MARKETING DEVELOPMENT
ActiveMARKETING DEVELOPMENT has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €549k and a net result of €103k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 1617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-10
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 3.8 in 2024; short-term debt: 26.1% and cash: 56.1% of total assets), and 26.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
73.9%
Return on assets
13.9%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
48 d early
2023
61 d early
2022
46 d early
2021
51 d early
2020
on the day
2019
1 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€549k▲ 2.0%
2024 · €538k
2018: €284k
2019: €361k
2020: €406k
2021: €440k
2022: €463k
2023: €478k
2024: €538k
2018 → 2025
Total assets
€743k▲ 4.8%
2024 · €709k
2018: €467k
2019: €506k
2020: €506k
2021: €625k
2022: €661k
2023: €690k
2024: €709k
2018 → 2025
Net result
€103k▼ 32.9%
2024 · €154k
2018: €51k
2019: €77k
2020: €45k
2021: €91k
2022: €136k
2023: €127k
2024: €154k
2018 → 2025
Working capital
€485k▲ 1.6%
2024 · €478k
2018: €244k
2019: €328k
2020: €386k
2021: €380k
2022: €415k
2023: €397k
2024: €478k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€440k-€463k▲ 5.3%€478k▲ 3.2%€538k▲ 12.6%€549k▲ 2.0%
Operating result€124k-€184k▲ 49.0%€176k▼ 4.6%€218k▲ 23.7%€156k▼ 28.4%
Net result€91k-€136k▲ 49.4%€127k▼ 6.4%€154k▲ 21.2%€103k▼ 32.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €743k
Fixed assets
€64k▲ 5.2%
Current assets
€679k▲ 4.7%
Equity and liabilities €743k
Equity
€549k▲ 2.0%
Debt
€194k▲ 13.6%
The debt ratio rises from 24.1% to 26.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171k▼
2024 · €240k
Cash flow
€118k▼
2024 · €176k
Solvency
73.9%▼
2024 · 75.9%
Current ratio
3.50▼
2024 · 3.80
Quick ratio
3.50▼
2024 · 3.80
Debt / equity
0.35▲
2024 · 0.32
ROE
18.8%▼
2024 · 28.6%
ROA
13.9%▼
2024 · 21.7%
Interest coverage
295.17▼
2024 · 820.43
Debt
€194k▲
2024 · €171k
Debt ≤ 1 year
€194k▲
2024 · €171k
Income taxes
€52k▼
2024 · €63k
Staff costs
€365k▲
2024 · €327k
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€709k€743k▲
Fixed assets21/28€61k€64k▲
Tangible fixed assets22/27€57k€61k▲
Furniture and vehicles24€57k€61k▲
Financial fixed assets28€3k€3k=
Current assets29/58€648k€679k▲
Amounts receivable within one year40/41€184k€260k▲
Trade receivables40€171k€237k▲
Other amounts receivable41€14k€24k▲
Cash at bank and in hand54/58€463k€417k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€709k€743k▲
Equity10/15€538k€549k▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€343k€353k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€336k€346k▲
Profit (loss) carried forward14€131k€131k▲
Amounts payable17/49€171k€194k▲
Amounts payable within one year42/48€171k€194k▲
Trade debts44€28k€36k▲
Suppliers440/4€28k€36k▲
Taxes, remuneration and social security45€78k€69k▼
Taxes450/3€44k€26k▼
Remuneration and social security454/9€34k€42k▲
Other amounts payable47/48€65k€90k▲
Income statement
Code20242025
Remuneration, social security and pensions62€327k€365k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€15k▼
Other operating charges640/8€1k€746▼
Gross operating margin9900€568k€537k▼
Operating profit (loss)9901€218k€156k▼
Financial income75/76B€6€570▲
Recurring financial income75€6€570▲
Financial charges65/66B€292€578▲
Recurring financial charges65€292€578▲
Profit (loss) for the period before taxes9903€217k€156k▼
Income taxes67/77€63k€52k▼
Profit (loss) for the period9904€154k€103k▼
Profit (loss) for the period to be appropriated9905€154k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€270k€234k▼
Profit (loss) brought forward from the previous period14P€115k€131k▲
Transfer from equity791/2-€93k
Transfer to equity691/2€45k€103k▲
To other reserves6921€45k€103k▲
Profit to be distributed694/7€94k€93k▼
Return on contributions (dividend)694€94k€93k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (18 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €154k ▲21.2%
Operating result €218k, net result €154k, both a record.
31-12
Financial
Equity above €500kEq €538k ▲12.6%
7 profitable years in a row build equity to €538k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €45k ▼41.6%
Net result drops to €45k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Aartselaar · 1 establishment unit since 1977
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.
Koekoekstraat 1482630 AartselaarGround area
643 m²
Building footprint
100 m²
Volume, LiDAR
846 m³
Parcel 11372D0327/00S002, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koekoekstraat 148, 2630 Aartselaar
since 19772.013.895.885
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372D0327/00S002 | Flanders | 643 m² | 1 · 100 m² | 10.1 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.
Similar companies · same sector, comparable size
DO I.T. MANAGEMENT
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Izegem · Eq €550k
BRIGOGEST
BE 0466.181.901
Dinant · Eq €548k
SOCIETE POUR L'INNOVATION ET LE DEVELOPPEMENT
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IMO - CAR
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Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 1,260 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-06-1977
Fiscal year end31-12
Abbreviation NL
"M.D." of "MARDEV"
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.