes670/3€871€317k▲
Profit (loss) for the period9904€-759k€1.57M▲
Profit (loss) for the period to be appropriated9905€-759k€1.57M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-756k€1.58M▲
Profit (loss) brought forward from the previous period14P€3k€13k▲
Transfer from equity791/2€2.30M-
From reserves792€2.30M-
Transfer to equity691/2-€500k
To other reserves6921-€500k
Profit to be distributed694/7€1.53M€1.04M▼
Return on contributions (dividend)694€1.53M€1.04M▼
Social balance
Average headcount (FTE)908720.821.3▲
The notes to these accounts (34 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €1.57M
Net result €1.57M after one loss-making year.
31-12
Financial
Equity above €10MEq €10.21M ▲5.4%
Equity rises from €9.68M to €10.21M.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-12
Financial
Weakest financial yearnet €-759k ▼137%
Net result drops to €-759k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €2.06M ▲6%
Net result €2.06M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.34
Current ratio from 2.65 to 5.34; short-term debt falls from €6.55M to €3.00M.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €10.06M ▲11.1%
4 profitable years in a row build equity to €10.06M.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechanicalaan 10-122610 AntwerpenGround area
7,679 m²
Building footprint
5,822 m²
Volume, LiDAR
48,405 m³
Parcel 11463D0176/00Y000, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mechanicalaan 10 1, 2610 Antwerpen
since 19992.092.603.863
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0176/00Y000 | Flanders | 7,679 m² | 1 · 5,822 m² | 14.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.092.603.863
Legal Entity Identifier
549300UUD6HUVEVVCT34
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Of 956 companies in sector 46319 we hold annual accounts for 609. 185 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-07-1999
Fiscal year end31-12
Activities, NACEBEL
46319Wholesale of fruit and vegetables, excluding potatoes
46389Wholesale of other food products
51310
51384
52100Warehousing and storage
63122
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.