MARKER
ActiveSummary
MARKER has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.36M and a net result of €106k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency50▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.89 in 2024; short-term debt: 26.2% and cash: 1.6% of total assets), and 75.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
24.9%
Return on assets
1.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
on the day
2022
129 d early
2021
1 d early
2019
143 d early
2018
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.36M▼ 0.4%
2024 · €1.36M
2018: €599klowest value
2019: €668k▲ +11.5% vs 2018
2021: €853k
2022: €966k▲ +13.3% vs 2021
2023: €1.26M▲ +30.7% vs 2022
2024: €1.36M▲ +7.9% vs 2023highest value
2025: €1.36M▼ -0.4% vs 2024
2018 → 2025
Total assets
€5.45M▼ 5.8%
2024 · €5.78M
2018: €2.21Mlowest value
2019: €2.90M▲ +31.6% vs 2018
2021: €4.23M
2022: €5.22M▲ +23.3% vs 2021
2023: €6.14M▲ +17.7% vs 2022highest value
2024: €5.78M▼ -5.9% vs 2023
2025: €5.45M▼ -5.8% vs 2024
2018 → 2025
Net result
€106k▼ 46.1%
2024 · €196k
2018: €76klowest value
2019: €143k▲ +87.5% vs 2018
2021: €190k
2022: €237k▲ +24.6% vs 2021
2023: €376k▲ +58.7% vs 2022highest value
2024: €196k▼ -47.9% vs 2023
2025: €106k▼ -46.1% vs 2024
2018 → 2025
Working capital
€-209k▼ 31.6%
2024 · €-159k
2018: €-74khighest value
2019: €-194k▼ -163% vs 2018
2021: €-202k
2022: €-1.93M▼ -856% vs 2021lowest value
2023: €-95k▲ +95.1% vs 2022
2024: €-159k▼ -66.7% vs 2023
2025: €-209k▼ -31.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€853k-€966k▲ 13.3%€1.26M▲ 30.7%€1.36M▲ 7.9%€1.36M▼ 0.4%
2021: €853klowest in 5 years
2022: €966k▲ +13.3% vs 2021
2023: €1.26M▲ +30.7% vs 2022
2024: €1.36M▲ +7.9% vs 2023highest in 5 years
2025: €1.36M▼ -0.4% vs 2024
Operating result€498k-€294k▼ 41.0%€497k▲ 69.1%€379k▼ 23.8%€231k▼ 39.1%
2021: €498khighest in 5 years
2022: €294k▼ -41.0% vs 2021
2023: €497k▲ +69.1% vs 2022
2024: €379k▼ -23.8% vs 2023
2025: €231k▼ -39.1% vs 2024lowest in 5 years
Net result€190k-€237k▲ 24.6%€376k▲ 58.7%€196k▼ 47.9%€106k▼ 46.1%
2021: €190k
2022: €237k▲ +24.6% vs 2021
2023: €376k▲ +58.7% vs 2022highest in 5 years
2024: €196k▼ -47.9% vs 2023
2025: €106k▼ -46.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.45M
Fixed assets
€4.23M ▼ 6.0%
Current assets
€1.22M ▼ 5.0%
Equity and liabilities €5.45M
Equity
€1.36M ▼ 0.4%
Debt
€4.09M ▼ 7.4%
Debt's share of the balance-sheet total falls from 76.4% to 75.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€498k▼
2024 · €756k
Cash flow
€373k▼
2024 · €574k
Current ratio
0.85▼
2024 · 0.89
Quick ratio
0.73▼
2024 · 0.77
Debt to equity
3.01▼
2024 · 3.24
ROE
7.8%▼
2024 · 14.4%
ROA
1.9%▼
2024 · 3.4%
Interest coverage
5.85▼
2024 · 7.76
Debt ≤ 1 year
€1.43M▼
2024 · €1.44M
Debt > 1 year
€2.63M▼
2024 · €2.94M
Income taxes
€40k▼
2024 · €86k
Staff costs
€1.43M▲
2024 · €1.26M
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 · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.78M€5.45M▼
Fixed assets21/28€4.50M€4.23M▼
Intangible fixed assets21€198k€173k▼
Tangible fixed assets22/27€4.28M€4.04M▼
Land and buildings22€4.12M€3.94M▼
Plant, machinery and equipment23€73k€54k▼
Furniture and vehicles24€57k€33k▼
Leasing and similar rights25€35k€8k▼
Financial fixed assets28€14k€11k▼
Current assets29/58€1.28M€1.22M▼
Stocks and contracts in progress3€166k€178k▲
Stocks30/36€166k€178k▲
Amounts receivable within one year40/41€995k€947k▼
Trade receivables40€954k€910k▼
Other amounts receivable41€40k€38k▼
Current investments50/53€118€120▲
Cash at bank and in hand54/58€87k€88k▲
Deferred charges and accrued income490/1€37k€6k▼
Equity and liabilities
Total equity and liabilities10/49€5.78M€5.45M▼
Equity10/15€1.36M€1.36M▼
Contributions10/11€52k€52k=
Reserves13€1.31M€1.30M▼
Distributable reserves133€1.31M€1.30M▼
Profit (loss) carried forward14€319€5k▲
Amounts payable17/49€4.42M€4.09M▼
Amounts payable after more than one year17€2.94M€2.63M▼
Financial debts170/4€2.94M€2.63M▼
Other amounts payable178/9€0-
Amounts payable within one year42/48€1.44M€1.43M▼
Current portion of amounts payable after more than one year42€412k€327k▼
Financial debts43€0€160k▲
Credit institutions430/8-€53k
Other loans439€0€107k▲
Trade debts44€500k€471k▼
Suppliers440/4€500k€471k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€480k€420k▼
Taxes450/3€289k€224k▼
Remuneration and social security454/9€191k€196k▲
Other amounts payable47/48€50k€50k=
Accrued charges and deferred income492/3€31k€31k=
Income statement
Code20242025
Non-recurring operating income76A€18k€4k▼
Remuneration, social security and pensions62€1.26M€1.43M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€378k€267k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€22k€24k▲
Gross operating margin9900€2.04M€1.96M▼
Operating profit (loss)9901€379k€231k▼
Financial income75/76B€990€245▼
Recurring financial income75€990€245▼
Financial charges65/66B€98k€85k▼
Recurring financial charges65€98k€85k▼
Non-recurring financial charges66B€40€0▼
Profit (loss) for the period before taxes9903€282k€146k▼
Income taxes67/77€86k€40k▼
Profit (loss) for the period9904€196k€106k▼
Profit (loss) for the period to be appropriated9905€196k€106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€196k€106k▼
Profit (loss) brought forward from the previous period14P€357€319▼
Transfer from equity791/2-€10k
Transfer to equity691/2€100k€0▼
To other reserves6921€100k€0▼
Profit to be distributed694/7€96k€111k▲
Return on contributions (dividend)694€96k€111k▲
Social balance
Average headcount (FTE)908726.929.7▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | €18k | €4k | ▼ 78.9% |
| Remuneration, social security and pensions62 | €1.27M | €850k | €1.35M | €1.26M | €1.43M | ▲ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €278k | €135k | €257k | €378k | €267k | ▼ 29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7k | - |
| Other operating charges640/8 | €27k | €11k | €65k | €22k | €24k | ▲ 10.0% |
| Gross operating margin9900 | €2.08M | €1.29M | €2.17M | €2.04M | €1.96M | ▼ 3.8% |
| Operating profit (loss)9901 | €498k | €294k | €497k | €379k | €231k | ▼ 39.1% |
| Financial income75/76B | €0 | €3k | €1k | €990 | €245 | ▼ 75.3% |
| Recurring financial income75 | €0 | €3k | €1k | €990 | €245 | ▼ 75.3% |
| Financial charges65/66B | €266k | €43k | €119k | €98k | €85k | ▼ 12.7% |
| Recurring financial charges65 | €266k | €43k | €119k | €98k | €85k | ▼ 12.7% |
| Non-recurring financial charges66B | - | - | €10 | €40 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €232k | €254k | €379k | €282k | €146k | ▼ 48.3% |
| Income taxes67/77 | €42k | €17k | €3k | €86k | €40k | ▼ 53.5% |
| Profit (loss) for the period9904 | €190k | €237k | €376k | €196k | €106k | ▼ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €190k | €237k | €376k | €196k | €106k | ▼ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.23M | €5.22M | €6.14M | €5.78M | €5.45M | ▼ 5.8% |
| Fixed assets21/28 | €3.21M | €4.00M | €4.67M | €4.50M | €4.23M | ▼ 6.0% |
| Intangible fixed assets21 | - | - | €223k | €198k | €173k | ▼ 12.5% |
| Tangible fixed assets22/27 | €2.70M | €3.49M | €4.44M | €4.28M | €4.04M | ▼ 5.7% |
| Land and buildings22 | €2.41M | €3.22M | €4.09M | €4.12M | €3.94M | ▼ 4.2% |
| Plant, machinery and equipment23 | €28k | €36k | €113k | €73k | €54k | ▼ 25.3% |
| Furniture and vehicles24 | €17k | €32k | €81k | €57k | €33k | ▼ 41.7% |
| Leasing and similar rights25 | €243k | €197k | €150k | €35k | €8k | ▼ 76.0% |
| Financial fixed assets28 | €514k | €514k | €14k | €14k | €11k | ▼ 17.3% |
| Current assets29/58 | €1.02M | €1.21M | €1.46M | €1.28M | €1.22M | ▼ 5.0% |
| Stocks and contracts in progress3 | €89k | €97k | €147k | €166k | €178k | ▲ 7.4% |
| Stocks30/36 | €89k | €97k | €147k | €166k | €178k | ▲ 7.4% |
| Amounts receivable within one year40/41 | €693k | €831k | €725k | €995k | €947k | ▼ 4.7% |
| Trade receivables40 | €691k | €821k | €721k | €954k | €910k | ▼ 4.7% |
| Other amounts receivable41 | €3k | €10k | €4k | €40k | €38k | ▼ 5.4% |
| Current investments50/53 | - | - | €269k | €118 | €120 | ▲ 2.1% |
| Cash at bank and in hand54/58 | €173k | €226k | €284k | €87k | €88k | ▲ 1.8% |
| Deferred charges and accrued income490/1 | €62k | €59k | €40k | €37k | €6k | ▼ 84.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.23M | €5.22M | €6.14M | €5.78M | €5.45M | ▼ 5.8% |
| Equity10/15 | €853k | €966k | €1.26M | €1.36M | €1.36M | ▼ 0.4% |
| Contributions10/11 | €52k | €52k | €52k | €52k | €52k | = |
| Reserves13 | €801k | €914k | €1.21M | €1.31M | €1.30M | ▼ 0.8% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €801k | €914k | €1.21M | €1.31M | €1.30M | ▼ 0.8% |
| Profit (loss) carried forward14 | €0 | - | €357 | €319 | €5k | ▲ 1,508% |
| Amounts payable17/49 | €3.38M | €4.25M | €4.88M | €4.42M | €4.09M | ▼ 7.4% |
| Amounts payable after more than one year17 | €2.15M | €1.10M | €3.30M | €2.94M | €2.63M | ▼ 10.7% |
| Financial debts170/4 | €2.13M | €1.07M | €3.28M | €2.94M | €2.63M | ▼ 10.7% |
| Other amounts payable178/9 | €25k | €23k | €13k | €0 | - | - |
| Amounts payable within one year42/48 | €1.22M | €3.15M | €1.56M | €1.44M | €1.43M | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | €202k | €1.62M | €372k | €412k | €327k | ▼ 20.6% |
| Financial debts43 | €36k | - | €168k | €0 | €160k | - |
| Credit institutions430/8 | €36k | - | - | - | €53k | - |
| Other loans439 | - | - | €168k | €0 | €107k | - |
| Trade debts44 | €813k | €1.30M | €640k | €500k | €471k | ▼ 5.8% |
| Suppliers440/4 | €813k | €1.30M | €640k | €500k | €471k | ▼ 5.8% |
| Advances received on contracts in progress46 | - | - | €477 | €0 | - | - |
| Taxes, remuneration and social security45 | €138k | €194k | €330k | €480k | €420k | ▼ 12.6% |
| Taxes450/3 | €7k | €34k | €102k | €289k | €224k | ▼ 22.5% |
| Remuneration and social security454/9 | €131k | €160k | €228k | €191k | €196k | ▲ 2.4% |
| Other amounts payable47/48 | €32k | €33k | €50k | €50k | €50k | = |
| Accrued charges and deferred income492/3 | €4k | €3k | €21k | €31k | €31k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €190k | €237k | €376k | €196k | €106k | ▼ 46.1% |
| + Depreciation and write-downs630 | €278k | €135k | €257k | €378k | €267k | ▼ 29.3% |
| Operating cash flow (approximation) | €468k | €372k | €633k | €574k | €373k | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | €-923k | €-930k | €-198k | €2k | ▲ 101% |
| Change in cash | - | €53k | €58k | €-197k | €2k | ▲ 101% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €376k ▲58.7%
Net result €376k, the highest in the series.
30-09
Financial
Equity above €1MEq €1.26M ▲30.7%
5 profitable years in a row build equity to €1.26M.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Roeselare · 2 establishment units since 1985
Ground area
4.1 ha
Building footprint
1.3 ha
Volume, LiDAR
100,635 m³
2 parcels, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
MARKER
since 19852.026.157.675
MARKER BV
since 20262.387.291.249
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0873/00E000 | Flanders | 3.3 ha | 1 · 9,494 m² | 15.2 m · 3 fl. |
| 36505B1204/00A000 | Flanders | 7,297 m² | 1 · 3,770 m² | 3.5 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 22,692 EUR awarded · 22,692 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,590 EUR | 9,590 EUR |
| 2024 | 2 | 4,192 EUR | 4,192 EUR |
| 2023 | 2 | 7,939 EUR | 8,110 EUR |
| 2022 | 1 | 971 EUR | 800 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 1,332 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
Founded27-12-1984
Fiscal year end30-09
Activities, NACEBEL 2025
73110Advertising agencies
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
Contact
E-mail
boekhouding@marker.be
Scores and ratios are computed by Checked and are not a credit decision.